“[T]he more you press the worse your results.” Ben Carlson relates how our innate bias towards action often backfires when we invest, by citing how goalies would save more balls by standing in place rather than diving. He thinks we do things that often put our investments at risk on the false belief that it’ll get us richer quicker, and so advises that often the best thing to do is to just let our investments sit and accumulate risk-free.
Read full article here
Societal Issues
To curb drug deaths, communities turn to Reddit, texts and wastewater
With drug overdose deaths on the rise, authorities are attempting to curb the epidemic by tracking and sharing information in real time. In one unique effort, a nonprofit in New York City is using drug-testing equipment and stamping or marking habits of dealers to identify drug batches that may endanger users. Other approaches are also being used, such as monitoring drug-related chatter on Reddit and analyzing local wastewater for opioid and other drug levels. With the combination of these efforts, researchers hope to put a dent in the opioid crisis and reduce overdose deaths. Read full article here
Merv
June 1, 2023
