Pop-news analogy excellence

I doubt you’ve come across a better analogy today:

This is like, a taxi driver flies on United Airlines from New York to Miami, and in Miami he picks up a guy who owns a boat and drives him to the marina, and then the guy with with boat transports bags of cash for a drug dealer, and you hold United responsible.

Fund Conflicts and Tax Napkins, April 27, 2017, at 03:37 PM

It’s a valid analogy, though. And on a very valid point of criticism:

J.P. Morgan Chase & Co. prohibits banks it transacts with from dealing with virtual-currency exchanges, according to an internal document seen by The Wall Street Journal.

The concern here is that JPMorgan might transfer money for another bank, and that other bank might transfer money for a bitcoin exchange, and that bitcoin exchange might transfer money for a drug dealer. Which, in the eyes of the law, means that JPMorgan might as well be dealing drugs itself.

Bring me my fat soaked steak!

The research team thought that patients who ate diets with plant fat would have lower cholesterol—and they did, by about 14% overall. But they actually had higher risks of any kind of death than their animal-fat-eating peers. For every 30 points total cholesterol was lowered, the risk of death increased by 22%.

For years, we’ve been told fat clogs our arteries. Now, scientists say that’s all wrong., April 27, 2017, at 07:35 PM

Passive investing, markets & volatility

All this low volume and low volatility is having an impact on the stock trading business. It doesn’t matter the markets are near new highs. If no one is trading, or everyone is moving to passive investing, well, that is a big problem.

Trader Talk: What happened to all the volume and volatility? – April 20, 2017, at 10:28 PM

Inevitability of the trolls

Mat Honan wrote on Tuesday about Facebook, Inc.’s new augmented reality tools:

“Yes, someone can create a virtual painting, meant to beautify the city, or leave a virtual note to a loved one that reaches them at just the right moment, in just the right place. But someone else will probably leave a swastika. Because if there is anything to be learned about the modern internet, it is that if you build it, the Nazis will come.”

Juice Machines and Red Flags, April 22, 2017, at 08:23 AM

Culture and success

ModCloth was founded in Pittsburgh, but later moved its HQ to San Francisco. It’s impossible to know if things would have worked out differently had the company remained in the Steel City, but some of its quirky retail culture did seem to get commingled with the “grow grow” tech etho

Using Debt Like Growth Equity – AVC, April 24, 2017, at 10:13 AM