Now, that's not to say a crash is imminent — experts disagree on the Q-value's reliability. One said, "the ratio's doubling since 2009 to 1.10 is a symptom of companies diverting money from their businesses to the stock market, choosing buybacks over capital spending. Six years of zero-percent interest rates have similarly driven investors into riskier things like equities, elevating the paper value of assets over their tangible worth." Others point out that as the digital economy grows, a greater portion of publicly traded companies lack the tangible assets that were the hallmark of the manufacturing boom.
But as an offensive guard for the Baltimore Ravens, John Urschel regularly goes head to head with the top defensive players in the NFL and does his best to keep quarterback Joe Flacco out of harm's way. "I play because I love the game. I love hitting people," Urshel writes. "There's a rush you get when you go out on the field, lay everything on the line and physically dominate the player across from you. This is a feeling I'm (for lack of a better word) addicted to, and I'm hard-pressed to find anywhere else."
Urschel acknowledges that he has faced questions from NFL officials, journalists, fans and fellow mathematicians about why he runs the risk of potential brain injury from playing football when he has "a bright career ahead of me in mathematics" but doesn't feel able to quit. "When I go too long without physical contact I'm not a pleasant person to be around. This is why, every offseason, I train in kickboxing and wrestling in addition to my lifting, running and position-specific drill work."
My analysis suggests that rather than motivating a fresh supply of drivers, surge pricing instead re-distributes drivers already on the road. Adds minstrelmike: The writer goes on to analyze 4 weeks of pricing info from 5 areas in D.C. and plotted prices versus wait times. "Price surging can work in any of three ways: by reducing demand for cars (less people want a car for a higher price), by creating new supply (providing an incentive for new drivers to hit the roads), or by shifting supply (drivers) to areas of higher demand."
It moves current drivers from one side of town to the other. It does not put new drivers on the road. It can't because the prices change every 3-5 minutes."
As Steve Jobs once explained "it's in Apple's DNA that technology alone is not enough — that it's technology married with liberal arts, married with the humanities, that yields us the result that makes our hearts sing." Zakaria says that no matter how strong your math and science skills are, you still need to know how to learn, think and even write and cites Jeff Bezos' insistence that writing a memo that makes sense is an even more important skill to master. "Full sentences are harder to write," says Bezos. "They have verbs. The paragraphs have topic sentences. There is no way to write a six-page, narratively structured memo and not have clear thinking." "This doesn't in any way detract from the need for training in technology," concludes Zakaria, "but it does suggest that as we work with computers (which is really the future of all work), the most valuable skills will be the ones that are uniquely human, that computers cannot quite figure out — yet. And for those jobs, and that life, you could not do better than to follow your passion, engage with a breadth of material in both science and the humanities, and perhaps above all, study the human condition."