Mittwoch Assortment

Condolences to the family of Sergio Marchionne and to Fiat-Chrysler. On a wall in his office in Turin hung these words; “Every act of creation is first of all an act of destruction.”

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Mittwoch (“middle of the week”) is the German/Yiddish word for Wednesday.

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From this paper comes these words:

“However, when people are asked about the ideal distribution of wealth in their country, they actually prefer unequal societies. We suggest that these two phenomena can be reconciled by noticing that, despite appearances to the contrary, there is no evidence that people are bothered by economic inequality itself. Rather, they are bothered by something that is often confounded with inequality: economic unfairness. Drawing upon laboratory studies, cross-cultural research, and experiments with babies and young children, we argue that humans naturally favour fair distributions, not equal ones, and that when fairness and equality clash, people prefer fair inequality over unfair equality. [emphasis mine]”

Of course, “fair” is subjective, but beware of those who advocate equality of outcome and not equality of opportunity. Those two concepts are NOT identical.

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Not to belittle the memory of Sergio Marchionne, but it seems appropriate to show some “related” automobiles.

See the source image

From motoringresearch.com a picture of the “entry-level” Ferrari, the Portofino. This car replaced the California in the Ferrari lineup. Marchionne orchestrated the spinoff of Ferrari as a public company in 2015. (Piero Ferrari retains a 10% stake in the company and only 10% of the company was actually offered in the IPO with the rest of the ownership “spun off”—using Ferrari’s words from their website—to holders of FCA shares and holders of FCA mandatory convertible securities.) Ferrari trades under the symbol “RACE.”

See the source image

From autoevolution.com a photo of a modern Fiat 124 Abarth Spider. The new 124 is, of course, closely related to the new generation Mazda MX-5 Miata. The Miata recently had a power boost; I don’t know if the Fiat 124 Spider will also see such an upgrade.

Carpe Diem!

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