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Some Lessons I Learned from the Dotcom Bubble for the Coming Crypto Bubble

I spent a bunch of time at Consensus and Token Summit this week. If it wasn’t clear before, we are headed into a crypto currency bubble. Now a bubble …

Cryptocurrency

How Harley-Davidson Used Artificial Intelligence to Increase New York Sales Leads by 2,930%

It was winter in New York City and Asaf Jacobi’s Harley-Davidson dealership was selling one or two motorcycles a week. It wasn’t enough.<p>Jacobi went for a long walk in Riverside Park and happened to bump into Or Shani, CEO of an AI firm, Adgorithms. After discussing Jacobi’s sales woes, Shani, …

Monaco: Splashing the cash on the French Riviera

Billionaires' bolt-hole, playboys' paradise and, for one week at the end of May, host to the most glamorous motor race in the world.<p>The Monaco Grand Prix is widely regarded as Formula One's jewel in the crown -- the twinkling gem that all racing drivers dream of winning.<p>This most handsome of …

Monaco Grand Prix

Being Lazy Is the Key to Success, According to the Best-Selling Author of 'Moneyball'

People waste years trying not to waste hours, says author Michael Lewis.<p>Do you think of yourself as lazy? If so, do you think that's a good thing? It just might be the key to success. That's according to Michael Lewis, author of the bestsellers <i>Moneyball</i>, <i>The Big Short</i>, and many more.<p>Lewis was a …

9 books billionaire Warren Buffett thinks everyone should read

© 2018 National Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly …

SIHH 2016: IWC

<i>For 2016 IWC is focusing eyes on its pilot’s collections. The company has re-tooled models in its Big Pilot’s, Spitfire and Top Gun collections, while adding a new range based on the Antoine de Saint Exupéry and Le Petit Prince collections IWC has offered in limited numbers for many years. Some</i> …

Patek Philippe Only Watch Perpetual Calendar, Ref. 5016A

With 2016 being a leap year, meaning that an extra leap day will be added to our calendar, stand-out perpetual calendar watches immediately come to mind. A perpetual calendar, unlike other calendar watches, uses a mechanism that correctly displays the date without adjustment, taking into account …

9 Powerful Books Elon Musk Recommends

Elon Musk's must-read list exhibits his well-known and deep interest in science, as well as the personalities behind it.<p>In previous posts, I've reviewed Bill Gates's summer reading list and the books that Steve Jobs wanted people to read.<p>Elon Musk's reading recommendations are quite different. …

How The Fed Fostered The Oil Glut And Price Drop - Wall Street Losing Patience

Let’s start with <i>The Wall Street Journal</i> article, “Banks Struggle to Unload Oil Loans,” which reveals the Fed’s role in encouraging excess oil production that led to the inevitable price drop (italics are mine):<p>Energy-sector deals have been a bright spot at a time when once-lucrative businesses, …

Hybrid war: The real reason fighting stopped in Ukraine – for now

The Great Debate<p>« Previous Post<p>For the Arab world, lots of new channels, but still the same old story<p>Next Post »<p>All about Iran: One-note Netanyahu goes totally tone deaf<p>41 comments<p>We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment …

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“MY BIG fear,” says Paul Ryan, an influential Republican congressman from Wisconsin, is that America is losing sight of the notion that “the …

F1 Loses 25 Million Viewers Driven By Switch To Pay TV

Bernie Ecclestone, chief executive of Formula One Management (FOM), has revealed that his auto racing series lost 25 million viewers in 2014 but he says he is not concerned as it “reflects the move FOM has made towards Pay TV in several markets over the last three seasons.”<p>Britain’s Mail on Sunday …

Obama urges Congress to approve new use of military force

President Barack Obama on Tuesday renewed his call for Congress to approve a new authorization for the use of military force in the fight against the Islamic State of Iraq and the Levant — but gave no new sense about when he hoped Congress would act or whether he would send up his own detailed …

A Hedge Fund With $830 Million In Assets Went Bust After The Swiss Franc Surge

Citing a person familiar with the firm, Bloomberg said the fund had been betting that the Swiss franc would decline. The fund had about $830 million in assets at the end of 2014, according to a client report cited by Bloomberg.<p>It said an Everest spokesman would not comment on the fund and …

Hedge Funds

Absolutely everything you need to understand what happened to the Swiss franc this week

The Swiss franc is a very popular place to park cash.<p>Amid the euro zone debt crisis, demand for the franc surged, pushing its value up sharply.<p>That’s bad for exports…<p>A strong franc hurts the Swiss because it makes their exports more expensive for foreign buyers, and the country has a giant export …

Economics

5 Big Issues Switzerland’s Currency Move Creates - Briefly - WSJ

The Swiss National Bank’s decision to abandon its currency floor against the euro on Thursday rocked the markets, left investors bruised, analysts confused and raised at least five significant issues for investors. Here’s a roundup of some of the wider repercussions.

Dow Jones

The Swiss are now at a negative interest rate due to the Russian ruble collapse

The initials “SNB” for the Switzerland’s central bank, the “Swiss National Bank” are about to become just as familiar as the initials ECB for the European Central Bank. Today, the SNB announced it would cut interest rates for banks that keep large amounts of money at the SNB to -.25%. Yes – a …

Interest Rates

Behind the Wheel: 2014 Audi S8

If the 2014 Audi S8 ($112,000) were a person, he’d be the CEO of a tech conglomerate who lives in Manhattan, competes in triathlons, dates …

Philip Morris International (PM)

<b>Philip Morris International</b> reports its third quarter earnings on Thursday, October 17, 2013, and the consensus earnings per share estimate is $1.43 per share.<p>The consensus estimate is down from three months ago when it was $1.49, but is unchanged over the past month. Analysts are expecting …

Earnings Increase Expected for Sonoco Products Company (SON)

Analysts expect higher profit for <b>Sonoco Products Company</b> when the company reports its third quarter results on Thursday, October 17, 2013. The consensus estimate is calling for profit of 61 cents a share, reflecting a rise from 55 cents per share a year ago.<p>Despite not changing over the past month, …