parislemon:

Fascinating profile of Michael Larson, the head of Cascade Investment LLC — aka, the secretive fund that invests most of Bill Gates’ wealth. A couple fun tidbits from Anupreeta Das & Craig Karmin’s reporting:

The firm owns at least 100,000 acres of farmland in California, Illinois, Iowa, Louisiana and other states—or an area seven times bigger than Manhattan.

And:

Cascade employees are expected to be frugal. Even though Mr. Gates owns nearly half of the Four Seasons Holding Inc. luxury-hotel chain through Cascade, the investment firm’s executives stay at less-expensive hotels, even when traveling on Four Seasons business.

They also own the Charles Hotel in Cambridge, Massachusetts, the Ritz-Carlton in San Francisco, and a 490-acre ranch in Wyoming once owned by William F. “Buffalo Bill” Cody.

I wonder if the value of being frugal was instilled into the employees by Gates or by Cascade.

  • iPhone user: I'm so excited to get the iPhone 6
  • Android user: Why do people with iPhones think they're so much better than everyone else
  • iPhone user: I just like this pho-
  • Android user: The Samsung Anus5000 had that screen *snort* like 2 years ago! *glomping noise* How are you enjoying 2012 you mindless sheeple?? *uses inhaler to suppress incoming asthma attack*
om:

US adults will spend an average of 21 minutes each day on Facebook in 2014. Those 21 minutes account for one-third of the time US adults spend each day on social networks, 6% of time they spend with digital devices, and 2.8% of time with all media. (eMarketer)

om:

US adults will spend an average of 21 minutes each day on Facebook in 2014. Those 21 minutes account for one-third of the time US adults spend each day on social networks, 6% of time they spend with digital devices, and 2.8% of time with all media. (eMarketer)

staff:

There’s a new OS for the iPhone. It’s called iOS 8. Why? Apple won’t say.
Regardless, we’ve got a new Tumblr app out today that takes advantage of iOS 8’s improved sharing features. Make a photo post right from your Photos app, for example. Or a link post right from Safari. Couldn’t be easier.
Also: Posts are now the full width of the screen. That means photos are 3% larger than before. Sounds like a little, feels like a lot.

The iOS integration is interesting - Yahoo seems to be much closer to Apple right now than ever before. 

staff:

There’s a new OS for the iPhone. It’s called iOS 8. Why? Apple won’t say.

Regardless, we’ve got a new Tumblr app out today that takes advantage of iOS 8’s improved sharing features. Make a photo post right from your Photos app, for example. Or a link post right from Safari. Couldn’t be easier.

Also: Posts are now the full width of the screen. That means photos are 3% larger than before. Sounds like a little, feels like a lot.

The iOS integration is interesting - Yahoo seems to be much closer to Apple right now than ever before.