THEY MET AT a book party, and at first Anthony thought they had no reason to talk and nothing much to talk about. My wife is basically pushing me toward this dude, whos probably 60, a finance guy I dont know from nobody, Anthony says. His wife, La La, a noted media personality, knew Goldfarb from a boxing gym where they both worked out. Goldfarb had joined the gym to train for a charity fight, and La La had become his workout partner, his motivator and a friend. Youll like him, she insisted.

After a few minutes of conversation, Anthony did like him, and he recognized in Goldfarb some of the characteristics he wanted for himself: an easy self-assurance, a clear vision and the confidence of a man whose legacy was already built. Anthony started inviting Goldfarb over to his house after games, and he offered him wine and drew out the details of his biography. Goldfarb had been the CEO of Bertelsmann Direct North America, a marketer of music, movies and books with billions in annual revenue. He had also directed worldwide business development for NBC, but he was now mostly retired, serving on a few boards and mentoring some younger investors and media businessmen.

What do you want to do long-term? Goldfarb asked Anthony one night, already sensing his restlessness. Anthony started listing his interests: wine, cigars, clothing, art. The high-end stuff, Anthony said.

Youre forgetting one, Goldfarb said. What about tech?

Youre right, Anthony said, because he always has been a self-described gadget freak, traveling on road trips with two iPads and three pairs of headphones. He likes to watch infomercials into the early morning, ordering whichever gadgets interest him and testing them out for a week before giving them away to friends. He told Goldfarb about a GPS monitoring device he wears regularly between his shoulder blades during Knicks practices, made by a company called Catapult. The device measures his acceleration, agility and force.

This could be a real opportunity for you, Goldfarb said. There could be some interesting investments here. You have a great Rolodex. Youve got connections. You can open doors other people cant.

When the Knicks 2013-14 season ended, a disappointing 37-45 campaign, Goldfarb and Anthony flew together to LA and San Francisco to meet with tech companies and venture capitalists so Anthony could learn more about business. Hes intuitive and effective in ways that are surprising to some people, Goldfarb says. Hes quiet, but when he says something its almost always on point. Goldfarb showed Anthony how to look for key phrases in business plans. He sent him links to tech blogs. When they returned to New York, they scheduled three or four informational meetings each day with tech entrepreneurs. Anthony would work out from 8 to 11:30 am and then come to his office for the meetings.

Stu has the experience, the connections and the real business know-how, Anthony says.

Carmelo has a good creative sense, a lot of influence and really, really big dreams for himself, Goldfarb says.

Before the summer ended, Anthony and Goldfarb agreed to formalize their partnership. They would identify promising tech startups together, splitting the investments fifty-fifty. Anthony had chosen tech to be his passion, but he didnt want to invent his own products or necessarily become an adviser to certain companies. Instead, he and Goldfarb agreed that their primary goal would simply be to invest money and make a profit, hopefully enough to show that what were doing here is a huge success, Anthony says.

They named the company M7 Tech Partners, although Anthony sometimes refers to it as something else: Stage two.



I’m writing a new textbook on introductory statistics, and I decided to include an example based on Paul Zak‘s intriguing work on the role of the hormone oxytocin in trust between strangers. In particular, I started looking at his 2005 paper in Nature. Yes, Nature, one of the top science journals. A journal with an impact factor of about 38, and a rejection rate probably fairly close to 100%. It’s a journal you’d expect published pretty decent stuff and subjects articles to fairly rigorous scrutiny.

Before I begin, I have no axe to grind here with anyone. I just want to comment on some stuff I found and leave everyone else to do what they like with that information. I have no doubt Dr. Zak has done a lot of other work on which he bases his theory, I’m not trying to undermine that work, I’m more wanting to make a point about the state of the top journals in science. All my code here is for R.

The data I was looking at relates to an experiment in which participants were asked to invest money in a trustee (a stranger). If they invested, then the total funds for the investor and trustee increased. If the trustee shares the proceeds then both players end up better off, but if the trustee does not repay the investors' trust by splitting the fund then the trustee ends up better off and the investor worse off.  The question is, will investors trust the trustees to split the funds? If they do then they will invest, if not they won't. Critically, one group of investors were exposed to exogenous oxytocin (N = 29), whereas a placebo group were not (N = 29). The oxytocin group invested significantly more than the placebo control group suggesting that oxytocin had causally influenced their levels of trust in the trustee. This is the sort of finding that the media loves.

Read full original article: Perhaps my oxytocin was low when I read this paper.



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 2014 “FXStreet. The Forex Market” All Rights Reserved. Every effort is made to provide accurate and complete information. However, with the thousands of documents available, often uploaded within short deadlines, we cannot guarantee that there will be no errors. Any republication or redistribution of FXStreet content is expressly prohibited without the prior written consent of FXStreet.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.