The value of the Yankees under the Steinbrenners. Not a bad investment. read.bi/18YaOY0 http://t.co/qIZso7TGS5—
Cork Gaines (@CorkGaines) March 26, 2015
George Steinbrenner was not just a figure of Seinfeld’s imagination
18 Apr 2015 Leave a comment
in economic history, entrepreneurship, sports economics, TV shows Tags: entrepreneurial alertness, Seinfeld
What happened when the robots took all the agricultural jobs?
18 Apr 2015 Leave a comment
in entrepreneurship, industrial organisation, survivor principle Tags: agricultural economics, creative destruction, technological unemployment
around 1910, about a third of all US workers were in agriculture. It's now about 2%. conversableeconomist.blogspot.com/2015/03/snapsh… http://t.co/wUd8tbk0n6—
Catherine Rampell (@crampell) March 09, 2015
Creative destruction in CD sales
17 Apr 2015 Leave a comment
in applied price theory, economic history, economics of media and culture, entrepreneurship, industrial organisation, Music, survivor principle Tags: creative destruction, entrepreneurial alertness
Digital music sales have exceeded those from CDs for the first time: on.wsj.com/1yp37FW http://t.co/LDOdrgGap9—
Wall Street Journal (@WSJ) April 15, 2015
Evolution of Coke 1899-1986
15 Apr 2015 Leave a comment
The sharing economy in a nutshell
15 Apr 2015 Leave a comment
in economics of information, economics of media and culture, entrepreneurship Tags: entrepreneurial alertness, Facebook, sharing economy, Uber
@FlipChartRick spotted this earlier http://t.co/q6FoyIGJFL—
(@MervynDinnen) March 20, 2015
Hollywood’s highest paid star Leonardo DiCaprio earns three times average FTSE 100 boss | City A.M.
15 Apr 2015 Leave a comment
in applied welfare economics, entrepreneurship, Marxist economics, politics - USA, Public Choice, Rawls and Nozick, rentseeking Tags: Occupy Wall Street, top 1%
This top 1% gets a pass from the Occupy activists
Uber is bringing a new meaning to creative destruction
14 Apr 2015 Leave a comment
in economics of regulation, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction, entrepreneurial alertness, Uber
Uber's astounding rise: onforb.es/1yiZFNp http://t.co/VocIl3EogE—
Forbes Tech News (@ForbesTech) April 10, 2015
The merits of different options to combat global warming
14 Apr 2015 Leave a comment
in applied price theory, applied welfare economics, economics of regulation, energy economics, entrepreneurship, environmental economics, global warming Tags: climate alarmism, cost benefit analysis, evidence-based policy, global warming
Do vice funds out-perform the share market?
13 Apr 2015 Leave a comment
in entrepreneurship, financial economics, market efficiency, TV shows Tags: active investing, efficient markets hypothesis, entrepreneurial alertness, ethical investing, passive investing, Sopranos, vice funds

The Vice Fund has outperformed the S&P 500 since 2004. They invest in sinful stocks as its managers describe it:
Designed with the goal of delivering better risk-adjusted returns than the S&P 500 Index. It invests primarily in stocks in the tobacco, alcohol, gaming and defence industries. Vice Funds believe these industries tend to thrive regardless of the economy as a whole.
The Vice Fund was founded in 2002 to specialise in socially irresponsible stocks such as gambling, alcohol , tobacco and defence contracting. The Vice Fund is not recession proof, but did do better in the 2009 market crash.
The Vice fund also has high management fees of 2%. Americans can buy Vanguard’s or Fidelity’s index funds and pay only 0.1% in expenses. The Vice Fund may have buckled under the heat because it has rebranded:
The Vice Fund is now called the Barrier Fund. The investment strategy and the portfolio manager have not changed… The Barrier Fund invests in companies, both domestic and foreign, within industries that have significant barriers to entry.
All is not lost, the Ave Maria Catholic Values Fund beat the market almost as handily as Vice.

To confuse further, the Catholic Values Fund revealed that it shared investments in defence contractors with the Vice Fund. The Vice Fund invested in staid Berkshire Hathaway and Microsoft.
HT: Investing in Vice.
Facebook makes most of its money from mobile ads
12 Apr 2015 Leave a comment
in economics of media and culture, entrepreneurship, industrial organisation, survivor principle Tags: advertising, creative destruction, entrepreneurial alertness, Facebook, mobile phones
Creative destruction in Internet desktop browsers
07 Apr 2015 Leave a comment
in economics of media and culture, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction, entrepreneurial alertness, innovation, markets selection, The meaning of competition
This is why @Microsoft is killing off the Internet Explorer brand: dadaviz.com/i/3622 #dataviz http://t.co/EikfbZFe2N—
Randy Olson (@randal_olson) March 17, 2015



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