Felix Salmon’s and Ryan McCarthy’s Counterparties blog/ newsletter is a great source for articles, if not for political insight. Yesterday they had an irresistible quip about Peyton Manning’s superb timing for his investment in 21 Papa John’s franchises in Colorado – just days before the state voted to legalize marijuana…
This TEDxYale talk, however funny, is a serious reminder about how dangerous an influential/persuasive speaker can be. I wrote about this back in July 2010 in a post called Time Perspectives: “In fact, it’s downright scary how the “coolness” of the presentation can lead one to “lower one’s guard” to data that’s not necessarily accurate or that answers not necessarily the right questions.”
Our Christmas gift came in the form of two reader-suggested articles, yesterday’s and today’s. To make us even happier, keep the suggestions coming… On a lighter note: funny article on Slate about how to maximize value in giving presents.
That David Einhorn is a poker fan is not news, and his great book “Fooling Some of The People All of the Time” has been out for a while. But since there’s a new epilogue for the book, the DealBreaker blog did a fun interview with Einhorn over a few hands of heads-up poker – a game about which the reporter didn’t know the first thing. That’s a lesson in risk management right there. You won’t find brilliant investment insights or killer poker tips, but if you haven’t yet read the book and this post makes you finally do it, we’ll be happy.
As we return from the November 15th holiday, we highlight a few of the interesting “building blocks”-pieces we’ve read or watched, in this case “watched”. Some more useful and actionable, some to keep in the back of our minds and “ruminate” on and see if later “clicks” with other issues in our minds. “The day only has 24 hours” for sure, and yet we must find the time to expand horizons and read widely as well. We’ll start things lightly with these two videos…
“Irony”: High-level corporate strategy consultants need to review their business models to survive. The Financial Times article may be just a sign of worldwide corporate spending cuts, so don’t read too much into it, but the fact remains that the downturn is driving consolidation in what is already a relatively concentrated market (useful chart in the story).
OK, funny things first: Buffett playing Axl Rose is awesome. Less impressive is him playing a hip-hop artist, but it’s alright (both videos embedded inside). Viral videos can be a smart marketing tool, and these work. Back to seriousness: Business Week had a cover article by Alice “Snowball” Schroeder interviewing CEOs who have had Buffett in their boards. Interesting read.
We can’t resist repeating this funny story about change – and we suspect more than a few readers will relate to it. But ultimately this is about how feeble our attempts at forecasting really are. For some things we are way too pessimistic and tend to ignore the exponential aspects of some innovation curves. For others, we are way too optimistic. The trick then is to not rely on either.