My easy like Sunday morning policy reads: • Economists are rethinking the numbers on inequality: An academic disagreement has big real-world implications (Economist) but see What If Companies Get Big Because They’re Better? (Bloomberg)• The 60/40 Stock/Bond Portfolio’s Time May Be Over. Here’s What to Do Instead. (Barron’s)• Capitalism...
The Understated and elegant Ferrari Dino: Once considered a “lesser” Ferrari due to its mere 6 cylinder engine, the lovely shape and flowing lines of this beauty seems to get better with age. The Dino’s beautiful body was designed by Pininfarina and produced by Scaglietti. Designed as a competitor...
The weekend is here! Pour yourself a mug of Danish Blend coffee, grab a seat on the couch, and get ready for our longer form weekend reads: • Berkshire Hathaway Bet Big on Dialysis Giant DaVita. Jim Chanos Thinks It’s a Scam. (Institutional Investor)• Galloway: TWTR, Enough Already (No...
In No Time To Die, Bond has left active service and is enjoying a tranquil life in Jamaica. His peace is short-lived when his old friend Felix Leiter from the CIA turns up asking for help. The mission to rescue a kidnapped scientist turns out to be far...
This week, we speak with Ben Horowitz, founding partner of famed venture capital firm Andreessen Horowitz, and author of What You Do Is Who You Are: How to Create Your Business Culture. A16Z (as it known) has $12B in assets under management across multiple funds, and was an...
My end of week, NFP-free, morning train reads: • Bull Markets Last Much Longer Than You Think (A Wealth of Common Sense) see also The Portfolio Gap (Irrelevant Investor)• Gazing into the recession crystal ball (Reuters)• The Marijuana Industry Is Ripe for Inventors (Inc.)• Liquid alternative investments let you...
Succinct Summations for the week ending December 6th, 2019 Positives: 1. Market continues to flirt with all time highs — nothing is more bullish,2. Non-farm payrolls rose 266k m/o/m, above the expected increase of 180k.3. Unemployment rate fell to 3.5%, below the previous 3.6%.4. Home mortgages applications rose 1.0% w/o/w,...
Very interesting listen by data scientist Cathy O’Neil about her book, Weapons of Math Destruction, which describes the dangers of relying on big data analytics to solve problems.   The Disagreement Is The Point Source: WNYC     https://ritholtz.com/wp-content/uploads/2019/12/otm112219_cms974941_pod.mp3       click for audio  The post Biased Algorithms, Biased World appeared first on The Big Picture. (Source)
A quick review: For at least the past 15 years, the National Retail Federation has been misleading America with a series of reports on holiday shopping. Your humble Grinch takes it upon himself to point out this annual exercise in erroneous claims. These include the group’s forecasts for holiday sales, as...
My morning train reads: • The Bloomberg 50: From finance to fashion and technology to trade, these are the people who defined 2019. (Bloomberg)• The Architect of Modern Algorithms (Quanta Magazine)• Hulbert: How bad will the next bear market be? (Marketwatch)• CalPERS Fires Most of Its Equity Managers (Chief...