2017 a Financial Overview from Bloomberg

Bloomberg just did a great interactive piece covering 2017. There are some key points that stuck out to me:

More money went into startups in 2017 than any other year in history. SoftBank certainly led the way with huge investments in already established startups and Theranos receiving a huge end of year investment. 2017's total was $141.3 Billion invested in startups. 2016 investments paired with 2015 investments. In January of 2016 when I sat in on meetings at Battery Ventures, Sequoia Capital, and Greylock Partners they all said that they were getting back to basics on VC investments. Take it FWIW.

Hong Kong has the highest real estate prices in the world and they continued to climb while their unemplyment continued to dip to only 3.0% where Japan has 2.8% unemployment followed by the US and Isreal at 4.1%, United Kingdom at 4.3% and Germany at it's lowest level since reunification. Apollo Golbal raised 24.6 billion dollars for the largest fund ever.

Student Loans have now exceeded the total size of U.S. High yield corporate market. This is a catch 20/20. Education costs continue to rise so there should be a rise in student loans which has continiously risen since 2005. This also equates to more students in school which is a positive thing IMO. More education typically = better society right?

Art market continues to reach new highs. Salvator Mundi sells for a record $450.3 million dollars at auction. Price was actually 400 Million combined with a 50 million dollar auction house fee. Off the top of my head this was sold to the Louve in Abu Dhabi. The total cost to build this museum was less than the cost of the one painting. The naming rights however are even more than the cost to build the museum. So what is art? Is it a name and recognition? The most expensive piece of art in the world is the Mona Lisa. The auction house did a fantastic job marketing this as the second Mona Lisa and when you have a piece on display for the next 100 years and people flock at $60.000 a ticket to go and see the second Mona Lisa the return on investment and name that the 2nd Louve has made for itself tends to make sense.

Reference:

https://www.bloomberg.com/graphics/2017-year-in-money/

Q &A With Genius James Simons

A rare glimpse and talk with one of the worlds smartest men Jim Simons who started Renaissance Technologies which is the most successful hedge fund of all time. If you enjoy mathematics then you will appreciate this:

Those Cables Underneath the Ocean that provide Internet Are Improving

The myths and rumors you may hear about where there are cables underneath the ocean that provide internet service throughout the world are actually true. Cool story of the day is that Microsoft is improving it's efficiency: https://www.zdnet.com/article/microsofts-subsea-speed-monster-a-cable-16-million-times-faster-than-your-broadband/

Anything that requires a Database is good for Blockchain

Personal note to review in a decade. Anything that requires or is dependent on a central database is an excellent candidate to be disrupted by Blockchain technology. What industries will be transformed thanks to the ledger?

The Future of Tires

Michelin Tires has been working on Research & Development for 3D Printed tires. Since I have a background in this I found this particually cool. Very excited to see the future of tires and how it will disrupt the "Rim" industry and what new industries and jobs will be created when we have majority of tires being 3D printed vs. not. The only downside currently is the cost to make 3D printed tires as it will be a long time IMO when the cost of rubber tires exceeds the cost of 3D printed tires.

For reference and more information see this article:

https://www.engadget.com/2017/08/07/michelin-vision-biodegradable-3d-print-airless-tire/

Just be a good person - Richart Ruddie

Had one of the nicest compliments this past weekend. A new friend said "Chart do you know why I like you?"

"At the end of the day you're just a genuine person Richart Ruddie"

You're not looking for anything from anybody, you are just here to be happy and have a good time and if you can facilitate others to be happy as well then you do your part to ensure all others around you are happy.

I was telling a new friend as we shared a Lyft into the city about this interaction and he noted that it's great that you can showcase this without trying and others notice. In life I've blogged about making it and then mattering. I strive to reach a pinnacle and a second part of my life where I can matter in making the world a better place and helping to solve initaitves that really matter.

That is why I appreciate the Chan Zuckerberg initiative

"We want every child to grow up in a better world. Our hopes for the future center on two ideas: advancing human potential and promoting equality."

Use your power for good and be genuine and stop wanting something from everybody around you and then you will have found peace in yourself to grow as a human. 

Richart Ruddie in Binary Code

Richart Ruddie 

01010010 01101001 01100011 01101000 01100001 01110010 01110100 00100000 01010010 01110101 01100100 01100100

Richart Ruddie  Richart Ruddie  Richart Ruddie  Richart Ruddie  Richart Ruddie  Richart Ruddie  

Rich Ruddie in Binary Code

01010010 01101001 01100011 01101000 00100000 01010010 01110101 01100100 01100100 01101001 01100101

Rich Ruddie Rich Ruddie Rich Ruddie Rich Ruddie Rich Ruddie Rich

RichartRuddie

01010010 01101001 01100011 01101000 01100001 01110010 01110100 01010010 01110101 01100100 01100100 01101001 01100101

RichartRuddieRichartRuddieRichartRuddieRichartRuddieRichartRuddieRichartRuddieRichartRuddieRichartRuddieRichartRuddieRichartRuddieRichartRuddieRichartRuddie

Chart Ruddie

01000011 01101000 01100001 01110010 01110100 00100000 01010010 01110101 01100100 01100100 01101001 01100101

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Number of N Shaped figures formed from the set of points

What does Reddit Stand For?

A recent Reddit thread has some thoughts on what it would stand for if it did stand for something and here are some of the highlights:

Really

Efficient

Daily

Distraction

Internet

Tool

(R.E.D.D.I.T.) Reason Everybody Doesnt Do Important Tasks

Read Endless Debates Devoid of Intelligent Thought

Read Everyone's Dumb and Delightful Internet Thoughts

Really elaborate discussions discussing irrelevant topics

Revealing Everyone's Deepest Darkest Internet Thoughts

Redundant Extrapolations Deduced & Discussed by Internet Trolls

Read. Evaluate. Deliberate. Decide. Instigate. Troll.

 

I personally love the Troll comments.

Richart Ruddie - To Be Deeper With You

Ever have certain sayings that you want out of your vocabulary? Certain sayings may affect you negatively and you may not even notice it. For example saying "To be honest with you" might imply that you are not always being honest. Do you want to work with somebody who is not always honest? So I make a conscience effort to say something different and last night heard "To be deeper with you" as an alternative.

Other sayings to avoid: "I had a stressful day" avoid setting off these poisonous sayings that breed negativity and think positively.

-Richart Ruddie

Restaurant Tonight - It's Restaurant Roulette With Uber

Thank you for downloading Restaurant Tonight. Our application gives you the opportunity to play Restaurant Roulette to find a restaurant to eat at tonight and you get to ride there with the well known Uber application. Please provide your feedback, questions, or comments below and we will have a support representative reach out to you right away.

 

For those of you who have downloaded the application and given us great feedback I wanted to extend a special thank you. This is a really cool concept that takes the choice out of picking a place to eat dinner at tonight.

Follow the rest of my posts and entrepreneurial adventures here @ my Richart Ruddie Typepad Blog.