The Phreakonomist’s Weblog

Finance ex Machina

  • Former Marine turned buy-side equity analyst parsing reality from wikiality

  • Twitter Updates

    • Happy Birthday everyone. You know who you are. 1 hour ago
    • Was Larry David ever funny at some point? Can't tell if its bad acting or bad writing by Woody Allen. 2 days ago
    • Has anyone checked whether Pelosi is a V or not? She does seem rather reptilian... 2 days ago
    • picked up a case from Newport Vineyards. 2 days ago
    • loving Jon Stewart's Glenn Beck impression! 3 days ago
    • Primary dealers will do large reverse repos with Fed in exchange 4 lower Tier 1 capital requirements. Here we go again... 3 days ago
    • Can we agree to a moratorium on the use of the term "bourgeois" for a solid decade or so? 4 days ago
    • Remember remember the 5th of November the gunpowder treason & plot. I know of no reason y the gunpowder treason should ever b 4got. 4 days ago
    • I need an 80's band power chord sound effect for my market monitor on days like this! Nice to have TEL out of the index. 6 days ago
  • Categories

Archive for August, 2008

Baby Steps

Posted by 史蒂芬 on 29 August 2008

I guess someone is interested in sorting through the chaos of the SIPRnet. Of course most of the problems Lockheed Martin’s new Contrail system solves could be fixed by eliminating the vast majority of middle management within the intelligence community.

Posted in Uncategorized | Leave a Comment »

Of Mice and Men

Posted by 史蒂芬 on 29 August 2008

If not for the cat,
And the scarcity of cheese,
I could be content.

Effortless…the way a haiku should sound. From the book by Jack Prelutsky.

Posted in Uncategorized | Leave a Comment »

Only in Providence

Posted by 史蒂芬 on 26 August 2008

The August meeting of the Providence Society of Financial Analysts featured a presentation on corporate governance by the president of the Providence Consulting Group, Dennis Michaud. The entire presentation centered around a study he recently conducted on the adoption of stock based compensation. Somehow, this man got several organizations to sponsor an 18 month study which resulted in a regression that shows stock based compensation has no effect on either ROI or EVA. Apparently some of the Brown University grad students earned credit for collecting data on CEO compensation as well as calculating ROI and EVA. While I am as astounded by his results as I am surprised that companies actually hire this man, I feel that the free lunch did not adaquately compensate me for two hours of my life that I will never get back.

Posted in Finance | Leave a Comment »

China is not Russia

Posted by 史蒂芬 on 15 August 2008

So often western reporting on China is skewed due to cultural misunderstanding and apparent unwillingness of journalists to write articles that might require critical thinking from their audience. The discussion of Chinese Internet controls is particularly skewed because western reporting often disregards the long term impact on behavior under a system that avoids Soviet style outright repression which might inspire rebellion in favor of intermittent blocks which make access so frustrating that the user eventually gives up. James Fallows of The Atlantic has an excellent article on this subject with much more detail. Western audiences would be better served by media that addressed how Chinese view the world so that western countries can make more informed foreign policy decisions. This would promote a more efficient allocation of defense spending by making soft power more effective and reducing the need for unnecessary conflicts.

Posted in Random Thoughts | Leave a Comment »