It’s hard to find a job in this life that is always interesting and exciting over a 50-year period. In the end, the value of anyone’s job probably is determined by relationships that are formed more than the wins and the money. Because as we have found out, the money can come and go.” Eric Musselman’s Basketball Notebook: The value of any job is determined by the relationships.
I try to live by with that in mind. a little life accounting.
05 hours: Sleep (between 4 and 8 depending on need)
03 hours: Daily Commute includes around an hour of walking
09 hours: Required working hours.
11 hours: Actual average hours in the office.
02 hours: Hygeine and Cooking dinner
03 hours: reading/podcast for pleasure/improvement
for any other normal 9-5 and if you sleep a healthy 8 hours a day your job/work/profession/calling is half to more than half your usable daily hours. If you do not wake up in the morning wanting to start working, If you dread mondays and just heart weekends around 100x the normal workday, I suggest you quit, just quit now and try to find that something you were meant to do, at least for now!
Here are the chief investment lessons of the financial crisis for today’s young people: they should be buying more shares and running up debts to do so. I’m not saying that the market is undervalued… I am merely suggesting a way of reducing risks.
Arguing that holding stocks in the long term is not guaranteed to be particularly safe, he goes on to describe the effect of “generational risk”:
…stocks can be very volatile. We also know that some generations have been luckier than others when it comes to the performance of the stock market. The baby boomer who started regular purchases of US stocks in 1970 and sold up in 2000 would have felt pretty sick after the awful bear market of 1974, but in retrospect his timing would have been perfect, filling his boots with bargain late 1970s and early 1980s shares, and selling out right at the top. His daughter, entering the stock market in 1995 and aiming to retire in 2025, would have spent the past 13 years buying shares at prices that now seem to range from high to extortionate. We could call this “generational risk”. Now, think about the current prevailing wisdom on investing in shares, which reflects the fact that shares tend to produce high but risky returns. It is to start by putting most of one’s savings into the stock market, and as retirement approaches, increasingly shifting one’s portfolio to bonds and other less volatile investments. That seems to make sense. In fact, it is nonsense… …The logical way to fight generational risk is to borrow money to make large, regular investments in shares while young, then use a proportion of later savings to pay back the loan rather than to pile into the stock market in middle age. That sounds risky, but it is in fact exactly what people do in the housing market. Knowing that they will need a place to live all their lives, they tend to buy a small house and gradually trade up to a bigger one, only paying off their mortgages late in life. Most of us need a retirement fund as well as a place to live; there is nothing intrinsically risky about regular borrowing to get that fund off to an early start. Not only does the concept make sense, it has paid off in the past. The Yale academics who proposed it, Ian Ayres and Barry Nalebuff, have looked at historical stock market data covering 94 cohorts who retired between 1913 and 2004. For every single cohort, the early leverage strategy beat the conventional wisdom; it also almost always beat the gambler’s strategy of investing every penny in stocks until the moment of retirement. Only the blessed cohorts who retired in 1998 and 1999 did better. Such gambles rarely pay off, so if you’re 20 years old and want to spread your risks, mortgage your retirement today.
It makes sense in a way that I’d rather invest a large position (funded by debt) in stocks while young and ‘throw the key away for 20 years ‘ (like Warren Buffett‘s long-term value investing. This is better than starting with a small position then personally trading up to have a large position in 20 years. Think of the time and energy this will entail! I don’t want my mind usually thinking of the stock market, with all of its ups and downs.
On another thought: Does anyone know how this is possible in the Philippine banking industry? If I can fund stock market purchases via credit card, I MIGHT consider getting a credit card (which I have no plan of getting ever).
nice to know though it was in president Bartlett’s term and not in Matt Santos‘
Life Imitates Art Imitating Life From reader AB: 1998: Josh Lyman is modeled after Rahm Emanuel. 2004: Matt Santos is modeled after Barack Obama 2006: Matt Santos wins the presidency, and appoints Josh Lyman his Chief of Staff 2008: Barack Obama wins the presidency, and appoints Rahm his Chief of Staff. In the art version we got a comprehensive Israel-Palestine peace agreement, so that’s something to look forward to in the future. Matthew Yglesias » Life Imitates Art Imitating Life.
Here are his 5 Steps to Success: 1. Find meaning and inspiration in your work. 2. Work hard. 3. Discover the relationship between effort and reward. 4. Seek out complex work to avoid boredom and repetition. 5. Be autonomous and control your own destiny as much as possible. Guerrilla Billionaire™ : Billionaire Lessons from Malcolm Gladwell.
Quantum of Solace is just that in my opinion, one of the best bond film, and in my opinion the best bond film thus far!
As Bono said in their comeback album during the Boy Band years (late 90’s) look out boys the men are here! and this is what the director/ production team / crew of Quantum Solace is trying to tell spy filmmaker wannabes. There is still nobody quite like bond. Following the public craving for a high realism in their films bond offers quite fantastic but not unbelievable action scenes, these are the most realistic action scenes of the bond series and probably would give the action scenes of the Jason Bourne films a run for their money.
I’d post a longer review next time, but seeing that I still haven’t finished my long review for the newest batman film (I’ve seen it three times and still can’t seem to express my words in prose.) don’t hold your breaths!
– Whirlwind tour of other Google APIs (inc. Youtube)
Those sessions will be talks that include demos and live code walkthroughs. If you bring your laptop, you can optionally follow along with the walkthroughs or just chat about the currently presented topic with other attendees in the live chat. There will be no reserved time for just hacking (there’s a lot of material to cover!) but we do encourage you to hack while we’re talking.
If you indicate that you’d like a “consultation”, then we’ll take a look at your project beforehand and give you some ideas on stage about how you could incorporate our tools/APIs.
Also remember to subscribe to the APAC Developer Blog to keep informed of events and news in this region of the world:
There is no cause for pride in what has happened in Selma. There is no cause for self-satisfaction in the long denial of equal rights of millions of Americans. But there is cause for hope and for faith in our Democracy in what is happening here tonight. For the cries of pain and the hymns and protests of oppressed people have summoned into convocation all the majesty of this great government–the government of the greatest nation on earth.
Our mission is at once the oldest and the most basic of this country–to right wrong, to do justice, to serve man. In our time we have come to live with the moments of great crises. Our lives have been marked with debate about great issues, issues of war and peace, issues of prosperity and depression. But rarely in any time does an issue lay bare the secret heart of America itself. Rarely are we met with a challenge, not to our growth or abundance, or our welfare or our security, but rather to the values and the purposes and the meaning of our beloved nation. The issue of equal rights for American Negroes is such an issue. And should we defeat every enemy, and should we double our wealth and conquer the stars, and still be unequal to this issue, then we will have failed as a people and as a nation. For, with a country as with a person, “what is a man profited if he shall gain the whole world, and lose his own soul?”
There is no Negro problem. There is no Southern problem. There is no Northern problem. There is only an American problem.
Forgive me for the old they don’t make em like they used to rirades but they actually don’t.
Is college the new high school?
A liberal artsEnglish professor writing in Inside Higher Ed:
After too many years at this job (I am in my mid-40s), I have grown to question higher education in ways that cannot be rectified by a new syllabus, or a sabbatical, or, heaven forbid, a conference roundtable. No, my troubles with this treasured profession are both broad and deep, and they begin with a fervent belief that most of today’s college students, especially those that come to college straight from high school, are unnecessarily coddled. Professors and administrators seek to “nurture” and “engage” and they are doing so at the expense of teaching. The result: a discernable and precipitous decline in the quality of college students. More of them come to campus with dreadful study habits. Too few of them read for pleasure. Too many drink and smoke excessively. They are terribly ill-prepared for four years of hard work, and most dangerously, they do not think that college should be arduous. Instead they perceive college as an overnight recreation center in which they exercise, eat, and in between playing extracurricular sports, they carry books around. If a professor is lucky, the books are being skimmed hours before class.
Via MR. Chris Blattman’s Blog: Is college the new high school?.
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