When I was teaching at Cornell as a Clinical Professor of Finance in 2013, I wasn’t expected to “publish or perish”. That was for tenure-track professors, not us denizens of the practicum. But while teaching a course in pensions, I stumbled on a compelling thread that really concerned me and caused me to do some ham-handed research (I’m not cut out to be a serious researcher…that takes too much diligence and rigor). I found numbers…
We’re spending the weekend in New York City, and while I’m the one of the two of us that tends to want to limit my travel to New York City these days, I’m really glad we came. Besides the obvious pleasure we’re getting in seeing our friends who we’re coming to celebrate a 70th birthday for, the weather in New York has decided to cooperate with some magnificent, crisp, late October weekend weather with the…
The year I graduated from college (1975), Frankie Valli and the Four Seasons came out with their song December, 1963 (Oh, What a Night) and it reached #1 on the Billboard Hot 100. Since I was nine years old in 1963 I’m not sure there was anything special going on in my life on that date, but the original song, written by Bob Gaudio (Big Girls Don’t Cry, Rag Doll, Walk Like a Man, Bye…
If someone asked me how I define how I am doing at any point in time, I would tend to focus on many of the same things everyone thinks about with regard to their wellbeing. People usually weigh their wellbeing across several overlapping areas starting with physical health, gauged by sleep, exercise, nutrition, energy, managing illness or pain, and preventive care. They then move to mental and emotional health like stress, mood, resilience, and a…
As I have mentioned before, I seriously studied modern revolutions in college, so much so that I actually considered an offered sponsorship to do graduate work in the area. The topic has always fascinated me. Just to review, a revolution is a fundamental, usually rapid change in who holds power and how a society is governed, typically driven from below by mass mobilization rather than by elections or normal politics. There are political revolutions when…
I was recently at a dinner where someone asked who we each had our first crush on. I have to go way back to 1960 when I saw the Disney movie Pollyanna, which starred Haley Mills and earned her an honorary juvenile Oscar. Pollyanna was Disney’s adaptation of Eleanor H. Porter’s 1913 novel, directed by David Swift. Hayley Mills plays Pollyanna Whittier, an orphaned missionary’s daughter sent to live with her wealthy, rigid Aunt Polly…
Don’t worry, this is neither a story about car insurance mascots nor tropical lizards. Rather, what got me started on this theme is Oliver Stone’s Wall Street (1987) character, Gordon Gekko, played by Michael Douglas (he won the Best Actor Oscar for it). Stone, whose father was a Wall Street stockbroker, built the character from several ’80s figures including Ivan Boesky (the biggest source). His 1986 Berkeley commencement line that greed is healthy became Gekko’s…
How does man attain perfection? Mostly by giving up on the idea that perfection is something you arrive at. Many great thinkers took the question seriously and pondered it. Plato said that the soul became perfected by ordering reason over appetite, guiding itself toward what he called the “Form of the Good”. The Form of the Good is the highest reality, the source that makes all other Forms (Justice, Beauty, Equality) both exist and be…
The older I get the more I think that while I’m not a communist. I may be a Marxist (Karl as opposed to Groucho, though I did like Groucho’s chutzpah). Marxism is the body of social, economic and political theory that Karl Marx and Friedrich Engels developed in the mid-1800s. It rests on a few core ideas. Marx’s “historical materialism” holds that the way a society produces its goods and services shapes everything else: its…
Oligarchy is a form of government or power structure in which control rests with a small group of people, usually distinguished by wealth, family, military power, or corporate influence, rather than with the public at large. The word comes from the Greek oligos (“few”) and arkhein (“to rule”). In modern usage it often describes systems that may be formally democratic but where a wealthy elite has outsized sway over policy and institutions. Post-Soviet Russia’s business…