What Sotheby’s Tells Us About the Art Market

Jul 15, 2019

Sotheby’s, the world-famous auction house, is feeling the reverberations of its $3.7 billion sale to a French-Israeli investor in mid-June, as organizational changes take shape. The acquisition has caused waves throughout the art world because it is synonymous with the company’s privatization....

UAE Attracts AI Investment Due to Flexibility
Jun 18, 2019

UAE Attracts AI Investment Due to Flexibility

Are Humans and Machines at War?
Jun 13, 2019

Are Humans and Machines at War?

Kuwait Is Risking a Catastrophic Drop in Foreign Investment
May 30, 2019

Kuwait Is Risking a Catastrophic Drop in Foreign Investment

Elon Musk’s Boring Company Wins a Jackpot in Las Vegas

Elon Musk’s Boring Company Wins a Jackpot in Las Vegas

May 29, 2019

Hyperreal hero Elon Musk has seduced the ultimate hyperreal city: Las Vegas. Wired magazine reveals that our favorite hyperreal hero, Elon Musk, has snagged for his ultra-hyperreal enterprise, the Boring Company, its first paying customer: Las Vegas, a city specialized in hyperreality. The...

For the Win: Using Connected Strategies to Gain a Competitive Advantage

For the Win: Using Connected Strategies to Gain a Competitive Advantage

May 26, 2019

In their new book, Wharton’s Nicolaj Siggelkow and Christian Terwiesch explain how a “connected strategy” helps businesses create more value for themselves and their customers. In an increasingly competitive marketplace, it’s no longer good enough for a company to sell a product through...

Will Agricultural Technology Keep Food on Our Plates?

Will Agricultural Technology Keep Food on Our Plates?

May 22, 2019

When it comes to agricultural technology, business opportunity is filling the void left by political inertia. Last month, Extinction Rebellion activists around the world triggered days of protests to end what they call criminal inaction by the world’s governments on climate and ecological...

Berkshire’s Charlie Munger Explains US Culture

Berkshire’s Charlie Munger Explains US Culture

May 20, 2019

The US media uncritically celebrate the wealthy and suppose that their every thought may be a pearl of wisdom. The Daily Devil’s Dictionary explains.  Interviewed in the wake of the Berkshire Hathaway annual meeting by journalist Andy Serwer of Yahoo Finance, Warren Buffett’s alter ego and...

Is It Time to Break Up Facebook?

Is It Time to Break Up Facebook?

May 16, 2019

When a co-founder of Facebook signals abusive overreach by CEO Mark Zuckerberg, it’s time to recognize that the problem isn’t just a person, but a system and a culture.  Former Facebook employee and best-selling author Antonio García Martínez has penned an article for Wired to second the...

China’s Electric Vehicle Market: A Storm of Competition Is Coming

China’s Electric Vehicle Market: A Storm of Competition Is Coming

May 12, 2019

China is the world’s biggest market for electric vehicles — and conditions are ripe for a shakeout. China’s booming electric vehicle industry is headed for some tough price competition followed by a shakeout, according to experts. The competitive landscape for China’s EV market is...

Buffett, Munger and Gates Share Their Wisdom

Buffett, Munger and Gates Share Their Wisdom

May 08, 2019

Can celebrity billionaires be guilty of impoverished thought? Berkshire Hathaway’s annual meeting has provided a media platform to see whether that’s true. Warren Buffett, the "Oracle of Omaha," whose wisdom everyone with the ambition to be one day worth $80 billion listens to attentively,...

Elon Musk’s Proposed Merger Remains a Mystery

Elon Musk’s Proposed Merger Remains a Mystery

Apr 25, 2019

The Daily Devil’s Dictionary can always count on Elon Musk to provide it with new material. As a hyperreal celebrity with amazingly deep pockets, Musk has the rare privilege of being in a position to play games with ideas, language and even the law, in an exceptionally creative way. At least to...

Should Big Tech Companies Be Free to Conquer the World?

Should Big Tech Companies Be Free to Conquer the World?

Apr 05, 2019

Monopolist capitalism in the era of digital control reassures some and frightens others. Can it be controlled? After reformers, including Democratic presidential candidate Elizabeth Warren, called for laws to break up the monopolies of big tech companies such as Google, Facebook and Amazon, the...

Saudi Aramco Is the World’s Most Profitable Company

Saudi Aramco Is the World’s Most Profitable Company

Apr 02, 2019

For those who don’t understand why it’s essential to have money before you can make money, the case of Saudi Aramco demonstrates the underlying logic of the free-market system. For more than a year, Riyadh has been toying with the idea of going public with its wholly-owned petroleum company,...

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