Out of school I offered to work for [Benjamin] Graham for free and he said I was overpriced.
– Warren Buffett
If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.
- Samuel Adams
There is no subtler, surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose.
– John Maynard Keynes
When’s the last time that you had an accurate, timely, thorough, and polite response to an email to a free service?
Date: Sat, 16 Feb 2008 14:05:25 -0800
Subject: Migrating from squarespace
>I’m abandoning my squarespace blog and moving to Tumblr. I have my own
>custom domain. My old RSS feed is at:
>How do I set my tumblr RSS feed to be at the same address! I don’t
>want to lose all of my subscribers in the move… Can I map the domain
>to tumblr and then set the feed URL from somewhere inside Tumblr? Can
>I use a third-party service like Feedburner to do it?
Hi, Naval. Tumblr doesn’t allow the creation of a custom RSS feed address. You might try burning your Tumblr feed in FeedBurner, using FeedBurner’s MyBrand feature to associate the burned feed with your custom domain, and then editing the Custom HTML of your Tumblr theme to point browsers/RSS readers to the RSS feed from FeedBurner MyBrand rather than to Tumblr’s default RSS feed.
I know MyBrand will let you keep http://www.startupboy.com in your feed address. I’m not sure if it will let you keep /journal/rss.xml. You’d have to experiment or ask the FeedBurner folks.
Info from FeedBurner:
Sorry that I can’t be of more help on this issue. Please let me know if there’s anything else I can help you with. Thanks for using Tumblr!
I wasn’t posting enough on my old blog since:
- SquareSpace is annoying
- I was writing long, infrequent posts
I’ll post more frequently on my new WordPress blog – shorter, mor wide-ranging topics, and more as notes to self than anything else.
The economic stimulus is a farce, as should be obvious to anyone who cracked open their Econ 101 textbook or ever ran a lemonade stand.
Where is the $150B going to come from? Reduced spending elsewhere (wash), increased taxes (same as reducing spending from the private sector – worse than a wash), borrowing from abroad (raises the price of capital for private businesses, or causes inflation, resulting in a wash), or printing more money (inflation / reduced purchasing power, which depending on what it does to inflation expectations, can be worse than a wash).
The fact that hundreds of millions of people believe this and that journalists and politicians constantly spout something so egregiously false at face value is a disappointing indictment of the masses.
In their honor, let us create the Perpetual Stimulation Machine! The government should inject more and more money into the economy. As it injects more, the economy will be stimulated, GDP will increase, government tax receipts will rise, and more stimuli can be injected!
In fact, I think just such economies are underway in North Korea and Cuba.
Note: Those who argue that money will be moved in a stimulus package from savers to spenders skipped Econ 102. Savings get loaned out and spent as well. Savings = Investment
Note 2: The stimulus is probably the oldest fallacy in Economics – the Broken Window Fallacy, which is also the same as the “Wars spur Growth” fallacy.
After looking at a lot of Facebook apps, I’ve sortof concluded that users:
- want sex. If they can’t have sex, they
- want food. If they can’t have food, they
- want fun. If they can’t have fun, they
When going through hell, keep going
– Winston Churchill
These are notes to myself. Your frame of reference, and therefore your calculations, may vary. These are not definitions – these are algorithms for success. Contributions welcome.
Happiness = Health + Wealth + Good Relationships
Health = Exercise + Diet + Sleep
Exercise = High Intensity Resistance Training + Sports + Rest
Diet = Natural Foods + Intermittent Fasting + Plants
Sleep = No alarms + 8-9 hours + Circadian Rhythms
Wealth = Income + Wealth * (Return on Investment)
Income = Accountability + Leverage + Specific Knowledge
Accountability = Personal Branding + Personal Platform + Taking Risk?
Leverage = Capital + People + Intellectual Property
Specific Knowledge = Knowing how to do something that society cannot yet easily train other people to do
RoI = Buy-and-Hold + Valuation + Margin of Safety