StreetEYE Blog

Druce Vertes, CFA

Author


‘Big Data’

If ‘The Graduate’ were made today, Benjamin Braddock might hear a well-meaning uncle stage-whisper ‘Big Data’ instead of ‘Plastics.’ (Runners-up: ‘The Cloud’, ‘Social Discovery’, ‘Gamification’, the list goes on.) ‘Big data’ is a buzzword that people throw around a lot. What does it mean? Large data sets are not new. The IRS, the Census, Walmart, […]

What I Learned

I didn’t really post as much as I would have liked this year. I envy people whose thoughts come out in a more or less coherent, finished form. When I post something, I always think of what I really wanted to say after hitting ‘publish’. Today, I’m going to just try to write for an […]

Social capital – or, the lost art of not taking a dump in the community pool

The first casualty when war comes is truth. – Hiram Johnson Everybody talkin’ to their pockets Everybody wants a box of chocolates And a long-stemmed rose – Leonard Cohen Let’s talk a little about social capital. According to studies, Greeks work the longest hours in Europe, and their retirement age is in the middle of […]

Broken Windows

So, some people are talking about Hurricane Sandy putting people back to work, and others are pointing out that this is the ‘broken windows fallacy.’ True, a massive superstorm is usually not a good thing. Nevertheless, three quick points.

The Paul Ryan plan

The Paul Ryan plan ‘Promotes saving by eliminating taxes on interest, capital gains, and dividends; also eliminates the death tax.’ So people like Mitt Romney, and all his heirs in perpetuity, would never pay another dime in income tax. How sweet is that? How fair is that? It’s shocking that in this day and age, […]

A Target2 Thought Experiment

Suppose a Greek shipping magnate decides he’s not comfortable keeping his wealth in Greece, and decides to buy some nice real estate in Berlin. (As if most of the Greek wealthy hadn’t removed as much as possible to Germany, the US and UK long ago.) He writes a check for €1m on his Greek bank […]

Domino on the edge

“The crisis takes a much longer time coming than you think and then it happens much faster than you would have thought.” – Rudiger Dornbusch. Greece is at the moment of truth. There is no longer a functioning government. The ability to continue austerity is in doubt, and with it the ability to meet the […]

Startup Growth v. Revenue

Nick Bilton points to the lack of revenue at startups as signs of a bubble. Now, I’m not going to say that things don’t look a little bubbleicious right now, with $1b valuations and acquisitions of tiny startups with no revenue. But to some degree Bilton is channeling Eduardo Saverin, who famously pushed for early […]

How to Create the Ultimate Linkfest

At Linkfest.com, we love linkfests so much we named our website after them. When a knowledgeable professional is dedicated enough to get up at an ungodly hour to make an up-to-the-minute reading list for us, that just shows true love for the craft of investing, the game, and the readers. It just makes us warm […]

The Money Illusion

Irving Fisher is mostly remembered, a bit unfortunately, for writing that stock prices were at a permanently high plateau…right before the Great Crash of 1929. He also invented the Rolodex, pioneered early economic statistics-gathering, wrote of the Fisher money equation PY=MV and the Fisher debt-deflation cycle. (See Sylvia Nasar’s Grand Pursuit – interesting but wouldn’t consider […]


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