The Big Picture |
- Youth Labor Force Participation Continues To Fall, but It Might Be for a Good Reason
- Stardom
- History of High-Frequency Trading
- 10 Insane Things We Believe On Wall Street
- 10 Friday AM Reads
- Kawasaki’s Totally Illegal Ninja Superbike
| Youth Labor Force Participation Continues To Fall, but It Might Be for a Good Reason Posted: 21 Feb 2015 02:00 AM PST Labor Force Participation Rate: 1955-2014 Labor Force Participation RateLabor Force Participation RateIn School to Population Ratio: 16-24NEET to Population Ratio: 16-24Source: Federal Reserve Bank of St. Louis  |
| Posted: 20 Feb 2015 03:00 PM PST MONEY We’re impressed when you make it, and continue to make it. The more zeros the better. CONTINUITY Momentary blips are not stars, they’re comets. If you don’t last, especially in today’s overloaded, evanescent world, you’re irrelevant. DO IT YOURSELF Screw the millennial teamwork/group construct. We want to see individuals triumph, it’s the American Way. CHARISMA Necessary in art. You must have that something extra that intrigues us. ORIGINALITY If you’re not pushing the envelope, you’re not interesting. SMART Is attractive. It’s the essence of the digital world. Dumb is unappealing. CONFIDENCE If you don’t believe in yourself, how can we believe in you? ELUSIVENESS There must be something we don’t know, that keeps us thinking, coming back, wondering who you really are. BEAUTY Is not only external. It’s about being attractive, emanating an essence that is irresistible, that one cannot get anywhere else. SKIN DEEP Those who are only external are not stars. They call those people models. They might be famous, but don’t equate fame with stardom, sometimes the two go together, sometimes they don’t. The guy who shoots up the workplace is famous, but he’s not a star. Sorry for the metaphor, but you must realize it’s not about doing anything to make it, but the right thing. HOT AIR We live in a substance culture. If there’s no bedrock to what you’re saying, don’t talk. MULTIPLE BALLS IN THE AIR We’re not interested in how you’re working the system, we’re interested in the results. It’s not news when you make a deal with a new outlet, it does not burnish your image, it’s not about getting multiple people to pay you, it’s about what you release/create. You think you’re winning by being in the news, but you’re losing, you’re the annoying character who won’t go away. MULTIPLE TIMES Once is not enough. Stars do it again and again and again. And they do it different. What came before does not necessarily predict what will be next. COMPETITION There is none. Stars are sui generis. There’s no one like them. Which is why we’re drawn to them. BACKBONE Stars say no, only amateurs always say yes. If it doesn’t feel right, don’t do it. And don’t be afraid to let people know you won’t do it. RULE BOOK There is none. If you’re not creating your own rules, you’re not a star, you’re just a figment in someone else’s constellation, your light can be dimmed by them. PLATFORM Platforms come and go, stars remain. TALENT You’ve got to have some, but what it is is up for grabs in today’s world. Then again, don’t equate momentary, no-talent performers with a modicum of fame to stars. Just because the media writes about some YouTube or Vine performer who kids are attracted to, don’t believe that person is a star. Chances are they’re on a lark and it won’t last. Stars walk off into the wilderness and keep going and we wake up at some point and start chasing/following them, astounded that they refuse to do it like everybody else and are dropping fascinating crumbs along the way. ~~~ –  |
| History of High-Frequency Trading Posted: 20 Feb 2015 09:00 AM PST
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| 10 Insane Things We Believe On Wall Street Posted: 20 Feb 2015 06:30 AM PST To outsiders, Wall Street is a manic, dangerous and ridiculous republic unto itself – a sort of bizarro world where nothing adds up and common sense is virtually inapplicable. Consider the following insane things that we believe on Wall Street, that make no sense whatsoever in the real world: 1. Falling gas and home heating prices are a bad thing 2. Layoffs are great news, the more the better 3. Billionaires from Greenwich, CT can understand the customers of JC Penney, Olive Garden, K-Mart and Sears 4. A company is plagued by the fact that it holds over $100 billion in cash 5. Some companies have to earn a specific profit – to the penny – every quarter but others shouldn't dare even think about profits 6. Wars, weather, fashion trends and elections can be reliably predicted 7. It's reasonable for the value of a business to fluctuate by 5 to 10 percent within every eight hour period 8. It's possible to guess the amount of people who will get or lose a job each month in a nation of 300 million 9. The person who leads a company is worth 400 times more than the average person who works there 10. A company selling 10 million cars a year is worth $50 billion, but another company selling 40,000 cars a year is worth $30 billion because its growing faster Away from Wall Street, no one believes in any of this stuff. It's inconceivable. On Wall Street, these are core tenets of our collective philosophy. No wonder everyone else thinks we're insane.  |
| Posted: 20 Feb 2015 04:30 AM PST Here are our end of week morning train reads:
What are you reading?
2014 vs. 2015
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| Kawasaki’s Totally Illegal Ninja Superbike Posted: 20 Feb 2015 03:00 AM PST
Kawasaki has unveiled the most powerful production motorcycle ever. The 2015 Ninja H2R generates a ludicrous 300 horsepower from its supercharged engine. (conpare with Alfa Romeo’s 4C that has 237 HP; BMW's popular HP4 superbike = 193.
More photos and video after the jump
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