Wall Street Journal: Market News

  • Would Cam Newton Buy Stocks Now?
    The TINA trade, in which there is no alternative to stocks, may be over as investors can finally earn something in cash-like securities.
    - 4 hours ago, 22 May 18, 9:30am -
  • Is Tesla Abandoning the Mass Market?
    Tesla has given its first signals that it’s giving up on its ambition to become a mass-market car maker, when Chief Executive Elon Musk admitted that his promised $35,000 Model 3 vehicle would cause the company to “lose money and die” if built…
    - 6 hours ago, 22 May 18, 7:24am -
  • Fifth Third Signals Resurgence of Banker Confidence
    Fifth Third Bancorp’s $4.7 billion deal to acquire a small Chicago lender is a sign that positive animal spirits have returned to the banking world. Investors should expect many more mergers and acquisitions.
    - 21 hours ago, 21 May 18, 4:10pm -
  • Small Outages Have Big Impact on Oil Prices
    Multiple oil supply outages at the same time helped prices hit a multi-year high and should keep the market tight into early summer.
    - 22 hours ago, 21 May 18, 3:17pm -
  • Welcome to the U.S.-China Cold Soup War
    Chinese-U.S. trade relations are showing signs of warming again after this spring’s chill. Don’t mistake that for a resolution of the core issues—trade tensions increasingly look like a permanent feature of the investment environment.
    - 24 hours ago, 21 May 18, 1:51pm -
  • The Euro's Headache: Growth, Not Italian Politics
    Italy is back in the headlines and the euro is falling, giving up all its gains and more against the dollar this year. But while the formation of an antiestablishment government in Rome is a headwind, there are bigger forces at work: the currency mar…
    - 24 hours ago, 21 May 18, 1:49pm -
  • The Mystery of the Small-Cap Rally
    Hot sectors are driving small stocks while a few big companies are holding back the large-cap indexes.
    - 2 days ago, 20 May 18, 2:50pm -
  • Italian Bonds: Out in the Cold
    The re-emergence of political risk in Italy risks resurrecting bad memories of the eurozone crisis, when contagion spread across the continent. For now, though, Italian misery may stay within its borders.
    - 4 days ago, 18 May 18, 2:45pm -

Wall Street Journal: U.S. Business

Robert Reich

  • Trump’s Curious Coalition
    Trump’s strategy for keeping power is to build up his coalition of America’s white working class and...
    - 2 days ago, 20 May 18, 5:26pm -
  • HOW TO END PARTISAN GERRYMANDERINGOne of the biggest challenges...
    HOW TO END PARTISAN GERRYMANDERINGOne of the biggest challenges to our democracy occurs when states draw congressional district lines with the principal goal of helping one political party and hurting the other. It’s called “partisan gerrymander…
    - 3 days ago, 19 May 18, 2:42am -
  • Trump’s Drug Pricing Scam
    Trump promised to rein in drug prices. It was his only sensible campaign promise. But the plan he...
    - 11 days ago, 11 May 18, 9:10pm -
  • The Financial Hardships of Trump’s Friends
    The Environmental Protection Agencyrecently granted to an oil refinery owned by Carl Icahn a...
    - 15 days ago, 7 May 18, 4:47pm -
  • THE MONOPOLIZATION OF AMERICA: The Biggest Economic Problem...
    THE MONOPOLIZATION OF AMERICA: The Biggest Economic Problem You’re Hearing Almost Nothing AboutNot long ago I visited some farmers in Missouri whose profitsare disappearing. Why? Monsanto alone owns the key genetic traits to more than90 percent o…
    - 15 days ago, 7 May 18, 1:26am -
  • How To Stop Trump
    Why did working class voters choose a selfish, thin-skinned, petulant, lying, narcissistic,...
    - 24 days ago, 29 Apr 18, 12:53am -
  • The Shameful Silence of the CEOs
    Congressional Republicans would be more willing to stand up to Trump if their major financial...
    - 30 days ago, 22 Apr 18, 7:05pm -

Naked Capitalism

Overcoming Bias

  • Revival Prizes
    Cryonics is the process of having your body frozen when current medicine gives up on you, and calls you “dead”, in the hope of being revived later using much better future medicine. Even though cryonics has been available for many … Continue re…
    - 11 days ago, 11 May 18, 12:45pm -
  • Radical Markets
    In 1997, I got my Ph.D. in social science from Caltech. The topic that drew me into grad school, and much of what I studied, was mechanism and institution design: how to redesign social practices and institutions. Economists and related … Continue…
    - 12 days ago, 10 May 18, 9:15pm -
  • Skip Value Signals
    Consider the following two polls I recently held on Twitter: Imagine argument for non-normative (= factual) claim on policy-relevant topic. For you to be willing to engage it, author must in essay explicitly affirm related values shared by most peopl…
    - 13 days ago, 9 May 18, 7:20pm -
  • Why Economics Is, And Should Be, Creepy
    Hostile questioners tried to trap Jesus into taking an explicit and dangerous stand on whether Jews should or should not pay taxes to the Roman authorities. … Jesus first called them hypocrites, and then asked one of them to produce … Continue re…
    - 20 days ago, 2 May 18, 4:20am -
  • A Pullable Thread of the Social Fabric
    Political polarization has been long increasing in the U.S., where it also seems unusually high for a rich nation. As one side has dominated the heights of tech, culture, media, law, and academia, and our urban centers of wealth, the … Continue rea…
    - 23 days ago, 29 Apr 18, 3:15pm -
  • Aaronson on Caplan
    Scott Aaronson just reviewed Caplan’s Case Against Education. He seems to accept most of Caplan’s specific analysis and claims: It’s true that a large fraction of what passes for education doesn’t deserve the name—even if, as a practical ma…
    - 25 days ago, 27 Apr 18, 7:45pm -
  • Two Types of Envy
    I’ve long puzzled over the fact that most of the concern I hear expressed on inequality is about the smallest of (at least) seven kinds: income inequality between the families of a nation at a time (IIBFNAT). Expressed concern has … Continue read…
    - 26 days ago, 26 Apr 18, 3:30pm -
  • Mysterious Motivation
    Our lives are full of evidence that we don’t understand what motivates us. Kevin Simler and I recently published a book arguing that even though we humans are built to readily and confidently explain our motivations regarding pretty much everything…
    - 29 days ago, 23 Apr 18, 8:00pm -
  • Prediction Machines
    One of my favorite books of the dotcom era was Information Rules, by Shapiro and Varian in 1998. At the time, tech boosters were saying that all the old business rules were obsolete, and anyone who disagreed “just doesn’t get … Continue reading…
    - 32 days ago, 20 Apr 18, 6:33pm -
  • How Best Help Distant Future?
    I greatly enjoyed Charles Mann’s recent book The Wizard and the Prophet. It contained the following stat, which I find to be pretty damning of academia: Between 1970 and 1989, more than three hundred academic studies of the Green Revolution … Con…
    - 34 days ago, 18 Apr 18, 7:10pm -

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 -