http://www.mirror.co.uk/news/world-news/designer-sues-airbnb-copying-paris-6825939

Don’t judge me, Mint

 

iPhone 4S is the last, truly well-designed iPhone. Glass front, glass back, metal band.  The iPhone 5 was not bad, and certainly better than the 6. A camera that juts out in the back, and “what-were-they-thinking” antenna bands.

In that line of thought, I’m intrigued by these rumors. http://www.macrumors.com/2015/11/16/4-inch-iphone-mid-2016-ihs-kevin-wang/

Tech

The Decay of Twitter

I Like Instagram

“efficiency is the enemy of intimacy.”

A Problem with Path – by designer/writer Mills Baker

https://en.wikipedia.org/wiki/Dunbar%27s_number

The Tech Bust of 2015 – by Sam Altman

related: How Liquidation Preferences Work (in Venture Capital)

Plex on the New Apple TV

Does it rival Kodi?

Investing/Trading

Book Recommendations on Quora  – By Brian B.

Black Box Trader AMA on Quora

Market Wizards book series (Schwager)
The Discipline Trader
Abnormal Returns Blog

Fun word to say out loud


Demonstrably

Finance


Consumers’ Holiday Spending Plans

Consumer holiday spending intentions (and by proxy consumer confidence?) at highest since 2007, pre-crash

A duo of charts – Hedge Funds not commanding the same premium they once did

This is the Small Cap Secret No One Ever Told You

“Small Stock Premium” – the idea that small stocks outperform large stocks, over time. Reason why? the additional premium compensates you for decreased liquidity & additional volatility.

But the out-performance isn’t as dramatic as some data/charts would lead you to believe. The reason is that the NYSE only recorded a small sample of small stocks before 1972. The sample was small and stocks chosen were beaten down large stocks, one which were more likely to outperform during a bounce back. The data is skewed.

Having said that, Small Cap portfolios (e.g., Dimensional Funds US Small Cap Portfolio) still out-perform large ones in more recent years:

Washington’s blockbuster budget deal could be the end of an era

Huge new gov’t budget deal extends the debt ceiling through 2017. After previous partisan fighting and showdowns over the budget, does this smooth-sailing signal the end of austerity? Is the tea party party and their influence waning?

[Or is this simply because Boehner is leaving office and he is conducting business in FU mode?]

Six Key Signals for the U.S. Economy

Economic recession/downturn is now unlikely. Why? Periods of recession follows periods of excesses, but in the current economy, no such excesses exist (except in the federal gov’t).

  • Bullish indicators:
    • Housing is improving. Both real estate prices and Housing Starts have both risen moderately.
    • Businesses have lots of cash. [But is this because they don’t have anywhere attractive to spend/invest in?]
    • State & local gov’ts are doing well. Their finances are improving, have ceased laying off employees, and are hiring again.
    • Households are doing better. Mortgage debt has been shed, net worth is up, average factory work week is up.

But, economic acceleration is also unlikely.

  • Bearish factors:
    • People are still scarred from the 2007-2009 crash.
    • Federal Gov’t has passed sweeping laws that are confusing and disruptive. Including Obamacare & Dodd-Frank Financial Reform.

Housing


https://www.reddit.com/r/sanfrancisco/comments/3qfm7v/month_to_month_caseshiller_housing_index_prices/

Tue, Oct 27th

Life


The Median Rent for an SF Two-Bedroom Hits $5,000/Month

This one strikes closest to home. Also making me think the most about what the heck is going on. Where are we in the economy? Are we in a bubble? The kind that’s going to pop or is this the New Normal.

Related reddit discussion

Finance


These Are the Fed’s Three Weapons If the Economy Falters

  • More Forward Guidance
  • More Quantitative Easing – Feds buy more Bonds. It has been effective in the past, but the Feds already have $4.5 Trillion on their balance sheets.
  • Negative Interest Rates – pushing rates below zero effectively means people will have to pay banks to hold onto their money. Creating incentive for people to spend/invest it instead. This has worked in parts of Europe with no downsides, but US could be different and negative rates will hurt small local banks (that depend on deposits)

A Dozen Ways Charlie Munger is a Superforecaster