35 Matching Annotations
  1. May 2021
    1. The spec is shown to the customer

      Does this assume functional specs are shared with customers? Is the goal to deliver a piece of software for a customer? Or to figure out what the heck you're building? (Like a startup!)

  2. Apr 2021
    1. • Edition One: Bill Brewster

      Read!

    2. Influence by Cialdini will make you a lot of money.  So will You Can be a Stock Market Genius.  Poor Charlies Almanack is excellent as well. 

      Book recommendations!

  3. Jan 2021
    1. For every criterion met (noted below), one point is awarded; otherwise, no points are awarded. The points are then added up to determine the best value stocks.

      Doesn't factor in the extent to which factors have changed. Good for quick screen, but MUST be studied in detail later.

    1. Ok, one last try. I track down Yeezy Headquarters on Google Maps, find the phone number of some offices nearby and start dialing.

      wow!

    1. The demand for Ansys’ products is not tied to production, but to R&D, and R&D projects are typically multi-year initiatives.

      more resilient demand

  4. Dec 2020
    1. Money Market Accounts vs. Four Alternatives

    2. The interest rates on money market accounts are variable, so they rise or fall with inflation.

      Aha!

    1. (And if you’re thinking “but it’ll take much longer when you account for the inevitable debate about what actually happened!” then there’s an answer for that too.)

      We recommend that you give in when a direct argues or gets defensive. Don’t get drawn into a discussion about what happened. That’s unrelated to the future you want to focus on.

      Once you’ve given the feedback and the direct has pushed back, pause, smile, apologize, and walk away. You’ve made your point.

  5. Nov 2020
    1. any argument that a stock was too expensive led to the 'wrong' investment decision being made over the past 5yrs+ as prices kept going up.

      The turkey keeps growing steadily for 1000 days, until it's killed on Day 1001. (Read Nassim Taleb's Antifragile)

    2. Inside the Rope with David Clark
    1. It's one of the standard career paths of trustafarians to start some vaguely benevolent business. The problem with most of them is that they either have a bogus political agenda or are feebly executed.

      Wow, what a teardown! I wonder if part of this description fits the manner in which I conduct my affairs? 🤔

  6. Oct 2020
    1. So if you submitted a long-form piece that took half an hour to read, there would still be time for someone to read the entire thing and upvote; you had shot at the front page.

      That makes complete sense; Reddits vote mechanism discourages long-form reading

    1. more companies are adopting a new business model that applies the principle of the triple bottom line of profit, people and planet.  

      driven by pressure from consumers

    1. Streamlining customer orders and using predictive analytics on those transactions enables food manufacturers to be more agile in scheduling production.

      ... thereby reducing the time it takes for changes in consumer demand to make their way through manufacturers, to the producers (farmers)

    1. Hormel Foods’ manager of external communications and corporate responsibility, says, “We strictly enforce suspension of any supplier not in accordance with such policies.

      CPG's put pressure on suppliers to conform with sustainability standards they set

    2. the pressure to reduce environmental impact is coming from all angles

      Consumers are insisting on sustainable farming practices, putting pressure on CPG firms to comply.

    1. Or perhaps you're there because you want good grades so you can acquire lots of money and power which you will use to fight dragons.

      read

    1. Fannie and Freddie have a lot of debt, and the government doesn’t want to consolidate it on their balance sheet

      hence why it doesn't show up on the government's balance sheet. Instead, they keep it on Fannie Mae and Freddie Mac's

    2. (They did the prudent thing here and hedged their interest rate risk, so they were really speculating on the creditworthiness of borrowers. But that’s a lot of speculation!)

      Don't understand this bit at all

    3. agency bond owners who care about duration (that’s going to be all of them, except the Fed) will dynamically hedge their duration risk. If the duration of their portfolio falls, they’ll buy longer-duration securities to raise it, and vice-versa. There are many securities you could buy with long duration, but generally the simplest approach is to buy a security with zero credit risk, denominated in the same currency as whatever you’re hedging. i.e. to buy US treasuries.

      A hedge against duration risk, originating from the susceptibility of agency bonds owners to interest rate changes

    1. the Middle East and North Africa the trend has worsened considerably where the rates now stand at their highest point since the late 1990s

      trending downwards

    1. A long life, though, depends on healthy living, which in this case means building a business that doesn’t just produce differentiated content, but has an entire business model and integrated approach to match. The ultimate winners are the consumers that yes, pay for the content, but happily so, because it is something they value. There is room for plenty more.

      Gold! Can be used on a personal level as well to build "differentiation"

    1. For companies that would be already in the Earnest portfolio, they are typically small enough that changes in the top line of the total market don’t affect their short-term outlook.

      Great for diversifying away from large caps

  7. Jun 2020
    1. A lot of what we know in science is bound to change. That’s what makes science great, what makes it work

      That it's wrong? This makes no sense

  8. May 2020
    1. wrote a computer program that generated phrases randomly while preserving the positions of individual letters that happened to be correctly placed (in effect, selecting for phrases more like Hamlet's)

      How this has anything to do with the topic at hand is beyond me. Wrote a computer program that preserved the correct sequence (instead of generating it from scratch each time?)

      This is basic probability! It has nothing to do with the argument for/against creationism

      I was hoping for a more well developed retort to this point.

    2. even if life on Earth turned out to have a nonevolutionary origin (for instance, if aliens introduced the first cells billions of years ago), evolution since then would be robustly confirmed by countless microevolutionary and macroevolutionary studies.

      How is creationism different from "aliens" introducing life? This becomes more a question of "who" introduced life vs how life was introduced.

    3. The origin of life remains very much a mystery, but biochemists have learned about how primitive nucleic acids, amino acids and other building blocks of life could have formed and organized themselves into self-replicating, self-sustaining units, laying the foundation for cellular biochemistry. Astrochemical analyses hint that quantities of these compounds might have originated in space and fallen to Earth in comets, a scenario that may solve the problem of how those constituents arose under the conditions that prevailed when our planet was young.

      This sounds incredulous. The possibility of such a circumstance resulting in life is infinitesimally small.

    4. Some antievolution authors have published papers in serious journals. Those papers, however, rarely attack evolution directly or advance creationist arguments; at best, they identify certain evolutionary problems as unsolved and difficult (which no one disputes)

      What holes are these, that remain to be filled? What coverage is required in order for a hypothesis to graduate into a "theory"? 50%? More? Less?

    5. the idea of falsifiability as the defining characteristic of science originated with philosopher Karl Popper

      Science is true until "proven" false?

    6. The historical nature of macroevolutionary study involves inference from fossils and DNA rather than direct observation.

      Macroevolution is built on "indirect observations"

    7. The absence of direct observation does not make physicists' conclusions less certain.

      Shouldn't it, though? What's to say there isn't an alternative explanation that fits the same pseudo-observations better.

    1. Newton had a great time for a long time with his description [of gravity], and then at some point it was clear that that description was fraying at the edges, and then Einstein offered a more complete version

      Newton's laws succumbed to fault. Perhaps Einstein's would too? There's nothing wrong with taking a scientific approach to life when you're eternal; you can take your time finding the truth. Seeing as we're not, you cannot be certain that you aren't stuck in some local maxima, only to have your belief supplanted centuries later.