Northern Virginia’s vast, taxpayer-funded riches

My second Time column is now online. Here’s how it starts: When the Census Bureau announced last August that northern Virginia’s Loudoun County had become the nation’s most affluent, with a median household income of $98,483, it was something of a shock to locals. Loudoun is far from exclusive: a third of its 255,000 residents [...]

Doritos stars are born in North Carolina

So I’m down in North Carolina, at something called the Duke MBA Marketing Conference. There are some cool speakers, most entertaining among them Bob Young, who co-founded Red Hat and founded and now runs publisher (for want of a better word) Lulu. But the real stars are the Doritos kids–the ones from that Super Bowl [...]

George Bush, deficit-fighter

Okay, here’s my big problem with the budget that the Bush administration submitted to Congress yesterday. (No, I didn’t read all of it, but I did check out a few highlights.) It makes a big deal about getting rid of the federal deficit by 2012. But guess what: George Bush will have been out of [...]

Ed Thorp explains the new hedge fund reality

I had a nice e-mail conversation with Ed Thorp last week. Some of it was reproduced in my Time column, but I thought the world’s legions of Thorp fans might want more. For those who don’t know the man, he’s a math professor (he spent most of his career at UC Irvine), who figured out [...]

Hedge funds on paper

My first Curious Capitalist column, “Hedge Funds Head for Mediocrity,” is in the edition of Time that hits newsstands tomorrow. It’s also online right now, but I must say it looks much prettier on paper (worth every one of those 495 pennies). Here’s how it starts: In 1962, a government study of mutual funds revealed [...]