1) Why Qualcomm $QCOM Seeks Ban in China of Apple $AAPL iPhones:
Bloomberg.com video above published Oct 13, 2017: Qualcomm Inc. filed lawsuits in China seeking to ban the sale and manufacture of iPhones in the country, the chipmaker’s biggest shot at Apple Inc. so far in a sprawling and bitter legal fight. Bloomberg's Ian King reports on "Bloomberg Markets."
2) Jamie Dimon Says 'Stupid' Bitcoin Investors Will Pay the Price
Bloomberg.com video published Oct 13, 2017: JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon comments on bitcoin during a panel discussion at the annual meeting of the Institute of International Finance in Washington.
Bloomberg.com video published Oct 13, 2017: JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon comments on bitcoin during a panel discussion at the annual meeting of the Institute of International Finance in Washington.
3) Investing
How to Minimize Investment Returns: "Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac’s talents didn’t extend to investing: He lost a bundle in the South Sea Bubble, explaining later, “I can calculate the movement of the stars, but not the madness of men.” If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the fourth law of motion: For investors as a whole, returns decrease as motion increases ... To get very specific, the Dow increased from 65.73 to 11,497.12 in the 20th century, and that amounts to a gain of 5.3 percent compounded annually. (Investors would also have received dividends, of course.) To achieve an equal rate of gain in the 21st century, the Dow will have to rise by Dec. 31, 2099, to — brace yourself — precisely 2,011,011.23. But I’m willing to settle for 2,000,000; six years into this century, the Dow has gained not at all."--Warren Buffett, Berkshire’s Annual Report (p18) February 28, 2006.
4) ICYMI Tech News:
- These Are The People Behind Million-Dollar Sales Of Companies That Sell On Amazon | buzzfeed.com: some companies make millions by brokering deals selling third party e-commerce shops on Amazon to others.
- Amazon to Add 120,000 Holiday Workers, Same as Last Year | WSJ.com: $AMZN plans to retain some of the workers as permanent employees. See also Amazon prepares to break into [digital] ad industry | TheHill.com.
- The Real Reason Twitter Restricted Rose McGowan's Account Instead Of Just Deleting One Tweet: Twitter's Trust and Safety Team doesn't have the ability to remove or block individual tweets.
- Windows Phone is now officially dead: A sad tale of what might have been | ArsTechnica.com
- How a homemade tool helped North Korea's missile program | Reuters.com: Computer Numerical Control (CNC) machine.
- Our minds can be hijacked': the tech insiders who fear a smartphone dystopia | Technology | TheGuardian.com.
- Why is it so hard to ditch Apple, Amazon, Google and Facebook? "From 2013 to 2017, the combined market capitalisation of Apple, Amazon, Facebook and Google increased in size by the GDP of Russia – $1.4 trillion. And the power of The Four keeps on growing"--wired.co.uk [Editor's note: Thankfully, I am "entangled" with just 2 of the 4, how about you?]
-- John Poole, Editor, Domain Mondo
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