When we say “the tragedy of the commons” I really think it should be stated “the TRAGEDY of the commons” to indicate that it really is an all caps TRAGEDY.
Summarized on wikipedia as
… (the the tragedy of the commons is) a dilemma in which multiple individuals acting independently and solely and rationally consulting their own [...]
Ran into this 2004 economics paper referenced by Wayne Marr on twitter. Several quotes that jumped out at me for a variety of reasons. All economics links added by me.
“The foundation blocks of standard finance were now in place, supporting one another. Investors are rational, prices are efficient, risk is measured by beta and investors [...]
A cross post from a guest blog post on the Houston Chronicle
Commercial Real Estate Defaults Increase – A Good Thing?
Several economists I heard speak recently at the GHP Growth Summit pointed out that every recession in the US ends when real estate rebounds. Real estate leads us out of recessions. So just as real estate [...]
Pontiac-GMC-Bankrupt on flickr.
Morgan Stanley says we are near the trough in the decline of computer sales and that it’s going to be all uphill from here. But why? WHY? The article points to no particular reason for the upturn they are predicting beyond “the cycle.” This is about the same as the constant rosy predictions from the [...]
I just finished reading The Simple Truth About Your Business, Why Focused and Steady Beats Business at the Speed of Light. By Alex Brennan-Martin, a man I have had the privilege of meeting. And a man who has earned a good amount of my money from celebrating dinners at his Houston restaurant with my wife [...]
New groups are being formed throughout the country, and nobody has noticed. These emergent groups are zero to three years old. And the organizers are not the usual suspects. If there is a connection to urban tribes it is the connecting of existing urban tribes.
We meet our new friends, talking to others we know through [...]
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