Happy Hour: Optimism Is Better

Welcome to the end of the week! Just sit back, relax, and enjoy this weeks roundup in another edition of Happy Hour.

Optimism Is Better

Marc Andreeson was interviewed by NY Mag this week. Several topics were discussed including optimism versus pessimism:

And I can tell you, at least from the last 20 years, if you bet on the side of the optimists, generally you’re right.

I agree, as long as we avoid the two extremes. Somewhere between the two sits reality. For now, lets focus on pessimism. Continue Reading…

Happy Hour: Missing Efficient Markets

Welcome to the end of the week! Just sit back, relax, and enjoy this weeks roundup in another edition of Happy Hour.

Missing Efficient Markets?

On Monday, Twitter became a rolling stream of market psychologists trying to talk whoever was listening off the ledge. It’s been rolling all week.

I miss the efficient markets. When fear, and other feelings, were theoretically impossible.

Less than a decade ago, none of this was possible. Sure, Twitter didn’t exist, but neither did emotion in the markets. Continue Reading…

Happy Hour: P2P Disruption For Who?

Welcome to the end of the week! Just sit back, relax, and enjoy this weeks roundup in another edition of Happy Hour.

P2P Disruption?

Bloomberg did a piece on the future of the finance industry that’s worth reading. In it, they interviewed Marc Andreessen on the potential for disruption in the finance industry. I won’t argue against the possibilities. We already see it with low-cost index funds,robo-advisors, and peer-to-peer lending. The finance industry is ripe for change and these are very early days.

Though, I’m not convinced P2P lending is the disruption it was meant to be. Who really wins? Continue Reading…

Happy Hour: Don’t Be A Loser

Welcome to the end of the week! Just sit back, relax, and enjoy this weeks roundup in another edition of Happy Hour.

Don’t Be A Loser

Gallop released its latest Optimism Index numbers early this week. The seven-year highs seem like a big deal even though it’s not even half of where it was in 2007.

The poll was conducted a month ago. I wonder where investors stand after the past two weeks? Squeamish? Skittish? Optimistically cautious? Walking on eggshells? Continue Reading…

Happy Hour: Stagnant Income And The Internet Of Things

Welcome to the end of the week! Just sit back, relax, and enjoy this weeks roundup in another edition of Happy Hour.

Income Stagnation

Much has been discussed lately about a lack of rising income. Higher wages is typically a sign of an improving economy, which we haven’t seen yet. As FiveThirtyEight points out, income has actually fallen for the average middle class worker over the past 15 years.

I doubt it’s a coincidence that incomes have stagnated at the same time the internet technology disruption has commoditized many products and services. Continue Reading…