My buddy Leo Pareja introduced me to the notion that if you aren’t paying for a product, you ARE the product. In other words, when you use a “free” service online or otherwise, your information is most likely where the company is making their money. This became painfully clear earlier in the week when it was revealed that Facebook effectively sold private information (by virtue of an app) on millions of its users to Cambridge Analytica, who in turn used the information to assist a client of theirs to use the information for the benefit of the Donald Trump presidential campaign. At this point, there is no evidence that the Trump campaign did wrong by acquiring this information, but it is a sobering reminder that the massive information that companies like Google, Amazon, Samsung, Facebook, and Microsoft have on us is anything but private. Facebook stock took a dive last week and Mark Zuckerberg has been crying mea culpa on CNN and the online media. Zuckerberg should expect a subpoena to testify in front of congress soon. I deleted all of my FB apps and definitely don’t want one of those creepy Amazon Echo or Google Home anywhere near my house.
Professional investors know that the best way to make it big is to believe in something that almost everyone disagrees with - and be right. That could be a business idea, an investment opportunity, or a cultural trend.
NAHREP has reasons for both optimism and concern about a second Trump term...
With the presidential election only three weeks away, partisans on both sides are taking off the gloves with rhetoric that vilifies their opponents and fires up their minions. Most people believe that our country is more divided than ever. Indeed, the days when liberal and conservative candidates can debate their views respectfully seem like a distant memory. At the risk of oversimplifying things too much, let me cut to the chase about what is driving the divisions in the country.