Capitalogix

Wisdom in the Age of Information: The Future of Story-Telling

“We live in a world awash of information, but we seem to face a growing scarcity of wisdom,” states Maria Popova, Founder of the website Brain Pickings.

She believes that stories—in the broadest sense of the word—shape the meaning and momentum of everyday life.

 

 

 via YouTube.

Stories will never die, but the ways we tell them are changing.

Interesting.

Here Are Some Links For Your Weekend Reading

Sometimes the News cycle is worse than the news itself.

 

Here are some of the posts that caught my eye. Hope you find something interesting.

 

Lighter Links:

• Google's 'Perfect Human' Project Isn't Evil, It's Business. (TheVerge)
• Human Workers Report Feeling Most Productive When Led By Artificial Intelligence. (PBS)
• How the NSA Built Its Own Secret Google. (First Look)
• Welcome to the New U.S. Digital Service: Geeks wanted, no stodgy suits required. (GeekWire)
• Software Shows What Children Will Look Like In 70 Years, With Unprecedented Accuracy. (Popular Science)

 

Trading Links:

• Wall Street's Revenge of the Nerds Means Fooling All The People All the Time. (Guardian)
• Crazy Prediction. Why You Should Expect More Quantitative Easing. (Joe Fahmy)
• Whopping 35% Have Debt in Collection in America: Where Is It? (GlobalEcon)
• Microsoft Has Lost About $1.7 Billion On Surface - So Far ... (CiteWorld)
• Goldman Sachs - On Crash Risk: The Simple Reason We're Probably Not About to Have Another Huge Crash. (Business Insider)

How Likely Is It That the Market Rallies Here?

Was just looking at a chart of the S&P 500 Index ...

 

 

Seems that we are at a decision point.  Several years of history suggest that prices hold here.

In addition, the following video shows Ray Dalio explaining why he agrees with the Fed about interest rates.

 

 

 More from Bridgewater's Dalio here .

 

He warns, however, that due to The Federal Reserve's extreme monetary policy, "the prospective return of asset classes is very narrow," with expected returns for equities of "only about 4 percent."

This is a problem, he explains, as monetary policy relies on that transmission mechanism of apparent wealth creation to keep the dream alive.

While he believes in the short-term, the US economy can maintain stability (not commenting on the market per se), his "biggest concern is when the next downturn comes in 1-2 years," the central bank must be on the 'tighter' side of market expectations to be capable of providing its life-giving elixir once again.

Nonetheless, Dalio sums it up by reminding  ... "There is always a downturn."

Here Are Some Links For Your Weekend Reading

Today is Yom Kippur, one of the holiest days of the year for Jews (and a day where many choose not to eat or drink in atonement for their sins of the prior year).  In other words, this is pretty much the only day someone wishes they were eating matzoh on Passover.

 

 

Happy New Year to my Jewish friends!

Here are some of the posts that caught my eye. Hope you find something interesting.

 

Lighter Links:

• New Book about Habit Formation, Distilled into 21 Sentences. (GR)
• 5 Chinese Ghost Cities Come Alive. (BullionStar)
• Brain Drain: Are We Evolving Stupidity? (New Scientist)
• 50 Best Voice Commands from Apple’s Siri, Microsoft’s Cortana & Google Now. (Video)
• Forget Siri: Its Inventors Are Building a Radical New AI that Teaches Itself and Reads Your Mind. (Wired)

 

Trading Links:

• A Dozen Things Learned from Jeff Bezos. (25iq)
• Why a Soaring Stock Market Is Wasted on the Young. (NYTimes)
• Priciest Divorce Ever? How Oilman Harold Hamm Could Lose $17 Billion. (NBC News)
• Three Big Picture Shifts Worth Paying Attention to Today. (BlackRock)
• Interview With Bill Gurley: The Guy Who Backed OpenTable, Yelp, GrubHub, Twitter, Zillow And Uber. (Forbes)