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Lapham's Quarterly - high quality magazine
#1

Lapham's Quarterly - high quality magazine

As I've read more and more, my expectations of my books has risen. I'm almost proud to say I've reached the point where I enjoy reading the classics. This wasn't always the case: I had to start with simplistic books (in hindsight) and magazines with superficial content.

Over the past few years I've held subscriptions to many newspapers and magazines. The Economist, WSJ, Foreign Affairs, Forbes, Business Weekly, The Rake. Almost inevitably, I got bored of all of them. Once you've read several editions of Foreign Affairs, the content becomes stale. You can almost predict the tone and direction the Steve Forbes' essays are going to go into.

Where then could I find a magazine that set a new bar in this age of clickbait BuzzFeed articles? Who still catered to an audience of men and women yearning to be challenged and delight in wonderful writing.

I finally found one avenue: Lapham's Quarterly. Edited by Lewis Lapham, the former editor of Harper's Bazaar, this publication is truly worth its weight in gold. What makes it stand apart is that they collect essays writing by such great luminaries as Plato, de Montaigne, Herman Melville, Thucydides, Sun Tzu, and Mark Twain. It is quite simply a curated compilation of the greatest thinkers in a modern coat.

But I wouldn't be doing justice to it if I said it really is only a collection of essays by the greatest minds in human history. The man behind this, Lewis Lapham, himself has an erudite mind. In his 80s, this isn't some 24 year old basic bitch with no understanding of the world. He's been around the block and his writing reflects his great intellect and wisdom.

From the Fall 2016 quarterly's preamble

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What animates the would-be marketable commodities in the crowd is the seeking to cast their own flesh in the long-shot images of divine perfection, construct an impenetrable facade and fortress secure against the heartache and the thousand natural shocks that flesh is heir to, defend it against the intrusion of unsettling emotion, protect it against the threat of cigarette smoke and trans fats, press it into golden masks fashioned by cosmetic surgery, enhance its performance with steroids and Cialis, breast enhancement and penile implant, and maybe at the last, when all else fails, escape entirely from its mortifications into the virtual world, into the dreams of self, ascending as Facebook posts into the computer cloud, and there, in company with the immortal bodies of medieval kings, held harmless from whatever other dreams may come.

I highly encourage al RVF members interested in deepening their knowledge base and vocabulary to subscribe to this quite frankly glorious publication.

Not happening. - redbeard in regards to ETH flippening BTC
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#2

Lapham's Quarterly - high quality magazine

Good thread idea, I'd love to see other examples of interesting articles.

I re-visted an old favourite from their site recently, regarding very long dated trusts and the effects of compound interest:

http://www.laphamsquarterly.org/future/trust-issues

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Hartwick College didn’t really mean to annihilate the U.S. economy. A small liberal-arts school in the Catskills, Hartwick is the kind of sleepy institution that local worthies were in the habit of founding back in the 1790s; it counts a former ambassador to Belize among its more prominent alumni, and placidly reclines in its berth as the number-174-ranked liberal-arts college in the country. But along with charming buildings and a spring-fed lake, the college once possessed a rather more unusual feature: a slumbering giant of compound interest.

With bank rates currently bottomed out, it’s hard to imagine compound interest raising anyone much of a fortune these days. A hundred-dollar account at 5 perecent in simple interest doggedly adds five bucks each year: you have $105 after one year, $110 after two, and so on. With compound interest, that interest itself get rolled into the principal and earns interest atop interest: with annual compounding, after one year you have $105, after two you have $110.25. Granted, the extra quarter isn’t much; mathematically, compound interest is a pretty modest-looking exponential function.

Modest, that is, at first. Because thanks to an eccentric New York lawyer in the 1930s, this college in a corner of the Catskills inherited a thousand-year trust that would not mature until the year 2936: a gift whose accumulated compound interest, the New York Times reported in 1961, “could ultimately shatter the nation’s financial structure.” The mossy stone walls and ivy-covered brickwork of Hartwick College were a ticking time-bomb of compounding interest—a very, very slowly ticking time bomb.

One suspects they’d have rather gotten a new squash court.

The notion of a “Methuselah” trust has a long history—and as with many peculiar notions, Benjamin Franklin got there first. Upon his death in 1790, Franklin’s will contained a peculiar codicil setting aside £1,000 (about $4,550) each for the cities of Boston and Philadelphia to provide loans for apprentices to start their businesses...

That's the intro and the rest is a fascinating piece of history, even if there isn't too much in depth analysis.
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#3

Lapham's Quarterly - high quality magazine

I just ordered a subscription after looking around their site. Something I haven't done in YEARS. Thanks for the heads up and can't wait to get it.
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