I find myself on vacation. For me, that means getting away to a nice (usually new) place where I can read in peace. (And completely fail on my stated pledge not to check email – but that’s another story.) It also gives me time to think, which I find I rarely have these days. Naturally, my mind…

I can’t write posts that I’m going to publish on the main blog on my iPhone and there’s a really weird, unexplainable reason why: my mind just functions differently when I type on my iPhone than when I actually sit down with my Mac open. The texts and tweets that I send from my iPhone are usually a curious mix of snark, jokes and random opinions. I hardly ever take into account what people think when I publish something I’ve written on my iPhone. But on my laptop, it’s entirely different. And so what often happens is I’ll type some quick bullet points up on my iPhone when I get the inspiration and then wait till I’ve got access to my laptop before typing an actual post. 

Will an iPad change this? Perhaps. But for some reason, I don’t think it’s likely to.

You pay $150 billion for that, and it’s a lot of risk. You might never make any money. The Clippers make money, and they’re going to make more money. As a multiple of earnings, you’re paying less than you are for almost every tech stock. You have very limited downside because there will never be more than two teams in Los Angeles.

Steve Ballmer, comparing investing his money in the Los Angeles Clippers versus tech stocks. (via parislemon)

To be honest, I don’t think the world ever gave Ballmer enough credit for his intelligence. Sure he may have screwed up here and there (multiple times) but at the end of the day, he tried to do what he thought was the best for Microsoft - and he tried hard.


Joe Pinsker on a unique strategy employed by Herb Hyman, the owner of Coffee Bean & Tea Leaf:

He determined his shops’ proximity to Starbucks to be such a boon that he began opening locations close to established Starbucks—a sly reversal of the national chain’s strategy. “We bought a Chinese restaurant right next to one of their stores and converted it, and by God, it was doing $1 million a year right away,” Hyman is quoted as saying in Starbucked.

Rather than run and hide from the big guy, or be terrified of his arrival into town, Coffee Bean started doing the opposite. And they thrived — undoubtedly because it helps to be next to Goliath when you’re trying to get people to pull for David.

(Also interesting data on small boards versus big boards — which makes total sense.)

Exactly what’s happening with Xiaomi and Apple. 

It turns out getting an investment is a lot like speed dating. One wrong answer can be fine if everything else is top-notch, but two or three answers that are fishy and, well, you’re out. Fortunately it’s extremely educational since you will quickly learn the questions everyone asks, and you’ll learn to see who’s best at it.