Items of Interest:
In Bing Crosby’s Wine Cellar, Vintage Baseball -- How a near pristine black-and-white reel of the entire television broadcast of the deciding game of the 1960 World Series — long believed to be lost forever — came to rest in the dry and cool wine cellar of Bing Crosby’s home near San Francisco is not a mystery to those who knew him.
Crosby loved baseball, but as a part owner of the Pittsburgh Pirates he was too nervous to watch the Series against the Yankees, so he and his wife went to Paris, where they listened by radio.
He said, ‘I can’t stay in the country,’ ” his widow, Kathryn Crosby, said. “ ‘I’ll jinx everybody.’ ”
He knew he would want to watch the game later — if his Pirates won — so he hired a company to record Game 7 by kinescope, an early relative of the DVR, filming off a television...
Jethro Nededog / Zap-2-It:
'Jersey Shore' lesson: The bang-onomics of Angelina -- After watching Thursday's Sept. 24 "Jersey Shore," I have a new understanding of the way the crew's wild world works. I've pointed out the signs of the crew's wisdom before, but I learned a new subject from the last episode: Bang-onomics
You have to have noticed that the crew tallies every time they smush on the blackboard. The flip side is that the crew acknowledges the double standard that when the guidos bring home different girls on different nights and rack up the tally marks, they're studs --fist pumps all around. If a guidette, say Angelina Pivarnick, does it, she's a whore. But, this crew doesn't run with the usual pack. Nicole "Snooki" Polizzi, for example, can hit it with different guys, because she spaces them out. See, bang-onomics is a harder discipline for the guidettes and it's so easy to fail the class...
“Better Lucky than Smart”: The Urban Legend of Warren Buffett --
Asked by an audience member if returns such as those posted by Berkshire Hathaway Inc. Chief Executive Officer Warren Buffett…are the product of luck or talent, Taleb [Nassim Nicholas Taleb, author of “The Black Swan”] said both played a part.... the urban legend surrounding Warren Buffett ... is that Warren Buffett was more lucky than smart...
If given a choice between investing with Buffett and billionaire investor George Soros, Taleb also said he would probably pick the latter.
“I am not saying Buffett isn’t as good as Soros,” he said. “I am saying that the probability Soros’s returns come from randomness is much smaller because he did almost everything: he bought currencies, he sold currencies, he did arbitrages. He made a lot more decisions. Buffett followed a strategy to buy companies that had a certain earnings profile, and it worked for him. There is a lot more luck involved in this strategy.”
—Bloomberg Businessweek, September 25, 2010
Rather Than Bash the Rich, We Should Emulate Them -- Ultimately it’s the goal of The Blake School to erase the culture of “white privilege” from its hallowed walls. No doubt this plays well to a media possessing an almost reflexive hate of wealth, but for the rational minds in our midst, white privilege is a falsely pejorative term for the enterprise and parsimony that often lead to financial and charitable success. Blake may well rid itself of what its administrators deem a wanting, privileged culture, but if successful, they’ll rid the school of the values that make it so attractive to the ambitious, including those not rich or white.