Links for 23rd April, 2019

  1. “Obviously, there are many more novels and memoirs that mention long lists of books than are included here, but I’m limited, as ever, by time, availability of data, and the demands of maintaining sanity. So below, please find twelve books that are filled to the gills with mentions of other books, and feel free to add further suggestions in the comments.”
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    If you, like me, are fond of bookmarking lists that will prove to be useful at some undefined point of time in the future, you might find this useful. Books that contain lists of other books worth reading is an interesting enough article by itself – as an academician, I’d argue it’s the very best way to include a bibliography.
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  2. “Alas, if only healthcare policy were so simple. The reality is messy and there is no magic bullet. Singapore’s success in healthcare is built on a panoply of measures developed and refined over decades. The measures employ a variety of policy tools that both individually and collectively target the market and government failures afflict the healthcare sector. For a comprehensive understanding of health policy in Singapore, we need to understand all the policy tools used and how they operate individually and in relation to each other.”
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    A very readable PDF about what makes Singapore’s healthcare system so very awesome. Truly worth a read to find out how it evolved, and as an Indian, to understand how far we have to go.
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  3. ““You will hardly find women with wombs in these villages. These are villages of womb-less women,” says Manda Ugale, gloom in her eyes. Sitting in her tiny house in Hajipur village, in the drought-affected Beed district of Maharashtra’s Marathwada region, she struggles to talk about the painful topic.”
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    Speaking of a long way to go
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  4. “Facebook’s powerful network effects have kept advertisers from fleeing, and overall user numbers remain healthy if you include people on Insta­gram, which Facebook owns. But the company’s original culture and mission kept creating a set of brutal debts that came due with regularity over the past 16 months. The company floundered, dissembled, and apologized. Even when it told the truth, people didn’t believe it. Critics appeared on all sides, demanding changes that ranged from the essential to the contradictory to the impossible. As crises multiplied and diverged, even the company’s own solutions began to cannibalize each other.”
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    A very long article about the troubles at Facebook, but you can never read too much about the how’s and what’s at Facebook.
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  5. “If that’s an equally unpleasant prospect, consider Andreessen, who’s 47, the perfect messenger. From showy check-writing to weaponizing his popular blog and (before Trump) Twitter account to hiring an army of operational experts in a field built on low-key partnerships, he’s one of Silicon Valley’s poster boys for upending the rules. And it’s worked: In one decade, Andreessen Horowitz joined the elite VC gatekeepers of Silicon Valley while generating $10 billion-plus in estimated profits, at least on paper, to its investors. Over the next year or so, expect no less than five of its unicorns—Airbnb, Lyft, PagerDuty, Pinterest and Slack—to go public.”
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    a16z is a firm everybody should know more about – this article helps. By the way, their podcast is good as well.
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Links for 19th February, 2019

  1. “…granted, most supply has moved to Facebook and other social networks; it is no longer possible to build a viable web business with display ads. At the same time, the web is still as open as can be, which means there is room for new business models like subscriptions, a model that has only gotten started and is already producing far better content than the old mass market media model every (sic) did”
    The always excellent Stratechery blog on Spotify moving into the podcasting business. Read this to understand how pricing works in the world of the internet, and how an ad-based business is going to be difficult to sustain.
  2. “Goodhart’s law states that once a social or economic measure is turned into a target for policy, it will lose any information content that had qualified it to play such a role in the first place.”
    A current favorite of mine as an example: students must attend at least 75% of all classes in a semester assumes that a student will auto-magically learn once in class – for that is the reason behind the 75% attendance requirement. Do read, though. I’m sure you can think of a million different applications.
  3. “The constitution ensured that the Senate could protect the people against themselves, and simultaneously ensured that the Framers armored the Senate against the people. Should America be too Democratic, and grant too much power to the House, Madison worried that government would have a propensity “to yield to the impulse of sudden and violent passions, and to be seduced by factitious leaders into intemperate and pernicious resolutions.””
    As an Indian, I enjoyed reading this as a reminder of the thinking behind the Rajya Sabha and the Lok Sabha. And which is why I’d recommend you read it too!
  4. “What these results suggest is the headline inflation – expected to be in the 3% handle in the near future – will eventually start converging, over a 12-month period, towards core inflation which is currently running above 5%. If this were to come to pass, space for any monetary policy easing cycle – notwithstanding a one-off cute in February or April this year – would virtually evaporate.”
    Expect there to be an intense discussion about the differences between headline (overall) and core (overall minus fuel and food) inflation. This article is a decent analysis of the link between the two in the past, and today.
  5. “Consider Ms. Nishimasa’s daily routine. The preschool her two youngest children attend requires the family to keep daily journals recording their temperatures and what they eat twice a day, along with descriptions of their moods, sleeping hours and playtime. On top of that, her 8-year-old son’s elementary school and after-school tutoring class require that a parent personally signs off on every homework assignment.”
    A fascinating read from the NYT, to help us better understand the culture that is Japan.