Notice the trend [in JPMorgan’s data]? That’s right, there is no trend – except up-and-down, up-and-down. It’s a perfect picture of the volatility that comes with a big trading and investment banking operation, which JPMorgan Chase certainly has. In this case, it’s relatively successful, but highly unpredictable.
[embedded JPMorgan and Wells Fargo earnings-per-share chart]
Now look at the trend here, and try to ignore the last 11 data points (the financial crisis and its aftermath), for Wells Fargo. Through the third quarter of 2007, it’s an almost uninterrupted line, rising ever-so-slightly each period. It’s almost boring. And that’s the point.
It’s said that Eskimos have multiple words for snow because snow is so familiar to them that they can appreciate the subtle differences between different types of snow. These additional distinctions enable Eskimos to respond differently to different types of snow, depending on the challenges and opportunities each particular type of snow is presenting them with.
Most of us have just one distinction for demotivation, which means that you’re likely to assume that you’re struggling with the same problem whenever you’re demotivated, when in fact demotivation is a category of problems that has many different distinctions within it. When you have just one distinction for demotivation, you’ll apply the same old strategies whenever you feel demotivated, which for many people looks like this: set goals, push harder, create accountability checks that will push you, and run your life using GTD methods and to-do lists. These strategies are ineffective with most types of de-motivation, and in some instances they can even make you more demotivated.
In the end, social responsibility is a financial calculation for executives, just like any other aspect of their business. The only sure way to influence corporate decision making is to impose an unacceptable cost—regulatory mandates, taxes, punitive fines, public embarrassment—on socially unacceptable behavior.
Pleas for corporate social responsibility will be truly embraced only by those executives who are smart enough to see that doing the right thing is a byproduct of their pursuit of profit. And that renders such pleas pointless.
Lost the (via) credit somewhere in the day’s activities. Apologies.
You are not Cory Doctorow. Your Whuffie is a finite resource. It’s no more difficult than devoting near-constant attention to an every-changing array of platforms and apps, and, on top of that, knowing when to jump into a specific pool (early) and when to hop out (a microsecond before it gets MySpaced).
The realization that you may have biases that you are unaware of, and that you are not as rational and objective as you assumed, can be frightening and disorienting. However, you can reduce bias by becoming aware of implicit bias within yourself and accepting that implicit bias exists in our society. This means that you should no longer maintain naïve notions that you live in a meritocracy; that you are racially “colorblind”; that racism comes from only those who self-identify as racists; that you can ignore somebody’s race and gender when you are evaluating them; or that white men in STEM [science, technology, engineering and math] fields are the last people who should worry about being biased. Ignoring bias or pretending it does not exist does not make it go away. Ignorance of bias does not indicate intellectual purity.
I’m not entirely sure why white men are singled out here but the point is good nonetheless.
All around us information seems to be multiplying at an ever increasing pace. New books are published, new designs for toasters and i-gadgets appear, new music is composed or synthesized and, perhaps above all, new content is uploaded into cyberspace. This is rather strange. We know that matter and energy cannot increase but apparently information can.
It is perhaps rather obvious to attribute this to the evolutionary algorithm or Darwinian process, as I will do, but I wish to emphasize one part of this process — copying. The reason information can increase like this is that, if the necessary raw materials are available, copying creates more information. Of course it is not new information, but if the copies vary (which they will if only by virtue of copying errors), and if not all variants survive to be copied again (which is inevitable given limited resources), then we have the complete three-step process of natural selection (Dennett, 1995). From here novel designs and truly new information emerge. None of this can happen without copying.
Mark von der Burg [is] the Eastside real-estate agent who, two months ago while prepping for an open house to sell a $3.3 million mansion in Kirkland, was stunned to find that complete strangers had moved in and were staking a tortured legal claim to the foreclosed property.
These squatters sounds like upscale “bandos”, but it sounds like they are really just scammers - looking for something for nothing. The real estate bust has really brought out the worst in some people.
“Tmrw @ 1 pm ET we’ll host a chat w @CindyRoyal & @Tiffehr about why journalism needs more female programmers, developers, tech reporters …”—My first retweet on Twitter and it’s for self-promotion (kinda). You’re all about to unfollow me, huh?
“The best answer for how to get access to [Ron Conway] who’s arguably the most powerful angel investor in the tech industry is an example of an explicitly closed network that’s illustrated with an implicitly closed analogy to a sport that women are prohibited from playing. “Hey, I’ll fund anybody. I meet entrepreneurs in the ladies’ restroom outside of screenings of Eat, Pray, Love. All are welcome.”—Mechanisms of Exclusion - Anil Dash
Giant red heart icon for pointing it out so clearly.
I’m more interested in the motives and character of people who offer “information” to reporters off the record on strict conditions of anonymity, when they’d risk nothing by speaking on the record other than loss of status or popularity, and perhaps their comfortable seats on corporate or not for profit boards. They’re not whistleblowers, exposing illegal or unethical activity and requiring anonymity to protect their livelihoods, or freedom. They’re not “leakers,” providing objective evidence of wrongdoing or offering allegations that can be investigated and independently corroborated. They’re gossips, and sometimes backstabbers, whose information may be no more reliable then the alliances they extend to the people they betray. Or they’re simply cowards, with access to reporters who pander to their adolescent fears of not conforming …
“We did, however, leave out one thing — comments. So enjoy the peace and quiet of not having to wade through all the brilliant critiques from this great nation’s junior high masterminds.”—About Devour (via brianoberkirch)
“If OAuth is so great, why can’t Ushahidi support it? We would love to support OAuth, but at this time there isn’t a secure, convenient way to implement it in open source software. The reason being is every application that wants to connect to individual user accounts on Twitter must be registered and have a secret key hidden somewhere in the code. This is a problem for Ushahidi for two reasons, every deployment of Ushahidi is essentially its own application and would require registration for each one. Also, OAuth requires that applications have a secret key (like a password) that can’t be shared with anyone else. This key would have to be stored in the open sourced code (meaning anyone could take it and perform acts of evil).”—Twitter’s OAuthcalypse and Ushahidi – The Ushahidi Blog
One of the better, easy-to-remember explanations I’ve read.
“June 2008 was another such reconfirmed [Hindenberg Omen], and as Barron’s pointed out then, “there’s a 25% probability of a full-blown stock-market crash in the next 120 days. Caveat emptor.” Boy was the emptor caveating within 120 days (especially if said emptor was named Dick Fuld). Which brings us to the present: should the Omen be reconfirmed within 36 days, all bets are off.”—The Hindenburg Omen Has Arrived | zero hedge
I enjoy the flair around emptors caveating, but this still sounds like something out of Harry Potter fan fiction. Beware the black swan grim death dog something something! Who names these things?
The Larsen-McClellan Partnership is beyond itself with excitement to announce the hiring of new employee, Lionel August Larsen McClellan, on Thursday August 12, 2010 at 2:31 p.m. This new hire, previously known as “The Passenger”, is healthy and happy, as is Christine Larsen, who handled the…
Soooo geeky. I’d say “poor kid” but I’m sure he’ll be perfectly happy.
“Leonardo knew too much for a painter. It seems that painting his beautiful heads, he couldn’t free himself from the thought of the skull, the brain, the network of veins, of everything he learned from the autopsy of corpses. Shouldn’t a painter know only the skin of the world? At every step, Leonardo the painter was ambushed by Leonardo the anatomist. And hence the sad wisdom and the melancholy of knowledge in his paintings.”—Zbigniew Herbert, Leonardo’s Disquiet (via nybooks)
“It’s time to face facts: San Francisco is spectacularly mismanaged and arguably the worst-run big city in America. This year’s city budget is an astonishing $6.6 billion — more than twice the budget for the entire state of Idaho — for roughly 800,000 residents. Yet despite that stratospheric amount, San Francisco can’t point to progress on many of the social issues it spends liberally to tackle — and no one is made to answer when the city comes up short.”—
Also notable: “The conversation between the mayor-who-slept-with-his-appointments-secretary and the department-head-accused-of-sexually-and-religiously-harassing-his-spokeswoman (in writing!) must have been one for the ages.”
I always laugh when somebody says, “don’t be so judgmental.” Being judgmental is just what we do. Not being judgmental really would be like death. Normative behavior is normal. That original self-conscious, slightly despairing glance in the mirror (together with, “Is this it?” or “Is that all there is?”) is a great enabler because it compels us to seek improvement.