I had the opp to chat metals with Grafite Capital’s Mihir Dange at the CME this afternoon. He trades the precious metals and he’s all over the gold and silver markets. We got into about gold, Syria, volatility, the gold to silver ratio and more. Check it:
The decision to invest additional resources in a losing account, when better investments are available, is known as the sunk-cost fallacy, a costly mistake that is observed in decisions large and small.
Microsoft has already committed to mobile in a big way economically, strategically and psychologically.
Those costs are sunk.
Now, instead of admitting failure, realizing mobile has been a huge loss and redirecting resources elsewhere or towards a newly devised and better mobile strategy, $MSFT will throw 7 billion at $NOK, a former leader that has failed miserably in its own right.
Microsoft doubles down to perpetuate a myth that it is still in the mobile hunt instead of experiencing loss realization.
Blu has an amazing capacity to integrate multiple complex factors in his analysis and somehow manages to clarify Fed tapering, housing, rates, emerging markets, Syria and crude in this short video. Great takes…
I’ve been at the beach and so am out of the loop a bit about what’s going on in the market. I did see this about the NASDAQ outage and, as I check around, note that everyone is talking about it ad nauseam,
If Fischer Black were alive today, I’m sure that he would be laughing hysterically or perhaps he would be unable to stop throwing up.
1. The market is not broken. NASDAQ is having some serious issues but they will get them squared and then everything will proceed as they were previously. Recall when the AP Twitter account was hacked and the market dropped for a minute and all the pontification during and afterwards. Meanwhile, that occasion was barely a blip in the larger scheme and $NDAQ is probably a buy if its down 5%…
2. If you spent the afternoon attending to this instead of your portfolio, then you were just wasting time on the noise of the day.