How did America—a country dedicated to the proposition that all men are created equal—become one of the most unequal countries on the planet? Why do the nation’s leaders now spend so much of their time feeding at the trough and getting ever more for themselves? Why has public-mindedness in our leaders given way in so many instances to limitless greed?
Michael Mauboussin, managing director and head of Global Financial Strategies at Credit Suisse, wrote an report exploring:
[T]he applicability of freestyle chess to the world of investing, where fundamental analysts are “man” and quantitative analysts are “machine.” More pointedly, might there be a way that investors can combine the strengths of fundamental and quantitative analysis while sidestepping the weaknesses?
As the number of spectators swelled to more than 6,000 this past Sunday during the final, the success of the league was even greater than the founders had imagined, according to Grandmaster (GM) Alejandro Ramirez. “The number of viewers showed that chess can compete with any eSport,” said Ramirez.
We are developing the idea of a Millionaire Freestyle Chess Tournament as a vehicle of exploring better investment strategies, in addition to exploring Garry Kasparov’s ideas of using the decision-making process of chess as a model for understanding and improving our decision-making everywhere else and how we have discarded innovation and creativity in exchange for a steady supply of marketable products.
Michael Mauboussin Head of Global Financial Strategies, Credit Suisse
We are conducting interviews for our upcoming documentary addressing inequity called I Could Be….
Michael Mauboussin, prior to rejoining Credit Suisse in 2013, was Chief Investment Strategist at Legg Mason Capital Management. He is a former president of the Consumer Analyst Group of New York and was repeatedly named to Institutional Investor’s All-America Research Team and The Wall StreetJournal All-Star survey in the food industry group.
Michael has been an adjunct professor of finance at Columbia Business School since 1993 and is on the faculty of the Heilbrunn Center for Graham and Dodd Investing. In 2009, Michael received the Dean’s Award for Teaching Excellence. BusinessWeek’s Guide to the Best Business Schools (2001) highlighted Michael as one of the school’s “Outstanding Faculty,” a distinction received by only seven professors.
Michael earned an A.B. from Georgetown University. He is also chairman of the board of trustees of the Santa Fe Institute, a leading center for multi-disciplinary research in complex systems theory.
Akai Gurley was shot and killed in a Brooklyn building by Peter Liang, a probationary police officer.
On Thursday, November 21st, probationary Officer Peter Liang shot and killed Akai Gurley in the stairwell of a Brooklyn housing project. A recent FBI Annual Uniform Crime Report determined that killings by police are the highest they’ve been in two decades. In 2013, there were 461 “justifiable homicides” by police which is most likely a significant undercount. In addition, this number would not include a killing such as Akai Gurley which will most likely be classified as “accidental.” The 461 “justifiable homicides” in 2013 doubles the number of people lynched in 1892 when there were 230 lynchings, the highest lynching totals in American history.
As we mourn the death of another person killed at the hands of police officers, we should examine the underlying culture that is responsible for these mass killings. In dealing with culture, one of the most important concepts to understand is something called implicit bias. Below is a definition provided by Kirwan Institute.
Defining Implicit Bias
Also known as implicit social cognition, implicit bias refers to the attitudes or stereotypes that affect our understanding, actions, and decisions in an unconscious manner. These biases, which encompass both favorable and unfavorable assessments, are activated involuntarily and without an individual’s awareness or intentional control. Residing deep in the subconscious, these biases are different from known biases that individuals may choose to conceal for the purposes of social and/or political correctness. Rather, implicit biases are not accessible through introspection.
We are working on the idea of a government contracting forum series for women-owned businesses in Larchmont. The series will help women, obtain government contracts at every level of government: school board, local, county, state, and federal.
The focus for the first forum on Saturday, May 16th will be how to obtain a contract with the Mamaroneck Union Free School District. Their 2014-2015 budget is $131 million with $429,000 for equipment, $13.5 million for purchased services, and $2.3 million for materials and supplies.
At this forum we will also be exploring how to replicate the DC Central Kitchen model locally to train local people to provide healthy food to local school districts.
One important issue in this process is that millions of GMO Meals are served to our children in American schools each day. These meals also contain food dyes, pesticides, synthetic chemicals and high fructose corn syrup which have been linked to diabetes, autism, food allergies, ADHD and auto immune diseases.
An article from the Institute for Responsible Technology talks to the issue of serving young people healthy food:
Before the Appleton Wisconsin high school replaced their cafeteria’s processed foods with wholesome, nutritious food, the school was described as out-of-control. There were weapons violations, student disruptions, and a cop on duty full-time. After the change in school meals, the students were calm, focused, and orderly. There were no more weapons violations, and no suicides, expulsions, dropouts, or drug violations. The new diet and improved behavior has lasted for seven years, and now other schools are changing their meal programs with similar results.