The Advantage of Being Knocked Down While Poor

Unlike Bayesian, My Leaky 40-Year-Old Wooden Sloop Popped Right Back Up

Meerschaum ghosts past White Island at the Isles of Shoals. Now imagine her knocked down and laying over 90 degrees. She slept four in sitting headroom, and thus manned, we sailed her all over Downeast Maine.

A week ago I met remotely with three New York Times reporters doing a deep dive (no pun intended) on the Bayesian catastrophe. I had provided them …