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Comment TRS 80 Model I (Score 3, Interesting) 623

TRS-80 Model I with 4K of RAM. I was 6 and the thing came with a wonderfully put together BASIC programming manual. The beauty of the system is that you didn't need a lot of theory (any really) to get started.

10 CLS
20 PRINT "JOE WAS HERE"
30 GOTO 10

This was amazing to me. I ended up writing a few games, some math function and anything else I could do in 4K. Later on I went into programming as a career before turning to the dark side of management.

Comment Re:What is IQ? (Score 1) 325

How does joining one group preclude you from associating with others outside of that group? I serve on the board of a technology group and a chess group.

Second question: If you think joining a high IQ group precludes you from interacting with folks with other skills not measured on an IQ test, then doesn't joining a special interest group also exclude you from really cool people that might excel in areas other than that special group?

Third question: Where did I say IQ isn't a measure of something valuable? I do think it isn't everything.

Comment What is IQ? (Score 2) 325

I am a member of a high IQ "society" that discrimatinates against the lowest 99.9% of the general population. Yet, I would do very poorly on this test as my visual processing is poor. I excel in abstract reasoning but do poorly in other areas.

What is intelligence? What is IQ? What is it good for? All good questions.

Comment Science (Score 5, Funny) 364

At some point, science just got too weird. We had this nice model of the universe with atoms, some laws of motion and thermodynamics. The universe was basically a giant billiards match. It made sense. It was easy to explain. Then we get into quantum mechanics and everything is crap shoot. Multiple universes. Particles that behave differently when being observed. Spooky action at a distance.

Let's all pretend the last 80+ years of science didn't happen and we live under Newton's ideas of how everything behaved. Who's in?

Comment Re:Argentina, Iceland, Hungary, Ukraine, (Score 3, Insightful) 334

Gotta love how libertarians keep blabbing about "fiat currencies" and how the currencies can collapse "at any time". While technically true, currencies collapsed under gold standards, and probably at a rate faster than what you see in today's economy. What folks don't seem to understand is that money has no value in and of itself, but is based on a population's ability to produce goods and services. Whether you use bitcoins, greenbacks, electrons on a hard drive or gold doesn't change this truth.

By definition, money is simply a means of exchange... tying it to an arbitrary material is silly. In the old days, countries manipulated currencies through artificial means and like today when those means run their course, bad things happen.

So, gold, paper or electrons, a country's prosperity is tied to the competence of its government. While this is a scary fact, it is the truth.

Comment Re:Wow! (Score 4, Insightful) 314

Here's the rub. For someone like me, I couldn't care less about HFT. I am in it for the long haul. I've invested for almost all of my adult life. I don't invest on hunches, instead I buy broadly and then hold for a long time. My investments do about as well as the broad market and I have almost no trading costs. Even if some doofus thinks he can beat the market (no, they can't), he'll eat up 1-2% of his money on fees.

So let folks be stupid and market time and talk about dead cat bounces and triple witching hours and other mumbo jumbo. In the long-run I will beat the vast majority and I will do so with very little effort on my part.

The reality is the only investors who can beat my strategy are active investors who are involved in the management of the assets they own (like Buffett) and those with insider information (real insidr info, not what your brother in law told you at the cocktail party). So, let the market tank for a couple hours, a couple days or even a couple years. I couldn't care less.

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