I have always been interested in why companies with a once dominant position in the market place manage to screw it up completely and then disappear For example, Kodak who invented the digital camera being put out of business by the digital camera. Research in Motion (RIMM) were the creators of the Blackberry which was…
One of the more perplexing things to me is how idiocy survives through the ages. Granted, a strict Darwinian approach doesn’t work because their stupidity is not on the same level of poking a Sabre Tooth tiger before the age of puberty. Which is a pity because my guess is a grumpy cat weighing 200…
In June, his blog post about the financial repression of the Chinese banking system had New York Times columnist and Nobel Prize-winning economist Paul Krugman warning about a lurking time bomb as savers pull their money from the banking system. “The trade over the past two years has been to be short China and go long…
From Science-Based Life Creationism, or the set of beliefs claiming that the universe, Earth, and all of its inhabitants were created by a deity less than 10,000 years ago (the “young earth” variety), is scientifically untenable. We have no evidence to suggest that the Earth is so young, or that organisms have persisted in their…
I got bounced this article by Michael Pascoe for comment. To save you reading it the gist is this. People who have been making predictions about the death of China seemed to have cocked it up. I am not certain what we are surprised about, the fact that people making predictions cock it up or…
It’s good to be a successful alternative investments manager, as demonstrated by the generous sprinkling of their names in this year’s Forbes 400 ranking of the richest Americans. But it may be even better to be a retired (or semi-retired) alternative investments manager. The top two hedge-fund names on Forbes’ annual list have both stopped…
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