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Citation Needed
Issue 71 – (Crypto) banks are not your friends Celsius’ Alex Mashinsky pleads guilty to fraud, some Tornado Cash sanctions are overturned, and tech...
9 months ago
77
9 months ago
Celsius’ Alex Mashinsky pleads guilty to fraud, some Tornado Cash sanctions are overturned, and tech billionaires complain about “debanking”.
Mazdak
Decentralization Debate: Unpacking Bluesky's Architecture Is Bluesky REALLY decentralized? Join us as we analyze Bluesky's architecture and discuss whether it...
9 months ago
73
9 months ago
Is Bluesky REALLY decentralized? Join us as we analyze Bluesky's architecture and discuss whether it truly lives up to the hype.
Calculated Risk
New Home Sales Increase to 724,000 Annual Rate in March The Census Bureau reports New Home Sales in March were at a seasonally adjusted annual rate (SAAR)...
4 months ago
35
4 months ago
The Census Bureau reports New Home Sales in March were at a seasonally adjusted annual rate (SAAR) of 724 thousand. Sales of new single-family houses in March 2025 were at a seasonally-adjusted annual rate of 724,000, according to estimates released jointly today by the U.S....
Calculated Risk
Newsletter: Housing Starts Increased to 1.501 million Annual Rate in February; Length of Time from... Today, in the Calculated Risk Real Estate Newsletter: Housing Starts Increased to 1.501 million...
5 months ago
25
5 months ago
Today, in the Calculated Risk Real Estate Newsletter: Housing Starts Increased to 1.501 million Annual Rate in February A brief excerpt: Total housing starts in February were above expectations; however, starts in December and January were revised down slightly, combined. Total...
The Rational Walk
Berkshire Hathaway’s Q3 2023 Results — Manufacturing, Service, and Retailing A review of Berkshire's large collection of non-insurance operating businesses, with a focus on...
a year ago
63
a year ago
A review of Berkshire's large collection of non-insurance operating businesses, with a focus on results in Q3 2023 as well as a longer term view.
Commoncog
Power and Asian Business The culmination of the Power in Business mini series. What it’s like doing business without the Rule...
9 months ago
99
9 months ago
The culmination of the Power in Business mini series. What it’s like doing business without the Rule of Law.
Calculated Risk
ISM® Services Index Increased to 51.6% in April (Posted with permission). The ISM® Services index was at 51.6%, up from 50.8% last month. The...
4 months ago
22
4 months ago
(Posted with permission). The ISM® Services index was at 51.6%, up from 50.8% last month. The employment index increased to 49.0%, from 46.2%. Note: Above 50 indicates expansion, below 50 in contraction. Services PMI® at 51.6% April 2025 Services ISM® Report On...
Mazdak
Anthropic's AI Breakthrough & Boeing's Q3 Disaster Boeing's Q3 earnings report reveals a massive loss, while Anthropic's Claude AI showcases...
10 months ago
39
10 months ago
Boeing's Q3 earnings report reveals a massive loss, while Anthropic's Claude AI showcases mind-blowing new capabilities.
The Rational Walk
The Digest #160 Steve Jobs in his own words, Risk free rates, Saving for a home, Buffett's investments in Japan,...
over a year ago
49
over a year ago
Steve Jobs in his own words, Risk free rates, Saving for a home, Buffett's investments in Japan, Flawed memories, Podcast interviews with Rudy Havenstein, Doomberg, Paul Graham, and Guy Spier.
Commoncog
Focus Doesn't Mean Doing One Thing at a Time Focus may be about saying no to good ideas, but it certainly doesn't mean doing one thing at a time....
over a year ago
113
over a year ago
Focus may be about saying no to good ideas, but it certainly doesn't mean doing one thing at a time. This is what focus looks like at an organisational level, told through the story of a business turnaround and the Marine Corps approach to war.
Mazdak
Reddit CEO: Third-Party App Developers Have Made Millions, So They Should Pay for API Access The Future of Third-Party Reddit Apps: Will They Survive the API Changes? Binance.US Lays Off 50...
over a year ago
37
over a year ago
The Future of Third-Party Reddit Apps: Will They Survive the API Changes? Binance.US Lays Off 50 Employees After SEC Charges. Google Bans AI Chatbots to Protect Sensitive Information. The Future of Third-Party Reddit Apps: Will They Survive the API Changes?
Calculated Risk
Weekly Initial Unemployment Claims Decrease to 228,000 The DOL reported: seasonally adjusted initial claims was 228,000, a decrease of 13,000 from the...
4 months ago
32
4 months ago
The DOL reported: seasonally adjusted initial claims was 228,000, a decrease of 13,000 from the previous week's unrevised level of 241,000. The 4-week moving average was 227,000, an increase of 1,000 from the previous week's unrevised average of 226,000. emphasis added The...
Calculated Risk
PCE Measure of Shelter Decreases to 4.3% YoY in February Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE...
5 months ago
32
5 months ago
Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report this morning, both through February 2025. CPI Shelter was up 4.2% year-over-year in February, down from 4.4% in January, and down from the cycle peak of 8.2% in March...
Calculated Risk
January 25th COVID Update: COVID in Wastewater Decreasing Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. SPECIAL NOTE:...
7 months ago
48
7 months ago
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. SPECIAL NOTE: The CDC has stopped releasing health data (hopefully temporarily). For deaths, I'm currently using 4 weeks ago for "now", since the most recent three weeks will be revised...
Calculated Risk
ADP: Private Employment Increased 122,000 in December From ADP: ADP National Employment Report: Private employers added 122,000 jobs in December “The...
8 months ago
40
8 months ago
From ADP: ADP National Employment Report: Private employers added 122,000 jobs in December “The labor market downshifted to a more modest pace of growth in the final month of 2024, with a slowdown in both hiring and pay gains. Health care stood out in the second half of the year,...
FIRE v London
August ’24: From triumph to tragedy Looking back on the month, it was more eventful than Augusts are reputed to be. In the UK we are...
a year ago
119
a year ago
Looking back on the month, it was more eventful than Augusts are reputed to be. In the UK we are getting used to our new government. And, in some cases, violently testing its boundaries with some summer rioting. We’ve seen some dreadful street behaviour, frequently of a racist /...
Calculated Risk
Weekly Initial Unemployment Claims Increase to 219,000 The DOL reported: seasonally adjusted initial claims was 219,000, an increase of 11,000 from the...
7 months ago
37
7 months ago
The DOL reported: seasonally adjusted initial claims was 219,000, an increase of 11,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 207,000 to 208,000. The 4-week moving average was 216,750, an increase of 4,000 from the...
Commoncog
There Is No Truth in Business, Only Knowledge 'Knowledge' here is defined as 'theories or models that help you predict better'. How an idea from...
over a year ago
102
over a year ago
'Knowledge' here is defined as 'theories or models that help you predict better'. How an idea from W. Edwards Deming may well be a working philosophy of business.
Citation Needed
Transcript of leaked call with Meteora’s Ben Chow A transcript of a leaked call between DefiTuna’s Moty Povolotski and Meteora’s Ben Chow
6 months ago
Bits about Money
Demystifying financial leverage Leverage is actually reasonably easy to understand, both in the math and in the implications for...
over a year ago
34
over a year ago
Leverage is actually reasonably easy to understand, both in the math and in the implications for financial firms.
Calculated Risk
Cleveland Fed: Median CPI increased 0.3% and Trimmed-mean CPI increased 0.2% in February The Cleveland Fed released the median CPI and the trimmed-mean CPI. Click on graph for larger...
5 months ago
28
5 months ago
The Cleveland Fed released the median CPI and the trimmed-mean CPI. Click on graph for larger image. On a year-over-year basis, the median CPI rose 3.5% (down slightly unrounded from 3.5% YoY in February), the trimmed-mean CPI rose 3.0% (down from 3.1%), and the CPI less food...
Calculated Risk
Wednesday: Trade Deficit, ADP Employment, ISM Services Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. mortgage...
7 months ago
38
7 months ago
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. mortgage purchase applications index. ADP Employment Report for January. This report is for private payrolls only (no government). The consensus is for 150,000 payroll jobs added in January, up...
Mazdak
A Brighter Outlook for Home Buyers in 2024? The Federal Reserve's recent announcement of potential interest rate cuts in 2024 has sent ripples...
a year ago
105
a year ago
The Federal Reserve's recent announcement of potential interest rate cuts in 2024 has sent ripples through the housing market, sparking both excitement and cautious optimism among prospective buyers and existing homeowners alike. While the prospect of lower mortgage rates is...
Mazdak
Move Your Business Abroad: A Step-by-Step Guide for Entrepreneurs Expanding your business abroad can be a great way to reach new markets, increase revenue, and...
a year ago
89
a year ago
Expanding your business abroad can be a great way to reach new markets, increase revenue, and diversify your portfolio. However, it's important to do your research and take the necessary steps to ensure a successful transition. Here are some practical tips for entrepreneurs...
The Rational Walk
What I’ve Been Reading This post is a list of books that I read in the second quarter of 2025, including The Snowball, The...
a month ago
32
a month ago
This post is a list of books that I read in the second quarter of 2025, including The Snowball, The Haywire Heart, Plato's Republic, and the King James Bible
Calculated Risk
MBA: Mortgage Applications Decreased in Weekly Survey From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications...
8 months ago
42
8 months ago
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 3, 2025....
The Rational Walk
The Digest #220 The Intelligent Investor, Antitrust and Big Tech, Berkshire Hathaway's Moat, Nuclear War Risks, The...
10 months ago
81
10 months ago
The Intelligent Investor, Antitrust and Big Tech, Berkshire Hathaway's Moat, Nuclear War Risks, The Invisible Man, AIG's Rise & Fall, Housing Prices, Barbary Wars, Speeches of Pericles
Mazdak
Popular Business Tips That Are Actually Hurting Your Success In the age of LinkedIn influencers and business gurus, we're bombarded with seemingly wise advice...
10 months ago
49
10 months ago
In the age of LinkedIn influencers and business gurus, we're bombarded with seemingly wise advice that often does more harm than good.
Calculated Risk
Asking Rents Mostly Unchanged Year-over-year Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year Brief excerpt:...
5 months ago
32
5 months ago
Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year Brief excerpt: Another monthly update on rents. Apartment List: Asking Rent Growth -0.4% Year-over-year ... On the supply side of the rental market, our national vacancy index now sits at 6.9...
Mazdak
5 Must-Read Finance Books for Building Wealth
over a year ago
balajis.com
Decentralizing Education with Synthesis I'm co-leading a round in Synthesis, a startup scaling the custom school built for Elon Musk’s kids.
over a year ago
Seeking Wisdom
It’s a treasure trove of health insights! Use Insulin wisely Life on Earth started simple. For nearly 2 billion years, tiny single-celled...
10 months ago
108
10 months ago
Use Insulin wisely Life on Earth started simple. For nearly 2 billion years, tiny single-celled organisms dominated. Then, a lucky accident changed everything. One cell swallowed another, and the swallowed cell became mitochondria, the powerhouse of complex cells. This chance...
Mazdak
ChatGPT’s Newest Feature Lets You Customize Its Personality OpenAI has announced an exciting update for ChatGPT users: the ability to customize the chatbot’s...
7 months ago
68
7 months ago
OpenAI has announced an exciting update for ChatGPT users: the ability to customize the chatbot’s personality and interaction style.
Calculated Risk
2nd Look at Local Housing Markets in March Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in March A...
4 months ago
35
4 months ago
Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in March A brief excerpt: This is the second look at several early reporting local markets in March. I’m tracking over 40 local housing markets in the US. Some of the 40 markets are states,...
The Diff
PE: Cycles and One-Off Events Plus! Streaming and Marketplaces; Automating Applications; Edge AI; Tariff Day; The AI Buildout
6 months ago
Mazdak
Google's Gemini Enters the AI Arena: Ready to Take on OpenAI? Get ready for a new contender in the world of large language models (LLMs): Google's Gemini! This...
a year ago
102
a year ago
Get ready for a new contender in the world of large language models (LLMs): Google's Gemini! This powerful AI is set to shake things up, potentially rivaling big names like OpenAI and Microsoft. What's the Buzz About Gemini? Gemini comes in three flavors:
Bits about Money
The business of wallets How digital wallets work, and how payment costs drive a lot of product decisions inside and around...
a year ago
119
a year ago
How digital wallets work, and how payment costs drive a lot of product decisions inside and around them.
Mazdak
Google's AI Search Tool: A Traffic Nightmare for Publishers? AI Threatens to Shake Up the News Landscape.
a year ago
The Rational Walk
Pilot’s Founders vs. Berkshire Hathaway Warren Buffett's reputation as a straight shooter is called into question by the Haslam family in a...
a year ago
48
a year ago
Warren Buffett's reputation as a straight shooter is called into question by the Haslam family in a dispute over the valuation of their remaining 20% interest.
Calculated Risk
MBA: Mortgage Applications Decreased in Weekly Survey From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications...
8 months ago
59
8 months ago
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 0.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 13,...
The Diff
Longreads + Open Thread Tract, Brains, 9/11, Diplomacy, Credit Cards, Crashes, 2024
4 months ago
Bits about Money
Debanking (and Debunking?) Crypto advocates kicked off a recent, somewhat politicized, discussion of debanking. Strap in for...
9 months ago
109
9 months ago
Crypto advocates kicked off a recent, somewhat politicized, discussion of debanking. Strap in for scintillating banking compliance trivia.
The Rational Walk
A Very Strange Public Offering The story of the initial offering of Berkshire Hathaway's Class B stock is an excellent example of...
over a year ago
47
over a year ago
The story of the initial offering of Berkshire Hathaway's Class B stock is an excellent example of Warren Buffett's unconventional approach toward his business partners.
Mazdak
Unplugging Australia: Kids vs. Social Media Australia is going offline!
9 months ago
balajis.com
The Balaji Chat A forum for balajis.com subscribers.
over a year ago
Calculated Risk
1.73 million Total Housing Completions in 2024 including Manufactured Homes; Most Since 2006 Today, in the Calculated Risk Real Estate Newsletter: 1.73 million Total Housing Completions in 2024...
7 months ago
42
7 months ago
Today, in the Calculated Risk Real Estate Newsletter: 1.73 million Total Housing Completions in 2024 including Manufactured Homes; Most Since 2006 A brief excerpt: Although total housing starts decreased 3.9% in 2024 compared to 2023, completions increased sharply...
Calculated Risk
Tuesday: NY Fed Mfg From Matthew Graham at Mortgage News Daily: Mortgage Rates Fall Back Below 7% Last Friday was...
4 months ago
25
4 months ago
From Matthew Graham at Mortgage News Daily: Mortgage Rates Fall Back Below 7% Last Friday was notable in that it was the first day since February 19th where the average top tier 30yr fixed mortgage rate ended the day over 7%. Last week was also notable for ranking among the more...
Calculated Risk
Construction Spending Decreased 0.2% in January From the Census Bureau reported that overall construction spending decreased: Construction spending...
6 months ago
30
6 months ago
From the Census Bureau reported that overall construction spending decreased: Construction spending during January 2025 was estimated at a seasonally adjusted annual rate of $2,192.5 billion, 0.2 percent below the revised December estimate of $2,196.0 billion. The January figure...
Mazdak
Waymo in Japan, Veo 2 AI video, Snapchat Monetization ... Google DeepMind has upped the game in AI video generation.
8 months ago
The Rational Walk
The Digest #225 A Dangerous Interregnum, Trump's Energy Policy, Damodaran on ESG, Buffett in 1970, Inflation's Role...
9 months ago
70
9 months ago
A Dangerous Interregnum, Trump's Energy Policy, Damodaran on ESG, Buffett in 1970, Inflation's Role in Trump's Victory, Taxes in Retirement, James J. Hill, IKEA, F. A. Hayek, Shakespeare