Sunday Night Futures by Bill McBride on 9/22/2013 09:59:00 PM From Jon Hilsenrath at the WSJ: Yellen Would Bring Tougher Tone to Fed Janet Yellen, the lead candidate to succeed Federal Reserve Chairman Ben Bernanke, brings a demanding and harder-driving leadership style to the central bank, in contrast to Mr. Bernanke's low-key and often understated approach.Ms. Yellen, the Fed vice chairwoman, is highly regarded by many central bank staff members, who call her an effective leader with a sharp mind. I believe Yellen will be an excellent Fed Chair. Monday: • 8:30 AM ET, the Chicago Fed National Activity Index for August. • At 9:00 AM, the Markit US PMI Manufacturing Index Flash for September. Weekend: • Schedule for Week of September 22nd • Preliminary annual Employment benchmark revision to be released Thursday The Nikkei is down about 0.2%. From CNBC: Pre-Market Data and Bloomberg futures: the S&P futures are flat and DOW futures are up slightly (fair value).
Career Freedom: Around the World in 80 Trades Career Freedom: Around the World in 80 Trades Although this blog maybe about learning the strategies and tactics of self-made billionaires on the surface, at rock bottom it's about freedom. With that in mind, I'd like to share with you a great tale of a man who found freedom for a year. Suppose for a moment that time travel was possible and you found yourself 1000 years back in time somewhere along the old Silk Road with a limited grubstake of money. Could you survive by trading? The series, Around the World in 80 Trades, is about a man who places himself in such a predicament in order to test his mettle. Each of the four episodes is approximately 50 minutes long. I include this series here for another important reason.
Control theory The concept of the feedback loop to control the dynamic behavior of the system: this is negative feedback, because the sensed value is subtracted from the desired value to create the error signal, which is amplified by the controller. Extensive use is usually made of a diagrammatic style known as the block diagram. The transfer function, also known as the system function or network function, is a mathematical representation of the relation between the input and output based on the differential equations describing the system. Although a major application of control theory is in control systems engineering, which deals with the design of process control systems for industry, other applications range far beyond this. Overview[edit] Smooth nonlinear trajectory planning with linear quadratic Gaussian feedback (LQR) control on a dual pendula system. Control theory is An example[edit] Classification[edit] Linear control theory vs Nonlinear control theory History[edit] Classical control theory[edit]
Pareto principle The Pareto Principle asserts that only a "vital few" peapods produce the majority of peas. The Pareto principle (also known as the 80/20 rule, the law of the vital few, or the principle of factor sparsity)[1][2] states that, for many events, roughly 80% of the effects come from 20% of the causes.[3] Management consultant Joseph M. Juran suggested the principle and named it after Italian economist Vilfredo Pareto, who noted the 80/20 connection while at the University of Lausanne in 1896, as published in his first work, Cours d'économie politique. It is an axiom of business management that "80% of sales come from 20% of clients".[4] Richard Koch authored the book, The 80/20 Principle, which illustrated some practical applications of the Pareto principle in business management and life.[5] The Pareto principle is only tangentially related to Pareto efficiency. In economics[edit] The original observation was in connection with population and wealth. In software[edit] In sports[edit]
Social Systems & Knowledge Networks Some people are superb at creating visual tools to illustrate complex subjects. John Maloney is one of those gifted people who can synthesize information into a picture which helps people understand the emerging, and existing, knowledge that rest within an organizations “network” of people and processes. More importantly the illustration above provides a “systemic view” of how and where social technology integrates into the capabilities infrastructure of an organization. A “Platform of Knowledge” is representative of what every organization has but most cannot “see or actualize” the knowledge because they lack the understanding to recognize that knowledge is an asset. Knowledge in Your Social System Social systems sciences is a loose term for engineered environments which, if successful, attract users to participate. There are multiple methods of measuring participation within a social system. All social systems have commonalities. What Do Knowledge Assets Look Like?
Jean-Jacques Rousseau Jean-Jacques Rousseau (/ruːˈsoʊ/;[1] French: [ʒɑ̃ʒak ʁuso]; 28 June 1712 – 2 July 1778) was a Genevan philosopher, writer, and composer of the 18th century. His political philosophy influenced the French Revolution as well as the overall development of modern political, sociological, and educational thought. Biography[edit] Youth[edit] Rousseau was born in Geneva, which was at the time a city-state and a Protestant associate of the Swiss Confederacy. Rousseau was proud that his family, of the moyen order (or middle-class), had voting rights in the city. Geneva, in theory, was governed democratically by its male voting "citizens". There was much political debate within Geneva, extending down to the tradespeople. The house where Rousseau was born at number 40, Grand-Rue. The trade of watchmaking had become a family tradition by the time of Rousseau's father, Isaac Rousseau. He and his older brother François were brought up by their father and a paternal aunt, also named Suzanne.
120 Ways to Boost Your Brain Power Here are 120 things you can do starting today to help you think faster, improve memory, comprehend information better and unleash your brain’s full potential. Solve puzzles and brainteasers.Cultivate ambidexterity. Use your non-dominant hand to brush your teeth, comb your hair or use the mouse. Readers’ Contributions Dance! Contribute your own tip! There are many, many ways to keep our brains sharp. The 3e Factor An Interview With Yourself From time to time, it’s good to have a conversation with yourself—maybe even an interview. This is how you do it. First, sit yourself down wherever you like to sit. Get coffee or your drink of choice. Then you open the conversation like this: Dear self, you are x years old. As you look back on your life, what are you most proud of, what do you regret, and how do you feel about each of those things? What’s next, self? Of course, when you interview yourself, you can customize the interview however you see fit. Here’s wishing you all a great Monday. Are you satisfied with your answers? Image: DH
Essential Priorities for Optimizing the Business Value of Custom February 01, 2013 NewVoiceMedia recently announced it has raised $20 million of investment funds to aid its expansion overseas, including offices in North America. The company was founded in the UK in 2000 and originally offered telephony and call management in the cloud. It now has a close partnership with Salesforce.com, which has allowed it to expand into a multichannel contact center in the cloud. During the last 12 years it has achieved considerable success, both financially and in acquiring prestigious clients, mostly in the UK. My research into the contact center in the cloud shows the timing probably couldn’t be better. My research shows that one of the biggest concerns of organizations adopting contact center in the cloud is performance. Given the current economic environment, some might question the decision to expand internationally. Regards, Richard J. VP & Research Director
Cognitive Edge Just before Christmas I started off this thread by summarising the reasons that people have given me over the years in respect of the need to share knowledge across silos within organisations, both in Industry and Government. I also identified two common mistakes in finding solutions. These were (i) assuming that the problem was one of information sharing and (ii) attempting to define and prescribe ideal behaviour. The latter point linked to the all to common question: How do I create a knowledge sharing culture? In this second part I want to focus on four core guiding principles that will underlie any successful approach to the problem, and will then move on, in at least one possibly more, posts to summarise some methods and techniques that can be used. Social Obligation Over the last year I have heard some inspiring stories about the way that communities have come together to rebuild after bush fires. Individual Context We only know what we know when we need to know it. Natural Limits