Latest Posts
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Book of the Week: Men's Style
This week I read Men’s Style: The Thinking Man’s Guide to Dress by Russel Smith, because I want to understand fashion brands better in order to help their businesses and look good doing it. This book goes over the history of fashion and gives you the rules, so you can break them later. This book is for people assembling their grownup wardrobe. Why Bother? -
Book of the Week: Who
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Book of the Week: JavaScript: The Good Parts
This week, I read JavaScript: The Good Parts by Douglas Crockford, because it is hard to call yourself a full stack engineer if you don’t know JavaScript well. This book is great. Not SICP great, but great in the sense that it tells you everything you need to know in a condensed manner. Nobody wakes up and says they want to learn how to program with JavaScript. They try to build a website and need to scratch together some JavaScript to do some interactive stuff. The book is about getting things done rather than teaching you things that you will let you show off how smart you are. Nobody cares how smart you are as long as you are writing code that works. Often being too smart makes it harder for other people to understand what you are doing. The book covers all the annoyances and pitfalls that trip up people. The book is short enough to read in an hour. Should be required reading for anyone working with JavaScript. Prototypical Inheritance Everything in JavaScript is an object. Functions are objects. Since there are no classes, people create pseudoclassical classes with prototypical inheritance as an alternative to functional classes. If you don’t understand what this means, then you should read the book. Purchase JavaScript: The Good Parts from Amazon.com or check it out from your local library.
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Book of the Week: The Checklist Manifesto
This week I read The Checklist Manifesto by Atul Gawande, MacArthur Fellow and professor at Harvard Medical School. I’ve heard about the results of having a checklist, but I’ve never read the source. Everyone should use checklist, because they help when dealing with extreme complexity.There are four expectations of learned occupations: selflessness, skill, trust-worthiness and discipline. Discipline is hard, but checklist help with that. I bet you can imagine the pilot not flying going through the pre-flight checklist. Now imagine this applied to everything else. He goes over how checklist are use in flying, cooking, construction, investing, and surgery. Metrics Dr. Gawande worked with the World Health Organization (WHO) to develop checklist to save lives. There are four big killers in surgery: infection, bleeding, unsafe anesthesia and the unexpected. The first three killers can mitigated with checklist. [youtube https://www.youtube.com/watch?v=DOGJMOMHDJk&w;=420&h;=315] Here are some metrics from studies using checklist in surgery. -
Book of the Week: All About Hedge Funds
This week, I read All About Hedge Funds, 2nd edition by Ezra Zask. First thing I noticed is that the 1st and 2nd edition have different authors. Since the 1st edition was published in 2002, I recommend reading the 2nd edition instead. The financial crisis and increased regulation have changed things. The book goes over what is a hedge fund, the history, how they are structured, how they work, what the different strategies are and how they are measured. The books tries to be objective without giving a moral judgement on whether or not hedge funds are bad. They just are. They exist. Private Placement Memorandum Under the U.S. Investment Company Act of 1940, companies must issues a private placement memorandum (PPM) that typically includes. -
Book of the Week: On the Move
I forgot how it got on my reading list, but this week I read On the Move by Oliver Sacks. Oliver Sacks is known for writing many books as neurologist and this book is his autobiography that was published shortly before he died. The book is a bit long, but I enjoyed it. Oliver tells stories about the people, giving a face to the neurological conditions. Being a good writer allows him to surface things to the public and medical community that would normally be ignored. Since he was a neurologist, the development of the field and his work as a doctor frames most of the book. His mother, father and two older brothers were also doctors. He grew in up Jewish in Britain, but eventually moved the the United States and stayed there to practice medicine. The historical context in the book is great. He describes riding a motorcycle around the United States and all throughout California before the big interstates. There is a certain romanticism with riding a motorcycle around the country to embrace nature before having to worry about getting run off the road by a car. He would ride a thousand miles during the weekend and go back to work on Monday. When he wasn’t riding his motorcycle on the weekends he was doing drugs. It is amazing that your doctor does hard drugs on the weekends and goes back to work on Monday. Oliver was a man of many talents, he spent time on Muscle Beach and broke a weight-lifting record with a 600-pound squat. He also talks about being gay when it wasn’t acceptable in Britain and how his brother and wife got him a whore in Paris. He eventually got a lot of sex after, especially after moving to San Francisco, California. There’s nothing like two bodies clad in leather up against each other on a motorcycle. [caption id=”attachment_5029” align=”aligncenter” width=”840”]
Oliver Sacks at Muscle Beach w/ BMW motorcycle[/caption] Purchase On the Move on Amazon.com or check it out from your local library. -
Book of the Week: A Random Walk Down Wall Street
This week I read A Random Walk Down Wall Street by Burton G. Malkiel. This book first came out in 1973 and gets revised often to reflect current information. The latest is the 11th edition (2016), the book I read was the 10th edition (2011). This book is still relevant 40 years later. I can summarize the book in one statement. Index funds are better than trying to invest in individual securities or actively managed funds. This is one of my favorite investing books. Malkiel explains things so plainly that it should be accessible to all audiences. Part 4 of the book gives practical advice for investors. -
Book of the Week: What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures
This week, I read What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli, Columbia professor and founder of realdata.com, founded in 1982. Another real estate with a ridiculously long title. I picked up this book to go through the math needed to evaluate whether or not a property will make a good investment. The book is separated into two parts. The first part is 100 pages of content and the rest of the book goes through 37 different calculations. Most of those calculations are basic like how to calculate compounded interest. The Four Ways to Make Money in Real Estate There are only four ways to make money in real estate. -
Book of the Week: The Wall Street Journal Complete Real-estate Investing Guidebook
This week I read The Wall Street Journal Complete Real-estate Investing Guidebook by David Crook after I was unsatisfied with The Ultimate Beginner’s Guide to Real Estate Investing. These books have long titles. It is hard to find a good real-estate investing book, because seems everyone is trying to cheat you out of your money like Donald Trump. The Wall Street Journal is reputable, even though the author’s last name is Crook. This book was published in 2006, before the housing crash, which makes some of the sections of the book interesting. Like how you can get a mortgage with no money down or even get a mortgage for 125% of the value of the property. I found the tax laws I was looking for in this book, but I still want more detailed cash flow analysis to see which real estate projects will be profitable. Real Estate Secrets Making money in real estate comes down to four secrets. -
Book of the Week: The Ultimate Beginner's Guide to Real Estate Investing
This week I read the The Ultimate Beginner’s Guide to Real Estate Investing from biggerpockets.com. I was looking for more information about real estate investing before the next bust. I need a list of tax breaks and the math needed to evaluate investments. Didn’t find that in this guide, but it serves as a starting point. The book has links to biggerpockets blog posts which go more in-depth on specific topics. Why Real Estate? First question and most important. Why would I care about real estate if I do passive investing with the Unconventional Success Portfolio? The two most important things about real estate for me are
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Book of the Week: The Achievement Habit
I was listening to the Stanford Entrepreneurial Thought Leaders podcast and they had on this old fart that I really liked. Turns out he wrote a book, so this week I read The Achievement Habit by Bernard Roth, d.school founder and mechanical engineering professor. This book contains things that Roth has learned throughout his years of teaching. It complements everything I know about and have read very nicely. I really liked the book. Enough to make it worth owning. The book has “your turn” exercises, which are probably modeled after exercises he does in his classes. I advise you to do them. [youtube https://www.youtube.com/watch?v=CR8LQTfLvfw&w;=560&h;=315] After reading this book and The No Asshole Rule, it seems that if you’re a professor for a long time, you eventually will make someone cry. -
Book of the Week: Words and Rules
This week I read Words and Rules: The Ingredients of Language by Steven Pinker. Pinker examines how language and the mind works by examining regular and irregular verbs. On this journey, you learn about how scientist measure activity in different regions of the brain, how children learn language, different linguistic theories, what we can learn from neural network models and just generally about things you take for granted. As a person who works with language, I wish I read this book earlier. Words and Rules
A word is a memorized association between a sound and a meaning. Rules are productive, symbolic and combinatorial. It doesn’t specify specific things, but how you bring together different kinds of things. You can combine things in any number of ways as long as they follow the rules. There are 6.4 trillion five-word sentences. Not all of them make sense, but you can generate them all based on your words and rules. The rules let you compute the meaning of a combination from the meaning of the words and how they are combined. Sentences are created by taking a set of memorized words), applying rules that combine words and parts of words into bigger words (morphology) and using rules that combine words into phrases and sentences (syntax).