Author: admin

Posted on

rePost:Vesess » The Second Age of SMEs

elissa-179-1
Image by EssoPics via Flickr

Explains why the authors think that the present financial crisis is the start of the Second Age of SME’s. Excellent read.

Think small. Think efficient. Share the returns.
…
The point we’re trying to make, however, is that in an economic climate like this, only a SME could afford to offer such discounts, and that it is precisely this ability that will enable such businesses to flourish despite the problems we face. For the first time in years, small businesses have the ability to truly shine, and we’d love to hear how some of our fellow players are using small and efficient business practices to attract customers and grow, despite everything going on around them.
Vesess » The Second Age of SMEs.

Reblog this post [with Zemanta]
Posted on

-rePost-Book/Film Guessing Games-Grasping Reality with Both Hands: Amazon's Kindle and the Recovery of Readerly Naivete; or, Were-Bats–the Big Bug Scourge of the Skies!

The Kindle 2
Image by jwordsmith via Flickr

When I was in high school and for most parts of college I kept my watch handy at all times. The MTRCB approval was needed for any film shown commercially and it listed the total run time of the film. The combination of my watch/(and for two years a stopwatch) and the knowledge of the running time of the film has saved me from being naive about a film, if their were any surprise twist left etc.  The bad thing about this is that I began to be less emotionally involved with the film I was watching; When I was bringing stopwatches/watches to theaters I was always checking it to see how the pace was going, the action to chatter ratio. The exposition versus the confrontation ratio and other minutae that was although nice to discuss with other film lovers was mainly an exercise in film intellectual stimulation. When I discovered Roger Egbert’s online reviews I was mainly entraced by his love for film, it seemed he had different levels of looking at films. As a film critic, as a film lover, as a lover of stories , and a lover of emotions. I began to see that in trying to one-up other people’s/stranger’s/friend’s observation skills and views I lost that connection to that part of me that just wanted to be escapist and enjoyed a film, whether the lighting/camera work is not as good as it could have been or how smart a film is. I got this back by only being conscious of the time whenever I watch a movie for the second time. I haven’t used a Kindle and I suspect that as long as we (Philippine Consumers) are forced to jump through so many hoops to get a kindle I won’t be using one anytime soon, but I think that it would really improve my naivete !

In a normal book, an author cannot have the antagonist fall with an ensorcelled death-sword in its belly with one-third of the pages left to go and expect the reader to be surprised at what comes next. The thickness of the pages beneath one’s right hand scream: “THAT’S NOT THE ANTAGONIST, SCHMUCK!!!”
Reading it on the Kindle–the sudden appearance of the were-bats has an extra punch that it cannot have in the hard copy…
Grasping Reality with Both Hands: Amazon’s Kindle and the Recovery of Readerly Naivete; or, Were-Bats–the Big Bug Scourge of the Skies!.

Reblog this post [with Zemanta]
Posted on

rePost: Excellent Ranty Advice from Paul Wilmott:Paul Wilmott's Blog: Copulas and Cults

American model and television host Michele Merkin.
Image via Wikipedia

Can’t say I blame him.  People generally hate being different in a real way. The way I observe things, it seems most people just want to stand-out in the center of attention kind of way and not in the different trailblazing kind of way that I admire!
What you think of as just you job consumes probably from 2-10 hours of a 24 hour day. If you add in all the stuff you do because of work like commuting/preparing reports outside office hours/even shopping for office clothes/stuff etc . You can’t deny that what you call as just your job consists of the majority of your usable waking hours.
We need to take charge of our lives and have pride in what we do, and as human beings we have the capacity to think and analyze complex stuff.  Why are we not doing exactly that?
As for the picture, for somer strange reason Zemanta thinks it’s relevant!

But that’s only part of the problem. Far more serious, because it extends to all of finance not just to a single model, is the poor education that people get in university financial engineering programs and also the blind-following-the-blind behaviour that is so common throughout the industry.
The copula model is not robust to changes in model assumptions. Black-Scholes is. Did you know that? Or maybe I’m wrong. Would you like to know the truth?
Yes, I could tell you. I could spoonfeed you. You’ve got used to being spoonfed, haven’t you? But you’re passing the buck there, putting an awful lot of responsibility on my shoulders. I can cope, as I’m sure David Li can cope. But you’re a big boy/girl now, you should be able to think for yourself. Isn’t that part of your job description?
It’s getting quite tedious me telling people to get off their backsides and test the models for themselves. Don’t believe anything I say, don’t believe anything Nassim, also quoted in the Salmon article, says. Question everything. Switch your brains back on.
Paul Wilmott’s Blog: Copulas and Cults.

Reblog this post [with Zemanta]
Posted on

rePost:Notes for Students Working on Projects:Knowing and Doing: February 2009 Archives

Lana - she has sexy elbows. Shhhh
Image by a7mileproduction via Flickr

This is a nice short list of advice for students working on projects  skewed towards software projects! Excellent and short read so go read it!

Notes for Students Working on Projects
My compiler students are getting to the point where they should be deep in writing a parser for their language. Walking back from lunch, I was thinking about some very simple things they could do to make their lives — and project — better.
Knowing and Doing: February 2009 Archives.

Reblog this post [with Zemanta]
Posted on

-rePost-Paul Kedrosky's Infectious Greed: Y2K, the Credit Crisis, and the Rosencrantz Fallacy

Scarlett Johansson sketch
Image by rymix via Flickr

I think one big thing that is different here is that in most of those systems the snowball effect is less than in the financial system. But I have to say that I feel for the sentiment and hope that the small individual actions of each company/individual/Government end up to be enough to fix things!

But then it didn’t happen. January 1st 2000 went by, and pretty much nothing happened. While some people then pronounced that the whole Y2K thing had been a fraud, the truth was much more interesting and important. It hadn’t been a fraud; there had been real and consequential risks in important and complex systems. If those problems hadn’t have been addressed, many of the consequences imagined by the apocalypticists might well have happened. We could, in the limit, have been facing real breakdowns in societal fabric.
So, why didn’t the worst happen? In part what happened is this: People acted. While they were late, slow, stupid, and error-prone, they did what people do when a big enough alarm bell is rung loudly and long enough: They tried to figure out what they could do in the time they had to reduce their risk, and they did those things. They didn’t think other people would get there, but they knew they would.
Paul Kedrosky’s Infectious Greed.

Reblog this post [with Zemanta]
Posted on

-rePost–Seth's Blog: How big is your world?

I’ll pretend I have readers!hehe!
Guys let’s all try to help Jacqueline Novogratz and Acumen Fund in thier work!

My friend Jacqueline Novogratz, founder of the Acumen Fund, is at the forefront of making the world smaller. She has the unique ability to combine the financial and the spiritual in a way that does justice to both.
Her new book, The Blue Sweater, publishes in the United States this week. It’s the work of a passionate amateur, an honest memoir of someone who has lived a life most of us can only dream of. When you read of Jacqueline’s experiences as a naive banker newly arrived in Africa, or her extraordinary efforts to connect people of similar spirit but different cultures, you can’t help but become emotionally involved in the positive energy that’s spreading everywhere.
It may seem like this book has little to do with what I write about all day, or what you focus on in your work, but nothing could be further from the truth. No matter what you do, the smaller world is coming to your doorstep. No matter how you spend your day, the living, breathing, interacting big world is going to touch your private one.
An anonymous donor has put up $75,000 in a matching grant–if you buy the book this week, $15 will be donated to Acumen (for each of the first 5,000 copies sold). I hope you’ll take advantage and order a copy today. Thanks.
Seth’s Blog: How big is your world?.

Reblog this post [with Zemanta]
Posted on

rePost-Hope This Does Not Come To Pass-Foreign Policy In Focus | Asia: The Coming Fury

Map of the dominant ethnolinguistic groups of ...
Image via Wikipedia

I’ve admired Prof Bello for a long time. I’ve enjoyed stories about him tearing celebrity professors a new one(Celebrity professors/acamedics tend to be more in the communications field and tend to be less in the academic world!).But I sure hope he is wrong about this! Thanks to Angry Bear for the liunk

The Coming Fury
The sudden end of the export era is going to have some ugly consequences. In the last three decades, rapid growth reduced the number living below the poverty line in many countries. In practically all countries, however, income and wealth inequality increased. But the expansion of consumer purchasing power took much of the edge off social conflicts. Now, with the era of growth coming to an end, increasing poverty amid great inequalities will be a combustible combination.
In China, about 20 million workers have lost their jobs in the last few months, many of them heading back to the countryside, where they will find little work. The authorities are rightly worried that what they label “mass group incidents,” which have been increasing in the last decade, might spin out of control. With the safety valve of foreign demand for Indonesian and Filipino workers shut off, hundreds of thousands of workers are returning home to few jobs and dying farms. Suffering is likely to be accompanied by rising protest, as it already has in Vietnam, where strikes are spreading like wildfire. Korea, with its tradition of militant labor and peasant protest, is a ticking time bomb. Indeed, East Asia may be entering a period of radical protest and social revolution that went out of style when export-oriented industrialization became the fashion three decades ago.
Walden Bello is a Foreign Policy In Focus columnist, a senior analyst at the Bangkok-based Focus on the Global South, president of the Freedom from Debt Coalition, and a professor of sociology at the University of the Philippines.
Foreign Policy In Focus | Asia: The Coming Fury.

Reblog this post [with Zemanta]
Posted on

Supply, Demand, and English Food

from Paul Krugman. His musings on bad English food.

So what does all this have to do with economics? Well, the whole
point of a market system is supposed to be that it serves consumers,
providing us with what we want and thereby maximizing our collective
welfare. But the history of English food suggests that even on so
basic a matter as eating, a free-market economy can get trapped for
an extended period in a bad equilibrium in which good things are not
demanded because they have never been supplied, and are not supplied
because not enough people demand them.
Supply, Demand, and English Food.

Reblog this post [with Zemanta]