Remainders: From Rubber Rooms to Reply All

But I also think it goes to something deeper than that, when people will make this argument — in a way that really bothers me. It goes to this idea that … as we’re making all of these amazing strides in society, in terms of increasing our social awareness, and making efforts toward ideas like diversity and equality, and just sort of creating this more inclusive world … somehow sports should be an exception. It’s this idea, for some people, that sports should almost be this haven, where it’s O.K. to be closed-minded — like a bubble for all of our worst ignorance. And that as athletes, if we have any problems with the way things are, we should (as the saying goes) “stick to sports.”

The father of value investing, Benjamin Graham, explained this concept by saying that in the short run, the market is like a voting machine--tallying up which firms are popular and unpopular. But in the long run, the market is like a weighing machine--assessing the substance of a company. The message is clear: What matters in the long run is a company's actual underlying business performance and not the investing public's fickle opinion about its prospects in the short run.

• Adam Davidson on the Longform Podcast. Adam started Planet Money and is an all-around very smart guy. He's currently a staff writer at the New Yorker mostly writing about Trump's shady business dealings. A few weeks ago he wrote a piece that made the rounds about how the Cohen stuff looks like the beginning of the end from Trump. He also came and talked at Percolate's Transition Conference a few years ago about the history of org charts and it was great.
• Another good podcast from this week is the latest Reply All on the birth of the incel movement. I thought this comment from the host, PJ Vogt, was a particularly interesting insight into why certain communities go toxic: "Alana says the big mistake she made, back when she started a movement in her 20s, was that she overlooked what she now calls the student government problem. You can’t build a movement of people whose whole reason for joining the movement is to leave it. It’s not just that the people who find love then go disappear. It’s that you don’t get to have what every other movement takes for granted — the old guard."
• I've mentioned it before, but I've really been enjoying Julia Galef's Rationally Speaking podcast. Check out the episode with developmental psychology Alison Gopnik from a few weeks ago. It's always full of fascinating ideas. (Gopnik is the author of the recent book The Gardener and the Carpenter, which is on my list to read despite a not-so-great NYTimes review.)

The weakness of the book is that it doesn’t seriously consider the second part of the conversation—the human values that the young woman from the small town talks about. Our local, particular connections to just one specific family, community, place, or tradition can seem irrational. Why stay in one town instead of chasing better opportunities? Why feel compelled to sacrifice your own well-being to care for your profoundly disabled child or fragile, dying grandparent, when you would never do the same for a stranger? And yet, psychologically and philosophically, those attachments are as central to human life as the individualist, rationalist, universalist values of classic Enlightenment utilitarianism. If the case for reason, science, humanism, and progress is really going to be convincing—if it’s going to amount to more than preaching to the choir—it will have to speak to a wider spectrum of listeners, a more inclusive conception of flourishing, a broader palette of values.

• There's a German word - Maeinschein - for "the green-gold sunlight that falls through the young leaves of trees & woods in spring/May."
• "The U.S. cigarette market is worth a hundred and twenty billion dollars." (This is from a bigger New Yorker article about vaping that's definitely worth a read.)
• Seconds are called that because they're the "second division" of an hour (the first being minutes)

And Samuel bought newspapers, and preachers, too. He gave them this simple lesson to teach, and they taught it well: Anybody who thought that the United States of America was supposed to be a Utopia was a piggy, lazy, God-damned fool. Samuel thundered that no American factory hand was worth more than eighty cents a day. And yet he could be thankful for the opportunity to pay a hundred thousand dollars or more for a painting by an Italian three centuries dead. And he capped this insult by giving paintings to museums for the spiritual elevation of the poor. The museums were closed on Sundays.

Some "Restaurant Recommendations from Your College Friend". What happened to medical spending in the US in 1980? The 5S's (not to be confused with the Happiest Baby on the Block approach), is a way to organize workspaces. They are:

1. Seiri (Sort)
2. Seiton (Straighten, Set)
3. Seiso (Shine, Sweep)
4. Seiketsu (Standardize)
5. Shitsuke (Sustain)

It's surprisingly cathartic to watch people organize a hospital supply room using the method. [embed]https://www.youtube.com/watch?v=aMkXICM1-98[/embed] The FT is no longer requiring it's journalists to always write data as a plural. Hooray! Blockchain skepticism FTW!

Song's issue is that most enterprise-software companies offering blockchain solutions don't benefit from decentralization. Blockchain technology is supposed to eliminate the need for a trusted third party to verify things like transactions and contracts. But most of the use cases available today still need some sort of third-party involvement, be it a bank, lawyer, or regulatory body.

Have you updated your personal terms of service?