“People say that entrepreneurs are geniuses who are wonderful at finding new ways to make money. When you look at a list of successful entrepreneurs, you often find only people who were able to exploit their wisdom to beat the market,” wrote economist Tyler Cowen. By “wisdom,” Cowen seems to be referring to epigrammatic imagery, […]
Monthly Archives: January 2020
Why You Should Never Trust Social Media
Mark Zuckerberg, the Facebook founder, famously proclaimed in his 2013 testimony before Congress that Facebook “doesn’t sell your data.” He was right, for a time. But every day, Facebook peddles information about its users and the users of other social media platforms. All manner of digital schemes seek to use your social media data to […]
Short-term winners — and losers — in the digital currency boom
I went into this column expecting a rather different response to a Bitcoin story. The story, which I am sure other prominent financial writers will advance in the coming weeks, concerns three former top Wall Street executives who attempted to invest in Bitcoin with the promise of a big return. That kind of story used […]