Via Mostly Economics, a fascinating write-up on the Sindhis of Gibraltar. You might also want to read this book on a somewhat similar theme. Mostly Economics, by the way, is a must follow blog. I found this hilarious write-up via that blog.
The smartest people also tend to be the loneliest ones. Or is it cities I’m talking about?
The always excellent Dani Rodrik on the always excellent Santiago Levy
I listened to the podcast I mentioned earlier, where Barry Ritholtz interviewed Dr. Raife Giovinazzo, and there was a lovely story towards the end about how Dr. Giovinazzo tried to short Amazon in 1998. That story is what I was reminded of when I read this article about China’s Global Energy Interconnection. A lot of people would have liked to, if they could, short China’s political system and its implications for China and the world. But as 2. above mentions, the advantage of China’s system is that of time. One drawback of democracy is that it is (very) analogous to having to meet quarterly expectations. And that has made, and is making, in China’s case, all the difference in the world.