Hedge Fund CIO: "Never In Human History Have So Many Things That Weigh Nothing Had So Much Value"

Never in human history have so many things that weigh nothing had so much value, fueled such vast fortunes. Data weighs nothing. Knowledge weighs nothing. Software weighs nothing. Algorithms weigh nothing. And as the singularity approaches - that point when artificial intelligence surpasses all human intelligence - we struggle to fathom its infinite weight, uncertainty.

Buffett's Wrong - Why Market Valuations Are Not Justified By Low Interest Rates

"It's such a comforting, even satisfying assumption; the idea that 'lower interest rates justify higher valuations'...   Unfortunately, the convenience of investing-by-slogan is currently leading investors into what is likely to be one of the worst disasters in the history of the U.S. stock market..."

Is Bend, Oregon In A Bubble?

"Bend is a bubble built on a bigger bubble that is still inflating. Bend's continued appreciation is a bet on a few cities' property values (alongside general financial assets) continuing to rise indefinitely and those wealthy folks continuing to flock to Bend. So far, so good but the clock is running."

Eric Peters: "This Is The Nightmare Scenario For The Next Fed Chair"

"if we don’t see a sustained cyclical jump in wages, then yields won’t go up. And if yields don’t go up, then the asset price ascent will accelerate. Which will lead us into a 2018 that looks like what we had expected out of 2017; a war against inequality, a battle for Main Street at the expense of Wall Street, an Occupy Silicon Valley movement."

How Socialism Ruined Venezuela

"As Venezuelans, our poor understanding of the importance of freedom and free markets has created our current disaster... when we enjoyed high levels of economic freedom, we allowed the destruction of political and civil rights, and when we finally established a democracy, we allowed the destruction of economic freedom."

Mike Rowe: It's Time To Make Hard Work Cool Again

"When you start calling vocational arts 'shop', it’s pretty easy to take shop class out back and put a bullet in its head... That's what we did; we killed shop class, which sends an undeniable message to millions of kids in terms of what is valuable."

DARPA Asks HFT Traders How Hackers Will Crash The Market

Among the potential scenarios probed by the Pentagon: Hackers could inject false information into stock-data feeds, sending trading algorithms out of whack; or they could flood the stock market with fake sell orders and trigger a market crash.

War With Iran Was Planned Decades Ago

"What comes next will be a series of U.S. imposed redlines and demands, which Iran will eventually be said to violate, at which point the U.S. will escalate bigly..."

Too Good For Too Long...

"We humans tend to think linearly and comparatively. In other words, we usually assume the near future will look a lot like the recent past. And it does much of the time.. But other times it doesn't. And that's where the danger lies."

Trump And McConnell Make A "Truce Of Necessity" To Save Tax Reform

Inbetween firing off tweets and defending his decision to end cost-sharing payments to insurance companies, sending healthcare stocks sliding and eliciting accusations of sabotage, president Trump reportedly swallowed his pride and did something he’s been loath to do for months: he called Mitch McConnell.

Forget Catalonia, Flanders Is The Real Test Case Of EU Separatism!

"There is no place in Europe more symbolically significant than Belgium, and especially its jihadist dystopian capital of Brussels, so if the European power structures 'allow' Flanders to separate, then it’s all but certain that the rest of the bloc will feel the geopolitical reverberations within their own borders sooner than later..."