Giancarlo Angulo's Blog
You can see from the graph that upper-middle income countries are as good as turning their talent into results as high-income countries. Agarwal and Gaule also find some evidence that the low-income penalty is diminishing over time. As incomes increase around the world it’s as if the entire world’s processing power is coming online for the first time in human history. That, at least, is one reason for optimism.
Source: The Misallocation of International Math Talent – Marginal REVOLUTION
Excellent advice I already practice.
Sum Up
This is how to be smarter with money:
- Reminder – You Cannot Predict The Future: Timing the market isn’t investing; it’s gambling. And how would you react if I said I planned on funding my retirement through gambling?
- Ask, “What Does Money Mean To Me?”: Make a simple plan and then make sure your investments serve it.
- Feelings Can Be Very Expensive: Investing is boring. And make sure it stays that way. Don’t “play” the market. That’s how you get played.
- Use the 72-Hour Test: Very few things need to be bought immediately. Let them sit in your shopping cart for 3 days to prevent impulse buys. (The only exception is my book, which should be purchased immediately and in bulk.)
- Automate Good Behavior: Until our robot overlords arrive, make sure to take advantage of our robot underlings. The best way to be consistent about good behavior is to automate it.
- Use The Overnight Test: If all your investments got sold, which ones would you actually re-buy? And why doesn’t your portfolio look like that now?
- Know The Fundamental Rules of Investing: Pay off debt. Diversify. Keep costs low. Eliminate unsystematic risk.
- Be Ignorant And Lazy: “TMI” is a bad idea with people you’ve just met and with investing. If your money is already hard at work, why interrupt it?
Source: How To Be Smarter With Money: 8 Simple Secrets – Barking Up The Wrong Tree
- Be brief. Julie de Azevedo Hanks, a Utah psychotherapist, likes to remind herself that “No is a complete sentence.” You are not obligated to explain at length to a friend or stranger why you’d prefer not to do something. (A boss may require more rationale, but a succinct answer is still best.)
- Be gracious in declining an invitation. Dr. Hanks, author of “The Assertiveness Guide for Women,” said that if she is asked to return as a speaker at a conference for a second year and she doesn’t want to go, she may say, “I’m glad it went well last year, but this year is no good.”
- Use “I” phrases. If a co-worker expects prompt answers to their Saturday night missives, inform them on Friday: “I need uninterrupted downtime this weekend so I’m not checking mail until Monday.” By contrast, “you” phrases sound accusatory and tend to backfire, as any spouse knows.
- Stall. If you’re indecisive or need a moment to consider a request, use a delay tactic, Dr. Paterson advises. Say: “Let me check my schedule and get back to you.” No more knee-jerk ‘Yes”s.
- Prepare responses. For repeat askers in your life, decide beforehand what requests are unreasonable and then formulate a “pleasant but firm” answer, Dr. Paterson said. For instance, if your mother wants you to paint her bathroom this weekend, you may decide you’re not willing to do it, even though you’ve long been her go-to painter. One way to go: “I don’t have time in my schedule to tackle this anytime soon, but I’m happy to send you a few names of reliable painters.”
- Act it out. It might seem silly, but rehearsing certain scenarios in front of the mirror or role playing with a trusted friend can help. Practice sounding relaxed, even if you aren’t.
Source: How to Stand Up for Yourself – A year of living better Guides – The New York Times
2. When to use HashtableLet’s say we have a dictionary, where each word has its definition. Also, we need to get, insert and remove words from the dictionary quickly.Hence, Hashtable (or HashMap) makes sense. Words will be the keys in the Hashtable, as they are supposed to be unique. Definitions, on the other hand, will be the values.
Source: An Introduction to java.util.Hashtable Class | Baeldung
Focus directs your energy toward your goals. The more focused you are, the more energy goes toward what you’re working on. Eliminating things that you care about is hard. You have to make tradeoffs. If you can’t make those tradeoffs, you’re not going to get far. The cost of not being focused is high. The direction you’re going in is important to the extent that you’re applying energy to it. If you’re focusing your energy on 10 goals, you’re not focused, and instead of having a few completed projects, you
When the biggest platforms seem to be flailing or punting on problems, it’s often because they’re trying to address broad social issues with market solutions. They’re rediscovering, at scale and at great expense to their users, the ways in which a society is more than a bazaar, and the pitfalls of allowing human attention to be sold and resold as a commodity. If a platform is addressing a collective problem in a maddeningly strange way, consider that it might see itself, or only know to govern itself, like
Source: Want to Understand What Ails the Modern Internet? Look at eBay – The New York Times
On the other hand, the Trump Administration is not a normal Presidential Administration. This is the essential and easily fudged fact of our historical moment. The Trump Administration is—in ways that are specific to incipient tyrannies—all about an assault on civility. To the degree that Trump has any ideology at all, it’s a hatred of civility—a belief that the normal decencies painfully evolved over centuries are signs of weakness which occlude the natural order of domination and submission. It’s why Trum
As I looked around, I noticed that the most successful people I know have one thing in common: they are masters at eliminating the unnecessary from their lives. The French writer Antoine de Saint-Exupéry hit on the same idea, writing in his memoir, “Perfection is finally attained not when there is no longer anything to add, but when there is no longer anything to take away.” This principle, it turns out, is the key to success.
How will the administration react to the blowback when the trade war really gets going? Will it admit that it misjudged the effects of its policies? Of course not. What I predict, instead, is that it will start seeing villains under every bed. It will attribute the downsides of trade conflict not to its own actions, but to George Soros and the deep state. I’m not sure how they can work MS-13 into it, but they’ll surely try. The point is that the politics of trade war will probably end up looking like Trum
Source: Opinion | The Great Soybean Conspiracy – The New York Times
It might be:
Coordinating the work of many people often leads to slack and downtime.
Persuading others to go along with our ideas requires clarity, persistence and time.
Pathfinding our way to the right answer isn’t always obvious and takes guts.
The first thing we try rarely works, and testing can take a long time to organize.
Persuading ourselves to move forward can take even longer.
A coordinated, committed group with a plan for continuous testing and improvement can run circles around a disorganized group of frightened dilettantes.