investing – Investing Returns on the Market as a Whole
Note that this stock market simulation assumes a portfolio that is invested in 100% US Stocks. While a lot of the results show that 100% Stocks can generate an impressive return, this is not an ideal portfolio.
In addition to this, this curve only looks at one lump sum of initial investing.
Source: investing/README.md at master · zonination/investing
There is something deeply disquieting about Zuckerberg’s incremental increase in control. It is the opposite of the direction that the world of investment and corporate governance is going in. The conversation around Facebook shouldn’t be about Peter Thiel, it should be about the role of the board as a whole. It should be about the implications of what it means to have one person, as gifted and well intentioned as Mark Zuckerberg may be, having so much control over a company that has so much impact on so many people’s lives.
Source: How the World Works – The Atlantic
Americans persist in thinking that Adam Smith’s rules for free trade are the only legitimate ones. But today’s fastest-growing economies are using a very different set of rules. Once, we knew them—knew them so well that we played by them, and won. Now we seem to have forgotten
In the long run, [Friedrich List] argued, a society’s well-being and its overall wealth are determined not by what the society can buy but by what it can make. … In strategic terms nations ended up being dependent or independent according to their ability to make things for themselves. … That is, if you buy the ton of steel or cask of wine at bargain rates this year, you are better off, as a consumer, right away. But over ten years, or fifty, you and your children may be stronger as both consumers and producers if you learn how to make the steel and wine yourself.
Source: Automation Should Be Like Iron Man, Not Ultron – ACM Queue
Q: Dear Tom: A few years ago we automated a major process in our system administration team. Now the system is impossible to debug. Nobody remembers the old manual process and the automation is beyond what any of us can understand. We feel like we’ve painted ourselves into a corner. Is all operations automation doomed to be this way?
A: The problem seems to be that this automation was written to be like Ultron, not Iron Man.
In the long run this creates a very serious problem. The work left over for people to do becomes, by definition, more difficult. At the start of the process, people were doing a mixture of simple and complex tasks. After a while the mix shifts more and more towards the complex. … Taken to its logical conclusion, this paradigm results in a need to employ impossibly smart people to do impossibly difficult work.
I often get asked something along the line of, “If you weren’t leading Automattic, what would you work on?” There’s not a single answer to this question; the answer changes day to day. But I think if you asked me today, I’d say I would like to start a bank.
Source: Starting a Bank | Matt Mullenweg