The Debate Finally Seems to Have Ended: Robo-Advisors Vs. Humans – Link here
Michael Jackson Is Worth More Than Ever, and the IRS Wants Its Cut – Jackson’s star lawyer made a mint for his heirs, so now the government has to be startin’ somethin’ – Link here
A CEO’s tale: How demonetisation halved the profits of a multinational company that used no cash – Link here
When shareholders aren’t watching, managers misbehave – Link here.
Key takeaway – Understanding managers’ behaviour in environments where shareholder attention is limited could “significantly improve our understanding of value creation in firms,” and “Perhaps the best advice to a distracted shareholder is to assume that management is misbehaving when no one is looking.”
The Heroism Of Incremental Care – By Atul Gawande – Link here. The line that caught my attention
“Governments everywhere tend to drastically undervalue incrementalism and overvalue heroism”
“We don’t like to address problems until they are well upon us and unavoidable, and we don’t trust solutions that promise benefits only down the road.”
Remember Winklevoss twins? Who sued Mark Zuckerberg for stealing their concept have a unique new business idea – bitcoin ETF – As Bitcoin ETF Nears, Analysts Warn of Trading Frenzy – Link here
Driverless car are rage and everybody seems to be assuming its gone be reality very soon, even I thought same until I was reading this article – Allow mathematicians to pierce artificial intelligence frontiers – Link here and this line caught my attention “These computer programs, however, need copious amounts of carefully categorized data to make themselves smarter. Anything that is sloppily characterised can easily cause the machine to make the wrong conclusions. I have mentioned before in this column that it has been proven that just changing a few pixels on an image can make an AI image-recognition program conclude that a car is in fact an elephant—which is a mistake that an ordinarily intelligent human eye would never make.” I think public at large are underestimating the amount of work is needed to improve.
Predicting human behaviour is legal, predicting machines is not? – Link here – line that caught my attention “Unlike the vulnerabilities in the slot machines, the vulnerabilities in the human brain cannot be fixed by a software update. Yet hacking the human brain is apparently completely legal, and it is not only the casinos which are doing this. Probably half of the finance industry is based on the same principles.”
We’re One Step Closer To Long-Term Birth Control For Men – Link here
The Next American Farm Bust Is Upon us – Link here
Offshore Wind Moves Into Energy’s Mainstream – Link here
8 Ways to Read (a Lot) More Books This Year – Link here
2017: The year of the Chinese internet bounty hunters – The Indian market frenzy has cooled down. And it is the perfect time for the Chinese internet giants to make their big moves. As they go head-to-head with the Silicon Valley giants, it could change the Indian internet landscape forever. The concluding part of a special two part series – Link here – line that caught my attention
“The Chinese have learnt their lessons back home in a context that is very different from the West. They implicitly know India is different—both from the West and their home ground as well. Give or take $30 billion, and they can buy out pretty much the second largest internet market in the world. Why build from scratch then?”
“The Chinese intimately understand the mobile-first ecosystem better than their Western counterparts. In any case, India is headed here too. So, it’s Advantage China again.”
“Quick wins by Amazon and Uber may have lulled the Americans into believing India is their market for the taking. In any case, an American stranglehold on the Indian consumer exists in the form of Facebook, WhatsApp, YouTube and Google.”
Hans Rosling, does that name ring any bell? If yes then you are already aware about his talent on bringing life in statistics. If you don’t I strongly recommend you check out his video on YouTube, my personal favorite is “200 Countries, 200 Years, 4 Minutes” . Hans Rosling recently passed away at age of 68.