Wall Street Journal: Market News

Wall Street Journal: U.S. Business

Robert Reich

Naked Capitalism

Overcoming Bias

  • Are You Your Best Career Agent?
    The [proposed new tax] plans also call for raising the top marginal income tax rate to 39.6% from the current 37%. … result is a top marginal federal income tax rate of 46.4%. … In New York City, the combined … Continue reading →
    - 2 days ago, 16 Sep 21, 7:30pm -
  • The Insular Fertile Future
    Fertility (= kids per adult) has been falling worldwide for centuries. It seems to be correlated strongly with societal (not individual) wealth, and mediated by norms transmitted via mass media. World elite culture supports falling fertility by celeb…
    - 8 days ago, 11 Sep 21, 4:50pm -
  • Think of the (Alien) Children!
    If he was to lose his little finger to-morrow, he would not sleep to-night; but, provided he never saw them, he will snore with the most profound security over the ruin of a hundred millions of his brethren [in China].  … Continue reading →
    - 9 days ago, 9 Sep 21, 7:00pm -
  • Competition Cuts Spite
    Psychologists are exploring spitefulness in its customary role as a negative trait, a lapse that should be embarrassing but is often sublimated as righteousness, as when you take your own sour time pulling out of a parking space because you … Conti…
    - 19 days ago, 31 Aug 21, 1:00am -
  • Be The Emperor’s Kid
    I come from a state that raises corn and cotton and cockleburs and Democrats, and frothy eloquence neither convinces nor satisfies me. I am from Missouri. You have got to show me. (Why Missouri is “Show Me State”) Emperor’s New … Continue rea…
    - 23 days ago, 27 Aug 21, 5:20pm -
  • What Are Universities For?

    - 23 days ago, 26 Aug 21, 7:15pm -
  • Why Taxes Or Control, Not Subsidies?
    All prices are relative; a price is how many As it takes to buy one B. So we can only say that prices are generally high or low relative to some reference asset, like land or hours of work. Relative prices … Continue reading →
    - 24 days ago, 26 Aug 21, 1:25pm -
  • Why Not Innovate More?
    When investigating specific policy changes to test for evidence of whether stronger patents induce more R&D, a number of papers have failed to uncover such a relationship. (more) Economists widely believe that failing to sufficiently promote innovati…
    - 25 days ago, 24 Aug 21, 6:00pm -
  • What is ‘Elite Overproduction’?
    Elite overproduction … describes the condition of a society which is producing too many potential elite-members relative to its ability to absorb them into the power structure. … a cause for social instability, as those left out of power feel ……
    - 30 days ago, 19 Aug 21, 6:35pm -
  • Why Not Extend Formal Social Systems?
    Once humans had only informal systems of gossip and norm enforcement, but now we also have formal systems of law. These formal legal systems supposedly have many features designed to overcome problems with prior informal norm systems. For example, wi…
    - 32 days ago, 18 Aug 21, 1:35am -

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 -