Why Buying A Car Is
So Awful:
A good 15 minute listen. But basically, franchise laws were set up over-time to
create local and inheritable monopolies for car dealerships, because the big-3
in the early 1900s were so powerful. Now that dealerships sizably contribute to
State tax revenues, it makes changing the status quo so much harder.…Source: http://www.npr.org/blogs/money/2013/02/12/171814201/episode-435-why-buying-a-car-is-so-awful
IPOs: When Stability
Creates Instability:
The not-so-comforting chart below…Source: http://pragcap.com/ipos-when-stability-creates-instability
Silicon Valley’s
Youth Problem:
a self-reflecting article (very well-written) that probes into the start-up
scene in the Silicon Valley – the angst amongst young entrepreneurs, the open
discrimination against the experienced, and perhaps just a little bit of
confusion as to why the brightest minds flood to making sexting apps vs.
creating something actually material (like Intel). Note: My thoughts? Money is
easy, and the patience when one has nothing is hard to come by – especially
when your friends are raising millions. Influential tech like Intel’s can no
longer created by 3 guys in a basement, but Apps can, and the detour to the
easier route to riches seems almost too logical…Source: http://www.nytimes.com/2014/03/16/magazine/silicon-valleys-youth-problem.html?_r=0
My Life as a Retail
Worker: Nasty, Brutish, and Poor: After veteran reporter Joseph Williams lost
his job, he found employment in a sporting-goods store. In a personal essay, he
recalls his struggles with challenges millions of Americans return to day after
day. A probing article on how difficult it has become (or perhaps always had
been) to fight against it when one comes from nothing…Source: http://www.theatlantic.com/business/archive/2014/03/my-life-as-a-retail-worker-nasty-brutish-and-poor/284332/
Cash Abroad Rises
$206 Billion as Apple to IBM Avoid Tax: Makes you wonder whether the old ways to
look at general market valuation are still valid given how international most
corporates had become…Source: http://www.bloomberg.com/news/2014-03-12/cash-abroad-rises-206-billion-as-apple-to-ibm-avoid-tax.html
What You Learn When
You’re 60:
A great, laugh out loud list…Source: http://www.ritholtz.com/blog/2014/03/what-you-learn-when-youre-60/
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