Sunday, January 8, 2012
Thursday, September 1, 2011
What Motivates People: Autonomy, Mastery, and Purpose
I learned this great insight from this Youtube video:
RSA Animate: Drive: The surprising truth about what motivates us
These motives:
RSA Animate: Drive: The surprising truth about what motivates us
These motives:
- Autonomy,
- Mastery,
- Purpose.
Thursday, August 25, 2011
Steve Jobs
"Lots of companies have tons of great engineers and smart
people," Jobs told Businessweek in 2004. "But ultimately, there
needs to be some gravitational force that pulls it all
together. Otherwise, you can get great pieces of technology all
floating around the universe."
"The quintessential differentiator between Steve Jobs and
everyone else is the sheer tenacity and commitment to perfection
-- the willingness to move mountains to get the right thing,"
said Gadi Amit, founder of NewDealDesign, an industrial design
firm in San Francisco.
people," Jobs told Businessweek in 2004. "But ultimately, there
needs to be some gravitational force that pulls it all
together. Otherwise, you can get great pieces of technology all
floating around the universe."
"The quintessential differentiator between Steve Jobs and
everyone else is the sheer tenacity and commitment to perfection
-- the willingness to move mountains to get the right thing,"
said Gadi Amit, founder of NewDealDesign, an industrial design
firm in San Francisco.
Saturday, April 23, 2011
Hear, See, and Do
When you hear something, you forget it.
When you see something, you remember it.
But not until you do something will you understand it.
When you see something, you remember it.
But not until you do something will you understand it.
Wednesday, April 20, 2011
Pecking Order of Academics
- Psychologist wants to be social scientist.
- Social scientist wants to be economist.
- Economist wants to be chemist.
- Chemist wants to be physicist.
- Physicist wants to be mathematician.
- Mathematician wants to be God.
Sunday, December 5, 2010
Freedom
"All religions, arts and sciences are branches of the same tree. All these aspirations are directed toward ennobling man's life, lifting it from the sphere of mere physical existence and leading the individual toward freedom."
–Albert Einstein
–Albert Einstein
Tuesday, September 15, 2009
Flaws of Stock Chart Reading (Stock Technical Analysis)
Quoted from the book "Security Analysis" (1951, third version) by Benjamin Graham, et al. On page 653, he remarked about the Chart Reading (Market Analysis):
... Security analysis and market analysis are alike, therefore, in the fact that they deal with data that are not conclusive as to the future. The difference, as we shall point out, is that the security analyst can protect himself by a margin of safety that is denied to the market analyst. [margin of safety refers to buying way below the intrinsic business value of the stock]
.. human impatience plus the exigencies of the chart reader's profession impel him to draw more frequent conclusions from less convincing data.
... The stock speculator does suffer, in fact, from a well-nigh incurable ailment. The cure he seeks, however, is not abstinence from speculation but profits. Despite all experience , he persuades himself that these can be made and retained; he grasps greedily and uncritically at every plausible means to this end.
The plausibility of chart reading, in our opinion, derives largely from its insistence on the sound gambling maxim that losses should be cut short and profits allowed to run. ... But in this conclusion there lurks a double fallacy. Many players at roulette follow a similar system, which limits their losses at any one session and permits them at times to realize a substantial gain. But in the end they always find the aggregate of small losses exceeds the few large profits. (This must be so, since the mathematical odds against them are inexorable over a period of time). The same is true of the stock trader, who will find that the expense of trading weights the dice heavily against him.
...
... Security analysis and market analysis are alike, therefore, in the fact that they deal with data that are not conclusive as to the future. The difference, as we shall point out, is that the security analyst can protect himself by a margin of safety that is denied to the market analyst. [margin of safety refers to buying way below the intrinsic business value of the stock]
.. human impatience plus the exigencies of the chart reader's profession impel him to draw more frequent conclusions from less convincing data.
... The stock speculator does suffer, in fact, from a well-nigh incurable ailment. The cure he seeks, however, is not abstinence from speculation but profits. Despite all experience , he persuades himself that these can be made and retained; he grasps greedily and uncritically at every plausible means to this end.
The plausibility of chart reading, in our opinion, derives largely from its insistence on the sound gambling maxim that losses should be cut short and profits allowed to run. ... But in this conclusion there lurks a double fallacy. Many players at roulette follow a similar system, which limits their losses at any one session and permits them at times to realize a substantial gain. But in the end they always find the aggregate of small losses exceeds the few large profits. (This must be so, since the mathematical odds against them are inexorable over a period of time). The same is true of the stock trader, who will find that the expense of trading weights the dice heavily against him.
...
Subscribe to:
Posts (Atom)