The Dangers Atop New England’s Most Notorious Peak - WSJ.— Been there, done that.
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Inside the Dramatic Dance of Raindrops
The real dance is in the beautiful fluid movement of the droplet shapes. When two drops collide, the water pulses and curls until the shape settles down. But the new combined droplet may also shatter immediately, sometimes stretching out into a sheet before bursting into a shower of tiny droplets. The cycle repeats itself—catch-up and coalesce, catch-up and break—on and on until the drops reach the ground. The harder the rain, the more often droplets bump into each other and the more frantic the dance.
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There’s More to Warren Buffett’s Game Than Just Picking Great Stocks
We assumed the hypothetical Berkshire hedge fund—let’s call it Berkaway LP—charged a management fee of 2% of assets, plus a performance fee that took 20% of any gains above 6% (or, in one iteration, 8%).
Over a period when the S&P 500 compounded at 10.2% annually and Berkshire at 19.8% annually, Berkaway would have returned somewhere between 13.6% and 15.9% annually.
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The Bear Came Over the Mountain | The New Yorker — Beautiful. A short story about dementia.
As its best, the short story genre is a laser focused exploration of the truisms of human life.
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