Archive for June, 2012

  • If We’re All In This Together, Than We’re All In This Together
    Posted by on June 29th, 2012 at 10:06 pm, Comments: 0

    The debate over whether our government should be providing free healthcare to its citizens has no right or wrong answer. Is universal healthcare a right? Should we expect our government to provide for it like they provide a military for security, like they provide police, schools, and fire fighters? The constitution doesn’t say it should [...]

  • The Causal Heuristic
    Posted by on June 27th, 2012 at 3:08 pm, Comments: 0

    Every day we read headlines from financial media publications which attempt to explain why the market was up or down. You may think that these headlines are just to garner pageviews, and often they are dramatized to do that, but the explanation goes much deeper than that. Our brains love to connect cause to effect. [...]

  • Here Come The Banker Estimates For Facebook
    Posted by on June 26th, 2012 at 4:01 pm, Comments: 0

    The 40 day silent period the brokers and investment banks are held to after an IPO will end today for Facebook. Tomorrow morning you’ll see a flood of research reports, estimates, price targets, and ratings from these guys. It’s highly unlikely that you’re going to see any massively negative reports. Given the troubles Facebook is [...]

  • Estimize Notifications Via Twitter
    Posted by on June 25th, 2012 at 11:01 pm, Comments: 0

    About 50% of the Estimize community signs up with their Twitter account. We’re not surprised as Estimize was created in part to give the Twitter/StockTwits community a more natural way to share fundamental analysis. Sharing information from Estimize to Twitter/StockTwits/LinkedIn/Etc has always been a key aspect of what we’re trying to build. Yes, Estimize does [...]

  • You’ve Been Brainwashed Into Believing In Relative Return
    Posted by on June 22nd, 2012 at 11:00 pm, Comments: 0

    Rule #1: Don’t lose money. Rule #2: See rule #1. Those were the first two things I was taught by David Geller on my first day as a trader at Geller Capital. For some of you that may seem obvious. Don’t lose money, of course, who the hell would think otherwise. For those mentioned above, [...]

  • WealthFront, Betterment, SigFig and a Bankrupt Investing Philosophy
    Posted by on June 18th, 2012 at 12:26 pm, Comments: 0

    In August of 2011 Marc Andreessen wrote an op-ed in the WSJ titled “Why Software Is Eating The World.” While many had already put together those dots previously, his very public pronouncement via the WSJ which is ready by the investment community at large, was significant. Since then, software companies, both in the public and [...]

  • Being a Cannibal Isn’t Easy
    Posted by on June 13th, 2012 at 6:18 pm, Comments: 0

    I’m in between meetings on a ridiculous day of meetings that just got more ridiculous a few minutes ago. But I found a Starbucks to duck into and chill for a few seconds while I collect my thoughts. I’ve been learning a lot about my industry the past few weeks from some very smart people that we are either [...]

  • Prometheus and Creation Mythology
    Posted by on June 10th, 2012 at 2:06 am, Comments: 0

    I always hated english class and 90% of the books we were told to read. I read 10% of them, and bullshitted my way through the other 90, part of the reason I’m a decent writer, it was out of necessity. When I got to college and had to pick a lit class, I took [...]

  • Last Night Was Awesome
    Posted by on June 6th, 2012 at 11:46 am, Comments: 0

    What a thrill it was last night to get up in front of 700 or so people and present Estimize. I’ve been going to New York Tech Meetup for several years, and just to be asked to present is an honor itself. First, Jessica and Nate, the people behind the scenes who run NYTM are [...]

  • Lean Startup Testing Hacks Gone Too Far?
    Posted by on June 4th, 2012 at 11:14 pm, Comments: 0

    I’ll admit it, when we started Estimize we put a Launchrock page up 3 months before we had anything to show anyone. I ran a classic lean startup test to see if there was enough interest in my idea. Did the social finance community want an open estimates platform where they would contribute their own [...]