Recently in Unrelated Pause Category

Fistful of Gold

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I've developed a weird addiction of sorts.  I've been busy playing World of Warcraft.  I've been neglecting my real life and this website.  Have I mentioned that I love to play games?  Maybe to the level of dependency issues.  :)

There's a fistful of gaming gold in World of Warcraft.  Each online gold is worth about $.01.  I've spent maybe a 100 hours and I've made a total of $.15.  Fistful of gold, indeed.

I've also been really making a fistful of gold in the market run up.  For those who keep tab, I've been very bullish on the overall market for the past few weeks and it has paid out well.  Well enough to take a nice long vacation.

I won't be writing up any meaningful evaluation of my wagers/predictions until the end of the year, but 2009 has been an unusually good year.  I was wrong about there not being a V-shaped recovery.  It was V-shaped.  I would have predicted a more gradual ascension.  

Everything is getting back to business as usual.  For those concerned about the everyman unemployment, economic growth will take care of it.  No need to lose that much sleep over it.

If I were to sum up any business sentiment, everything just feels like business as usual.  Business as usual doesn't really make for good writing posts.

Unrelated Pause

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This is what's been consuming my life for the better part of the week.  Well, in addition to trading, but that was backseat compared to this.  Awesome game. 

A little interesting fact, Ken Uston, an infamous card counter from back in the days actually wrote the strategy book on beating Pac Man.  No kidding.

Whether people want to admit it or not, trading, gambling, and working are all games.  It all revolves around making the right decisions.

Back From My Road Trip

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There were some incredibly beautiful things I saw on my road trip through the Southwest.  There were many stories and many incredible memories that I will never forget.  If you're contemplating a trip through the southwest I highly recommend it.  Here's a list of awesome things that I did or places that my friends and I explored: 

*Las Vegas
*Scariest roller coaster ever in Primm
*$.99 Shrimp cocktails
*Star gazing in Zion National Park
*Grand Canyon
*Arches National Park
*Had a drink in Utah that required ordering a meal first
*National Monument Park
*Petrified Forest
*Colorado
*Rocky Mountains
*Navajo Reservations and Indian Gaming
*Mesa Verde Cliff dwellings
*Chinle Valley
*Made fools of ourselves in front of an "Indian Princess"
*Cave exploring
*Four Corners
*Meteor crash site
*Sedona
*The original London Bridge
*Donut Man (Peach filled donuts are awesome)

The journey has given me a renewed sense of who I am.  Along the drive, I was able to contemplate what I truly want out of my investment/gambling strategies and what leverage, if any, I should take.  Sometimes you need to take a pause and re-evaluate yourself before you can take a leap forward.


Road Trip through the Grand Canyon

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I'll be gone for a couple of weeks on a road trip through the Grand Canyon.  I'll be going with a bunch of lawyer friends.  Exciting.

In the meantime, chew on this.  I hate technical analysis systems.  As an "Economist" I've been corn fed the random walk (w/upward drift) nature of the markets.  

After doing some own statistical testing, I've come to the conclusion that some technical analysis systems are just as valid as card counting or sports betting.  I won't go into too much details, because I hate people who post on the internet who talk too much.  I guess I'm a self-hater.  

Anyway, one of the most basic things I've found is that a Simple Moving Average Crossover system with a short period and a long period have statistically significant benefits of reducing losses in the S&P.  Coupled with one of those Ultra leveraged funds, well, you get the idea.  (Further Reading)

An Excellent Quote Worth Repeating

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Most of us don't have the discipline to stay focused on a single goal for five, ten, or twenty years, giving up everything to bring it off, but that's what's necessary to become an Olympic champion, a world class surgeon, or a Kirov ballerina.  Even then, of course, it may all be in vain.  You may make a single mistake that wipes out all of the work.  It may ruin the sweet, lovable self you were at seventeen.  That old adage is true:  You can do anything in life; you just can't do everything.  That's what Bacon meant when he said a wife and children were hostages to fortune.  If you put them first, you probably won't run the three-and-a-half-minute mile, make your first $10 million, write the great American novel, or go around the world on a motorcycle.  Such goals take complete dedication.  

-Jim Rogers

A Brief Introduction.

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Philip's hiatus from this website gives me the opportunity to introduce myself to his 5 (minus 1) readers.

As Philip has alluded to in his previous post, I am in the field of School Psychology. 

My interests are (in no particular order and not limited to): poker, neuropsychology, school psychology, making money, and reading the news.

I look forward to keeping you informed as well as entertained on issues that are of interest to me while maintaining the focus on investor, gambler, and economist ideals.  

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Month Long Sabbatical

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Real life calls.  I have to take the bar licensing exam at the end of July.  For those unfamiliar with the bar exam, it's the test to become an attorney.  In addition to being an Investor, Gambler, and an Economist, I'm also a Lawyer -- but nobody really likes lawyers.

I will be taking a one month sabbatical from this website to study for the exam.

Why bother creating a website for three months and take a month off?  What about my loyal five readers?  I promise I will have some good stuff in August.  It will blow your fucking mind.

Update:  In the meantime, I'll have Lowball help and be a guest blogger.

Fixing the Website

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The website software has been kind of weird over the past three days.  Apologies if anything looks out of place.

Unrelated Pause: Super Obama

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Unrelated: Mass Hysteria Has Always Been Around

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Fast forward to 2:25 and listen.  

Back in 1984 in an episode of Cheers, Diane makes a joke about the swine flu.  This episode was first shown 25 years ago and could be plucked from today's headlines.

The general public forgets mass hysteria too easily.  One minute it's swine flu, avian flu, SARs, the next it's our war on terror.  Mass hysteria has always been around so don't think the general public is perfect.  

For an even crazier incident of mass hysteria, check out the Demonic Ritual Day Care Sexual Assault Hysteria in the 1980s.

Out Until Monday

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gf.jpgI'll be in Chicago for the weekend for a medical school graduation. The best investment in life is to marry a doctor.

Unrelated Pause: Living in Pulp Fiction

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Today I had brunch with some friends at Pann's restaurant.  Quite possibly the second best fried chicken I've ever had.  The first being mom's fried chicken.

What makes this place even cooler was the surprise in finding out the restaurant scene in Pulp Fiction was filmed here.  

I'm going to miss LA.


This is partially what I've been working on for the past two days..

I. Brief Overview

            About two hundred years ago, modern science of that time thought the instant we stopped breathing, we were dead.  The Society for Recovery of Drowned Persons helped to change that perception by spreading awareness of a crude form of cardiopulmonary resuscitation ("CPR")[i].  Modern science is well aware that just because someone stops breathing does not necessarily mean a person is dead. 

            Cryonics, the low temperature preservation of humans, operates on the principle that today's modern science is incorrect in its assumption of death.  For someone to be declared legally dead depends on the medical professional, but an often used guideline is the irreversible cessation of circulatory and respiratory functions[ii].  When someone is declared dead, their condition is considered irreversibly permanent.  Even though legally dead, most cells inside a person's body can still be alive immediately after being declared dead[iii].  It can take hours after being declared dead before all of the cells in a person's body truly die.  The cryonics industry operates on the assumption that if a body can be preserved immediately after it's legally declared dead, some day in the future, the person can be revived because future medical science will define death at a much later stage.  This is similar to today's modern definition of death being at a much later stage than two hundred years ago.  It's hoped that the medical technology of the future will advance to a stage where people can be revived from a cryogenically frozen state and can be cured from their original cause of death.  Patients who choose to have their body cryonically frozen are wagering that any remote possibility of being revived in the future outweighs the costs of being cryopreserved.

            The method currently used to preserve a body involves replacing the blood with a preservation solution and then the freezing the body and brain with liquid nitrogen[iv].  If frozen in this manner, the body and brain will suffer the least form of ice crystal damage and can be preserved for a long period. 

            The costs for cryonic preservation can be very expensive.  The Alcor foundation charges $80,000 to $150,000[v].  The Cryonics Institute charges $28,000 to $100,000[vi].  Because of the high costs, an insurance policy can be bought for the procedure at a cost of less than $100 a month.  Because of the remote possibility of being revived in the future, patients set up trust funds in jurisdictions without Rules Against Perpetuities[vii].  The funds are to be returned to an individual if they're revived.  Through the magic of compounding and assuming market returns will continue in the future, the revived individuals should have a small fortune waiting for them in the future.

            Currently, there are no methods of resuscitating and reviving cryonically preserved bodies.  There are no scientific procedures that can prove the success of cryonics.  Patients who choose to be cyropreserved are hopeful that future technologies to revive them might include computer mind uploading or tissue regeneration through molecular nanotechnology[viii]. 



[i] Baker, A. B. "Artificial respiration, the history of an idea." Medical History. 1 Oct 1971; 15(4): 336-351.

[ii] Capron, A. M. "Brain Death-Well Settled yet Still Unresolved." The New England Journal of Medicine. 2001; 344 (16): 1244-1246.

[iii] Kerridge, I. H., P. Saul, M. Lowe, J. McPhee, and D. Williams. "Death, dying and donation: organ transplantation and the diagnosis of death." Journal of Medical Ethics. 2002; 28(2): 89-94.

[iv] Best, Ben. "The Cryonics Institute's 73nd Patient." The Cryonics Institute. 1 May 2009. <http://www.cryonics.org/reports/CI73.html>.

[v] "Alcor: FAQ." Cryonics: Alcor Life Extension Foundation. 1 May 2009 <http://www.alcor.org/FAQs/faq01.html#cost>.

[vi] "Cryonics: A Basic Introduction." The Cryonics Institute. 1 May 2009 <http://cryonics.org/prod.html>.

[vii] "Funding Methods for Cryopreservation at Alcor." Cryonics: Alcor Life Extension Foundation. 1 May 2009 <http://www.alcor.org/BecomeMember/sdfunding.htm>.

[viii] "Alcor: FAQ." Cryonics: Alcor Life Extension Foundation. 1 May 2009 <http://www.alcor.org/FAQs/index.html>.

Saw this on above the law

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Non-Sequiturs

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*I can't believe I spent an hour watching these bug fight videos.

*I'm going to be practicing my turntable skills on DJ Hero soon.

I would pass out too if I were on Fox News

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Wall Street 2

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Michael Douglas to reprise his role in Wall Street 2.  (Hollywood Reporter)  


Disclosure: I don't own a Gekko shirt.

Non-sequiturs: Hipsters in Space

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Slow news day.  I just want to plug my soon to be up ironicallyHIPSTER site.

  

Non-sequiturs: Prison Economy Affected

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Popeye tells it like it is...

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The whole clip is good, but fast forward to 4:44 and Popeye's social critique on Japanese made products in the 1940's.