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Platformonomics TGIF #120: March 13, 2026
Platformonomics TGIF is a weekly roll-up of links, comments on those links, and perhaps a little too much tugging on my favorite threads. Get Platformonomics Updates By Email No newsletter next week. Try to amuse yourselves. News Oracle “Beats”: Q3 FY26 Oracle “beat” the number this quarter and Wall Street sent the stock upwards almost…
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Or Maybe Your Model Leaves Something to be Desired…
From last week’s WSJ (requires a paid subscription for now, pending Rupert’s next move): “Wednesday is the type of day people will remember in quant-land for a very long time,” said Mr. Rothman, a University of Chicago Ph.D. who ran a quantitative fund before joining Lehman Brothers. “Events that models only predicted would happen once…
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Christopher Hitchens on Harry Potter
Today’s New York Times Book Review has Christopher Hitchens weighing in on the latest Harry Potter book as only Hitchens can. Hilter, Stalin, George Orwell, Eton, Sir Oswald Mosley, Tom Brown, Kipling, Shakespeare, Beowulf, Latin incantations, “his holiness the pope”, Kantian, Russellian, Manichean, Gestapo, gulag, George W. Bush, anti-Semitism, Perry Mason, Ian Fleming, Walter Bagehot and Arthur…
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Fake Steve Unmasked – A Nation Mourns
It was bound to happen eventually Dan. I had you pegged but have to admit my theory included a west coast co-conspirator. Please sustain it even if all the ‘tards now know your name. And don’t let Forbes.com split every post across ten pages as they are wont to do…
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The IBM LBO Continues…
[From last week’s IBM earnings announcement] Revenue up $1.8 billion for the quarter. Hard to tell what organic growth was but probably very low single digits. Repurchased $14.6 billion in stock and the number of outstanding shares down over 6% in the quarter. Debt to fund the buyback up $12 billion in the last six months (up…
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It’s the Balance of Profits, Stupid
More fodder for the irrelevance of trade deficit figures in a piece by Hal Varian in the New York Times via a reader of Greg Mankiw’s blog (whew!) on the contributions of various countries involved in the manufacture of the iPod and the associated accounting in the trade statistics:I found this article by Hal Varian, and a sentence…