Dan Ariely earns the lead spot in this week’s Miscellany. In an essay published in last Friday’s Wall Street Journal, he explains, “Why We Lie.”
I’ve been refining my thoughts on financial psychopathy, and Ariely’s research is consistent with my emerging theory.
Jim Peterson of re:Balance delivers bad news in, “Inaction Prevails Again — The European Parliament Defers on the Auditors.”
I’ve written time and time again about how the audit model is fatally flawed. Auditor opinions provide almost no information and almost no protection to investors seeking credible financial information upon which to base their decisions.
I got my hopes up when Michael Barnier came upon the scene and introduced proposals that for the first time in decades had a chance of improving audits. I knew it was a long shot, but what the heck?
It looks like big audit will win again, which means that investors will lose again.
Kevin Slavin is a physicist who works as a Wall Street quant. Quants develop mathematical and computer models for high volume stock trading.
His TED Talk is mesmerizing.
Paul Barnwell has been there, done that, and apparently won’t do it again. His essay at Education Week Teacher reveals a different perspective in, “Why Twitter and Facebook Are Not Good Instructional Tools.”
OnlineCollege.org has a nice story, “15 Flipped Classrooms We Can Learn From.”
Debit and credit – – David Albrecht