High Frequency Trading Is Hosing You: Part 1

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I buy my books later and cheaper. Waiting a few years means I score pristine hardcovers for a buck at a Friends of the Library book sale, which I savor and then donate back in a virtuous cycle of frugality and reading. This is how I came across Flash Boys by Michael Lewis, published 6 years ago and devoured on …

Not With A Bang, But With A Whimper

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Being an emergency physician requires you to excel, among other areas, in one particularly important preschool skill: playing well with others. I deal with consultants from other specialties numerous times on a daily basis, often asking them to employ their unique talents at inopportune hours. One of emergency medicine’s kindred “plays well with others” specialties is radiology – in fact, …

Losing The Veneer Of Stability

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The past few days have been disturbing. A brutal death caught on tape. Peaceful mass protests and organized civil unrest on an order of magnitude not seen in a generation, evolving in a few places into looting and rioting. An image in the Times of the LA Farmer’s Market was the gut punch – that’s where I used to take …

Body By COVID

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I’ve never been more fit. I’ve never spent more time sitting on my bum. By serendipity, my shifts this month and last were batched together, providing long stretches of time off. The upshot was that I have done some form of exercise (weights, cycling, walking the neighborhood) every single day for several weeks. I feel good about this turn of …

Understanding Correlation

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The gifts of the WCI Con 20 swag bag just keep on giving! Sheltering in place has provided ample reading time to sneak in some continuing financial education, currently on how achieve desired returns with reduced volatility. I’m currently reading Swedroe and Grogan’s 2018 edition of Reducing the Risk of Black Swans, which has the most lucid explanation of correlation …

Reading Harry Sit’s “My Financial Toolbox”

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Harry Sit is a self-taught financial savant who pens the popular blog The Finance Buff, which has been around since 2006 – a remarkable lifespan that easily qualifies him as the Galapagos tortoise of finance bloggers. I discovered his blog through Mike Piper’s Oblivious Investor blog, another excellent resource. Harry’s financial savvy is more compelling once you hear his back …

Punching Above Your Weight Class

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Lessons From Birdwatching This morning I was up just after dawn and tackling a local hill on my bicycle half an hour later. The sun had not yet crested the hill when I noticed a loud bird call followed by a thud coming from overhead. It was a scrappy mockingbird taking on a tough looking crow (a couple of conspicuously …

Flattening The (Learning) Curve

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One of the goals I’ve had since before our kids were born was to travel together as a family when they hit a certain sweet spot (able to handle intercontinental air travel; not yet adolescents). Now that we are in the window period, I’ve had to reconsider how to accomplish the same goals without leaving home. On the up side, …

Farewell, X-ray File I Used To Take Out At Parties

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Thanks to order to shelter in place, spring cleaning has arrived in our household with a rarely seen vengeance. Consequently, my office is in the thick of a massive decluttering effort. One of the casualties is the x-ray file I used to take out at parties. When you are an eligible resident in emergency medicine, you bring a certain cachet …

Cool It Now: Kids And Guilt

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Maybe it’s an immigrant thing, viewing life through a lens of scarcity. There’s certainly a cultural dimension, an inheritance from serial generations bent on fostering a sense of inadequacy. They try so hard to resist, I know they do. Yet sometimes, without realizing it, they revert to the mother tongue, which is guilt. It plays out like this: Us (via …