Monthly Archives: January 2011

Welcome to the new Midas Oracle subscribers…

I am very happy with the surge in feed subscribers. http://www.midasoracle.org/feed/ I just wanted to remind them that they can also subscribe to the comment feed, so they can also get the comments into their Google Reader, Reeder, or else. … Continue reading

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Amateurish financial forecasters beat Wall Street financial analysts.

- Apple’s blow-out quarter: The bloggers called it, the Street blew it. – Apple’s Underdog Analysts Outperform Wall Street From Helsinki, Caracas. ADDENDUM: Yesterday’s post was specifically about the iPad forecasts. Please, see Paul Hewitt’s comment, and keep in mind … Continue reading

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Wall Street analysts’s view is too short term.

They are incapable of forecasting a revolution. And that includes Jason Ruspini. UPDATE: – Keep in mind that, at inception, Apple also underestimated the iPad numbers. They had to ramp up production, later on. – See Paul Hewitt’s comment, below.

Posted in Analysis (Accuracy & Precision), Business, Finance, Financial Markets, Forecasting (Science & Practice), Inventions & Innovations, Prediction Post-Mortem | Tagged , , , , , , , , , , , , , , | 1 Comment

“Don’t hold focus groups and ask people what they think.”

How Steve Jobs Took Apple From Near Bankruptcy To Billions In 13 Years.

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2010 –> IBM was granted 5,896 patents. –> Apple was granted 563 patents.

Apple represents the future of computing, while IBM is a paper tiger. There is a disconnect somewhere.

Posted in Information Technology, Inventions & Innovations | Tagged , , , , , , | 2 Comments

The story behind the meteoric rise of the ARM stock – [CHART]

Via Jason Ruspini: – Who killed the Intel microprocessor? – Apple to expand CPU design group beyond iPad A4.

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Steven Johnson on KickStarter – [VIDEO]

32:10 into

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U.S. futures regulators issued draft proposals to curb speculative trading in commodities, despite concerns that the regulators lack enough market data.

“The CFTC voted 4-1 Thursday to propose the trading curbs in more than two dozen commodities including oil, corn, soybeans and coffee.”

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Prediction markets are unable to accurately predict long-term outcomes, and they have poor records for accuracy and reliability, all of which are crucial for enterprise adoption.

Paul Hewitt: – How far in advance can prediction markets make accurate predictions? – How will we know the point in time when a prediction is ‘accurate’? – Why are there wildly different predictions of the same outcome in different … Continue reading

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Steve Wozniak looks forward to the iPhone 4G LTE. – [VIDEO]

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