Pension funds have a different time horizon / cash flow needs than individual investors (namely, they need to meet their liabilities every month) and so are going to have a more conservative asset mix (read: lower expected returns w/ lower volatility) than your average S&P500 index funds.
For example, CaLPERS has ~45% of their assets under management in debt / real estate.
>You can't evaluate how good of a writer someone is unless you already know what they are trying to explain.
I object to this premise.
Trivial counterexample: Is it impossible to evaluate the quality of a novelist because we don't have a common understanding of the plot of a novel until after I've read it? Clearly not.
Even in a post-modernist literary paper you can still judge the writer's cohesiveness of thought and clarity of argument.
Edit:
>The correctness of the content is subjective. If the correctness of the content is objective, and mutually understood, then any confusion added during the writing is bad writing.
I also don't understand how post-modernism comes into it. Is talking about the theme of insanity in Hamlet any more objective/correct than writing about the influence of race in Moby-Dick? If so, how?
Tehanu is my favorite in the series; I'm sorry you feel that way!
> And Ged kills a guy (which he didn't in the first three books) and gets to have sex right after, pretty explicitly as a reward - that was a bit of a "what the hell, author?" moment.
Two people with a long-standing attraction having sex after a life-or-death experience seems completely natural to me. Your framing of them having sex BECAUSE Ged killed a man is a misrepresentation of what happens in the book.
Yes but the only way repeated cooperation can be maintained is if players can “punish” defectors by also defecting for a certain # of turns (thus making the PV of breaking ranks and defecting < keeping cooperating for every player).
SBF’s situation is different in that the game ends as soon as someone defects.
However, in Montaigne's essays he often doesn't have a clear thesis at the beginning of the essay. You are reading his (magisterial) thinking transcribed onto the page.
The OP gestures towards a thesis ('here's why society's championing of cleverness is bad') and then spends paragraphs meandering around it.
Charitably, I think what OP was getting at is that there was no pressure to arrest / prosecute Shkreli quickly because his actions hadn’t in actuality physically or monetarily harmed people, unlike, e.g., Theranos.
I did some work at a utility company a few years back where I had access to a database of every historical outage across the system along with such info as the diagnosed cause.
Thousands of outages were caused by “Wildlife (Squirrel)”—more than once it crossed my mind that this file was the last record of those squirrels’ lives on Earth!
I'm certainly not going to be feeling outraged by medical records disclosure when I'm dead. Do with me what you will when I'm gone--I care more about my experience when I'm alive.
For example, CaLPERS has ~45% of their assets under management in debt / real estate.