LOG IN

Forgot Your Password?


Incorrect login or password

SIGN UP



Existing user?

When boiled potatoes were delicious


This was day 4 of a trek in the Himalayas. We had 21 kilometers to cover and after 13 or so mostly uphill kilometers, we finally stopped for lunch. Lunch was boiled potatoes and boiled eggs. I think I had 2 or 3 of each. It remains one of the most delicious meals I’ve ever eaten. I can still remember how eating those boiled potatoes felt. We were so grateful for them that day. I remembered that meal yesterday with a friend who was with me during that trek. We had a late dinner and, this, ate when we were really hungry. And, of course, the very ordinary food tasted wonderful. The now legendary boiled potato experience taught me how much our feelings are driven by circumstance. When you are hungry, edible food is delicious. When you have little, most things are great. Often, as we go through life with good fortune by our side, we leave behind a piece of ourselves that used to enjoy those small things. It takes fancier experiences and bigger things to impress us. Thats why eating when really hungry never fails to remind me the importance of savoring all the wonderful small things around me. The small things, almost always, are the big things. Share this: Facebook Twitter LinkedIn Like this: Like Loading... Related https://alearningaday.com/2017/09/30/when-boiled-potatoes-were-delicious/

Principles and practices – CEO Shoptalk


Source: http://themusingsofthebigredcar.com/principles-and-practices/ Principles, Big Red Car? How about a Texas v Oklahoma prediction instead? Big Red Car here on a cloudy Saturday waiting for the Texas v Oklahoma football game to start. We light it up at 2:30 PM Texas time. I used to go to the game in Dallas for about a third of a century. Then #1 son took his show on the road and I stopped going. Sigh. Now, I am going to watch it on the telly. But, I can get snacks all the time. Unlimited beef jerky, the thick kind. Also, Orangina. Lots of orangina. So, today we talk about the way a CEO guides their company to the Promised Land. The Promised Land is a self-defined concept, but it is whatever you want it to be. We talked about the difference between firings and layoffs last week. Layoffs — CEO Shoptalk Firing People — CEO Shoptalk I received a very thoughtful note from a reader who discussed the difference between practices and principles. Practices Practices are tried and true methods of doing things. They work for you because you have experience doing it that way. And, they work for you (repeating the theme). When you’ve never done something before — such as fire somebody for cause or layoff some folks — you will want to get some insight as to how the deed is done. That is the benefit of having a friendship with a Big Red Car or a CEO coach. You learn a practice. In the course of adopting a workable practice, you should delve deeper and understand the principles which drive it. Learn you way through it, why not? Principles Principles are the underlying reasons why you do things. The same principle may motivate two different people to do something in two different ways. Hence, the same principle may generate two different practices. An example of such situation is the necessity to be sympathetic, empathetic, and thoughtful in discharging employees by either firing them (for cause) or laying them off (not for cause). That is the principle involved — be sympathetic, empathetic, and thoughtful. Principles? Why? You ask why? Because you are sensitive to people, you want to avoid any spillover drama, you want to avoid litigation risk, and because it is just you. You know it can be traumatic to lose your job. In all that you do, explore the principles behind the practices and find the ones that work for you. Know why they work. Know how your principles drive your practices. This will require some thinking. Think about it. But, hey, what the Hell do I really know anyway? I’m just a big, steaming, hunk of red junk. Be good to yourself. Hook ’em, Horns!     Source: http://themusingsofthebigredcar.com/principles-and-practices/

My new book came out today!18


My new book came out today! Source: http://theoatmeal.com/blog/dogs_as_men_book

If pens worked like printers19


(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.5&appId=122125307879498"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); The Oatmeal Share this   Latest Things I wrote a new book! Random Comics Browse more comics >> Home Comics Blog Quizzes About Contact All artwork and content on this site is Copyright © 2016 Matthew Inman. Please don't steal. var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www."); document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E")); try { var pageTracker = _gat._getTracker("UA-9487849-1"); pageTracker._trackPageview(); } catch(err) {} Source: http://theoatmeal.com/comics/pens_as_printers

Crypto Asset Allocation


Coindesk did me a disservice with this blog post: USV’s Fred Wilson Predicts ‘Big’ Cryptocurrency Crash https://t.co/P8085HlhW1 pic.twitter.com/8rVaudYnlA — CoinDesk (@coindesk) September 26, 2017 It made it seem like I was predicting an imminent crash which I was not. But just as bad, it has led to a lot of tweets like this one suggesting that I also said that people should have 10-20% of their net worth in crypto: Interesting viewpoint: @fredwilson believes #cryptocurrencies could represent 10-20% of the allocation strategy for an informed investor https://t.co/0tphYEQ5sG — Jean-Michel Pailhon (@jmpailhon) October 14, 2017 What I did say is that “true believers” in crypto might want to have 10-20% of their net worth in crypto assets. For many of these true believers that would be down from 80-100%. So, what do I think is a reasonable asset allocation to crypto for the average investor? Well to start, as I mentioned in that blog post, The Gotham Gal and I have about 5% of our net worth in crypto assets, across a number of vehicles; direct holdings, USV funds, token funds, etc. We have a fairly diversified crypto portfolio, likely much more diversified than most folks could do on their own. I think that’s likely at the high end of what the average person should have, but I also think its not a ridiculous number for the average person to have. Many endowments, pension funds, etc allocate 3-5% of their portfolio to venture capital. They know its a risky asset but it has the potential for outsized returns. The largest allocation I have seen to venture capital from a big endowment or pension fund is 10%. So that gives you a sense of what sophisticated investors do with risky asset classes. If you had to pin me down on a number, here is where I would end up: young, aggressive risk taker – 10% of net worth in crypto sophisticated investor seeking a high performing portfolio – 5% of net worth in crypto average investor, slightly conservative, but with some appetite for risk – 3% of net worth in crypto retiree seeking to preserve portfolio value and generate income – 0% of net worth in crypto Hopefully this will set the record straight. It makes me very nervous when I see folks tweeting out “advice” that I did not give. http://avc.com/2017/10/crypto-asset-allocation/