Herbert I. London did some research on pessimistic predictions. You can find his article here. Here are some fun ones:
In 1927, film producer Harry Warner said, “Who the hell wants to hear actors talk?”
In 1905, Grover Cleveland said, “Sensible and responsible women do not want to vote.”
In the 1830s, Dionysius Lardner, author of The Steam Engine Explained and Illustrated, said, “Rail travel at high speeds is not possible because passengers, unable to breathe, would die of asphyxia.”
When told of Robert Fulton’s steamboat, Napoleon said, “What, sir, would you make a ship sail against the wind and currents by lighting a bonfire under her deck? I pray you, excuse me, I have not the time to listen to such nonsense.”
Here is an interview with Kobe Bryant from Yahoo! Sports.
I have been having problems with the video so here is the link in case it doesn’t work. (I have been using Mac from this post, it’s a little different)
Thank you so much for the positive comments I have received on the previous emails. Because of the positive feedback I decided to make it better to keep the momentum going. I invite you to read the new edition on my blog at brianlangis.wordpress.com There is more contents, the display is better, more visuals, files, comments and I also post occasionally. Enjoy reading about Zynga, Romney vs Obama, Manchester-United, Usain Bolt, RIM, Glass-Steagall, a couple videos, a hot police chase and more.
Also free to check out emergingfrontiersblog.com
Me and colleagues are tracking down frontier market news at Leopard Capital’s frontier market blog emergingfrontiersblog.com
Zynga a Speculative Value Play?
ZNGA is trading for about $3 with a market cap of 3.9b. This is far from the $10 IPO. The stock has been getting slaughtered because of slower growth forecast. The investment thesis: With about $1.5b in cash or $2 per share, you are buying Zynga on the cheap, almost entirely for its cash. They also own their $233m office in San Francisco. This is the kind of valuation you see in companies in distressed situations but Zynga isn’t burning any cash and that’s important. With only $100m in debt and a current ratio of 2.24x (It means that they can pay their bills for a while) you might be in for a safe bet. The risks: A Facebook crash, shitty games, terrible management, or they start blowing the cash on shitty acquisition. So tell your friends to load up their credit card with virtual potatoes. Continue reading “Information Ring – August Back to School Edition”→
Reposted from The Atlantic Monthly
By Ruchir Sharma, author of Breakout Nations and the head of emerging markets at Morgan Stanley and a longtime columnist for Newsweek, the Wall Street Journal, and the Economic Times of India.
Quite like an Olympic sport, hand-wringing about “America’s decline” is popular, practiced all around the world, and often dominated by Americans, themselves. Unlike an Olympic event, it’s wasted energy.
Usain Bolt is the most dominant sprinter the world has seen in a century, perhaps more, so when he runs at the London games, anything less than victory by a blistering margin will be greeted as a disappointment. Results are always relative to expectations, and this as true for global economic competition as for the 100-meter dash. These days, the United States is an underestimated underdog, while China is still widely seen as something more like Bolt. The expectations gap is crucial to parsing the confused public discussion of the American recovery, and what it means for America’s future.
Here is a piece of excellent research on gold by Natural Resources Holdings plus an infographic from Visual Capitalist on global gold mines and deposits.
According to their website Natural Resources Holdings is a holding company focused on the acquisition, development and ownership of natural resource assets with favorable long-term fundamentals. Our investments consist of real interests in drill-defined deposits that can be advanced towards production and an investment portfolio of equity securities.
Their research aimed at answering questions such as:
How many ounces of in-situ gold exist?
How many gold mines exist in Canada?
How rare is a 1.0 million ounce undeveloped deposit?
And there is also a couple rankings on the world biggest mines.