Comments on: Day 3 Summary – Gilder Telecosm 2006 http://www.nyquistcapital.com/2006/10/10/day-2-summary-gilder-telecosm-2006/ More Signal. Less Noise. Thu, 02 Apr 2009 12:29:57 -0700 http://wordpress.org/?v=2.9.1 hourly 1 By: Andrew Schmitt http://www.nyquistcapital.com/2006/10/10/day-2-summary-gilder-telecosm-2006/#comment-696 Andrew Schmitt Wed, 10 Jan 2007 06:14:43 +0000 http://www.nyquistcapital.com/2006/10/10/day-2-summary-gilder-telecosm-2006/#comment-696 Scott- his comment about mispricing assets was a general one, not focused on telecom. Scott- his comment about mispricing assets was a general one, not focused on telecom.

]]> By: Scott Raynovich http://www.nyquistcapital.com/2006/10/10/day-2-summary-gilder-telecosm-2006/#comment-695 Scott Raynovich Tue, 09 Jan 2007 16:50:32 +0000 http://www.nyquistcapital.com/2006/10/10/day-2-summary-gilder-telecosm-2006/#comment-695 On Gold and Supply Side economics: Gold is a horrible investment. Until it's not. Its "dead money" property is exactly what makes it a good currency. It's nonfungible, shiny, and historically ubiquitous. This is what makes it great during times of financial crisis --you know that gold will always be gold. I think its a dandy thing to have when the world financial systems get a bit wobbly, especially when currencies around the world are being manipulated to all get-go. IMO gold is going higher now. On supply siders: Cheap capital is great but can't you go overboard? One by-product of the oversupply of capital is financial shenanigans. Check out 1999 and Enron. When money is cheap, it's easy to disguise fraud. And the greatest businesses are build in tough times, when money is tight, because it is such a challenge. On Gold and Supply Side economics:

Gold is a horrible investment. Until it’s not. Its “dead money” property is exactly what makes it a good currency. It’s nonfungible, shiny, and historically ubiquitous. This is what makes it great during times of financial crisis –you know that gold will always be gold. I think its a dandy thing to have when the world financial systems get a bit wobbly, especially when currencies around the world are being manipulated to all get-go. IMO gold is going higher now.

On supply siders: Cheap capital is great but can’t you go overboard? One by-product of the oversupply of capital is financial shenanigans. Check out 1999 and Enron. When money is cheap, it’s easy to disguise fraud. And the greatest businesses are build in tough times, when money is tight, because it is such a challenge.

]]> By: Scott Raynovich http://www.nyquistcapital.com/2006/10/10/day-2-summary-gilder-telecosm-2006/#comment-694 Scott Raynovich Tue, 09 Jan 2007 15:33:17 +0000 http://www.nyquistcapital.com/2006/10/10/day-2-summary-gilder-telecosm-2006/#comment-694 So Rutledge said Telecom is mis-priced but he didn't say in which direction? That's not really fair. --Scott So Rutledge said Telecom is mis-priced but he didn’t say in which direction? That’s not really fair.

–Scott

]]> By: Dr. Strangelove at Nyquist Capital http://www.nyquistcapital.com/2006/10/10/day-2-summary-gilder-telecosm-2006/#comment-693 Dr. Strangelove at Nyquist Capital Mon, 20 Nov 2006 20:05:45 +0000 http://www.nyquistcapital.com/2006/10/10/day-2-summary-gilder-telecosm-2006/#comment-693 [...] One of the more interesting speakers at the Gilder Conference was John Rutledge - I blogged his talk here. He wrote a short summary of his impressions of China gleaned from his latest visit. He summarizes the threat China presents to the USA. The big words in China are entrepreneurship and innovation. …The Chinese government knows they will not be able to continue growth through manufacturing. There is not enough oil, gas, and coal and the air and water quality is terrible. They have decided to grow by investing in IT (fiber optic communications networks) and human capital (education) to increase productivity. Fighting over textiles is yesterday’s war. We should be thinking about where Cisco puts their next R&D facility. China is currently bidding very hard for such operations to relocate to their country. [...] [...] One of the more interesting speakers at the Gilder Conference was John Rutledge – I blogged his talk here. He wrote a short summary of his impressions of China gleaned from his latest visit. He summarizes the threat China presents to the USA. The big words in China are entrepreneurship and innovation. …The Chinese government knows they will not be able to continue growth through manufacturing. There is not enough oil, gas, and coal and the air and water quality is terrible. They have decided to grow by investing in IT (fiber optic communications networks) and human capital (education) to increase productivity. Fighting over textiles is yesterday’s war. We should be thinking about where Cisco puts their next R&D facility. China is currently bidding very hard for such operations to relocate to their country. [...]

]]> By: Mike Sanders http://www.nyquistcapital.com/2006/10/10/day-2-summary-gilder-telecosm-2006/#comment-692 Mike Sanders Wed, 11 Oct 2006 13:48:57 +0000 http://www.nyquistcapital.com/2006/10/10/day-2-summary-gilder-telecosm-2006/#comment-692 I believe you misunderstand or at least mis-state Forbes' (and most other classical economists') position on the use of gold. Gold need not be the currency and in fact is impractical as currency. But the value of gold offers a measure - hopefully constant - that can be used to determine, even if loosely, that the correct amount of money is being added or subtracted from the economy. Think of it as a monetary North Star. The best explanation you will find is probably the relevant chapter in Jude Wanniski's The Way The World Works. Jude was an oddball in some ways but he nailed it here. I believe you misunderstand or at least mis-state Forbes’ (and most other classical economists’) position on the use of gold. Gold need not be the currency and in fact is impractical as currency. But the value of gold offers a measure – hopefully constant – that can be used to determine, even if loosely, that the correct amount of money is being added or subtracted from the economy. Think of it as a monetary North Star. The best explanation you will find is probably the relevant chapter in Jude Wanniski’s The Way The World Works. Jude was an oddball in some ways but he nailed it here.

]]> By: RinseAndRepeat http://www.nyquistcapital.com/2006/10/10/day-2-summary-gilder-telecosm-2006/#comment-691 RinseAndRepeat Tue, 10 Oct 2006 19:56:18 +0000 http://www.nyquistcapital.com/2006/10/10/day-2-summary-gilder-telecosm-2006/#comment-691 Andrew, if you're interesting in Forbes Iran comments, you might be interested in this: http://www.theoildrum.com/story/2006/10/5/215316/408 Andrew, if you’re interesting in Forbes Iran comments, you might be interested in this:

http://www.theoildrum.com/story/2006/10/5/215316/408

]]> By: Chris Segura http://www.nyquistcapital.com/2006/10/10/day-2-summary-gilder-telecosm-2006/#comment-690 Chris Segura Tue, 10 Oct 2006 16:42:02 +0000 http://www.nyquistcapital.com/2006/10/10/day-2-summary-gilder-telecosm-2006/#comment-690 Andrew, I am still out here :) RFID is an excellent example of Moore's law in action. The early Intel 8086 contained about 29k transistors and was ~33mm^2. Fast forward 25 years later and typical RFID chips contain several thousands more transistors than the 8086 but yet are only 0.5mm^2 (typical chip is about 700um on a side) in area and getting smaller. Andrew, I am still out here :) RFID is an excellent example of Moore’s law in action. The early Intel 8086 contained about 29k transistors and was ~33mm^2. Fast forward 25 years later and typical RFID chips contain several thousands more transistors than the 8086 but yet are only 0.5mm^2 (typical chip is about 700um on a side) in area and getting smaller.

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