In other industries, this is called predatory pricing, and many forms of it are illegal because they’re so destructive to healthy businesses and the welfare of an economy. But the tech industry is far less regulated, younger, and faster-moving than most industries. We celebrate our ability to do things that are illegal or economically infeasible in other markets with productive-sounding words like “disruption”.
christmasgorilla

vruba:

I run into some version of this essay by some moneybags twig-bishop about once a year, and it bugs me every time.

Here’s the thing. Wealth is not a number of dollars. It is not a number of material possessions. It’s having options and the ability to take on risk.

As with carrying, so with owning in general. Poor people don’t have clutter because they’re too dumb to see the virtue of living simply; they have it to reduce risk.

When rich people present the idea that they’ve learned to live lightly as a paradoxical insight, they have the idea of wealth backwards. You can only have that kind of lightness through wealth.

rickwebb
thisistheverge:

Self-driving trucks tested in Japan, form a close-knit convoy for fuel savings
As Google and others ramp up their plans to develop self-driving cars, one government-funded corporation in Japan is already making headway with autonomous heavy duty trucks. In order to save fuel, the New Energy and Industrial Technology Development Organization (NEDO) has programmed a convoy of four trucks to drive just four meters (about 13 feet) apart. That cuts down on air resistance, reducing drag (and thus improving fuel efficiency) similar to drafting with a race car.


Autonomous vehicles are going to create massive change.  Love seeing this stuff.

thisistheverge:

Self-driving trucks tested in Japan, form a close-knit convoy for fuel savings

As Google and others ramp up their plans to develop self-driving cars, one government-funded corporation in Japan is already making headway with autonomous heavy duty trucks. In order to save fuel, the New Energy and Industrial Technology Development Organization (NEDO) has programmed a convoy of four trucks to drive just four meters (about 13 feet) apart. That cuts down on air resistance, reducing drag (and thus improving fuel efficiency) similar to drafting with a race car.

Autonomous vehicles are going to create massive change. Love seeing this stuff.

The above video is from Qwiki’s new iPhone app.

All you have to do is take a bunch of picture and/or video and Qwiki’s app will put it together a video and then suggest or allow you to choose music.

Today I took Oliver on a hike and took a few pictures and videos.  Then opened the Qwiki app and in a few seconds this video was made.

I have been a adviser to Doug and Qwiki for a while but this post has nothing to do with that.  I am so impressed by what they have built, it has been a long time since something hit me with that wow factor like this app has.

Congrats to Doug and the team for hitting this one out of the park!

If I shorted stocks (which I don’t) I would be shorting Facebook right now. They are growing their mobile ad revenue but the quality of it is total shit. This is a ad from one of the “buy my system and make money” scam artist ass hats. 

Facebook can not build a big sustainable company on shit like this. They need to figure out ways to truly leverage the community.

If I shorted stocks (which I don’t) I would be shorting Facebook right now. They are growing their mobile ad revenue but the quality of it is total shit. This is a ad from one of the “buy my system and make money” scam artist ass hats.

Facebook can not build a big sustainable company on shit like this. They need to figure out ways to truly leverage the community.

parislemon

Even a small shift in manufacturing will have a huge impact on the US economy.

When you take some of the macro things that are happening like this and energy independence the US might actually be heading for some good times in the future.

Who knows maybe we will even be able to pay off our debt…

parislemon:

Chales Fishman for The Atlantic:

GE wasn’t just able to hold the retail sticker to the “China price.” It beat that price by nearly 20 percent. The China-made GeoSpring retailed for $1,599. The Louisville-made GeoSpring retails for $1,299.

Time-to-market has also improved, greatly. It used to take five weeks to get the GeoSpring water heaters from the factory to U.S. retailers—four weeks on the boat from China and one week dockside to clear customs. Today, the water heaters—and the dishwashers and refrigerators—move straight from the manufacturing buildings to Appliance Park’s warehouse out back, from which they can be delivered to Lowe’s and Home Depot. Total time from factory to warehouse: 30 minutes.

American manufacturing seems poised for a comeback. Not for everything, but for a lot of things.

fred-wilson
Right now, there are brilliant students from all over the world sitting in classrooms at our top universities. They’re earning degrees in the fields of the future, like engineering and computer science. But once they finish school, once they earn that diploma, there’s a good chance they’ll have to leave our country. Think about that.

Intel was started with the help of an immigrant who studied here and then stayed here. Instagram was started with the help of an immigrant who studied here and then stayed here. Right now in one of those classrooms, there’s a student wrestling with how to turn their big idea—their Intel or Instagram—into a big business. We’re giving them all the skills they need to figure that out, but then we’re going to turn around and tell them to start that business and create those jobs in China or India or Mexico or someplace else? That’s not how you grow new industries in America. That’s how you give new industries to our competitors. That’s why we need comprehensive immigration reform.

damn straight

President Obama in Nevada today, laying out a four-part plan for comprehensive immigration reform
(via barackobama)

Yup

parislemon
We just had the best quarter of any technology company ever. The only companies that report better quarters pump oil. I do not know about you all, but I do not want to work for those companies.

What Tim Cook reportedly said to employees at the latest Apple Town Hall event this past week. (via parislemon)

I still think it is incredible how the market has reacted to Apple’s last quarter.  I am a happy shareholder at 460 and look forward to the day (which will probably not be too long from now) that everyone thinks Apple is a unstoppable company again and pushes the stock to 700 (I am not a crazy believer so I will probably sell around 600-650)

Bought Apple stock today

Overall I hate buying stocks and only a medium fan of Apple. But if you take the cash off of their balance sheet the company is now selling at around 6 times earnings.

Wall Street seems to either think companies can do no wrong (see linkedin) or in Apples case do no right.

I am happy to buy the ones that are hated, still have a great future in my opinion and make a ton of money.