OpenAI is an artificial intelligence research laboratory started in 2015 by Elon Musk, Sam Altman, Peter Thiel, Reid Hoffman, Marc Benioff, and others. OpenAI’s mission statement: Our mission is to ensure that artificial general intelligence benefits all of humanity. The OpenAI Charter describes the principles that guide us as we execute on our mission. While OpenAI is […]
As the U.S. Embraces MMT, Tesla Could Reach $10,000/Sh In 2021
By way of background, I’m a former Goldman Sachs equity analyst. So, IMHO, I appreciate the fundamentals of stock valuation and stock markets. When the markets started rising sharply in April, I wrote “7 Reasons Why The Stock Market Is Going Up While The Economy’s Imploding” to understand what many, including myself, were finding so […]
The Single Most Important Thing In Tech
Whether you’re a tech investor, a tech operator, or just a user of tech, the single most important thing in tech is FAMGA, and the profound implications of their domination of tech value creation.
The World’s Falling Apart, What Are You Going To Believe In?
I grew up believing in American exceptionalism. That the U.S. was better than other nations. That’s what I was taught. When I looked around, that’s what I saw. But among many other lessons, Trump has taught me that the U.S. is a banana republic, just like most other/every other nation in the world. And that actually makes […]
Black Swans are NOT Black Swans
The term Black Swan was coined by Nassim Nicholas Taleb, a finance professor, and former Wall Street quant trader, and was popularized after the meltdown that resulting after the Financial crisis of 2008. Per Investopedia, the definition of a black swan event is: A black swan is an unpredictable event that is beyond what is normally expected […]
As Facebook Embraces Fake News, Shareholders Brace For Catastrophe
TL;DR Summary — I’ll cut to the chase. I believe in karma. And if I’m right, and karma’s a thing, then Mark Zuckerberg risks going down in infamy like other billionaires who built (bad) things that worked till they didn’t. The latest example, the Sackler family, who turned the “opioid crisis” into a household phrase. Once again […]
Facebook Leveraged Fake News To Grow User Engagement in Q3 ’19. Let The Rest Of The World Be Damned
I’ve been following Facebook since I called Mark Zuckerberg in 2004, a month after launch, and offered to buy the company (I was running Bolt at the time). In March, 2010, I published the first Wall Street style research report on Facebook on Tumblr, with a $100 billion five year price target (it was actively trading in the private […]
What is Bitcoin?
As Bitcoin starts to gain the attention of the broader population again, we continue to struggle as an industry to define what Bitcoin is in a way that’s accessible to most people. I recently attended a Bitcoin 101 class taught as part of the grand opening of the awesome Bitcoin Center Miami. It’s a great way to help […]
The Three Different Bitcoins
For most, Bitcoin remains an enigma. I think part of the difficulty in understanding Bitcoin is that it’s not just one thing. Bitcoin can be many things, depending on how you look at it. Depending on the prism you look at the world throug
Facebook is Dying, Libra Won’t Save It, and Wall Street is Clueless
I was the first person to call Mark Zuckerberg in 2004 and offer to buy the company (I was running Bolt at the time). In March, 2010, I published the first Wall Street style research report on Facebook on a Tumblr blog, with a $100 billion five year price target (it was actively trading in the private markets at […]
Bitcoin : The Worlds Best Store of Value, 2024 Price Target = $50,000
Target Price = $50,000 (assumes $1 Trillion valuation and 20,000,000 BTC, fully diluted) I’ve been around the block. In the 90s I was an equity analyst following media companies at Goldman Sachs. I loved it. But the internet came calling, and I jumped in. After my 2nd company, I became an angel investor and then a VC. […]