via The System ( www.notquitewrong.com)
The optimist proclaims that we live in the best of all possible worlds; and the pessimist fears this is true.
James Branch Cabell, The Silver Stallion, 1926 US essayist & novelist (1879 - 1958)
Charlie and I believe that a CEO must not delegate risk control. It’s simply too important. At Berkshire, I both initiate and monitor every derivatives contract on our books… If Berkshire ever gets in trouble, it will be my fault. It will not be because of misjudgments made by a Risk Committee or Chief Risk Officer.
Warren Buffett, in his letter to shareholders for 2009: http://www.berkshirehathaway.com/letters/2009ltr.pdf
Sometimes doing your best is not good enough. Sometimes you must do what is required.
Winston Churchill
Technology (noun): New stuff that doesn’t work very well or that works in mysterious, unknown ways.
Donald Norman’s definition, from his new book, Living With Complexity, due out in October 2010.
DAYTUM
Link: DAYTUM
Have not looked around much, but I have the feeling that it could be useful for something, sometime:
“Daytum helps you collect, categorize, and communicate your everyday data.”
On MicroSD Problems « bunnie’s blog
Link: On MicroSD Problems « bunnie’s blog
Fascinating detective work, and a fascinating look into the world of electronics manufacturing.
You wait for the good moment—the infamous first thought—but nothing happens. There is a thought of giving up the whole thing, or else trying to crank something up artificially. But neither one of those things works. Then you sort of become distracted by something else—and when you come back, there it is!
Chögyam Trungpa Rinpoche, True Perception
Another look at ROI vs IRR
Link: Another look at ROI vs IRR
In the same vein as the VC’s look at investment return, Mind Your Decisions has a nice look at ROI vs IRR, and why Internal Rate of Return is the one you actually want to look at.
Future Shock
Link: Future Shock
“The Real Work is not formatting the margins, installing the printer driver, uploading the document, finishing the PowerPoint slides, running the software update or reinstalling the OS.
“The Real Work is teaching the child, healing the patient, selling the house, logging the road defects, fixing the car at the roadside, capturing the table’s order, designing the house and organising the party.”