Posts from March 2012

Food Fight

Over on Twitter, I got into a food fight with a person that thinks there is an evil food cabal out to undermine all of America. I couldn’t disagree more. Big corporations aren’t destroying the foods they want to eat, …






Saturday Breakfast Links

T. Coddington Vorhees weighs in. Read this while sipping a bloody. Hey, the market had a decent month last month. SPY data by YCharts If you didn’t see this, watch it. Makes a lot of sense. Since when did economic …






Should You Make An Introduction to Your Firm

If you are an angel, should you make an introduction to your firm? Angels are people with the net worth based on IRS interpretation to make investments in seed stage companies. However, just because you have the net worth, doesn’t …






Friday Breakfast Links

Research shows the Fed created the crisis, not Wall Street. As I have said previously, Wall Street responded to incentives created by the Feds. Not the other way around. Without the incentives, it doesn’t happen. Ha, snooty northeastern college kids, …






Pleading the Fifth

Yesterday, some MF Global execs testified before Congress and plead the 5th. Today, they are being castigated in many parts of the press for not talking. I think the press is misguided in their criticism. First, let’s recognize what is …






Thursday Breakfast Links

Won’t archeologists enjoy watching our old commercials? Reminds me of Woody Allen in Sleeper. Hmmm, when insiders sell, it’s generally time to sell. ($SPY, $ES_F) Is Dodd-Frank going to increase costs of OTC swap trading? The US now has the …






Impossible Dream In Chicago

My friend Raman Chadha sent me this article from the New York Times on new food start ups in New York City. My wife and I like to say we eat our way through the city of Chicago, but we …






The Rule of Law

Jack Welch was on CNBC this morning and was talking about the upcoming election. He said, “In 2008, Obama was a great candidate and suspect President.”. Why is he a suspect President? The rule of law. Obama finds laws to …






Hump Day Breakfast Links

Too much sitting can kill you. When we traded in the pit, never had that problem. HFT can kill you? Heh. No stock picking…… Nice essay on post modernism. A little bit of clarity in the Trayvon Martin hullabaloo. What’s …






Tuesday Breakfast Links

This isn’t why I bought a diesel. But I really like it. Saves me big time bucks on fuel costs. Here is a good trading room conversation starter for when trading gets boring. Heard this on the radio last evening. …






Giving a Talk to Graduate Students

Tomorrow I am going to a pretty prestigious institution, Notre Dame, and I am going to talk to graduate students about angel investing. We will talk about much of what I write here. How angels are different than VC, where …






Monday Breakfast Links

Anyone notice something funny about the new iPad ads? No song. ($AAPL) Apple Stock Chart by YCharts Trends and predictions for the future. Something doesn’t feel right when Jesse and Al show up. Workout taking over Wall Street. Doing some …






Innovation is Great For Job Growth

A lot of people get displaced by innovation. Software eats people, machines and robots eat people. But, the funny thing is as we progress down the chain of innovation, more jobs are actually created not less. Unions fight innovation tooth …






Sunday Breakfast Links

Senators introduce a bill to curb excessive speculation. All the sponsors are Democrats unclear on what speculation really is-or maybe they get it and they just don’t like capitalism. These never get old or go out of style. Kind of …






The Market Is Broken, And So Are the Regulators

Yesterday, some dramatic financial news came out, and some not so dramatic. All three are tragic. The Corzine Fraud at MF Global, the BATS botched IPO, and the flash crash in Apple ($AAPL) all have similar underpinnings. The SEC has …






Why Do We Have Death Taxes?

Doesn’t the government get enough during your lifetime? I understand the initial sentiment behind the death tax. It was put in place to try and stop dynasties from forming. Advocates looked at generational wealth in Europe and wanted each generation …






Saturday Breakfast Links

It never ends. How smart phones make us better shoppers. It’s about flow. The media people are idiots. A Wall Street perp walk down memory lane. Corzine, your cell is ready. Cool when software replaces what people can do and …






Jon Corzine is MF Guilty

Corzine is guilty of fraud. Bloomberg just broke the story. Jon S. Corzine, MF Global Holding Ltd. (MFGLQ)’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in one of …