Worthy Insights / Opinion Pieces / Advice
FT – When it comes to investing, human stupidity beats AI – Miles Johnson 4/10
- “Since their inception, financial markets have been driven by greed and fear. No matter how advanced technology becomes, human nature isn’t changing. Or as billionaire Carl Icahn has put it: ‘Some people get rich studying artificial intelligence. Me, I make money studying natural stupidity.'”
Markets / Economy
WSJ – Daily Shot: BMI / Federal Reserve – US Credit Growth Drying Up 4/11
WSJ – Slowdown in Borrowing Defies Easy Explanation – Aaron Back 4/11
Real Estate
WSJ – Daily Shot: John Burns RE Consulting – US Single-Family Residential Permit Projections 4/11
WSJ – Daily Shot: John Burns RE Consulting – Growth Rate of US Resident Population Aged 20-64 4/11
WSJ – Daily Shot: John Burns RE Consulting – Multifamily Construction Activity 4/11
Asia – excluding China and Japan
Australia
WSJ – Daily Shot: Moody’s – Australian House Price Increases 4/11
China
- “China Huishan Dairy has defaulted on a $200m loan and had assets frozen in China in relation to another $79m debt, in a sign of the troubled dairy operator’s worsening problems.”
- “Paul Gillis, an accounting expert at Peking University, said the company’s sudden share collapse ‘raises the question of why short-sellers are able to find these things, but auditors never seem to find them.'”
FT – Hong Kong’s Li & Fung faces dilemma of ‘innovate or die’ – Ben Bland 4/10
Other Links
Economist – United bumps more passengers than any other large American airline – Data Team 4/11
Bloomberg – DeVos Undoes Obama Student Loan Protections – Shahien Nasiripour 4/11