Seth Klarman is one of the most talented fund managers of our time. I have been consistently awed by his intelligence and consistent performance, as well as a strong sense character and honestly. ValueWalk just put together a synopsis of his latest investor letter, and there are some choice phrases in there. While I completely … Read more
I’m not a regular Reddit user. I signed up to try it last year because I noticed my site traffic exploded whenever one of my posts got upvoted on the forum. Since I never actually crossed over into a consistent user, I’m still trying to get my head around how the community operates. Headlines in … Read more
Those of us involved in the Bitcoin world are all too familiar with the consistent hyperbolic, fear-mongering so pervasive in the mainstream media’s coverage of Bitcoin. None of that should be surprising since many of them simply do not understand it, and when you couple ignorance with a natural reflexive response to defend the status … Read more
Or take the right to vote. In principle, it is a great privilege. In practice, as recent history has repeatedly shown, the right to vote, by itself, is no guarantee of liberty. Therefore, if you wish to avoid dictatorship by referendum, break up modern society’s merely functional collectives into self-governing, voluntarily co-operating groups, capable of … Read more
Readers of this website know that I am no fan of Mt. Gox, something I outlined last weekend in my post: My Thoughts on Mt. Gox. Reports of freaked out customers flying long distances to Japan to complain about the exchange are nothing new. In fact, an Australian man’s journey was the first to go … Read more
I was going to start this article by stating: “Mt. Gox needs to get its shit together.” But its too late for that. Much too late. Mt.Gox has been the dominant Bitcoin exchange pretty much since the beginning. In its brief history, it has suffered several bad setbacks, with the one last spring an incident … Read more
The vision of ‘talking’ cars that avoid crashes is well on the way to becoming a reality. And we’re not just talking about cars talking to cars, but about cars talking to bikes, trucks talking to motorcycles, and even buses talking to pedestrians. This promises to significantly reduce the number of deaths and injuries on … Read more
“We aren’t releasing that data,” said a Visa spokeswoman in response to a query about whether the company had noticed a recent dip in card use. A MasterCard spokesman declined to comment. – From yesterday’s New York Times article: Newly Wary, Shoppers Trust Cash A very interesting article was published yesterday by the New York Times. … Read more
Last week, I wrote an article expressing my disgust at the selective prosecution of BitInstant CEO Charlie Shrem. The piece was titled, Some Money Launderers are More Equal than Others Part 2 – CEO of BitInstant is Arrested. The aggressiveness of the prosecution and the arrest itself reminded me of what has been done to countless … Read more
No man escapes when freedom fails, the best men rot in filthy jails. And those who cried, “appease appease” are hung by those they tried to please. – Anon Last May, I wrote an article titled: Some Money Launderers are “More Equal” than Others, which likened the U.S. government to the pigs that ruled the roost … Read more