Facebook’s SecondMarket muppets

Link. “shares in private tech-companies are a bit like fine art prices: a place for the rich to spend lots of money and feel great about owning something very few other people can have. The minute they become public and democratic, they lose their cachet.”

Gruber on Colligan’s Classic quote – 2006

Link. Oldie, but goodie. “Colligan laughed off the idea that any company — including the wildly popular Apple Computer — could easily win customers in the finicky smart-phone sector.

“We’ve learned and struggled for a few years here figuring out how to make a decent phone,” he said. “PC guys are not going to just figure this out. They’re not going to just walk in.”

The tail risks of the US safe haven

Link. “… the US appears to be a beacon and a safe haven. And whenever you achieve safe-haven status, the short-term benefits (the 10-year Treasury bond now yields just 1.65%, which more or less amounts to the markets begging the US government to borrow more) are always offset by hidden tail risks which tend to bite very hard indeed when they finally materialize.”

There’s always a catch.

Chamber of Commerce works for the GOP

Link. “.. the $33 million it spent in the 2010 elections on issue ads was almost entirely in support of Republicans and against Democrats, as will be the estimated $50 million it may spend this year.”

Democrats must not support the Chamber of Commerce.