267 karma · joined October 30, 2010
The number one enabler is the politicos who bend rules, ignore laws and create laws that disrupt an otherwise functioning system in an effort to strengthen MPG for those who have it and potentially acquiring some leftovers for themselves.
"hoarde.rs is based on Yahoo! Inc's del.icio.us a social bookmarking site that has recently been decommisioned."
This is not true. See -> http://www.delicious.com/
"Facebook: Looking For Bagholders: Don't let it be you."
Introduction to JavaScript and Browser DOM
Someone posted a link today to the PG essay on stuff. The site about.me makes me realize that maybe sometimes people collect too much virtual stuff. About.me seems to be just more social clutter in the tangled spider-web of a user's online profile. I don't see how about.me adds more value.
I'm going to write my own bookmark plugin that syncs data to my own server the way I like it. I don't care about sharing or viewing other people's bookmarks. I certainly don't feel like paying to organize my bookmarks.
Mixes and things like last.fm are no good because I always have to stop to see what is playing.
http://www.alextapanaris.com/cms/about
versus
http://webcache.googleusercontent.com/search?q=cache:PPhOZgL...
Maybe if a smaller company could scale to take on the wikileaks load, they might be able to earn trust and gain business from people that see the righteousness in the move.
One interesting thing is that the developer forums on Yodlee site like pretty desolate. Here is part of a message posted on 8-26-2010 which has zero responses.
"There are almost 200 of you that have gone through the full developer registration process and have access to building and testing applications inside of Yodlee.
There are five applications that have gone through full certification and are available in the Yodlee FinApp store in BETA with another six applications in the process of certification right now.
The forum has been quiet with questions recently, so what are people working on? What's blocking you from moving forward?"
I wonder if people just don't know about this or if the flex platform is deterring developers. It seems pretty cool.
Take a look at what the market thinks of the chances for a California default.
http://www.economist.com/blogs/dailychart/2010/11/credit-def...
As of a week ago, "The state with the biggest budget problems, California, is seen as slightly less likely to default than Spain but slightly more so than Italy."
Note that Spain is a total mess with an unemployment rate around 20%.
It's hard to default when your can print your own currency. I think the California bond holders will never take a haircut. The US will just print more dollars.
> You have to ask then if they own personal airplanes, yachts and private islands? If the answer is 'no', then you have to wonder why not?
I am a software developer. Am I not successful because I dont own personal airplanes and a private island? I don't think these things define my success. Regardless, you have provided a straw man argument.
The people I know who are successful traders all have different MOs. What defines there success is that they stay in the black. Hence, they are able to time the market.
You don't need minimum latency to the exchange, fastest computers, insider info. As an example check out the performance of Fund My Mutual Fund. This is a virtual mutual fund that is soon to launch for real.
Check out http://alphaclone.com/
You have to pay for a membership but the site is top notch. They parse investment fund's sec filings and allow you to backtest strategies to see how well they would have performed over a given time frame. You will find strategies that crush any index fund.
I am not affiliated with alphaclone.com.
I will note that the market is much different today than it was in 2004. Today HFT accounts for 70% of volume. That is huge. I think having an investing strategy that does not assume an asset will always go up is important.