Wednesday, January 16, 2008
If I Had Figured This Out Earlier
There is a difference between liking something because you are good at it and genuinely liking it. I'm thinking strictly in terms of academic subjects. This confounding of the two certainly gave me some grief back in high school where I couldn't tell the difference.
If you truly like something, it'll give you the will power to make it through the times when you hit a wall. I didn't realize how important this was until I started encoutering things I couldn't understand... How I wished I had figured out this earlier.
If you truly like something, it'll give you the will power to make it through the times when you hit a wall. I didn't realize how important this was until I started encoutering things I couldn't understand... How I wished I had figured out this earlier.
Monday, January 14, 2008
ETF Bandits
Okay, most ETF providers charge reasonable rates and for most products there is a fair amount of competition offering similar if not identical products that I would think costs would have converged. But compare this to This! There is a 20 bps difference between the BlackRock fund v. the Vanguard version. As far as I can tell, they are essentially the same thing (perhaps someone reading this can correct me if I made a mistake on this one). Imagine an extra 20 bps will be shaved off right away if you select the BlackRock fund over the Vanguard one.
What's the big deal about 20bps anyway?
- Well, if you are someone who worries about 20bps, Congratulations.
- Another way to think about this is if you believe the equity premium is, say, 6% real going forward, you've just effectively squandered 3.33% of your future increase in wealth by a poor choice of funds!
- A third way to think about this is that giving away any amount of money when you have a perfectly suitable alternative is unacceptable.
What's the big deal about 20bps anyway?
- Well, if you are someone who worries about 20bps, Congratulations.
- Another way to think about this is if you believe the equity premium is, say, 6% real going forward, you've just effectively squandered 3.33% of your future increase in wealth by a poor choice of funds!
- A third way to think about this is that giving away any amount of money when you have a perfectly suitable alternative is unacceptable.
Sunday, January 13, 2008
Beat Them Back All the Time, Every Single Time
Florida and the state in which I will be working in are in the process of reviewing their school standards including standards for science. Particularly contentious in the case of Florida is the inclusion of teaching evolution being made explicit in the wording of the new standards. Oh, and the anti-evolution crowd are crying bloody murder and for "equal time". Great, just great. Let me just cross off another state on my list of places where I would consider starting a family.
Evolution is the foundational framework underlying all of modern biology. There is no legitimate, standing scientific theory that stand in opposition to it. See Kitzmiller v. Dover, our modern day Monkey Trial. Perhaps it's unrealistic to think that religiously motivated creationists would ever learn their lesson to keep science in the science classroom and religious beliefs in RE. Though, I admit seeing these Luddites beaten back and laughed off the stage every time is a guilty pleasure. They must be and will be beaten back each and every time. Florida citizens, for science!
Evolution is the foundational framework underlying all of modern biology. There is no legitimate, standing scientific theory that stand in opposition to it. See Kitzmiller v. Dover, our modern day Monkey Trial. Perhaps it's unrealistic to think that religiously motivated creationists would ever learn their lesson to keep science in the science classroom and religious beliefs in RE. Though, I admit seeing these Luddites beaten back and laughed off the stage every time is a guilty pleasure. They must be and will be beaten back each and every time. Florida citizens, for science!
Thursday, January 10, 2008
You Have Been Waylaid!
Two events over break: 1. Retired the trading strategy. Needs some reworking. 2. Found a real job. Now I just have to make sure I graduate by finishing my thesis and completing my credits.
BEHOLD: The Merrill Lynch Wealth Management Process. This highly factual graphic definitely signals to me that my (potential) account with Merrill is being handled by a safe pair of hands!
BEHOLD: The Merrill Lynch Wealth Management Process. This highly factual graphic definitely signals to me that my (potential) account with Merrill is being handled by a safe pair of hands!
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