Twelve short months ago, the immediate future looked like a lock. Overvalued equities had to fall, ridiculously-low interest rates had to rise, and beaten-down precious metals had to resume their bull market. The evidence was overwhelming. Debt in the developed world had risen to $157 trillion, or 376% of GDP, by far the highest level…
“Plunderers of the world, when nothing remains on the lands to which they have laid waste by wanton thievery, they search out across the seas. The wealth of another region excites their greed; and if it is weak, their lust for power as well. Nothing from the rising to the setting of the sun is…
LaJolla Pharmaceuticals (LJPC) is a biotechnology company focused on developing innovative compounds for unmet medical needs. The lead program for the company is its GCS-100 drug compound that treats patients with CKD – Chronic Kidney Disease. GCS-100 uses a compound known as polysaccharide which is derived from pectin. The reason for the use of pectin is…
I seriously hadn’t thought of this “currency” for ages, but this article (which notes that Bitcoin was the worst performing currency in the world, even worse than the Russian ruble) reminded me of it. The hype around bitcoin a year ago was absolutely comic, and even here in Palo Alto, there’s still only one place (Coupa Cafe coffee house)…
Introduction This article uses what is known about the sellers, buyers, marketers and distributors of wine to project where the industry is going. Sellers Table 1 presents volume, value and price data on bottled and bulk wine for the leading exporting countries. The countries listed represent 85% of total wine exported, and as we will see,…
Business Inside posted an article a few weeks ago that recapped the Black Swan concept using Nassim Taleb’s example of the Thanksgiving Day Turkey who is well fed and treated well until the day before Thanksgiving and then the ax falls…literally. I won’t try to predict the next Black Swan as the definition says that is impossible…
From residential housing to Uber’s dizzying $40B capital round, asset valuations have never been so high. Understandably, many small business owners looking to sell expect to write their “own number.” While it may be possible in a few situations to do so, these expectations along with other perceived business risks have created substantial difficulty in…
Lessons from a 17-year-old investor A few weeks ago social media was buzzing with a New York magazine story about a teenager who made $72 million trading stocks during his lunch break at high school. It turned out that was just a farce. Even before that Business Insider ran a profile of 18-year-old Julian Marchese…
Stocks popped on the open to the upside, but then it was pretty much a Brownian motion for the rest of the day, with stocks same or lower to the open on low volumes. Pleasant evening.
Stocks popped on the open to the upside, but then it was pretty much a Brownian motion for the rest of the day, with stocks same or lower to the open on low volumes. Pleasant evening.
