Big asset managers aren’t scary. Neither is passive investment.
Everybody’s writing about this idea that Spotify might go public not through a traditional IPO, but rather through a direct listing. Direct listings are rare beasts, and so in order to understand them, reporters phone up bankers who work in equity capital markets. But the problem is that bankers who work in equity…
“Silicon Valley is sexist” is a depressingly common and uncontroversial statement. “Silicon Valley is innumerate,” on the other hand, seems to be pretty false. Except, it turns out, when innumeracy conveniently supports entrenched sexism.
Ryan Sutton loves Cosme, a high-end Mexican restaurant in Manhattan, but he doesn’t love its prices, which are not only high but also rising at a rapid pace. “The prices Cosme charges, while always high, have become somewhat startling in their upward trajectory,” he complains, saying that “I can’t think of a single a…
Warren Buffett’s annual letter to shareholders, edited by the great Carol Loomis, is a yearly masterclass in how to think clearly. It’s also highly educational : It has certainly informed my own thinking on many subjects, and nearly all of the time I end up agreeing with Buffett.
How did Moonlight win the Best Picture Oscar, when La La Land was not only the strong favorite going in to the evening, but also picked up Best Director? The answer has nothing to do with misadventures surrounding envelopes, and everything to do with the arcane subject of voting systems.
Here’s a Nieman Lab article about the WSJ’s push notifications, which is hobbled somewhat by the Journal being rather coy about what it’s revealing. Specifically, while the WSJ was happy to say that its average open rate had gone up by 21% after certain tweaks, they wouldn’t tell Nieman what it was, or is.
Gerry Baker, the editor of the WSJ, spent 1,000 words on Wednesday trying to make clear exactly where he stands on the subject of calling Donald Trump a liar. This is the man who, not long ago, admonished his staff that “for all reporters and editors, writing must come into sharper focus”. So, why is it still…