Review & Outlook

Our take on the investing, financial, & economic themes of the day

What We’re Reading: September 15

15 September, 2014 by Matthew O'Brien, Ph.D. in Commentary

Quotation of the Day:

“I think that Silicon Valley as a whole or that the venture-capital community or startup community is taking on an excessive amount of risk right now. Unprecedented since ‘’99. In some ways less silly than ’99 and in other ways more silly than in ’99. . . .  No one’s fearful, everyone’s greedy, and it will eventually end. And there are reasons, which might take all night to explain, why this business is cyclical over time, and the more chance you have to see different cycles and to see how it slips away, you can see it.”

— Bill Gurley, Venture Capitalist (WSJ)

Monday Links:

Why you should stay away from Alibaba (Fortune)

Fracking Gives U.S. Energy Boom Plenty of Room to Run (Wall Street Journal)

Venture Capitalist Sounds Alarm on Startup Investing (Wall Street Journal)

Apple: Don’t Listen to the Doomsayers (Barron’s)

Apple Reports Record Preorders for New iPhone (Wall Street Journal)

Cognizant to Buy TriZetto for $2.7 Billion (Bloomberg)

Danaher to Buy Implant Maker Nobel for $2.2 Billion (Bloomberg)

Record S&P 500 Masks 47% of Nasdaq Mired in Bear Market (Bloomberg)

Why frustated second sons and medieval Anglo-Scottish border violence (partly) explain US healthcare costs (FT Alphaville)