TEVA starting to breath

TASE at this hour shows a 7% jump in TEVA stock. Its Danish manager is succeeding in resuscitating this lemon.  Eternal optimist, I still have TEVA - and am still losing 80% of its purchase price.

Hope is the thing with feathers (quoted by Woody Allen). 

AI finds its niche: Policing

Having downloaded IBM's online free AI service found no use for it in my work. It appears that AI is, most of all, a perfect policing instrument, able to detect irregular behaviours and predict potentially outliers. China is using it for facial recognition, the NASDAQ is applying it for market surveillance and discover non-pattern, salient trades. Basically, the technology is being used for policing large number of actors. The consequence will be immediate discovery of anomalies (ill.) and the immediate, certain punishment of deviant behaviors and in the end, total uniformity. The Chinese will find it perfectly normal, for us Jews it will be a challenge. 

Ingenious Chinese are finding ways to confound AI by adding two more eyes on the face and using invisible masks, we shall madden AI by creating infinitesimal disturbances at irregular (non random) frequencies in bourse statistics. 

Prosperity in Sight

"Wall Street hits record, boosted by trade and earnings optimism". The Iran clerics are humiliated, China forced to sign a trade accord with America, peace on Earth and rising prosperity. My saving have inflated to meaningless numbers and inexplicably I feel anxious and have difficulty to start working. I received five new projects, I have to reject the Mishor Adumim winery project (but I am postponing it because feel unable to say no). Maybe Chinese chochmes (cleverness) will rise my spirit.

Zhuangzi and Huizi were walking on the bank overlooking the river Hao, when the former said, ‘These fishes come out, and play about at their ease – that is the enjoyment of fishes.’ The other said, ‘You are not a fish; how do you know what is the enjoyment of fishes?’ Zhuangzi rejoined, ‘You are not I. How do you know that I do not know what constitutes the enjoyment of fishes?’

But I don't get the cleverness of the Chinese. 

The chances of Krach

Krach meant in my times and places - Crash, that is, a general stock exchange and commercial bankruptcy. Like in 1929, when cheap credit and inflation of stock prices led to a sudden loss of confidence and collapse. We are having today almost costless credit and very high stock and real estte prices. Should I start thinking on protecting my portfolio?


Japan had its Crash ten years ago and since then they exist in a silent state of deflation and depression. No one is starving. 

Wisconsin, A White Refuge

Wisconsin is one of the last American places with 95% White population. It also hold the record for alcohol consumption. Paradoxically, the antislavery movement and the Republican Party were born there. Throughout the 1850s Wisconsin was a leader in the abolition of slavery. Slaves passed through the Underground Railroad on their way to Canada. In 1854 Wisconsin abolitionists held meetings in a schoolhouse in Ripon, where they recommended forming a new political party called Republican. (Today the Little White Schoolhouse, which is claimed to be the birthplace of the Republican Party, is a museum and national landmark.) That same year the Wisconsin Supreme Court ruled that the Fugitive Slave Act was unconstitutional. 

Getting me used to the sound of Chinese

While working on my drawings, I hear Ray Coniff on YouTube. Lately, the music is interrupted and a Chinese love song is heard. Or the long play ends and the Chinese song follows. Why is YouTube forcing me to hear Chinese songs? Am I being trained like the Uyghurs that are being re-educated in Chinese language and culture, and are forced to sing Chinese songs? In China it was common to see somebody singing in the street, attracting public. I did not like their high falsetto. But the selection they are making me hear is passable. I wonder if Google is doing this for money, or it is psy war. 

TEVA returning to its roots

I lost a fortune because of TEVA's collapse. This was the only global Israeli company and it went broke because its "poison pill" strategy of assuming  debt to avoid being bought by Mylar, and lately for fines following its distribution of legal opioid drugs in America.

Desperate, the company decided to return to its roots in Israel and absorb local pharm startups. If it succeeds, TEVA's distribution power may cause a revolution in the local biotech startup scene.

I am looking again at Protalix, a local struggling firm. I know a chemical engineer who lost his savings investing in this startup and moved to the medical cannabis area. Protalix announced the exchange of $54.1 million principal amount of the Company’s outstanding 4.50% Senior Convertible Notes due 2018 for $40.2 million principal amount of newly issued 7.50% Senior Secured Convertible Notes due 2021 plus shares. It seems to me a bad omen  to recycle 4.5% with 7.5% which is usurious. I know nothing of other firms, only that six seven years ago I lost some money on them. May be this time.