Easy Think

May 11

Feb 8

“A big percentage of Cal-Tech grads are going into finance. I regard this as a regretfully bad outcome. They’ll make a lot of money by clobbering customers who aren’t as smart as them. It’s a mistake. I look at this in terms of losses from the diversion of our best talent going into some money-grubbing exercise.”

Charlie Munger

I saw this after reading Bryce’s post about a hedge fund manager that made $5 billion last year.  While $5 billion might be a outlier, 2010 did mark the biggest year of wall street compensation, $135 billion.

Over the last few weeks I have been reading (well to be honest listening) to Andrew Sorkin’s book Too Big To Fail.  So far it is the best book at getting into the raw details of the financial met down and bail out.

The US probably did the right thing to bail out wall street and not let the financial system collapse in 2008-09, but there is a part of me which would have loved to have seen it collapse to nothing.  A complete wipeout. Which would have forced these super smart people to do something else with their lives other then betting numbers into computer screens. 

(via siminoff)


Feb 3

“Here we have the man who invented the personal computer, then the laptop. He’s now destroying them. That is an amazing life.” (Rupert Murdoch on Steve Jobs)

Jan 30

I wish my country would respect sidewalks…

Especially the Ateneo/UP sidewalk on the way to the Katipunan station near the hair salon with the hotdog stand located beside the congested road….And hotdogs beside the road?…really?


Jan 27

Jan 26


“Here’s my theory: Since returning to Apple in 1996, Jobs has pushed the company to achieve one of his long-held goals—to turn computers into mainstream appliances as ubiquitous and easy-to-use as televisions, toasters, and food processors. He has been stunningly successful in achieving that vision. And now he’s probably done. The tech world, today, looks more or less exactly like what Steve Jobs has always said the tech world should look like, and Apple is one of the most valuable companies in that universe. What more is there left for Jobs to do?”

Farhad Manjoo, “Why Steve Jobs Won’t Return to Apple,” Slate (via laurasurma)

(*my thoughts: - I agree…The guys lucky to finally see the changes he wanted to see from the humble start of the tech industry until the present. Pretty good run.)

(via laurasurma)


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