Wall Street Journal: Market News

  • Blackstone and CVC Ready to Bet on Risky Side of Payments
    Private equity groups Blackstone and CVC are looking to join the payments party with a preliminary near-$4 billion offer for U.K.-listed Paysafe, the company revealed Friday. It looks like a gamble Paysafe shareholders should welcome.
    - 2 days ago, 21 Jul 17, 3:31pm -
  • GE's New Boss Should Embrace Negativity
    Quarterly earnings show that General Electric’s new chief will have a tough time meeting lofty expectations for 2018
    - 2 days ago, 21 Jul 17, 3:27pm -
  • The Euro May Be Rising, But Money Is Still Easy
    European Central Bank President Mario Draghi said Thursday that the euro’s gains had “received some attention” on the ECB Governing Council, but the currency isn’t the only factor that counts for financial conditions.
    - 2 days ago, 21 Jul 17, 3:03pm -
  • Don't Trust Capital One's Math
    Capital One sees default rates declining after a worrying jump, but investors should stay skeptical.
    - 2 days ago, 21 Jul 17, 1:44pm -
  • BHP Sees a Hungry Planet, Elliott Sees Another Shale Disaster
    BHP has written off billions in U.S. shale investments, but it is poised to plow a substantial amount of funds into potassium fertilizer, or potash. Activist shareholder Elliott is kicking up a fuss.
    - 2 days ago, 21 Jul 17, 12:36pm -
  • Geely's Rally Is Running Out of Road
    One of China’s most prominent auto makers has been the gift that kept on giving for investors, but not for long.
    - 2 days ago, 21 Jul 17, 11:01am -
  • Gas Everywhere but No Way to Ship It
    Natural gas pipeline delays in the Marcellus and Utica shale producing regions have caused a sharp discount for gas sold in the region.
    - 3 days ago, 20 Jul 17, 8:54pm -
  • Strong Euro Can't Wait as Mario Draghi Plays for Time
    The European Central Bank is playing for time on extreme monetary policy. But markets know a decision on winding down its bond-purchase program can’t be put off forever.
    - 3 days ago, 20 Jul 17, 4:38pm -

Wall Street Journal: U.S. Business

  • Norway Takes Lead in Race to Build Autonomous Cargo Ships
    Two Norwegian companies are taking the lead in the race to build the world’s first crewless, autonomously operated electric ship, an advance that could mark a turning point in seaborne trade.
    - 8 hours ago, 23 Jul 17, 6:20am -
  • Canadian Wildfires Choke Lumber Supply to U.S. Home Builders
    Wildfires in Canada are making lumber harder to find for U.S. home builders.
    - 13 hours ago, 23 Jul 17, 1:52am -
  • Boeing, Flying High, Stays the Course on Job Cuts
    Boeing Co. presses forward with efficiency push, cutting 6,000 staff or 4% of its workforce in the first half of 2017, its fastest pace in a decade, as its stock hits new records.
    - 1 day ago, 22 Jul 17, 1:57pm -
  • Cellphone Bills in India Inch Closer to Zero
    India’s richest man said his cellular company has developed an inexpensive, web-enabled mobile phone for the masses, a move that could force some of the world’s leading phone makers to slash prices to stay competitive.
    - 1 day ago, 22 Jul 17, 5:34am -
  • NASA Finds Ways to Prevent Battery Fires
    NASA research to prevent catastrophic fires on vehicles in orbit soon is expected to make personal robots, audio gear and other electronics safer on the ground.
    - 1 day ago, 22 Jul 17, 3:36am -
  • Siemens Cuts Russia Presence After Turbines End Up in Crimea
    Siemens announced measures to reduce its presence in Russia, including its exit from joint venture Interautomatika, after four gas turbines delivered by one of the German company’s Russian partners for a power plant project turned up in Russian-occ…
    - 1 day ago, 22 Jul 17, 3:19am -
  • GE Leaves Investors in Limbo
    GE told investors that profits are under pressure and they would have to wait several months for a better sense of its business, sending shares tumbling.
    - 1 day ago, 22 Jul 17, 3:18am -
  • White House to Tackle Manufacturing Gaps It Says Weaken U.S. Security
    The Trump administration is asking the Defense Department and other agencies to assess industry’s ability to fill U.S. defense needs.
    - 2 days ago, 21 Jul 17, 8:28pm -

Robert Reich

Naked Capitalism

Overcoming Bias

  • Philosophy Vs. Duck Tests

    - 2 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…
    - 6 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…
    - 8 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…
    - 11 days ago, 12 Jul 17, 2:30pm -
  • A Post-Em-Era Hint
    A few months ago I noticed a pattern across the past eras of forager, farmer industry: each era has a major cycle (ice ages, empires rise & fall, business cycle) with a period of about one third of that era’s … Continue reading →
    - 19 days ago, 4 Jul 17, 9:10pm -
  • Beware The Moral Spotlight
    Imagine a large theatre with a singer at center stage. A single bright spotlight illuminates this singer, and the rest of the crowded theatre is as dark as can be, given this arrangement. Morality can do the same thing in … Continue reading →
    - 24 days ago, 29 Jun 17, 7:30pm -
  • Intellectuals as Artists
    Consider some related phenomena: Casual conversation norms say to wander across many topics, with each person staying relevant to each current topic. This functions well to test individual impressiveness. Today, academic and mass media conversations…
    - 25 days ago, 28 Jun 17, 12:12pm -
  • Forget The Maine
    I often write about situations where we say something is about X, but it is actually more than we admit about Y. In some cases, this is mostly unconscious, and most people are surprised to hear what is going on. … Continue reading →
    - 27 days ago, 26 Jun 17, 9:15pm -
  • A Tangled Task Future
    Imagine that you want to untangle a pile of cables. It wasn’t tangled on purpose; tangling just resulted naturally from how these cables were used. You’d probably look for the least tangled cable in the least tangled part of the … Continue read…
    - 33 days ago, 20 Jun 17, 8:40pm -
  • A Call To Adventure
    I turn 58 soon, and I’m starting to realize that I may not live long enough to finish many of my great life projects. So I want to try to tempt younger folks to continue them. Hence this call to … Continue reading →
    - 39 days ago, 14 Jun 17, 7:00pm -

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 -