INTERESTING: Seven thought-provoking questions you will ask at the end of your life | Impact Lab

Tuesday, March 19, 2013

Seven thought-provoking questions you will ask at the end of your life | Impact Lab: “1.  Am I proud of how I lived?”

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Easy one!

Sure, I never deliberately hurt anyone. I think I lived up to the expectations I set for myself. Met my promises head on. 

Could I have done more and better. Absotively!

Am I mad at myself for not do so? Yup!

Regrets? Doesn’t everyone?

Sigh!

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MONEY: 12 Cognitive Biases That Endanger Investors

Tuesday, March 19, 2013

Good thing I have a team. Otherwise, I’d be sitting, guarding my “pirate’s chest” of gold coins. I don’t know what bias being a Gold Bug is, but I have it bad. The thieves in DC are robbing us poor folk blind. And, what’s worse, folks are clueless. Argh!

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12 Cognitive Biases That Endanger Investors: “

Before Todd Harrison created Minyanville, he was an options trader at Morgan Stanley, eventually becoming President of Cramer Berkowitz, where he toiled as head trader at Jim Cramer’s hedge fund.

Todd has an excellent analysis of the various biases that endanger investors.

Here is the full list:

1. Confirmation Bias
2. In-Group Bias
3. Gambler’s Fallacy
4. Post-Purchase Rationalization
5. Neglecting Probability
6. Observational Selection Bias
7. Status-Quo Bias
8. Negativity Bias
9. Bandwagon Effect
10. Projection Bias
11. The Current Moment Bias
12. Anchoring Effect

Check out his explanation and descriptions here.

 

 

Source:
12 Cognitive Biases That Endanger Investors
Todd Harrison
Minyanville January 17, 2013
http://www.minyanville.com/special-features/random-thoughts/articles/12-Cognitive-Biases-that-Endanger-Investors/1/17/2013/id/47441

(Via The Big Picture.)

 

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SOFTWARE: Google changes CHROME and makes me reconsider that too

Monday, March 18, 2013

When Google nuked GREADER, it also took the extension that supports RSS feeds out of CHROME.

Now, I’m rethinking EVERYTHING I do with GOOGLE.

Argh!

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SOFTWARE: Keeping the site up, listening and adding new features. | Building Feedly

Monday, March 18, 2013

Have to move from Google Reader. Argh! Change is never fun. And, why should we ever trust Google again. 

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Priorities: Keeping the site up, listening and adding new features. | Building Feedly: “Building Feedly Re-imagine how people keep in touch with their favorite sites.

SearchMain menu Skip to primary content Skip to secondary content Post navigation← Previous Priorities: Keeping the site up, listening and adding new features. Posted on March 15, 2013 by @feedly More than 500,000 Google Reader users have joined the feedly community over the last 48 hours. We love passionate readers. Welcome on board.

Our main priorities over the next 30 days are 1) to keep the service up, 2) listen to new users for suggestions and 3) add features weekly.

To keep the service up, we 10x our bandwidth and added new servers.

For new features, we are listening actively to our new uservoice forum and will be pushing out new releases on a weekly basis. Be vocal: we love candid feedback.

Note 1: Here are some tips on how to make feedly less pretty and more functional.

Note 2: If you are a Google Reader, give feedly a try before July 1st, and you will be able to migrate seamlesly: Feedly for i”

(Via.)

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RANT: don’t have a good place to put this!

Sunday, March 17, 2013

“Think about the last time you met someone new. What did you think of them? What did you tell yourself about what they thought of you?”

This is a tough one.

I don’t usually care what folks think of me.

Egotistical?

Yes.

Sadly, I’m a very shallow person. I only care what I think!

FOr example, there are two parents in a local dive with their two young children.

One younger girl and one slightly older boy.

“Celebrating” saint patricks DAY, with green face paint and hats.

Why do I feel that this is NOT what saint pat would want?

When I read all the jokes about the Irish, facebook posts, and assorted stuff, I think “pioneer society”.

Padriac, I am thinking of you.

I wonder if I’d have been better off following in your footsteps / example.

We’ll ever know.

I have this vision of hitting Saint Pete’s Gate and finding out what could have been?

Argh!

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IPAD: can’t interact with contacts from gmail client

Sunday, March 17, 2013

Interesting.

From the natve GMAIL client on the IPAD, I can’t figure out how to save a contact.

Argh!

AND, it apparently doesn’t support the native IOS address book.

I am really getting tired of having to maintain addresses.

Plaxo had promise but all they wanted was to spam, charge, and interfere.

Maybe I should write an X500 directory service.

LinkedIn, Facebook, and everyone else has a different agenda.

I just want one synced address book!

Argh!

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TECHNOLOGY: Computers … …

Sunday, March 17, 2013

Here’s a great quote to inspire you to write:

“To err is human, but to really foul things up you need a computer.” – Paul Ehrlich

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As a corollary of this, I came up with the idea of “negative progress”! I can screw up more in a wasted effort than any profess that I can make on a good day. 

seems so obvious to me, other than the concept of checkpoints, where one can fall back to a previously know good state, that one can actually “destroy” progress.

Given enough time, I am sure I can come up with examples, but who cares?

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SOFTWARE: Googles RSS Subscription Extension, Removed From Chrome Web Store

Saturday, March 16, 2013

a reason to abandon Chrome?

 

 

Google’s RSS Subscription Extension, Removed From Chrome Web Store: “Three years ago I tried to convince the Chrome team that it makes sense to add native support to feeds. At that time, Google built an extension that showed feed previews and allowed you to subscribe to feeds. The explanation for building an extension instead of implementing the feature in Chrome was simple:

‘This decision was made based on our philosophy of trying to limit ourselves to adding only the UI features that a vast majority of users need and allow each user to customize the browsers to fit their needs with Extensions. Given that most people are not familiar with and don’t consume RSS feeds, we thought that RSS support would be a better fit as an extension, at least to begin with.’

In 5 months, more than 300,000 people installed the extension. More than 1,600 people starred a feature request for implementing RSS detection natively. Chrome still doesn’t have this feature and the extension released in 2010 has been removed from the Chrome Web Store a few days ago. The issue is that the extension used Google Reader to preview feeds and Google Reader will be discontinued in July.

‘RSS Subscription Extension’ had 869,743 users. Fortunately, it wasn’t the only extension for subscribing to feeds. Here’s another extensionbased on an old version of Google’s extension.

(Via Google Operating System.)


POLITICAL: Where do the Second and First Amendment intersect? A fat old white guy injineer wants to know.

Saturday, March 16, 2013

http://www.nraila.org/legislation/federal-legislation/2013/3/us-senate-judiciary-committee-passes-semi-auto-and-private-sales-bans.aspx

U.S. Senate Judiciary Committee Passes Semi-Auto and Private Sales Bans

Posted on March 15, 2013

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On March 12 and 14, the Senate Judiciary committee held two working sessions to deal with gun-related bills.

The result of those hearings was the passage of Sen. Charles Schumer’s (D-N.Y.) S. 374, the “Fix Gun Checks Act of 2013”–which would criminalize virtually all private firearm sales, even temporary transfers–and Sen. Dianne Feinstein’s (D-Calif.) S. 150, the “Assault Weapons Ban of 2013.”

Both of these bills pose a direct threat to our Second Amendment rights and both were passed on party-line votes, with committee Democrats supporting the bills and all Republicans voting no.

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Respectfully, let’s apply these restrictions to the “First Amendment”?

You can blog, xerox, or anything else.

DO you think this is what the Dead Old White Guys had in mind?

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ECONOMICS: Why is the taxpayer the “bank” for the Bankers?

Saturday, March 16, 2013

http://www.bloomberg.com/news/2013-03-15/why-we-should-rip-the-banks-in-two.html

Why We Should Rip the Banks in Two

Equity-capital ratios in the range of 20 percent to 30 percent would make banks safer, so you’d expect the return on bank equity to fall. That’s a feature not a bug. Bankers who have been feasting on profits from excessive risk-taking will see their pay fall too. Count that as a further benefit. It might do a little something to slow the 30-year trend toward greater income inequality.

Bankers might call these proposals radical, but in fact they’re moderate. The structure of the banking system wouldn’t change. Banks would still operate two essentially different businesses: selling short-term debt and making loans. The potential for a mismatch would remain. More capital would certainly help, and taxpayers would be less on the hook, but the risk of bank failure wouldn’t disappear. The same goes for making banks smaller, so that more of them could be left to fail on their own. It would help, but it doesn’t address the underlying problem.

There’s a way to do that. Divide the banking business in two. Deposit-takers don’t have to be credit-creators — they can be told to hold entirely safe assets. Credit-creators don’t need to take deposits — they can fund their operations by borrowing in financial markets. As renowned Yale economist James Tobin once said, “The linking of deposit money and commercial banking is an accident of history.” He and other thoughtful scholars have been discussing how to correct this “accident” for many years.

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Why does the taxpayer get stiffed?

That’s not supposed to be the way it works.

You fail; you go bankrupt.

I understand that we don’t want the poorest saving their pennies to be wiped out.

But they are being wiped out by inflation. Even the middle class is being screwed royally.

So why can’t we figure out a compromise?

“Crony capitalism”!

It’s the illusion of a “free market”. But it’s one where the politicians, lobbyists, and the “rich” can’t lose.

Kill the Federal Reserve. Andrew Jackson was ABSOLUTELY correct.

Restore GOLD as the basis for the monetary unit. (OK, if you don’t like gold, how about a loaf of bread, gallon of milk, barrel of oil? Or a basket of them?)

Economists are fond of mental experiments. Let’s try this one: “If money grew on trees, then it wouldn’t be very valuable.”

What is a dollar anyway?

Dammed if I know.

I know what it used to be.

Then Govenrments like Abe lincoln and FDR and … wanted to spend more than they dare take in in taxes.

Sorry!

I’d deny them the printing press and the debt window.’

Yeah, a road may need to be financed over it life. But our congress critters can’t be trusts.

Privatize everything!

Argh!

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