Word: bigs
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Dates: during 2000-2009
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...other big takeaways? A huge one is reversion to the mean [the tendency of an extreme event to be followed by a less extreme one]. Really high performance is a function of skill and luck. And luck, by definition, is transitory - it comes and goes. The next time you do something, even if you sustain your skill, maybe you'll have a little less luck, and you'll mean revert. When you apply that to the world, you see it everywhere - corporate performance, sports-team performance, individual performance. It gets you to think about how to evaluate outcomes. For example...
...What does that mean for regulation? You can set up certain decision rules that try to keep people on the straight and narrow, but too much regulation about the details is going to get you in trouble. The big banks should probably be fairly boring and reasonably well regulated. And their core businesses are - but they were able to get away from their core activities and move further out on the risk spectrum and jeopardize the whole operation. So much more stringent capital requirements for banks as they get larger, to make sure that as they get larger they...
Read "Merkel Scores Big Win in Regional Election...
...Nounou warned that rocket fire from Gaza remains a legitimate response to Israeli offensive action, citing that as justification for a recent rocket attack by fellow Islamist group Islamic Jihad. "If the Israelis stop all their attacks, there will be no rockets from [Islamic] Jihad and the other big movements," al-Nounou said. Islamic Jihad and other Islamist groups are believed to be behind almost all of the rocket attacks since the cease-fire came into effect. Though there is some suspicion that Hamas may have had a hand in one or two, it has not claimed responsibility...
...award. "There was a valid arrest request, and we knew when he was coming. That's why he was taken into custody," says Guido Balmer, spokesman for Switzerland's Justice Ministry. Adds Sandi Gibbons, a spokeswoman for the Los Angeles County District Attorney's office: "It wasn't a big secret that he was going to be in Zurich - they had announced it on the Internet...