How much you value the present is known as time preference. The more you value the present the more you will spend now and the less money available for lending. This causes higher natural interest rates which makes businesses invest less in the future capital equipment or R&D. This makes sense. If people are worried about eating next year it is worth more to plant more aces of crops than use that money to buy new equipment.
The more forward looking you are the more you save. This makes more funds available for lending and a lower interest rate. This gives businesses the clue that it's time to invest in capital equipment and R&D. Again this makes sense. If you are confident about the present and you are looking forward your present needs are met and you can start building capacity.
Unfortunately the natural interest rate has been hijacked by the federal reserve. This means businesses have no idea what people are thinking. The fed pushes rates low and this gives a false signal people have a low time preference. They go off and invest in capital equipment when they should be worried about current consumable production. This is why the business cycle happens.
Us old farts were always in for a ninteno treat on launch day. NES we had super Mario brothers. SNES Super Mario World, n64 Super Mario 64. At each launch they released games that rewrote the book on video games. Then came the Gamecube. And nothing. The best game was Rougue squadron by Factor 5. I thought they learned the lesson because the Wii had Twilight Princess pretty close to launch. 3rd? Nothing.
The middle men always bitch when they are cut out. It goes to show a natural monopoly won't last long if it's abused. The music and book publishers abused their position for so long they actually thought they were indispensable. They thought wrong.
Who is the sales tax supposed to benefit? I pay property taxes to pay for my schools, police, fire, ect. The sales tax is a tax for the state to generate money to service business interests like courts ect. If the store is out of state it seems the state they qree located in should complain not where they deliver the box.
You can only have a monopoly with government backing. If Amazon becomes the only player it will be because they are serving the authors and customers the best. As long as the government doesn't create artificial barriers to entry than it is not a problem. As long as Amazon runs their business well they will succeed. If it goes to their head and they start to abuse their place thinking they have no competition they will be sorely mistaken.
First off the amount of money you spent on R&D has little correlation with the value of the invention. The market places more value on Snuggie for Dogs than millions in research spent on New Coke.
Take some industries that don't have IP such as restaurants and fashion. There is lots of innovation and money being made with no laws to protect ideas. In fact it speeds up innovation since all resources are brought to bear on staying innovative and not playing the legal game.
I agree wholeheartedly. I mentor high school interns in STEM programs.
There is a difference between praising the work and patronizing. You shouldn't coddle a kid just because he is a kid. Tell them the truth. Say good effort but did you check this? I respect people that try to poke holes in my design because it makes it better.
The whole concept of property is the ownership of a particular scarce resource such as land or object. The main word is scarce. It is something that your use precludes me using it. If you eat my cake I can't eat it. If you build a something on my land I can't build in it's place.
Ideas are not scarce. In fact they are the exact opposite. Ideas can be copied infinitely without destroying any copies.
The phrase "Intellectual Property" is an attempt to claim an idea is property which it can never be.
You have to recognize patents for what the are. Government granted monopolies on ideas. They should be eliminated. Great ideas have a natural monopoly based on how much of a technological leap they are because it takes the competition time and money to catch up.
Since you are a lawyer you are already heavily armed. You have the complete police state and the monopoly of the legal use of the instigation of violence at your disposal. What? Did you think people comply with your insane laws and judgements for any other reason?
Also he set the panel at 45 degrees. In New York in October the highest the sun gets is 35 degrees and in December it's 25 degrees. So for best collection the panels during this time is about 70 degrees. For the whole year it is a about 60 degrees. He had it way to shallow to begin with.
It would be easy to do the calculations if he had a good drawings You could check the light hitting each panel.
Actually with the bond yields falling my bond prices are rising nicely. The oldest ones I bought 4 years ago for $100 and mature in 2037 and are yielding 5%. They are at about $127.
Read again. He said re-balance once a year and if you are watching the market and there are some big swings check your portfolio to see if any go below 15% or above 35% or the total value. I check it once a month and it rarely requires re-balancing.
You are forgetting the rebalancing. When gold goes up and stocks go down enough you sell gold to buy stocks. When it reverses you do the same. He recommends rebalancing when one goes more than 10% from 25%.
Let me elaborate the rebalancing. If any one gets below 15% or above 35% of your total holdings you sell and buy those categories to return to 25%. This allows you to automatically buy low and sell high. Also as you put more money into your account you put it in the cash holdings.
I've been using this for about 10 years now. So I have been selling gold for the last few years as it climbed and took up more of the portfolio. Also during the crash in 2008 bonds spiked and I had to sell some and buy stock to rebalance.
Since I've been using this I've averaged about an 8% per year return. You don't have to believe me run the numbers yourself they are all available.
Harry Browne wrote a book about investing called "Failsafe Investing". In he he makes a pretty good statement. You can't beat the market long term. Any investment you make based on past performance is not logical. He proposed a thought experiment. Take a room of 100 people. Ask them to individually pick heads or tails. Flip a coin 6 times. You will likely have at least one person that picked all 6 right. Are they psychic? Are they the best coin flip picker? Nope they were lucky. The same with investors that try to beat the market. And if you put your eggs in their basket they are subject to the same luck as everyone else.
His advice that has helped me grow my portfolio?
25% in S&P 500 fund 25% in Gold Bullion 25% in 30 year US Treasuries (Sell and buy new ones when they get within 25 years of maturity) 25% in Money Market.
I am a Nintendo fanboy. I have a 3DS and an iPad. Right now I use the iPad more for my entertainment purposes. Like any nintendo fan you learn to wait for the good games because there are some great ones. Bu you need something to do while waiting. I tried playing games on the iPad but they are terrible. You would think some games like RTS or Sim City type games would be perfect for porting but with the price pressure they come out horrible. I mean advanced wars for the old Game boy is better than anything I found so far.
The thing people are confusing is my life doesn't have a certain amount of hours reserved for gaming per se. I have leisure time. Right now it is being filled by browsing/. on my iPad.
The hostility comes because most green initiatives involve the use of force. Either force to collect tax money to be wasted on things that are never used like many mass transportation systems. Or force to hike up the prices of things people want to use like gasoline. I have no problem with environmentalists that live their own lives and use them as an example. When they use force to make other people bend to their will is when I object.
I was thinking about all of these futuristic movies with autonomous cars driving on these California like freeways. In reality if all cars were automated and networked you would only need street level crossings of highways. The cars could weave into the cross traffic at full speed without incident. It might be scary for us old timers but not for long.
Slashdot Mirror
How much you value the present is known as time preference. The more you value the present the more you will spend now and the less money available for lending. This causes higher natural interest rates which makes businesses invest less in the future capital equipment or R&D. This makes sense. If people are worried about eating next year it is worth more to plant more aces of crops than use that money to buy new equipment.
The more forward looking you are the more you save. This makes more funds available for lending and a lower interest rate. This gives businesses the clue that it's time to invest in capital equipment and R&D. Again this makes sense. If you are confident about the present and you are looking forward your present needs are met and you can start building capacity.
Unfortunately the natural interest rate has been hijacked by the federal reserve. This means businesses have no idea what people are thinking. The fed pushes rates low and this gives a false signal people have a low time preference. They go off and invest in capital equipment when they should be worried about current consumable production. This is why the business cycle happens.
Us old farts were always in for a ninteno treat on launch day. NES we had super Mario brothers. SNES Super Mario World, n64 Super Mario 64. At each launch they released games that rewrote the book on video games. Then came the Gamecube. And nothing. The best game was Rougue squadron by Factor 5. I thought they learned the lesson because the Wii had Twilight Princess pretty close to launch. 3rd? Nothing.
The middle men always bitch when they are cut out. It goes to show a natural monopoly won't last long if it's abused. The music and book publishers abused their position for so long they actually thought they were indispensable. They thought wrong.
Who is the sales tax supposed to benefit? I pay property taxes to pay for my schools, police, fire, ect. The sales tax is a tax for the state to generate money to service business interests like courts ect. If the store is out of state it seems the state they qree located in should complain not where they deliver the box.
You can only have a monopoly with government backing. If Amazon becomes the only player it will be because they are serving the authors and customers the best. As long as the government doesn't create artificial barriers to entry than it is not a problem. As long as Amazon runs their business well they will succeed. If it goes to their head and they start to abuse their place thinking they have no competition they will be sorely mistaken.
I'd still be better than the 30% the dogs missed.
If your breath smells like an ashtray I'm pretty sure you got cancer.
First off the amount of money you spent on R&D has little correlation with the value of the invention. The market places more value on Snuggie for Dogs than millions in research spent on New Coke.
Take some industries that don't have IP such as restaurants and fashion. There is lots of innovation and money being made with no laws to protect ideas. In fact it speeds up innovation since all resources are brought to bear on staying innovative and not playing the legal game.
Good job finding two laws that were in existence for 10,000 years and attributing them to the current legal system.
I agree wholeheartedly. I mentor high school interns in STEM programs.
There is a difference between praising the work and patronizing. You shouldn't coddle a kid just because he is a kid. Tell them the truth. Say good effort but did you check this? I respect people that try to poke holes in my design because it makes it better.
The whole concept of property is the ownership of a particular scarce resource such as land or object. The main word is scarce. It is something that your use precludes me using it. If you eat my cake I can't eat it. If you build a something on my land I can't build in it's place.
Ideas are not scarce. In fact they are the exact opposite. Ideas can be copied infinitely without destroying any copies.
The phrase "Intellectual Property" is an attempt to claim an idea is property which it can never be.
You have to recognize patents for what the are. Government granted monopolies on ideas. They should be eliminated. Great ideas have a natural monopoly based on how much of a technological leap they are because it takes the competition time and money to catch up.
You are confusing your magical utopia where everything works perfectly according to you and the real world.
Since you are a lawyer you are already heavily armed. You have the complete police state and the monopoly of the legal use of the instigation of violence at your disposal. What? Did you think people comply with your insane laws and judgements for any other reason?
Also he set the panel at 45 degrees. In New York in October the highest the sun gets is 35 degrees and in December it's 25 degrees. So for best collection the panels during this time is about 70 degrees. For the whole year it is a about 60 degrees. He had it way to shallow to begin with.
It would be easy to do the calculations if he had a good drawings You could check the light hitting each panel.
Whoops sorry about that. I mean the coupon rate is 5% not the yield.
Actually with the bond yields falling my bond prices are rising nicely. The oldest ones I bought 4 years ago for $100 and mature in 2037 and are yielding 5%. They are at about $127.
Read again. He said re-balance once a year and if you are watching the market and there are some big swings check your portfolio to see if any go below 15% or above 35% or the total value. I check it once a month and it rarely requires re-balancing.
You are forgetting the rebalancing. When gold goes up and stocks go down enough you sell gold to buy stocks. When it reverses you do the same. He recommends rebalancing when one goes more than 10% from 25%.
Let me elaborate the rebalancing. If any one gets below 15% or above 35% of your total holdings you sell and buy those categories to return to 25%. This allows you to automatically buy low and sell high.
Also as you put more money into your account you put it in the cash holdings.
I've been using this for about 10 years now. So I have been selling gold for the last few years as it climbed and took up more of the portfolio.
Also during the crash in 2008 bonds spiked and I had to sell some and buy stock to rebalance.
Since I've been using this I've averaged about an 8% per year return. You don't have to believe me run the numbers yourself they are all available.
Harry Browne wrote a book about investing called "Failsafe Investing". In he he makes a pretty good statement. You can't beat the market long term. Any investment you make based on past performance is not logical. He proposed a thought experiment. Take a room of 100 people. Ask them to individually pick heads or tails. Flip a coin 6 times. You will likely have at least one person that picked all 6 right. Are they psychic? Are they the best coin flip picker? Nope they were lucky. The same with investors that try to beat the market. And if you put your eggs in their basket they are subject to the same luck as everyone else.
His advice that has helped me grow my portfolio?
25% in S&P 500 fund
25% in Gold Bullion
25% in 30 year US Treasuries (Sell and buy new ones when they get within 25 years of maturity)
25% in Money Market.
Rebalance once a year.
I am a Nintendo fanboy. I have a 3DS and an iPad. Right now I use the iPad more for my entertainment purposes. Like any nintendo fan you learn to wait for the good games because there are some great ones. Bu you need something to do while waiting. I tried playing games on the iPad but they are terrible. You would think some games like RTS or Sim City type games would be perfect for porting but with the price pressure they come out horrible. I mean advanced wars for the old Game boy is better than anything I found so far.
The thing people are confusing is my life doesn't have a certain amount of hours reserved for gaming per se. I have leisure time. Right now it is being filled by browsing /. on my iPad.
The hostility comes because most green initiatives involve the use of force. Either force to collect tax money to be wasted on things that are never used like many mass transportation systems. Or force to hike up the prices of things people want to use like gasoline. I have no problem with environmentalists that live their own lives and use them as an example. When they use force to make other people bend to their will is when I object.
I was thinking about all of these futuristic movies with autonomous cars driving on these California like freeways. In reality if all cars were automated and networked you would only need street level crossings of highways. The cars could weave into the cross traffic at full speed without incident. It might be scary for us old timers but not for long.
If you break a DS you can go to the nintendo website and buy a replacement for $85.
Any time I see a 10 year budget I get a good chuckle. We don't even have a budget for this year.