Zenpundit has mentioned several times that he is a big fan of lifting weights. Over the past several months, Jonathan and myself have also begun lifting. Being a competitive bunch we decided to make a gentlemen’s wager on who could lift the largest atlas stone. We made a video and have used false identities so as not to draw attention to ourselves, being the modest persons that we are. I hope you enjoy the video as much as we did making it.
Humor
Diminishing Marginal Utility and Joe Satriani
When I was in graduate school I taught accounting to undergraduates. Accounting is arcane and so I struggled to find analogies that my students could understand.
For instance, the classic accounting equation is assets = liabilities plus equity. This being the 80’s, I could assume that consumers had some equity in their houses or cars… so I would use a newly purchased car as an example. If you buy a car for $12,000 and put $1000 down and owed $11,000 you could then use the $12,000 = $11,000 + $1,000 model. Now I realize that the more savvy purchasers out there will realize that a car driven off the lot loses a substantial portion of its value almost instantly, so maybe the value is really $10,000 and then the model has a negative equity of ($1,000), but I wouldn’t start the classes out here.
Time to go shopping?
