The $10.2 Million Winner Who Needed a Radio Rescue youtu.be/M8WoVt-3iT8?si… via @YouTube You can't be too careful 😀
David Stern
@sterndavidi
Energy and environmental economist. Other interests: Investing, genetics, linguistics... Professor @ANUCrawford. Co-editor-in-chief @AJAREJournal.
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Financial advisors pay their keep: nber.org/papers/w35990
Paper by @GalorOded et al. on how status display diverted resources from reproduction, limiting dilution of wealth, sustaining inequality. econpapers.repec.org/paper/cesceswp… But aristocratic families did have lots of surviving children most of which were downwardly mobile.
Anthropic interest income of $2.3 billion exceeds operating loss of $1.3 billion in first 9 months of 2026!
Just downloaded the Anthropic IPO Australian prospectus. 542 pages!