The last time I found a book explaining the workings of a stock exchange was literally called The Work of the Stock Exchange, describing the New York Stock Exchange in 1922. Confusion of Confusions is a bit older. 234 years older. Published in 1688, describing the Amsterdam Stock Exchange. One might assume that the first-ever stock exchange back in the 17th Century would be lacking most of the...
I fell into another nostalgic computing rabbit hole, this one a few years later, looking at how the Xerox STAR and Apple Lisa could have succeeded, wildly, bringing the graphical computing era forward by almost a decade. That story begins with an earthquake, a few months before Apple’s IPO. A quake that puts the company’s existence in peril and ends up waking up Xerox to the...
A talk by Richard Hamming. Bellcore, 7 March, 1986 Transcript I have given a talk with this title many times, and it turns out from discussions after the talk I could have just as well have called it “You and Your Engineering Career,” or even “You and Your Career.” But I left the word “research” in the title because that is what I have most studied. From the previous chapters, you have an...
Why does Africa lag behind the rest of the world as measured by economic development? Why didn’t Africa follow along with the growth of the Asian Tigers, China, India, and Southeast Asia? What was missing? Joe Studwell gives a plausible explanation in his new book, How Africa Works. TL;DR, the answer is population density. That isn’t a factor that I had ever considered, as Africa...
This blog has been quieter than normal as I started blogging on whatifonly.substack.com about a year ago. There are over 100 posts over there to read. The most popular topics and posts: INVESTING S&P 6 > S&P 494 S&P500 < Africa Better than PE, VC, and S&P 500 Returns ECONOMICS & Business Gold Accounting ≠ Truth How to create a tax base On a Daily Basis? The Valuation...
