rkbabang

Nice! Great trade. I haven't been watching overstock since I sold the rest of my shares after Byrne left. So it was completely off my radar. I didn't realize it went down to $3.

My colleagues and I just had a good laugh at this paper. I'd argue it's worthless and totally predictable based off the current awareness in the business world. This is a nice description of integrity, however, it doesn't really get at the heart of the matter of the power of integrity. When integrity degrades into a morality conversation it loses its power. Also having a set of guiding principles will NOT inherently ground a good culture. The Jensen/Erhard course taught at Harvard as well as 44 other Universities actually gets to the heart of the matter of Integrity. I've done this work and it's nothing that you can get from reading about integrity. They give the program away for free online which you can get here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=920625 On a side note, businesses that get integrity as a distinction experience increase of profits of 600% within 1 year. Businesses that get their "guiding principles" actually aligned with their culture, takes about 2 days to do and 6-24 months to be seen into action and you get a result on average of 3-5x. It's my hope that this work gets taught in every business school in the country one day. It's a HUGE missing in our society. Just read that abstract. It sounds like they are equating "integrity" with keeping your word and owning your shit. Roughly speaking. Not sure how that is teachable, I've always thought about integrity as something someone has or doesn't, but I'm interested enough that I think I'm going to read the whole paper.

Eh, screw it, you're nice guy, so here's the secret sauce just for you: buy some momo stocks, when they go up, sell them. If they don't go up, don't buy them. I knew it! Rich enough to buy a private island, but too cheap to buy one, sitting in your little shack trolling us for years before revealing the secret sauce. You forgot to add "Follow me for more recipes".

It depend on how long you intend to hold. U-238 lasts longer. But U-235 is going to explode. To the moon!

What precautions do you need to take to store/handle uranium? Uranium investments get interesting once you reach critical mass. You have to diversify to avoid the blow up. It is a regulated material so you have to protect and secure it. I would suggest putting it in your right front pocket and at night sleeping with it under you pillow. ;) I've found lead wool blankets (https://marshield.com/medical-shielding/lead-blankets/), but I can't seem to find lead pillow covers anywhere. Weird.

What precautions do you need to take to store/handle uranium?

Interesting. Last year on the recommendation of a friend I read "The High Frontier: Human Colonies in Space" by Gerard K. O'Neill. It is absolutely fascinating. It was written in the mid-1970s and was all about how we could build large human civilizations in space using then current technology. Almost everything he goes over would be easier and cheaper today. This book has me thoroughly convinced that Musk's Mars aspirations are a mistake. The focus should be on large gravity ships in space, not throwing people down another gravity well. I've heard that Jeff Bezos has read this book and that is the reason for Blue Origin. There is so much we could be doing in space with today's technology that we are not doing. EDIT: https://www.businessinsider.com/jeff-bezos-space-exploration-plan-the-high-frontier-book-2019-10

I have personally had the experience pictured & quoted above by cherzeca lately, and speculated it was a software bug. Personally, it has been, to me, an unpleasant & very annoying experience. That said, no way, I'm going to leave, nor stop participating & reading CoBF. [i suppose, if CoBF stops to exist, I'll go into suicidal mode. [ : - D]] I experience this only when using Safari on my iPad. I actually click on ads periodically, not because I'm interested in the product or service advertised, but just to throw some ad revenue to Sanjeev. This is my experience as well. I use an adblocker on my computers, it is only when I use my iPhone that I see the ads and sometimes I get the full screen popups on ios as well. I also click on an ad once in a while on my phone just to support the site ans since I feel bad that I never even see the ads most of the time because I usually visit the site on a computer.

Know when to walk away, know when to run.

Sturgeon's Law applies to podcasts like it does to anything else. You just have to find the ones in the 10%.

Yes, but you have to find time to read and do nothing else. I listen to audio while cooking, doing yard work, cleaning, driving, and even taking a shower. If I'm not working, sleeping, or reading and no one is in the room with me then I'm listening to either a podcast or audiobook.

I don't know if this has been mentioned here already, because I haven't been reading this topic much, but I have a friend who is a biologist working in biotech and he recommended this podcast to me. https://www.microbe.tv/twiv/ I've started listening to the latest few episodes today. Informative.

A way to scale images would be useful. I always end up with huge images hosted somewhere else that I wish I could resize quickly, and I don't always have the time to resize locally and re-upload somewhere else. You can do it manually per below: {img}url{/img} {img width=XXX}url{/img} I'll give it a try. I tried at some point, but I probably didn't do it right because it didn't work. I use the above all the time. Of course the curly brackets have to be replaced with square brackets. img width=800 img width=400 img width=200

LOL https://www.smbc-comics.com/comic/self-destructive-beverages

Hi Sanjeev, Will the posts from this site still be available somewhere, either carried over to the new site or this site maintained as read only? I often find older discussions useful and I frequently use the search box to find them. Thanks!

I'll have to try that. I've been drinking mostly just water with lime juice or black coffee. Trying to loose weight again. I've been Putting it back on since quitting the paleo diet a few years ago. You guys are ruining this topic, you know that right? Sorry. I'll leave you to your discussion about demon rum and other devil juices. :)

I'll have to try that. I've been drinking mostly just water with lime juice or black coffee. Trying to loose weight again. I've been Putting it back on since quitting the paleo diet a few years ago.

I'd say it does. Since the Subject of this topic says "Keep em PC" and this involves a PC.

This is what everyone thought on all sides before WWI. Politics is stupid and leads to unimaginable horrors over and over again.

That's not a bad thought. Keep in mind though that such technology allows our creative people to work in creative fields no matter where they live. I'm sure some bright people across America are working noncreative jobs as IT people for their local governments because it's the only tech jobs they have locally -- these people may be better utilized as creative engineers. I just noticed that I typed Trump rather than Musk. My fingers not listening to my brain. Weird.

I agree. However, in theory it should be possible to tune our immigration policy towards cherry picking creative minds from elsewhere. I don't know if that can be pulled off to an increasing degree relative to the past. Musk is from South Africa. A lot of young people simply don't work creative jobs and those are the ones that are likely to be automated -- some of those people can be more creative through automation. I don't see robots taking care of old people. I see robots doing the non-creative work that younger people once did. And today's old people, and tomorrow's old people, once did those uncreative jobs themselves. That is an interesting thought. My comments are simply based on the fact that not everyone is creative, so having a large pool of people in those ages are more likely to produce more creative risk takers. If you had someway to bring them in, or at least attract them specifically, that would probably work too. One way to attract them, I think, is with low taxes and few regulations on business. Make the US the place to start, grow, and operate a business from start up right through to global corporate goliath. Having a local market and workforce is important now, but with travel, working from home, robots, and shipping all likely to get better and easier, if running your business from Singapore or some other tax haven is easier, cheaper, and makes more sense then people will go there not here. Musk didn't come here because the taxes were low, he came here to get a degree from Stanford. From there he was arms length away from all of the engineering minds that he needed to start Tesla. Also, California is nice. He didn't forego all of that for a lower tax jurisdiction. I mean, look at what we charge international students for tuition? I think there are ways to bring those people into the country For example, tuition assistance or waiver. Why leave your home country which pays for your tuition in order to come here and pay a fortune for that same education? Right. That goes back to my question about the workforce needing to be local. Also education as well. What if Trump could have moved to Hong Kong and still gotten his degree at Stanford and hired the best engineers in the world? The world is becoming more global. Communication, travel, manufacturing, and shipping is all going to get a lot easier and cheaper in the future. I'm not sure what the answer is, I'm just thinking out loud.

I agree. However, in theory it should be possible to tune our immigration policy towards cherry picking creative minds from elsewhere. I don't know if that can be pulled off to an increasing degree relative to the past. Musk is from South Africa. A lot of young people simply don't work creative jobs and those are the ones that are likely to be automated -- some of those people can be more creative through automation. I don't see robots taking care of old people. I see robots doing the non-creative work that younger people once did. And today's old people, and tomorrow's old people, once did those uncreative jobs themselves. That is an interesting thought. My comments are simply based on the fact that not everyone is creative, so having a large pool of people in those ages are more likely to produce more creative risk takers. If you had someway to bring them in, or at least attract them specifically, that would probably work too. One way to attract them, I think, is with low taxes and few regulations on business. Make the US the place to start, grow, and operate a business from start up right through to global corporate goliath. Having a local market and workforce is important now, but with travel, working from home, robots, and shipping all likely to get better and easier, if running your business from Singapore or some other tax haven is easier, cheaper, and makes more sense then people will go there not here.

Take Elon Musk. I doubt very much that when he is 75 years old he will do anything as crazy as starting a private rocket company was in 2002. And even if he does, he won't live long enough to see it through.

Here is another question: In an impossible world where there are no 40 yr olds, would 30, 50, and 60 yr olds earn more to offset the loss of the 40 yr olds? We still have those high-paying jobs that the 40 yr olds once occupied, don't we? Of course, but the curve is still there. At some point it starts declining. There will be some age at which it peaks and then declines. That age might be 120 if people live healthy to that age and then decline and die at 150-200. The same is true with creativity and innovation. Most people are at their peaks closer to 25 than to 75. At some point it starts to decline. Risk taking is another factor. Most people have more appetite for risk when they are young and thus more willing to try some crazy business idea that hasn't been done before. I think having younger, more creative, more innovative, people willing to take risks is more beneficial than having a large number of people past their prime in all of these categories with robots taking care of them.

A lot of good questions to think about. I don't think 40yr olds are peak spenders because they have kids. I think they are peak spenders, because they have more income. I had kids in my 20s and 30s, yet spend more now in my 40s even though my kids are grown. You can't spend, save, or invest what you don't have. I spend more, save more now, and invest more now than I did back then. I think that people in their 20s-50s are the most productive, even with robots you will need innovation and creativity. Having a large amount of people in their 20s is better for that than a large number of people in their 80s.