Posts from April 2012

MF Global Conspiracy Theory That Might Not Be Far Off

MF Global stole money from it’s customers. The government is still sorting through the messy details. One of the reasons it’s taking so long is because a lot of the funds went overseas and they have a different regulatory structure. …






Different Cities Nurture Start Ups in Different Ways

When you start to figure out a way to build an economic ecosystem, it’s important to do research on the history of the city or area where you plan to locate. Any town that has a lot of people in …






Monday Breakfast Links

Buddy Guy brings in the week MF Global scars futures industry. I am quoted at the end, thanks Hal. Books every person should read. I have read two and parts of another. On yesterday’s date in history, Dachau was liberated. …






An Ode to Elizabeth Warren

If you haven’t followed the election in Massachusetts, you are missing some pretty good pandering. Democratic Senate candidate Elizabeth Warren has gone deep off the reservation in a matter of speaking. She has tried to curry favor saying she is …






What To Change In Midwest Investing Culture

Over the past few weeks I have been writing about knitting a midwestern quilt. One of the things we have touched on is culture. Midwesterners have a different investing culture than the coasts. Is that bad? Not necessarily. But, we …






Breakfast Links

Uh-oh. Entrepreneurs leaving California. Nice of the Chicago Tribune to publish this. They are finally catching up. Kids are cheating on standardized tests through extended time. Most of them are wealthy and white. I have known this has gone on …






Midwestern Investors Do Take Risk

One of my VC friends from the Valley tweeted a recent Crain’s article by George Deeb on Style Seek at me. It’s a new start up that tried to raise money in Chicago. He told me he hopes the article …






Contempt For Holder, Not a Wise Move In My Opinion

Republicans actually have a nice story to tell. The economy sucks. Anyone with a brain knows it is being floated with money printed by the Federal Reserve. The world economy sucks. Europe is going to go into a deep slow …






Breakfast Links

Moose Skowron has passed away. Met him a few times. He lived in Chicago. Was a really great guy. Last night, there was a fundraiser for Saving Abandoned Babies. I couldn’t go, but made a donation. Our economy plods along. …






Will Second Tier Cities Benefit From Virtual?

Did you catch this in today’s Wall Street Journal? In a recent Forbes ranking of tech growth in the nation’s largest 51 metro areas, the Midwest had three cities within the top 15, with Columbus in third position, followed by …






What’s a Pain Point?

Whenever I talk to entrepreneurs with business ideas, my first question to them is always, “What pain point are you solving?”. A pain point is a problem, real or perceived. Entrepreneurs create opportunities for themselves by creating solutions to those …






Breakfast Links

If you love art, watch the above video. Eisenhower was a genius. He saved world culture. Ronald Coase at 101 on China. He is the author the Nobel Winning Coase Theorem. A giant in economics. They don’t get bigger than …






Entrepreneur or Trader?

Tonight listening intently to the panel discussion I found myself nodding my head. Not because I know so much about entrepreneurship. Entrepreneurship is exactly like trading your own money as an independent trader. Exactly. There is no difference in mindsets, …






Entrepreneurs, Engineers, Move to the Midwest.

Last night I stopped by the “Chicago Booth Tech Event”. It was at the Gleacher Center downtown. There were probably 100 people there. One of HPA’s portfolio companies, Power2Switch was on the panel. Normally when I go to tech events, …






Breakfast Links

^VIX data by YCharts are you buying or selling the VIX? Transparency is great. Especially when it comes to federal regulators. Hey, lookie what I found? James Koutoulas says it’s there is enough evidence to start charging people with crime. …






Arizona Immigration Law Debate

Was reading the reporters notes from the Supreme Court case on immigration. Last year, Arizona passed a state immigration law that allowed law enforcement to inform the federal government of potential illegals. One paragraph struck me: Only eight justices were …






Cutting Taxes, Pro Growth or Not?

There is a debate raging in some circles on tax cuts and growth. The reason is that in January of 2013, America will see the largest tax hike in history if Obama is re-elected. In yesterday’s journal, Nobel Prize winning …






Breakfast Links

Don’t know if you caught this last evening. Please, discuss in the comments. Shale……BOOM. If you didn’t agree with the CFMA, and think it lead to financial disaster. Read this. Since when is it a crime to be successful and …