Posts from 2018

Something So Pure

Yesterday I had the good fortune of being near a basket and a ball. When I was growing up, I used to shoot baskets in my driveway or in a gym for hours and hours.  In the summer, I never …

The Privilege Tax

The socialists in Illinois have resurrected the Privilege Tax Bill.  It is a creation of the increasingly larger and dominant socialistic wing of the Democratic Party but let us be honest.  Most if not all of them agree with it. …

Truss Launches in Washington DC

A company I angel invested in Truss.co has expanded to Washington DC.  Truss started in Chicago.  It uses artificial intelligence to find office space for clients. They developed a chatbot, Vera, that clients can interact with to find the best …

8 Questions Every Company Has to Answer Before Doing an ICO

Yesterday Facebook and Google killed ads for ICO’s. My friend Josh Brown (@reformedbroker on Twitter) applauded it. Last fall, he blogged about getting a walrus sex ranch off the ground and funding it with an ICO. It’s preposterous and obviously …

America is Different

We are driving from Chicago to California. Our first stop is in LA. Our daughter lives there. Then we head up to northern California for a month. The American West occupies a unique niche in the culture of America. It …

Driving to Cali

We started driving to California yesterday.  We are there for a month.  We got a late start. For some reason our car always seems to go on the fritz before a big trip. We left Chicago at around 11.   …

Risks For Audit Are Too High

Ernst and Young did some research on the crypto world.  They analyzed more than 372 ICOs, and found that $400 million of the total $3.7 billion funds raised to date had been stolen by hackers.  How’d the hackers do it? …

Vietnam Fin Tech Challenge

Nguyen Thu Nga is a Chicago Boothie.  She runs the Innovation Hub in Hanoi.  She sent me a link to a fin-tech innovation challenge they are hosting.  Fin Tech is something that scales across borders.  The problems with scaling generally are …

Still Struggling With ICO Accounting

There is precious little information on ICO accounting out there.  I blogged about it recently here.  It is a big issue.  Tax consequences can be huge.  The cleanest path to an ICO is not to make the token that is …

The Crypto Repo

One of the hallmarks of a liquid market is the ability to short.  Unlike most people, I don’t see shorting as bad or good.  It’s a function of a market and can bring a lot of discipline to a marketplace.  …

Driving West on Friday

My wife and I generally get out of Chicago for a month now that the children are moved out and on their own.  When we go, we usually drive.  We own a diesel and bought it in 2009.  It has …

Some Good News For Chicago Tech

Yesterday Chicago tech got some good news.  Foursquare is going to build out their engineering team here.  It’s good they are recognizing that there is talent here.  They didn’t mention it in their Medium post, but the University of Illinois …

Didn’t Realize Governor Cuomo Was This Unintelligent

The state of New York’s Governor Cuomo is upset at the tax bill.  All of a sudden, New York citizens of are going to realize the high taxes they pay aren’t subsidized anymore by the rest of the United States.  …

We Don’t Teach Basic Finance In School

It is sort of amazing that in America we don’t teach basic finance in public high schools.  I remember I had to take a required class in personal finance at my high school.  It was taught by a teacher that …

Basic Economics and Basic Business

One of my favorite lines is from Professor Paul Magelli.  He said, “If you don’t make a profit, it’s not a business it’s a hobby.”  Another friend, Jeff Minch, who writes at The Musings of The Big Red Car will …

Bitcoin Value Drops But It Doesn’t Matter

Bitcoin futures at the CBOE are trading just above $10,000.  I think they will trade below $5000 and probably settle below there by the end of the year.  Futures markets have a way of disciplining cash markets.  If they add options …