Passion Trade-Off
By Kevin

Do Something, on the side....
I was reading this entry on the HBR blog and found it incredibly perceptive if not insightful. We all have this incredibly strange tendency to believe in an 'all-or-nothing' situation even when we don't actually live such lives. Perhaps we enjoy the binary-choice questions both because they are simple and elegantly reflects our priorities but we almost definitely would hate to be put into that kind of situation where there appears to be no 'third' way.
So must there really be a trade-off? Can't you hold on to your job while trying out something new in the backyard of your home in hopes that you'd create a new product for your future firm? Can you not work as an accountant by day and sing in a bar in the evenings? The people who succeed in doing what they really enjoy and receive the financial fruits do not always simply plunge into something that was initially judged as impossible or unprofitable. They experiment and achieve small wins that leads on to big wins; sometimes it is about persisting through the whole series of failures and hanging on (which might be impossible if you take the all-or-nothing mindset).
OMGPOP, the firm behind the overnight sensation app 'Draw Something' started out as a 'joke' according to its founder and was on the verge of winding up after 35 failed attempts to create an app that generates sufficient revenue for the firm. And then all of a sudden, Zynga came and bought the struggling start-up for $180 million. So were those guys lucky? Yes. But did they hold on to the firm because they believe they'll get lucky? I guess not; it was something closer to passion.
Sure, you can always imagine that if you had not put in that much in your passion, you could have made more money and live a more comfortable life. Or that if you had not suppressed your passion and pursued that high-paying job, you'll be happier. The grass is always greener on the other side. Learn to realise that you can actually balance it. And that life is not all-or-nothing.
RSA Animate
By Kevin
RSA has discovered a way of making talks really interesting by giving a life to the content of the talks. My personal favourite is this one on the crisis of capitalism:
There are other wonderful animations on many different topical issues found here.
Joy of Stats
By Kevin

Rosling's Charts
I was catching up on finishing my previous issues of The Economist before 2010 ends and I stumbled upon an article about Hans Rosling and his Gapminder Foundation. This Swede is really passionate about statistics and its presentation to the world. And I went on to discover that he came up with the Trendanalyzer software which Google took over and is now the Google Motion Chart.
Hans Rosling doesn't look like an exciting man on first impression; to rave about statistics and its presentation seem like a really odd thing for this professor of public health who is a physician by training. Yet he impresses people with the passion and enthusiasm he displays when he talks about development. It is the development statistics that are of particular interest to him; it is the way these numbers change or stay constant, correlate or indicates no relationship (though more often than not, they indicate false ones). You can watch his talks on TED.com and you'd discover that statistics is very much his starting point to drive home messages. And his grand message is really that if you can measure something, and you know about it, you can try and do something about it.
He presented a documentary on BBC, appropriately titled 'The Joy of Stats' where he talked about the uses of statistics and the powerful visualization tools in the real world and how it influences the lives of ordinary people.
The Wave
By Kevin

Receding Tide
Apparently Google decided to cease development of Wave (but maintain the site at least for the remainder of the year) because users have not exactly found good uses of the product and thus adoption and usage is not exactly ideal. After the initial fanfare and hype about Google Wave, I didn't quite use it. I personally think that the recorded typing might be useful under certain circumstances but not always and so users should be allowed to easily disable it. The arrangement of the discussions should also be in reverse chronological order so that you don't have to try to scroll down a really long discussion.
I discover these main ills because I did use it for a collaborative project I did recently. The system is useful for us in general but there were times when it was down. Seeing your friends type in real time might be fun but without a powerful computer, it lags and you might be tempted to reply when your friend have not finished what he wants to say. The good thing is that almost everything is recorded and we can always check back when necessary.
Yet the 'failure' of Google Wave represents the success of Google; by working on many different projects, Google manages to explore multiple ideas at the same time. While different amount of resources and efforts are dedicated to different projects, they are willing to terminate even a high-profile, hyped project show that their model is successful. The ability to create such a 'market-based' testing is immensely useful to the firm. Much must have been learnt from failed experiences and we really should celebrate all that.
Chart Play
By Kevin
I learnt about Google Charts API quite a while back but didn't quite found time to explore it. I had wanted to use it to create charts to showcase certain data trends on ERPZ so that I don't have to generate Microsoft Office graphics to be uploaded. For my experiment, I decided to use the same data set for the distance fares to generate a chart using the Google Charts API. I took the following that I used in the previous entry:
Using the wizard provided by Google and then tweaking the codes a bit here and there, I managed to create the following:
Adult Bus Fares MC curve (By Google)
It actually looks great and I guess in future, when I need to present any data on ERPZ, I'll be using this API.
Internet Addict & Such
By Kevin

Right from the thin air...
When I told my little cousin who is 9 year old that I didn't have the Internet to play with when I was at her age, she gave such a shocked face. She simply couldn't imagine how we could entertain ourselves with just a couple of Lego pieces or toy tea sets. Yet here we are, all grown up without the Internet until perhaps a little later. And even then, we didn't have facebook. Having an email was like a pretty cool thing but simply non-essential.
Today, not having an email address seem like a miracle. But The Economist argues it's difficult to generalize the 'net generation' or to think of these kids as being much different from the previous generations.
Yet, there's something more miraculous than not having an email today. It is the fact that we are constantly being bombarded and surrounded with energy that goes unused - what we term 'ambience radiation'. Imagine if we could harness this little-but-constant stream of energy to power our low-power devices. It is now possible, and we could run our clocks, sensors, possibly our transponder devices as well. It'll be great energy savings and perhaps we could get our ordinary calculators to run on them as well.
Finally, while the straw hut didn't work against the Big Bad Wolf, it has proven steady during earthquakes. The tech quarterly from The Economist this time didn't disappoint.
Pay Gates
By Kevin

Blocked...
I've been working on a couple of writing assignments that requires intensive research and I discovered to my horror that more journals are erecting pay gates for their articles. I subscribe to The Economist and so I don't have to worry about theirs but Wall Street Journal gives me quite some trouble.
I'm therefore actively using articles from The New York Times, Business Week and Fortune Magazine as my main sources. The Straits Times website pay gate frustrates me in particular because I want to keep myself updated on local news through their site but they're not helpful with it and worst, when I ever need an article from them, it is usually copied from New York Times or other international publications and yet they're hidden behind the pay gate.
For those working on more news research sort of stuff, note the publications without pay gates!
Dot.con
By Kevin

Popped!
I've recently finished John Cassidy's Dot.con I got from library many days back. John Cassidy is a staff writer at The New Yorker and I always liked his writings about Economics. I'll probably find a chance to lay my hands on his latest book, How Markets Fail: The Logic of Economic Calamities soon.
Meanwhile, Dot.con have been an interesting read. It's an old book, no doubt. I believe reading about the Internet Bubble now seem rather weird given that it has happened a while back and don't appear to have any immediate relation with what I've been working on. Still, I think that events like this have lessons to offer that are often missed out and I was looking to read something a little further back given that I've been updating myself with The Economist all the time. John Cassidy didn't fail me, starting his story from the time when the technology was developing for the rise of modern Internet, describing the roles that the US military and government played in its conception, research funding and even implementation. He combines the events leading up to year 2000 with interesting comparisons of speculative manias of the past and talks about retrospective telltale signs of irrationality.
He introduced me to Charles Mackay and his writing, Extraordinary Popular Delusions and the Madness of Crowds. I subsequently realised I had the sections of Charles Mackay's book in my 4-inch tome, The Real Price of Everything by Michael Lewis. Those pieces have just been added into my reading queue.
Cory Johnson reveals that John Cassidy was a rare skeptical voice with regards to the Internet Boom, but failed to live up to the promise of the title of the book:
Indeed, he is unable to dismiss the most fundamental notion (a mantra among the true believers) that the Internet changes everything. Despite the stock market meltdown, almost any reading of the evolving business practice wrought by the Internet suggests that more dramatic changes are yet to come.
In a sense, the Internet is not quite exactly an illusion so to speak. But I don't think that was what John Cassidy was driving at. His idea is that business fundamentals have been abandoned during the period and it shouldn't have been. The numbers he cites about businesses losing money even as stock prices climb is startling. He might have been against the arguments of the New Economy though, and he could have supported his argument with the fact that falling prices (with economic expansion) isn't entirely an internal affair of US but a result of the external forces as well.
I've enjoyed the little stories told by Dot.con surrounding the whole boom and crash of the Internet, especially those about individuals trapped in those industries contributing and taking part of the boom. Besides that, Dot.con serves as a good look at human behaviours during a speculative mania.



