Reading note (09/20–09/23) A Twist in the U.S. Tariff Battle: 'It's Helping China Be More Competitive' China for years has been pushing its economy away from inexpensive exports toward advanced factories and products. That… www.wsj.com Chinese companies in the Pearl River Delta are moving low-skilled work to other places in Asia and are using more robots in their factories. “The U.S. tariffs are pushing China toward making the higher-end stuff. It’s helping China be more competitive down the road.” Antifragile: Things That Gain from Disorder (Incerto) Antifragile is a standalone book in Nassim Nicholas Taleb's landmark Incerto series, an investigation of opacity, luck… www.amazon.com Actionable takeaways from this book Expose your body to some stress (either physically or mentally) from time to time to make yourself stronger Look for opportunities that have great upside and limited downsides, even though the chance that the positive happens is l...
Reading note (09/24–09/30) How SiriusXM is dominating in the Spotify era On-demand music streaming services currently dominate listening time across the globe, with the two leading companies… www.digitaltrends.com SiriusXM is one of the only financially stable listening services on Earth. With over 32 million subscribers, the publicly traded company has seen steadily increasing share prices over the past decade, with a reliable profit stream and a total value of around $27 billion (Spotify 32B). As of 2015, 75 percent of all new vehicles had SiriusXM installed, many with a free trial period included. Many dealerships offer as much as a year of free SiriusXM with the purchase of a new car. Sirius has a wide variety of content. The United States’ Copyright Royalty Board voted to increase the payments from satellite radio services to 15.5 percent of revenue late in 2017, SiriusXM remains well below the rates that on-demand streaming services are forced to pay. By comparison...