10 Wednesday AM Reads

Welcome to mid-week. Here are our local, organically grown morning train reads:

• Warren Buffett Is Winning Fans in China: Growing enthusiasm about stocks adds to interest in Berkshire Hathaway CEO (WSJ)
• Calling the Turns: Why Market Timing Is So Hard (Research Affiliatessee also Are You a Closet Technician? (Irrelevant Investor)
• Iceland put bankers in jail rather than bailing them out — and it worked (Vox)
• Why Sushi Is One of the Most American Things You Can Eat (Vice)
• Concussions in the NFL: Are players beginning to value their brains more than the game? (Behind the Steel Curtain)

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    • hue commented on Jun 10

      whoa i got the bots reading my links, 29 clicks on Krugman in 3 minutes, or the lib prof is just an unbelievably good read lol went up to 40 as i typed

    • hue commented on Jun 10

      Krugman just broke Taibbi’s record for fast clicks. few years ago??? Taibbi’s (where art thou) story on Mary Jo White, fox guarding the hen house, shot up like a rocket the minute it cleared BR’s troll screen. oh wait, this is inside baseball, you guys can’t see my numbers, kinda like Uber’s surge, only Uber knows about supply and demand inside of skynet, trust Uber

      “Holy Fking Sht. That’s Dzhokhar!” also well read, fast, No. 4 all time most clicked hue

    • Jojo commented on Jun 10

      I had posted this link here back in the March time frame I think.
      101 Startup Failure Post-Mortems
      No survivorship bias here. A compilation of startup failure post-mortems by founders and investors.

      On his many failed experiments, Thomas Edison once said,

      I have learned fifty thousand ways it cannot be done and therefore I am fifty thousand times nearer the final successful experiment.

      And so while we have dug into the data behind startups that have died (as well as those acqui-hired) and found they usually die 20 months after raising financing and after having raised about $1.3 million, we thought it would be useful to see how startup founders and investors describe their failures. While not 50,000 ways it cannot be done, below is a compilation of startup post-mortems that describe the factors that drove a startup’s demise. Most of the failures have been told by the company’s founders, but in a few cases, we did find a couple from investors including Roger Ehrenberg (now of IA Ventures) and Bruce Booth (Atlas Venture). They are in no particular order, and there is something to learn from each and every one of them.

      * Second Update (9/24/2014)
      * First Update (6/3/2014)
      * Original 51 Startup Failure Post-Mortems (1/20/2014)


  1. VennData commented on Jun 10

    Joe Kernan and the rest of the right say the Supreme Court ruling to end subsidies on ACA due to “exact wording” is OK because they “Could” pause the implementation and Congress “has promised” to fix it.


    How’s the fix of the Voting Rights Act going? What about CItizens Unitied? THis Congress can’t even look at immigration reform let alone funding to fight ISIS.

    How stupid you must be to fall for the GOP rhetoric! “Congress will get right on it.” ROFL!

    • VennData commented on Jun 10

      And the wonderful GOP Governors who deny Federal Medicaid assistance solely to keep the Obamacare numbers down.

      Those governors and their cronies have THEIR healthcare.

    • VennData commented on Jun 10

      It’s fun to watch the minorty white kids racist with Republican parents get slammed, ostracized on Social media.

      With those records permanent. They will no way those punks can take back what they said other then to make up for it with more apologizes, actions, and visible change.

  2. rd commented on Jun 10

    Re: Iceland putting bankers in jail.

    I didn’t have an issue with the bailouts of the financial institutions in general. However, I have taken great exception to the concept that the people in the institutions are as systemically important as the institutions themselves, and therefore they can’t be prosecuted. The US has replaced a President in mid-term due to the potential for impeachment for high crimes. FIFA will be replacing almost all of their high-ranking officials over the next year.

    The banks and other financial entities could have done the same. Instead, we are treated to a series of investigations of rigged markets (Libor, FX, the list seems endless) because there are no consequences other than paying out a percentage of profits in fines, like paying a toll on a highway.

    • VennData commented on Jun 10

      Remember when Maria Bartiromo were screaming at the idea that capping bankers pay along with the bailout would mean we “lose” all that talent to Europe.

      Too bad Bush didn’t cap banker pay with TARP and we would have loat all that talent to Greek, Icelandic and French banks.

    • VennData commented on Jun 10

      But he WANTS free market pricing in water.


  3. howardoark commented on Jun 10

    “..because there are no consequences other than paying out a percentage of profits in fines, like paying a toll on a highway.”

    I wish the consequences of my eff-ups were that I had to pay a fine with someone else’s money.

  4. Jojo commented on Jun 10

    Sounds like an idea with potential! Or am I just being delusional and overly idealistic?
    Tea Party Oddsmaker Has Best Campaign Finance Reform Idea Yet (Really)
    By Jon Schwarz @tinyrevolution
    08 Jun 2015

    Liberals always say we need to get money out of politics. But there are three big problems with that: (1) the Supreme Court has made it near-impossible without amending the Constitution; (2) no matter what barriers you erect, money will always find ways to influence politics; and (3) maybe most importantly, politics costs money.

    What’s truly remarkable about politics in the United States is how little politics there is. A healthy democracy would have political organizers living on every block, a thriving political media, think tanks on local, state and national levels coming up with new policy ideas and publicly funded political campaigns. We have none of that. All of it would cost money.

    Yes, the presidential race next year may cost $5 billion. But rather than gasping at that, remember that the U.S. annual gross domestic product is $17 trillion, so $5 billion is about 0.03 percent of our economy. The U.S. is expected to spend $190 billion in 2016 on advertising alone, so $5 billion is only 2.6 percent of that — and there’s only a presidential race every four years, so a better comparison is to say the presidential election will cost perhaps 0.6 percent of total U.S. advertising in 2016-19.

    So the problem isn’t that we’re spending too much on politics. Instead, it’s two problems: we’re spending way too little, and what money there is is coming from far too few people.


    • willid3 commented on Jun 10

      probably the reason only a few can contribute is the rest of us cant afford it

    • willid3 commented on Jun 10

      the down side of that of course is that only when we vote do we ‘count’ . up till then its all for those pay masters

    • rd commented on Jun 10

      as well as Central Valley agriculture.

    • rd commented on Jun 10

      It will not surprise me if we have self-driving 18-wheelers on the interstates a decade from now. They could have large parking lots (like for tandem trailers now) where the self driving trucks drop off their trailers for humans to drive in the complex city driving to the final destination. The self-driving trucks could drive 24-hrs per day, stopping only for fuel (the parking lots could also have natural gas refueling stations for a clean burning fleet). The efficiency of 24-hr driving means they could simply pull off the road in snow and rain which is the conditions that self-driving (and human driven) vehicles find most difficult and dangerous.

      The human drivers would be safer because they would typically be working around their own home town with regular sleeping schedules.

      This would reduce the pressure on rail for containers, although rail would still be most efficient for long-distance hauls. Self-driving trucks could service the rail yards for transferring onto interstate highway routes for the last couple of hundred miles.

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