Web 2.0 & the Economy: It’s Different This Time, Part 2

In the past month, there have been a plethora of doom and gloom articles about web 2.0, Silicon Valley, the economy, and start-ups. In this series, I address some of the major concerns, arguing that perhaps the negativity is not all warranted. Part 1 From…

Why the Web 2.0/Tech 2.0 ‘Bubble’ Refuses to Burst

In agreement with Marc Andreessen, there probably won’t be a web 2.0 correction for a long time. Right now we have interest rates still at zero, and there is so liquidity in the world right now, so much wealth. Every time web 2.0 is supposed…

Snapchat’s Huge Windfall : The State of Web 2.0

Looks like my 2014 prediction of Snapchat, originally valued at $4 billion, being worth $30 billion by 2016 is coming true. This talk of bubbles reminds me of 2007 when everyone, including all the experts, was certain Facebook was a bubble at a valuation of…

Asset-based capitalism

Asset prices are high across the board. Is it time to worry? As discussed in Late Stage Capitalism Part 1, perhaps people are becoming weary of the asset-based, winner-take-all system of capitalism we have presently, instead of the build-and-make version of capitalism that was present…

The revenge-of-the-nerds economy (in 18 charts)

If it seems like the less intelligent have gotten the shorter end of the stick in the post-2009 economic recovery, then your suspicions would be correct. So how is this the revenge-of-the-nerds economy? The wage disparity between college graduates (if we use college completion as…

“Simple Systems”

Charlie Munger devised what he calls ‘mental models‘. These are a prescriptive set of guidelines/heuristics for being more rational. I, on the other hand, devised the ‘simple systems’ model, which is more descriptive than prescriptive, and posits that the world is composed of competing ‘systems’…

The Permanent Ascendance of ‘Bobos’

From Alnold Kling Bobos’ Paradise Lost? What Brooks might have foreseen, but did not, was how this Bobo project would play out as it gathered momentum. In the last two decades, we have witnessed the acceleration of the long-term trend toward expansion of the more…