``The 1,076-square-foot, one-bedroom unit sold for $1.47 million, less than half of its $3.4 million asking price in 2017. Gallo made a "lowball" offer and bought the apartment in all cash -- sight unseen, with "no conditions and no...
|
My end of week morning train reads: • What a Yield-Curve Inversion Really Says About the U.S. Economy (Bloomberg Businessweek) • Taylor Swift is smart enough to not let her shows sell out (Quartz)...
What could be more lovely on a summer’s day? A V-12 engine, 2 valves per cylinder, 3 Weber carburetors, mated to a 4-speed manual transmission, making 240HP in a light (2,646 pound) spider equals...
In the process of assembling the morning reads (sign up here!), I come across lots of really interesting things. A perfect example is these sets of charts via More in Common (hat tip Brent X...
I am utterly fascinated by the concept of metacognition — how we evaluate and measure our own skills and abilities. This is the main idea underlying the Dunning-Kruger curve, the tendency for...
My morning train reads: • Economists Are Bad At Predicting Recessions (fivethirtyeight) • Ask active fund managers to explain how they’ll deliver the value they purport to add after fees....
This was utterly surprising to me; I assumed this was possible, but not nearly as specific and detailed as this reveals, via 60 Minutes: “Tonight we’ll take you inside the growing, shadowy global...
Astounding: Tonight we’ll take you inside the growing, shadowy global market of cyber-espionage. We looked specifically at a controversial Israeli company called the NSO Group, valued at nearly a...
Stakeholder Capitalism Fails If It’s Just Talk Companies will have to prove they’re committed to goals beyond maximizing shareholder value. Bloomberg, August 21, 2019 For 47 years, the...
My midweek morning train reads: • Buying Municipal Bonds for Tax-Free Income (Penta) • Big-Box Rebound: How Target Packaged a Turnaround (Fortune) • The Trump vs. Obama economy — in 15 charts...
Source: FRED Blog FRED can help us make sense of the recent discussions about an inverted yield curve. But first, some definitions to get us started: The yield curve is the difference (or...
I jumped on MSNBC with Stephanie Ruhle to discuss the possibility of recession and the changes in the Business Roundtable views of “Shareholder Value.” CEOs say corporations need to change the...
The #TrumpRecession Label Is Going to Stick Presidents usually get too much blame for economic slowdowns. This time is different. Bloomberg, August 15, 2019 Spend a decade or two writing...
My Two-for-Tuesday morning train reads: • In shocking reversal, Big Business puts the shareholder value myth in the grave (Los Angeles Times) see also America’s CEOs Seek a New Purpose for the...
Source: Financial Times via @NateGeraci Talk about burying the lede: In a longish Financial Times piece about Franklin Templeton’s star bond fund manager Michael Hasenstab, a graphic mentioned...
Venture Capitalists seem to be focused mostly on software, apps, and technology. This dearth of entrepreneurship into the basic sciences created an opportunity that was capitalized on by Josh...