Posts from March 2016

No More Junk In My Food

If you want to know how screwed up government has become, all you have to do is look at the Farm Bill.  It’s totally messed up and creates all kinds of bad economic incentives that make their way into your …

Entrepreneurs Do Stuff

Yesterday I talked about how entrepreneurs are observant.  They go through life and look at it differently than most people.  They solve problems. The other thing entrepreneurs do is “stuff”.  They don’t sit still.  Once they get their idea, they …

Half the Battle is Simply Being Observant

One of the things I like doing is simply shooting the bull with entrepreneurs.  Why?  They are idea people.  They look at the world differently.  What can’t be can become what can be. How and why are they like this? …

Yes I Went To Texas, And I Shot Guns

When I was in Texas, a couple of people asked me if I wanted to go to a shooting range and shoot some guns.  I told them “for sure”.  For a lot of reasons, I am not going to identify …

Fundamentals Are Important

The NCAA tournament is excellent.  It always surprises.  Cinderella captures our fancy for a while and there is hope for the underdog.  I watch it avidly every year.  Yes, my bracket is so blown up it looks like it was …

Trump In The Shark Tank

If you made a startup analogy to the Presidential campaign, right now we are in the pitch phase.  Each candidate is pitching the sharks-and you are one of the sharks. I have been watching it with interest because we haven’t …

Innovation is Offensive

The next time I want to offend someone, I guess I will bring a box of chalk.  If I think about my post of a couple of weeks ago niche/movement/mainstream, this is a niche that society must nip in the …

Policy Is Not For The Good of the People

There is an article circulating on the internet from the New York Daily News.  In it, former Nixon aide John Erlichman says that they ramped up the war in Drugs to go after hippies and black people.  Economist Milton Friedman …

Trading Virtual Reality

Way back in August of 1986, I was clerking in the Eurodollar Options pit on the CME trading floor.  It was sort of a slow August day.  A couple of traders decided to leave the floor that day and go …

How States Get You

This past weekend, my wife and I were doing our taxes and watching the NCAA tournament.  I am really beginning to warm to Ted Cruz idea to abolish the IRS and go to a flat tax.  Doing them on a …

A Choice That Explains Why Women Make Less Money Than Men

A lot of the research into pay disparities between genders is normative.  This means that values are put into the hypothesis before the research even looks at the data.  That has resulted in a lot of hyperbole when it comes …

From Social to Personal

One of the things that you have to bear in mind when you think about social is that email was the original social media.  Of course, email has degraded over the years and now plenty of it is just SPAM. …

Innovation Cannot Happen In Private

One of the most interesting things I have learned since getting into the early stage startup gig is that innovation cannot happen in private.  It’s counter intuitive.  Most people think if they have the next great thing they should quietly …

Derivative Entrepreneurs or Calculus Entrepreneurship

One of the things that investors crave is good deal flow.  It’s a competitive edge.  Investors also like to meet with lots and lots of people so they get ideas themselves.  They also use diverse groups of people to suspend …

Simple Mills is Cracking Me Up

Simple Mills is releasing a new product today just in time for summer.  Crackers.  “Big deal”, you might say.  But, it is a big deal.  These are gluten free crackers made with very few ingredients.  They are low sugar.  They …