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...dangerous cycles. Epigenetics smacks disturbingly of the horrific days in Soviet Russia when the mad geneticist Lysenko held sway over Russian science. I also have questions regarding sample size, causality and method. In my opinion, a closed population in northern Sweden does not constitute a control group. John Goldenberg, ST PAUL DE VENCE, FRANCE...
...Jeremy Grantham recently wrote shareholders that he thought the Volcker rule would eliminate conflicts of interest at financial firms. Citigroup's current chief executive Vikram Pandit, too, has said he believes banks need to start curtailing their riskier activities. In November, speaking to business students at Washington University in St. Louis, Mo., Pandit said that unlike with other financial crises, proprietary trading played a much bigger role than underwriting in the recent credit crunch that nearly brought down his firm. "It makes sense to me that you don't take deposits as an institution and turn around...
...puts it, “f*cked up.” The doctor, upon breaking the news, easily rattles off a list of other famous and brilliant people who also suffered from a combination of alcohol and mental disorders, including Ernest Hemingway, Sylvia Plath, Cole Porter, Yves St. Laurent, and Vivien Leigh. Add these names to a more general list of brilliant people with mental disorders, including Winston Churchill, Virginia Woolf, Ludwig van Beethoven, and Isaac Newton, and one starts to get the sense that one has to be insane in order to truly accomplish anything great...
...National Association of College and University Business Officers recently released an analysis legitimizing common knowledge about the suckiness of our endowment, but 24/7 Wall St. took it a step further, calling us the worst at managing money (based on both percent and absolute dollar loss) among 842 institutions with endowments greater than $1 billion...
...we’d all just like to call 24/7 Wall St. a big bully. The kind of institution that swaggers onto the university playground, walks up to bright-eyed and defenseless Harvard, pokes him in the chest, and calls him “Worst Managed Endowment” just to see him cry. But does the bully have a point? Or is it simplistic to assume that having the largest loss automatically means our endowment is the "worst managed...