Posts filed under “Philosophy”

QOTD: The next Steve Jobs?

Interesting quote from The New Yorker:

“Who will be the next Steve Jobs? I doubt it will be Mark Zuckerberg. He gives every indication of being the next Bill Gates: a smart dude who has one great idea at the right time, builds a monopoly, and then keeps it by releasing stuff that’s good enough but never great. I can say this for sure: the next Jobs won’t be someone trying to be Jobs. You can’t be a great innovator by imitating. So it won’t be someone who changes design a little bit more in the way that Apple has changed it—by making a phone just that much sleeker, a box that much whiter, or a tablet that much faster.

It will be someone who sees something we need before we know we need it. Most of the three million Miles Davis tribute albums are lame.” (emphasis added)

- Nicholas Thompson, The Next Steve Jobs (And the Last One)

Category: Philosophy, Technology

QOTD: Cult of Ignorance

Our Quote of the Day is over 30 years old: “There is a cult of ignorance in the United States, and there always has been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that “my ignorance is…Read More

Category: Philosophy

Da Bears . . .

Chart via WSJ > I have no idea where idea that “20%” somehow defines a bear market, or where it came from. In my mind, I prefer to think of this in the context of trends. Is any market moving from lower left to upper right of the chart? That is a bull market. If…Read More

Category: Philosophy, Trading

Dear Human . . .

Source: SMBC

Category: Philosophy, Weekend

Take The Loss

Here is something that you may not think about often enough: Taking losses. Its something that every rookie trader must learn to do — and all of the TBTF banks refuse to do. Even sovereign nations seem unwilling to accept this simple fact of financial life. There will be losses. How you handle them determines…Read More

Category: Bailouts, Philosophy, Psychology, Real Estate, Really, really bad calls, Trading

TBP’s 30 Most Influential Finance Sources

Last week, I lamented that the Bloomberg 50 was a disappointingly obvious list (the event was quite good, however). Following that (Meh!) complaint, I asked readers who was their most influential managers, thinkers, traders and strategists — who impacted their trading, thinking and investment process more than the rest of the chattering classes. For obvious…Read More

Category: Data Analysis, Financial Press, Philosophy

On Rhetoric and the Art of Persuasion

Persuasion is clearly a sort of demonstration, since we are most fully persuaded when we consider a thing to have been demonstrated Of the modes of persuasion furnished by the spoken word there are three kinds. Ethos: Persuasion is achieved by the speaker’s personal character when the speech is so spoken as to make us…Read More

Category: Philosophy, Really, really bad calls

Is Social Security a Ponzi Scheme?

In the Think Tank today, John Mauldin writes about Social Security, calling it a “Catastrophic Success.” John believes SS is a Ponzi scheme, and we disagree. He comes from a different country than I do — John lives in Texas, while I live on a small island off the East Coast of America — two completely…Read More

Category: Philosophy, Really, really bad calls, Taxes and Policy

Conservative Concern: Runaway Inequality Will Destroy Economy

Conservatives and Liberals Agree: Unparalleled Levels of Inequality Is Killing Our Economy and Society Leading economists agree that rampant inequality leads to unstable economies and depressions, and makes the middle and lower classes poorer. While the stereotype is that liberals care about inequality and conservatives don’t, that is actually a myth. As Canada’s conservative National…Read More

Category: Philosophy, Think Tank, Wages & Income

Ray Dalio & the Machinery of Finance

This morning, I got to listen to a (too short) discussion with hedge fund manager Ray Dalio of Bridgewater Associates at the Bloomberg Market 50 Summit (video here). Ray Dalio is a fascinating guy . . . he has what some people describe as a very idiosyncratic approach, but I find it logical and intelligent….Read More

Category: Hedge Funds, Investing, Philosophy