big ideas

Peter Thiel: you are not a lottery ticket

Thiel lays out his 2×2 matrix: pessimist vs optimist, determinate vs indeterminate. It starts out a little obscure, but once he fills in examples it really drives his point home. I found his description of the circular investment flows in […]

fun facts

Americans and Brits love a good gamble

CNBC reports, “Americans earning less than $30,000 admit to spending about 13% of their income on lottery tickets”, and the average American buys $1,000 of lotto tickets. Meanwhile, about 1 in 3 people in the UK hold Premium Bonds where the interest on […]