This reminds me of the old “Jetsons” cartoon, except the car isn’t flying. Then again, were the Jetsons flying cars autonomous? Nevertheless, it seems like we are not far that far off from autonomous vehicles.

Tip: if you are graduating from high school anytime soon, and wish to be a taxi, bus, or truck driver, think about doing something else. Perhaps an engineering or computer science degree. Or, consider a vocational school the specializes in repairing these high tech vehicles.

Also, for all the uber and lyft drivers: be aware that when (not if) profit margins on autonomous vehicles exceeds that of uber/lyft paying you, uber/lyft will replace you with a robot. Save up now.

-Dr. Moore

Waymo’s Self-Driving Cars Are Near: Meet the Teen Who Rides One Every Day
https://www.bloomberg.com/news/features/2018-07-31/inside-the-life-of-waymo-s-driverless-test-family

Speaking of education, I wish LeBron and this school well. The way things are going, more efforts like this are needed.

LA-Bound LeBron James Opens School in Akron
https://www.bloomberg.com/news/articles/2018-07-30/la-bound-lebron-opens-school-in-akron-as-part-of-legacy

I wonder how many people who voted for the current administration (and those who did not vote at all) will be impacted should this legislation pass? At least the administration appears consistent: consistently disregarding families, education, math, science, diplomacy, the environment, their own supporters, etc.

SMH

This too shall pass…

HUD’s Public Housing Plan Would Hit Poorest Kids the Hardest
https://www.bloomberg.com/view/articles/2018-07-30/hud-s-public-housing-reforms-shouldn-t-target-the-poorest-kids

During my doctoral studies I was told “no published trading strategy produces excess risk-adjusted returns.” Notice the two highlighted words: “published” and “risk-adjusted.” The first thought that came to mind when reading this article was “if this ‘strategy’ is so great, why are they telling me? Why aren’t they just printing money in private?”

As I read the article, I did not see any mention of risk. Another consideration is the time frame of ‘strategy’ profitability. A strategy that was profitable the past 10 years, then published, is not guaranteed to be profitable the next 10 years.

Keep these three things in mind when someone tells you about a “can’t lose” or “market beating” strategy:

(1) Why are you telling me this and not making money on your own in private? You should lever up and execute this strategy from your yacht in the Caribbean instead of wasting time and money talking to me.

(2) What about risk-adjusted returns?

(3) How do you know this strategy will work in the future? /How do you know the future?

Be aware.

Hate ETFs? Quants Say They Found Anomaly to Profit on Their Flows
https://www.bloomberg.com/news/articles/2018-07-19/hate-etfs-quants-say-they-found-anomaly-to-trade-against-flows