Here is the 10th conversation I had with money manager Andrew Horowitz…. new insights for anyone who invests in anything. What to do? This chat is not produced and is presented as-is for anyone who wants to listen in. We discuss Apple’s responsibility regarding Steve Jobs.
For Kindle and with free ePub version. Only $9.49 Great reading.
Here is what Gary Shapiro CEO of the Consumer Electronics Association (CEA) said: Dvorak's writing sings with insight and clarity. Whether or not you agree with John's views, he will get you thinking and is never boring. These essays are worth the read!
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Averages are wonderful things IF they are AVERAGE.
Take 99 persons making $1 and 1 person making $100..NOW divide by 100.
In TRUE averaging, if you take 10% off the top, and 10% off the bottom, the AVERAGE should be ABOUT the same.
try it with the cost of living, the cost of goods..
Imports.
WHERE is the quality of goods and products.
It says PANASONIC on it, and its OVER PRICED and doesnt have the FEATURES..I buy CHEAP products and MANY LAST and have features like DIVX..Phillips sells a DVD player with NICE features, CHEAP but it only lasts 1 year.
Love corps that take our money with inflated prices, and they GIVE to charity, and IT WAS OUR MONEY. THEY get the charity credit, and the lower classes CANT GIVE..
I like the Spread sheet article and the jokes.
I have been influenced by Herbert Simon (1916-2001) and his work on decision making and AI.
With complex data there is bound rationality anyway — CEOs and CFOs will only ever understand what they are capable of understanding. They get the little things that seem to save money but miss the bigger picture mostly because their boundaries of perception, IQ and rationality prevent them from seeing more.
The credit crisis is the same thing — a bunch of nut job MBAs that thought they understood their new investment instruments, but had no idea.
I saw something on PBS recently, explaining what happened last year with the finance industry. Though some of it was still over my head, I did pick up on who these two guys got a Nobel price for coming up with some investment risk formula. And yet that formula ultimately failed, and has taken most of the world’s invested assets with it. And yet, NOBODY is asking these clowns for their awards back. Nor are they even offering to return them, after what they’ve done. But it shows just how politicized and trivial these awards have become. Nobody cares to get the math, first.