Jr High Drop Out

My New Interest In Investment

I'm really enjoying my new interest in investment lately and I hope to post a bit about what I'm learning soon.


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Just for some perspective


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The Fiscal Cliff Sounds OK To Me

OK, so I decided I should finally find out exactly what this so-called Fiscal Cliff is and why I should care.

Am I missing something?  It appears that this thing everyone is dreading is an increase in taxes and a decrease in spending that, combined, cut in roughly half our budget deficit.  Um, ok.  Sounds great to me.  The only way I'd like it better is if it entirely eliminated the deficit.  We should expect our federal government to run on a balanced budget.

I mean, we've spent too much as a country.  We can't retroactively pretend we didn't.  We have to pay it off now.  Doesn't matter which party spent it (both did, by the way, in equally egregious amounts).  It matters that it's our fault for voting them in and letting them do it.  Now we have to pay our bill.  Hopefully what we learn from this is that we can't spend money we don't have.

So, reduce our military.  Reduce extraneous programs.  Make the government run more efficiently.  If we don't, then in a decade or two, we will be looking at another Fiscal Cliff.

I welcome the course correction.  Sadly, I suspect we won't change course.  We'll just complain and keep marching on the same path.  Republicans have yet to see a war they didn't want to fund or a pot smoker they didn't want to jail.  Democrats haven't yet found the entitlement they didn't want to expand.

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Microsoft, make my iPad Better!

I love product competition more than I love any particular company or group.To that end, I'm very happy to see the Microsoft Surface tablet join Android and iPad on the shelves and I hope that very soon their tablet becomes a serious competitor.

In fact, I really hope that MS finds a way to make me slightly jealous of what they have going on there (Rule 19). If they can make me jealous, then Google and Apple will respond in kind (Rule 26)!Besides which, if Microsoft really picks up steam and Android/Apple lose market share, then there's always Rule 146: Necessity, n. The mother of invention. Profit is the father.

So, um, go Team Microsoft! I want a better iPad!


#technology #economics

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Eeyore, of Winnie the Pooh fame

We can't all, and some of us don't. That's all there is to it.

#quotes #movies #books #economics #politics

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Is A New Organizational Structure Coming To Healthcare?

“No industry can grow continuously at a multiple of general inflation. It will eventually become so expensive that purchasers will simply abandon it.”

via kevinmd.com


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This is what hope sounds like

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Three Myths about Copyright Law and Where to Start to Fix it

This paper, written by a subgroup within Congress, gives me hope that there may yet still be real copyright reform in the US. Current US Copyright Law overreaches on behalf of a select few and in turn obfuscates and hinders the advancement of all people everywhere. Our economic development, scientific progress, and artistic growth depend upon a growing mass of public domain works on which to build a draw inspiration. Fair Use laws are arbitrary and shrinking in applicability. Copyright terms are growing. This has to stop. It simply must if we are to progress as a nation, as a people, as a species.


#intellectualproperty #politics #economics

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Crony Capitalism At Work In Hollywood

Steven Spielberg, a billionaire, received $3.5 Million in Tax Credits from Virginia to help pay for the filming of Lincoln. Virginia hasn't given teachers a raise of consequence in several years and Hollywood is an outspoken critic of underfunding public education. Thanks, Steven. Those kids who have even worse school lunches and those teachers who have to spend their personal money to make copies for class worksheets appreciate your sincere commitment to their well being.


#movies #economics #politics

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The Great Material Continuum

I decided that the Internet needed this, so I made it. You are welcome.


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Told ya so

65% of movie industry revenue comes from sources the studios at one time claimed would put them out of business. These people do not get it. SOPA, PIPA, and ACTA, are just the most recent proof of that.


#economics #movies #tv #intellectualproperty

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 "Happiness is a p

This underscores two things I've been saying for a long time:

  1. Education should be about bettering yourself, not maximizing your profitable potential. That's why I'm such a proponent of the Liberal Arts.
  2. For those who believe it is about maximizing your profitable potential, you'd better check your math. There are some that have value, but for most, you're probably better offer taking that money and putting it into a high-earning investment.
Media_httpwwwthebestc_hiifi

#College #Economics #School

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 "Happiness is a p

title:

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Cadence is watching Scooby Doo and making a pillow/blanket fort

Media_httpnewurbannet_rsbht

Studies in Florida and North Carolina show that dense urban development pays off for local governments. Big-box retail doesn’t.


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Because you were certainly wondering

I've compiled the rules into an abbreviated one page list. These comprise the authoritative, to-be-found-nowhere-else, list of the Rules of consequence from the great book. Print these rules. Hang them in your office. Do as they command. Profit.

And as always, remember to click my amazon link and buy things. In this way, you bring me profit and in turn I will continue to bless you with my musings on the holy Rules. Thus flows the Great Material Continuum.

Click here to download:
FerengiRules.pdf (40 KB)
(download)

 

My Inner Ferengi has a blog (in case you didn't know) and on it, he has posted the Rules of Acquisition for easy consumption. You should go there and profit.


#Economics #Geek

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Because you were certainly wondering

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Because you were certainly wondering

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Because you were certainly wondering

It's official I've now got a twitter feed. It's just another way to track posts for my blog, but anyway, there it is. Taste it. Http://twitter.com/jrhighdropout


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Because you were certainly wondering

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Because you were certainly wondering

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Because you were certainly wondering

It's official and shit. Today is a national holiday

Yeah, bitches. Get to cooking and sucking.

Yeah, dudes. You're welcome.


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Because you were certainly wondering

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What I want

I want less government, more accountability, less taxes, and more freedom.

  • Reduce the pay of congress to make it unprofitable.
  • Require that every bill have a single line summary and every rider on the bill must relate to the summary directly. No pork addendums.
  • Term limits for every elected office. I was on the fence, but I'm just tired of this blatant incumbent power.
  • Eliminate the income tax.
  • Make it easier to fire government employees. Set a real, audited public standard for evaluating work performance and award raises based on that.
  • Audit the Fed. Then phase them out in favor of a commodity backed monetary standard.
  • Amend the Constitution to require a balanced Federal budget every year. Penalize the pay and benefits of Congress and the President for every day the budget is late each year.
  • Require that every regulation on the books have an associated dollar value and audit each year to confirm that we are not spending more to maintain a regulation than we believe it is actually worth to us.
  • Require that any new regulation be contained to a specific industry. Regulations that must span multiple industries, being inherently more dangerous and prone to unintended consequences, should require congressional approval, as if it were a law being passed.
  • Audit the familial relations of everyone in government and analyze the results for nepotism and other forms of favoritism. Make nepotism a termination-worthy offense in any government job, including an elected office.
  • Legalize drug use. Tax commercially sold drugs. (personal note: I'm sick of seeing shining new prisons and dilapidated old schools)
  • Change how we count the vote. Simple majority counts create two-party systems. Consider either a Condorcet method or the Borda system as an alternative. More parties equals more better.
  • Change our immigration laws to make it easier to bring people into the country legally. We should be partnering with our neighbors, not fighting to keep them away.
  • Create a cabinet level position called Secretary of Government Audit. Make them responsible for finding ways to reduce the size and cost of the government sensibly. Have a third party, like PWC, audit that office annually to see that they are saving more than they cost the people.
  • Position ourselves as an economic powerhouse, rather than a military one. Foreign relations should be about free trade with countries that share our economic values not about bullying countries that don't share our moral values.
  • Reduce or eliminate our military presence outside of our own borders. Concentrate miltary spending on protecting our borders (physically and virtually) from threat and make the Department of Defence live up to its name. It's not the Department of Offense.
  • Formally apologize to Israel and Palestine for our interference. Then make good on that apology by stepping out of the conflict and adopting an overt, public, and real neutral stance on the border disputes of other countries.
  • Establish a plan to eliminate the national debt within 10 years using cost cutting and budgeting methods. Perhaps make this one of the tasks on the plate of the new Secretary of Government Audit.

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The 95th Ferengi Rule of Acquisition

Expand or die


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Another nail in the coffin of artificial scarcity

Throughout history, we have been plagued by scarcity. Not enough food, wood, metal, and gold to go around. With the rise of commerce came a new kind of scarcity, an artificial scarcity. There aren't enough Hondas and Stratavariuses to go around. Not because there couldn't be, but because only one entity was allowed to make them. I welcome the day when multiple-material 3D printers are commonplace and people trade blueprints like MP3's, allowing anyone who wants a new chair to print one. Or a new stove. Or car. Couple this with the rise of nano-replication, the ability to create “expensive” materials from cheaper base materials. Suddenly, the millennia old paradigm of mine and yours begins to crumble at the edges.


#economics #technology #music

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The Ferengi Rules Of Acquisition

Following are the Rules by which all good Ferengi everywhere live their lives profitably.

Rule 001 - Once you have their money, you never give it back.
Rule 002 - The best deal is the one that brings the most profit.
Rule 003 - Never spend more for an acquisition than you have to.
Rule 004 - A woman wearing clothes is like a man in the kitchen.
Rule 006 - Never allow family to stand in the way of opportunity.
Rule 007 - Keep your ears open.
Rule 008 - Small print leads to large risk.
Rule 009 - Opportunity plus instinct equals profit.
Rule 010 - Greed is eternal.
Rule 011 - Even if it's free, you can always buy it cheaper.
Rule 012 - Anything worth doing is worth doing for money.
Rule 013 - Anything worth doing is worth doing twice.
Rule 014 - Keep your family close, keep your Latinum closer.
Rule 016 - A deal is a deal. (until a better one comes along).
Rule 017 - A contract is a contract is a contract - but only between Ferengi.
Rule 018 - A Ferengi without profit is no Ferengi at all.
Rule 019 - Satisfaction is not guaranteed.
Rule 020 - Only give money to people you know you can steal from.
Rule 021 - Never place friendship before profit.
Rule 022 - A wise man can hear profit in the wind.
Rule 024 - Latinum can't buy happiness, but you can sure have a blast renting it.
Rule 025 - There's always a way out.
Rule 026 - As the customers go, so goes the wise profiteer.
Rule 027 - There's nothing more dangerous than an honest businessman.
Rule 028 - Whisper your way to success.
Rule 029 - What's in it for me?
Rule 031 - Never make fun of a Ferengi's mother. (insult something he cares about, instead).
Rule 033 - It never hurts to suck up to the boss.
Rule 034 - War is good for business.
Rule 035 - Peace is good for business.
Rule 037 - If it's free, take it and worry about hidden costs later.
Rule 039 - Friendship is temporary; profit is forever.
Rule 040 - She can touch your lobes, but never your Latinum.
Rule 041 - Profit is its own reward.
Rule 042 - What's mine is mine, and what's yours is mine too.
Rule 044 - Never confuse wisdom with luck.
Rule 045 - Ambition knows no family.
Rule 046 - Make your shop easy to find.
Rule 047 - Don't trust a man wearing a better suit than your own.
Rule 048 - The bigger the smile, the sharper the knife.
Rule 049 - Everything is worth something to somebody.
Rule 050 - Gratitude can bring on generosity.
Rule 051 - Reward anyone who adds to your profits so they will continue to do so.
Rule 052 - Never ask when you can take.
Rule 057 - Good customers are as rare as Latinum, Treasure them.
Rule 058 - There is no substitute for success.
Rule 059 - Free advice is seldom cheap.
Rule 060 - Keep your lies consistent.
Rule 062 - The riskier the road, the greater the profit.
Rule 065 - Win or lose, there's always Huyperian beetle snuff.
Rule 068 - Ear stroking will get you anything.
Rule 069 - Ferengi are not responsible for the stupidity of other races.
Rule 072 - Never trust your customers.
Rule 073 - If it gets you profit, sell your own mother.
Rule 075 - Home is where the heart is, but the stars are made of Latinum.
Rule 076 - Every once in a while, declare peace. “It confuses the hell out of your enemies”.
Rule 077 - It's better to swallow your pride than to lose your profit.
Rule 078 - When the going gets tough, the tough change the Rules.
Rule 079 - Beware of the Vulcan greed for knowledge.
Rule 082 - The flimsier the product, the higher the price.
Rule 084 - A friend is not a friend if he asks for a discount.
Rule 085 - Never let the competition know what you're thinking.
Rule 087 - A friend in need means three times the profit.
Rule 089 - Ask not what your profits can do for you, ask what you can do for your profits.
Rule 092 - There are many paths to profit.
Rule 093 - Act without delay! The sharp knife cuts quickly.
Rule 094 - Females and finances don't mix.
Rule 095 - Expand or die.
Rule 096 - For every Rule, there is an equal and opposite Rule, (except when there's not).
Rule 097 - Enough… is never enough.
Rule 098 - Every man has his price.
Rule 099 - Trust is the biggest liability of all.
Rule 100 - If they take your first offer, you either asked too little or offered too much.
Rule 101 - The only value of a collectible is what you can get somebody else to pay for it.
Rule 102 - Nature decays, but Latinum lasts forever.
Rule 103 - Sleep can interfere with…
Rule 104 - Faith moves mountains… (of inventory).
Rule 105 - Don't trust anyone who trusts you.
Rule 106 - There is no honor in poverty.
Rule 107 - A warranty is valid only if they can find you.
Rule 109 - Dignity and an empty sack is worth the sack.
Rule 111 - Treat people in your debt like family, exploit them [ruthlessly].
Rule 112 - Never have sex with the boss' sister.
Rule 113 - Always have sex with the boss.
Rule 115 - The best contract always has a lot of fine print.
Rule 116 - There's always a catch.
Rule 117 - Everything is for sale, including friendship.
Rule 119 - Never judge a customer by the size of his wallet, (…sometimes, good things come in small packages).
Rule 121 - Everything is for sale, including friendship.
Rule 123 - Even a blind man can recognize the glow of Latinum.
Rule 125 - You can't make a deal if you're dead.
Rule 126 - Count it.
Rule 127 - Stay neutral in conflict so that you can sell supplies to both sides.
Rule 135 - Never trust a beneficiary.
Rule 139 - Wives serve, brothers inherit.
Rule 141 - Only fools pay retail.
Rule 142 - There's no such thing as an unfair advantage.
Rule 143 - Risk is part of the game… play it for all it's worth.
Rule 144 - There's nothing wrong with charity…as long as it winds up in your pocket.
Rule 146 - Necessity, n. The mother of invention. Profit is the father.
Rule 152 - A lie is a way to tell the truth to someone who doesn't know.
Rule 153 - Sell the sizzle, not the steak.
Rule 162 - Even in the worst of times, someone turns a profit.
Rule 168 - Whisper your way to success.
Rule 169 - Competition and fair play are mutually exclusive.
Rule 171 - Blood is thicker than water, and Latinum is thicker than both.
Rule 172 - Chances aren't what they used to be.
Rule 177 - Know your enemies… but do business with them always.
Rule 181 - Not even dishonesty can tarnish the shine of profit.
Rule 188 - A fool and his money is the best customer.
Rule 189 - Let others keep their reputation. You keep their money.
Rule 190 - Hear all, trust nothing.
Rule 191 - A Ferengi waits to bid until his opponents have exhausted themselves.
Rule 192 - Never cheat a Klingon… unless you're sure you can get away with it.
Rule 194 - It's always good business to know about new customers before they walk in your door.
Rule 200 - If you're going to have to endure, make yourself comfortable.
Rule 202 - The justification of profit is profit.
Rule 203 - New customers are like razor-backed Gree worms… They can be succulent, but sometimes they bite back!
Rule 204 - It takes a Ferengi to cheat a Ferengi.
Rule 208 - Sometimes the only thing more dangerous than a question is an answer.
Rule 211 - Employees are the rungs on the ladder of success… don't hesitate to step on them.
Rule 214 - Never begin a business negotiation on an empty stomach.
Rule 216 - Never gamble with an empath.
Rule 217 - You can't free a fish from water.
Rule 218 - Always know what you're buying.
Rule 219 - Possession is 11/10 of the law.
Rule 223 - Beware the man who doesn't make time for oo-mox.
Rule 229 - Latinum lasts longer than lust.
Rule 231 - There's a sucker born every minute; be sure you're the first to find each one.
Rule 236 - You can't buy fate.
Rule 239 - Never be afraid to mislabel a product.
Rule 241 - Never trust a hardworking employee.
Rule 242 - More is good… all is better.
Rule 253 - Synthehol is the lubricant of choice for a customer's stuck purse.
Rule 255 - A wife is a luxury… a smart accountant, a necessity.
Rule 256 - Accountants do not play the game; they only keep the score.
Rule 260 - Life's not fair. How else would you turn a profit?
Rule 261 - A wealthy man can afford anything except a conscience.
Rule 262 - A verbal contract isn't worth the paper it's written on.
Rule 263 - Never allow doubt to tarnish your lust for Latinum.
Rule 265 - The customer is always right, (…until you get their cash).
Rule 266 - When in doubt, lie.
Rule 267 - If you believe it, they believe it.
Rule 270 - In business deals, a disruptor can be almost as important as a calculator.
Rule 277 - Anything worth fighting for is worth hiding from.
Rule 284 - Deep down, everyone's a Ferengi.
Rule 285 - No good deed ever goes unpunished.
Rule 286 - When Morn leaves, it's all over. (Quark made this rule up)
Rule 299 - Whenever you exploit someone, it never hurts to thank them. That way, it's easier to exploit them the next time. (Neelix made this rule up)
The Unwritten Rule - When no appropriate Rule applies, make one up!


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Long-Term Projections for Social Security

This October, the Congressional Budget Office (CBO) released its Long-Term Projections for Social Security. Like the two long-term projections before it, this projection finds social security in even worse shape than expected. The main conclusion is that by 2014 the Social Security Trust fund will be running perpetual cash flow deficits—three years ahead of what was predicted last year.

#economics #politics

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House Subcommittee on Domestic Monetary Policy

With the Republicans coming to power, Paul, who would like to abolish the Fed and the nation's current monetary system, will become the chairman of the House Subcommittee on Domestic Monetary Policy.


#politics #economics

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Greed is the purest, most noble, of emotions

So, after like 3 years here, I have finally enrolled in the ESPP. My inner Ferengi can breathe a sigh of relief knowing that I am no longer ignoring an avenue for profit. You're welcome, Inner Ferengi. Blessed be the Great Material Continuum.


#work #economics

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 Tom wonders if anyone

I wonder if anyone has considered, you know, only spending as much as we take in? Balanced budgets are a wondrous thing. Running a National Deficit is just an insane way to keep our books.


#politics #economics

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Nuff said

I want to end the Fed.


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Understanding the Audience

So, a recent online poll on my blog showed that 70% of you found yourselfs allied with Milton Friedman, both socially and economically. In an effort to better understand the audience, I did some quick research and asked a few questions. Turns out, his work "Free to Choose: A Personal Statement" was among his most respected works and well represented his views late in his life. So I bought it. To balance the order out, I also bought "The Communist Manifesto" and to make the myself appear falsely academic, I added a book on the philosophy of language called "Naming and Necessity". My proof follows:

If anyong out there wants a copy of these books, you can get them here:

Next up? Select works from Mikhail Bakunin to better understand a social/economic theorist closer to my current position. It'll be interesting to read the arguments for the claims I've been making.


#blogging #economics #politics #academics #books

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