Felix Salmon

Counterparties

By Felix Salmon
July 22, 2011

Are the Winklevii the whiniest multi-millionaires in the world? Yes, they are — WSJ

Greece defaults

By Felix Salmon
July 21, 2011

The latest Greek bailout is done — the official statement is here — and it involves Greece going into “selective default,” which is, yes, a kind of default.

The personal-finance metaphor

By Felix Salmon
July 21, 2011

Paul Krugman has been railing against what he calls “the false government-family equivalence” for a while: what’s true at the family level — if your income goes down, for instance, you need to spend less money — is not necessarily true at the government level.

Counterparties

By Felix Salmon
July 21, 2011

Letters to First Great Western — Letters to FGW

Glenn Mulcaire Legal Fees Halted by News Corp — NYT

“iPad was a $6 billion business last quarter. That is twice as big as Dell’s entire consumer PC business.” — NYT

A few Murdoch questions

By Felix Salmon
July 20, 2011

After taking phone calls about Rupert Murdoch on Brian Lehrer’s show this morning and then immediately doing an hour-long diavlog with Alex Massie on the subject, I’m beginning to get a little Murdoch-ed out. But there are three newish points that are worth raising.

Rent vs buy datapoint of the day

By Felix Salmon
July 20, 2011

It’s never possible to know for sure, at any given time, whether it’s a better idea to rent or to buy. If rents and prices both go up in the future, then buying’s likely to have been a good idea. And if they both go down, then renting is sure to have been the better idea.

Felix TV: Action bias

By Felix Salmon
July 20, 2011

After my post on financial advisors last week, Josh Brown, a/k/a the Reformed Broker, got in touch saying that at some point he and I should discuss action bias — the way in which advisors feel the need to do something just to make their clients think they’re earning their keep. I was happy to oblige.

The smart and charming Larry Summers

By Felix Salmon
July 20, 2011

I’ve always had a bit of a cognitive disconnect with respect to Larry Summers. Many of the people I respect the most, and pretty much everybody I know who has spent much time with him, are clear: he’s absolutely brilliant. Most of them would give him some kind of Japanese-style Living National Treasure status.

Counterparties

By Felix Salmon
July 20, 2011

Utterly depressing column by Nathan Myhrvold, patent troll — Bloomberg

How to differentiate an economist from almost anyone else in society — Gelman