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Mazdak
In the AI Race: Embrace Commoditization, Focus on Customer Value The world of AI is a fast-paced and ever-evolving landscape, where startups are constantly vying for...
a year ago
63
a year ago
The world of AI is a fast-paced and ever-evolving landscape, where startups are constantly vying for attention and a slice of the market pie. In this competitive environment, it's easy to get caught up in the pursuit of proprietary components and cutting-edge algorithms,...
Calculated Risk
Wholesale Used Car Prices Decreased in March; Down 0.2% Year-over-year From Manheim Consulting today: Manheim Used Vehicle Value Index Shows Seasonal Decline in March...
4 months ago
34
4 months ago
From Manheim Consulting today: Manheim Used Vehicle Value Index Shows Seasonal Decline in March Despite Strong Market Demand Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in March compared to February. The Manheim Used Vehicle Value...
Mazdak
ETFs vs. Mutual Funds : The Great Investment Debate For many investors, both seasoned and new, choosing between Exchange-Traded Funds (ETFs) and mutual...
a year ago
127
a year ago
For many investors, both seasoned and new, choosing between Exchange-Traded Funds (ETFs) and mutual funds can be a head-scratcher. Both offer diversification, professional management options, and access to a variety of asset classes. However, they differ significantly in how they...
Calculated Risk
The "Home ATM" Mostly Closed in Q4 Today, in the Calculated Risk Real Estate Newsletter: The "Home ATM" Mostly Closed in Q4 A brief...
5 months ago
25
5 months ago
Today, in the Calculated Risk Real Estate Newsletter: The "Home ATM" Mostly Closed in Q4 A brief excerpt: During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent...
The Diff
Longreads + Open Thread Shanghai, Wrong, Returns, Nuclear, Employee Performance, Feedback Loops, Buffett
9 months ago
Mazdak
Regulating Crypto Eighteen states are suing the SEC over Biden's crypto crackdown. Is this the beginning of the end...
9 months ago
65
9 months ago
Eighteen states are suing the SEC over Biden's crypto crackdown. Is this the beginning of the end for crypto, or a necessary step towards mainstream adoption?
The Rational Walk
The Digest #203 American Scripture, Prometheus Bound, Herodotus on wealth, Apple intelligence, NetJets, Value...
a year ago
94
a year ago
American Scripture, Prometheus Bound, Herodotus on wealth, Apple intelligence, NetJets, Value Investor's Club, Nietzsche's world view, Are wrist watches effeminate?, Seinfeld on writing
The Rational Walk
By diverse means we arrive at the same end Montaigne's Essays: Book 1, Chapter 1
a year ago
Citation Needed
It matters. I care. Giving up on the idea that truth matters is not just cynicism, it’s surrender.
2 months ago
Calculated Risk
Housing Jan 6th Weekly Update: Inventory down 2.4% Week-over-week, Up 27.3% Year-over-year Altos reports that active single-family inventory was down 2.4% week-over-week. Inventory will...
7 months ago
55
7 months ago
Altos reports that active single-family inventory was down 2.4% week-over-week. Inventory will continue to decline seasonally and probably bottom in late January or February.   The first graph shows the seasonal pattern for active single-family inventory since 2015. Click...
Commoncog
A Vaccine for Anthropomorphism of AI How to resist thinking of large language models as friends. Or sentient things. Or intelligences you...
a month ago
21
a month ago
How to resist thinking of large language models as friends. Or sentient things. Or intelligences you have to treat like God.
Commoncog
Stan Slap on the Art of Building Effective Employee Cultures Cedric talks to Stan Slap, international consultant to the Fortune 500, on a powerful, coherent...
9 months ago
74
9 months ago
Cedric talks to Stan Slap, international consultant to the Fortune 500, on a powerful, coherent model for shaping employee culture.
balajis.com
The Network State Book A new book on starting new countries. Available on Kindle and for free at thenetworkstate.com.
over a year ago
30
over a year ago
A new book on starting new countries. Available on Kindle and for free at thenetworkstate.com.
The Rational Walk
What I’ve Been Reading This post is a list of books that I read in the first quarter of 2025, including The Lessons of...
4 months ago
51
4 months ago
This post is a list of books that I read in the first quarter of 2025, including The Lessons of History, American Journey, the works of Aristophanes, Plato, Xenophon, and more.
The Rational Walk
The Theban Plays The tragic life of Oedipus is the subject of The Theban Plays by Sophocles. The horrors of its plot...
11 months ago
105
11 months ago
The tragic life of Oedipus is the subject of The Theban Plays by Sophocles. The horrors of its plot has captivated audiences for nearly 2,500 years.
Citation Needed
Citation Needed has a new home Citation Needed is no longer hosted on Substack. Welcome to my antifascist bar.
a year ago
The Rational Walk
Two Sides of the Same Coin Savings and consumption are joined at the hip. The more we consume during our working years, the...
a year ago
104
a year ago
Savings and consumption are joined at the hip. The more we consume during our working years, the longer it will take to achieve financial independence.
The Rational Walk
Berkshire Hathaway’s 2025 Proxy Statement Berkshire has introduced a retirement age of eighty for most directors, a surprising development...
5 months ago
72
5 months ago
Berkshire has introduced a retirement age of eighty for most directors, a surprising development given Warren Buffett's prior statements.
FIRE v London
The richest person you know What’s it like to be in the top 1%? According to the statistics, most of the readers of my blog are...
over a year ago
147
over a year ago
What’s it like to be in the top 1%? According to the statistics, most of the readers of my blog are among the highest earning and/or richest people in the UK. I bet however that not many of you feel that way. Let’s start with income To be in the top 1% of earnings in… Continue...
Calculated Risk
Friday: Markets Closed for Good Friday Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. US markets will...
4 months ago
31
4 months ago
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. US markets will be closed in observance of Good Friday. State Employment and Unemployment (Monthly) for March 2025
Calculated Risk
ICE Mortgage Monitor: Property Insurance Costs Rose at a Record Rate in 2024 Today, in the Real Estate Newsletter: ICE Mortgage Monitor: Property Insurance Costs Rose at a...
5 months ago
30
5 months ago
Today, in the Real Estate Newsletter: ICE Mortgage Monitor: Property Insurance Costs Rose at a Record Rate in 2024 Brief excerpt: Property Insurance Premiums Increased Sharply in 2024 • The average annual property insurance premium among mortgaged single-family homes rose by a...
Calculated Risk
Friday: Employment Report Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier...
7 months ago
52
7 months ago
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: Employment Report for December.   The consensus is for 160,000 jobs added, and for the unemployment rate to be unchanged at 4.2%. University of Michigan's Consumer sentiment index...
Moneyness
Here’s why we tolerate fake check scams Source: Better Business Bureau The daily news is filled with personal stories about bad...
7 months ago
26
7 months ago
Source: Better Business Bureau The daily news is filled with personal stories about bad experiences with banks. Here’s a recent example. In November 2024, a charity inadvertently accepted a fake check from a would-be donor. The charity's bank allowed the charity to deposit...
Calculated Risk
Thursday: Unemployment Claims, Philly Fed Mfg Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. initial weekly...
6 months ago
28
6 months ago
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. initial weekly unemployment claims report will be released. The consensus is for an increase to 216 thousand from 213 thousand last week. manufacturing survey for February. The consensus is for a...
Citation Needed
Issue 43 – Laser eyes Two crypto firms emerge from bankruptcy, and a Bored Ape party turns out even worse than it sounds.
a year ago
Calculated Risk
Housing Jan 13th Weekly Update: Inventory down 1.7% Week-over-week, Up 23.6% Year-over-year Altos reports that active single-family inventory was down 1.7% week-over-week. Inventory will...
7 months ago
38
7 months ago
Altos reports that active single-family inventory was down 1.7% week-over-week. Inventory will continue to decline seasonally and probably bottom in late January or February.   The first graph shows the seasonal pattern for active single-family inventory since 2015. Click...
The Rational Walk
The Digest #187 Damage repair, Claude Shannon, Elon Musk's pay, Intellectual obesity, Apple Vision Pro, Ignoring the...
a year ago
106
a year ago
Damage repair, Claude Shannon, Elon Musk's pay, Intellectual obesity, Apple Vision Pro, Ignoring the market, Damodaran data updates, Apple packaging, Samsung, Big Pharma
oftwominds-Charles...
The Economy of Denial: Addiction, Extortion, Deception Denial doesn't end well, and the 'Economy of Denial' is destined to deconstruction. Even the...
5 months ago
46
5 months ago
Denial doesn't end well, and the 'Economy of Denial' is destined to deconstruction. Even the most opinionated become circumspect when the discussion turns to The Addiction Economy, for the term The Addiction Economy calls things by their real name, which disrupts our...
balajis.com
Only Newsom Can Go To China If Nixon and Mao came to an accord, so might Newsom and Xi.
a year ago
Citation Needed
Issue 49 – And so the Lord says "give them a 10x" Bitcoin ETP approval, God-sent crypto scammers, and more trouble in Justin Sun's world.
a year ago
Mazdak
The Weight-Loss Gold Rush A Race to Develop Blockbuster Obesity Drugs
a year ago
Calculated Risk
February 14th COVID Update: COVID in Wastewater Moving Sideways Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. For deaths, I'm...
6 months ago
28
6 months ago
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. For deaths, I'm currently using 4 weeks ago for "now", since the most recent three weeks will be revised significantly. Note: "Effective May 1, 2024, hospitals are no longer required to report...
balajis.com
#4 - The Winklevoss Twins and Balaji Listen now (50 min) | Tyler and Cameron Winklevoss talk with Balaji about how Washington, DC is...
over a year ago
37
over a year ago
Listen now (50 min) | Tyler and Cameron Winklevoss talk with Balaji about how Washington, DC is losing crypto, while other countries like the UAE and Japan are winning web3. OUTLINE 0:00 - I'm 6'5", 220, and there's two of me! 0:58 - Crypto flippening from America to Asia
Bits about Money
A very Chicago gamble Chicago and Bally's have teamed up in an investment offering.
7 months ago
Citation Needed
Sam Bankman-Fried: guilty on all charges Jurors spent less than five hours deliberating before returning the verdict.
a year ago
Citation Needed
I am my own legal department: the promise and peril of “just go independent” Independent publishing is one important facet of the media ecosystem, and while I love it, I know it...
10 months ago
Calculated Risk
Case-Shiller: National House Price Index Up 4.1% year-over-year in January S&P/Case-Shiller released the monthly Home Price Indices for January ("January" is a 3-month average...
5 months ago
32
5 months ago
S&P/Case-Shiller released the monthly Home Price Indices for January ("January" is a 3-month average of November, December and January closing prices). S&P CoreLogic Case-Shiller Index Records 4.1% Annual Gain in January 2025 The S&P CoreLogic Case-Shiller U.S. National Home...
oftwominds-Charles...
Welcome to the DeepSeek Disruption (DSD) In summary: bloated headcounts, no new sources of revenue from AI, and limitless content with no...
7 months ago
24
7 months ago
In summary: bloated headcounts, no new sources of revenue from AI, and limitless content with no scarcity value. Welcome to the DSD: DeepSeek Disruption. I've been fruitfully engaged in a lively dialog with readers on my Substack regarding my post yesterday Is DeepSeek a...
Calculated Risk
Tuesday: Case-Shiller House Prices From Matthew Graham at Mortgage News Daily: Mortgage Rates Start New Week With Some Hope Last week...
8 months ago
46
8 months ago
From Matthew Graham at Mortgage News Daily: Mortgage Rates Start New Week With Some Hope Last week wasn't great for mortgage rates. They moved higher on each of the 5 days. Moreover, there was a distinct lack of logical motivation from the economic data. In fact, on a few...
Calculated Risk
Trade Deficit increased to $131.4 Billion in January The Census Bureau and the Bureau of Economic Analysis reported: The U.S. Census Bureau and the U.S....
5 months ago
28
5 months ago
The Census Bureau and the Bureau of Economic Analysis reported: The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $131.4 billion in January, up $33.3 billion from $98.1 billion in December, revised. ...
oftwominds-Charles...
A Decade of Headwinds These headwinds will persist for the next decade or two. The stock market is rallying hard...
4 months ago
36
4 months ago
These headwinds will persist for the next decade or two. The stock market is rallying hard after a brutal sell-off--not an uncommon occurrence. As we savor our winnings in the ship's first-class casino, it's not a bad idea to step out onto the deck and gauge the weather. ...
The Diff
Globalization, Regulatory Arbitrage, and Reshoring-on-Paper Plus! Antitrust Enforcement; Full-Stack; Decentralizing; Spoiler Bids; Platform Management
6 months ago
The Diff
Longreads + Open Thread Movies, Scams, Decentralization, Reading, AI, Offline, Trade
4 months ago
FIRE v London
Mar ’25: Anticipating tariffs What’s in the news? Talking about the news in March, give nwhat’s been happing on the tariff front...
4 months ago
49
4 months ago
What’s in the news? Talking about the news in March, give nwhat’s been happing on the tariff front over the last few weeks, seems a bit pointless. We entered March with a lot of drama about Ukraine, and some notable ‘ceasefire’ activity on the diplomatic front. We finished March...
The Rational Walk
The Berkshire Hathaway MBA Studying Warren Buffett, Charlie Munger, and Berkshire Hathaway's history can provide a level of...
over a year ago
46
over a year ago
Studying Warren Buffett, Charlie Munger, and Berkshire Hathaway's history can provide a level of fluency in business and investing rivaling a costly MBA degree.
The Rational Walk
Too Clever by Half! The temptation to trade in the stock market can be overwhelming, especially when prices are moving...
a year ago
56
a year ago
The temptation to trade in the stock market can be overwhelming, especially when prices are moving quickly. It's useful to ask, "What would Charlie Munger say?"
Calculated Risk
February Employment Preview On Friday at 8:30 AM ET, the BLS will release the employment report for February. The consensus is...
5 months ago
25
5 months ago
On Friday at 8:30 AM ET, the BLS will release the employment report for February. The consensus is for 158,000 jobs added, and for the unemployment rate to be unchanged at 4.0%. We estimate nonfarm payrolls rose by 170k in February, slightly above consensus of +160k but below...
oftwominds-Charles...
What's "Normal" in a Hyper-Normalized World? Now that the entire economy depends on these hyper-normalized speculative bubbles for its "growth"...
4 months ago
46
4 months ago
Now that the entire economy depends on these hyper-normalized speculative bubbles for its "growth" and "wealth," there is a profound fear of a future based not on artifice but on the real world. Humans are quick to habituate to current conditions, i.e. consider them normal....
Citation Needed
Issue 53 – Choose rich Euphoria has risen along with crypto prices, but nothing has changed from the last bubble.
a year ago
Molson Hart's Blog -...
Richard the Great This is a eulogy for my father. Its goal is to honor the man for who he was and what he...
over a year ago
20
over a year ago
This is a eulogy for my father. Its goal is to honor the man for who he was and what he accomplished, but also to pass on the lessons we can learn from his life. Richard Michael Hart was born on November 1st, 1941 in Porirua, New Zealand. Richard was not so studious. He...