Story on Nassim Taleb →
Really nothing that you don’t already know if you’ve read his books, but thought provoking nonetheless .
The Cubs: 99 years of misery →
American Airlines is dying a slow death
I was supposed to be on an American Airlines flight this morning. Much to my chagrin, AA loves their vintage MD-80 aircraft and grounded every single one of them sometime early this morning which resulted in the cancellation of something like 200 flights. O’Hare was a complete mob so I decided to give up and conduct my meeting over the web this afternoon. Short AMR and long CSCO.
Soleil Levant - As One Chill music
Stroger's cousin cashes in →
Classic “Crook” County. A 1% sales tax hike (highest in the nation!) to pay for double digit government salary increases. Will voters ever wise up?
New music - Death Cab for Cutie
Death Cab for Cutie has a new album in the pipeline. The first single is great. I heard it via the Hype Machine on a blog post. Just a warning—it’s an 8 minute track and has a long build up until lyrics kick in. WXRT is working it into the rotation, but it’s the radio edit which I don’t think you’ll get the same effect from. Check it out: I Will Possess Your Heart...
Jim Rogers is right on →
Grant found these guys (on a Kia commercial). They’re playing at Uncommon Ground next weekend. Here’s their MySpace page: Horse In The Sea
Back to basics
This here NY Times article does a decent job explaining the market turmoil as if you were talking to a kid. As I said previously, the basic issue is quite clear! Downward sloping mean reversion is not fun.
Those wacky Dow Jones reporters
Hot off the wire: 3:41 (Dow Jones) Wow. Starbucks (SBUX) sets a new high-water mark for over-the-top hyperbole in a press release. In addition to bringing out great coffee taste, SBUX says new Clover brewing system “also adds to the theater and drama of the coffee experience through its highly visual brewing method.” The theater and drama of the coffee experience? Are you kidding?...
fred-wilson: Dead Sound - The Raveonettes - Lust...
Factset 2Q Profit Rises on Global Sales →
The JPM-Bear Stearns deal is all over the news this morning, obviously. The terms of the buyout are absolutely stunning. JPM has basically taken on a bet that much of BSC’s assets are oversold or just too illiquid to be valued right now. Even scarier is that the Fed has essentially guaranteed this deal via the Discount Window. Will we be seeing ‘writedown’ press releases from...
Warren's 2007 letter
I’ve made a point to read Warren Buffett’s letter the last few years. Not only is it interesting to see what kind of moves Berkshire has made, but he usually adds some commentary on the markets and general business environment. One such topic he included this year touched on the public’s view of market returns: ”I should mention that people who expect to earn 10% annually...
Moody's, S&P Defer Cuts on AAA Subprime, Hiding... →
I don’t mean to be all gloom and doom lately, but this stuff is pretty interesting.
For those of us not at SXSW, imeem.com has assembled a pretty good page filled with all kinds of media. I wasn’t smart enough to book a business trip down to Austin this week.
fred-wilson: Dollar Bill - Wyclef Jean -...
My rational for getting beat up on the USD/EUR...
1519 GMT [Dow Jones] As the euro punches through $1.53 and a new record Thursday, European policy makers continue to beat up on the US and ignore remedies at home, says DJ’s The Skeptic. Apart from a feeble effort to shame the US into action over the dollar’s exchange rate, it’s hard to see what the Europeans are after. Washington looks in no mind to do anything as foreign ...
Are (Most) Economists Out to Lunch? →
My first music post to Tumblr… Santagold -...