Wall Street Journal: Market News

  • Low Price Is the Only Winner in Retail
    It might seem like the most basic retail maxim, but the second-quarter drilled it home for investors: low prices matter. The only winners in an otherwise bleak retail landscape were the ones offering the lowest ones.
    - 22 hours ago, 18 Aug 17, 10:29pm -
  • Biogen Treads Tricky Path Between Politicians, Investors
    Biogen is taking a political risk with aggressive multiple sclerosis drug pricing, but the company is under pressure to boost its share price.
    - 22 hours ago, 18 Aug 17, 10:24pm -
  • Tripling Down on Emerging Markets With a New Leveraged ETF
    Direxion, the firm behind popular funds that bet on gold mining companies, oil prices and Chinese stocks, launches an ETF that aims to triple the returns of emerging-market bonds.
    - 1 day ago, 18 Aug 17, 2:08pm -
  • Jack Ma Works His Magic With MassMutual Bid
    For Alibaba’s Jack Ma, joining in a $1.7 billion bid for the Hong Kong and Macau businesses of MassMutual looks like a slick way to get into the insurance line.
    - 1 day ago, 18 Aug 17, 11:50am -
  • Why It is Time to Own France's Biggest Bank
    BNP Paribas is exploiting rivals’ weaknesses while keeping a tight rein on costs
    - 1 day ago, 18 Aug 17, 10:34am -
  • A Pillar of Chinese Growth Starts to Show Cracks
    Housing prices rose more slowly in China’s interior for the second time in two months—a potentially worrying sign for growth following a raft of weak data in July.
    - 2 days ago, 18 Aug 17, 7:15am -
  • Under Armour's Self-Inflicted Wound
    A love-hate triangle has ensnared Under Armour, Dick’s Sporting Goods and Kohl’s. The dynamic among the three companies shows how brands and retail chains are tripping over each other as they struggle to survive fierce competition.
    - 2 days ago, 17 Aug 17, 5:11pm -
  • OPEC's Sick Man, Venezuela Could Jolt Oil Market
    Venezuela’s already falling oil production will get worse before it gets better, potentially roiling global energy markets.
    - 2 days ago, 17 Aug 17, 2:42pm -

Wall Street Journal: U.S. Business

Robert Reich

  • Remove Him Now
    We have endured Donald Trumpfor 7 months. Although he has had few legislative victories, he has...
    - 19 hours ago, 19 Aug 17, 1:04am -
  • Trump’s Civil War
    Trump’s unwillingness to denounce the white supremacists who came to Charlottesville last weekend...
    - 3 days ago, 17 Aug 17, 12:38am -
  • Making America Hate Again
    Trump’s unwillingness to denounce hateful violence has been part of his political strategy from the...
    - 5 days ago, 14 Aug 17, 5:22pm -
  • A National Calamity in the Making
    The violence in Charlottesville, Virginia today is a national calamity. It is a product of white...
    - 7 days ago, 12 Aug 17, 11:18pm -
  • Night Thoughts on Trump and America
    With Donald Trump away vacationing at one of his golf resorts, the rest of us may have a chance...
    - 12 days ago, 7 Aug 17, 4:41pm -
    A SUMMER SURVIVAL GUIDE FOR THE TRUMP ERAHere’s a summer survival guide, 10 ways to relax during the eraof Trump. 1.  Take a day off from the news, one day a week. 2.  Don’t get into an argument with a Trump supporter,especially if it’s a…
    - 18 days ago, 1 Aug 17, 11:32pm -
  • Hill Republicans: Trump is Fritzing Out
    This morning I phoned my friend, a former Republican member of Congress.Me: What’s going on?...
    - 19 days ago, 1 Aug 17, 1:31am -

Naked Capitalism

Overcoming Bias

  • Why Ethnicity, Class, & Ideology? 
    Individual humans can be described via many individual features that are useful in predicting what they do. Such features include gender, age, personality, intelligence, ethnicity, income, education, profession, height, geographic location, and so o…
    - 1 day ago, 18 Aug 17, 7:40pm -
  • Ems in Walkaway

    - 3 days ago, 16 Aug 17, 6:45pm -
  • Organic Prestige Doesn’t Scale
    Some parts of our world, such as academia, rely heavily on prestige to allocate resources and effort; individuals have a lot of freedom to choose topics, and are mainly rewarded for seeming impressive to others. I’ve talked before about how … Con…
    - 4 days ago, 15 Aug 17, 4:45pm -
  • Compare Institutions To Institutions, Not To Perfection
    Mike Thicke of Bard College has just published a paper that concludes: The promise prediction markets to solve problems in assessing scientific claims is largely illusory, while they could have significant unintended consequences for the organization…
    - 14 days ago, 5 Aug 17, 1:10pm -
  • Hazlett’s Political Spectrum
    I just read The Political Spectrum by Tom Hazlett, which took me back to my roots. Well over three decades ago, I was inspired by Technologies of Freedom by Ithiel de Sola Pool. He made the case both that great things … Continue reading →
    - 15 days ago, 5 Aug 17, 12:40am -
  • Foom Justifies AI Risk Efforts Now
    Years ago I was honored to share this blog with Eliezer Yudkowsky. One of his main topics then was AI Risk; he was one of the few people talking about it back then. We debated this topic here, and while … Continue reading →
    - 16 days ago, 3 Aug 17, 2:05pm -
  • Philosophy Vs. Duck Tests

    - 29 days ago, 21 Jul 17, 4:40pm -
  • High Dimensional Societes?
    I’ve seen many “spatial” models in social science. Such as models where voters and politicians sit at points in a space of policies. Or where customers and firms sit at points in a space of products. But I’ve never seen a discussion … Con…
    - 33 days ago, 17 Jul 17, 6:50pm -
  • “Human” Seems Low Dimensional
    Imagine that there is a certain class of “core” mental tasks, where a single “IQ” factor explains most variance in such task ability, and no other factors explained much variance. If one main factor explains most variation, and no other fact…
    - 35 days ago, 15 Jul 17, 2:30pm -
  • Boost For Being Best
    The fraction of a normal distribution that is six or more standard deviations above the mean is one in ten billion. But the world has almost eight billion people in it. So in principle we should be able to get six standard deviations … Continue…
    - 38 days ago, 12 Jul 17, 2:30pm -

Information Arbitrage

  • Recycling: The challenge and the opportunity for a Seed stage VC
    My recent post gave rise to a host of questions around the issue of recycling. What does it mean? How do you do it? And what are the implications for venture investors? I attempted to respond in a Tweetstorm, but recycling is a complicated issue that…
    - 5 Oct 16, 8:48pm -
  • The TTD Investment and the IA Ventures Model
    A Little HistoryIA Ventures began life a little less than seven years ago, just as the world was coming out of the worst economic crisis since the Great Depression. The term “Micro VC” had yet to be coined. “Big Data” was still somewhat myste…
    - 29 Sep 16, 1:25am -
  • Welcoming John to IA
    Brad, Jesse and I are happy to announce that our friend and colleague, John Hadl, is joining IA Ventures as Venture Partner, effective immediately. We have personally gotten to know John over the past four years due to our shared investment in PlaceI…
    - 12 Mar 15, 8:29pm -
  • Crowdfunding for start-ups: A durable trend or a bull market phenomenon?
    Angel investing is red hot as is the concept of crowdfunding start up investment. Part of this phenomenon has been driven by the emergence of AngelList, the brainchild of Naval Ravikant. What started out as a way for a curated set of angels to inves…
    - 23 Nov 14, 10:44pm -
  • Financial interaction: the next generation
    I have spent over 25 years creating, processing and analyzing financial transactions. I like studying them - a lot - whether an outgrowth of my time on Wall Street helping sophisticated entities manage risks, or through IA Ventures’ investments in…
    - 25 Feb 14, 10:43pm -
  • IA Ventures: Reflections on 2013
    2013 was a very different kind of year for IA Ventures. While the years 2010-12 were characterized by 8-10 new investments per year, in 2013 we invested in only three new companies: Data Robot; Digital Ocean (DO) and Sight Machine (SM). Digital Ocean…
    - 3 Jan 14, 8:28pm -
  • “If you can’t do something willingly and joyfully, then don’t do it. If you give...
    “If you can’t do something willingly and joyfully, then don’t do it. If you give up drinking, don’t go moaning about it; go back on the bottle. Do. As. Thou. Wilt." - The late Peter O'Toole
    - 16 Dec 13, 1:05pm -
  • Venture Capital and "Innovation"
    Many have recently been critical of the role of the venture industry in financing “true innovation.” The narrative goes something like this: “VCs are like lemmings, flocking to the latest consumer wave (mobile chat, ride-sharing, etc.) in searc…
    - 16 Dec 13, 2:41am -
  • Evidence is mounting that people at the bottom are increasingly stuck without skills or pathways to...
    Evidence is mounting that people at the bottom are increasingly stuck without skills or pathways to rise. Research from the Federal Reserve Bank of Boston shows that in the 1980s, 21 percent of Americans in the bottom income quintile would rise to…
    - 15 Dec 13, 1:51pm -
  • Soft is the new Hard
    I live in a world where engineering and technical talent is valued above all others, where the Holy Grail is a “coding ninja” who can crank out oodles of elegant code at a breakneck pace. These people speak a language that is distinct and only un…
    - 14 Nov 13, 4:32am -