smacgillis

61 Flips | 2 Magazines | 18 Likes | 81 Following | 116 Followers | @smacgillis | I like to create things that help people.

Study: top bank execs saw the crash coming and sold off shares in their own institutions

In a new working paper from the Center for Economic Policy Research, scholars look at the trading records of shareholders, directors and top …

Ocean farmers are using technology to start an economic revolution and save humanity

I’m a fisherman who dropped out of high school in 1986 at the age of 14. Over my lifetime, I’ve spent many nights in jail. I’m an epileptic. I’m asthmatic. I don’t even know how to swim. This is my story. It’s a story of ecological redemption.<p>I was born and raised in Petty Harbour, Newfoundland, a …

Aquaculture

Jonathan Aberman: Many entrepreneurs think they need venture capital. They’re wrong.

I have provided capital for many start-up businesses, and raised money for a few of my own. I am often asked for advice on how or whether an entrepreneur should seek venture capital. My initial advice is simple: Don’t.<p>Entrepreneurs usually start businesses because they need autonomy and …

Venture Capital

The Australian's 404 pages are a hilarious satire of Aussie politicians

There have been some fantastic examples of 404 error pages on political websites in the years gone by, but these are primed for the Australian …

These Sneaker Entrepreneurs Are Proof that Footwear Innovation Can Come From Anywhere

A closer look at the men behind Athletic Propulsion Labs.<p>Back in 2010, Ryan and Adam Goldston were working out of a tiny office in southern California and trying to build a following for their upstart footwear brand Athletic Propulsion Labs, which launched just a year prior. Former college …

Bringing Down the House

The Insiders Who Took the Market for Millions<p>Edited by Jefferson Wood<p>“The most valuable commodity I know of is information.” - Michael Douglas in …

BofA: The Oil Crash Is Kicking Off One of the Largest Wealth Transfers in Human History

Economists are still hotly debating whether the oil crash has been a net positive for advanced economies.<p>Optimists argue that cheap oil is a good …

Killing Wall Street

<b>The Problem With Two-Term Presidencies</b><p><b>“Wall St. in Panic As Stocks Crash” —</b> Brooklyn Daily Eagle, 1987<p><b>“The Dot-Com Bubble Bursts” — </b>The New York …

8 Mental Habits the Most Successful People Learn to Break

It’s not what you learn, but what you unlearn that matters.<p>Sometimes, success comes not from what you learn to do but what you learn to stop …

SHERIFF OF WALL STREET: We're no longer able to bring certain insider trading cases

The Sheriff of Wall Street has had one of his guns taken away, and he is not happy about it.<p>US Attorney Preet Bharara, often called the '"Sheriff of Wall Street," in December gave up on a big insider trading case.<p>That was the direct result of an earlier, successful appeal against the SEC's case …

Wall Street

We watched the new hedge fund drama 'Billions' and it's going to be Wall Street's favorite TV show

Our verdict: Wall Street is going to be obsessed with it and non-finance folks are going to love it too.<p>This is a rare accomplishment, as a lot of the time the Wall Street movies the industry loves are too financey for laymen.<p>Conversely, Wall Street tends to think movies like "The Wolf of Wall …

Hedge Funds

Analysis: Lego sets are better than gold, stocks

Did Santa bring your children Lego sets for Christmas? You might want to consider not letting them open them. Not only will you save yourself from invariably stepping on them, but you could save for your kid's college education.<p>According to an analysis by the UK Telegraph, the building-block toys …

Stock Markets

"America's Equity Markets Are Broken" Yale CIO Admits "Rigged Markets" Hurt Individuals

<b>America's equity markets are broken.</b> Individuals and institutions make transactions in rigged markets favoring short-term players. The root cause of …

A man who spent $650,000 to have lunch with Warren Buffett says it changed his life in 2 big ways

The highest bidder gets to bring up to seven people to dine with the steak-loving business magnate at Smith & Wollensky steakhouse in Manhattan.<p>In 2007, Mohnish Pabrai, managing partner of Pabrai Investments, and Guy Spier, author of "The Education of a Value Investor" and manager of Aquamarine …

Self-improvement

Opinion: What the oldest stock market index is saying now

CHAPEL HILL, N.C. (MarketWatch) — The oldest stock market index has also been one of the weakest.<p>I’m referring to the Dow Jones Transportation …

Tech billionaire Michael Dell says 'big data' is the next trillion-dollar tech industry

Why would he be willing to do that?<p>Because he's convinced that EMC holds the keys to the IT industry's monstrous market: data.<p>He told The Irish Examiner's Sophie Curtis:<p>It used to be PCs and smartphones; now you have tablets and sensors and cars spinning out all kinds of telemetry data, and all …

IT

BLACKROCK: The rest of Wall Street’s technology is junk

"Everyone knows the financial services sector has worse technology than any other industry," he said at the Goldman Sachs financial services conference in New York on December 8.<p>Of course Kapito brought this up because he doesn't feel that way about BlackRock. Its technology is fine, and that's the …

Financial Services

The Fintech 50

Just as Amazon changed the way we shop and Apple reinvented the music biz, digital disruption is going to soon affect every aspect of your money: how you earn it, save it, invest it and spend it. You'll want to keep close tabs on the 50 companies listed here. They are the small firms destined to …

How Keurig Green Mountain Burned David Einhorn Again

Hedge fund manager David Einhorn might want to kick his coffee habit. The founder and president of Greenlight Capital, who bet that Keurig Green …

Companies with more women directors generate a 36% higher return on equity

Investors benefit when a company has more women on its board of directors, according to a new report by MSCI, the US-based financial index provider.<p>Firms with a strong-female influence on their boards performed 36% better in terms of return on equity than those that didn’t. MSCI defined a …

Credit Suisse

Extreme Gold Positioning Grows As Hedge Funds Add To Record Shorts

...it appears hedge funds continue to ignore systemic risk and surging physical demand, following the trend lower in paper gold prices by <b>adding to</b> …

CREDIT SUISSE: This is the most bearish we've been on stocks in 7 years

With valuations offering little upside and a myriad of risks offering plenty of downside, Credit Suisse thinks now's a good time to cut back on your portfolio's exposure to stocks.<p>"We reduce our weighting in equities to a small overweight, our most bearish strategic stance on the asset class in …

Credit Suisse

Linkin Park: rock superstars and venture capitalists

<i>This article was first published in the December 2015 issue of WIRED magazine. Be the first to read WIRED's articles in print before they're posted</i> …

“Warren Buffett hates gold. Why do you like it?”

This post “Warren Buffett hates gold. Why do you like it?” appeared first on Daily Reckoning.Today I want to share with you an email from a friend …

Investing

Capital Gains: Airbnb and India's Uber Each Raise Nine-Figure Funding Rounds

And another lending startup raises a ton of money.<p>This week, Airbnb bolstered its status as one of the world’s most valuable privately held companies, and the Indian Uber competitor Ola added half a billion dollars to its war chest. Here’s the funding news you should know:<p>Ola, India’s equivalent of …

Here's David Einhorn's presentation on one energy company that he thinks can survive the industry rout

The presentation was given at the 2015 Robinhood Investors Conference. You can check it out on Greenlight Capital's website.<p>Einhorn says he's still holding on to the company despite the ultra-low price of natural gas because he thinks the company can hold on, too.<p>More specifically, he thinks the …

Natural Gas

Five strange things happening in financial markets

"May you live in interesting times" is sometimes said to be an ancient Chinese curse.<p>Interesting things have certainly been happening in the underpinnings of global markets - things that either run counter to long-standing financial logic, or represent an unusual dislocation in the "normal" state …

Get Ready For Commodity Liftoff: Global Manufacturing Just Made A HUGE Move!

Get Ready For Commodity Liftoff: Global Manufacturing Just Made A HUGE Move! by Frank Holmes<p>By most standards, October was an explosive month, with …

Morgan Stanley to face insider trading charges

In a trial starting on Monday, Morgan Stanley will confront a Russian billionaire’s claims that it illegally short-sold a company based on inside …