Lars P. Syll

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 [embedded content] An absolute classic. My favourite Autobahn music.

Asset price distributions are of great practical significance for portfolio managers. Standard finance theory assumes that asset price changes follow a normal distribution—the well-known bell curve. That this assumption is roughly accurate most of the time allows analysts to use very robust probability statistics. For example, for a sample that follows a normal distribution, you can identify the population average and characterize the likelihood of variance from that average....

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Dann sind wir Helden / Nur diesen Tag [embedded content] Ich glaub’ das zu träumen / die Mauer / Im Rücken war kalt / Die Schüsse reissen die Luft / Doch wir küssen / Als ob nichts geschieht / Und die Scham fiel auf ihre Seite / Oh, wir können sie schlagen / Für alle Zeiten / Dann sind wir Helden / Nur diesen Tag

[embedded content]Rubber Soul was the first LP yours truly bought. The year was 1967 and I was ten years old. Fifteen years later I gave it away to another fan of Beatles — my little sister Ulrika. She still takes good care of it!

Like Tears in Rain [embedded content] Rutger Hauer (1944-2019) In Memoriam.

 [embedded content][embedded content] Heroes get remembered. Legends never die.

Qui est Boris Johnson?  [embedded content]

RBC — nonsense on stilts They try to explain business cycles solely as problems of information, such as asymmetries and imperfections in the information agents have. Those assumptions are just as arbitrary as the institutional rigidities and inertia they find objectionable in other theories of business fluctuations … I try to point out how incapable the new equilibrium business cycles models are of explaining the most obvious observed facts of cyclical...