I was going to write a post today about how liquidity in financial markets goes down as concentration of holdings goes up but then I woke up to the news of the mass shooting in Las Vegas last night. I have written extensively before about the need for better gun control, so won’t rehash that today other than to note that the statistics for 2017 show already over 11,000 deaths year-to-date. What yesterday’s mass shooting does make eminently clear yet again though is just how much damage and tr...

I was going to write a post today about how liquidity in financial markets goes down as concentration of holdings goes up but then I woke up to the news of the mass shooting in Las Vegas last night. I have written extensively before about the need for better gun control, so won’t rehash that today other than to note that the statistics for 2017 show already over 11,000 deaths year-to-date. What yesterday’s mass shooting does make eminently clear yet again though is just how much damage and tr...

Much has already been said about the need for more gun control in the aftermath of the Arizona shooting of Rep. Giffords. I am in complete agreement that we need much tighter controls, especially for assault weapons (which should encompass semi-automatics). One point I have not seen is the need for pro-active education about guns. In the absence of such, people will form their views of guns based on their depictions in movies and games, which are utterly misleading. The two grossest misrepres...

Much has already been said about the need for more gun control in the aftermath of the Arizona shooting of Rep. Giffords. I am in complete agreement that we need much tighter controls, especially for assault weapons (which should encompass semi-automatics). One point I have not seen is the need for pro-active education about guns. In the absence of such, people will form their views of guns based on their depictions in movies and games, which are utterly misleading. The two grossest misrepres...