Unorthodox Prize

A couple of years ago, an anonymous family foundation launched a call for “extraordinary and unorthodox” philanthropic opportunities. We wrote critically about this at the time, but the winner of the contest turned out to be GiveDirectly (currently our #2 … [CLICK TO READ MORE]

Broad Market Efficiency

It’s common to debate how “efficient” financial markets are. Broadly speaking, an “efficient” market is one in which the participants are quick to spot profit-making opportunities, so that prices quickly adjust to reflect available information and it’s very difficult for … [CLICK TO READ MORE]