Money
Academically Speaking, I’ve Still Got the Geedus
I took a Computational Finance midterm over the weekend on Coursera. I’ve taken a few Coursera classes before — they had quizzes, problem sets, programming assignments, essays — but none of them had a midterm or final exam.
It’s the first academic exam I’ve taken in at least a couple of decades, and the first exam ever in which — because it was online — I was able to participate in the company of my life partner, Wild Turkey.
Here’s my result:

I lost the one point on this question right here:

If you understand the question, it’s obvious which one of the four I missed, but it may not be obvious what the right answer is. It wasn’t to me, anyway.
My wife asks, “Did you see the grading curve?”
“No, but when you score 149 out of 150, you leave it to others to worry about the curve.”
Coursera Recommendations
Coursera‘s been around long enough now that some classes are being offered for a second time, including a couple that I’ve taken and recommend:
- Modern & Contemporary American Poetry, taught by Al Filreis at Penn
- Social Network Analysis, taught by Lada Adamic at the University of Michigan
Life is Losing
We are all receding — waving or beckoning or just kissing our fingertips, we are all fading, shrinking, paling. Life is all losing, we are all losing, losing mother, father, youth, hair, looks, teeth, friends, lovers, shape, reason, life. We are losing, losing, losing. Take life away. It’s too hard, too difficult. We aren’t any good at it. Try us out on something else. But shelve life. Take life off the stands. It’s too fucking difficult and we aren’t any good at it.
That reminds me — it’s probably about time to schedule an eye exam because I can’t goddamn see any more . . .
Kobe Bryant, 1978-2013
One never knows when the blow may fall, Mamba Mentality notwithstanding. He wakes up this morning and a few hours later he dies at the age of 41.
It sounds like they may have been flying through fog and hit a hillside rather than hitting the ground. Is there enough time to grab your daughter’s hand and say “I love you” or is it all over too fast? Which would be better or worse?
RIP Kobe Bryant, Gianna and all the other passengers

Shooting the Messenger
I worked with a woman whose last name was Messenger. Every time I saw her I said “Don’t shoot the Messenger.” I never tired of it . . .
Let Me Tell You What Really Happened
Let me tell you what really happened, the voice said. All those years you waited torpidly, like a sleepwalker, pulled and pushed about by others’ opinions, by external pressure, by your illusions, by the official rules you internalized. You were misled by your own frustration and passivity, believing that what you were not allowed to have was what your heart was destined to embrace.
Screw Economics
One of the classes I’m taking on Coursera is Principles of Economics for Scientists, taught by Prof. Antonio Rangel at Cal Tech.
First of all, it’s a great class. Rangel has a real passion for the material and he’s provided extra resources to accomodate online students, many of whom probably don’t have the math background of the average Cal Tech student.
He’s from Madrid, so his pronunciations and mannerisms are different, like the gesture below, which I captured from one of the video lectures.

He was explaining how something or other would increase our understanding of economics and he punctuated the word “understanding” by pointing at his head with two fingers. I don’t know what this gesture means in Spain, or if it means anything at all. Probably he knows what it means in America, but as I said, he’s passionate about the material and I think he loses himself in what he’s saying.
He’s also one of the only two people I know who pronounce the word “subsequent” as sub-SEEK-went, the other being one of my work colleagues, who’s actually from this country and therefore has no excuse . . .

Please Look After Mom by Kyung-Sook Shin
Poems I’ve Read Recently and Liked
- “Fisherman” by Kurt Brown
- “George Gray” by Edgar Lee Masters
- “The Panther” by Rainer Maria Rilke
Man has no alternative, except between being influenced by thought that has been thought out and being influenced by thought that has not been thought out. — G.K. Chesterton
Why Kyrie Irving is a Better Basketball Player Than Anyone in My Family

My son (age 19) and I are driving to Staples Center to see the Lakers take on the Cleveland Cavaliers, listening to the pre-game show on the radio. Because the Cavs are basically a one-man roster, and that one man is Kyrie Irving, there’s a lot of talk about Irving on the pre-game.
One of the analysts offers up his opinion that Irving is as good as he is at such a young age (he’s 20) because Irving’s dad was hard on him as a kid and pushed him and didn’t let him take breaks.
As always, when the topic of someone’s dad bullying him to greatness comes up, the boy gives me a melancholy look to say that my lack of abusiveness as a parent is the reason he’s not a professional athlete. “You let me take breaks,” he says.
“You know,” I say, “I think for every guy who says, ‘My dad wouldn’t let me back in the house until I made 100 layups with each hand and now I’m in the NBA,’ there’s 900 other guys whose dads tried the same shit and these guys got nowhere and now they’re extremely angry about it. You just never hear from those 900 guys because they’re nowhere, as I just said.”
Thomas Jefferson on Why Your Health Insurance Premium is Going Up

Health insurance companies across the country are seeking and winning double-digit increases in premiums for some customers, even though one of the biggest objectives of the Obama administration’s health care law was to stem the rapid rise in insurance costs for consumers.
That headline should not read “DESPITE new health law,” it should read “BECAUSE OF new health law.”
But we were going to get things for free! We were promised better things at a lower cost!
In my day, most of the citizens were farmers or merchants or tradesmen. They lived by their hands and their wits. They had horse sense and they knew when they were being sold a bill of goods.
Of course, that was before television.
Americans today are unfortunately rather stupid. Most of them don’t know anything about economics, science, history, government . . . as George Carlin says, “Think of how stupid the average person is, and realize half of them are stupider than that.” George is here in heaven now. He breaks me up, he really does.
Your president and Congress have decreed that every American will have health insurance whether they want it or not. They have further decreed that a lot of Americans will not have to pay for their own health insurance, which means that the cost of their health insurance has to be paid by the rest of you. That’s one reason why your health insurance premium is going up.
Another reason your premium is going up is the “guaranteed issue” provision. “Guaranteed issue” means that no one can be denied health insurance because of pre-existing conditions.
Funny story: My friend Paul Epps, his wife has an insurance agency in Southern California. It’s an area that’s susceptible to wildfires in the summer months. When a fire breaks out, people who live near the fire actually call this woman wanting to buy a homeowners policy.
Of course, she doesn’t sell it to them. Insurance companies are a little bit smarter than that.
Buying a homeowners policy when your house is already on fire is analogous to “guaranteed issue” health insurance: Hello, I’d like to buy some health insurance. Oh by the way, I have cancer, but the doctors think that with lengthy and expensive treatment, I have a chance to pull through.
This is not even insurance anymore. Insurance is something you pay for now to protect against the risk of having to pay a lot more later. In these cases, there IS no risk. The bad news has already happened. It’s a dead loss for the insurance company and they have to spread the cost of that loss to other policyholders. That’s another reason your premium is going up.
This isn’t even economics, folks, it’s just common sense.

Napping in Sunshine

Virtual U.
Students Rush to Web Classes, but Profits May Be Much Later — NYTimes.com
Profits shmofits . . . if you’re not using Coursera.org, you are missing a life-changing opportunity.
2012: The Year in Books
These are the books I read in 2012, roughly in the order listed. The ratings are mine. They don’t represent a consensus of opinion.
Book of the Year: Please Look After Mom by Kyung-Sook Shin
Thomas Jefferson Solves the Country’s Obesity Problem

A slight minority of Democrats (48%) say the government should be extremely or very involved compared to 13 percent of Republicans. Non-whites (47%) are more likely than whites (25%) to say the government should be very or extremely involved in finding solutions to the country’s obesity problem.
My fellow Americans —
The country doesn’t have an obesity problem. If you’re obese, that’s your problem, not the country’s problem, and you bear the costs of it, financial and otherwise.
Some people might argue that obesity causes an increase in public health costs. That is untrue.
Think about it. If you die in your 40s because you’re too fat, you have saved us all a lot of money, to the extent that your healthcare costs are borne by the public. If you’d maintained a normal weight and lived to be 80, you’d still have end-of-life medical expenses, plus an additional 30 years of expenditures in between.
For those who want a solution to the “obesity problem,” I offer two:
- Eat less.
- Exercise more.
Got that, fatso?

The Honest Politician
“You want a simple plan to reduce the national unemployment rate? GET A JOB!”
Are Daily Stand-Ups Harming Your Team?
Woody Zuill: Are Daily Stand-Ups Harming Your Team?
