The art of the
spin-off: 11 this year so far, and there’s Murphy Oil’s retail arm, News
corp’s Publishing and Australia Sports arm, and Time Warner’s Magazine arm.
[Note: more noteworthy is the fact that this story is on The Economist; spins
can be very profitable thanks to negligence; as more sunlight shines through, I
hope there’s still some alpha left]…Source: http://www.economist.com/news/business/21577034-tips-creating-new-companies-out-old-ones-art-spin
A Humbled Kleiner
Perkins Adjusts Its Strategy: While the 1994 fund delivered 32x and 1996
fund 17x, 2000 and 2004 funds had been unprofitable, and the 2008 fund is
running on losses. The firm had since cut some management fees and reorganized
its investment approach, eliminating three “silos” that separated teams making
investments in clean technology, health care and technology. [Note: tough
business with more rational money]…Source: http://dealbook.nytimes.com/2013/05/07/a-humbled-kleiner-perkins-adjusts-its-strategy/
Notes from the Ira
Sohn Conference, Spring 2013: [Note: It’s a fantastic summary, read it.]
Hayman: long SPMD or DXM post-bankruptcy refinancing; calls
Japanese bond Ponzi scheme.
Himalaya: South Korean preferred at 40-88% discount to true
worth.
Corvex: Likes pipelines, cell towers, alternative carrier;
likes TWTC and LVLT in particular for acquisition potential.
Pershing: P&G manufacturing efficiency value unlock can
bring 5% organic growth, 60% upside.
Druckenmiller: sees secular bull market in Japan, sees
Chinese social financing problem and demand dropping could kill commodities and
related companies. Loves GOOG.
Canyon: Likes Clear Channel Outdoor stub.
Emrys: Long US RE theme (in particular Ocwen), short Canada
RE (HCG)
Conatus: Short South Africa and sees bank bust coming due to
lending fraud and defaults.
How analyzing
Wikipedia page views could help you make money: strategy: monitor page
views on companies as part of Dow on Wikipedia, long if major increase, short
if major decrease. [Note: Probably better than twitter scrap?]…Source: http://gigaom.com/2013/05/08/how-analzying-wikipedia-page-views-could-help-you-make-money/
Nat Gas, is this
true? Chemical engineering researchers have identified a new mechanism to
convert natural gas into energy up to 70 times faster, while effectively
capturing the greenhouse gas carbon dioxide (CO2). [Note: What’s the cost?]…Source:
http://oilprice.com/Latest-Energy-News/World-News/Researchers-Find-Process-to-Turn-Natural-Gas-into-Energy-70-Times-Faster.html
The US Jobs Market in
One Picture: Source: http://pragcap.com/the-us-jobs-market-in-one-picture
How oil travels
around the world, in one map: Source: http://oilchangeproject.nationalsecurityzone.org/choke-points/
The Shallows: What
the Internet Is Doing to Our Brains: [Note: have I talked about this book
before? It’s worth rementioning if yes. 4 key points: (1) Greater access to
knowledge is not the same as greater knowledge, (2) An ever-increasing plethora
of facts & data is not the same as wisdom, (3) Breadth of knowledge is not
the same as depth of knowledge, and (4) multitasking is not the same as
complexity.]…Source: http://www.amazon.com/exec/obidos/ASIN/0393339750/farnamstreet-20
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