Liberty

https://www.economist.com/news/business/21735043-alibaba-aims-matching-or-surpassing-amazon-web-services-2019-chinese-tech-companies-plan

https://www.recode.net/2018/1/19/16909062/amazon-prime-monthly-price-increase-membership-two-day-shipping I’m guessing that they found that a bunch of people where using the monthly to subscribe just around the holidays, order a truckload of stuff, and then unsub.

https://www.reuters.com/article/us-china-google-tencent/google-announces-patent-agreement-with-tencent-amid-china-push-idUSKBN1F80DF

https://www.lego.com/en-us/aboutus/news-room/2018/january/lego-group-and-tencent

Bill Nygren and Win Murray Q&A: https://www.gurufocus.com/news/607623/11-questions-with-oakmarks-bill-nygren-and-win-murray

https://www.reuters.com/article/us-facebook-whatsapp/whatsapp-inches-closer-to-revenue-plan-with-accounts-for-businesses-idUSKBN1F727R

Yes, because that's not how the stock market works. But as Buffett explained in his last CNBC interview, it does mean a more valuable economic interest in US businesses for shareholders. There's a second-level where you have to figure if that economic interest will be mostly kept by shareholders or competed away, though. In some very competitive industries where businesses have no pricing power, I suspect that most of the tax cut will go to customers and not owners.

https://stratechery.com/2018/facebooks-motivations/

A few more details here: https://privatecapitaljournal.com/constellation-software-acquires-pe-backed-acceo-solutions-250m/

This is worth listening to: http://www.investorfieldguide.com/preston/

This reminds me: PlanMaestro on Twitter changes the color of his avatar with his perception of market levels.

I think this is different than Malone's bulkhead concept. My understanding (based on I don't remember where this was mentioned, maybe a call, maybe a letter, maybe the AGM) is that they're keeping the option to use a bit of leverage to be competitive on the bigger deals. The reason is that most buyers of larger VMS are private equity, and they'll put 5-8 turns of leverage on anything that moves, so they can pay much higher prices than if CSU tries to buy without debt. So to be able to meet their hurdle, they're probably putting a few turns of leverage on it--I don't doubt they're a lot more conservative than PE, so I wouldn't be surprised if it was just a few turns.

https://techcrunch.com/2018/01/16/bitconnect-which-has-been-accused-of-running-a-ponzi-scheme-shuts-down/amp/

Recent interview with Jim Chanos:

Video of MMM chatting with the YNAB guy, kind of goofing around, but fun (you can skip the beginning when they're getting set up):

Wouldn't be surprised if they tried to pick up some assets, but they don't do hostile and they usually don't offer the highest price if there's multiple bidders and/or auctions, so it might not happen.

New post by the same author (different topic, but didn't want to start a new thread): www.philosophicaleconomics.com/2018/01/future-u-s-equity-returns-a-best-case-upper-limit/

Big deal for $250m: https://globenewswire.com/news-release/2018/01/16/1289744/0/en/Constellation-Software-s-Harris-Operating-Group-Acquires-Acceo-Solutions.html To give you an idea, in all of 2016 they deployed $175m.

http://hackingdistributed.com/2018/01/15/decentralization-bitcoin-ethereum/ Is this correct ???

https://globenewswire.com/news-release/2018/01/15/1289324/0/en/Volaris-Group-Expands-Position-in-Communications-Vertical-with-Acquisition-of-Sicap.html

https://techcrunch.com/2018/01/15/researchers-finds-that-one-person-likely-drove-bitcoin-from-150-to-1000/ https://news.ycombinator.com/item?id=16152050

https://www.bloomberg.com/news/articles/2018-01-12/crypto-exchange-kraken-goes-dark-and-user-anxiety-surges

What do you guys think of the changes? Seems like a good idea, long-term thinking, trying to make things better for users and preempt mounting criticism.

https://www.facebook.com/zuck/posts/10104413015393571

Hmmm https://www.facebook.com/liberalism/posts/10156160201258921