"Two things that come to mind are: 1) the real-time web, and 2) data mining. 1) Twitter is one of the dominant vehicles for the real-time web. I remember when an earthquake shook my house recently and I went to Twitter and searched for "earthquake." Within seconds I had real-time conversations popping up confirming that I felt an earthquake. Twitter should promote and further a real-time web with real-time search. Would you agree that Google is more on the cached side of things? 2) Twitter has developed an easy way for users to share data (least common denominator: SMS). Taking the real-time data they've created they should mine that data for companies, research groups, users. Articles have hinted at Twitter developing dashboards for companies, but I think it should be more than that. Dashboards are buzzwords; they make management feel special. Twitter, if done right, could become the NORAD(1) of the Internet. Yes, that's an overstatement, but imagine the possibilities. NORAD knows..."
- Matt Mullins
"I find it amusing that people like to hate Apple because they are so successful. It reminds me of the same types of people that get angry at the prices of food inside of places like Disneyland or a baseball stadium. If you don't like the prices (or rules Steve imposes) then don't buy, just watch and enjoy the show. I'd love to jump off a PC and switch to a Mac, but I'm nervous. I've been sucking from Microsoft's teet (sp?) for too long and don't know how to wean myself away from them."
- Matt Mullins
"Sidney Homer in his book "Inside The Yield Book" (published 1972), made a statement regarding potential wealth from reinvesting interest coupons. I think his statement still applies today and is worth considering given Brazil's upcoming choices with how it handles its oil. "Aside from the destructive effects of wars, revolutions and inflations, and the incidence of taxes, there is a very human propensity to consume." (page 32)"
- Matt Mullins
"Yesterday was a blast! I had a ton of fun and I even learned something important. The employees and traders on StockTwits (together "the Community") are, in fact, very real and are professionals. The lesson: don't underestimate the level of knowledge of the Community. StockTwits ain't no Yahoo! Finance message board (call the grammar police). StockTwits, to me, is like sitting on the trading floor of a real incorporated investment management company. My day job (risk management) consists of monitoring traders and talking with them about why they chose to take on a trade given its risk profile. With the Community on StockTwits I have similar conversations and yesterday proved it even more so. Before the closing bell ceremonies began I mingled with other StockTwits users and I'll admit I had low expectations. However, when I started my first conversation I was instantly blown away. We all know about the employees/interns at StockTwits. We also know about the "Recommended List." What we..."
- Matt Mullins
Mish makes a good point, "Now sales are up this year which will cut into next year's demand, at the expense of everyone not getting free money."
- Matt Mullins
"I'm in love with this idea. That's why you're the VC and I'm not. :-) I love that you guys, along with StockTwits, are challenging "the norm" for investing."
- Matt Mullins
"Your going to get a lot of compliments for this post, and deservedly so. Here's why some are calling it "brilliant." I think part of the mess we are in has to do with promises made back when subprime mortgages were becoming popular. For borrowers, the promise of a home with low payments (a false sense of affordability) and rising home prices. For lenders, the promise of unlimited profit potential from Wall Street if the lenders let the Bankers sell mortgage-backed securities. For investors, the promise of AAA quality streams of income. I'm guilty of falling for these promises when I helped issue MBS at New Century Financial. My point is that promises can be blinding. We don't do as good of a job with our due diligence processes because of promises. Ideas force further investgation on our part. Even better, ideas don't box you into a specific trade. They do, though, help establish a foundation from which you can make a trade given your unique risk profile. At New Century, we went on..."
- Matt Mullins
"Interesting thoughts, which I agree with. I once read and saved an excerpt by Marc Andreesen, which I think also applies... "High failure rates and low average returns suggest that too many people may be entering markets as entrepreneurs. Thus, anticipating how one will perform in the market is a fundamental component of the decision to start a business...The strongest [variable] of an individuals entrepreneurial propensity is shown to be whether the person believes herself to have the sufficient skills, knowledge and ability to start a business..." The point of the excerpt is that, "...results suggest [there are] high rates of start-up activity because their inhabitants are [overly] confident." This post reminds of that excerpt and how someone of these folks probably need to take a reality check on whether this is really a viable idea or not."
- Matt Mullins