Buy cheap wine and relabel it

August 17, 2018•95 words

Does All Wine Taste the Same? was an article in the New Yorker. I summarize the post below in a few bullets.

A cheap wine won a wine competition (the panel consisted of experts).
White wine were poured into two glasses, then one of them was tinted with red food coloring. The experts thought very differently of those two glasses.
A certain wine bottle was presented in two forms: one with the original lable and one with a fancy lable — the experts critized the formed and praised the latter.

👍❤️🫶👏👌🤯🤔😂😍😭😢😡😮

Subscribe to the author

You'll only receive email when they publish something new.

More from jacob
All posts

Reading on the web

August 15, 2018•142 words

Here is a good workflow for reading from the web. Firstly, pick a few sources that you want to read from. Save their RSS to Feedly.com (In the background, every new article is now saved into feedly.) Secondly, install the feedly app on your phone. When you have some idle time, scroll though the RSS feed in you app and hit “save for later” on the articles you would like to read. (In the background, a IFTTT.com script places the saved items on Instapaper.com) Thirdly, when you have time and ene...

Read post

Passive investing beats active

August 31, 2018•688 words

A professor at NYU has provided empirical evidence that passive investing beats active. He also explains why this is. Any avid reader of financial literature already have heard these arguments, however, professor Damodaran's video presentation and blog post is an easy read for anyone that does not have a thorough financial background. Damodaran breaks his argument into four sections. 1. Active managers cannot collectively beat the market This is just pure math, as proved by Sharpe in 1991. Som...

Read post

Buy cheap wine and relabel it

More from jacobAll posts

Reading on the web

Passive investing beats active

More from jacob
All posts