Steve Jobs: So, he’s a lunatic, who exploited child labor in emerging markets to make over-priced consumerist products, who ignored scientific evidence to choose his self treatment for cancer, exhibited the same kind of piratish bullying capitalist behavior that Gates is routinely crucified for, and was a jerk to people around him.
is that the kind of lifestyle he proposes to recommend to everyone else in his Stanford commencement speech? no thanks, fan boys
- Calls to activate the law prohibited child labor (thecurrencynewshound.com)
- Controversial Monologue On Steve Jobs Coming To NYC’s Public Theater (newyork.cbslocal.com)
- Corrections (slate.com)
- Michael Giltz: Theater: “The Agony And The Ecstasy Of Steve Jobs” (huffingtonpost.com)
- Steve Jobs on Creativity (swiss-miss.com)
- Steve Jobs Biography: 5 Tidbits You Need To Read (pcworld.com)
- I, Steve: Steve Jobs in His Own Words via 200 Quotes (brainpickings.org)
- Steve, you were right (thenextweb.com)
- I, Steve: Steve Jobs In His Own Words — exclusive preview (boingboing.net)
- The Plutonium Report: Radioactive Water, Core Damage Being Minimized by Tokyo Electric (photonicportal.wordpress.com)
- IBM profits from emerging markets (bbc.co.uk)
- Breaking: Two 7.4 Earthquakes Strike Japan, Tsunami Alert Now Lifted (altnewsreport.wordpress.com)
- Breaking: New HAARP Rings Over Perth Australia Exactly Like Ones Seen By Thousands in January 2010 (alligatorfarm.wordpress.com)
- Review: Dell UltraSharp U3011 (electronista.com)
- Join our Victoria’s Secrets political chat from 10:30-11 a.m. (live.theprovince.com)
- Apply Pressure to Your Representatives to STOP Federal Spendathon (alligatorfarm.wordpress.com)
- Breaking 3.11.11 Two Huge Asian Earthquakes, China 8.8, Japan 7.9 (alligatorfarm.wordpress.com)
- Grim Historic Record of the Destruction of Ishinomaki by Tsunami: Raw Video From Locals (photonicportal.wordpress.com)
- Video: Japan, Shinmoedake Volcano Erupting on March 13, 2011 (alligatorfarm.wordpress.com)
today’s intraday trades in EEV, the double leveraged inverse emerging markets ETF are instructive in the kinds of short term trades that are working in this volatile, chaotic market. That is to say: short time frames, with low risk trades framed in the most volatile indices. I currently favor EEV because it is very volatile and emerging markets have been the weakest of the regional indices. Therefore when the US markets are tanking like the last 2 days, EEM should do even worse, and therefore EEV should do great.
As you will recall, a pair trade is a trade that goes long one side and short the other with the idea of capturing the difference in performance. Another way to frame my current favorite pair trade is “Wisdom” vs “Emotion”.
It is my hypothesis that a species’ evolutionarily successful emotional responses are codified in DNA as instincts. We also know that markets punish herd behavior, since the herd can be spooked, and therefore trusted to overreact in moments of peak agitation. This is why I like to measure volatility and describe it with statistics in such a way as it is both stable enough for continuity and yet adaptive enough to respond to change in accord with deeper trends which are evolving underneath the surface of direct observation
In this pair trade Buffett plays the role of wisdom, the prototypical wise uncle who has seen it all, and knows how to frame the problem and navigate through uncertainty. The latest, hottest ETF, the metaphorically exuberant youth in search of riches in the land of milk and honey, is represented by EEM (the emerging markets).
There is a time for each in the human life cycle, in the passing of seasons, in the cycling of markets. Would we really say that the exuberance of youth should be cut out of our life and experience? where would the ventures come from? the entrepreneurship? wisdom is not everything, but it also has its time and place.
Just as we can grow and mature in our judgement, so to can we bring different values and insights to bear as the market morphs around us.
This is clearly Buffett time, however you slice it