There are two things that strike me about the alliance agreed between Nokia and Microsoft:
- Combining Nokia’s failed smartphone strategy, with Microsoft’s failed smartphone operating system, is not a receipe for success.
- Nokia will now have three smartphone platforms, possibly falling back to two. This continued fragmentation is hardly a great way to get the critical mass then need.
The Huffington Post may not be a bad buy at the price AOL is paying, but that does not mean that AOL is right to buy it. Continue reading
Its fairly obvious that people are not, except for a few analytical souls, rational about risk: they worry obsessively about small risks and ignore ones that matter, and they are often no more rational about investing. Continue reading
I have just rewritten the Moneyterms article on volatility to cover common criticisms of volatility as a risk measure. The key points are that volatility makes intuitive sense when considered properly, correctly corrects for increased upside, and that the critics are unable to come up with a better measure.
I usually comment only on British companies (as investments, that is), but I also like to keep an eye on tech and internet companies, and on anything that illustrates a point. Demand Media falls in to both categories. Continue reading
I have been reading Galbraith’s The Great Crash of 1929 and a lot of similarities have struck me, not all of which seem to have been noticed by everyone. Continue reading
Richard Beddard has been annoying the gold bugs. This puts me in the unusual position of agreeing with him. Continue reading
Everyone seems to be interpreting the changes made by Google News as a victory for Murdoch and others who are trying t extract payments from Google in return for making their content searchable through Google. I disagree, and think it is designed to make life more difficult for those putting up pay walls. Continue reading
This is a bit less ambitious than my plan to reform capitalism, but the principles are the same.
Too big to fail is too big to exist
Big banks create too much systemic risk, and are far too much of a strain on government finances when they need to be bailed out. Continue reading
Alan Patrick is sticking his neck out and calling the top on Google’s growth. I am not convinced, and there are specific points that I have comments on. Continue reading