Twitter Digest: 2011-12-23

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When JPM Met MFG

MFG: We’re sending you some money.
JPM, [suspiciously] Send it with an affidavit that it’s not customer money.
MFG: We can’t send you the affidavit.
JPM: OK, just send us the money.

Twitter Digest: 2011-12-22

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Twitter Digest: 2011-12-21

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Twitter Digest: 2011-12-21

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The Hobbit, the trailer

THE HOBBIT Trailer HD – YouTube.

Twitter Digest: 2011-12-17

  • Say what you will about sovereign debt, Europe has excellent snow conditions. http://t.co/2sa0aznq #
  • Looks like crunchy open for RIMM. This should be amusing. #
  • RIMM open? Off a mere 12%. Good golly. Value traps get 'em every time. #
  • People are posting some nutty guesses for Zynga's open/close today. You kids. #
  • Btw, am on Bloomberg TV today around 3pm pst talking about hair tonics, etc. #
  • SInce there is nothing much to be said about Zynga's unimpressive $11 opening, I will point out that at least it's prime. #
  • .@robfdaniel Well, the issue is structural on many recent IPOs with so much latent pressure taking off by pre-IPO secondary market activity. #
  • I bet colleague earlier this year that IPO class of 2011 would see low pops, in part because of pre-IPO secondary market sales. #
  • Alert: Turns out we're not talking about hair tonic on @BloombergTV today at 3pst. Seems Zynga is gaming company, not hair product. #
  • Anecdotal empiricists drive me absolutely nuts. #
  • Yes, clever no? RT @leighblue: @pkedrosky you're deducing that from personal experience? #
  • Fun day: Zynga now down around $9, while Tim Hortons just passed RIMM's market cap. Donuts over doodads! http://t.co/1aS1n8TC #
  • Spectacular Atlantic photo set: The Year in Volcanic Activity – http://t.co/bqN3RE2F #
  • I'm freezing at 16C in San Diego. I am so screwed next week in Toronto. #
  • Gearheads: Any Arc''teryx Thera AR users? Like it? Need new shell. #
  • How having @herbgreenberg as a customer kills cellphone companies http://t.co/TDYfy0FX #
  • On @BloombergTV at 3pst. Let's run on-air experiment: I'll think of a number between 9 and 11. You guess & send it to me telepathically. #
  • Shh, don't tell me yet. RT @GregCook2011: @pkedrosky @BloombergTV 10.10571 #
  • 9+i <= x <= 11+i RT @EpicureanDeal: @pkedrosky Can the number be in the imaginary plane? #
  • Accepted. RT @EpicureanDeal: @pkedrosky Counterpropose 9 ± ni ≤ x ≤ 11 ± ni, where 0 ≤ n ≤ ∞ #
  • Reuters quoting tiny asset managers about RIM is like asking a duck about the company – http://t.co/9p6KSuLf /cc @felixsalmon #
  • Today in uber-bullishness: ‘Raging Bull’ Powers Citigroup U.S. Stock Call: Chart of the Day – http://t.co/nMOdNJ2u #
  • Today in strange medical syndromes I only just heard of: Münchausen syndrome by proxy – http://t.co/Slz8xHkI #

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Twitter Digest: 2011-12-17

  • Say what you will about sovereign debt, Europe has excellent snow conditions. http://t.co/2sa0aznq #
  • Looks like crunchy open for RIMM. This should be amusing. #
  • RIMM open? Off a mere 12%. Good golly. Value traps get 'em every time. #
  • People are posting some nutty guesses for Zynga's open/close today. You kids. #
  • Btw, am on Bloomberg TV today around 3pm pst talking about hair tonics, etc. #
  • SInce there is nothing much to be said about Zynga's unimpressive $11 opening, I will point out that at least it's prime. #
  • .@robfdaniel Well, the issue is structural on many recent IPOs with so much latent pressure taking off by pre-IPO secondary market activity. #
  • I bet colleague earlier this year that IPO class of 2011 would see low pops, in part because of pre-IPO secondary market sales. #
  • Alert: Turns out we're not talking about hair tonic on @BloombergTV today at 3pst. Seems Zynga is gaming company, not hair product. #
  • Anecdotal empiricists drive me absolutely nuts. #
  • Yes, clever no? RT @leighblue: @pkedrosky you're deducing that from personal experience? #
  • Fun day: Zynga now down around $9, while Tim Hortons just passed RIMM's market cap. Donuts over doodads! http://t.co/1aS1n8TC #
  • Spectacular Atlantic photo set: The Year in Volcanic Activity – http://t.co/bqN3RE2F #
  • I'm freezing at 16C in San Diego. I am so screwed next week in Toronto. #
  • Gearheads: Any Arc''teryx Thera AR users? Like it? Need new shell. #
  • How having @herbgreenberg as a customer kills cellphone companies http://t.co/TDYfy0FX #
  • On @BloombergTV at 3pst. Let's run on-air experiment: I'll think of a number between 9 and 11. You guess & send it to me telepathically. #
  • Shh, don't tell me yet. RT @GregCook2011: @pkedrosky @BloombergTV 10.10571 #
  • 9+i <= x <= 11+i RT @EpicureanDeal: @pkedrosky Can the number be in the imaginary plane? #
  • Accepted. RT @EpicureanDeal: @pkedrosky Counterpropose 9 ± ni ≤ x ≤ 11 ± ni, where 0 ≤ n ≤ ∞ #
  • Reuters quoting tiny asset managers about RIM is like asking a duck about the company – http://t.co/9p6KSuLf /cc @felixsalmon #
  • Today in uber-bullishness: ‘Raging Bull’ Powers Citigroup U.S. Stock Call: Chart of the Day – http://t.co/nMOdNJ2u #
  • Today in strange medical syndromes I only just heard of: Münchausen syndrome by proxy – http://t.co/Slz8xHkI #

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Creative destruction from world trade data

New paper:

Empirical confirmation of creative destruction from world trade data

We show that world trade network datasets contain empirical evidence that the dynamics of innovation in the world economy follows indeed the concept of creative destruction, as proposed by J.A. Schumpeter more than half a century ago. National economies can be viewed as complex, evolving systems, driven by a stream of appearance and disappearance of goods and services. Products appear in bursts of creative cascades. We find that products systematically tend to co-appear, and that product appearances lead to massive disappearance events of existing products in the following years. The opposite – disappearances followed by periods of appearances – is not observed. This is an empirical validation of the dominance of cascading competitive replacement events on the scale of national economies, i.e. creative destruction. We find a tendency that more complex products drive out less complex ones, i.e. progress has a direction. Finally we show that the growth trajectory of a country’s product output diversity can be understood by a recently proposed evolutionary model of Schumpeterian economic dynamics.

via [1112.2984v1] Empirical confirmation of creative destruction from world trade data.

Timbits vs RIMbits

Tim Hortons donuts market capitalization just passed that of Research in Motion. Happy day for donut lovers. Not so much for Blackberry lovers. Timbits vs RIMbits.

Tim Hortons Market Cap Chart

Tim Hortons Market Cap Chart by YCharts