March 4, 2022
“War is the realm of uncertainty; three quarters of the factors on which action in war is based are wrapped in a fog of greater or lesser uncertainty” —Clausewitz The unspeakable violence and aggression that Russia has unleashed against Ukraine Read more…
September 6, 2021
Today is Labor Day in the United States, a day when we are supposed to reflect on everyday people who work hard to make sure our economy works. The past two years have upended the 20th century industrial model of Read more…
May 6, 2020
As investors try to navigate the COVID-19 world, they’re taking a hard look at their portfolios and solving for the new normal. In the midst of highly volatile traditional financial markets, savvy investors are searching for new avenues for not Read more…
April 9, 2018
This past Friday I spoke at Penn’s inaugural Blockchain Conference. It was a special speaking engagement for me, as I am a Penn grad and my interest in economics and business started and flourished there. Over the past five years speaking on Read more…
December 17, 2017
This evening bitcoin futures will start trading on the CME. While trading has been light on the CBOE after last Sunday’s launch, after briefly crashing the CBOE website upon launch, the CME product will likely have heavier volume as it Read more…
July 21, 2017
I woke up this morning to the news that Uber’s board asked CEO Travis Kalanick to resign. After a year of allegations of sexual harassment, questionable competitive tactics and employee turnover, this isn’t much of a surprise. For those of Read more…
November 14, 2016
Once every 20 years or so, new technology comes to market that has the potential to change how we communicate, how we do business, and pushes the boundaries of everything we thought was possible. In the 1970’s it was the Read more…
July 29, 2014
The last 2 weeks were notable for the world’s two most populous countries. If there was any doubt that the 21st century will be “The Asian Century” Jack Ma and Narendra Modi, an unlikely pair, lay those doubts to rest. Read more…
July 27, 2014
I just wrote a short piece which Quartz published today. I’m re-posting below. Do I think we are in a valuation bubble? I think that later stage valuations are frothy (for reasons I explain below) while earlier stage valuations are Read more…
July 18, 2011
The title of this blog comes from a presentation I did at last year’s Web 2.0 conference in NYC, in September 2010. I overviewed the growth of the global internet and penetration, noting that the future of the Web was Read more…