Wednesday, April 12, 2017


Jim Sinegal Presentation at Loyola Marymount University (2016) (LINK)

Real Life is Risk Taking – by Nassim Nicholas Taleb (LINK)

Ray Dalio on the premiere episode of Henry Blodget's new markets and economics show (video) (LINK)

Raoul Pal, Paying Attention [H/T @chriswmayer] (LINK)
India has, without question, made the largest technological breakthrough of any nation in living memory. 
Its technological advancement has even left Silicon Valley standing. India has built the world’s first national digital infrastructure, leaping at least two generations of financial technologies and has built something as important as the railroad was to the UK or the interstate highways were to the US. 
India is now the most attractive major investment opportunity in the world. 
It’s all about something called Aadhaar and a breathtakingly ambitious plan with flawless execution. 
What just blows my mind is how few people have even noticed it. To be honest, writing the article last month was the first time I learned about any of the developments. I think this is the biggest emerging market macro story in the world.
ValueAct to Return $1.25 Billion After Seeing Frothy Market (LINK)

Mark Zuckerberg On Fake News, Free Speech, And What Drives Facebook (LINK)

Sam Adams and Miller Fight Over Future Of Craft Beer (video plays) [H/T @Kevin_Holloway] (LINK)

For Whom the Bond Tolls: Low Rate Beneficiaries in a Rising Rate Environment  - by Neil Constable and Rick Friedman (LINK)
In this white paper, Neil Constable, head of GMO’s Global Equity team, and Rick Friedman, a member of GMO’s Asset Allocation team, identify the types of companies that have benefited from the low rate environment in the US. High valuations and sensitivities to long-term rates leave many companies susceptible to even modest increases in rates. Some categories of stocks, however, are poised to outperform on a relative basis.
60 Minutes video: Brain Hacking [H/T Tamas] (LINK)
Have you ever wondered if all those people you see staring intently at their smartphones -- nearly everywhere, and at all times -- are addicted to them? According to a former Google product manager you are about to hear from, Silicon Valley is engineering your phone, apps and social media to get you hooked. He is one of the few tech insiders to publicly acknowledge that the companies responsible for programming your phones are working hard to get you and your family to feel the need to check in constantly. Some programmers call it “brain hacking” and the tech world would probably prefer you didn’t hear about it. But Tristan Harris openly questions the long-term consequences of it all and we think it’s worth putting down your phone to listen.