Carnegie Market Blog

 

The New Algorithm of Value

Posted by Brent Luce on Feb 9, 2018 9:45:54 AM

SUPERHEROES SWOOP TO IN SAVE HEALTH CARE

On Tuesday, Jamie Dimon, Warren Buffett and Jeff Bezos announced that they are forming a new company, “free from profit making incentives and constraints”, to address the healthcare costs of their employees and “potentially all Americans”.  This news pushed most healthcare stocks downward and sparked a lot of buzz on what exactly this could mean.  The reactions varied from dismissive to “wow”, but in my opinion, this is another example of the biggest disruptive forces identifying a weakness and using their skills and means to try to solve a problem.  I certainly would not want to bet against a trio of Jamie Dimon, Jeff Bezos and Warren Buffett – it is like entering Lebron James, Michael Jordan and Wilt Chamberlain in a three-on-three basketball tournament.  They referred to healthcare costs as being a “growing tapeworm” feeding on the U.S. economy.  Many are excited about this trio attacking the tapeworm versus a group of bureaucrats.   MORE:  CEO Perspective On Healthcare Announcement 

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Topics: Oil Prices, Interest Rates, The Four, health care

Blockchain, the Four and Brick and Mortar Retailers

Posted by Brent Luce on Nov 27, 2017 3:46:55 PM

BITCOIN

The bitcoin craze continues.  As of today, bitcoin is valued at almost $10,000.   This is up from about $800 at the beginning of the year and $20 in 2013.  There are many of people who believe this is a great investment, others who think it is a massive speculative bubble, and more who have no idea what the deal is with Bitcoin or blockchain.  Last month a publicly traded biotech company decided to change its name to include the word “blockchain” change their focus to “buying cryptocurrency and blockchain businesses”.  That change alone caused the stock price to quintuple in a short time.  While Bitcoin itself may or may not be in a speculative bubble, the technology it is built on, blockchain, is quite promising.  Blockchain technology has wide implications and may turn out to be an integral piece of the technology revolution we have entered.  Here is an interesting and non-technical TED Talk explaining How The Blockchain Will Radically Transform The Economy  

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Topics: Retail, $GOOGL, $AAPL, $AMZN, The Four, $WMT, Scott Galloway, Bitcoin, Blockchain, $FB

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