Having a certain degree or job title or being in a specific industry for several years (or even decades) doesn’t mean you’re stuck there. More and more people are having multiple careers these days, and it’s ridiculous to assume that 18-year-olds know what they want to do for the rest of their lives when they choose their degree course, says inc. If you’re not in the right profession, change it.
On Monday, my "question of the day" was What will the unemployment rate look like for the rest of the decade?
Click on the above link to see an interactive map that lets you select the rate of job growth up to January of 2020.
Echoing Charlie Munger, Oaktree's Howard Marks warns today's institutional and retail investors that "everything that’s important in investing is counterintuitive, and everything that’s obvious is wrong." These words seem critically important at a time when the world and his pet rabbit is a self-proclaimed stock-picking export.
To those who lived through the harrowing market plunge in which it seemed that the Fed has finally lost control, the May 6 2010 flash crash feels like yesterday, and to nobody more so than to the person who mysteriously emerged two weeks ago, just days ahead of the 5 years statue of limitations expired, to blame it all on one person as the CFTC's scapegoat: Navinder Sarao.
Jon Chait did a very funny job taking apart David Brooks's column on reconciliation. I want to do a serious job on it. The factual statements Brooks uses in his argument are wrong. Not arguable, or questionable, or suspicious. Wrong. And since everything else flows from those wrong facts, the rest of the column can't be taken seriously.