I have never been good at betting on NFL football. Invariably, I am on the wrong side of picking the over/under or the winner, especially Superbowl games. I always thought it was my lack of information. So this season I entered two NFL football pools sponsored by a friend, and I was determined to do […]
How Hard Can This Be? Read More »
There is always a large dose of wonder and a small amount of dread about travel to developing parts of the world. The electrical grid and connecting your devices usually mean at least 5 different connector models, none of which really work when you actually get to your destination. Cell service is spotty even if
An Emerging Third World Opportunity Read More »
Every year The World Series of Poker hosts the finals of the Texas hold ’em competition where the best poker players in the world compete for a multi-million-dollar purse. Unlike most other poker hands, the players in Texas hold ’em get 2 down cards which they alone can see, and then 5 up cards, which
In the movie “Terminator” machines with artificial intelligence provoke a nuclear holocaust with the objective of eliminating humanity. While they almost succeed, the future reveals a small, but determined, human resistance led by John Connor. In that future Connor is on the verge of eliminating the machines when they dispatch a cyborg assassin back in
Who’s Your Cyborg? Read More »
There are only a few financial occurrences in my lifetime as confusing as negative interest rates. In September 2015, I wrote a blog about living in a Bizarro World where everything is reversed ( https://capitalworks.net/i-am-living-in-a-bizarro-world/). Negative interest rates are just the latest Bizarro example where you have to pay more for a bond or bank deposit
Negative Interest Rates Read More »
I did not appreciate Elon Musk until I read Ashlee Vance’s biography entitled “Elon Musk: Tesla, SpaceX and the Quest for a Fantastic Future”. The author is clearly a Musk advocate and he looks past Elon’s shenanigans to find a once in a century mind working from what he calls “First Principles” on important projects
If the US Bond Market is the Eighth Wonder of the World, the Depositary Trust & Clearing Corporation (DTCC) is certainly the Ninth. Most people have never heard of DTCC but in 2012 it and two of its subsidiaries were named Systemically Important Financial Market Utilities (SIFMU’s”). SIFMUs are TOO BIG TO FAIL and must
Ninth Wonder Of Financial World Read More »
Mark Zuckerberg would be one of the last people on the planet I would trust with my financial information, but obviously his Board of Directors must see it differently. Facebook announced that it would introduce its own cryptocurrency called Libra tied to a market basket of world currencies and backed by real assets. A group
Facebook’s Libra May Be a SuckerBit Read More »
A recent article in the weekend edition of the Wall Street Journal “News Industry, a Stark Divide Between Haves and Have-Nots” highlights the demise of the newspaper industry in the United States. Even though digital is taking over print, the speed of the death spiral is nonetheless surprising. What we lose with this trend is
Newspapers and the First Amendment Read More »
In the Game Show “Who Wants To Be A Millionaire” when they were unsure of their final answer contestants had three lifelines. My favorite was Phone A Friend because the interaction was often hilarious, usually unexpected and often wrong. Who Wants To Be A Trillionaire? I could not stop thinking about a similar game show
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