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I want to thank everyone who replied to our survey! Your feedback is extremely valuable! Here are the results and how they're helping shape our direction.
What goals would you like to see us accomplish? What's most important to you in how this Quadriga situation ends?
This was an open-ended question and the answers varied widely (and there was definitely a lot of responses which mentioned multiple goals). Here's a summary:
65% mentioned recovering losses for affected users.
45% described a desire to get better standards on Canadian exchanges.
30% included justice for victims.
25% desired education on crypto-asset protection.
20% had the creation of the new exchange.
The justice theme has been entirely overlooked by what we're doing. Discussing the idea on the Quadriga Uncovered Telegram group, it was determined that there was definite interest in a potential letter-writing initiative. One possibility would be sending letters to the RCMP to request the exhumation.
Is there any part of our initiative which confuses you?
Almost universally, there was no mention of any confusion. The feedback we did receive:
"The website landing page could provide an executive summary of the key aspects of the initiative".
The front page was last updated March 30th. We are constantly experimenting and improving the front of the website and our presentation of ideas and welcome any insight.
"I was worried with the proposal to have a token for affected users. The intention may be ok, but tokens and ICOs have a bad reputation for being scams. I confess that I didn't read the website of the Initiative, but from communications, I didn't see the association between the Initiative and the official committee."
We should make clear we are fully separate from the bankruptcy process. There is no tie to the official committee, although we have gotten their feedback throughout. This is an opportunity for the business community to provide additional help for victims.
We are contemplating the need for having blockchain-backing, however it does provide the ability to have greater transparency in the distribution/supply, more control in the form of a multi-sig smart contract, and easier liquidity options.
What we are doing is fundamentally different from any ICO. Tokens are distributed 100% free against verified losses. Redemption happens over time for utility (products/services) or goodwill (best-effort redemption) and it's always a fixed value of $1.
"Generally i understand. Confused about progress and value offer to crypto enthusiasts."
The initial (very first) value proposition for the tokens will be the ability to offset trading fees on the partner exchange, where we expect that traders may adopt having a small stash to cover their trading expenses as they trade. From there, we have other businesses interested in accepting partial payment in tokens. Basically, tokens are spent in place of dollars to get a discount at participating businesses which wish to support affected users.
In terms of progress, we are still waiting for three things:
Partner exchange full launch.
First bankruptcy payout to complete.
Reaching 1,000 signups (as necessary for our deal).
Please feel free to reach out on Telegram and Reddit if there are any further questions!
Is it more important to you that we focus on (a) helping victims of Quadriga recover, (b) educating more people about Quadriga and other exchange fraud, or (c) preventing future exchange fraud events like Quadriga?
Of the first or only choice picked, 70% chose (a) helping victims of Quadriga recover, while 30% chose (c) preventing future exchange fraud events like Quadriga. (a) was mentioned in 80% of cases, and top choice in 70%. (b) was a second choice in 30% of cases and mentioned in 35%. (c) was mentioned in 65% of responses and top choice in 30%. The educational portion of our initiative was seen as the lowest value. We are floating the idea of replacing the Education goal with a separate Justice goal, which is composed of letter-writing and other advocacy to help speed up any potential criminal investigations.
What bothers you most about Canadian cryptocurrency exchanges?
The responses varied widely. Here's a selection:
"The lack of unbiased information on how trustworthy exchanges are."
"The lack of transparency."
"that they are unregulated"
"I only use a non-custodial exchange now (Bull Bitcoin). The inertia and apathy of the government bothers me a lot. After Quadriga there should have been an inquiry. Even my emails to MPs Marie-France Lalonde and Bill Blair got no response. It's not realistic to wait for exchanges to 'self-regulate'."
"Terrible for trading and unreliable"
"Where is the regulation and oversight?"
"It's difficult to know which one is safe and w[h]ich one is not. It's easier to go to a bigger exchange (eg. Binance, Kraken, ... ) who has a solid reputation than Canadian one (at least for now)"
"Slow volume, difficulty to access for some, security"
"Security, trust, support, education"
There is clearly a lack of satisfaction.
Should preventing events like Quadriga focus more on regulatory reform (working with regulators) or trying to create change through setting the example on one exchange and go from there (similar to how "Tesla" has electrified vehicles)?
40% of respondents desired an approach which included both aspects.
40% of respondents desired an approach of setting an example in one exchange.
20% preferred a regulatory approach.
"(c), creating an independent classification/review system that would allow users to know which exchanges are most trustworthy, and to force less trustworthy ones to shape up."
There are a few such services out there. Key issues are that these opinions can be influenced by referral bonuses, the exchange reputations change over time (as was the case in Quadriga), and there is limited information on which to base the evaluation. Many reputable third parties have recommended shady services that subsequently failed.
Pressing forward on both fronts appears to make the most sense.
Would you rather have the recovery run inside of a for-profit exchange (sort of a marketing/promotion idea to push people onto a safer exchange) or as an independent group of affected users pushing for our own interests (working with the safer exchange and other businesses potentially similar to a labour union or political advocacy)?
The end result:
The majority (55%) prefer to have the independent group advocating for affected users.
A minority (35%) prefer to have it run in a for-profit/promotional way inside the exchange.
There were 10% of responses indicating both would be acceptable, or no clear preference.
We will be working to run this independently, however working closely with our partner exchange as a joint project (and it is definitely a promotional tool for them).
If given the choice, would you prefer (a) $20 cash each year for 10 years (slower recovery with full choice), or (b) your choice of $200 worth of discounts on products/services that are donated by small businesses which you could use this year (faster recovery with less choices)?
60% indicated a preference for (b), and 40% had the preference for (a). There is clear interest in focusing on both, which will push the fastest and most flexible recovery.
Affected users have a liquidation option which allows non-victims to purchase their tokens on the exchange. How do you feel about charging non-victims a small fee (5 cents per token) that is split between funding the project and a pool for affected user payout?
50% expressed outright support for the idea. Below are more detailed responses and comments:
"indifferent, although I think any fee will end up factoring in to the exchange rate on the value of the token. If people are willing to pay $10 for a $15 coupon, then a 5% fee might mean they'll only pay $9.50"
This is undoubtedly true. In your example, 25 cents would go to the project, 25 cents to affected users, and $9.50 to the seller. As opposed to $10 going to the seller.
"I am not yet clear on the cost structure of the proposed solution. Has the cost of managing the recovery effort been accounted for?"
It hasn't been properly accounted for, and this is one possible solution.
"I think that it is more important to have broad communication, reaching out to public at large and crypto communities in other countries. Then there should be multiple ways for different communities to contribute financially to affected users. I don't like the idea of fees and tokens because it seems to distract from the larger tasks of communication, rallying, documenting and advocating."
You bring up great points. Outreach is important, as is flexibility in approach. If you have more concrete ideas we would love to consider them!
"Good idea, but it restricts the on boarding of new users"
This is a fair point. The hope is that those participating want to help.
"I would prefer to avoid this option, Unless we can show that there are many added benefits from using this platform over others, thus justifying the fees and making it more acceptable to users."
Absolutely. Hopefully there will be many added benefits.
"I think it a good idea, fees will go anyway to affected users, I totally agree"
Awesome. That's definitely the intent.
"better not tax when tokens are transferred to the blockchain - tax the transaction (something small, in order not to affect the volume/liquidity too much) like what they are doing with the flight tickets in Quebec"
Absolutely! This would be a transaction cost only.
At the moment this has not yet been agreed upon by the partner exchange.
Have you discussed the project with anyone else who lost funds in Quadriga? What kind of feedback are you hearing?
40% said they've discussed it. 40% have not. 20% didn't answer (or it was hard to understand). Some of the responses:
"only online, and there there seems to be some confusion about the projects goals, some concerns about the connection to a for-profit exchange, and a general 'one bitten twice shy' mentality."
"Yes, Matt and my spouse. The problem was foreseeable. We just all ignored the risk because we were sold on the simplicity. The first red flag I saw was that accounts could be reloaded through an entity in China, which did not make sense, but I ignored it because of my perceived impression of protection given that the operator was in Canada."
"Yes - most have given up hope of recovering funds"
" I can't follow the chats on Telegram. I gained no knowledge the times I tried to read the discussions there. In fact the discussions there seemed to be not very polite. I wasn't able to connect with any other affected user. I wish there were some more structured gathering. Maybe a webinar would be nice."
Note: This sounds like it may be talking about the separate and more popular Quadriga Uncovered Telegram group. We would be very interested for any examples of impolite discussions on our Telegram group.
"This recovery process started out fine, but has turned into a circus show as is usual with lawyers who naturally want to stretch cases out to steal more money from victims."
"Not for now, I don't know any other victim (except members of Quadriga initiative)"
"Its your fault for keeping it on an exchange, what did you think was going to happen. There will be no money left after the 'bankruptcy'.. Lightning will solve all these problems other than recovery of funds."
Many affected users have strong privacy concerns and shame regarding what happened to them, such that they are even hesitant to share basic details. What do you feel is the best way to build trust and openness among the affected user community?
Here are some of the replies:
"I really don't know. Keeping things as anonymous as possible might help, but then the project would also need accountability to show that most of the tokens weren't sent to your own account. It's a tricky problem."
Absolutely. We also need to consider the various ways the project could be defrauded.
"What you are doing now. I am just not clear on the sustainab[i]lility of this effort without appropriate financial support."
"We all lost. We got burned. No shame in getting burned. It happens."
"There must be a way for affected users to connect to each other. Communication is the foundation, and it can be done preserving privacy. Some ideas include a webinar, chat tools that preserve privacy, etc. I heard of the documentary but I don't know what will be there. I think it is important also for the public at large to know how Quadriga affected users. That is, it's important for some personal stories to be published, ideally in the mainstream press."
We have Telegram, Reddit, and Twitter. A webinar would be great! There have been a number of mainstream news articles on Quadriga, although it's not well known outside of the crypto community. We welcome any further ideas for platforms.
"I would use the angle that crypto will continue to gain traction as time goes on, and that although the affected users were victims of a terrible fraud, we have an opportunity to prevent this from happening to others. I would also use the fact that this initiative has gained a considerable following and that affected users are all in this together, whether we want it or not."
"Maybe a guarantee that nobody will be further persecuted would help."
Hopefully no affected users are persecuted. Who's being persecuted?
"I don't know what else could be done for now."
"Just let us go forward."
"Once you demonstrate positive effects (and communicating about them), and set up ways to contact you securely, the users who have privacy concerns will contact you. You should have anonymous way to communicate with you (maybe using memo.cash?)"
Feel free to use an anonymous handle for any communication with us via Reddit, Twitter, Telegram, or email.
"Simple questions, good job :). Wonder about the stages of loss/gr[ie]f. Maybe the stinging pain needs to subside before people will trust."
Notes: Percentages rounded to the nearest 5%. Thank you very much for everyone who took the time to respond! We will continue to study your answers as we move forward!
This was written for a different group /stocks it got deleted so hopefully this time it works ! Disclaimer I dont want to sell you or recommend anything ! Just my expierence and little help so enjoy. If you want to ask me anything feel free, I try so answer everything. This article is meant to be a small guide that helps you to find your way. Its based on my experience and knowledge, I gained throughout the years. Iam by far no professional. Iam just a guy who loves to invest. If you are new and have few grands to invest this article might help you. My motivation to write this article was because when I turned 20 I got a small loan of 1 milli.... just few grands from my parents plus the savings I made from working. For me it was clear that I want to invest them. I always liked the idea making money and not really working for it! (Spoiler its kinda true and kinda not) So I sum up few steps which will helped me to orientate and maybe help you to make your first investement Step one 1. Where I can Invest?! You can basicly invest in everything. They are infinite options but I just cover up few topics. They are 5 investments I would like to adress.
Krypto n+1. art, old cars, drugs?! (Don’t do or sell drugs pls!)
Stocks (my fav.) I love stocks. I love understanding what the company’s plans are and where they are heading. They are 3 different types of investment strategies.
Short term (daily) That’s usually daily trading. That means you invest and sell on a daily basis. If your not a expert it can frustrating and the chances that you will lose is high. Many people forget that you have to pay taxes and fees so even if you for example invest 1.000 and sell for 1.050 within 20 min. You will have to pay some fees and taxes and with luck, you are where you started. It only makes sense when you invest a lot, otherwise it makes no sense and to be honest I don’t know any person which makes profit with it.
Difficulty: Hard Stress Lvl: High Risk: Medium/High Profit: Usualy bad Investement: Medium
Mid term (6month – 1 year+) You buy some stocks for a longer period of time and hope it will go up soon.
This investment is much easier and less risky than short term. You see a stock going up and up so you invest 5k and hope you can ride a little on this upwards trend. Its fairly easy but you have to keep an eye on the market. A good example is VW it dropped because it has some Image problems. Thats a chance to invest! It will most likely to recover because its the biggest automarker in the world and it did. It happend 1000 times and normaly big companies dont fail they are exception but without risk you dont get anywhere Difficulty: Medium Stress: Medium Risk: Medium Profit: Good Investment: Low
Long term ( 1-2years – 10 years+) Means you want to invest for a long time you are not only interested in making a quick buck but making a slow and steady progress. You are not interested if the stock goes up or down but you are more interested how much divendend they pay. Usualy they go up very slowly but steady. A good example for this type of stock is Royal Dutch (shell) it has ist up and downs but compared to other stocks ist stable. The dividend is 6% which is insanly good no other big company will pay you that every year. You invest 10.000€ and get every year 600€ which means a holiday for free. Also the work is very little, you only have to check the stocks every few weeks/month You wont get rich but its better than having it in the bank.
Difficulty: Easy Stress: Low Risk: Low Profit: Low Investment: Low-Medium Before you invest check the company read the news and get a good overview. I have to admit Iam a fanboy at heart. When a stock of one of my fav. company’s has potential and it does make sense to invest it feels like buying tickets for my favorite Rockband. You support and cheer them on and if they grow you grow with them. BUUUUUUT don’t get my wrong never buy stocks just because you like the company or they have a cool name. All in all Stocks are a great Investment! Real Estate If you want to invest in houses it’s a very save and profitable investment but it depends on your area and country you are coming from. In Germany most objects are overpriced right now so it wouldnt make any sense to buy some. In generell the more money you have the better. They will will be much more people who can afford an cheap flat/condo than the other way around. So expensive objects are better! The optimum is always a shitty apartment in a very good area. Also buying objects in bad areas cause lots of trouble with tenant. Crazy families who refuse to pay, messy people etc. this can end in a stressful situation so beware of that. If you are already rich af than buy propreties Example I went once to an auction and most apartments are sold for double the estimated value. It would take ages (20+ years) to get your investment back. So beware of your market situation. Difficulty: Easy Stress: Usualy low/medium Risk: Low Profit: Medium Investment: High Options Options are basicly betting that a stock with go up or down. You can bet on nearly everything. You can make lot of money very quick and lose everything even quicker. For me option trading is gambling with few extra steps. The difference is you can lose more than you invest. They are cases where people invest 1000€ and lose -120.000€ because suddelny the market changed. If you have gambling problems and tendency to gamble this is absolutly not for you. You can see here (in the forum) lots of bad examples where people going full YOLO on something and lose a ton of money. They save up a little, invest in something even more risky and lose again. I know a friend who makes good money from it but he has a clear head and read many books about this topic he uses software to analyse the situation and everything and he admits that sometimes he doesnt understand what happend. Of course options are not the devils tool but I like to be the voice against it. The truth is in the middle. Iam a person who likes to understand what am I doing. After reading and learning about it, for more than a year I was more confused than before. It is probably because Iam to stupid for it, so I gave it up and moved on. Options are not for me Difficulty: very hard (at least for me) Stress: high Risk: low - very risky Profit: It can be everything Investment: low
Start-ups are also a great business opportunity. I was lucky enough to invest once a little bit into a upcoming company from my firend. He showed me his company and the plans for the future. I already helped him with few shows and stuff so I knew how everything worked. The biggest bullshit I ever saw are the analyse prediction of the future sales. During the last few years I saw few of them and they all predicted that the company will make an absurd amount of money. It looked like high cool project all shiny and with big numbers. To be honest I dont even know who pay these people to make such bullshit predictions, seriously. (as you can see I love talking from my life so forgive me my dear) Long story short I still invested because I understood their model. They existed and already made great progress. I made 50% profit in 3 years. I am still very happy and greatful to had such good chance to invest and would do it again. They biggest question is how do I find such chances ? Tell people you are intersted to invest maybe a friend of you will start an company and you can invest or help you to find such a opprtunity. I went to many start up meetings and talk about a lot with my friends. They dont want to hear it but I tell them anyway and if there is a chance they will call me. Few Tipps: - Look for already existing companys - Most companys give you a very good inside look before you invest! If not watch out they hide something. - Try to understand what they are doing and where they are heading - Look what the will offer you for your money! Difficulty: Medium/hard Stress: Medium/low Risk: Medium/High Profit: Good/Very good Investment: From Low to high
Boy oh boy where to start. I heard to many experts saying yeah krypto thats future boyyyyyy I invested everything BOYYYYYYY and in few month I will be rich BOIIIIII. I heard this story so often that Iam allgeric to it now. This irregulated mess based purly on speculations wasnt anything form me. I didnt invest a cent into it and had lots of chances when bitcoin was 300-500 €. It didnt simply fit into my portfolio. It had no function for me. You could pay for your drugs in the deep web and some hipster pizzerias accepted it but in generell it had no function. So investing into kryptos is just speclutions it has no real fundation what I like. My friends who invested early made a ton of money but all the people on the Hypetrain crashed. Difficulty: I dont know Stress: Depends how much storys you make about it on Instagra´m Risk: Over 9000 Profit: It can be everything from super high to low in just few days Investment: What ever you want, if this is still to expensive for you, make your own coin and hope some Idiot buys it! Now you know my knowledge ehh more like my opionen on few things now its time for……. Step. 2. Get a rough overview Back than I didn’t know where to start so I asked everybody for advice like parents, friends , my parents friends, banks, forums, news etc. and got very different results. Friends and family can be a good source of information how they did it. Of course often investments are impossible to repeat because they are 20 years ago but they can give some good advice. Its nice to hear few cool stories. Example Royal Dutch shell hast wo different stocks. One based in england (B) one Dutch version (A) (explained very simple, not 100% accurate). If you purchase Royal Dutch (A) you have to pay a 15% withholding tax that you wouldnt when you buy Royal Dutch (B). Banks Banks are terrible to ask. I always had shitty experience. The lured me into meetings, only to sell some shitty investment models from which they make some good money of me or some stupid insurence. They are not interested in your loses or profits they are interested to sell you the next stupid investement from which the make money. They never keep their promises and if you loose they will cheer you up and show their new hot investement and so on and so on until you loose and they drop you. My mom works kind of in the finance sector and you wont believe home money older people lost ton of money because of this. I also found few very shady investements opportunities who would be illegal but I wont get into detail cause I dont have 100% proof for it and I also dont want to get in any trouble. As you can see Iam not big fan oft them and do not recommend! News/charts/indexes/Forums For me charts & news works the best. It’s easily so see what’s going on and gives you a great overview. The chart showed that a stock dropped 5%?! Good! Read the news/forums and find out what is going on! It’s that easy you don’t need 15 monitors and crazy software to understand what is happening. Dont make it to complicated! Have an easy overview about the market which you would like to invest. Example My parents invested around a year ago alot in Tesla. It was before Model 3 was released. Tesla had no expierence in mass production and it was clear (at least to me) that they wont have an easy start. They still made no profit and it was the first step to play with the big boys. Back than the Tesla stock was way over 300€ and it was based a lot on speculation and hype. It couldnt live up to they hype and dropped ≈ 30% - 35%.
Few points & strategies
No Emotions Never ever let your emotions guide you. Stocks are not based on a stomach feeling or any other emotion. Dont invest just because you like Elon Musk or Apple or anything. If I have a the chance to invest into one because the timing is right. Always make sure you know what you are doing. When it can wait a day, sleep a night about it and be sober! You can get sucked up into this world you will start giving a shit if you lose one grand and start digging deeper and deeper and lose sense the value of it. Stay sober and now when you have to stop. Making losses It will happend and dont freak out ! They are two options how to handle it and it depends on few things.
Sell them, you see the ship is sinking and their no possibility you can save it than sell it, It hurts but better early than it is to late. Or you find a better possibility to invest for example a start up than its also fine.
Keep it! Turning a Short/Mid-term investement into a long-term investement. Check first if the company will recover from it. For example the VW stocks dropped a lot due it scandal few years ago but it was clear that they will not go bankrupt so after a while they recover from it. Technically the market will grow infinite so after every crash they reach new heights, if you can wait that long the chances are high that you will make some profit and do not lose any money. Maybe the profit will be small but better than losing everything.
Diversity Dont put all your eggs in one basket but also dont but every egg in a different basket. Have a good mix that you can still have an overview about your investment. Dont depend on one investment something bad can always happend. Having a good mix is important some investments will go up and few will go down. Its rearly that everything will crash (expect crises). So you can sell the good one and keep the bad ones until they go up. Scams Online Stick to the basics! They are a ton of scammers online who want to show you a way to make fast money. Its mostly some MLM (multi level markting) aka Pryamide sheme, some buying and reselling some stuff from China or some weird option trading platform where pay in and your money is gone in 5 min without any trace o fit (no chance getting it back)! The Instagram advertisment is so ridiculous and I feel stupid mentioning it but hey if it wouldnt work they wouldnt exist. So please dont be this guy…. Offline I really wanted to invest and have an own start-up. I met many people and visited countless seminars. Few of them offered me to invest but it was a mostly a mess. Onced I got fooled. A friend and I meet a person who had a start up for social media. We had some meetings restaurant he paid everything for us and looked very legit. I worked 3-4 month in this start up 3-4 hours a day, even on weekends for free. Only later to find out I was the only one working in it. (My friend pulled out very early cause he wanted to focus on his PhD) They rest oft he Team did absolute nothing! All the money the company generated was based on my work. They didnt make a lot of money but around 600-800€ a month. The founder spend all the money on vacation and stuff. I never got anything. They wanted to sell me 10% of the company for 15.000€. I always said I need more inside infos, which of course I never got. So I pulled out and they went mad and threaten me to sue me. I feel to this day ashamed that I trusted them and didnt saw it. If you want get into something like this make a contract dont rely on handshakes people will tell you everything and wont keep it. I learned it the hard way Be open minded I met enough people who dont want to share with me their portfolio because they are scared that I will steal something from them. Its stupid! Talk to as many people als possible about your investment. Some amazing things can happend. I meet to many great people because of that and with some I share a 5+ years long friendship maybe we dont share the same ideas but I leanred a lot of it and sometimes I made some profit because of it! Be open ! Prediction & graphic lines When I did my first Investment (it was gold) I read every morning every article about it I could for at least a solid year. Every monring 20 min Thats rouhly 120 hours. Thats time I will never get back. It was wasted time. The news/articels predicted everything. It was a rollercoaster. I believed it in the beginning because it was new to me. It really messed me up and I spend way to much time overthinking. Its fine to see a prediction but the more extreme it is the more it will never happend. Also the trendlines are mostly worthless. I read so many people talking about the 50 day trendline or the 200 day trendline. It only idicates if a stock goes up or down but people interepte everything into it. “Oh yeah you can see the restience at 12.50 if it will drop below everbody will sell“. The next day it dropped and nothing happend. Dont believe everything in the internet. (lol) Keep it simple Dont make it to complicated you can have the best infos and charts and everything in the world and still lose everything. So dont make it to hard for yourself. THE MOST IMPORTANT ADVICE No depts Dont take a credit just because you know a great investment. No matter how much you could earn DO NOT TAKE A CREDIT. This can not only ruin you financily but also your family and your whole life. This is no joke! Make no depts. DO NOT MAKE FUCKING DEBTS! My Strategy It is a mixture of long term and mid-term stock investments. Its very easy I invested in: Before I buy some - Royal Dutch because of the high dividend - Deutsche Bank when the hit nearly a all time low hoping to recover (still hoping ☹ ) - Lufthansa because they bought few airlines and hopefully will grow but its not (thanks Greta !) - Tesla because they are low and made some good deals for the future. (update, sold it and made 30-35% in 6 weeks) Am I rich or making a lot of money?! Hell no! But Iam making enough to pay for my holidays and few extras. I am patient enough to sit out bad times. I never sold anything with loose and I want to keep it that way. I like having a clean record. Thanks for reading and feel free to ask my everything.
Special counsel Robert Mueller today is set to file new disclosures in court cases involving two of President Trump’s former close associates, both of whom have entered guilty pleas as part of the ongoing probe into Russian election in 2016. (CNBC)
Former FBI Director James Comey is scheduled to testify in private before two House committees today on his July 2016 decision not to prosecute Hillary Clinton for her use of a private email server and his role in the investigation into Russian meddling in the 2016 election. (USA Today)
A top executive of China’s Huawei who is under arrest in Canada is set to appear in a Vancouver court today for a bail hearing as she awaits possible extradition to the United States. The initial news roiled global stock markets. (Reuters)
John Bolton says ‘I knew in advance’ about arrest of Huawei executive(CNBC)
The House and Senate passed a measure to keep the government running for two more weeks, sending it to President Trump’s desk for his signature. The measure funds parts of the government through Dec. 21. (CNBC)
Republican Sen. Jeff Flake of Arizona and Democratic Sen. Catherine Cortez Masto of Nevada introduced a new bill, aiming for the Department of Defense to stop using federal funds to develop beerbots and robot bartenders.(CNBC)
U.K. lawmakers will vote on Theresa May’s Brexit plan on Tuesday, Dec 11.The outcome is uncertain, particularly if May suffers defeat. Some speculate it could lead to a change of prime minister or an attempt to revise the Brexit deal. (CNBC)
CNBC has learned that Apple (AAPL) is in advanced talks to buy rights to a gritty Israeli TV show called “Nevelot” (English translation: “Bastards”) and adapt it for the U.S., beating out bids from competitors including Showtime, FX and Amazon.
CNBC has learned Walmart (WMT) plans to buy Art.com, adding another digital brand to its portfolio and bolstering its home decor business. Art.com was bringing in more than $300 million in sales annually.
Walmart CEO worries what consumers will have to pay if trade war escalates (CNBC)
Americans shelled out $3.5 trillion on health care last year, or $10,739 per person, but the increase in spending slowed to a pace not seen since 2013, according to a new report from Centers for Medicare and Medicaid Services. (CNBC)
Cronos – Tobacco product Altria is buying a 45 percent stake in the cannabis producer for $1.8 billion. It had been reported earlier this week that the two were in talks, reports that were later confirmed by Cronos.
Big Lots – The discount retailer lost 16 cents per share for its latest quarter, wider than the one cent loss analysts were expecting. Revenue did beat forecasts, and a comparable store sales increase of 3.4 percent was above the consensus estimate of 2.9 percent. However, Big Lots cut its full-year forecast and said the holiday season will be challenging even as it maintains a more optimistic longer term outlook.
Vail Resorts – The resort operator lost $2.66 per share for its fiscal first quarter, 20 cents more than Wall Street anticipated, with revenue also missing forecasts. For the upcoming North American ski season, Vail said season pass sales are up 13 percent in dollars and 21 percent in units compared to a year ago.
Lululemon – Lululemon reported adjusted quarterly profit of 75 cents per share, five cents above estimates, while revenue also beat Street forecasts. The athletic apparel maker saw comparable store sales jump 18 percent compared to a consensus estimate of 13.8 percent, but the company also issued slightly weaker than expected guidance.
Broadcom – The chip maker earned an adjusted $5.58 per share for its latest quarter, coming in above the consensus estimate of $5.58. Broadcom’s revenue also came in above forecasts, and Broadcom also gave strong 2019 revenue guidance. Additionally, the company announced a 51 percent dividend increase to $2.65 per share and added $6 billion to its stock buyback program.
Ulta Beauty – The company matched estimates with adjusted quarterly profit of $2.16 per share, and revenue also matched estimates with comparable store sales up 7.8 percent. However, the cosmetics retailer also issued lower than expected current quarter earnings guidance.
Tesla – Jefferies upgraded the automaker to “buy” from “hold”, a call that follows a visit by Jefferies analysts to Tesla’s Fremont, California factory. The firm said Tesla has demonstrated its profit and self-funding potential, and that meaningful productivity enhancements are ahead.
American Outdoor Brands – American Outdoor beat estimates by six cents with adjusted quarterly profit of 20 cents per share, while the Smith & Wesson parent also saw revenue come in above Street forecasts. The company also increased its full year guidance.
IBM – The technology giant struck a deal to sell some software assets to India-based software company HCL Technologies for $1.8 billion. The sale is part of IBM’s ongoing effort to de-emphasize its legacy businesses.
Zumiez – The action sports apparel company reported quarterly earnings of 55 cents per share, six cents above estimates, with revenue essentially in line with forecasts. However, the company’s current quarter guidance is below analysts’ forecasts.
General Electric – GE’s power turbine issue is increasing, according to a Reuters report which said utilities are shutting down at least 18 of GE’s newest gas turbines at power plants in Europe and Asia.
bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. bigbear0083 is an admin at the financial forums Stockaholics.net where this content was originally posted.
What is on everyone's radar for today's trading day ahead here at StockMarket?
I hope you all have an excellent trading day ahead today on this Friday, December 7th, 2018! :)
The Justice Department's internal watchdog is expected to releasetoday a long-awaited report on the FBI's handling of the Hillary Clinton email investigation that she said contributed to her 2016 presidential election loss. (Reuters)
President Donald Trump is reportedly expected to meet with his top trade advisors today to decide whether to activate threatened tariffs on billions of dollars in Chinese goods. (Reuters)
China threatens to scrap US trade deals if the White House hikes tariffs (AP)
U.S., South Korean, and Japanese officials strove to present a unified stance this morning, in an effort to quell concerns about Washington's military commitment to Asia after President Trump's meeting with North Korean leader Kim Jong Un. (CNBC)
Japan considering Abe-Kim summit with possible Pyongyang visit(Reuters)
Tough sanctions will remain on North Korea until the rogue nation completes denuclearization, U.S. Secretary of State Mike Pompeo said this morning, apparently contradicting Kim's view that the process agreed to at this week's summit would be phased and reciprocal. (Reuters)
White House press secretary Sarah Huckabee Sanders played down a report that she plans to quit the Trump administration at the end of the year, but she stopped short of a flat-out denial. (Newsweek)
Stormy Daniels' lawyer Avenatti and ex-Trump aide Scaramucci go head-to-head on late night (NY Post)
Stephen Bannon, 10 months removed from the job as Trump's chief strategist and five months after his ouster from conservative news site Breitbart, is betting bitcoin and other cryptocurrencies can disrupt banking the way the president disrupted American politics. (NY Times)
SEC's policy on cryptocurrencies is confusing. That may be cleared up (CNBC)
Apple (AAPL) is closing the technological loophole that let authorities hack into iPhones, angering police and other officials and reigniting a debate over whether the government has a right to get into personal devices. (NY Times)
Microsoft (MSFT) is working on technology that would eliminate cashiers and checkout lines from stores. That would represent a challenge to Amazon's (AMZN) automated grocery stores. (Reuters)
Players of hit game "Fortnite" have hit out at Sony (SNE) over a problem that has seen users have issues playing the title on a Nintendo Switch console after initially using it on a PlayStation 4. (CNBC)
SoftBank Group is reportedly in discussions to invest another giant slug of capital in WeWork, with a deal that would value the shared-office company at $35 billion to $40 billion. (WSJ)
Twitter (TWTR) has retooled its service to more prominently suggest news stories and real-time events for users to follow, in an attempt to stand out with advertisers by emphasizing what's happening now. (Reuters)
Facebook used less for news as youngsters turn to WhatsApp (Reuters)
Elon Musk's Boring Company has won the bid to build a high-speed express train to Chicago's O'Hare International Airport, beating a consortium that included an engineering firm that worked on a terminal at London's Heathrow airport. (CNBC)
Musk buys 72,500 more Tesla shares, upping stake to $11.6 billion(CNBC)
Comcast – Comcast is offering $65 billion for 21st Century Fox assets that Fox had already agreed to sell to Walt Disney. The bid by the NBCUniversal and CNBC parent is worth $35 per share and represents a 20 percent premium over Disney's all-stock offer. Disney is lining up financing for a possible counteroffer that would include a cash component, according to The Wall Street Journal. Fox acknowledged receiving the bid and said it would review it.
Oracle – J.P. Morgan Securities downgraded the business software maker's stock to "neutral" from "overweight," saying the company's fundamental performance has been inconsistent even as the stock price has been rising.
Michaels – The crafts retailer beat estimates by a penny a share, with adjusted quarterly profit of 39 cents per share. Revenue also beat forecasts. Michaels posted a comparable-store sales increase of 0.4 percent compared to a year earlier. However, Michaels gave a weaker-than-expected current-quarter forecast and said comparable sales would be about flat.
Tesla – CEO Elon Musk has bought an additional 72,500 shares of the automaker, worth about $24.9 million, according to a Securities and Exchange Commission filing. Musk now owns about 33.7 million shares worth about $11.6 billion.
Tailored Brands – The company reported adjusted quarterly profit of 50 cents per share, 2 cents a share above estimates. The apparel retailer's revenue also topped forecasts. However, the parent of Jos. A. Bank, Men's Wearhouse, and other apparel chains posted a 2.1 percent increase in comparable-store sales, falling below a 2.5 percent consensus estimate.
General Electric – GE was urged by France's finance minister to stick to its commitment to create 1,000 jobs at energy producer Alstom. GE had made that commitment when it bought Alstom's energy business in 2015, but GE subsequently said the target was out of reach.
Microsoft – Microsoft is working on technology that would eliminate cashiers and checkout lines from stores, according to a Reuters report. That would represent a challenge to Amazon's automated grocery stores.
Mylan – The drugmaker said it was informed by the Food and Drug Administration that its generic version of GlaxoSmithKline's inhaled lung drug Advair could not be approved because of "minor deficiencies." It was Mylan's second rejection for its generic Advair product.
Twitter – Twitter has retooled its service to more prominently suggest news stories and real-time events for users to follow. The changes will be rolled out to Twitter mobile app users over the next few months.
Apple – Apple is working on a feature that The Wall Street Journal said may make it more difficult for law enforcement officials to retrieve data from iPhones. Apple said the feature is designed to strengthen safeguards against all potential intruders and that it is not designed to frustrate law enforcement efforts.
bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. bigbear0083 is an admin at the financial forums Stockaholics.net where this content was originally posted.
What is on everyone's radar for today's trading day ahead here at StockMarket?
I hope you all have an excellent trading day ahead today on this Thursday, June 14th, 2018! :)
How to Become an Entrepreneurial Animal - Transcript
This is a transcript of the first episode of The Cognitive Entrepreneur by Bridge Stuart. It was uploaded June 3, 2019. You can find this video at the following URL: https://www.youtube.com/watch?v=Bkrad_Dxixo Transcript: Everybody is capable of becoming an entrepreneurial animal. And I’m gonna make sure you become that entrepreneurial animal. (Intro music) Hi, and welcome to the very first episode of The Cognitive Entrepreneur. On this channel, I’m going to be teaching you how to become an entrepreneurial animal, an entrepreneurial animal. Now you’re probably asking yourself “What the hell is a entrepreneurial animal?” Well, I’m about to tell you. An entrepreneurial animal is an entrepreneur with the self-awareness of an animal. Now, when I say “self-awareness of an animal”, animals are incredibly self-aware. This has been proven by zoologists across the world. Animals are just very self-aware things. Humans, to a degree, have lost this. They have lost this sense of self-awareness in the modern age due to social media, due to climate change, due to Bitcoin. To be self-aware is probably the most important thing ever, ever, in the history of anything. Self-awareness is crucial. If somebody came up to me off the street and said “Hey, here’s a bunch of food. You want this food? You wanna eat this food? I got a bunch of food. I got a bunch of food for ya.” This man on the street coming up to me asking if I want his food, or if he offered me self-awareness, every single time, I would pick the self-awareness. I think if more people decided to have a good dish of self-awareness, we’d be a lot better off in the world, than another plate of potatoes. That is what is crucial: self-awareness over food. And it is crucial in order for you to become an entrepreneurial animal: a entrepreneur with animal self-awareness. I hope you understand what I’m saying. To be self-aware, as an entrepreneur, it- there’s so many levels to it. It’s like a twelve-story house. And you are climbing this house floor by floor. That’s a lot of floors to climb up. I bet you’ve never even been in a twelve-story house. I’ve been in a twelve-story house. It takes a while to climb those stairs. Trust me. I met a man: deep Silicon Valley. He had a twelve-story house. I said “Why so many stories, buddy.” He says “It represents the levels of self-awareness that I need to climb in order to become the success that I want to be.” He informed me that he’d never even been past Floor 7 in his house. He bought the house: twelve stories, never been up past seven. He said “When I get- when I reach a certain level of self-awareness, I’ll climb up to 7 and I’ll get to 8. What an inspiration that man is. What an inspiration that Silicon Valley tycoon is. I- It was breathtaking. You might not get to Level 7 right off the bat. I think you’ll get to Level 2, hopefully, but I’m gonna show you how to climb the stairs, how to climb the entrepreneurial stairs. Everybody in the 21st Century wants to be an entrepreneur. This is a fact, a fact proven by science, by economics, by physics. The problem with this is that the definition of “entrepreneur” has been drug through the muck. It’s been drug through the filth. You know, it’s been drug through Merriam Webster’s garbage can, is what it has been. A lot of people think, “Oh yeah, being an entrepreneur is, oh I’m gonna make a bunch of money and move to the Bahamas. I’m gonna have a big old beach on the Bahamas. I’m gonna have a house on the beach in the Bahamas, and fish around. Buh buh-buh, I’m gonna have a boat and start fishing, and I’m gonna jump in the water and swim around, and get in the water and start scuba diving, and oh, look at that; there’s a crab in the water. I’m gonna get the crab, and I’m gonna cook the crab, and put it in my house, put it in my house in the Bahamas.” They’re wrong. Being an entrepreneur is about reinventing the future every single day like Steve Jobs said. Like Steve Jobs said, it’s about making a ding in the universe. You need to get a hammer, and say “Hey, get ready, society. I’m gonna start pounding on you with a hammer.” That’s how I like to think of being an entrepreneur is a man with a hammer, furious at society, and ready to start smashing it with a hammer. I think that’s a very beautiful analogy to- for being an entrepreneur-ial animal. Whether it’s green technology, whether it’s internet technology, whether it’s technology technology, I’m gonna show you how to ingest this self-awareness and let it flow through you and come out in your hands and- like claws. I’m gonna teach you how to grow claws. I’m gonna teach you how you can grow your claws longer and sharper so that you can enter these industries with gigantic claws and start clawing away at competitors, at the industry. Disruption with your gigantic, horrific claws, and other people will be like “Whoa, who is this guy with gigantic claws who’s coming at me?”, and I- you know, you can say “I’m an entrepreneurial animal, and I am ready to start clawing your face with my se- animalistic aware claws.” That’s how I like to approach people for the first time is I threaten to claw them with my animalistic claws that I’ve gained through self-awareness. Now, just to give you little background on who I am: I am a cognitive entrepreneur in the truest sense. I started developing apps. That is how I got my start in my entrepreneurial journey. When I was a kid, I knew that people were hungry for apps. They were starving. They were ravenous! They were chomping at the bit to get these apps that didn’t even exist yet. They were itching. They were fiending, and I knew before long, people were gonna start bursting down the doors of Silicon Valley. They were gonna break in to these tech companies, rip the doors down, and say “Hey, we want apps.” And the engineers, they’re like “What the hell are you talking about? What is an app?” and then the people would rip the engineers apart limb from limb. I knew that was gonna happen unless we started developing apps very quickly. People had no idea the tidal wave that was going to ensue from this app boom. It was a tsunami! I rode that tsunami. I surfed that tsunami, and it was a glorious tsunami, a very disruptive tsunami, yes, but a glorious one nonetheless. Through this process, I sold my apps for monetary compensation. I don’t like to say “money” in this. I think that’s disingenuous to what I did. I was able to accumulate value through monetary means for my cognitive thought mechanisms. I like to say it that way instead of just saying I sold my apps for a bunch of money. Money isn’t important to me. You know? Sure, I mean it bought me a Tesla, and it also bought me this mansion I’m in. I’m in a gigantic mansion. I’m- you know, one of these days, I’ll show you around, but trust me; this is a gigantic mansion, and it bought me a horse. Money bought me a horse. I bought one of the largest horses in the world, and I’ll just ride that bad boy around, because there’s nothing better than riding around on a horse in the middle of the day. I love riding around on horses, and I love spending money on horses, but ultimately what I’m saying is money isn’t that important to me. It’s not important to me. What’s important, again, is making that ding, making that dent in society, changing the world. Yes, riding around on a horse in the middle of a city street is incredible! But making a ding, making a dent in society with a heavy hammer, that’s the goal. That’s what you need to aspire to. Ideas, neural concepts, brain thoughts. These are what needs to be important. So after I had let go of some of my apps for monetary value, I decided “Whoa, whoa, apps aren’t the future anymore. Donezo. They’re deader than a doornail. No one’s gonna use apps in the future. We’re done.” I decided the future is investing in other people’s neural cognition, helping develop their ideas so I don’t need to waste my neural network coming up with future ideas. That’s a drain. I’ve been investing in many different fields, whether it’s biotech, nanotechnology, Bitcoin, Smart pants. They’re pants that you can talk to. So you can talk to your pants sort of like Alexa, but they’re pants. So you talk to your pants all the time. I think that’s gonna be something that’s really gonna blow up in the future. I certainly know I would like to talk to my pants more often. So that’s a little of my backstory, and you know, you’re probably thinking, you know “Screw you. I know what’s best for me. How dare you try to claim that you know better than I do? I should strike you!” The only thing I am trying to do is help you open up your fourth eye: your entrepreneurial fourth eye. Third eye’s done. That’s overwith. What the fourth eye does: self-awareness, going back to this idea: self-awareness. You need to open up the fourth eye in order to become self-aware and unleash the animal inside of you. I hope that makes sense. I like to describe the entrepreneurial animal as like a half lion half octopus. A lion is king of the jungle. Nothing messes with a lion. That’s a fact. It has claws. It growls very loudly. A lion is prowling through the plains. It’s looking left and right and saying “I’m hungry” and it’s got these fangs, and it’s furious. That is the predatory state you need to be in constantly. Is- I can’t recommend more, if you have a field nearby your house, just start crawling around just to get in the mind state of a lion. Now with the octopus, that means there is tentacles coming out of the back of this lion. What are these tentacles doing? What are these tentacles doing? Why does this lion have tentacles in the back? The tentacles are to search out new ideas, new conceits, new cognitive conceits. That’s what the tentacles are for. So the lion is this ferocious predator, and the octopus is searching, searching with its tentacles, searching with its suction cups, getting these ideas from the air. Because everybody knows that a lion is king of the jungle. Problem is: lion ain’t king of the ocean. No, that’s octopus. Octopus is king of the ocean. That’s a fact. Any marine biologist will tell you that. You throw a lion deep into the ocean, it’s not gonna do so well. You throw a half lion half octopus deep into the ocean, that thing is gonna become the apex predator, and that’s what you need to become: the apex predator, both land and sea, both jungle and ocean. Half octopus half lion is gonna do that. Trust me. I’ve thrown a lot of octopuses in the middle of the jungle. I’ve taken them out of tanks from the aquarium, and the people at the aquarium say to me “You can’t take this octopus out of the aquarium.” I say “Get out of my face!” I run with that octopus, and I throw it in a field, and a hundred percent of the time, that octopus does not do well in that field, a hundred percent of the time. Now if I had grafted that octopus onto a lion, I think that would- that animal would do a lot better, because lions can breathe air, and octopuses can’t. What I’m getting at is just become a gigantic half lion half octopus. Everybody is capable of becoming a cognitive titan, a cognitive god. That’s how you need to think of yourself. You need to think of this gigantic cognitive god that’s tall and strong and ripping down buildings with your bare claws, just shredding the ether in front of you. And people will be like “Whoa whoa, hey calm down there. I’m just an innocent person.” No, you are not an innocent person. You are in my way. I am the cognitive god that has been prophesized about. I am the new flesh. I am the new blood, and you will bow down to me, because I am a cognitive animal, and I am hungry, and I thirst for the flesh of the young. Half octopus half lion, and I roam through the destruction and the waste, twelve feet tall, chasing people down, and I burst through the door, and the person inside is like “No, no, not me. My family’s in here!” And I say “I’m sorry. It’s too late.” And I get ‘em! So that’s the goal of my YouTube channel is just to sort of pass on the entrepreneurial spirit, and I guarantee that you will become an entrepreneurial god as well as long as you listen to me, every single word I say, and give me money. Tell all your friends about this YouTube channel. Tell all your family. Tell all your children. Get your children to subscribe. Make your children subscribe. I would even suggest making more YouTube accounts and having those subscribed, just so that we can get the engine really going for this thing. You are officially an entrepreneur now. I am deeming you an entrepreneur because you’ve listened to this YouTube video even if you’re a child, even if your dad comes in and is like “Hey, dinner’s ready.” And you’re like “Uh-uh, I’m not ready for dinner. I’m an entrepreneur.” And your dad’s like “What are you talking about. We just made pasta. Come down. We’re gonna- It’s time to eat dinner.” And you’re like “Uh-uh” and then you punch your father. And your father’s like “Oh my god, Son, how dare you! I never raised you like this.” Tell your father that The Cognitive Entrepreneur told you to punch him because you are beyond simple dinners anymore. You’re hungry for the entrepreneurial spirit. You’re not hungry for pasta. So yeah, I really recommend just screaming at your parents. That is my goal ultimately is to get as many children as possible to hit their father. If you want even more information, I would recommend checking out the podcast I have with Dustin Hahn. He is another incredible entrepreneurial animal. We have a podcast called Business Money Hacks. Check it out. I am linking it below. Make sure to link and subscribe to that, and really pay attention. You’re gonna learn a lot of stuff from that podcast. It’s incredibly important. It’s possibly the most important thing in the whole world. Thank you so much for tuning in and welcome to the journey.
_(This week’s Ledger newsletter is by David Z. Morris)_The crypto industry can be roughly divided into two groups. On the one hand, there are “crypto native” companies creating new things from scratch (think Binance or Brave). On the other hand are existing operations trying to use blockchain tech to get a further edge (think ICE’s Bakkt or Facebook’s Libra). And then there was Patrick Byrne, who had a foot in both worlds—sometimes uncomfortably. The CEO for two decades of e-commerce pioneer Overstock.com, Byrne became a vocal crypto proponent around five years ago, and has worked since then to position the company as a blockchain leader. Overstock was the first major online retailer to take payments in Bitcoin, starting in early 2014. The same year, Byrne began work on “tzero,” a blockchain-based alternative to traditional securities exchanges. Then he founded Medici Ventures, a venture fund and incubator that houses 18 blockchain startups within Overstock. And now, it appears, he’s gone. Byrne resigned suddenly as CEO of Overstock last Thursday, after mounting controversy surrounding his past romantic relationship with alleged Russian agent Maria Butina. Butina is now serving an 18 month prison sentence for conspiring to promote Russian interests through conservative U.S. political groups. Byrne’s statements on the matter have been vague and conspiratorial, including references to the “Deep State” and “Men in Black” who Byrne says drew him into “certain government matters.” He subsequently made detailed claims that the FBI directly encouraged his relationship with Butina circa 2016 as part of an investigation into Russian activities (claims dismissed by then-FBI director James Comey). Byrne says he’s resigning because these entanglements “may affect and complicate all manner of business relationships,” and that he’ll be “disappearing for some time.” This is the sort of weirdness you’d expect from the wild-west world of crypto-natives, not a public company valued at more than $1 billion as recently as a year ago. But Byrne was known as a bit of a loose cannon well before Bitcoin was invented, most notably for his aggressive (and also frequently conspiratorial) campaign against naked short sellers. (You can read _Fortune’s_coverage of those battles here.) This very enjoyable profile from Forbes dives into Byrne’s privileged and unconventional background—he has a PhD in philosophy from Stanford, and is apparently close friends with Warren Buffet through Byrne’s father. It also paints Byrne as easily distractable, and Overstock’s blockchain ventures as a boondoggle that’s destroying a once-profitable company. The boondoggle part might wind up coming true, but if Overstock’s blockchain efforts are a risky bet, they’re anything but a lark. I spent some time at the company’s headquarters in Salt Lake City this past spring, and with Medici, Byrne has built a team that’s both technically savvy and fairly unified in its deeply-held crypto-native worldview. Most notably, Medici is a hotbed of thoughtful skepticism towards government, with managers and coders ranging from left-wing anarchists to free-market libertarians. There are even signs that Overstock’s presence is helping turn Salt Lake City into a blockchain hub with its own unique feel—for instance, the Off Chain conference there caters to the overlap between crypto, firearms, and “prepping.” Byrne himself often described his worldview in libertarian terms, and he’ll be succeeded by Jonathan Johnson, who shares much of Byrne’s outlook on both politics and blockchain. Johnson is currently head of the Medici unit, and he’ll shoulder Byrne’s CEO duties on an interim basis. He’s a steady, composed counterpoint to Byrne’s swashbuckling verve, as well as a thoughtful strategist. Most significantly, his rise to the head job, even if temporary, signals that Overstock intends to stick with its blockchain bets. The question now is whether some of those bets hit before Overstock’s retail revenues fade. One final note: We’re running lean here at The Ledger this month, in part because Jeff Roberts is on book leave (look for his cryptocurrency magnum opus from Audible soon). That’s why they handed the reins over to me, the new guy. I recently joined the Fortune team from BreakerMag, a now defunct but much-loved blockchain-focused publication. In addition to reporting on the world of digital assets and decentralized technologies, I’ll be writing about A.I., Tesla, and other techie matters. I’ll also be authoring this newsletter every once in a while—hopefully, from here on out, with a header that actually has my name on it.Glad to know you. David Z. Morris |@davidzmorris| [email protected] * More Details Here
Merck – The drugmaker earned an adjusted $1.11 per share for the third quarter, beating estimates by eight cents a share. Revenue did fall short of forecast, however. Merck reported a nearly tripling of sales for its cancer drug Keytruda, but also said a cyberattack during the quarter impacted its overall revenue.
J.C. Penney – The retailer cut its full-year forecast as it accelerates a revamping of its inventory, particularly in the women's department. It said that effort is already resulting in improved performance.
AbbVie – The drugmaker reported adjusted quarterly profit of $1.41 per share, three cents a share above estimates. Revenue was in line with expectations. The company also increased its quarterly dividend to 71 cents from 64 cents, a jump of 11 percent, and boosted its forecast for sales of its key rheumatoid arthritis drug Humira.
Colgate-Palmolive – The consumer products maker matched estimates with adjusted quarterly profit of 73 cents per share, while revenue beat forecasts. The company also raised its projected charges related to its restructuring program.
Amazon.com — Amazon reported quarterly profit of 52 cents per share, compared to the consensus estimate of three cents a share. The online retailer also saw revenue top forecasts, thanks in part to a very successful "Prime Day" as well as increased sales from the acquisition of Whole Foods earlier this year.
Alphabet – The Google parent came in well above the consensus estimate of $8.33 per share, reporting quarterly profit of $9.57 per share. The Google parent's revenue also came in above Street forecasts, with stronger-than-expected ad sales and bigger profit margins among the factors helping the bottom line.
Microsoft – Microsoft beat estimates by 12 cents with quarterly earnings of 84 cents per share, with revenue scoring a beat, as well. Microsoft saw increased demand for its cloud computing services during the quarter.
Aetna – CVS Health has made a more than $66 billion offer for the insurer, according to Dow Jones, or more than $200 per share. The report said the two sides have been in discussions about a deal for at least two months.
Intel — Intel reported adjusted quarterly profit of $1.01 per share, 21 cents a share above estimates. The chipmaker's revenue also exceeded analyst forecasts. Intel raised its full-year outlook on improved performance by its data center business.
Gilead Sciences – Gilead came in 14 cents a share above consensus forecasts, with adjusted quarterly profit of $2.27 per share. The drugmaker's revenue also beat estimates. Gilead's quarter was driven in part by strong sales of its HIV drugs, but investors are concerned about the performance of the company's hepatitis C treatments.
Expedia – Expedia fell 11 cents a share shy of estimates, reporting quarterly profit of $2.51 per share. The travel website operator's revenue also missed forecasts. Among the factors weighing on Expedia's performance: the quarter's hurricanes, as well as a weaker-than-expected quarter for majority-owned Trivago.
Wynn Resorts – Wynn reported adjusted quarterly profit of $1.52 per share, coming in nine cents a share above estimates. Revenue beat expectations, as well. The hotel and casino operator was helped by the continuing comeback in the Macau market, among other factors.
Mattel – Mattel missed forecasts by a wide margin, as the toymaker reported adjusted quarterly profit of nine cents per share compared to the consensus estimate of 57 cents a share. It also reported a revenue miss and suspended its dividend. Mattel was hurt – as was competitor Hasbro in its own recent earnings report – by the bankruptcy protection filing of toy retailer Toys R Us.
Huntsman – Huntsman and Swiss chemical maker Clariant have called off their planned $20 billion merger following opposition from activist investors who maintained that the combination of the two chemical companies would hurt shareholder value.
Western Digital – Western Digital forecast current quarter revenue below analyst estimates, although the hard disc drive and memory chip maker did beat estimates on both the top and bottom lines for its latest quarter on strong memory chip demand and higher prices.
Deckers – Deckers said it was unsuccessful in finding a potential buyer even after the footwear maker reached out to 90 potential deal partners. The maker of Ugg boots said it would focus on boosting its performance and enhancing shareholder value.
Align Technology – Align reported quarterly profit of $1.01 per share, beating the consensus estimate of 82 cents a share. The maker of the Invisalign invisible dental brace system also saw revenue exceed forecasts, with increased Invisalign sales across all its regions.
bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. bigbear0083 is an admin at the financial forums Stockaholics.net where this content was originally posted.
What is on everyone's radar for today's trading day ahead here at StockMarket?
I hope you all have an excellent trading day ahead today on this Friday, October the 27th! :)
The aged out prostitutes on SLF have no qualms about launching ageist attacks against younger girls between 18-25, calling the latter simpletons and immature. In reality, the thoughts expressed by the post showed much more maturity than the lying hags attacking heit.
Many of those aged out prostitutes are chronic liars. Who would believe their stories about SD's buying her a Tesla Model S then a Model 3? (It's like buying a Toyota Camry/Corolla to replace a recent vintage Lexus LS; did the writer ever get to see the inside of those cars before writing such nonsense?) or SD giving her a beach house before conveniently dying? or being engaged to an SD of many years but somehow the SD has relocatedd to Europe for many months and they are still engaged to be married.
The buying-her-a-beach-house-then-dying-timely story sounds like the wishful dream of an aged out prostitute pretending to be an SB. It shouldn't be a surprise that a woman having to stay in sex industry for too long would become bitter, and consequently nobody, not even very very old men would want to invest in her as an SB. Little wonder some very wealthy very old men like Bob Kraft would prefer a cash-and-carry sex-worker instead of a time-bomb like the former Clippers' owner's "SB" V blowing up and breaking his heart even after millions of dollars invested into her. "V" would be classified as a sex-worker / prostitute not an SB in this forum due to her juggling of multiple men besides her primary benefactor. It shouldn't be a surprise that she would turn out to be a fiasco.
The lies that the aged-out prostitutes on SLF weave are actually real life lessons on not to become a prostitute (i.e. providing sex to multiple men, thereby making her own life insecure in the long run) . . . if you know how to read between their lines. If older ladies were more desirable than younger ladies, why is the term "Sugar Baby" instead of "Sugar Hag"?
Now let me address some of the specific issues raised in that post:
For once in my life, I envy not being a man.
No need for such envy; you likely don't notice the sorry lives of the bottom 95% of men.
For us women, our attractiveness is predominantly tied to our bodies and faces, and inevitably diminishes with time.
Your physical attractiveness allow you to engage and enjoy the attention of the top 1-3% of men. That is possible only because they pay little attention to older and less attractive women. Put it another way, even if you are a 9+ (there are no 10's); i.e. in the top 10% in beauty and youth, if all men were attracted to women in complete disregard of age then you'd only have 1 in 10 chance of finding a guy making half a mil or more a year as that's the cut-off line for the top 1% . . . that's for a 9+! only 1 in 10 chance. Of course in real life a girl of 9+ has better than 10% chance: she can get her turn while she is young and pretty. So instead of complaining about the transiency of the power of your youth/beauty, be appreciative of the fact that you can punch above your weight for a few years, so to speak. The dropping out of ladies in their 30's, 40's, 50's, 60's and etc. that used to be attractive years ago is the reason why you are able to find the time and attention from a man in the top 1-3% when you only need to be in the top 10% to 20% (i.e. 8 to 9+; sometimes even a 7 on the 10-point scale might work).
Of course, personality, priorities, all that inside stuff matters too for attractiveness in women, but it won't attract SD when we are 50 years old.
The real number is much lower than 50, like 30 if not 27. I wouldn't start with a new girl over 27. I prefer longer term relationships that last a few years.
However with men, for me at least, wealth, education, attire, health, and personality is what I deem sexy. These things are acquired over time and have a longevity to this sex appeal.
Instinctively you are looking for security from a male partner to help you with your baby projects. That's what women are biologically programmed to do, just like men are programmed to seek sex. Both are healthy and normal sexual desires. Many SLF comments also gave you advice on investing. The same forum would have recommended Bitcoin if you were asking the question 18 months ago, just before it lost 80% of its value in the following year. They are now recommending stock indexing and real estate after a decade of continuous price expansion in both, where were they in 2009 to 2011? I was buying real estate hands-over-fist between 2009 to 2014 (at 30-70% price discount compared to the 2007 peak), but stopped in 2015 as higher prices made buying unattractive. Price cycles like those are common in financial history. NASDAQ (mostly tech and biotech stocks) index lost 80% of its value between 2000 and 2003. The 2008 drop cut SP500 in half. The supposed advice from sex-workers on SLF reminds me of this scene from The Big Short: https://www.youtube.com/watch?v=xZTFNizSNGs It's another reason why professional career choices with short time horizons are bad ideas: the financial bubbles and busts are there to harvest money from the dummies to those "deserving money." The old saying: Money always finds ways to reach hands that deserve it. Before you follow the advice of indexing this late in the current cycle (10 years in, as of Feb 2019), you may want to think about whether you have either the intellect or time horizon for either joining the herd stamped or beating the index. Let's take a detour and examine two simple games of dice rolls: a simple standard six-sided dice (1-6) vs. two dices rolling and averaging the two. The single fair dice would of course give (100% / 6) = 16.7% chance to each of 1, 2, 3, 4, 5, 6. Rolling two dices and averaging the two would still produce results between 1 and 6, averaging exactly the same 3.5 expectation/average value. However, the distribution of outcomes are drastically different: there are 36 possible permutations when rolling two dices (many are redundant outcomes after averaging), but exactly 1 out 36 can produce an average of 6, so the probability of getting a 6 is 1/36 = 2.8%, which is drastically lower than the 16.7% probability of getting an outcome of 6 when rolling a single dice. In fact, there are two different ways of getting an average of 5.5: (6, 5) (5, 6); three different ways of getting an average of 5: (5, 5) (6, 4) (4, 6). So there are a total of 6 ways of getting 5 or better when rolling two dices and averaging them (out of 36 possible outcomes) and their average is (1x6 + 2x5.5 + 3x5) = 5.3. The cut-off line for the top 16% in single dice roll is a 6, whereas the cut-off for the top 16% in averaging two dice rolls is a full point lower (16.7% lower) at 5 (not even 5.5) and the average of the top 16% is only 5.3 (compared to 6 in single dice rolls); the average of the top 1/6 outcome from averaging-two-dice-rolls is literally lower than the average of the top 1/3 outcomes from single dice rolls! 5.3 vs. 5.5. There are far more than 33% probability of getting an outcome between 3 and 4 (inclusive of 3 and 4) when averaging two dice rolls. That's the type of mathematical reality that you have to deal with when averaging two X-chromosomes (aka "being a woman," averaging two strands of dices) vs. having only one X-chromosome (aka "being a man," rolling only one genetic dice at each gene site for protein encoding/synethsis); X-chromosome is where most genes for intelligence are located (Y-chromosome having only less than 80 genes compared to the X's around 1200 genes is little more than a stub for exposing the single X-chromosome in men, so that the females can have more clear targets for sexual selection). Women are effectively given a genetic insurance policy to have far more outcomes in the middle of the distribution (the equivalent of between 3 and 4 in the dice rolls above) while giving up substantial probabilities at both extremes: both the extremely brilliant and the extremely dumb have much more men than women. Heck, the curse of having only one X-chromosome is so severe that boys have statistically significant higher probability of dying before reaching adulthood than girls do. Unfortunately, as a woman, the biological instincts make you see only the top few percentage of men (it is the driving force behind evolution, and the reason why humanity exists); btw, men similarly instinctively sense whether you still have live eggs on the shelf, courtesy of the same evolutionary process. It is hard enough for a man to be successful enough to be in the top 1-5% (what it takes to be able to afford sugaring consistently), literally only 1 in 20 chance or lower; it's much harder for a woman . . . and more than half of it is due to what you are born with! Decades and billions of federal money spent on Head-Start already proved that education, even starting as early as pre-school, has little effect on a person's eventual level of success in adulthood; what makes a good college good is the admission process (i.e. the student body itself). So, what's the solution for a young woman? How to put together a relatively happy and content life for yourself? (instead of concocting them in fantasy stories online) IMHO, the first order of business is learning to be content with what you have, what you can produce on your own (and what your partner can provide for you when you can find one). Then try to recruit a competent/excellent male helpesponsor. If your SD is not destined to be your reproductive partner, then the less luxury he exposes you to is ironically better for you in the long run: leaving more room for your future reproductive partner to impress you. Given today's feminist indoctrination (premising that women are identical to men), it's hard for a woman to be a submissive good wife: who wants to be a good submissive wife when her friends are beating up their husbands and bragging about it and cheered on by mainstream media. Unless you are one of the rare ones who can be content with "leaving the burden of family decision making to the husband," a more suitable solution may well be co-parenting with a successful man: he pays for your own household, in which you indeed are head-and-shoulders above those surrounding you (your kids); his sponsorship can also enable you to be better off than your immediate neighbors, in a good neighborhood with good school district, but not necessarily the most expensive neighborhoods where the neighboring wives make each other unhappy via their competition. My advice to my own daughter is getting "married" (de jure or de facto) by 22yo, likely the peak of a girl's "marketability." Have babies early while physical recovery is fast. Then pursue professional careers after the kids are grown old enough to attend schools. Don't obsess with the rat race or being a tax slave. She will likely find much more happiness in her own family (especially her own kids) than in serving bosses and business customers.
L egendary internet stock analyst turned investor Mary Meeker of Kleiner Perkins Caufield & Byers released her annual Internet Trends Report. This year's report delves into data and personalisation, e-commerce innovation, and China's rising intensity and leadership in internet-related markets. 2.Google's new Pixel smartphone is reportedly taking a page from the iPhone X, according to Bloomberg. The Pixel 3 could feature a bigger screen, two front-facing cameras, and its very own notch.
Legendary investor Warren Buffett reportedly tried to invest $3 billion in Uber. The deal fell apart due to disagreements over the size and terms of the stake.
Snap chief executive Evan Spiegel said he regretted that his company invited scantily clad women dressed as the Snapchat deer to attend a party last year, and blamed an internal events staffer. He said mistakes like this were "frustrating" but that a young workforce should be expected to make mistakes.
Nintendo has 4 new Pokémon games coming to the Switch, including one that's free. The first, "Pokémon Quest," is already available on the Nintendo Switch, two variants of "Pokémon: Let's Go," will arrive later this year, and a fourth "core" game will launch in 2019.
A developer who worked on bitcoin early on,told Business Insider he exchanged hundreds of emails with the person or team known as Nakamoto in 2010. The experience, he said, was mostly weird.
Consumer Reports magazine has changed the Tesla Model 3's rating to a "recommended buy" after the company made improvements to its breaking system. The magazine had originally criticised the vehicle.
Facebook COO Sheryl Sandberg hit back at Apple CEO Tim Cook, reviving the ongoing spat between the two companies. Sandberg dismissed Cook's earlier comments about Facebook's privacy issues, saying "Mark and I strongly disagree with their characterisation of our product."
Uber's CEO Dara Khosrowshahi said the firm is on track to go public next year. He said the firm was ready in terms of its margins and profitability.
Amazon has given Whole Foods employees Prime-branded outfits to wear, as it rolls out Prime discounts in stores across the US. The outfits come with an apparent new slogan for the Prime discounts: "Savings to smile about."
Tesla will surge another 24% over the next year as it grows to $100 billion in revenue by 2025, says new biggest bull on Wall Street (TSLA) 07/02/20 Tesla shares surge 10% to record high after 2nd Tesla's electric car business was "the first wave of growth" and will give way to a bigger focus on renewable energy, billionaire Chamath Palihapitiya said Wednesday.; Elon Musk's company is "the The words "Business Insider". Follow us on: The letter F. A stylized bird with an open mouth, tweeting. Someone Bought A Tesla Using Bitcoin. Jillian D'Onfro. 2013-12-05T15:05:00Z The letter F He then resold the currency in exchange for bitcoin and used the money to buy a lakefront home for $1.6 million and a Tesla that cost $160,000 — likely a Model X, given the price. Tesla stock rallied to $1,027 and it’s market cap surged above Bitcoin’s to $188 billion. 3 hours Bitcoin Recovery Runs Into Resistance: What is Market Insider? Market Insider is a business news aggregator for traders and investors that proposes to you the latest financial markets news, top stories headlines and trading analysis on
Unsubscribe from Bitcoin Fund Manager? Cancel Unsubscribe. ... Business Insider Recommended for you. ... Tesla looks like the 'ultimate' stock for Larry Fink's new focus on sustainability ... Save YOUR time by listening at 1.5 - 2x speed, by hitting "Settings” button. Army, Enlisted, current. M.S. in Political Philosophy. B.S. in Economic Philosophy. One-Time Donation thru Paypal ... Crypto trader Scott Melker even suggested that Tesla stock was imitating bitcoin’s infamous 2017 bull run—prompting somewhat of a sell signal:You can’t blame people for drawing comparisons. Faraday Future, a California-based electric-car startup and Tesla's once rival, generated buzz in 2015 as the company poached top talent from Tesla, BMW, Audi, Ford, and Ferrari. Called "Tesla ... Tesla, Bitcoin and Cannabis Will Make a Massive Stock Rally in 2020 ... Fox Business News and Bloomberg TV. ... experience and knowledge as a former Wall Street insider to guide his more than ...