August 2010
1 post
“So it is not by chance that there are so many people trying to add complexity to...”
– Physics Envy in Finance
February 2010
1 post
“The word curation may seem to be a synonym for aggregation, but in fact...”
– Web Aggregation Needs To Get Smarter
January 2010
5 posts
“What does “social” mean to Google? “Who I am, who do I know, what do I do,” said...”
– Google’s Approach to Social 2010
Thats not really social. In fact, a lot of that is antisocial. Social is about finding new people, serendipity, what you don’t know. I’ve said it once and will say it again - Google doesn’t get social the same way Microsoft didn’t get...
We have the mathematics to solve many financial/economic problems but lack the tools to measure and value the relevant variables.
“This process was well described by one of its greatest modern practitioners:...”
– What is Living and What is Dead in Social Democracy
Pretty accurate description of the current political economic climate. Privatization of public goods has stripped away society’s allegiance to the state.
In short, Privatization eats away at reasons to be patriotic. Interesting.
“The history of the Internet suggests that there have been cool Web sites that go...”
– Why Twitter Will Endure
Everything That's Wrong With the Economy in One...
Rent-seeking
Cutting yourself a bigger slice of the cake rather than making the cake bigger. Trying to make more money without producing more for customers. Classic examples of rent-seeking, a phrase coined by an economist, Gordon Tullock, include:
• a protection racket, in which the gang takes a cut from the shopkeeper’s PROFIT;
• a CARTEL of FIRMS agreeing to raise PRICES;
• a UNION...
December 2009
1 post
Watch“Not that the physical world will disappear, but the management thereof will become an abstraction - which liquifies it enormously”
Great explanation of the Sixth Paradigm
November 2009
2 posts
“We will not fix our economy until the government finds the ability to say no....”
– Taunter Media, “Spare the Rod”
October 2009
3 posts
“A major contributing factor in New York’s startup renaissance has been the...”
– Startups Rise From Wreckage of NYC Financial System-Wired
It’s about time that NYC became a startup hotbed. I think it could definitely be the place where we see a really hot financial technology scene.
“Capitalism has long enjoyed exceptionally strong public support in the United...”
– Luigi Zingales, “Capitalism After the Crisis”
The Difference Between StockTwits and Wall Street
This week while putting together Overheard on Stocktwits, I found two posts regarding First Solar (FSLR)’s earnings miss (and 20% drop in price)
The first was from @upsidetrader mocking a Wall Street Analyst’s downgrade from “Buy” to “Above Average”.
The second was from @wwwstockrake taking accountability and showing why he was wrong on FSLR.
Both were...