We know the words but what do they mean? Some definitions Here are some definitions of "passive investment management". Investopedia says: A style of management associated with mutual and [...]

Conspicuous consumption -- buying what others can't afford -- is a disequilibriating force.  Prices get raised and supply is limited.  The goods that are conspicuously consumed are positional goods. [...]

Falkenblog has a post on ecological studies of animal intelligence. The entire post is interesting, but I particularly like his last sentence: [I]f you think that because you have [...]