Liberty

Malone ran his levered cable model at much higher interest rates for decades, I don't think the currently historically still very low rates will be a problem. Charter had some M&A premium and every time those expectations deflate a bit, a bunch of M&A focused HFs probably move on...

Pinker's argument is that we should return to the ideals of the enlightenment to increase the odds that progress keeps going, not that it is unavoidable and just happens by itself, afaik.

The earnings transcripts are still available and don’t disappear behind the paywall. That is the main thing that attracted me to the website in the place. They are putting the transcripts behind the paywall as well, just not all of them all at once.

I wonder why Liberty is selling so quickly...

I'm now getting a "this video has been removed by the user" when trying to go to the AGM video on Youtube ???

It's great for a lot of things, and the new dashboard has the potential to be good to keep an eye on a watchlist (I know it's new and they're still adding features).

Thank you very much for the thoughtful and detailed piece, I learned a lot about Smith, and I appreciate you taking the time to write it. Sorry for the delay in getting back to you, I haven't been only much the past few days as my wife gave birth to our second boy :) I will check out Lindsell Train, not familiar with him. Cheers!

I lost access to the old Google Finance this week too..

UK-based investor that I wasn't familiar with until @Bluegrasscap posted this video of their AGM on twitter: https://www.youtube.com/watch?v=vbe5Qo9Hcjg Looks like an interesting guy. I'm going to read his letters later, but I'm curious if those of you who are more familiar with him can share what you know (positive/negative) and any recommended readings or things to watch/listen to about him or from him. Letter: https://www.fundsmith.co.uk/docs/default-source/analysis---annual-letters/annual-letter-to-shareholders-2017.pdf Thanks

My guess is the new system will trigger more activities: user will type in tickers and search things. . More activities mean more data can be monetarized. They are probably not making money in the old version. They basically stopped developing the old version in 2009 or something like that. If they had kept at it, they could OWN this area of financial data and no doubt could monetize it better. But also, Google doesn't have to make money on everything in its ecosystem if it makes it stickier. For example, are they making money on Gmail? Probably not much, but it certainly helps you stick to the Google ecosystem. Same could be said for Google Finance.

Amazon link: https://www.amazon.ca/Tribal-Leadership-Leveraging-Thriving-Organization/dp/0061251321/ Sounds interesting, thanks.

-13% after-hours on Q4 results: http://investors.overstock.com/phoenix.zhtml?c=131091&p=irol-newsArticle&ID=2338378

Book coming, by the journalist who did a lot of the heavy work of uncovering this:

"Walmart Whistle-Blower Claims Cheating in Race With Amazon" https://www.bloomberg.com/news/articles/2018-03-15/walmart-whistle-blower-claims-retailer-cheated-to-catch-amazon

It's ok. Not as fast or as clean as Google Reader was. That's why I'm experimenting with Evergreen.

I agree there isn't much comparison, but not in the way you mean. Ford did great things, but it also entered a market with a huge untapped demand and had basically zero competitors (none that could anywhere match his prices and scale for a while). Musk entered a saturated market (almost everyone who wants car already has one) and has gigantic entrenched competitors that are all selling cheaper products (when Tesla started, battery costs were so high that they had no choice but to make a $100k sports car if they wanted no compromises on range and performance). Ford might have helped create the middle class, but Musk might have accelerated the transition to more sustainable transportation by catalyzing both supply and demand, and that'll have a huge impact on the whole planet too even if Tesla were to disappear tomorrow (not to mention the impact from SpaceX so far, and it doesn't look like that's slowing down either). It's interesting to look at the parallels, but as with any industrial comparison 100-years apart in a very fast changing century (from Kitty Hawk to Falcon 9 Heavy with boosters that land by themselves), it only goes so far.

https://www.reuters.com/article/us-amazon-com-ratings-exclusive/exclusive-amazons-internal-numbers-on-prime-video-revealed-idUSKCN1GR0FX https://asia.nikkei.com/Business/Companies/Amazon-Japan-investigated-for-demanding-cooperation-payments

It's not over:

I've used Feedly for a while, there's both an app for iOS and a website. Recently I've installed Evergreen, an alpha Mac app that is fast and lightweight and free: https://ranchero.com/evergreen/

The term is also an umbrella term used for the sector, so please no need to get pedantic. There's all kinds of discussion in this thread, and I wasn't about to create a new one just for tokens or whatever. How do people pay for ICOs anyway?

No shame in being wrong. We're all wrong very often all throughout our lives. With the info I had at the time, it seemed like she was doing good things. I didn't do tons of research on her company because it's not like I was going to make a private placement in it or anything, it was just a news item I saw go by, but apparently even her investors were fooled, so it wasn't as obvious as the hindsight bias of many will now make it seem...

Not relevant to you, which is fine. How long does someone taken in by a bitcoin scam hold bitcoin? The only thing this might do, if anything, is dampen some of the wild swings as Mr or Mrs gullible fall for bitcoin Genius ads, buy bitcoin after spending $200 on a newsletter that they didn't need, then panic and sell at the first drop in price. It has no effect on whatever long term value bitcoin has or doesn't have. It might or might not have long term impact on the value of cryptocurrencies (I never mentioned Bitcoin specifically, this is a thread about cryptocurrencies in general). ICOs that used ETH certainly had an impact on demand for it, and if fewer ICOs can easily raise money, it certainly changes the dynamic for the number of projects and people working on them. Sure the worse projects will be hit first, as it should be, but it's still an ecosystem that is interconnected. I don't know what the impact will be, but having both FB and GOOG off limits to market ICOs certainly isn't nothing. But in any case, my interest in the news was mostly related to the societal harm caused by all these scams and frauds. Making it harder for them to reach victims is a good thing, and worth noting. The world wouldn't be a better place if securities were unregulated and sophisticated marketing operations could say anything to convince your grandma to empty out her retirement account.

It took a while, but the other shoe dropped: https://www.cnbc.com/2018/03/14/theranos-ceo-holmes-and-former-president-balwani-charged-with-massive-fraud.html

Very sad indeed. The man faced terrible odds and yet had an incredibly inspiring life, and his work will stand forever.