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Here Are Some Links For Your Weekly Reading – November 5th, 2017
Here are some of the posts that caught my eye recently. Hope you find something interesting.- The Most Important Skunk Works Rules for Your Success. (Inc)
- Scientists Find out How Hope Protects the Brain. (BigThink)
- Music Produces Pleasure in Similar Way as Drugs, Sex. (NewsWeek)
- A New Tool Lets You Visualize the Spread of Fake News. (SeanLawson)
- Donald Trump Calls out Mark Cuban on Twitter, Says Mavs Owner 'Not Smart Enough to Run for President'. (SportsDay)
- CME Plans to Launch Bitcoin Futures by Year-end. (CNBC)
- Confessions of an Artificial Intelligence Hedge Fund Manager: Howard Getson. (WealthFormula)
- Stick with Numbers When Judging Trump's Rally. (Bloomberg)
- The Mother of All Financial Bubbles: "This is the Very Definition of Unsustainable". (ZeroHedge)
- These are the Four Questions Y Combinator Uses to Identify the Next Unicorn. (Quartz)
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Resisting the War on Science: Sifting Through the Bullshit.
There seems to be a rising movement of anti-intellectualism and homegrown "experts" believing they know more than experts who have spent their careers creating informed opinions based on textbooks, peers, and experience.
"I saw it on facebook", "I googled my symptoms and it's definitely Lupus", "That's just a hypothesis, there's no proof…"
It is increasingly difficult for people to discern what's real from what's fake, and it's undermining the authority of experts. \
Experts make mistakes, and scientists and doctors are constantly learning, but having well-informed experts who can challenge those mistakes and create solutions. We wouldn't have the world today without that established knowledge base.
So how do you become better informed?
First off, acknowledging expertise, and searching for credible sources is paramount. Researching dissenting opinions and sources from the opposite side of the spectrum can also provide insight.
If most the news sources you follow are liberal-biased, don't neglect to research the other side of the spectrum and vice versa. Otherwise, you can end up in an echo chamber. When looking at studies or articles, be aware of fallacies and learn to spot bad science.
Finally, remember that none of that is a substitute for a proper education.
While we can learn a lot from the internet, it's easy for our understandings to lack nuance or context.
Be careful.
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Wealth Formula – Howard Getson and Buck Joffrey Talk The Future of Trading
I'm excited … because I've been at Joe Polish's Genius Network Annual Event this weekend.
Genius Network is a business group that also serves as an advisory board, counselor's office, and idea factory.
It brings brilliant minds and industry transformers together in a forum focused on innovation, creative disruption, and possibility.
Peer groups, like this, help you set (and raise) standards.
They help bring new capabilities, but also new possibilities, new found energies and a reconnection to your purpose, mission, and values.
This is a great place to meet extraordinary people.
Buck Joffrey is one of them. He is a doctor, an international best selling author, member of Genius Network, and host of WealthFormula (which is a podcast where he educates professionals on how to build lasting wealth).
Buck recently interviewed me for WealthFormula. We talked about old-world trading versus new-world trading … and where I think A.I and Machine Learning have the best opportunities to add alpha and help investors make and keep more money.
You can listen to it below (or subscribe to his podcast on iTunes, Android, or RSS).
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Here Are Some Links For Your Weekly Reading – October 29th, 2017
Mike Keefe via InToonHere are some of the posts that caught my eye recently. Hope you find something interesting.
- Why Facts Don't Change Our Minds. (NewYorker)
- North Korea's next Menace May Be a Biological-Weapons Arsenal. (Apple)
- 4 Billion Years of Technology in One Infographic. (VisualCapitalist)
- Half of the World is Now Connected to the Internet: Study. (NetworksAsia)
- The Principles of Quantum Team Management. (FirstRound)
- Data is Giving Rise to a New Economy. (Economist)
- Apple Vs. Google Company Structure, as Seen through Patents. (FlowingData)
- The $74 Trillion Global Economy in One Chart. (VC)
- How Dangerous is a Stock Market of Mindless Robots? (Wall Street Journal)
- An Investing Legend Who's Nailed the Market at Every Turn Just Got Even More Bullish on Stocks. (BI)
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What Do You Buy Someone Who Has Everything?
I'm getting cynical, I understand planned obsolescence … but has it occurred to you that Apple could make their phones act sluggish just before the launch of a new version?
My phone has been driving me nuts. So, (as I write this) I'm up at 2 am to place my order for the new iPhone X.
On one hand, it satisfies my desire for the new and shiny … but, on the other hand, it makes it harder for my wife.
Buying gifts is often hard. But it gets harder when the giftee already has everything (or buys it himself).
That is where Neiman Marcus comes in.
Every year since 1959, Neiman Marcus has published a Christmas Book. Primarily comprised of normal Neiman Marcus offerings … the book also contains pretty amazing "fantasy" gifts. For example, who doesn't want a rose-gold Cobalt Valkyrie-X private plane (worth $1.5 million) …
Neiman MarcusI don't know about you, but it's a little feminine for me.
Or, there is a private Submarine (worth $20,000,000).
Neiman MarcusBut that is only good if you don't have one already.
You can check out NM's 2017 Fantasy Gift List, here, and get a personal trip to Champagne, France or a pair of specially commissioned His and Hers Rolls Royces.
Let me know if you have any good gift ideas. I'm always looking for them.
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The Next Gilded Age … This Generation’s Carnegies, Rockefellers and Vanderbilts
The world's super-rich hold the greatest concentration of wealth since the turn of the 20th century.
According to The Guardian, there are now 1,542 billionaires in the world. Meanwhile, last year, the collective wealth of billionaires increased almost a fifth – to six trillion dollars. For context, that's more than almost every country's GDP… except the top 4 (China, United States, India, and Japan).
The first Gilded Age was established by monopolies in US rail, oil, steel, and banking.
Income equality was extreme with the Vanderbilts being worth $185 billion due to his railroad empire, Andew Carnegie being worth $309 billion due to his steel empire, and John D. Rockefeller built an Oil empire (it controlled about 90% of the American oil business) that netted him $336 billion.
It's interesting to look at the transition from the richest in the late 1800's to the richest in 2017 … the transition from industries like Steel, Oil and Rail, into companies like Amazon, Microsoft and Walmart.
While there are more "super-rich" today than before, our wealthiest individuals don't compare to before. Jeff Bezos is worth approximately $90 billion, Bill Gates is worth approximately $90 billion, and the Walton family has a combined net worth of about $149 billion. You can check out a full list of the top 10 richest people here.
Let me know when your name makes that list. I'll do the same.
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Here Are Some Links For Your Weekly Reading – October 22nd, 2017
Here are some of the posts that caught my eye recently. Hope you find something interesting.
- Google X and the Science of Radical Creativity. (CNN)
- How Israel Caught Russian Hackers Scouring the World for U.S. Secrets. (New York Times)
- Gartner 2017 Magic Quadrant for Data Science Platforms: Gainers and Losers. (KDNuggets)
- In the Future Apps Will Be Programmed in Models Not Code: Microsoft's Norm Judah. (Reuters India)
- Does Your Vote Count? the Electoral College Explained – Christina Greer. (YouTube)
- AAII Sentiment Survey: Pessimism Pulls Back. (Forbes)
- JPMorgan Chase is on a Roll and the Party Isn't Over. (SeekingAlpha)
- Bitcoin is Now Bigger Than Goldman Sachs and Morgan Stanley. (Fortune)
- We Asked Dozens of Young Bankers to Name Their Biggest Wall Street Concern and One Answer Came up over and Over. (BusinessInsider)
- Apple, Google, Others Say Chinese Investment Regulations Infringe on Intellectual Property Rights. (Appleinsider)
