Posts in Uncategorized

How Do We Educate to Leverage The Future?

One of the main topics of conversation at the G7/I7 was education.  Yesterday I blogged about creating a market using blockchain for education.  Even if you have a market, you still need to have a framework of what to teach. …

One Key Takeaway From the G7/I7

For the next few blogs, I probably will be blogging about the G7/I7 meeting that I attended in Italy.  The reason is it was interesting to meet people focused on innovation from around the world and hear their ideas and …

A Meander

I got to Italy yesterday.  I have been here a couple of times before, but never in this town.  One thing that I really like about how Italian towns are organized is their very large piazzas. You walk through a …

The ICO Craze is Bullshit

I am calling bullshit on the ICO craze.  Was talking to someone who told me a startup with no customers and a skeleton business plan raised mid-double digits in the millions of dollars on an ICO.  They aren’t the only …

Is Karl Marx Relevant?

Last night I attended a discussion of Karl Marx at the Economic Club of Chicago.  You might find it incongruent that an Economic Club discusses Marx.  Or, you might think it’s less than satirical that the ECC is discussing Marx, …

Machine Learning Will Change Our Lives

Finance has been affected by algorithms and machine learning already. The rest of our daily lives will eventually be affected. It scares people. However, if you begin to understand it you might see ways in which it will benefit you. …

Chicago Venture Summit

I was at the Chicago Venture Summit this week.  It was a good event where the Chicago venture community came together.  There were some VCs there from outside of Chicago.  It was nice to see them and I am glad …

Blockchain and Immigration

I have been wrestling with an idea for a while and it’s not fully baked.  I thought I would share it in a blog and see where it goes.  Clearly, it’s an idealized idea at this point but I think …

The Chicago Bitcoin Summit

On October 10, FinTank is going to host a day long Bitcoin summit.  Here is a link to get tickets.  I will be attending.  Hope to see you there. One thing Illinois has going for it right now is that …

Jamie Dimon Says Bitcoin Is A Fraud

There was a lot of shock and awe on my Twitter stream yesterday when JP Morgan CEO Jamie Dimon said Bitcoin was a fraud.  He would fire any employee trading bitcoin for being “stupid.”  The cryptocurrency “won’t end well,” he …

The Robo-Advisor

Over the past several years there has been a slew of robo-advisors introduced to the market. I see the appeal. Part of it is that people don’t know what investment advisors or wealth managers do. They have been satirized for …

Some Motivation

My friend’s Paul and Mark posted this video on Facebook. Most graduation speeches are boring. This one by Lou Holtz is not. Since it’s NFL kickoff, and we have a Category 4 hurricane hitting the coast of Florida, I thought …

Why Amazon Should Choose Chicago

Amazon said they are going to set up a second headquarters.  Currently, they are located in Seattle, WA.  Seattle is a great town.  But, for a distribution company like Amazon, it’s located in a tough spot geographically. Certainly, whatever city …

The Bitcoin Bubble

Eugene Fama once said, “You only see bubbles in the rear view mirror.” If you knew it was a bubble, you could take advantage of it in some way and the bubble would never happen.  The only way to “take …

Autonomous Tractors

Saw this video on Facebook.  Brings home my blogpost about how driverless vehicles will affect everything. Combine this tractor with IoT.  Eventually robots will be able to do livestock farming.  My first inclination when I thought about drones was how …

Sear Vs Reverse Sear

Football season is upon us.  Tailgates will happen.  Since I am from Chicago, I tend to think I know a little bit about meat.  After all, it’s the steakhouse capital of the world.  I ran across this article on Sear …

Getting Out is Tougher Than Getting In

One of the things you have to contemplate as a seed investor is how to get out of an investment.  There is a “liquidity premium” that investors have to pay.  You put money in, and it’s locked up.  But, because …