Marginal Gains Quotes

You can’t trauma-proof life, and you can’t hurt-proof your relationships. You have to accept you will cause harm to yourself and others. But you can also fuck up, really badly, and not learn anything from it except that you fucked up. It’s the same with oppression. You don’t gain any special knowledge from being marginalized. But you do gain something from stepping outside your hurt and examining the scaffolding of your oppression.

Marginal gains is not about making small changes and hoping they fly. Rather, it is about breaking down a big problem into small parts in order to rigorously establish what works and what doesn't.

the aggregation of marginal gains,” which was the philosophy of searching for a tiny margin of improvement in everything you do.

I have scavenged for ways to put down roots here. I am perfroming the precise rituals required. Still, I have no idea how to claim the promised land, to gain any semblance of acceptance among its people. And I realize this is probably how I will always live--slinking around the margins--even on my own property.

Marginal gain can be technical, physical, practical, operational, and even psychological. In the film Any Given Sunday, the Al Pacino character calls it ‘Inches’: —— You find out that life is just a game of inches. So is football. Because in either game, life or football, the margin for error is so small . . . On this team, we fight for that inch. On this team, we tear ourselves, and everyone around us to pieces for that inch . . . Cause we know when we add up all those inches that’s going to make the fucking difference between WINNING and LOSING.

One of the central loves of my life is coaching and supporting other writers. Specifically, writers who identify as BIPOC, sick/Mad/disabled, queer/trans, femme, working-class/poor, or some or all of the above. I want marginalized writers to get our writing in the world, and I believe in sharing the skills I’ve gained over the past two decades of being a working writer, writing teacher and editor to help us get there.

To Be the Famous..." To be the famous isn’t attractive, Not this could ever elevate, You needn’t to make your archive active, You needn’t your scripts to be all saved. Self-offering’s aimed by creation, But ballyhoo or cheap success, It is a shame, if worthless persons Are talks of towns’ populace. But you’ve to live without phony, To live such life that, after all, To gain love of the space symphony, And answer to the future’s call, And oft to leave gaps in your traces In fate, but in the papers, crooked, To mark the chapters and main places On margins of your being’s book, To fully sink in the unknown, And hide in it your own steps Like hide itself, if mist is grown, The whole landscape of the place. The others, by the living traces, Will pass your way through, bit by bit, But wins and losses of your battles You have not to discern on it. You’ve never – not by fate or folly – To lose an atom of your face, But – be alive, alive and only, Alive and only, till your last.

Marginal gains is not about making small changes and hoping they fly. Rather, it is about breaking down a big problem into small parts in order to rigorously establish what works and what doesn’t. Ultimately the approach emerges from a basic property of empirical evidence: to find out if something is working, you must isolate its effect. Controlled experimentation is inherently “marginal” in character.

But not to know error is to lie, is to spit up poison through the harrowing margins of weakened mineral campaigns. It is the deeply filtered and the wretched who deny this, who test themselves with exoteric perfection, who turn their branded melodias to simple outward gain. In contrast to the rotation of immensity, to the treble glare of inward cyclical rarity, such outward wit carries less than the power of negation.

The marginal gains approach is not just about mechanistic iteration. You need judgment and creativity to determine how to find solutions to what the data is telling you, but those judgments, in turn, are tested as part of the next optimization loop. Creativity not guided by a feedback mechanism is little more than white noise. Success is a complex interplay between creativity and measurement, the two operating together, the two sides of the optimization loop.

There’s never been much love lost between literature and the marketplace. The consumer economy loves a product that sells at a premium, wears out quickly or is susceptible to regular improvement, and offers with each improvement some marginal gain in usefulness. To an economy like this, news that stays news is not merely an inferior product; it’s an antithetical product. A classic work of literature is inexpensive, infinitely reusable, and, worst of all, unimprovable.

Many conservatives have succumbed to the heresy of Economism, a mirror-Marxism that holds that man is an economic animal, that free trade and free markets are the path to peace, prosperity, and happiness, that if we can only get the marginal tax rates right and the capital gains tax abolished, Paradise—Dow 36,000!—is at hand. But when the income tax rate for the wealthiest was above 90 percent in the 1950s, America, by every moral and social indicator, was a better country.

There is no clearer illustration of the importance of ideas to politics than the emergence of an Arab state under the Prophet Muhammad. The Arab tribes played an utterly marginal role in world history until that point; it was only Muhammad’s charismatic authority that allowed them to unify and project their power throughout the Middle East and North Africa. The tribes had no economic base to speak of; they gained economic power through the interaction of religious ideas and military organization, and then were able to take over agricultural societies that did produce surpluses.

The hearts of many on the Right are in cutting marginal tax rates and eliminating the capital gains tax. Good causes to be sure. But what doth it profit a man if he gain the whole world and suffer the loss of his country? Is whether the GDP rises at 2 or 3 or 4 percent as important as whether or not Western civilization endures and we remain one nation under God and one people? With the collapsing birthrate, open borders, and the triumph of an anti-Western multiculturalism, that is what is at issue today — the survival of America as a nation, separate and unique, and of Western civilization itself — and too many conservatives have gone AWOL in the last great fight of our lives.

If you persuade liberalism that its dismissive marginalizing of religious discourse is a violation of its own chief principle, all you will gain is the right to sit down at liberalism’s table where before you were denied an invitation; but it will still be liberalism’s table that you are sitting at, and the etiquette of the conversation will still be hers.

Freddie has always loved mornings. She likes the margin she gains when she’s the first awake. She likes the way the back lawn outside the window looks rested and raked. She likes the way half the kitchen is dark. The sun through the skylight makes lazy shadows of trees across the wood floors, and she wanders around the house as if she has just discovered it.

we need a more capacious model of love. In this model, love is not predicated on sharing each other’s world as we might share a soul. It is predicated, instead, on sharing it as we might share a story. This analogy is not accidental. What is true of a story is true of love: for either one to work, you’d better be good at talking and good at listening. Likewise, if stories only succeed when we consent to suspend disbelief, relationships require of us something similar: the ability to let go of our own worldview long enough to be intrigued and moved by someone else’s. This is storybook love in a whole different sense of the phrase. It is not about living idyllically in our similarities, but about living peacefully and pleasurably in our differences. It is not bestowed from beyond the normal human realm but struggled for and gained, slowly and with effort. And it is not about unchanging love. It is about letting love change us.

Bridge requires a continual effort to assess probabilities in at best marginally knowable situations, and players need to make hundreds of decisions in a single session, often balancing expected gains and losses. But players must also continually make peace with good decisions that lead to bad outcomes, both one’s own decisions and those of a partner. Just this peacemaking skill is required if one is to invest wisely in an unknowable world. —RICHARD ZECKHAUSER, 2006

You can’t trauma-proof life, and you can’t hurt-proof your relationships. You have to accept you will cause harm to yourself and others. But you can also fuck up, really badly, and not learn anything from it except that you fucked up. It’s the same with oppression. You don’t gain any special knowledge from being marginalized. But you do gain something from stepping outside your hurt and examining the scaffolding of your oppression. You’ll find the weak joints, the things you can kick in.

To whom should we listen? The loudest voices? The most educated? The formerly marginalized? The formerly powerful? Those with the most retweets? Those who have traditionally spoken for God are now looked at askance by many people, and with good reason. Too often they’ve used their Christian platform for political and military gain. They’ve forgotten that the story of God, exemplified in Jesus, is an abdication of power. It’s a story of self-limitation and humility. It’s a story lived in solidarity with those at the margins. To whom should we listen? To Jesus on the cross.

Many unlearning racism workshops focus on helping white individuals to see that they too are wounded by racism and as a consequence have something to gain from participating in anti-racist struggle. While in some ways true, a construction of political solidarity that is rooted in a narrative of shared victimization not only acts to recenter whites, it risks obscuring the particular ways racist domination impacts on the lives of marginalized groups. Implicit in the assumption that even those who are privileged via racist hierarchy suffer is the notion that it is only when those in power get in touch with how they too are victimized will they rebel against structures of domination. The truth is that many folks benefit greatly from dominating others and are not suffering a wound that is in any way similar to the condition of the exploited and oppressed. Anti-racist work that tries to get these individuals to see themselves as "victimized" by racism in the hopes that this will act as an intervention is a misguided strategy. And indeed we must be willing to acknowledge that individuals of great privilege who are in no way victimized are capable, via their political choices, of working on behalf of the oppressed. Such solidarity does not need to be rooted in shared experience. It can be based on one's political and ethical understanding of racism and one's rejection of domination.

The fact that the world today is what it is suggests, to say the least, that this concept is far from being cherished universally. The reasons for its unpopularity are twofold. First, what is required for this concept to be put into effect is a margin of democracy. This is precisely what 86 percent of the globe lacks. Second, the common sense that tells a victim that his only gain in turning the other cheek and not responding in kind yields, at best, a moral victory, i.e., quite immaterial. The natural reluctance to expose yet another part of your body to a blow is justified by a suspicion that this sort of conduct only agitates and enhances Evil; that moral victory can be mistaken by the adversary for his impunity.

From World War II until 1981 the top marginal income tax rate never fell below 70 percent. Under President Dwight Eisenhower, a Republican whom no one ever accused of being a socialist, the top rate was 91 percent. Even after all deductions and credits, Americans with incomes of over $1 million (in today’s dollars) paid a top marginal rate, on average, of 52 percent. As recently as the late 1980s, the top tax rate on capital gains was 35 percent. But as income and wealth have accumulated at the top, so has the political power to reduce taxes. The Bush tax cuts of 2001 and 2003, which were extended for two years in December 2010, capped top rates at 35 percent, their lowest level in more than half a century, and reduced capital gains taxes to 15 percent.

These neighborhood was our first home as a community but, once Italians began to gain status as “full” Americans, they moved out of the communities that they co-habited with other immigrants and people of color. The rootedness in this community shifted into a dissention of difference and of privilege. In order for Italian-Americans to mark their new social location under assumed “Whiteness,” they had to make a physical move away from the marginal communities of color. The discussion ended in my favor but would mark the beginning of a long struggle of unpacking the internalized oppression and discrimination that marked my family’s identity of “White”-working class-Italian-Americans learning to assimilate while keeping their hyphenated identity. Learning to build bridges between my different borders and my passions has been a continual process for me.

Working fifty hours a week instead of forty would significantly reduce a worker’s leisure time in relative terms, but would also increase that worker’s income in relative terms. From any individual’s perspective, this would count as a net gain, since survey evidence reveals relative leisure to be less important than relative income.41 But others could of course follow suit, causing that advantage to prove ephemeral. Further support for this interpretation comes from survey evidence regarding the preferences of professional workers, who are not subject to the overtime provisions of the Fair Labor Standards Act. The economists Renée Landers, James Rebitzer, and Lowell Taylor asked associates in large law firms which they would prefer: their current situation, or an otherwise similar one with an across-the-board cut of 10 percent in both hours and pay.42 By an overwhelming margin, respondents chose the latter. But they were not willing to choose that option unless their colleagues also did so.

These georgoi in turn shaped the ideals, institutions, and culture that gave rise to the polis. Unlike any prior civilization, the culture of the Greek polis combined citizen militias with the rule of law. That involved having a broad middle class of independent small landowners that met in assemblies where the votes of these nonelite determined laws, and foreign and domestic policy. These smallholders gained in status as population growth in the ninth and eighth centuries forced an agricultural revolution. Labor-intensive farming of marginal lands came to replace the Dark Age pastoral economy. This required a growth in private landownership, which motivated georgoi to assume the risks involved in cultivating land that was unproductive using traditional farming techniques. These farmers created the ritual of hoplite warfare to decide disputes in a manner that did not contradict their agrarian agenda. The georgoi and their agrarian ideology became the driving force behind the hoplite revolution during the early seventh century.

Throughout history, white women have chosen racial solidarity with white men over gender solidarity with women of color in an attempt to gain access to the fruits of capitalist triumph. An alternative to that erroneous path is to choose solidarity with other women, other mothers in particular: to seek the resonances between our lives so that we may begin to repair the gaps. Erich Fromm wrote 'Important and radical changes are necessary if love is to become a social and not highly individualistic, marginal phenomenon.' I asked Erin Spahr of the Perinatal Mood Disorders clinic at Johns Hopkins what her strategies were for low-income women of color versus upper-middle-class white women. She responded that in all cases, she tried to validate the woman's experience. She tried to provide a sense of safety, to help the woman discover her own fears o that she could be present emotionally for her child. She listened. This is a form of love- a space between people, for confessions and hopes and flaws, and for the seed of solidarity to germinate.

Once again, in response to a major disruption in the prevailing racial order—this time the civil rights gains of the 1960s—a new system of racialized social control was created by exploiting the vulnerabilities and racial resentments of poor and working-class whites. More than 2 million people found themselves behind bars at the turn of the twenty-first century, and millions more were relegated to the margins of mainstream society, banished to a political and social space not unlike Jim Crow, where discrimination in employment, housing, and access to education was perfectly legal, and where they could be denied the right to vote. The system functioned relatively automatically, and the prevailing system of racial meanings, identities, and ideologies already seemed natural. Ninety percent of those admitted to prison for drug offenses in many states were black or Latino, yet the mass incarceration of communities of color was explained in race-neutral terms, an adaptation to the needs and demands of the current political climate. The New Jim Crow was born.

The tragedy of Central Appalachia is that it is becoming more marginalized in American life just when the country needs more than ever what it has to offer. At a time when the bonds of community and family are visibly failing and people feel more alone than ever, and as they are bombarded from all sides with more demands, and with more "data" that they can possibly digest, Appalachia offers a model for a less frenetic and more measured way of life. People of Appalachian descent elsewhere in the nation-and they number many millions-still feel deep ties to some Appalachian hamlet or hollow as to an ancestral homeland, though they may never have even visited it. As they make their way in the big world of getting and spending they know that something valuable has been lost for all they may have gained. That less frenetic way of life is deeply embedded in Appalachian culture, which has proved incredibly tough and enduring. Yet Appalachia has now been so thoroughly bypassed and forgotten that it cannot give, because the rest of America will not take, what could be it's greatest gift.

Conflict can be seen as time-competitive observation-orientation-decision-action cycles. Each party to a conflict begins by observing. He observes himself, his physical surroundings and his enemy. On the basis of his observation, he orients, that is to say, he makes a mental image or “snapshot” of his situation. On the basis of this orientation, he makes a decision. He puts the decision into effect, i.e., he acts. Then, because he assumes his action has changed the situation, he observes again, and starts the process anew. His actions follow this cycle, sometimes called the “Boyd Cycle” or “00DA Loop.” If one side in a conflict can consistently go through the Boyd Cycle faster than the other, it gains a tremendous advantage. By the time the slower side acts, the faster side is doing something different from what he observed, and his action is inappropriate. With each cycle, the slower party’s action is inappropriate by a larger time margin. Even though he desperately strives to do something that will work, each action is less useful than its predecessor; he falls farther and farther behind. Ultimately, he ceases to be effective.

Nonconformity is an affront to those in the mainstream. Our impulse is to dismiss this lifestyle, create reasons why it can’t work, why it doesn’t even warrant consideration. Why not? Living outdoors is cheap and can be afforded by a half year of marginal employment. They can’t buy things that most of us have, but what they lose in possessions, they gain in freedom. In Somerset Maugham’s The Razor’s Edge, lead character Larry returns from the First World War and declares that he would like to “loaf.”23 The term “loafing” inadequately describes the life he would spend traveling, studying, searching for meaning, and even laboring. Larry meets with the disapproval of peers and would-be mentors: “Common sense assured…that if you wanted to get on in this world, you must accept its conventions, and not to do what everybody else did clearly pointed to instability.” Larry had an inheritance that enabled him to live modestly and pursue his dreams. Larry’s acquaintances didn’t fear the consequences of his failure; they feared his failure to conform. I’m no maverick. Upon leaving college I dove into the workforce, eager to have my own stuff and a job to pay for it. Parents approved, bosses gave raises, and my friends could relate. The approval, the comforts, the commitments wound themselves around me like invisible threads. When my life stayed the course, I wouldn’t even feel them binding. Then I would waiver enough to sense the growing entrapment, the taming of my life in which I had been complicit. Working a nine-to-five job took more energy than I had expected, leaving less time to pursue diverse interests. I grew to detest the statement “I am a…” with the sentence completed by an occupational title. Self-help books emphasize “defining priorities” and “staying focused,” euphemisms for specialization and stifling spontaneity. Our vision becomes so narrow that risk is trying a new brand of cereal, and adventure is watching a new sitcom. Over time I have elevated my opinion of nonconformity nearly to the level of an obligation. We should have a bias toward doing activities that we don’t normally do to keep loose the moorings of society. Hiking the AT is “pointless.” What life is not “pointless”? Is it not pointless to work paycheck to paycheck just to conform? Hiking the AT before joining the workforce was an opportunity not taken. Doing it in retirement would be sensible; doing it at this time in my life is abnormal, and therein lay the appeal. I want to make my life less ordinary.

War is the province of chance. In no sphere of human activity is such a margin to be left for this intruder, because none is so much in constant contact with him on all sides. He increases the uncertainty of every circumstance, and deranges the course of events. From this uncertainty of all intelligence and suppositions, this continual interposition of chance, the actor in War constantly finds things different from his expectations; and this cannot fail to have an influence on his plans, or at least on the presumptions connected with these plans. If this influence is so great as to render the pre-determined plan completely nugatory, then, as a rule, a new one must be substituted in its place; but at the moment the necessary data are often wanting for this, because in the course of action circumstances press for immediate decision, and allow no time to look about for fresh data, often not enough for mature consideration. But it more often happens that the correction of one premise, and the knowledge of chance events which have arisen, are not sufficient to overthrow our plans completely, but only suffice to produce hesitation. Our knowledge of circumstances has increased, but our uncertainty, instead of having diminished, has only increased. The reason of this is, that we do not gain all our experience at once, but by degrees; thus our determinations continue to be assailed incessantly by fresh experience; and the mind, if we may use the expression, must always be “under arms”.

As the scandal spread and gained momentum, Cardinal Law found himself on the cover of Newsweek, and the Church in crisis became grist for the echo chamber of talk radio and all-news cable stations. The image of TV reporters doing live shots from outside klieg-lit churches and rectories became a staple of the eleven o’clock news. Confidentiality deals, designed to contain the Church’s scandal and maintain privacy for embarrassed victims, began to evaporate as those who had been attacked learned that the priests who had assaulted them had been put in positions where they could attack others too. There were stories about clergy sex abuse in virtually every state in the Union. The scandal reached Ireland, Mexico, Austria, France, Chile, Australia, and Poland, the homeland of the Pope. A poll done for the Washington Post, ABC News, and Beliefnet.com showed that a growing majority of Catholics were critical of the way their Church was handling the crisis. Seven in ten called it a major problem that demanded immediate attention. Hidden for so long, the financial price of the Church’s negligence was astonishing. At least two dioceses said they had been pushed to the brink of bankruptcy after being abandoned by their insurance companies. In the past twenty years, according to some estimates, the cost to pay legal settlements to those victimized by the clergy was as much as $1.3 billion. Now the meter was running faster. Hundreds of people with fresh charges of abuse began to contact lawyers. By April 2002, Cardinal Law was under siege and in seclusion in his mansion in Boston, where he was heckled by protesters, satirized by cartoonists, lampooned by late-night comics, and marginalized by a wide majority of his congregation that simply wanted him out. In mid-April, Law secretly flew to Rome, where he discussed resigning with the Pope.

Our political discourse has degenerated into anxieties about whether giving benefits to those people over there will take money out of the pockets of my kind of people over here, even when the changes are those from which we would all benefit." "The church is one of the few remaining institutions in the American scene that normalizes the effects of slavery, with most Christians preserving these segregated spaces in the interests of cultural comfort. Racially separate churches violate the interdependence that should characterize authentic Christian communities. Further, this individualism blocks churches from the blessings of gifts preserved in separate traditions. For example, segregated white churches celebrate the confessions and the rich legacies of the intellectual giants of the faith, but too often preach a weak and disembodied gospel that reduces spirituality to symbolism, and that separates material concerns from moral choices and the pursuit of righteousness." "Indeed, we have reached a sad state of affairs when we are all unwilling to be challenged when we go to church." "We should not move too quickly to a cheap reconciliation that forgets the past rather than honoring it as a clay vessel that contains a refined treasure bearing witness to the presence of Jesus at the margins. We need to make space for the histories of ethnic pain to be shared and revered among whites and all peoples of color, and to be instructed by them. That is, we need to understand how our past impinges on the present before we can move forward together toward our future. We cannot be who we are called to be unless we can gain access to the treasures of the gospel that have been preserved in the separate traditions of now segregated ethnic churches. We will not testify to the glory of God and the manifold riches of his mercy to the nations until we do.

How they pile the poor little craft mast-high with fine clothes and big houses; with useless servants, and a host of swell friends that do not care twopence for them, and that they do not care three ha’pence for; with expensive entertainments that nobody enjoys, with formalities and fashions, with pretence and ostentation, and with—oh, heaviest, maddest lumber of all!—the dread of what will my neighbour think, with luxuries that only cloy, with pleasures that bore, with empty show that, like the criminal’s iron crown of yore, makes to bleed and swoon the aching head that wears it! It is lumber, man—all lumber! Throw it overboard. It makes the boat so heavy to pull, you nearly faint at the oars. It makes it so cumbersome and dangerous to manage, you never know a moment’s freedom from anxiety and care, never gain a moment’s rest for dreamy laziness—no time to watch the windy shadows skimming lightly o’er the shallows, or the glittering sunbeams flitting in and out among the ripples, or the great trees by the margin looking down at their own image, or the woods all green and golden, or the lilies white and yellow, or the sombre-waving rushes, or the sedges, or the orchis, or the blue forget-me-nots. Throw the lumber over, man! Let your boat of life be light, packed with only what you need—a homely home and simple pleasures, one or two friends, worth the name, someone to love and someone to love you, a cat, a dog, and a pipe or two, enough to eat and enough to wear, and a little more than enough to drink; for thirst is a dangerous thing. You will find the boat easier to pull then, and it will not be so liable to upset, and it will not matter so much if it does upset; good, plain merchandise will stand water. You will have time to think as well as to work. Time to drink in life’s sunshine—time to listen to the Æolian music that the wind of God draws from the human heart-strings around us—time to—

A mine is anonymous, a crude weapon. Partisans like using mines because of the peculiar nature of their struggle, which makes the landscape uncertain. The anarch is not tempted by them, if only because he is oriented to facts, not ideas. He fights alone, as a free man, and would never dream of sacrificing himself to having one inadequacy supplant another and a new regime triumph over the old one. In this sense, he is closer to the philistine; the baker whose chief concern is to bake good bread; the peasant, who works his plough while armies march across his fields. The anarch is a forest rebel, the partisans are a collective. I have observed their quarrels as both a historian and a contemporary. Stuffy air, unclear ideas, lethal energy, which ultimately puts abdicated monarchs and retired generals back in the saddle – and they then show their gratitude by liquidating those selfsame partisans. I had to love certain ones, because they loved freedom, even though the cause did not deserve their sacrifice; this made me sad. If I love freedom above all else, then any commitment becomes a metaphor, a symbol. This touches on the difference between the forest rebel and the partisan: this distinction is not qualitative but essential in nature. The anarch is closer to Being. The partisan moves within the social or national party structure, the anarch is outside of it. Of course, the anarch cannot elude the party structure, since he lives in society. The difference will be obvious when I go to my forest shack while my Lebanese joins the partisans. I will then not only hold on to my essential freedom, but also gain its full and visible enjoyment. The Lebanese, by contrast, will shift only within society; he will become dependent on a different group, which will get an even tighter hold on him. Naturally, I could just as well or just as badly serve the partisans rather than the Condor – a notion I have toyed with. Either way, I remain the same, inwardly untouched. It makes no difference that it is more dangerous siding with the partisans than with the tyrant; I love danger. But as a historian, I want danger to stand out sharply. Murder and treason, pillage and fire, and vendetta are of scant interest for the historian; they render long stretches of history – say, Corsican – unfruitful. Tribal history becomes significant only when, as in the Teutoburger Wald, it manifests itself as world history. Then names and dates shine. The partisan operates on the margins; he serves the great powers, which arm him with weapons and slogans. Soon after the victory, he becomes a nuisance. Should he decide to maintain the role of idealist, he is made to see reason. In Eumeswil, where ideas vegetate, the process is even more wretched. As soon as a group has coalesced, ‘one of Twelve’ is bound to consider betrayal. He is then killed, often merely on suspicion. At the night bar, I heard the Domo mention such a case to the Condor. ‘He could have gotten off more cheaply with us,’ he commented. ‘Muddle heads – I’ll take the gangsters anytime: they know their business.’ I entered this in my notebook. In conclusion, I would like to repeat that I do not fancy myself as anything special for being an anarch. My emotions are no different from those of the average man. Perhaps I have pondered this relationship a bit more carefully and am conscious of a freedom to which ‘basically’ everybody is entitled – a freedom that more or less dictates his actions.

Here we introduce the nation's first great communications monopolist, whose reign provides history's first lesson in the power and peril of concentrated control over the flow of information. Western Union's man was one Rutherford B. Hates, an obscure Ohio politician described by a contemporary journalist as "a third rate nonentity." But the firm and its partner newswire, the Associated Press, wanted Hayes in office, for several reasons. Hayes was a close friend of William Henry Smith, a former politician who was now the key political operator at the Associated Press. More generally, since the Civil War, the Republican Party and the telegraph industry had enjoyed a special relationship, in part because much of what were eventually Western Union's lines were built by the Union Army. So making Hayes president was the goal, but how was the telegram in Reid's hand key to achieving it? The media and communications industries are regularly accused of trying to influence politics, but what went on in the 1870s was of a wholly different order from anything we could imagine today. At the time, Western Union was the exclusive owner of the nationwide telegraph network, and the sizable Associated Press was the unique source for "instant" national or European news. (It's later competitor, the United Press, which would be founded on the U.S. Post Office's new telegraph lines, did not yet exist.) The Associated Press took advantage of its economies of scale to produce millions of lines of copy a year and, apart from local news, its product was the mainstay of many American newspapers. With the common law notion of "common carriage" deemed inapplicable, and the latter day concept of "net neutrality" not yet imagined, Western Union carried Associated Press reports exclusively. Working closely with the Republican Party and avowedly Republican papers like The New York Times (the ideal of an unbiased press would not be established for some time, and the minting of the Time's liberal bona fides would take longer still), they did what they could to throw the election to Hayes. It was easy: the AP ran story after story about what an honest man Hayes was, what a good governor he had been, or just whatever he happened to be doing that day. It omitted any scandals related to Hayes, and it declined to run positive stories about his rivals (James Blaine in the primary, Samuel Tilden in the general). But beyond routine favoritism, late that Election Day Western Union offered the Hayes campaign a secret weapon that would come to light only much later. Hayes, far from being the front-runner, had gained the Republican nomination only on the seventh ballot. But as the polls closed his persistence appeared a waste of time, for Tilden, the Democrat, held a clear advantage in the popular vote (by a margin of over 250,000) and seemed headed for victory according to most early returns; by some accounts Hayes privately conceded defeat. But late that night, Reid, the New York Times editor, alerted the Republican Party that the Democrats, despite extensive intimidation of Republican supporters, remained unsure of their victory in the South. The GOP sent some telegrams of its own to the Republican governors in the South with special instructions for manipulating state electoral commissions. As a result the Hayes campaign abruptly claimed victory, resulting in an electoral dispute that would make Bush v. Gore seem a garden party. After a few brutal months, the Democrats relented, allowing Hayes the presidency — in exchange, most historians believe, for the removal of federal troops from the South, effectively ending Reconstruction. The full history of the 1876 election is complex, and the power of th

you'll wonder again, later, why so many psychologists remain so vocal about having more and better training than anyone else in the field when every psychologist you've ever met but one will also have lacked these identification skills entirely when it seems nearly every psychologist you meet has no real ability to detect deception. You will wonder, later, why the assessment training appears to have been reserved for the CIA and the FBI is it because we as a society don't want to imagine that any other professionals will need the skills? And what about attorneys? What about training programs for guardian ad litems or anyone involved in approving care for all the already traumatized and marginalized children? You'll have met enough of those children after they grow up to know that when a small girl experiences repeated rapes in a series of households throughout her childhood, then that little girl is pretty likely to have some sort of "dysfunction" when she grows up. And you won't have any tolerance for the people who point their fingers at her and demand that she be as capable as they are it is, after all, a free country. We all get the same opportunities. You'll want to scream at all those equality people that you can't ignore the rights of this nation's children you can't ignore them and then get pissed when any raped and beaten little girls and boys grow up to be traumatized and perhaps hurtful or addicted adults. No more pointing fingers only a few random traumatized people stand up later as some miraculous example of perfectly acceptable societal success and if every judgmental person imagines that I would be like that I would be the one to break through the barriers then all those judgmental people need to go back in time and prove it, prove to everyone that life is a choice and we all get equal chances. You'll want anyone who talks about equal chances to go back and be born addicted to drugs in complete poverty and then to be dropped into a foster system that's designed for good but exploited by people who lack a conscience by people who rape and molest and whip and beat tiny little six year olds and then you will want all those people to come out of all that still talking about equal chances and their personal tremendous success. Thank you, dear God, for writing my name on the palm of your hand. You will be angry and yet you still won't understand the concept of evil. You'll learn enough to know that it's not politically correct to call anyone evil, especially when many terrible acts might actually stem from a physiological deficit I would never use the word evil, it's not professional but you will certainly come to understand that many of the very worst crimes are committed by people who lack the capacity to feel remorse for what they've done on any level. But when you gain that understanding, you still will not have learned that these individuals are more likable than most people that they aren't cool and distant that they aren't just a select few creepy murderers or high-profile con artists you won't know how to look for a lack of conscience in noncriminal and quite normal looking populations no clinical professors will have warned you about people who exude charm and talk excessively about protecting the family or protecting the community or protecting our way of life and you won't know that these types would ever stick around to raise kids you will have falsely believed that if they can't form real attachments, they won't bother with raising children and besides most of them will end up in prison you will not know that your assumptions are completely erroneous you won't understand that many who lack a conscience keep their kids close and tight for their own purposes.

ON JULY 1, 2006, Cory Booker officially took office as the new mayor of Newark. He’d gained fame in the late ’90s as a city councilman who would sleep in a tent at city housing projects, hold hunger strikes and live on food stamps, patrol bad neighborhoods himself and physically confront the dealers holding down their corners. His victory was the first regime change in two decades, and it happened only after six years of near-bloody battling between the young, charismatic, light-skinned, Stanford-Yale-Oxford-educated upstart and the old, grizzled, but equally charismatic incumbent. The tension between Cory Booker and Sharpe James had been national news for most of the ’00s. The 2002 election, which Booker lost, was documented in the Oscar-nominated Streetfight, which between talking head interviews showed intense footage of the predominantly poor, black constituents who ardently supported James’s altercating with the working-class whites and Puerto Ricans who fought for Booker and his eloquent calls for public service and revitalization. The documentary was a near-perfect picture of a specific place and time: the declining city at risk of being left behind, the shoulder-height view of the vast number of problems in play, and the presentation of two equal and opposing paths forward whose backers were split almost definitively along socioeconomic lines. The 2002 election had been beyond combative; a riot nearly broke out when Booker showed up at a street basketball tournament that Sharpe James was already attending, and James called Booker “a Republican who took money from the KKK and the Taliban . . . who’s collaborating with the Jews to take over Newark.” When James—who was constantly being investigated for various alleged corruptions—won the election by a margin of 53 percent to 47 percent, his victory seemed to cement Newark’s representation of “permanent poverty,” a culture of violence and corruption (at least if you subscribed to the New York Times).

These are not marginal or idiosyncratic categories of income (although the need to translate from tax categories to moral ones inevitably introduces judgment and imprecision into any accounting). Founder’s shares, carried interest, and executive stock compensation give nominally capital gains a substantial component of labor income, especially among the very rich. To begin with, roughly half of the twenty-five largest American fortunes, according to Forbes, arise from founder’s stock still held by the founders who built the firms. Moreover, the share of total capital gains income reported to the Treasury that is attributable to carried interest alone—to the labor of hedge fund managers—has grown by a factor of perhaps ten in the past two decades and now comprises a material share of all the capital gains reported by one-percenters. And over the past twenty years, roughly half of all CEO compensation across the S&P 1500 has taken the form of stock or stock options. Pensions and housing also contribute substantially to top incomes today, roughly doubling the shares that they contributed in the 1960s. Once again, the data cannot sustain precise measurements, but these forms of labor income, taken together, plausibly comprise roughly another third of top incomes, sitting atop the roughly half of top incomes attributable to labor on even the most conservative accounting. The data therefore confirm—top-down—the narrative of labor income that bubbles up from a survey of elite jobs. Both the top 1 percent and even the top 0.1 percent today receive between two-thirds and three-quarters of their income in exchange not for land, machines, or financing but rather for deploying their own effort and skill. The richest person out of every hundred in the United States today, and indeed the richest person out of every thousand, now literally works for a living.

Brailsford had been hired to put British Cycling on a new trajectory. What made him different from previous coaches was his relentless commitment to a strategy that he referred to as “the aggregation of marginal gains,” which was the philosophy of searching for a tiny margin of improvement in everything you do. Brailsford said, “The whole principle came from the idea that if you broke down everything you could think of that goes into riding a bike, and then improve it by 1 percent, you will get a significant increase when you put them all together.

By giving the double dose to the more seriously injured person, we bring about a situation in which there is less difference in the degree of suffering felt by the two victims than there would be if we gave one dose to each. Instead of ending up with one person in considerable pain and one in no pain, we end up with two people in slight pain. This is in line with the principle of declining marginal utility, a principle well-known to economists, which states that the more someone has of something, the less she will gain from an additional quantity of it.

Casteism is the investment in keeping the hierarchy as it is in order to maintain your own ranking, advantage, privilege, or to elevate yourself above others or keep others beneath you. For those in the marginalized castes, casteism can mean seeking to keep those on your disfavored rung from gaining on you, to curry the favor and remain in the good graces of the dominant caste, all of which serve to keep the structure intact.

Without rejecting white privilege, the captives of Barbary were able to gain a critical distance that allowed for a sober reevaluation of one of their country’s most controversial institutions: the enslavement of African Americans. Berman wonders if the captives’ experiences in North Africa “opened up a space in the American cultural imaginary, however slender and provisional, that incorporated marginalized groups into the phantasm of national citizenship.

where a = accumulated future value, p = principal or present value, r = rate of return in percentage terms, and n = number of compounding periods. All too often, management teams focus on the r variable in this equation. They seek instant gratification, with high profit margins and high growth in reported earnings per share (EPS) in the near term, as opposed to initiatives that would lead to a much more valuable business many years down the line. This causes many management teams to pass on investments that would create long-term value but would cause “accounting numbers” to look bad in the short term. Pressure from analysts can inadvertently incentivize companies to make as much money as possible off their present customers to report good quarterly numbers, instead of offering a fair price that creates enduring goodwill and a long-term win–win relationship for all stakeholders. The businesses that buy commodities and sell brands and have strong pricing power (typically depicted by high gross margins) should always remember that possessing pricing power is like having access to a large amount of credit. You may have it in abundance, but you must use it sparingly. Having pricing power doesn’t mean you exercise it right away. Consumer surplus is a great strategy, especially for subscription-based business models in which management should primarily focus on habit formation and making renewals a no-brainer. Most businesses fail to appreciate this delicate trade-off between high short-term profitability and the longevity accorded to the business through disciplined pricing and offering great customer value. The few businesses that do understand this trade-off always display “pain today, gain tomorrow” thinking in their daily decisions.

Some of you may view your investment policies on a shorter term basis. For your convenience, we include our usual table indicating the gains from compounding $100,000 at various rates: This table indicates the financial advantages of: 1. A long life (in the erudite vocabulary of the financial sophisticate this is referred to as the Methuselah Technique) 2. A high compound rate 3. A combination of both (especially recommended by this author) To be observed are the enormous benefits produced by relatively small gains in the annual earnings rate. This explains our attitude which while hopeful of achieving a striking margin of superiority over average investment results, nevertheless, regards every percentage point of investment return above average as having real meaning.

None of these practices is earth-shattering in isolation. But remember: it’s the aggregation of marginal gains that’s so powerful. Moreover, the modest benefits generated by smart habits continue to compound over many years.

To understand a concept or idea better Students new to economics sometimes struggle to grasp the concept of the marginal propensity to consume (abbreviated as MPC). MPC is the proportion of additional disposable income (income after taxes and transfers) that an individual consumes. Even harder to understand is what a specific numerical value for MPC implies. In such situations, it helps to go to extreme cases to gain some intuitive feel for what the numbers mean. In this case, since the MPC is a proportion, the two extremes are 0 and 1. An MPC of 0 means that if an individual received an extra $100 of income, she would spend none of it. Think of Warren Buffett. He already has plenty of money to consume what he wants. If Berkshire Hathaway were to pay him an extra $100, he would not change his consumption. At the other extreme, an MPC of 1 means that if an individual received an extra $100 of disposable income, he would spend it all. Think of someone in extreme poverty. An extra $100 could go immediately to satisfy his basic needs. These extreme cases can help ground our understanding of MPC.[2]

the aggregation of marginal gains,” which was the philosophy of searching for a tiny margin of improvement in everything you do. Brailsford said, “The whole principle came from the idea that if you broke down everything you could think of that goes into riding a bike, and then improve it by 1 percent, you will get a significant increase when you put them all together.

aggregation of marginal gains,

the aggregation of marginal gains,

Pennsylvania, which joined North Carolina as one of the maps most often condemned as a partisan gerrymander during the 2010s, voted for President Obama twice giving him a ten-point edge in 2008 and half that margin four years later, as shown in table 5.4. At the time of the redistricting the state had a Republican and a Democratic senator and a Republican governor. The 2010 GOP wave reversed the congressional delegation from twelve Democrats and seven Republicans to a 12–7 Republican majority. The GOP-controlled legislature that redrew the state had to eliminate a district and in doing so it set out to consolidate the gains made in 2010. The new plan assessed the lost seat against the Democrats but also managed to create a thirteenth GOP district leaving Democrats with only five seats. The Brennan Center for Justice estimated that the plan netted the GOP four more seats

Both major political parties, the Democrats and the Republicans, have moved further to the left and right of the political spectrum, respectively. This has resulted in a decline in bipartisanship and a rise in political tribalism. This has created an environment where compromise and pragmatic solutions are often seen as betrayals of core principles, further exacerbating the divide between the two parties. In this climate, more extreme voices have gained prominence, and the political center has been increasingly marginalized. Social media and the 24-hour news cycle have further contributed to this polarization, as politicians and voters are exposed to echo chambers that reinforce their pre-existing beliefs and demonize those who hold opposing views.

In a freely competitive market, one might have expected the lowest-cost oil supplies to be developed first to the highest degree possible while higher-cost resources would be abandoned until depletion of cheap oil made room for them at a higher price point. Under this kind of competitive structure, Saudi Arabia, Iraq, and the other Gulf producers, whose lowest-cost reserves represent two-thirds of proven world reserves, could have increased their levels of investment and produced a vastly higher amount of oil. Instead, OPEC generally tried to hold oil prices up to maximize revenues over two years. In effect, OPEC had to choose between higher prices or higher market share. They chose the former. The New York University energy economist Dermot Gately noted in a 2004 paper that it was not in OPEC’s collective interests to meet rising demand for oil. He calculated that it made no sense for the cartel to add oil supplies into the market because the marginal gain in revenue from more output would be negative.

Sir David Brailsford was a coach hired to revitalize British cycling. He did so by committing to what he called “the aggregation of marginal gains,” or a small improvement in a lot of areas. In his words: “The whole principle came from the idea that if you broke down everything you could think of that goes into riding a bike, and then improve it by 1 percent, you will get a significant increase when you put them all together.

the aggregation of marginal gains,” which was the philosophy of searching for a tiny margin of improvement in everything you do. Brailsford said, “The whole principle came from the idea that if you broke down everything you could think of that goes into riding a bike, and then improve it by 1 percent, you will get a significant increase when you put them all together.”4

Mr. Constant," he said, "right now you’re as easy for the Bureau of Internal Revenue to watch as a man on a street corner selling apples and pears. But just imagine how hard you would be to watch if you had a whole office building jammed to the rafters with industrial bureaucrats—men who lose things and use the wrong forms and create new forms and demand everything in quintuplicate, and who understand perhaps a third of what is said to them; who habitually give misleading answers in order to gain time in which to think, who make decisions only when forced to, and who then cover their tracks; who make perfectly honest mistakes in addition and subtraction, who call meetings whenever they feel lonely, who write memos whenever they feel unloved; men who never throw anything away unless they think it could get them fired. A single industrial bureaucrat, if he is sufficiently vital and nervous, should be able to create a ton of meaningless papers a year for the Bureau of Internal Revenue to examine. In the Magnum Opus Building, we will have thousands of them! And you and I can have the top two stories, and you can go on keeping track of what’s really going on the way you do now." He looked around the room. "How do you keep track now, by the way— writing with a burnt match on the margins of a telephone directory?

I wrote early on about the benefits that come from seeking out extreme users and why the most compelling insights often come from looking outward, to the edges of the market. The objective is not so much to design for these marginal, outlying populations as to gain inspiration from their passion, their knowledge, or simply the extremity of their circumstances.

In February 2010, Ad Age reported that Wal-Mart had consolidated its stocked range of food bags from three brands, Ziploc, Glad and Hefty, down to the market leader, Ziploc, and their own Great Value private label offering.3 Pactiv, the makers of Hefty, gained the consolation prize of the contract to manufacture the Great Value products, whereas the owners of Glad lost their entire food bag business in Wal-Mart. Wal-Mart could do this easily as, unlike many other retailers, they consolidate all manufacturer payments into the buying price and pass on most of the benefit to the shopper in lower prices. Retailers who take manufacturer payments to their bottom line are sometimes unwilling to give up the short-term benefit of such payments for the longer-term return of better margins from their private label. The secondary brands that are targeted by private label are usually big payers of trade spend to make up for their lower level of consumer appeal versus the top brands.

Another activity that isn’t celebrated as charity is what Robin has called “marginal charity.”65 Here the idea is to nudge our personal decisions just slightly (marginally) in the direction that’s beneficial to others. Normally we try to optimize for our own private gain. When a property development firm is planning to build a new apartment complex, for example, they’ll crunch a few numbers to determine the most profitable height for the building—10 stories, say. But what’s optimal for the developer isn’t necessarily optimal for the neighborhood. Regulations, for example, might make it difficult to get building permits, which can result in housing shortages. So if the developer built 11 stories instead of 10, it would reduce their profit by only a tiny amount, but it would add a bunch of new apartments to the neighborhood.

There is an ongoing debate in the political, scientific and business world about whether to focus on the bold leaps that lead to new conceptual terrain, or on the marginal gains that help to optimise one’s existing fundamental assumptions. Is it about testing small assumptions or big ones; is it about transforming the world or tweaking it; is it about considering the big picture (the so-called gestalt) or the fine detail (the margins)?

Questions to ask when analyzing a business Business - How does the company make money? - Does it seem like it should be a good business? Is it competitive? Do suppliers have too much power? Do customers value the product? Are there substitutes? - Without looking at financials, how does the company seem like it has done against competitors in its industry in terms of executing on its vision? - What reputation does the management team have? Do they seem honest? Straightforward? Valuation - What is the company's P/E multiple? Is it high or low for its industry? For the overall market right now? Why might the stock be trading at this valuation? - What is the company's free-cash flow yield? Is this a relevant metric given the stage the company is in? How does it compare to similar companies? - Is the company growing faster or more slowly than other companies with similar multiples? - Based on the number alone, does the company seem to have a rich valuation or a cheap valuation? Why might this be the case? Financials - What has been the trajectory of revenue growth over the past ten years? Why? What is it expected to do in the future? - How has the company's industry been growing? Is the company gaining or losing share in its industry? - What is the company’s level of profit margins? How does it compare to other companies in its industry? - How have margins varied over the past ten years? Why? - What percentage  of the company's costs are fixed costs versus variable costs? - What is the company's historical return on capital? Why is it high/low? What does this say about the quality of the business? - What is the trend in returns on capital? Why? What does this say about the returns the company will have to make on its future investments? - What is the company's dividend policy? Why? If they are paying no dividend or a small dividend, is there a danger that the company's management will waste shareholder's money? Technical - How have the company's shares performed against the overall market and its industry over the past twelve months? - What seems to be driving this under/over performance? - What key news events are likely to impact the stock in the future? - Do mutual funds and other large institutional investors seem to be buying or selling the shares? Sentiment and Expectations - What are the consensus earnings estimates for the next quarter and year? Do they seem aggressive or conservative? - Does consensus opinion seem overly bullish or bearish about the company's future prospects? - What insight do you have that the market might be missing that will cause the shares to appreciate?

gaining shelfspace has become a more strategic challenge for manufacturers. Shelfspace has to be won by planning product offerings to satisfy not just consumers’ needs but also the retailers’ objectives. Because the retailer is overwhelmed with offerings that claim to have consumer appeal – that is now a given – it is in being seen to best meet the retailers’ needs that has become the battleground. Store management wants to increase category sales, improve average margins, provide a good range to shoppers and perhaps offer exclusive products, all the while looking to increase operational efficiency and reduce inventory costs by minimising the number of lines stocked and the workload involved in getting products on the shelf. Manufacturers now have to win shelfspace by working through these complex and sometimes conflicting needs.

through forensic focus on margin by customers and offering higher-margin customised malt solutions, 90 per cent of the impressive earnings improvement was derived from organic growth.

this was always the ‘low-hanging fruit’. The real challenge for the next few years is how to re-establish a profitable presence for our major brands like Hardys and Houghton in the US market, and how to ensure our fair share in the rapidly expanding and healthy margin Chinese market.

For the seller, selling based on price is like heroin. The short-term gain is fantastic, but the more you do it, the harder it becomes to kick the habit. Once buyers get used to paying a lower-than-average price for a product or service, it is very hard to get them to pay more. And the sellers, facing overwhelming pressure to push prices lower and lower in order to compete, find their margins cut slimmer and slimmer.

The Lockean logic of custom suggests strongly that open-source hackers observe the customs they do in order to defend some kind of expected return from their effort. The return must be more significant than the effort of homesteading projects, the cost of maintaining version histories that document “chain of title”, and the time cost of making public notifications and waiting before taking adverse possession of an orphaned project. Furthermore, the “yield” from open source must be something more than simply the use of the software, something else that would be compromised or diluted by forking. If use were the only issue, there would be no taboo against forking, and open-source ownership would not resemble land tenure at all. In fact, this alternate world (where use is the only yield, and forking is unproblematic) is the one implied by existing open-source licenses. We can eliminate some candidate kinds of yield right away. Because you can’t coerce effectively over a network connection, seeking power is right out. Likewise, the open-source culture doesn’t have anything much resembling money or an internal scarcity economy, so hackers cannot be pursuing anything very closely analogous to material wealth (e.g. the accumulation of scarcity tokens). There is one way that open-source activity can help people become wealthier, however — a way that provides a valuable clue to what actually motivates it. Occasionally, the reputation one gains in the hacker culture can spill over into the real world in economically significant ways. It can get you a better job offer, or a consulting contract, or a book deal. This kind of side effect, however, is at best rare and marginal for most hackers; far too much so to make it convincing as a sole explanation, even if we ignore the repeated protestations by hackers that they’re doing what they do not for money but out of idealism or love. However, the way such economic side effects are mediated is worth examination.

Promotion stocks came to the retailer ahead of the rest of the market. Also, they usually got an extra lot even after the end of the promotion Newly launched products came to the retailer first. The customers got more choice, faster, leading to favourable word-of-mouth publicity Local display and consumer sampling budgets were always directed liberally at the retailer Vendors ensured that no slow moving inventory was stuck in the retailer’s stores; they wanted nothing to choke the pipeline The retailer also received the best in-class margin from the distributor If some items were in short supply, the vendor would ensure the retailer was the last one to go out of stock In effect, the consumers found more products, fresher stocks and more promotions in the retailer’s stores compared to the general market. This wasn’t something actively created by either the vendors or the retailer, but was a byproduct of good trading practices. Just one move based on a trading community insight— everyone has less money in the bank than needed — hurled the retailer into a virtuous growth cycle, with all the vendors pushing in one direction, with them. Most people in the business would not give a second look at changing these trading practices. If the payment norm is eight days why modify it? Surely the wholesalers, too, know what they’re letting themselves in for? And the vast volumes offered by organised retail should offset the stress of extending credit. Isn’t that how it works? One retailer managed to peep behind the curtain of wholesaler business practices and understood what a boon more money in the bank was to the trade. And look at the gains they reaped for this seemingly insignificant insight!

If the technology platforms of the First and Second Industrial Revolutions aided in the severing and enclosing of the Earth’s myriad ecological interdependencies for market exchange and personal gain, the IoT platform of the Third Industrial Revolution reverses the process. What makes the IoT a disruptive technology in the way we organize economic life is that it helps humanity reintegrate itself into the complex choreography of the biosphere, and by doing so, dramatically increases productivity without compromising the ecological relationships that govern the planet. Using less of the Earth’s resources more efficiently and productively in a circular economy and making the transition from carbon-based fuels to renewable energies are defining features of the emerging economic paradigm. In the new era, we each become a node in the nervous system of the biosphere.

Lev Davidovich contemplated the Norwegian landscape and, as he would write shortly afterward, made a silent tally of his exile, to confirm that the losses and frustrations were many more than the doubtful gains. Nine years of marginalization and attacks had managed to turn him into a pariah, a new wandering Jew sentenced to ridicule and the anticipation of a terrible death that would arrive when the humiliation had exhausted its usefulness and quota for sadism. He was leaving Europe, perhaps forever - and with it the corpses of so many comrades and the tombs of his two daughters. With him, he took the faint hope that Liova and Sergei would be able to resist and, at least, escape that whirlwind with their lives intact; they were leaving the illusions, the past, the glory, and the ghosts including those of the revolution for which he had fought for so many years. 'But with me, I am also taking life,' he would write, 'and as beaten down as they think I am, while I still breathe, I have not been defeated.' P. 198

Indeed we rarely look at religion’s benefits in limiting the intervention bias and its iatrogenics: in a large set of circumstances (marginal disease), anything that takes you away from the doctor and allows you to do nothing (hence gives nature a chance to do its work) will be beneficial. So

Rushing to optimize before the bottlenecks are known may be the only error to have ruined more designs than feature creep. From tortured code to incomprehensible data layouts, the results of obsessing about speed or memory or disk usage at the expense of transparency and simplicity are everywhere. They spawn innumerable bugs and cost millions of man-hours—often, just to get marginal gains in the use of some resource much less expensive than debugging time. Disturbingly often, premature local optimization actually hinders global optimization (and hence reduces overall performance). A prematurely optimized portion of a design frequently interferes with changes that would have much higher payoffs across the whole design, so you end up with both inferior performance and excessively complex code.

Creating space to even contemplate the edge is an act of daring in our over-full world. When life is too full, the first step in margin writing is to create a space to breathe and read and gain perspective. Even then, with that bold step, fear can still persist. Once we have space, we don’t always know what to do with it. That space forces us to go deeper—within our heart and into the heart of God. Because we do not know and cannot control what we might unearth in that space, we avoid that sanctuary of sorts at all costs. We fill our lives too full to the brim because we flee the broad range of emotions God asks us to engage. Do we have space for joy? Room for despair? The capacity to lament? The discipline of confession? A place to be refreshed? If we can enter into the sacred space of the margins, then perhaps—with a little push from the divine secrets of harmonious page design—we might even find a place to dance lightly on the edges and design our lives accordingly.

Hear David Swensen, widely respected chief investment officer of the Yale University Endowment Fund. “A minuscule 4 percent of funds produce market-beating after-tax results with a scant 0.6 percent (annual) margin of gain. The 96 percent of funds that fail to meet or beat the Vanguard 500 Index Fund lose by a wealth-destroying margin of 4.8 percent per annum.

Stock investors should expect periods of time when equities do not make money after inflation. It is the nature of investment risk. This is also why time in the market is critical to stock investors. In the long run, equities have outpaced inflation by a wide margin, and they are expected to remain one of the best real return investments in the future. You have to stay invested during all market conditions to benefit from the gains. U.S.

World War, known at the time as “The Great War”, was a four-year conflict that spanned the globe––involving thirty-two countries in total. It was an unforeseen war that resulted from a series of calamities that broke the delicate arrangement of European powers, and ended with the loss of over eleven million military personnel and seven million civilians. What had started as a diplomatic feud brought on by the assassination of a monarch erupted into a conflict that engulfed the world and changed the map of Europe - forever. The war brought about revolution; it ended empires, dissolved monarchies and led to the development of war machines that play a crucial role in the modern conflicts of today. It was thought at the time that the war wouldn’t last more than a few months, and that victory would be won easily and without much cost. However as the months turned into years and the war spread like hell-fire, it scorched Europe and surrounding continents. Entire cities were leveled, genocides were committed and exploited for strategic advantage, and all sides were hit with immense losses. The war quickly became one of attrition, with mass slaughter the strategy and marginal gains the result. It was a new war being fought with old tactics, an industrialized grinding machine that ended the lives of so many.

Many unlearning racism workshops focus on helping white individuals to see that they too are wounded by racism and as a consequence have something to gain from participating in anti-racist struggle. While in some ways true, a construction of political solidarity that is rooted in a narrative of shared victimization not only acts to recenter whites, it risks obscuring the particular ways racist domination impacts on the lives of marginalized groups. Implicit in the assumption that even those who are privileged via racist hierarchy suffer is the notion that it is only when those in power get in touch with how they too are victimized will they rebel against structures of domination. The truth is that many folks benefit greatly from dominating others and are not suffering a wound that is in any way similar to the condition of the exploited and oppressed. Anti-racist work that tries to get these individuals to see themselves as "victimized" by racism in the hopes that this will act as an intervention is a misguided strategy. And indeed we must be willing to acknowledge that individuals of great privilege who are in no way victimized are capable, via their political choices, of working on behalf of the oppressed. Such solidarity does not need to be rooted in shared experience. It can be based on one's political and ethical understanding of racism and one's rejection of domination.

the aggregation of marginal gains,” or a small improvement in a lot of areas. In his words: “The whole principle came from the idea that if you broke down everything you could think of that goes into riding a bike, and then improve it by 1 percent, you will get a significant increase when you put them all together.

Perfectionists live in a world where everything must be just right. Optimalists share the same high standards, but also embrace reality. They focus on progress, not perfection, knowing that all the marginal gains compound over time.

The difficulties women faced in gaining the vote, like much of women’s history, are often overlooked or forgotten or marginalized. Many younger women do not even know the story of the movement. It behooves us all to make a concerted effort to commemorate the triumphs of women and to tell their stories to the next generation. Victories cannot be taken for granted. There

the aggregation of marginal gains,” which

Their fight is not against me and you only, but against all humanity, they are afraid of something we do not know! They know, Robert, they know where we come from, where we are going, but they do not want us to know that. Perhaps the first humans knew, and over the years, Satan gained control over us and began to distort our goals in this life, until we became what we are, mere slaves to imaginary systems created by their minds. Nationalities, religions, cultures, races, and everything noble in this world, are distorted by our minds to become a cause of division and a source of conflict and clash, internal wars in which people of the same nationality kill each other due to differences in skin color, or the length of the nose! Watch the march of technical and scientific development! When scientists were able to probe the mysteries of space, this turned into a source of conflict between the great powers! And instead of uniting to go further, their minds froze as we arrived, around the Earth, investing all these technologies in spying, encryption, and communications satellites, to protect ourselves from ourselves! We were drained as well as our time and resources in side struggles. Atomic, nuclear, and hydrogen energy, instead of focusing most of our focus on becoming a source of scientific exploration and jumping towards finding answers, their minds have devised to become an arms race to threaten each other and annihilate each other! The bulk of the discovery has been frozen in Bombs and Weapons! Why does a country have thousands of nuclear and hydrogen bombs? What is the purpose of pushing all these capabilities on this huge number of bombs? A hundred hydrogen bombs are enough to destroy the earth and those on it, but it has become a source of attrition. They are like parasites, Robert, whose job it is to seize control of every discovery, invention, and idea, which will advance us forward, lay their hands on them, freeze and drain them in strife, divisions, and competition with their supposed opponents. Humans do not fight for food or life, they fight for distraction, attrition, and all the other reasons you may hear, beliefs, ideologies, and racism, they are all just excuses our minds have been able to find to mislead us, they are nothing but a cover to hide the reality of our permanent occupation in infighting. We are of three types: A few are enlightened, they control their minds, but they are marginalized, warriors, they have no means. Most are absent, savages, busy with their daily sustenance, tools used by Satan to suppress the few who are enlightened. And the few that Satan has control over them, those who control everything around us, they enslave us. A vast secret purge that takes place in secret, whoever understands, realizes, decides to get out of the box, his fate is in the army of Satan, or death, they will take him to their secret societies, to become one of their soldiers, or get rid of him. They are not ghosts, Robert, they are among us, they have headquarters in various parts of the world, and internal laws, and ranks and ranks of their associates, and internal order. I am not talking about a secret group whose name you have previously heard, blown up by the media, like Freemasonry. No, it is not like this. These groups are nothing but distractions for our work on them, so we keep looking in the wrong place. He was afraid of her words, and he was afraid of what was happening around him recently, and he feared for her, she seemed to believe in every letter of it as if she was repeating a speech she was told, which she memorized by heart. What scared me the most, was that everything she said sounded like Mousa said, quite logical…

What made him different from previous coaches was his relentless commitment to a strategy that he referred to as “the aggregation of marginal gains,” which was the philosophy of searching for a tiny margin of improvement in everything you do. Brailsford said, “The whole principle came from the idea that if you broke down everything you could think of that goes into riding a bike, and then improve it by 1 percent, you will get a significant increase when you put them all together.

Accepting that the Gospels are problematic sources, we can still sketch Jesus's life and teachings. The evidence puts him among the Jewish peasantry of first-century Palestine. He was born ca. 4 BCE, more likely in or around Nazareth than in Bethlehem, given both widespread doubts about the historicity of Matthew's and Luke's Nativity narratives and recognition of their apologetic aims. He came from a family of modest means, spoke Aramaic, and worked as a carpenter or builder. At about age thirty, he was baptized by an itinerant preacher named John, after which he spent one (or more) years in the Galilee, gaining disciples and sometimes teaching in synagogues. By all accounts he moved easily among and displayed great compassion for people at society's margins. He fomented a major disturbance in Jerusalem, for which he was executed. Some of what Jesus taught was already familiar—the Golden Rule (Matt. 7:12) parallels a saying of the Jewish sage Hillel, his elder contemporary—but much represented a distinctive message about "the kingdom of God," a highly disputed term that many researchers understand as a place and time to come in which God will reign supreme. Heavenly or earthly, future or present, the kingdom would be ushered in by the "Son of Man," an apocalyptic figure whom Jesus may—or may not—have identified as himself. The kingdom's advent is imminent and would occasion a catastrophe, leading to a universal judgment of each person's fitness to enter it that would radically remake the social order. Mark 1:15 offers a concise precis: "The time is fulfilled, and the kingdom of God has come, repent, and believe the good news.

Could you evolve into a star? Are you Number Two in a high-growth market - BCG’s ‘question mark’ position? The issue here is simple. Can you overtake the leader? Your chances are greater if: ★ your market share is not far below the leader’s; ★ you are gaining on the leader; ★ the leader makes an unexpected blunder; ★ the niche is young; ★ market positions are volatile and one or two large customers can swing it; ★ the market is growing very fast; ★ you understand the customers in the niche better; ★ even though you are in the same market, your approach is different and customers like it better; ★ your people have better empathy with the customers; ★ your approach has fatter margins than the leader, or would do so if you had the same volume of business; ★ you are better financed than the leader; ★ objective observers say your product is better; ★ the leader’s advantage rests on distribution advantages that you can gradually overcome; ★ key employees from the leader are defecting to you; ★ the leader is only dimly aware of the threat you pose.

Your outcomes are a lagging measure of your habits. Your net worth is a lagging measure of your financial habits. Your weight is a lagging measure of your eating habits. Your knowledge is a lagging measure of your learning habits. Your clutter is a lagging measure of your cleaning habits. You get what you repeat. If you want to predict where you’ll end up in life, all you have to do is follow the curve of tiny gains or tiny losses, and see how your daily choices will compound ten or twenty years down the line. Are you spending less than you earn each month? Are you making it into the gym each week? Are you reading books and learning something new each day? Tiny battles like these are the ones that will define your future self. Time magnifies the margin between success and failure. It will multiply whatever you feed it. Good habits make time your ally. Bad habits make time your enemy.

The hard thing about building software is deciding what to say, not saying it. No facilitation of expression can give more than marginal gains.

The first half of the nineteenth century saw Protestant evangelicalism enter India. And while Christian missions did much good – in education, uplifting the marginalized and exposing failures even of the Company – as far as Indian elites were concerned, they were a thorn in the side. In Travancore, for example, converts from low castes, empowered by their new identity, now aspired to equality with their ex-superiors. As a Dewan argued, by ‘violating the existing social distinctions’, the new Christians were bound to ‘annoy the high castes’, who demanded retribution. For generations, battles would be fought on dress, access to roads, temples, and even government buildings, and much of the reform Travancore grew famous for owed to this tension with missionaries, and the confidence they gave disempowered segments. Missionaries, however, also tended to magnify the evils they saw, to gain financial sympathy at home, for example. In 1848, thus, it was alleged that Travancore had a ‘professed torturer’, an expert in ‘twenty-three modes’ of abuse, on its payroll. In 1855 the state was described as ‘a perfect pandemonium of torture and misgovernment’. But the core problem was a clash of moralities, causing even the maharajah ‘great uneasiness’.77 As a Hindu king his duty lay in preserving the way things were; or as he said: ‘As my kingdom was in my predecessors’ time, so let it remain, and so let it descend to my heir.’78 His critics, however, wished to smash that caste-based order with a new conception of justice. Which side prevailed at any given moment depended also on higher-ups – Resident Cullen was sympathetic to the maharajah, while the infamous governor-general, Lord Dalhousie, showed personally an evangelical bent.

Mises and Hayek Beginning with Ludwig von Mises and F.A. Hayek, the links between liberalism and the Austrian School become intense and pervasive, since these two scholars were themselves at once the outstanding Austrian economists and the most distinguished liberal thinkers of the twentieth century. The American academic world, however, deemed none of this sufficient for them to be accorded the kind of positions to which they were clearly entitled.50 They, and in particular Mises, were also responsible to a greater degree than is generally appreciated for the upsurge of the free-market philosophy in the second half of the century.51 But since the views of the two great men are so often amalgamated, it should be emphasized that not only did they differ to an extent on economic theory (Salerno 1993; see also Kirzner 1992c: 119–36), but, more pertinently to the theme of this essay, they exhibited a sharp distinction in the degree of their liberalism. What follows refers to Hayek’s political attitudes, not to his contributions to economic science. These were highly significant and valuable in the earlier part of his career, as he together with Mises built the theoretical foundations of the modern Austrian school.52 While Mises was a staunch advocate of the laissez-faire market economy (Mises 1978a; Rothbard 1988: 40; Hoppe 1993; Klein 1999), Hayek was always more open to what he saw as the useful possibilities of state action. He had been a student of Wieser’s, and, as he conceded, he was “attracted to him . . . because unlike most of the other members of the Austrian School [Wieser] had a good deal of sympathy with [the] mild Fabian Socialism to which I was inclined as a young man. He in fact prided himself that his theory of marginal utility had provided the basis of progressive taxation . . .” (Hayek 1983: 17). Early in his career, Hayek stated that the lessons of economics will create a presumption against state interference, adding: However, this by no means does away with the positive part of the economist’s task, the delimitation of the field within which collective action is not only unobjectionable but actually a useful means of obtaining the desired ends. . .the classical writers very much neglected the positive part of the task and thereby allowed the impression to gain ground that laissez-faire was their ultimate and only conclusion . . . (1933: 133–34) This remained Hayek’s standpoint throughout his long and richly productive scholarly life. It is regrettable, but typical, that a great many confused commentators continue to characterize him as a advocate of laissez-faire.53 In fact, he

Tope Awotona, founder of Calendly, started three very different companies for three completely different communities before eventually building the scheduling software business in 2013. In 2020, Calendly posted nearly $70 million in annual recurring revenue, more than double its 2019 figure. But Awotona’s first company was a dating app that never really got off the ground. The second was projectorspot.com, which sold (obviously) projectors, but sales were poor and margins small. He tried again with a third startup, selling grills, but as he says, “I didn’t know anything about grills and I didn’t want to! I lived in an apartment, and never even grilled.” Not only was he not part of the grilling community, but he didn’t even want to be! He took a different approach to building Calendly. He had been a sales rep earlier in his career, and he knew the hassle of sending multiple emails to schedule meetings. He had even run into the scheduling problem while trying to sell his own products as an entrepreneur. As time went on and his other ideas failed to gain traction, he saw a gap in the marketplace and resolved to address it for the community of sales reps he cared about and understood. He says that “the journey to creating something that’s impactful, something that serves people, something that you know people are willing to open up their wallets and pay for—is not something that you can do just for money.” While lots of people have scheduling fatigue, Awotona focused on problems specific to sales reps, which helped him define a problem he could both solve and monetize. What does that mean for you? First, get involved in those communities wherever they are, offline and online. Then, contribute, teach, and, most important, listen. Finally, use the filters above to make sure you are picking the right community to serve. Then, your problem becomes: Which problem should I pick?

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