The people who saw Rony Abovitz’s TEDxTalk in December 2012 never would have guessed that, less than two years later, Abovitz would collect more than $US500 million from some of the most respected investors in Silicon Valley. When Abovitz first told his younger sister, Mindy, what he planned to do onstage that day in Sarasota, Florida, she didn’t believe him. TED, a global conference organisation, hosts panels for people to share “Ideas Worth Spreading,” and what he wanted to do sounded too wild. “No,” she needled him. “You’re not doing that.” But Abovitz, the founder and CEO of a $US2 billion startup called Magic Leap, has never subscribed to conventional ideas about what is or isn’t possible, nor what should or shouldn’t be done. A few months later, Mindy and her mother flew to Sarasota to hear Rony talk. The conference invited him to speak as the cofounder of a successful medical-robotics company and as Magic … [Read more...] about GOOGLE’S $500 MILLION MAN: Meet The ‘Weird’ Guy Trying To Invent A New Computing Platform
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Published July 03, 2018 Markets Motley Fool Facebook Twitter Comments Print As part of the Dodd-Frank financial reforms in the aftermath of the 2008 financial crisis, the largest banking institutions in the United States are subject to annual stress tests. Not only do these tests measure how a bank would fare in a hypothetical downturn, but they also determine how much each bank can spend on dividends and buybacks over the next 12 months. In this episode of Industry Focus: Financials, host Shannon Jones and Fool.com contributor Matthew Frankel give a rundown of what investors need to know about this year's bank stress tests. Continue Reading Below A full transcript follows the video. 10 stocks we like better than WalmartWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, the Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they … [Read more...] about The 2018 Bank Stress Tests: What Investors Need to Know
Kyrie Irving, the point guard for the Boston Celtics, is a dazzling basketball player, one of the best in the world. On this, there is very little debate — and certainly not from me, a lifelong Celtics fan. His ability to creatively dribble the basketball is so singular that The Boston Globe found last year that video game makers had trouble duplicating it. He can handle the ball, but can he act? Irving is about to have a very different skill tested for a mass audience: He is the star of the coming feature film and branding vehicle, “Uncle Drew,” based on a series of viral commercials that Pepsi developed in 2012 and that Irving wrote and directed. He plays a virtually unrecognizable senior citizen who used to be a street basketball legend. Tiffany Haddish, Nick Kroll and Lil Rel Howery also star, along with other basketball luminaries like Shaquille O’Neal, Reggie Miller and Chris Webber. The film is due June 29. Irving, a West Orange, New Jersey, native, is … [Read more...] about Kyrie Irving doesn’t know if the Earth is round or flat. He does want to discuss it.
Published April 30, 2018 Markets Motley Fool Facebook Twitter Comments Print For this episode of Motley Fool Answers, Robert Brokamp and Alison Southwick wanted to consider one of the biggest macroeconomic dangers facing Americans today: the full-blown trade war President Trump seems determined to heat up with China. To help, they brought in an outside expert: Scott Kennedy, the director of the Project on Chinese Business and Political Economy for the Center for Strategic and International Studies -- a nonpartisan, foreign-policy think tank. He digs into the history of U.S. economic protectionism and the causes of today's trade deficit, lays out some real facts -- in contrast to what you might have read on certain Twitter feeds -- and considers the recent changes in Chinese politics and policy that brought us to this point. He also talks about what consumers and investors should expect and the ways we're going to pay the price for this conflict. But first, … [Read more...] about Trade Wars — 2 Empires Strike Back: What You Need to Know as the U.S.-China Conflict Heats Up
Silicon Valley billionaire Chamath Palihapitiya, dressed in slim-fit ripped jeans and a caramel-smooth leather jacket, drops four pills out of a small ziplock bag: aspirin, cod liver oil, Lipitor, and vitamin D. The pills are his daily wellness cocktail, created in consultation with California’s very best doctors. But the doctors are not collaborators. Rather, they’re inputs in an A/B test of Palihapitiya’s design. He visits his doctors independently and then pits them against one another; when they disagree, the 41-year-old gets them on the phone to debate. With one gulp of water, he knocks back the full dose. Palihapitiya, cofounder and CEO of venture capital firm Social Capital, has catapulted himself from a childhood on welfare to Gulfstream-level wealth by learning to take nothing for granted—especially not conventional wisdom or expert advice. Not coincidentally, he is also, colleagues and friends say, one of the most aggressively quantitative … [Read more...] about Social Capital’s Chamath Palihapitiya Wants To Fix Capitalism