This afternoon we’re being treated to the halt of Zynga Inc as the company has just announced another massive loss along with mass layoffs that can only be described as doing their employees a favor. I find it hard to believe that a Facebook-based video game company, whose braindead customers spend real dollars to buy…
June 2013
Corrections don’t send out invitations or phone ahead
The current correction began in April, a beneath-the-surface, sector-by-sector rattle that’s now caught the attention of everyone. Nobody sent out an evite so you can stop searching your inbox. You probably didn’t get a voicemail about this ahead of time either. Sentiment shifts quickly, irregardless of fundamental rhyme or reason, and no one tells you…
Hot Links: Teaching Bonds to Stock People
Your morning financial links, expertly curated.
Modern Pangea Map
Infographic
Smart and Stupid Arguments for Active Management
this conversation – as lively as it once was – has all but died in the last five years.
Bob Lefsetz: Facebook is for Oldsters
Love getting these little email blasts of unvarnished truth from Bob Lefsetz each day – from this morning’s note: Oldsters are about yesterday. Youngsters are about today. Documenting your entire life history, building a timeline, a shrine to yourself, so that the people you grew up with will be impressed? That’s for baby boomers. Their…
SNV: Public Enemy Number One!
Video.
LOL, WSJ Editorial Board is Apoplectic Over Citybike Program
Video.
DealBook on Terminalgate
The true story of how Wall Street’s big banks came to th realization that every one of their desktops contained a baby monitor for reporters to listen in on. From DealBook: Goldman’s public relations chief, Jake Siewert, a former Treasury official, called his counterpart at JPMorgan Chase, Joe Evangelisti, with a simple question: “Do you…