Naval had a great thread up on Twitter titled ‘How to Get Rich (Without Getting Lucky). How to Get Rich (without getting lucky): — Naval (@naval) May 31, 2018 If you read this blog you might already be there, and if you are not rich, you should find some great insights. Either way do pass …
From: May 2018
Defending Birkenstocks and Ambien
Before I get into it…Italy is as usual fantastic. Max took off for a few days to Rome and Pompei and now is back. Rachel loves Florence and Tuscany as expected. I had my first ride of the trip, a very hilly 30 miles with my guide Andreas. Andreas is 53 (I am 52), and …
Terrible Tuesday and 2018 is not like 2017!
It was a terrible, horrible, no good Tuesday. Thanks Italy. There are no bad Tuesdays in Tuscany…but the Italians are definitely in another crisis and it spilled over into global markets. My pal Peter Cardasis summed it up perfectly today in a text as we discussed – ‘Italy – great food, great wine, great cars, …
Momentum Monday – Software is Hungry All The Time
I am out of country, but the show must go on. Momentum does not sleep. Actually, In Italy, momentum never woke! Since Ellen and I were first invited to a Tuscan vacation by Amy and Brad Feld (2011), I have joked that the $VIX is always under 10. In this week’s show I open (from …
Living an Antifragile Life
This is my Tuscany office for the next few weeks . I think it is Antifragile. The Farnam Street blog has a great post titled ‘Living an Antifragile Life’. The core principles from the book are: 1. Build in redundancy and layers (no single point of failure) 2. Resist the urge to suppress randomness 3. …
Security Tokens – The Future of Fintech
I read this great thesis on security tokens this week by Stephen McKeon. Here it is. Stephen believes the infrastructure to support security tokens is now being built out. He defines security tokens as any blockchain based representation of value that is subject to regulation under security laws. These eight features listed below form the …
Good Web… Bad Web
Before I get started…remember the benefits of stretching: The bond market is closing. pic.twitter.com/ecWfFLUCt3 — Rudolf E. Havenstein (@RudyHavenstein) May 25, 2018 Onward… I love the world wide web. One of the greatest products of the World Wide Web is WordPress which has powered this blog since 2006. Today, they are 15 years old. They …
Netflix and Thrill
Today Netflix passed Disney in value. I saw this today and it really put this era of the internet, money, crypto, venture capital and IPO’s in perspective: Today in market history, 2002: Netflix raises $82.5 million in its initial public offering, with a total valuation of $300 million. Blockbuster Video had raked in about $800 …
There Will Never Be Another Recession…or Bear Market
I am not sure how you scare the global 1 percent in an era of so much wealth, liquidity and mobility. The millennials not yet in the 1 percent are also unstoppable. They have endless time because the internet is in their hands and weed is legal. People are so bullish they are literally jumping …
Are There Any Good Ideas Left?
This tweet from Morgan Housel made me smile: “All the low-hanging fruit has been picked” says nation that put wheels on luggage less than 20 years ago. The stock market was all FANG (Facebook, Apple, Netflix and Google) all the time heading into 2018. Although FANG is all the media continues to talk about in …