Mahia Pepper

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Hedge Fund Manager Profited From Death Arbitrage

A vital function of the financial system is to shift risk, but that is mostly a euphemism. Finance can't make risks go away, or even really move them all that much. When the financial system shifts the risk of X happening from Y to Z, all that means is that Z gives Y money if X happens. If X was …

Investing

It may be the end of hedge funds as we know it

These investors take big risks betting on the market, but the reward has usually been pretty significant.<p>Let's not forget, five hedge fund managers made over $1 billion in 2015.<p>Based on recent outlooks, however, the reign of these "masters" may be coming to an end.<p>Everywhere you look, it appears …

Investing

These Are the Countries Where Millennials Will Work Themselves to Death

Some millennials may never get to experience the joys of playing bocce and telling kids to get off their lawn, as 12 percent of Americans between the …

The real reason that so many women have to spend so much time getting ready

Before 8 a.m., I have often already applied seven products to my face -- face wash, tinted moisturizer, eyeliner, mascara and more.<p>And I don’t think I’m terribly fussy, or alone. In an effort to appear polished and professional, many American women -- not all, of course, but many -- spend a huge …

There’s No Such Thing as Free Will

But we’re better off believing in it anyway.<p>For centuries, philosophers and theologians have almost unanimously held that civilization as we know it depends on a widespread belief in free will—and that losing this belief could be calamitous. Our codes of ethics, for example, assume that we can …

Consciousness

People Favor Naturals Over Strivers — Even Though They Say Otherwise

Our society is deeply conflicted about the source of excellence. On one hand, we are fascinated with child prodigies, portraying them as wonders of nature. On the other hand, we love a good “overcoming adversity” story, as it inspires us all to greatness.<p>But when it comes down to actually making …

What to do with billions of useless humans?

It is no news that machines have come to largely replace physical labor and computers surpass human beings in processing data. But in the future, the …

Recruitment, Resumes, Interviews: How the Hiring Process Favors Elites

For those who didn't go to prestigious schools, don't come from money, and aren't interested in sports and booze—it's near impossible to gain access to the best paying jobs.<p>As income inequality in the U.S. strikes historic highs, many people are starting to feel that the American dream is either …

Employment

Bubble Indemnity

When Silicon Valley venture capitalists get themselves into image trouble, it’s usually because they’ve been too candid with their low estimate of other people’s intelligence. For example, after India recently prevented Facebook from offering free Internet service there, Marc Andreessen suggested …

What Is Social Anxiety?

In the age of the digital hermit, a psychologist explains what it means to avoid other people—and what to do about it.<p>People today might not actually be avoiding social interaction any more than they did in past decades, but they’re certainly more vocal about it. The rise of digital communication …

Depression

The High Price of a Free College Education in Sweden

Here's why Swedish college students still graduate with a ton of debt.<p>Swedish colleges and universities are free. Yep. Totally free.<p>But students there still end up with a lot of debt. The average at the beginning of 2013 was roughly 124,000 Swedish krona ($19,000). Sure, the average US student was …

People watch Netflix more than they hang out with their friends, exercise, and read

Netflix made binge-watching a phenomenon, and it has become a big part of our lives.<p>According to consulting firm Deloitte, 70% of US consumers now …

4 Factors That Predict Startup Success, and One That Doesn’t

What makes a venture capital investment successful? Some of the most interesting data on this question comes from an analysis published last year by the venture capital firm First Round Capital. The firm’s unique data set comprises information on over 300 companies and nearly 600 founders, …

After analyzing 200 founders' postmortems, researchers say these are the reasons startups fail

It’s a common adage in Silicon Valley that 90% of startups ultimately fail. To understand why that’s the case, a pair of researchers meticulously pored over 193 blog posts—startup postmortems, if you will—written by founders examining what went wrong.<p>It was a heartwrenching experience for Kerry …

Startups

Inside the Secret Meeting Where Wall Street Tested Digital Cash

On a recent Monday in April, more than 100 executives from some of the world’s largest financial institutions gathered for a private meeting at the …

Why Luck Matters More Than You Might Think

When people see themselves as self-made, they tend to be less generous and public-spirited.<p>I’m a lucky man. Perhaps the most extreme example of my considerable good fortune occurred one chilly Ithaca morning in November 2007, while I was playing tennis with my longtime friend and collaborator, the …

Wall Street

HustleBrag: How Working Nonstop Has Become The Latest Badge of Honor

Humblebrag: Subtly letting others now about how fantastic your life is while undercutting it with a bit of self-effacing humor or “woe is me” gloss.<p><i>ex: Uggggh just ate about fifteen pieces of chocolate gotta learn to control myself when flying first class or they’ll cancel my modelling contract LOL</i> …

The Secret Shame of Middle-Class Americans

Nearly half of Americans would have trouble finding $400 to pay for an emergency. I’m one of them.<p>Since 2013, the Federal Reserve Board has conducted a survey to “monitor the financial and economic status of American consumers.” Most of the data in the latest survey, frankly, are less than …

Personal Finance

The Bribe Factory

EXCLUSIVE<p>WORLD’S BIGGEST BRIBE SCANDAL<p>PART 1<p>Unaoil: THE COMPANY THAT BRIBED THE WORLD<p>In the list of the world's great companies, Unaoil is nowhere to …

How to Hack an Election

Andrés Sepúlveda rigged elections throughout Latin America for almost a decade. He tells his story for the first time.<p>By Jordan Robertson, Michael …

For one group of people, seeing friends decreases happiness

It might seem obvious that, for most people, happiness is positively correlated with friendships. But a paper published last month in the British Journal of Psychology found one notable exception: Extremely intelligent people become less happy when they spend more time with their …

Why do we work so hard?

Ryan Avent reckons that our jobs have become prisons from which we don’t want to escape<p>W<b>hen I was</b> young, there was nothing so bad as being asked to …

A scientist calculated the cost of not being a straight man, and she wants a tax cut

Vivienne Ming, a serial entrepreneur, theoretical neuroscientist, and Big Data specialist, likes crunching numbers. For three years, she has calculated the cost of being different—that is, how much harder do you have to work as a woman, or as a gay man, to get the same jobs and the promotions as a …

Entrepreneurship

What Google Learned From Its Quest to Build the Perfect Team

<b>Like most 25-year-olds,</b> Julia Rozovsky wasn’t sure what she wanted to do with her life. She had worked at a consulting firm, but it wasn’t a good match. Then she became a researcher for two professors at Harvard, which was interesting but lonely. Maybe a big corporation would be a better fit. Or …

Leadership

Global Venture Capital Distribution

Richard Florida published some stats on the distribution of global venture capital investment last week. His work focused on 2012 numbers so the data …

Venture Capital

How to Raise a Creative Child. Step One: Back Off

THEY learn to read at age 2, play Bach at 4, breeze through calculus at 6, and speak foreign languages fluently by 8. Their classmates shudder with envy; their parents rejoice at winning the lottery. But to paraphrase T. S. Eliot, their careers tend to end not with a bang, but with a …

Why Do Harvard Kids Head to Wall Street?

<i>By James Kwak</i><p>That’s the title of a post a couple weeks ago by Ezra Klein, in which he interviewed a friend of his who went to Wall Street after …

Decades After Disappearing From Australia, a CIA-Linked Fugitive is Found in Idaho

<i>This story was co-published with the Daily Beast.</i>It was one of the greatest disappearing acts of modern times. Amidst a swirl of allegations and …

Corruption

The trust machine

BITCOIN has a bad reputation. The decentralised digital cryptocurrency, powered by a vast computer network, is notorious for the wild fluctuations in …