Friday, September 30, 2016


The Base Rate Book: Integrating the Past to Better Anticipate the Future - by Michael Mauboussin et al. [H/T Hurricane Capital] (LINK)

Phil Jaber and friends : "Philz Coffee" | Talks at Google [H/T @iancassel] (LINK)

Moleskine Turns Paper Into Big Profit for Private-Equity Owner [H/T @chriswmayer] (LINK)

Microsoft to Salesforce: Game on (LINK)

Trump Tees Up a Necessary Debate on the Fed [H/T Matt] (LINK)
Leave the conspiracy theory aside and look at the facts: Since the Fed began aggressive monetary easing in 2008, my calculations show that nearly 60% of stock market gains have come on those days, once every six weeks, that the Federal Open Market Committee announces its policy decisions. 
Put another way, the S&P 500 index has gained 699 points since January 2008, and 422 of those points came on the 70 Fed announcement days. The average gain on announcement days was 0.49%, or roughly 50 times higher than the average gain of 0.01% on other days. 
Danny Meyer Just Single-Handedly Made the Apple Watch Relevant to the Hospitality Industry [H/T @IntrinsicInv] (LINK)

The Tim Ferriss Show: Matt Mullenweg on the Characteristics and Practices of Successful Entrepreneurs (podcast) (LINK)

Exponent podcast: Episode 090 — Fashionable to Be Cynical (LINK)

a16z Podcast: From Data Warehouses to Data Lakes (LINK)

Quote of the day: "There are two different states of human existence: first, to live without thinking of death; second, to live with the thought that you approach death with every hour of your life." -Leo Tolstoy (from A Calendar of Wisdom)