Fabrice Grinda

  • Playing with
    Unicorns
  • Featured
  • Categories
  • Portfolio
  • About Me
  • Newsletter
  • AI
  • RO
    • EN
    • FR
    • AR
    • BN
    • DA
    • DE
    • ES
    • FA
    • HI
    • ID
    • IT
    • JA
    • KO
    • NL
    • PL
    • PT-BR
    • PT-PT
    • RU
    • TH
    • UK
    • UR
    • VI
    • ZH-HANS
    • ZH-HANT
× Image Description

Subscribe to Fabrice's Newsletter

Tech Entrepreneurship, Economics, Life Philosophy and much more!

Check your inbox or spam folder to confirm your subscription.

Menu

  • RO
    • EN
    • FR
    • AR
    • BN
    • DA
    • DE
    • ES
    • FA
    • HI
    • ID
    • IT
    • JA
    • KO
    • NL
    • PL
    • PT-BR
    • PT-PT
    • RU
    • TH
    • UK
    • UR
    • VI
    • ZH-HANS
    • ZH-HANT
  • Home
  • Playing with Unicorns
  • Featured
  • Categories
  • Portfolio
  • About Me
  • Newsletter
  • Privacy Policy
Sari la conținut
Fabrice Grinda

Internet entrepreneurs and investors

× Image Description

Subscribe to Fabrice's Newsletter

Tech Entrepreneurship, Economics, Life Philosophy and much more!

Check your inbox or spam folder to confirm your subscription.

Fabrice Grinda

Internet entrepreneurs and investors

Lună: martie 2009

A Short History of Nearly Everything by Bill Bryson is a must read!

A Short History of Nearly Everything by Bill Bryson is a must read!

It’s hard to believe anyone could weave together a history of all the scientific fields – cosmology, astronomy, paleontology, geology, chemistry, physics and more! – into a compelling narrative. Somehow, Bill Bryson manages this incredible feat! I truly loved the way he ties together the history of science with the stories of the men and women behind the science.

Read the book, you won’t be disappointed!

Autor FabricePublicat pe martie 31, 2009iulie 13, 2023Categorii Cărți3 comentarii la A Short History of Nearly Everything by Bill Bryson is a must read!

Stand up comics for rationality!

Stand up comics for rationality!

Autor FabricePublicat pe martie 31, 2009octombrie 12, 2023Categorii Displays of Creativity1 comentariu la Stand up comics for rationality!

Duplicity is tons of fun!

Duplicity is tons of fun!

I loved the movie. Clive Owen and Julia Roberts have great chemistry. The plot and dialogue are fun and engaging and the tone really reminded me of Ocean’s 11.

Watch it!

Autor FabricePublicat pe martie 27, 2009iulie 13, 2023Categorii Filme și emisiuni TVLasă un comentariu la Duplicity is tons of fun!

Wall Street Investment Banking Explained

Wall Street Investment  Banking Explained

Young Chuck moved to Texas and bought a donkey from a farmer for $100.
The farmer agreed to deliver the donkey the next day.
The next day the farmer drove up and said, ‘Sorry Chuck, but I have some bad news, the donkey died.’
Chuck replied, ‘Well, then just give me my money back.’
The farmer said, ‘Can’t do that. I went and spent it already.’
Chuck said, ‘OK, then, just bring me the dead donkey.’
The farmer asked, ‘What ya gonna do with a dead donkey?
Chuck said, ‘I’m going to raffle him off.’
The farmer said ‘You can’t raffle off a dead donkey!’
Chuck said, ‘Sure I can. Watch me. I just won’t tell anybody he’s dead.’
A month later, the farmer met up with Chuck and asked, ‘What happened with that dead donkey?’
Chuck said, ‘I raffled him off. I sold 500 tickets at two dollars apiece and made a profit of $898.00.’
The farmer said, ‘Didn’t anyone complain?’
Chuck said, ‘Just the guy who won. So I gave him his two dollars back.’
Chuck now works for Morgan Stanley.

Autor FabricePublicat pe martie 23, 2009iulie 13, 2023Categorii Displays of Creativity3 comentarii la Wall Street Investment Banking Explained

Entrepreneurs: Global Heroes!

Entrepreneurs: Global Heroes!

There is a great series of articles on entrepreneurship in the latest Economist.

Check them out:
http://www.economist.com/specialreports/displaystory.cfm?story_id=13216025

Autor FabricePublicat pe martie 18, 2009iulie 13, 2023Categorii Antreprenoriat, Interesting ArticlesLasă un comentariu la Entrepreneurs: Global Heroes!

On entrepreneurship and democracy

On entrepreneurship and democracy

„The movement that built the first national democracy was not triggered by an uprising of the masses; nor was it led by intellectual theorists. It was led by entrepreneurial men of means … . In fact, starting a business develops precisely the traits that make democracy work. It requires independence, much effort, and self-discipline – but also the ability to work with others and the recognition that you can only succeed by serving the needs of others.”

– Carl J. Schramm, „The Entrepreneurial Imperative,” p. 161

Autor FabricePublicat pe martie 16, 2009iulie 13, 2023Categorii Quotes & Poems1 comentariu la On entrepreneurship and democracy

Interesting progress in the fight against HIV

Interesting progress in the fight against HIV

Over the last 25 years, the fight against HIV has seemed hopeless. Every attempt at a vaccine or cure has failed miserably. Sometimes in science breakthroughs happen inadvertently. An AIDS patient who underwent a bone marrow transplant to treat leukemia seems to have won his battle with AIDS. Doctors have not been able to detect the virus in his blood for more than 600 days despite having ceased all conventional AIDS medication.

Read the full article at:
http://online.wsj.com/article/SB122602394113507555.html?mod=googlenews_wsj

Autor FabricePublicat pe martie 13, 2009iulie 13, 2023Categorii Interesting ArticlesLasă un comentariu la Interesting progress in the fight against HIV

Uwe Reinhardt is brilliant!

Uwe Reinhardt is brilliant!

I had the pleasure of studying under Uwe Reinhardt at Princeton. He was by far the best teacher. He gave such entertaining presentations, full of jokes and anecdotes, that he managed to make accounting fun – even at 9 am – an ungodly hour for a college student! I loved working with him so much that I became a teacher assistant for the class.

He recently gave a presentation at a conference for investors in health care. The first part of the presentation is by far the funniest and best description of the financial crisis I came across. Maybe it’s the geeky economist in me talking, but I found the presentation absolutely hilarious!

For more on Uwe Reinhardt, check out his Wikipedia entry.

Autor FabricePublicat pe martie 12, 2009august 23, 2023Categorii Economie, Displays of Creativity3 comentarii la Uwe Reinhardt is brilliant!

Warhammer 40,000: Dawn of War II is disappointing

Warhammer 40,000: Dawn of War II is disappointing

As it is built on the Company of Heroes engine, I had great hopes for this real time strategy game (RTS). Unfortunately, the game is even more simplistic than Company of Heroes (which itself was extremely simple) and the unit control is nowhere near as precise as in Company of Heroes. My RTS hopes now rest on Starcraft II and Company of Heroes: Tales of Valor.

Autor FabricePublicat pe martie 9, 2009august 8, 2023Categorii Jocuri video1 comentariu la Warhammer 40,000: Dawn of War II is disappointing

CEPS: George Soros on the crash of 2008

CEPS: George Soros on the crash of 2008

I had the pleasure of being invited to a dinner organized by the Princeton University Center for Economic Policy Studies (CEPS) where George Soros spoke on the current economic crisis.

I very much enjoyed the cocktails before the dinner where I reconnected with Alan Blinder and Harvey Rosen who had been professors of mine at Princeton and got to meet Paul Volcker. I believe I also caught sight of Daniel Kahneman and John Nash.

Paul Volcker, when not hitting on my girlfriend, made an impassioned defense of the current bailout. He argued that Americans were no less willing to accept a V shaped recovery today than in 1982 and that the duration and severity of the recession, the shape of the recovery and the nature of the policy responses were purely driven by the circumstances of the two crises: high inflation then, a financial crisis with rapidly deteriorating economic fundamentals and low inflation now.

Alan Blinder came out as the relative optimist of the night explaining that the US was much better off than most of the developed world, that US government debt as a percentage of GDP was only set to rise to 60% up from 40% and that the policy response was finally becoming systematic rather than haphazard.

George Soros for his part could have rivaled Nouriel Roubini with his dire outlook. His speech centered on the cause of the crisis and his prescriptions. He posited that markets were not only not efficient, but prone to bubbles and that in certain circumstances these bubbles could create feedback loops that could impact the economy. He argued that this current crisis was purely financial in the making because looser credit always comes with higher asset prices even though most people do not make the link. He argued that central bankers should take into consideration credit and asset bubbles when setting monetary policy – a role Alan Greenspan famously abdicated. He lamented that despite his hopes for the new administration, they were still behind the ball and doing too little too late.

While his fundamental analysis was sound, I took umbrage with some of his prescriptions, especially his desire to restrict the use of credit default swaps. He argued that stocks were ok to short because on average shorting a stock is riskier than owning it. On the other hand, buying a credit default swap is the equivalent of betting that the issuer of the bond that the CDS insures is going to do poorly – it is the equivalent of shorting the bonds of the company or country the CDS insures. The asymmetry of risk between the issuer and buyer of the CDS favors shorting the bond of the issuing company or country (buying the CDS) which he found reprehensible. I found the argument inconsistent with his desire to pop bubbles given that shorting brings price information to the market. There is nothing morally wrong with shorting and whenever regulators banned shorting both during the Great Depression and the recent financial crisis they ultimately found it counterproductive.

His inner Nouriel Roubini came out during the Q&A session after his speech. When asked about the potential for a breakdown of the social order, he gloomily responded that there was a high risk of populist regimes emerging, especially in Eastern Europe. He felt that democracy in the US might not be as entrenched as we suspect and that it could be severely tested should the Obama administration fail to contain the crisis.

He also described the plight of the developing world. There are over 1 trillion dollars worth of emerging market debt coming to maturity in 2009 that will not be rolled over. He felt that only a concerted effort by the G20 countries to deal with the issue at the upcoming April 2 meeting could save many emerging countries from default. He did not mention his prognosis, but the tone of his speech suggested he did not feel hopeful about a breakthrough there.

He also vigorously defended mark to market accounting retelling the story of Japan where the suspension of mark to market accounting led to the survival of “zombie banks” unable to lend which lumbered for years. He argued it is much better to deal with the bad debt expediently and recapitalize banks.

He also described the interesting paradox we currently face where the prescriptions for getting us out of the crisis – printing and spending a lot of money – are the very opposite what we will need to do the minute the velocity of money increases again.

He did finish on an optimistic note saying that he believed that China, Brazil and India will emerge from the crisis earlier than the rest of the world, as early as the end of the year, and would help pull the rest of the world out of the crisis.

I actually very much doubt he is right, but I sure hope he is!

Autor FabricePublicat pe martie 6, 2009august 8, 2023Categorii New York, Economie4 comentarii la CEPS: George Soros on the crash of 2008

Search

Recent Posts

  • Actualizarea FJ Labs pentru T3 2025
  • Elogiul de a fi tu însuți
  • Sensul vieții
  • FJ Labs Q2 2025 Actualizare
  • Conversația World of DaaS cu Auren Hoffman: portofolii diversificate, vânzări secundare și cine festive

Recent Comments

    Archives

    • octombrie 2025
    • iulie 2025
    • iunie 2025
    • mai 2025
    • aprilie 2025
    • martie 2025
    • februarie 2025
    • ianuarie 2025
    • decembrie 2024
    • noiembrie 2024
    • octombrie 2024
    • septembrie 2024
    • august 2024
    • iulie 2024
    • iunie 2024
    • mai 2024
    • aprilie 2024
    • martie 2024
    • februarie 2024
    • ianuarie 2024
    • decembrie 2023
    • noiembrie 2023
    • octombrie 2023
    • septembrie 2023
    • august 2023
    • iunie 2023
    • mai 2023
    • aprilie 2023
    • martie 2023
    • februarie 2023
    • ianuarie 2023
    • decembrie 2022
    • noiembrie 2022
    • octombrie 2022
    • septembrie 2022
    • august 2022
    • iunie 2022
    • mai 2022
    • aprilie 2022
    • martie 2022
    • februarie 2022
    • ianuarie 2022
    • noiembrie 2021
    • octombrie 2021
    • septembrie 2021
    • august 2021
    • iulie 2021
    • iunie 2021
    • aprilie 2021
    • martie 2021
    • februarie 2021
    • ianuarie 2021
    • decembrie 2020
    • noiembrie 2020
    • octombrie 2020
    • septembrie 2020
    • august 2020
    • iulie 2020
    • iunie 2020
    • mai 2020
    • aprilie 2020
    • martie 2020
    • februarie 2020
    • ianuarie 2020
    • noiembrie 2019
    • octombrie 2019
    • septembrie 2019
    • august 2019
    • iulie 2019
    • iunie 2019
    • aprilie 2019
    • martie 2019
    • februarie 2019
    • ianuarie 2019
    • decembrie 2018
    • noiembrie 2018
    • octombrie 2018
    • august 2018
    • iunie 2018
    • mai 2018
    • martie 2018
    • februarie 2018
    • ianuarie 2018
    • decembrie 2017
    • noiembrie 2017
    • octombrie 2017
    • septembrie 2017
    • august 2017
    • iulie 2017
    • iunie 2017
    • mai 2017
    • aprilie 2017
    • martie 2017
    • februarie 2017
    • ianuarie 2017
    • decembrie 2016
    • noiembrie 2016
    • octombrie 2016
    • septembrie 2016
    • august 2016
    • iulie 2016
    • iunie 2016
    • mai 2016
    • aprilie 2016
    • martie 2016
    • februarie 2016
    • ianuarie 2016
    • decembrie 2015
    • noiembrie 2015
    • septembrie 2015
    • august 2015
    • iulie 2015
    • iunie 2015
    • mai 2015
    • aprilie 2015
    • martie 2015
    • februarie 2015
    • ianuarie 2015
    • decembrie 2014
    • noiembrie 2014
    • octombrie 2014
    • septembrie 2014
    • august 2014
    • iulie 2014
    • iunie 2014
    • mai 2014
    • aprilie 2014
    • februarie 2014
    • ianuarie 2014
    • decembrie 2013
    • noiembrie 2013
    • octombrie 2013
    • septembrie 2013
    • august 2013
    • iulie 2013
    • iunie 2013
    • mai 2013
    • aprilie 2013
    • martie 2013
    • februarie 2013
    • ianuarie 2013
    • decembrie 2012
    • noiembrie 2012
    • octombrie 2012
    • septembrie 2012
    • august 2012
    • iulie 2012
    • iunie 2012
    • mai 2012
    • aprilie 2012
    • martie 2012
    • februarie 2012
    • ianuarie 2012
    • decembrie 2011
    • noiembrie 2011
    • octombrie 2011
    • septembrie 2011
    • august 2011
    • iulie 2011
    • iunie 2011
    • mai 2011
    • aprilie 2011
    • martie 2011
    • februarie 2011
    • ianuarie 2011
    • decembrie 2010
    • noiembrie 2010
    • octombrie 2010
    • septembrie 2010
    • august 2010
    • iulie 2010
    • iunie 2010
    • mai 2010
    • aprilie 2010
    • martie 2010
    • februarie 2010
    • ianuarie 2010
    • decembrie 2009
    • noiembrie 2009
    • octombrie 2009
    • septembrie 2009
    • august 2009
    • iulie 2009
    • iunie 2009
    • mai 2009
    • aprilie 2009
    • martie 2009
    • februarie 2009
    • ianuarie 2009
    • decembrie 2008
    • noiembrie 2008
    • octombrie 2008
    • septembrie 2008
    • august 2008
    • iulie 2008
    • iunie 2008
    • mai 2008
    • aprilie 2008
    • martie 2008
    • februarie 2008
    • ianuarie 2008
    • decembrie 2007
    • noiembrie 2007
    • octombrie 2007
    • septembrie 2007
    • august 2007
    • iulie 2007
    • iunie 2007
    • mai 2007
    • aprilie 2007
    • martie 2007
    • februarie 2007
    • ianuarie 2007
    • decembrie 2006
    • noiembrie 2006
    • octombrie 2006
    • septembrie 2006
    • august 2006
    • iulie 2006
    • iunie 2006
    • mai 2006
    • aprilie 2006
    • martie 2006
    • februarie 2006
    • ianuarie 2006
    • decembrie 2005
    • noiembrie 2005

    Categories

    • Crypto/Web3
    • Economie
    • Piețe
    • Gadgeturi tehnice
    • Călătorii
    • Posturi recomandate
    • New York
    • Anul în revistă
    • Joacă
    • Antreprenoriat
    • Fericire
    • Discursuri
    • OLX
    • Joc cu unicorni
    • FJ Labs
    • Filme și emisiuni TV
    • Interviuri și discuții pe marginea focului
    • Reflecții personale
    • Jocuri video
    • Muzici de afaceri
    • Cărți
    • Anul în revistă
    • Optimizarea vieții
    • FJ Labs
    • Luarea deciziilor
    • Economie
    • Asset Light Living
    • Reflecții
    • Optimism și fericire
    • Câini

    Meta

    • Autentificare
    • Flux intrări
    • Flux comentarii
    • WordPress.org
    • Home
    • Playing with Unicorns
    • Featured
    • Categories
    • Portfolio
    • About Me
    • Newsletter
    • Privacy Policy
    × Image Description

    Subscribe to Fabrice's Newsletter

    Tech Entrepreneurship, Economics, Life Philosophy and much more!

    Check your inbox or spam folder to confirm your subscription.

    >