Tonight I am entertaining Kim’s family for the second night. They are here to honor the death a few days ago of her and their sibling. Unfortunately, since everyone grieves differently, some in the family are simply not ready to convene, so its all a bit of a broken play. Kim is at her final dress rehearsal for her show, which plays tomorrow and Saturday. She is going through a lot this week, so I…
With the AWS cloud storage outage that occurred yesterday, we are probably all wondering if we should be paying more attention to the AI and data center buildout issues that are being written about every day. I am also seeing more articles about how the data center demands on both power grids AND water supplies are starting to impact communities. Data centers use staggering amounts of both electricity and water and both are starting to…
AI is changing every day. I remember back in 1996 when one of my friends brought out a new toy on one of our motorcycle rides to Vermont. He had been a Naval Officer in the past and considered himself quite the navigator. This gadget he had acquired was something he called a Global Positioning System and it was about the size of an old Nokia cellphone. On it, on a dimly lit screen was…
I’ve always kept an eye on Echostar, the company that built out the Dish Network. That started about 35 years ago when I met my friend and VC mentor, Frank. Frank ran a venture capital business in the DC Beltway area and was wired into the Department of Defense technology vortex that spun out of DARPA (Defense Advanced Research Projects Agency), the U.S. Department of Defense’s primary research and development organization focused on breakthrough technologies…
Let me begin by stating that I value this hilltop VERY highly and we have no intention of leaving it soon. I am not so very voyeuristic about my home’s value that I tune into what my friend Steven calls Zillow Porn so very often. I am aware that Zillow has valued my home very much lower than I feel it deserves, but I understand the limitations of a vast algorithmically-driven service like Zillow and…
Today, Kim and I are flying north to join our friend Frank for a birthday celebration by going with him into the California Gold country for a few days. This feels like an appropriate way to celebrate his 88th birthday because, as a Marshall Scholar, Frank is not only a font of knowledge about California history but also one of the most brilliant global macro economists I know. Given the importance of gold to both…
I started in business school during the spring of my senior year in college by taking a few of the first-year courses. To be fair, I had taken economics courses for four years already by then, but economics, while connected to business, is simply not the same. So, for all intents and purposes, I have been thinking about the finance business since 1975, a full fifty years at this point. Wall Street tends to bifurcate…
In 1983, 42 years ago, I was sent by my bank to work on the downtown trading floor, in a building named BT Plaza, which sat next World Trade Center 2. I used to call it the shortest 40-story building in the world…because of its next-door neighbor. Not to be too dramatic or foreshadowing, but it is also the building that in 2001 got a 17-story gash down its northern side from the collapse of…
As I have mentioned in previous stories, I am scheduled to head off to New York City on Sunday for a trial in which I will be giving expert testimony on a case that started in the middle of 2022 and which I have put about 330 hours of time on since then. This is the case that I was contacted about in mid July and told to start preparing for trial due to start…
Do you remember when you were in college or business school and it was steady week? At Cornell they used to give us about a week in between the end of classes and the start of final exams. That week was called study week and of course some people (those that were diligent), would use the week to review all of their course notes so has to be as well prepared for their exams as…