Our lack of family leave for new parents is barbaric, antifamily, sexist, regressive, economically irrational, and just plain stupid. - Andrew Yang

But more profoundly, there is something deeply wrong if even the winners of the mass scramble to climb into the top of the education meritocracy are so unhappy. They are asking, “What are we striving and struggling for?” No one knows. The answer seems to be “to try to join the tribes in the coastal markets and work your ass off,” even as those opportunities become harder to come by. If you don’t like that answer, there are very few others.

If Cole successfully analyzes an opportunity for the hedge fund and it invests slightly more effectively, that will be a win for the fund’s managers and its investors. But there will very likely be an equivalent loss on the other side of the investment (whoever sold it to them makes out slightly less well for having undervalued the asset). It’s not clear what the macroeconomic benefit is, unless you either favor the hedge fund’s investors over others or have a very abstract view toward capital markets working efficiently.

we are confident that between 2 and 3 million Americans who drive vehicles for a living will lose their jobs in the next 10 to 15 years.