An audio link blog from James King, packaged as a podcast.
Published about once a week.
Clips from Jeremy Grantham, Robert Miles and Patrick Boyle.
An example of a simpler model outperforming more complex models in the real world. See Classification in the Wild.
"The image translators work for the construct program."
Grantham describes how GMO evolved into three separate investment boutiques operating more-or-less independently. He credits this structure for GMOs longterm success and survival.
I wonder if Ergodicity Economics has a solution for this economic puzzle.
Grantham on academic economics' misplaced faith in the efficient markets hypothesis.