Joshua M Brown

PPT and the “God of the Gaps”

Writing in centuries past, many scientists felt compelled to wax poetic about cosmic mysteries and God’s handiwork. Perhaps one should not be surprised at this: most scientists back then, as well as many scientists today, identify themselves as spiritually devout. But a careful reading of older texts, particularly those concerned with the universe itself, shows…

Culture vs Regulations

In my experience on Wall Street, working for a series of broker-dealers, I came to learn one very basic truth about financial services – you should to set up the incentive system in such a way that employees are rewarded for being on the side of their clients, and there should never be a big, glaring…

Renaissance Requires Reinvention

One of the best stock picking newspaper columns, the Wall Street Journal’s Ahead of the Tape, is winding itself down. It’s not because my friend Steven Russolillo wasn’t doing a great job – he was. Rather, it’s because this is simply not how large numbers of people invest anymore. Similar to being a stock picker,…