We live in the age of the algorithm – mathematical models are sorting our job applications, curating our online worlds, influencing our elections, and even deciding whether or not we should go to prison. But how much do we really know about them? Former Wall St quant, Cathy O’Neil, exposes the reality behind the… Read More The post Algorithms: Opinions Embedded in Math appeared first on The Big Picture.
Whenever a company offers something at no charge, that means the price is hidden and out of sight. Investors considering the plethora of new fund and investing service options that purport to be “free” or have no cost should be aware: there is no free lunch. Josh and I review a prior post on this… Read More The post Discussing “No Free Lunch” in Finance appeared first on The Big Picture.
Fascinating: “The work goes a long way toward demonstrating what astronomers have long believed, but are still at pains to prove rigorously: that a supermassive black hole lurks in the heart not only of the Milky Way, but of many observable galaxies. The hub of the stellar carousel is a place where space and time… Read More The post The Monster at the Heart of the Milky Way appeared first on The Big Picture.
Bloomberg Opinion Columnist Barry Ritholtz discusses the recent volatility with Bloomberg’s Vonnie Quinn and Guy Johnson on “Bloomberg Markets.” Barry Ritholtz Discusses October’s Market Turbulence Source: Bloomberg, October 31st, 2018 The post October’s Market Turbulence appeared first on The Big Picture.
Source: CNN The post Amanpour interviews Dave Chappelle and Jon Stewart appeared first on The Big Picture.
“The Pension Gamble” goes inside the volatile fight over pensions that’s playing out in one state, and examines the broader consequences for teachers, police officers, firefighters and public employees everywhere. The Pension Gamble Source: PBS Season 37 Episode 3 | 54m 47s The post The Pension Gamble appeared first on The Big Picture.
When Apple introduced the iPod in 2001, they pioneered a new kind of physical listening experience and changed music forever. How Apple Created Music’s Best Device (And Then Ruined It) The post iPod Was Music’s Best Device (Before Apple Ruined It) appeared first on The Big Picture.
Today is the anniversary of Black Monday — October 19, 1987, the one day, 22.6% crash of the markets. I am a huge fan of Tim Metz’s Black Monday: The Catastrophe of October 19, 1987, and always recommend that book for folks who want the details of what occurred. The latest book on the topic… Read More The post Lessons Learned from Black Monday appeared first on The Big Picture.
Bloomberg: “The manufacturing analysts who spent 6,600 hours inside a warehouse north of Detroit picking apart a Model 3 have good news and bad news for Tesla Inc. The company now boasts the best technology of any electric car, with potential profit margins that would be the envy of most automakers. But Tesla is squandering that edge with… Read More The post Tesla’s Model 3: Look Inside appeared first on The Big Picture.
As Tim Cook and Apple launch the iPhone 8 and the iPhone X, the story of Steve Jobs’ original vision is told through exclusive interviews with former Apple executives Scott Forstall, Tony Fadell and Greg Christie. Together they made up the secret Project Purple team and created one of the best-selling products ever. Apple’s… Read More The post Apple’s Secret iPhone Launch Team appeared first on The Big Picture.
Michael Batnick, director of research at Ritholtz Wealth Management, discusses notable trends under the market’s surface with Mike Santoli. Stealth correction under market’s surface could be bull sign for stocks Stealth correction under market’s surface could be bull sign for stocks from CNBC. The post Stealth Correction? Its Bullish, Says Batnick appeared first on The Big Picture.
Taige Jensen argue that Donald Trump is in fact making America great again — by driving us to engage in our democracy as few presidents have. The shock of his election and his chaotic governance has mobilized progressives to run for office — women in record numbers — and to march for causes like women’s… Read More The post Stay in the Game appeared first on The Big Picture.
This is a tour de force interview by @ErikSchatzker. I want to take out a fourth mortgage on my home and send all the proceeds to @CliffordAsness / AQR https://t.co/XjZzpC27qu — Barry “I like beer” Ritholtz (@ritholtz) October 4, 2018 Michael Batnick and Downtown Josh Brown read the new interview Erik Schatzker did with… Read More The post 5 Things We Learned From Cliff Asness appeared first on The Big Picture.
John Oliver discusses the ongoing controversy surrounding Brett Kavanaugh, the sexual assault allegations against him, his Supreme Court nomination, and what that could all mean for the highest (mostly-dog) court in the land. Brett Kavanaugh: Last Week Tonight with John Oliver (HBO) The post John Oliver on SCOTUS Nominee Kavanaugh appeared first on The Big Picture.
This country belongs to whomever shows up. And do you know who shows up for every election? Old people. But only 46% of people18-34 years old voted in the last election. So the elderly have a disproportionate influence on our politics and our country. And a lot of them would like to keep it that… Read More The post Dear Young People, “Don’t Vote” appeared first on The Big Picture.
The only solution to this is to allow market forces and competition. That is not likely to happen without robust anti-Trust enforcement. Either we have to break up Ticketmaster, or and disallow exclusive deals for venues. We need viable competition! Ticketmaster recruits pros for secret scalper program Source: CBC Beyond running the official box… Read More The post Ticketmaster Teaches Scalpers How to Rip Off Concert Goers appeared first on The Big Picture.