Pouring money into digital, sucking it out of newspapers
Last week in New York:
“I think we’ve got to pour some money into digital… There’s so much going on on the Internet. We’ve got to find new ways and new business models to get revenues. Or else the world is going to be owned by Google.”
Rupert Murdoch in the Wall Street Journal, explaining what he [...]
Facing the economic facts
The Adam Smith institute says UK media is vapid. It churns out commentary about how people feel, but too rarely presents economic facts:
How much more effective our public spending would be… if the familiar cry for ‘more resources’ were routinely coupled with the idea of ‘opportunity cost’…. And how much less would be squandered on [...]
The Lewis Hamilton of investors
Third in Australia, second in Malaysia, second in Bahrain. It’s never happened before in Formula 1, but Lewis Hamilton, has won a place on the podium in his first three motor races. The fact that he’s a Brit makes his sporting achievement all the more remarkable. No doubt he put lots of work into lesser [...]
Watch out for Enron Beelzebub typeface
If you haven’t come across Footnoted.org, I like its style. Michelle Leder reads the documentation most investors consign to the pending tray, permanently. Yesterday she commented on Mastercard’s preliminary proxy statement (in English that’s information for shareholders intending to vote at its Annual Meeting). Mastercard pays for security systems in the homes of it’s executives, [...]
Revisiting the Big Picture
If you feel it’s time to update your view of the big picture, the Reith lectures, starting tomorrow on Radio 4 are a good opportunity. This year Professor Jeffrey Sachs, director of the Earth Institute at Columbia University, is giving the lectures from London (twice), Edinburgh, Beijing and New York. He’ll be talking about:
Population
climate change
hunger
energy
water
India
China
the [...]
Free market hypocrisy
Graeme’s posted a response to my lost blog post: Offshoring. Who’s next? His experience of emigration has not left him a fan of free trade, or its proponents.
Offshoring. Who’s next?
Mark Thoma, of Economist’s view, surmises a Wall Street Journal article reporting Alan S Blinder’s change of heart about offshoring. Professor Blinder is a Princeton acedemic and former adviser to President Clinton. Hitherto, the Journal reports, he’s held the conventional view (among economists) that all countries who participate benefit from free trade as each focuses [...]
Together, we’re stronger
Mark Zuckerberg, founder of Facebook, says working together online boosted his Harvard classmate’s grades. Grades, profits: can the same principle apply? We hope so:
Best of the blogs
Thanks to everyone who sent in links in return for a chance to win one of five copies of Ken Fisher’s, ‘The Only Three Questions That Count’. I’ve closed the competition now, and notified the winners.
A selection of our favourite blogs and sites by investors, as selected by real investors and traders:
Adam Smith Institute Blog: [...]
Brown is taxing stupidity
[Editor’s note: Wynona is a guest blogger and industry insider I’ve recruited to give our blog some bite. Go on, give her some stick, she deserves it.]
Perhaps the most striking thing about yesterday’s ‘repackaging’ of tax in the UK – for that is what it was of course - is what it says about the [...]
