Microsoft sold personal data to FBI for $200 per person

March 22nd, 2014 by Terrence Miao 1 comment »

Microsoft sold personal data to FBI for $200 per person

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How Much Microsoft Charges the FBI for User Data
It’s no mystery that government agencies compel tech companies to give them (totally legal) access to user data. It’s also pretty well known that the tech companies charge the government for the trouble. We’ve just never really known how much—until now.

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Hugged by words – Reading a good book feels like you’ve just gotten a good hug…

March 17th, 2014 by Terrence Miao 2 comments »

Hugged by words – Reading a good book feels like you’ve just gotten a good hug …

Hug the words

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Global Forest Watch – sponsored by Google Maps

March 15th, 2014 by Terrence Miao 2 comments »

Watch - http://www.globalforestwatch.org/map/

Global Forest Watch

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Pacific Investment Management Company (PIMCO) expects Australia’s housing market…

March 13th, 2014 by Terrence Miao No comments »

Pacific Investment Management Company (PIMCO) expects Australia’s housing market will flatten over the next few years, but it is not anticipating a collapse.

Speaking to The Australian Financial Review, PIMCO Asia-Pacific credit portfolio boss Rob Mead said Australia’s already expensive housing market compared to the rest of the world coupled with unemployment means investors should not expect a repeat of last year’s growth.

“Given those two factors, we’d say it’s hard to forecast similar gains in housing that we saw in 2013,” Mr Mead said from California, according to the newspaper.

PIMCO is the world’s largest bond investor and has over $US1.91 trillion ($A2.12tn) in assets under management, as of the end of 2013.

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"'A bull market is like sex

March 10th, 2014 by Terrence Miao No comments »

It feels best just before it ends.'"

Barton Biggs

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To illustrate certain fundamentals of investing:

March 9th, 2014 by Terrence Miao 1 comment »

• You don’t need to be an expert in order to achieve satisfactory investment returns. But if you aren’t, you must recognize your limitations and follow a course certain to work reasonably well. Keep things simple and don’t swing for the fences. When promised quick profits, respond with a quick “no.”

• Focus on the future productivity of the asset you are considering. If you don’t feel comfortable making a rough estimate of the asset’s future earnings, just forget it and move on. No one has the ability to evaluate every investment possibility. But omniscience isn’t necessary; you only need to understand the actions you undertake.

• If you instead focus on the prospective price change of a contemplated purchase, you are speculating. There is nothing improper about that. I know, however, that I am unable to speculate successfully, and I am skeptical of those who claim sustained success at doing so. Half of all coin-flippers will win their first toss; none of those winners has an expectation of profit if he continues to play the game. And the fact that a given asset has appreciated in the recent past is never a reason to buy it.

• With my two small investments, I thought only of what the properties would produce and cared not at all about their daily valuations. Games are won by players who focus on the playing field – not by those whose eyes are glued to the scoreboard. If you can enjoy Saturdays and Sundays without looking at stock prices, give it a try on weekdays.

• Forming macro opinions or listening to the macro or market predictions of others is a waste of time. Indeed, it is dangerous because it may blur your vision of the facts that are truly important (When I hear TV commentators glibly opine on what the market will do next, I am reminded of Mickey Mantle’s scathing comment: “You don’t know how easy this game is until you get into that broadcasting booth.”)

… …

Owners of stocks, however, too often let the capricious and often irrational behavior of their fellow owners cause them to behave irrationally as well. Because there is so much chatter about markets, the economy, interest rates, price behavior of stocks, etc., some investors believe it is important to listen to pundits – and, worse yet, important to consider acting upon their comments. Those people who can sit quietly for decades when they own a farm or apartment house too often become frenetic when they are exposed to a stream of stock quotations and accompanying commentators delivering an implied message of “Don’t just sit there, do something.” For these investors, liquidity is transformed from the unqualified benefit it should be to a curse.

A “flash crash” or some other extreme market fluctuation can’t hurt an investor any more than an erratic and mouthy neighbor can hurt my farm investment. Indeed, tumbling markets can be helpful to the true investor if he has cash available when prices get far out of line with values. A climate of fear is your friend when investing; a euphoric world is your enemy.

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Find useful information on internet today is as hard as try to find a piece of meat…

March 7th, 2014 by Terrence Miao No comments »

Find useful information on internet today is as hard as try to find a piece of meat in an enormous pile of dog turd.

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Messaging is a threat to Google and Facebook

March 2nd, 2014 by Terrence Miao 4 comments »

The desktop is dead. The web is dying. Messaging + mobile is an entire ecosystem that sidesteps their channel

• 450 million active users, and reached that number faster than any other company in history.
• 32 developers; one developer supports 14 million active users
• 50 billion messages every day across seven platforms (inbound + outbound)
• 1+ million people sign up every day
• > 8000 cores
• Hundreds of terabytes of RAM
• > 70M Erlang messages per second
• In 2011 WhatsApp achieved 1 million established tcp sessions on a single machine with memory and cpu to spare. In 2012 that was pushed to over 2 million tcp connections. In 2013 WhatsApp tweeted out: On Dec 31st we had a new record day: 7B msgs inbound, 11B msgs outbound = 18 billion total messages processed in one day!

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High Scalability – High Scalability – The WhatsApp Architecture Facebook Bought For $19 Billion

Rick Reed in an upcoming talk in March titled That’s ‘Billion’ with a ‘B’: Scaling to the next …
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