Category:News
A quick review of my technology (FANG+T) market predictions
About four months ago, I made a prediction that Netflix (NFLX) was about to replicate the cryptocurrency curve in terms of valuation, or more appropriately, overvaluation:
… Read moreMy estimate for BTC’s value is close to $0 (but not exactly $0). NFLX on the other hand at least produces something not easily replicable, so while it may not be valued close to $0,Â
Goldman Sachs sets the Netflix trap
The pump-and-dump is on.
Back when BitCoin and other cryptocurrencies were ascending to unprecedented and irrational highs, I churned out article after article detailing all the analysis from first principles why the real valuation of cryptos is zero, and not $20,000/BTC.
I started writing about the cryptocurrency bubble when BTC was hovering around $… Read more
The Yanny/Laurel “debate” is a sign of the times
Another inanity sweeps the world. Another vacuous Tweet makes international headlines.
The Yanny/Laurel “debate” is surely a sign of the times we live in.
It is a “debate” devoid of nuance, encouraging more us vs. them mentality than independent and critical thought. Everyone is ready to jump into the fray, picking sides and st… Read more
Netflix jumps quarterly always on subscriber numbers, but never on profitability and sustainability
The pack leader in this debt-driven bubble, Netflix, made another 8% leap today with glowing media reports everywhere noting that subscriber growth beat analyst estimates in the latest earnings report.
If there’s any indicator big enough saying how much risky speculation is fueling this stock market, it is today’s wall-to-wall media co… Read more
Zuckerberg and Facebook’s Cambridge Analytica “scandal”: two wrongs don’t make a right
Despite the revelations of the obvious, that is, the implicit admission of censorship, privacy invasion and bias after Ted Cruz’s “grilling” of Zuckerberg, one has to be weary of the pitfall that this Senate hearing aims to achieve: merely passing the baton of corruption from a private corporation to the needlessly growing federal go… Read more
Thursday Thoughts: more reasons not to fully trust technology with your life
Add Panera Bread to the growing list of companies that can’t even secure your basic personal data
Joining Equifax, Uber, FedEx, DHS, Saks Fifth Avenue, and more, Panera was found to be negligent of its customers’ data, leaving full names, e-mails, home addresses, phone numbers and credit card information exposed in plain text off of its websi… Read more
Canadian Housing Bubble: Toronto sales down 40% YOY in March
Has a correction arrived and about to reverse course, or is the bubble just now feeling the pressure of the pin?
Let’s translate the numbers that came out from the Toronto Real Estate Board, a report that should be taken with a grain of salt considering the conflict of interest they have in reporting the truth:
… Read moreTORONTO — Canada’s largest real estate
Another Tesla Autopilot fatality: man selflessly gives up his life to train AI
Another naive software engineer bites the dust in Silicon Valley for not heeding the warning signs this blog has pointed out: outside of games with rigid rules and a finite set of moves, current AI is mostly just plain stupid.
In the awe of AI like AlphaZero, believing that AI will take over the world because of its dominance in linearly defined subjects such as … Read more
The pot calling the kettle black Part 2: Tim Cook criticizes Facebook for out-Appling Apple
In a prior article I wrote about a different pot, George Soros, calling the same kettle, Facebook, black, noting the similar approaches of both parties profiting off of propaganda, whether it be through the Open Society Foundation, media and academia on Soros’ end or social media on Zuckerberg’s end.
Recently, Tim Cook has come out in favou… Read more
I’m “grossly offended” by the Count Dankula verdict. When do the lawmakers and jury go to jail?
When any group of people determine what constitutes “fake news”, or “hate speech” or something “grossly offensive”, they have clearly proclaimed themselves as the moral arbiters and the all-knowing Gods of the world. Hence, we end up with their relentless demands to be all-seeing as well. Feeling entitled to acc… Read more