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Message
Random Money/Business/Finance Thoughts Thread
Posted on 5/23/11 at 4:05 pm
Posted on 5/23/11 at 4:05 pm
Use this thread to state random thoughts when you don't find it necessary to start a new thread with respect to such. This thread is completely laid back. There need not be any logical thought flow between posts. Random gems and nuggets are encouraged.
The idea is for this thread to continually spit out new topics with respect to these issues; i.e. earnings reports, stock talk, new products, blogrolls, etc.; basically anything and everything that doesn't necessarily require a thread of its own. Hopefully, the randomness will solicit a greater volume of Money Board posts from those who just want to share random thoughts but are scared of being "the guy who starts threads that get no responses."
Here's my first thought:
I'm on a Mac and am fed up with Safari. It sucks. It crashes incessantly usually when I'm in the middle of doing something important. It's completely updated and while googling a solution I found a whole host of "solutions" from people who are not Apple representatives, each of which failed to solve my problem, while at the same time finding virtually nothing from Apple's support website. I could call Apple, but I feel like I shouldn't have to. It's a browser for crying out loud. Make it work.
With that said, I'm either going Firefox or Chrome. Screw Safari! Anyone have any preference with respect to either?
The idea is for this thread to continually spit out new topics with respect to these issues; i.e. earnings reports, stock talk, new products, blogrolls, etc.; basically anything and everything that doesn't necessarily require a thread of its own. Hopefully, the randomness will solicit a greater volume of Money Board posts from those who just want to share random thoughts but are scared of being "the guy who starts threads that get no responses."
Here's my first thought:
I'm on a Mac and am fed up with Safari. It sucks. It crashes incessantly usually when I'm in the middle of doing something important. It's completely updated and while googling a solution I found a whole host of "solutions" from people who are not Apple representatives, each of which failed to solve my problem, while at the same time finding virtually nothing from Apple's support website. I could call Apple, but I feel like I shouldn't have to. It's a browser for crying out loud. Make it work.
With that said, I'm either going Firefox or Chrome. Screw Safari! Anyone have any preference with respect to either?
20
Posted on 5/23/11 at 4:18 pm to RedStickBR
I downloaded Chrome and used it for a Very short period. After an update, I checked my firewall and it was turned off. This happened right after the download update. Don't know what happened and my virus program did not pick it up.
I like Firefox with no Scripts.
I like Firefox with no Scripts.
Posted on 5/23/11 at 4:22 pm to RedStickBR
1. Scoop will be here momentarily to e-rape you.
2. I have used Chrome since it came out. Firefox was great, but the best feature (add-ons) made it so slow it wasn't worth it. Chrome is just a better (and for me, since I use google stuff, more integrated) version of FF. FF is still a great browser though.
2. I have used Chrome since it came out. Firefox was great, but the best feature (add-ons) made it so slow it wasn't worth it. Chrome is just a better (and for me, since I use google stuff, more integrated) version of FF. FF is still a great browser though.
Posted on 5/23/11 at 4:22 pm to RedStickBR
I do not have a random thought at this time. However, I reserve the right to edit this post in the future when said random thought enters my mind.
TIA
TIA
Posted on 5/23/11 at 4:25 pm to RedStickBR
I don't like the new version of IE, so I've been experimenting with Opera lately, but I've never been a big fan of Firefox or Chrome.
Posted on 5/23/11 at 6:12 pm to RedStickBR
Random thought for the day...
Why are people so dogmatic and scared when IRR has multiple solution points or when the derivative of IRR is disussed (i.e. it has both magnitude and direction)? "Bah. IRR is no good, since it has multiple solutions." Why not interpret anyway?
I believe IRR has both magnitude and direction. In addition, my experience is that one of the IRR's is often pretty unstable and might go away with small tweaks in input variables.
NPV profiles are underutilized and can answer a lot of questions. Note the NPV at 0% and also whether the deriviative of each IRR solution (of NPV with respect to IRR) is positive or negative.
One personal argument from the past is when an investment ran with a 6% IRR, so colleague said it fell below the investment hurdle rate of 10%. However, the derivative was actually positive at this point, indicating that value was created at any discount rate greater than 6%. Why? Because it was a project to accelerate revenues that therefore lost value on an undiscounted basis but actually created value on any time value of money of at least 6%. He is a very smart guy but refused to listen to this argument due to a dogma of 6% being "the IRR", even though NPV was clearly positve at 10%.
So, even if you let a computer solve for IRR, check the derivative and interpret accordingly. Try seeding a solver close to zero. Better yet, use an NPV profile. And next time you find multiple IRR solutions, see if one goes away with mild sensitizing on key input variables.
Edited to add: I just remembered a case where the second IRR is more meaningful than the first. You might have a cash flow stream with a huge liability out in the future, enough to make the undiscounted cash flow negative overall. However, the liability is so far out in the future that the negative NPV impact of it is small at any reasonable discount rate. What you will see on an NPV profile is two IRR's - both meaningful.
The first IRR is a fairly small discount rate where the NPV crosses over to positive - this represents the discount rate above which your future liability no longer drags the NPV negative overall. The second IRR is the traditional solution where NPV crosses over to negative. This is what I would consider the most representative IRR for this investment, with the caveat that your discount rate is at least as high as the first IRR.
Again, just another example where both IRR's are meaningful and can be correctly interpreted with the derivative of NPV with respect to discount rate. But many NPV purists would scoff that this is just another example of IRR being invalid due to multiple solutions. Plus, both IRR's in this example are fairly mathematically stable with respect to input variable fluctuations.
Why are people so dogmatic and scared when IRR has multiple solution points or when the derivative of IRR is disussed (i.e. it has both magnitude and direction)? "Bah. IRR is no good, since it has multiple solutions." Why not interpret anyway?
I believe IRR has both magnitude and direction. In addition, my experience is that one of the IRR's is often pretty unstable and might go away with small tweaks in input variables.
NPV profiles are underutilized and can answer a lot of questions. Note the NPV at 0% and also whether the deriviative of each IRR solution (of NPV with respect to IRR) is positive or negative.
One personal argument from the past is when an investment ran with a 6% IRR, so colleague said it fell below the investment hurdle rate of 10%. However, the derivative was actually positive at this point, indicating that value was created at any discount rate greater than 6%. Why? Because it was a project to accelerate revenues that therefore lost value on an undiscounted basis but actually created value on any time value of money of at least 6%. He is a very smart guy but refused to listen to this argument due to a dogma of 6% being "the IRR", even though NPV was clearly positve at 10%.
So, even if you let a computer solve for IRR, check the derivative and interpret accordingly. Try seeding a solver close to zero. Better yet, use an NPV profile. And next time you find multiple IRR solutions, see if one goes away with mild sensitizing on key input variables.
Edited to add: I just remembered a case where the second IRR is more meaningful than the first. You might have a cash flow stream with a huge liability out in the future, enough to make the undiscounted cash flow negative overall. However, the liability is so far out in the future that the negative NPV impact of it is small at any reasonable discount rate. What you will see on an NPV profile is two IRR's - both meaningful.
The first IRR is a fairly small discount rate where the NPV crosses over to positive - this represents the discount rate above which your future liability no longer drags the NPV negative overall. The second IRR is the traditional solution where NPV crosses over to negative. This is what I would consider the most representative IRR for this investment, with the caveat that your discount rate is at least as high as the first IRR.
Again, just another example where both IRR's are meaningful and can be correctly interpreted with the derivative of NPV with respect to discount rate. But many NPV purists would scoff that this is just another example of IRR being invalid due to multiple solutions. Plus, both IRR's in this example are fairly mathematically stable with respect to input variable fluctuations.
This post was edited on 5/24/11 at 6:29 am
Posted on 5/24/11 at 1:16 pm to RedStickBR
Update on first topic: I've yet to try Opera, but so far Firefox is winning out over Chrome.
Next topic: Cars for young professionals. I'm in the market for one. I want something nice enough to do business in. I do not want something that is going to make the older guys at the office say, "Wow, this a-hole already thinks he's a hotshot," or "This kid doesn't need a bonus. Hell, he seems to be doing just damn fine."
Discuss. I'm thinking Camry, Accord, but new, nothing overly used. Decent gas mileage is also a requirement, so Tahoes are out of the picture.
Next topic: Cars for young professionals. I'm in the market for one. I want something nice enough to do business in. I do not want something that is going to make the older guys at the office say, "Wow, this a-hole already thinks he's a hotshot," or "This kid doesn't need a bonus. Hell, he seems to be doing just damn fine."
Discuss. I'm thinking Camry, Accord, but new, nothing overly used. Decent gas mileage is also a requirement, so Tahoes are out of the picture.
This post was edited on 5/24/11 at 1:20 pm
Posted on 5/26/11 at 6:18 pm to RedStickBR
Random thought that I don't want to create a new thread for: LSU's MBA program had a mind numbing, pants shitting, ultimately embarrassing placement rate of 35% at the time of graduation. I will give them credit that the jobs accepted were all pretty high quality.
Posted on 5/31/11 at 8:11 am to RedStickBR
Posted on 6/2/11 at 12:11 am to RedStickBR
Anyone know of any good books specific to the tech industry besides The Big Switch?
Posted on 7/31/11 at 9:09 pm to RedStickBR
RSBR, did you move in yet? Shoot me an email and we can meet up.
Posted on 8/2/11 at 8:21 pm to RedStickBR
This profession is in-TENSE!!!!!! 30 hrs first two days. Complete mental gymnastics. I've never been this overwhelmed while at the same time completely ecstatic in my life. A, I'm with you bro. Much respect. These people are freaks of nature. It took me three half days to find my bearings but I'm feeling great now.
I can see this getting extremely addicting. Also, they just dropped on me they want me to take CFA1 ..... in December! On top of 7, 63, 86, 87, 80+ hours.
Mind = BLOWN! Sleep, FTW.
I can see this getting extremely addicting. Also, they just dropped on me they want me to take CFA1 ..... in December! On top of 7, 63, 86, 87, 80+ hours.
Mind = BLOWN! Sleep, FTW.
This post was edited on 8/2/11 at 8:25 pm
Posted on 10/19/11 at 1:06 am to RedStickBR
Random question, but what is a "high touch firm" in relation to hiring people.
Posted on 11/7/11 at 9:03 pm to RedStickBR
I find it ironic that Schmidt is in front of Congress defending Google on antitrust issues with regards to search at almost the precise moment that Google's slide from dominance has commenced as it has no perceivable (at this time) road map to preserve it's dominance forward into the mobile space.
Posted on 12/10/11 at 1:05 pm to RedStickBR
After about 8 months, I am finally out of credit card debt.
Paid my final balance of $724.34 this morning.
WOOOOOHOOOOOO
Paid my final balance of $724.34 this morning.
WOOOOOHOOOOOO
Posted on 12/11/11 at 5:59 pm to RedStickBR
Good news, GC finally has a mobile site!
Posted on 1/26/12 at 3:33 pm to RedStickBR
Has anyone else noticed that recruiters (campus hire) are usually very good looking? All the recruiters I have been in contact have been good looking it is pretty interesting.
Posted on 2/16/12 at 3:15 pm to RedStickBR
I don't really post here at all (mostly lurk) and I'll admit, I'm still extremely inexperienced when it comes to investing.
A couple things, I do have a little bit investment some stocks through ETrade, in particular SunCor (SU) and GE. I've been kind of lax on those ones primarily, as I'm using that investment as long-term types and using stuff in a "play it safe" mode. Though, I was tempted to sell when both got so low, but thankfully the market bounced back some
Another thing is that I'm definitely working on building a Roth IRA (Franklin Templeton to be exact). Yes, at 21, I don't have a whole hell of a lot of $$$, but in talking to my local financial advisor, it's been really one of the more highly rated funds.
Just my .02
A couple things, I do have a little bit investment some stocks through ETrade, in particular SunCor (SU) and GE. I've been kind of lax on those ones primarily, as I'm using that investment as long-term types and using stuff in a "play it safe" mode. Though, I was tempted to sell when both got so low, but thankfully the market bounced back some
Another thing is that I'm definitely working on building a Roth IRA (Franklin Templeton to be exact). Yes, at 21, I don't have a whole hell of a lot of $$$, but in talking to my local financial advisor, it's been really one of the more highly rated funds.
Just my .02
Posted on 3/11/12 at 11:08 am to RedStickBR
Anybody know if there's any good CFA audio material out there? Got a lot of traveling coming up and the audio route makes sense for while in the car.
Posted on 4/18/12 at 6:33 am to RedStickBR
Well, trying to study for the CFA working these hours has NOT been fun.
Let's just say it's going to be a diving catch at the wall 
Let's just say it's going to be a diving catch at the wall
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