We Are All The Same

Every morning you wake up as a new person. Yesterday was Joel 12889, tomorrow I will be Joel 12890, and seventeen years ago I was Joel 7001. Each Joel is fundamentally different than the rest. Many are very very similar, especially recent models where life has not changed much, but they all still are different.

Joel 7001 is nearly unrecognizable as “me” when I think about him.… read more “We Are All The Same”

Twins

Managing twin babies is pretty challenging. I am not sure how a single mother could ever do it, or how two parents each with a job could get by unless they had a lot of outside help.

My wife Laurel has been doing a great job.

Regulatory Capture Should Be Illegal

Regulatory capture is where businesspeople in an industry manage to bring their regulators under their direct control. A classic example of this is bankers in the early 2000’s who were able to get their regulators to both basically guarantee they couldn’t go bankrupt (too big to fail) and to allow the bankers to take high risk / high reward bets with other people’s money.… read more “Regulatory Capture Should Be Illegal”

Does Craps Or Blackjack Offer Better Odds

The question “Does craps or blackjack offer better odds” was posed to me at breakfast this morning with Ryan.

I said “Blackjack”.

Ryan replied, “I’ll make you a $10 bet that Craps has better odds than Blackjack”.

I took that bet.

The problem with this bet is a common one in business… it’s a very poorly defined contract.… read more “Does Craps Or Blackjack Offer Better Odds”