Cloud Computing

  • What is happening with cloud computing at large is to think about what the total spend in technology today is, it’s around 5% of GDP. On a secular basis, I think it’s going to be 10% which is going to double in the next 10 years. And that’s because every industry, whether it’s in retail, whether it’s in healthcare, whether it’s in manufacturing, they’re all being transformed by digital technology and this technology stack we have and the platform approach Microsoft has, means we will be able to participate in that 10% on the doubling of tech spend, but more importantly, really helping the global economy grow because of digital technology. And that’s what I think is the way to think about our opportunity.” Microsoft CEO
  • Sometimes it is about thinking about the big picture runway. Microsoft (MSFT) have a long one in front of them.

VC Investing by Sector

  • Interesting chart showing year on year change in Venture Capital investing by sector in Europe 2019 vs. 2018.
  • This is useful to track for equity market investors – it shows you where capital is being added.
  • Fintech, Enterprise Software and Energy are top additions, while Fashion, Home living and Transport seeing less money going in.

Online Ad Targeting

  • Two years ago Apple introduced Intelligent Tracking Prevention for Safari browser in mobile and desktop.
  • This meant that advertisers lost the ability to target ads on Safari.
  • It has been remarkably successful – the cost of reaching Safari users has fallen 60% in the last two years, while other browsers have risen.
  • That is a huge change in the landscape especially in mobile where Safari market share is 53% and tend to be higher value eyeballs.

Air Pollution

  • Great post showing how air pollution is detrimental to intelligence.
  • Chess players make more mistakes on polluted days: We find that an increase of 10 µg/m³ raises the probability of making an error by 1.5 percentage points, and increases the magnitude of the errors by 9.4%.
  • World Bank air pollution data can be found here.
  • Interestingly pollution has been declining, but 45% of the global population is still exposed to levels above those recommended by WHO.

Brunello Cucinelli

  • Interesting article about the “cashmere king”, who, over 40 years, built the business that bears his name from nothing.
  • His company doesn’t allow any emails after 17:30 among many other interesting ideas about how a business should be run.
  • Those who come to me and say, “You know, I work 15 hours a day,” I say, “I am not interested.” I am interested in the quality of working hours, not the quantity. The brain of the human being. Do you think that during the first five hours of the day you are the same as you are in the last five hours? No way. You’re tired, and if you’re tired, you stop listening, and the decisions you make are risky.
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