Similar Posts
Redefining WMD
ByHeather
MSNBC ran the startling headline this morning: Man arrested near Capitol faces WMD charge. How intriguing! Was a criminal mastermind skulking through the streets of DC with a nuclear bomb in his trunk?
[The suspect] tried to manufacture a “weapon of mass destruction, that is, an explosive device capable of causing multiple deaths or serious bodily injuries to multiple persons, or massive destruction of property,”
At the height of the Cold War, “weapons of mass destruction” meant nuclear warheads that were capable of eliminating broad swaths of humanity with a single explosion. With the onset of the “war on terror” we expanded WMD to include bio-weapons that could infect the water supply for an entire city or chemicals that could poison the air of a local community. …
One must not think ill of the paradox
ByHeather
One must not think ill of the paradox, for the paradox is the passion of thought, and the thinker without paradox is like the lover without passion: a mediocre fellow.
— Søren Kierkegaard, from Philosophical Fragments
At one point in my life I was formally studying philosophy. Not coincidentally, I was also struggling deeply with various aspects of Christianity and religion. Kierkegaard became a hero. He was a troubled soul who was as prolific at journaling as I was, and who shared many of the same intellectual struggles I was contemplating.
I have always relished the paradox. …
Contracts, Contracts, Everywhere
ByHeather
Long term contracts and petty fees are everwhere.
When we moved to Princeton last year we signed up for Poland Springs water delivery. (Poland Springs is owned by that bottled water juggernaut, Nestle Waters.) They offered an inflexible monthly service plan of 4 bottles per month for $32.96, which was the best deal in their array of undesirable options. You can skip a delivery, but not a payment.
When the first bill arrived I was surprised to find a $2.00 fee for an Oil Surcharge. What? This is nothing more than a price hike disguised as a fee, hiding behind rising fuel prices. They are in the delivery business. Fuel charges are integral to their cost of doing business and should therefore be integrated into the price.
My biggest disappointment came when I set out to cancel the service due to a pending move to North Carolina. …
Self-Confidence III
ByHeather
[A]s a few strokes on the nose will make a puppy head shy, so a few rebuffs will make a boy shy all over. But whereas a puppy will cringe away or roll on its back, groveling, a little boy may cover his shyness with nonchalance, with bravado, or with secrecy. And once a boy has suffered rejection, he will find rejection even where it does not exist—or, worse, will draw it forth from people simply by expecting it.
— John Steinbeck, East of Eden
Today’s quote is the third in a three-part series on self confidence. Wednesday Martin Luther King, Jr. said, “A man can’t ride your back unless it’s bent.” Thursday Eleanor Roosevelt said, “No man can make you feel inferior without your consent.” These quotes are important to me because they underscore the fact that we are victims less often that we think. If I feel inferior, or intimidated it is because I have chosen to feel that way.
In some ways, Canada is a small country
ByHeather
When it comes to land mass, Canada is slightly larger than the US — 3.9 million square miles in Canada vs 3.8 million for the US..
But when it comes to population and the economy, the is US much bigger. Consider this:
- California has more people than Canada.
- California’s economy is larger than Canada’s.
Financial Rigor
ByHeather
One of the things you learn in engineering is to be rigorous. If you build a bridge that falls down on a windy day, there’s going to be hell to pay. Financial markets are not like that; they are very noisy. It’s hard to tell who’s skillful and who’s just lucky. And a lot of analyses are done in extremely haphazard, primitive ways, but the investing public doesn’t know any better.
Feb 23, 2009 issue of Wired.
Dan diBartolomeo is the head of Northfield Information Services, a Boston financial analysis firm. He has a long history of analyzing investment strategies and complex securities. His comparison of financial markets to the rigors of engineering is noteworthy.