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All you can do is try to hire honest people
Fancy this: racetracks that keep 93% of your money and return only 5% in winning tickets. They wouldn’t last long, not unless they could somehow rig the rules to both forbid price competition and make the purchase of race bets mandatory. That’s more or less what the title insurance industry has done to American homeowners Leave a comment 1What should you do if your true calling is gaming the system?
Charles Darwin was 22 when he received an invitation to travel aboard the HMS Beagle as a naturalist. It was only because he was otherwise unoccupied, to a degree that alarmed his family, that he could accept it. And yet if he hadn't we probably would not know his name.http://paulgraham.they should have more self-respect
In some ways, [compensation of a "super-manager" ...i] s more like the income of an ancien regime tax farmer, or an Ottoman timariot, than the income of a roofer, nurse's aid, computer programmer, or even an architect. (Actually, the analogy with the timariot grows on me the more I think about it. The timariot didn't own his timar, he couldn't sell ( Read more... )Effective drug law enforcement.
Well, about three weeks later he called me and he said that the problem is over, that they had reacted. They had found the people, and he said that we "didn't have any problem anymore in Panama." I asked him, "Well, what did you do? Are they in jail?" He said, "No. we got them in a helicopter and took them out to the cannery, on one of the islands ( Read more... )Even in the world of academia, most people aren't motivated by the truth.
What they want, above all, is not to be bored ( Read more... )Tax havens protect these people ... by providing a secure place to hide their assets
On the question of people needing to protect their cash from tyrants, Mitchell might like to answer this. Who uses secrecy jurisdictions to protect their money and bolster their positions? The human rights activist, screaming in the torturers’ dungeons? The brave investigative journalist? The street protester? Or the brutal, corrupt, kleptocratic ( Read more... )How much does it matter what message a city sends?
One sign of a city's potential as a technology center is the number of restaurants that still require jackets for men. According to Zagat's there are none in San Francisco, LA, Boston, or Seattle, 4 in DC, 6 in Chicago, 8 in London, 13 in New York, and 20 in Paris.http://paulgraham.com/
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