Quote of the day

"Cryonics is an experiment. So far the control group isn't doing very well"
— Ralph Merkle

New York In A Nuclear War

A single 800-kiloton nuclear warhead detonated a mile above midtown Manhattan would instantly vaporise the buildings below; a blast wave following one second later would flatten every structure in a six-mile radius; within minutes an unsurvivable firestorm would rage across a fourteen-mile radius; the winds would carry radioactive fallout far and wide. Russia has 700 such warheads, 30 minutes from Manhattan (1,830 words)

What Is A Trader?

“Hundreds of thousands of people trade short term in America. Almost all of them lose. Almost all of them base their trades on mumbo jumbo things that are completely random. The only constant is the vig they pay to the house, which is often 25% of their average gain or loss on the trade. The chances they’ll end up a winner is less than the parts in a warehouse spontaneously assembling themselves into a beautiful girl” (1,470 words)

The Book Thieves Of London

Reminiscences of a bookseller. “Roy’s speciality was art books. He always made two visits to a shop. During the first he would choose the books he was going to steal. After leaving the shop empty-handed, Roy would wait for half an hour and return when the staff were too busy to spot him. It only took Roy a minute to discretely nudge the pile of books into his huge holdall and he was out of the door before anyone had noticed” (1,120 words)

Warren Buffett Explains His Cozy Embrace

A theory of Warren Buffett. “Much of Buffett’s success is due to being really good at one decision point — entry/exit — and focusing exclusively on that. He famously does not mess with his portfolio companies. Most conglomerate-builders want to meddle, to do stuff, to be in charge. If you can forgo those psychic benefits, you can be rewarded for it in money. Also you can do less work” (1,520 words)

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