Apple released their new high-end iPad this week … PC-makers weeped.
Apple has effectively taken the air out of the tires of the personal computer market with the iPad.
Here is a jaw-dropper of a chart.
Talk about Creative Destruction …
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Here Are Some Links for Your Weekend Reading
Reminds me of Sergeant Schultz from "Hogan's Heroes" … but I know nothing.
Here are some of the posts that caught my eye. Hope you find something interesting.
- 25
Cutting Edge Technologies That Will Change the World. (List25) - Predicting
the Future: TED Radio Podcast. (NPR) - It
Takes Purpose to Become a Billionaire. (Harvard Business Review) - Is
Little Data The Next Big Data? (Linkedin) - CrossFit
Nation – Does America's Rapid Adoption of This Type of Sporting Say Something
About Its People? (TheWeeklings)
- Wall
Street Has Changed Since the Crisis … But Has Washington? (Slate) - Why
We Didn’t Learn Enough From the Financial Crisis. (Harvard Business Review) - 100
Startling Facts About the Economy.
(Motley Fool) - The
Youngest Billionaires on the Forbes 400 – 20 Under 45. (Forbes) - Trading
Bots Create Extreme Events Faster Than Humans Can React. Algorithms now
show collective behavior that we do not control. (ArsTechnica)
- 25
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Twelve Mistakes That Contribute To Poor Decision Making
Here are twelve mistakes that contribute to poor decision making.- Selective Search for Evidence: Gathering facts that support pre-determined conclusions, but disregard other facts that support different conclusions.
- Premature Termination of Search for Evidence: Accepting the first alternative that looks like it might work.
- Inertia: Being unwilling to change old thought patterns.
- Selective Perception: Prematurely screening out information not assumed to be useful.
- Wishful Thinking: Wanting to see things in a positive light.
- Recency Effect: Putting undue attention on recent information and experience while minimizing the value of information collected in the past.
- Repetition Bias: Believing what’s been stated the most often and by the greatest number of sources.
- Anchoring and Adjustment: Being unduly influenced by initial information that shapes your view of subsequent information.
- Group Think: Conforming to peer pressure or the opinions of the majority.
- Source Credibility: Rejecting input from sources prematurely judged to not be credible (or not “cool” or “in sync with the way you do business.”)
- Attribution Asymmetry: Attributing success to your team’s abilities and talents, but attributing failures to bad luck and external factors.
- Role Fulfillment: Conforming to the decision making expectations others have of someone in your position.
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Here Are Some Links for Your Weekend Reading
The Obamacare website fiasco is still capturing the imagination of cartoonists.
Here are some of the posts that caught my eye. Hope you find something interesting.
- The
Habits of Successful People: They Start Before They Feel Ready. (Buffer) - When
You Are Innovating, Resist Looking for Solutions. (Harvard Business Review) - A
Surge in Growth for a New Kind of Online Course. (NYTimes) - 15
Free Online Courses That Are Actually Worth Your Time. (BusinessInsider) - 5
Infamous Tech Predictions. (Forbes)
- Is
Hyperinflation Just Around The Corner? (Forbes) - Economic
Conditions Snapshot. Optimism for the global economy is increasing. (McKinsey) - China
to Allow Hedge Funds to Raise Money and Invest Overseas. (Hedgeweek) - The
Case for Systematic Decision-Making. (TurnkeyAnalyst) - Alternatives
a Safe Haven in Changing Investment Game. Making non-traditionals part of
"risk-tolerant, panoramic portfolio" (InvestmentNews)
- The
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How the Economic Machine Works [Ray Dalio Video]
Ray Dalio leads one of the world's largest hedge funds, Bridgewater Associates.
To explain how the economy works, Dalio has put together a 30-minute animated video called "How the Economic Machine Works," where he narrates his big-picture view of the economy, which he claims works like a simple machine.
"I feel a deep sense of responsibility to share my simple but practical economic template," Dalio says. "Though it's unconventional, it's helped me to anticipate and sidestep the financial crisis, and it has worked well for me for over 30 years."
Here is the video.
According to Forbes, Dalio is worth almost almost $13 billion, so it's safe to say his economic template has served him well.
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Where Microsoft Makes Its Money
Microsoft released some interesting stuff this week.
The update to Windows 8 is here.
They released an app that lets you control your desktop from your iOS or Android device.
Also, here is a chart that shows where Microsoft makes its money. For someone that doesn't pay that close attention to micro moves coming out of Redmond, the chart is somewhat surprising.
On one hand, notice that Microsoft's Windows franchise (which was once dominant) is now stagnant. On the other hand, it's easy to see that there is much more to Microsoft than just Windows.
As you can see, the Office business, and the Server & Tools business
are both bigger than Windows and growing at a healthy rate.
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Here Are Some Links for Your Weekend Reading
The Markets are up and the Government is open again; so everything must be fine.
Here are some of the posts that caught my eye. Hope you find something interesting.
- The
Daily Routines of 7 Famous Entrepreneurs and How to Design Yours. (BufferApp) - Richard
Feynman: Eccentric Genius on Life, the Universe and Everything. (Telegraph) - We've
Found Water on Mars—Two pints per cubic foot of soil, to be exact. (Newser) - If
We Meet Aliens: What to Do? The Ethics of Interstellar Encounters.
(Discovery) - 10
Siri Tricks To Help You Be Your Most Productive Self. (Openforum)
- Why
Every Small Employer Should Sign Up For Obamacare's SHOP Exchange. (Forbes) - T.
Boone Pickens No Longer a Billionaire – Forbes List. (BusinessInsider) - High-Frequency
Trading: Business Gets Tough for Wall Street Gunslingers. (FT) - This
Sociological Theory Explains Why Wall Street Is Rigged for Crisis. (The
Atlantic) - Twitter
I.P.O. May Set Stage for Resurgence in Tech Offerings. (NYTimes)
- The
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Visualizing the Federal Shutdown In One Chart [Live Infographic]
This dashboard shows the effects of the current Federal Government shutdown.
The stats at the top are updated live based on average figures multiplied by the time since the shutdown began.
To get a sense of the overall situation, the treemap graphic
shows which federal employees are still at work, and which are
furloughed.
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Here Are Some Bets You Will Always Win
There are some games you shouldn't play if the odds are stacked against you.
Here are some clever ways to to get an edge.
And here are a few more you can use with your friends.
For more, go to the Quirkology page.
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Dow Jones Industrials Still Trading Above Key Support Levels
This week, the Dow Industrials bounced-off its 200-day moving average and technical traders relaxed a little.
Earlier in the week, a number of U.S. stock indexes briefly slipped below their 50-day averages. Despite the Shut-Down, they have bullishly regained those support lines.
A key example took place in the Dow Industrials. The chart shows the Dow bouncing off initial chart support at its late August intra-day low (14760) and its 200-day average (red line). For technical traders, that is a very important test.
The sharp rally has kept the Dow above those two important support levels.
