Nassim Nicholas Talep “Statistical Consequences of Fat Tails” Published in 2020. A recent read compared to Markowitz “Portfolio Selection” published in “The Journal of Finance”, Vol. 7, No. 1. (Mar., 1952), pp. 77-91. Both of them are must reads. Markowitz passed away on 2023. I wonder if those two guys ever meet each other. If they ever did I wonder if they discussed their own approaches. I will search for it and let you know…
Read MoreReal Cases
Real Customer cases for Enterprise software solution implementation
Statistical Consequences of Fat Tails: Real World Preasymptotics
Some take aways from Nassim Taleb “Statistical Consequences of fat tails” book. A must read for a next generation thinker.
Read Morea Note From Time – From life of Denzel Washington
I was 20 years old I was at my lowest point and then one day. And I remember the exact day March 27 1975. I was helping my mother in a beauty shop my mother owned a beauty shop up in Mount Vernon. And there’s there was this older woman who was considered one of the elders in the town and I didn’t know her personally but I was looking in the mirror and every…
Read MoreLabs in CLOUDS. Robots Do the Research to Accelerate Innovation
Cloud labs are like a streaming service, but for lab equipment instead of media content. Brian Frezza and D.J. Kleinbaum founded Emerald Therapeutics in 2010 to develop antiviral drugs. But they had to spend so much time troubleshooting the machines in their lab that they ended up generating tons of code to run their experiments automatically. Not only did efficiency ramp up, but reproducibility did as well. They realized that other labs could benefit…
Read MoreSome new videos to Understand What is happening around us?
I have created two videos in the last few months… First one is created to give you a feeling of Worlds money markets. Second one is about a new perspective on Industry 4.0. I hope you can enjoy them…
Read MoreWhat does “The Tortoise Trainer” and “Business Transformation” have in common?
Rule #1 – There would always be a question mark on if it would be successful or not? Once you google “The Tortoise Trainer” you will get the most expensive piece of art in Turkish Painting – Painted by Osman Hamdi. The Tortoise Trainer is a painting by Osman Hamdi Bey, with a first version created in 1906 and a second in 1907. Hamdi’s painting of an anachronistic historical character attempting to train tortoises is…
Read MoreNext Generation Programming Languages–Is Dall E a next generation development platform?
The document below is a must read document for all. DALL·E has not explicitly been ‘taught’ anything, like who Frida Kahlo is, or what a llama looks like, or what a wide-angle lens does. It has just studied 650 million images & captions, and left to draw its own conclusions. That’s why there can’t be a regular ‘manual’ , based on functionality that the developers intentionally programmed in. Even the creators of DALL·E cannot be…
Read MoreKelly Criteria – Proof using Calculus Knowledge
A New Interpretation of Information Rate. Created in 1956 by John Kelly, a Bell Labs scientist. Let us consider a communication channel which is used to transmit the results of a chance situation before those results become common knowledge, so that a gambler may still place bets at the original odds. Consider first the case of a noiseless binary channel, which might be used, for example, to transmit the results of a series of…
Read MoreATTITUDE SURVEY for Traders and Traders in the Zone
READ: Trading in the Zone by Mark Douglas TRY Those Questions: 1. To make money as a trader you have to know what the market is going co do next. Agree Disagree 2. Sometimes I find myself thinking that there must be a way to trade without having to take a loss. Agree Disagree 3. Making money as a trader is primarily a function of analysis. Agree Disagree 4. Losses are an unavoidable component of…
Read MoreWhy does XM (Exprience Management) matter?
To understand why things happen, you need to understand the thoughts and emotions of the people involved
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