"We conclude that the concentration of wealth is natural and inevitable, and is periodically alleviated by violent or peaceable partial redistribution. In this view all economic history is the slow heartbeat of the social organism, a vast systole and diastole of concentrating wealth and compulsive recirculation." --Will and Ariel Durant (The Lessons of History)
Mark and Jonathan Boyar chat with Kate Welling (LINK)
Baupost’s Seth Klarman Hires Investment Chief to Manage Foundation’s Assets [H/T Will] (LINK)
Unnerving Words of an Idiosyncratic Genius (LINK)
A Crypto-Mystery: Is $136 Million Stuck or Missing? ($) (LINK)
M33 Followup: The massive and fierce beauty of an enormous stellar nursery - by Phil Plait (LINK)