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Archive for the 'Quotation' Category

Capitalism vs. Competition

Nevertheless, devaluing competition is a central theme of Thiel’s new book. He asserts that “capitalism and competition are opposites,” because “under perfect competition, all profits get competed away.” He exhorts entrepreneurs to seek out monopolies, concluding, “All happy companies are different: Each one earns a monopoly by solving a unique problem. All failed companies are […]

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Why there are few entrepreneurs in the health care sector

  Generally, health is just so heavily regulated. It’s just a painful business to be in. It’s just not necessarily how I want to spend my time. Even though we do have some health projects, and we’ll be doing that to a certain extent. But I think the regulatory burden in the U.S. is so […]

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Quotations on Big Data

“There are a lot of small data problems that occur in big data.  They don’t disappear because you’ve got lots of the stuff. They get worse.” David Spiegelhalter, Winton Professor of the Public Understanding of Risk at Cambridge university Via FT.

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Health Care Quotations of the Day

“If people let the government decide what foods they eat and what medicines they take, their bodies will soon be in as sorry a state as the souls who live under tyranny.” ― Thomas Jefferson “America’s health care system is neither healthy, caring, nor a system.” ― Walter Cronkite  

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Quotation of the Day: Happiness by the way

The experiences of this period…led me to adopt a theory of life, very unlike that on which I had before I acted, and having much in common with what at that time I certainly had never heard of, the anti-self- consciousness theory of Carlyle. I never, indeed, wavered in the conviction that happiness is the […]

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Quotation of the Day: Einstein

Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius — and a lot of courage — to move in the opposite direction Albert Einstein  

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Making all college students amateurs

If you have read my blog, you know from time to time I dabble in topics outside of health care. One of those interests is sports. Of late, there has been a lot of discussion in the media regarding whether college athletes should be paid. As an economist, it should come as no surprise that […]

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Why study health economics?

“And anyone interested in public policy or fiscal policy must, these days, be interested in health care economics.” Tyler Cowen, Marginal Revolution.

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Oxymoron of the Day

Can a secret court be transparent? Charlie Rose: But has FISA court turned down any request? Barack Obama: The — because — the — first of all, Charlie, the number of requests are surprisingly small… number one. Number two, folks don’t go with a query unless they’ve got a pretty good suspicion. Charlie Rose: Should […]

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Statisitics and the Sports Illustrated Jinx

Daniel Kahneman explains the false inference many people make between causation and regression to the mean. A well-known example is the “Sports Illustrated jinx,” the claim that an athlete whose picture appears on the cover of the magazine is doomed to perform poorly the following season.  Overconfidence and the pressure of meeting high expectations are […]

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