FREE BOOK (depressing topic but FREE).

James Kwak's avatarThe Baseline Scenario

By James Kwak

I contributed a chapter to Is U.S. Government Debt Different?a book published by the Financial Institutions Center of Wharton. It includes chapters by many people more distinguished than I, such as William Bratton, Peter Fisher, James Hines, Howell Jackson, Deborah Lucas, Steven Schwarcz, Richard Sylla, and others. You can download the whole thing for free at the link above. Enjoy.

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Why Idleness Is the Best Investment You Can Make

In today’s Western culture, we mistake productivity for the appearance of productivity. The frantic attentiveness to smartphones which characterizes corporate ambition, for example, is a display of how hard someone is working, not an actual measure of their productivity.

via Why Idleness Is the Best Investment You Can Make | IdeaFeed | Big Think.

I am not doing very much today so that I can be more productive.

Luck v. Skill – Finding Success as an Expert Witness in Life Underwriting

Economist’s View: Luck vs. Skill.

Here’s a nice blog post to get your cognitive processes started on this fine Sunday morning.  Success – luck or skills and hard work?  This is a topic I’ve been thinking a lot about recently.  Unlike other missives I will purposely avoid politics.  To me,the answer is quite simple.

Both.

I work hard and have worked hard for a very long time to achieve success.  But at the same time, I recognize and appreciate how luck is as crucial a factor to success as skill and hard work.  Think about it.

Steven Pressfield – The Lunch Pail Manifesto

The Lunch Pail Manifesto

  1. We must find the work that brings our lives meaning.
  2. We must strive to make our work purposeful, truthful, and authentic, a pure offering to our Muse and fellow human beings.
  3. We must wage a lifelong war with Resistance and accept that instant gratification is an oxymoron.
  4. We must not speak of our work with false modesty or braggadocio.
  5. We must not debase our work for short term gain nor elevate it above its rightful station to inflate our ego.
  6. We must not covet the fruits of our work, or the fruits of others’ work.
  7. We must respect others’ work and offer aid to fellow professional laborers.
  8. We must accept that our work will never be perfect.
  9. We must accept that our work will never be without merit.
  10. We must accept that our work will never cease.

via Standing 8 Count | Black Irish Books | Get In the Ring!.