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Derek Scruggs
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6 months ago
in Nothing to Do With Quarterbacks on Will Wilkinson
Well... Everyone "knows" that it's best to start saving for retirement when you're in your teens and early twenties, and yet most people don't get serious about it until their forties. That poor decision literally costs you hundreds of thousands of dollars, perhaps more than a million, and it can be quantified pretty accurately. Conversely, what's the financial loss from having your child educated by an average teacher vs. one in the top decile?
Re: the dowry example - I suspect that's as much about fear of loss as gain for your children. It looks very bad to not provide a dowry. Further, those cultures generally devalue women relative to men, so the dowry is a form of compensation, too, since the dowry comes from the bride's parents, not the son's.
Re: the dowry example - I suspect that's as much about fear of loss as gain for your children. It looks very bad to not provide a dowry. Further, those cultures generally devalue women relative to men, so the dowry is a form of compensation, too, since the dowry comes from the bride's parents, not the son's.
1 reply
10 months ago
in The 2008 Boulder Sushi Regurge Open on The Lijit Blog
I'm in. This will be too easy. Can I go ahead and place and advance order of 50 pieces now? Should be a good warmup.
11 months ago
in Venture Fund Economics on A VC
...you will likely be earning something closer to 13% than 8% just because the $1mm wasn't tied up in the fund for the entire ten years.
Yeah but... Since that capital is contractually committed, wouldn't a prudent investor put the money somewhere safe like treasury bills in the interim? Or is there no penalty if that money gets blown away in a riskier investment and, therefore, the investor declines to meet your capital call?
If you assume they keep it somewhere safe, then I don't think it's a sound argument for you to assume returns will be higher. Likely they are the same or lower, esp on a risk-adjusted basis.
Yeah but... Since that capital is contractually committed, wouldn't a prudent investor put the money somewhere safe like treasury bills in the interim? Or is there no penalty if that money gets blown away in a riskier investment and, therefore, the investor declines to meet your capital call?
If you assume they keep it somewhere safe, then I don't think it's a sound argument for you to assume returns will be higher. Likely they are the same or lower, esp on a risk-adjusted basis.
1 year ago
in Im Getting Political in this Piece on Learn To Duck
Re the South - I grew up in Georgia and my anecdotal experience is Obama hasn't a chance in hell outside of Florida. I have college educated friends in Georgia and Mississippi who think Obama is a muslim (though they live in rural areas, not Atlanta which undoubtedly will go for Obama, just not enough to offset the rest of the state).
1 reply
Charlie
...and that just brings up another thing that's crazy. Suppose he *were* a Muslim? So freakin what? I'd still vote for him.
The sad reality is that while now you can run credibly for president as a woman, a black person, or probably any other race as long as you've got some firm roots in this country, you still have to be a Christian (or at least put on a very convincing show that you are).
A jew's chances are dubious, and an atheist or agnostic probably doesn't have a shot in hell - even though a very large and growing segment of the population describes itself that way, and even though very well educated people are disproportionately well-represented in that group.
The sad reality is that while now you can run credibly for president as a woman, a black person, or probably any other race as long as you've got some firm roots in this country, you still have to be a Christian (or at least put on a very convincing show that you are).
A jew's chances are dubious, and an atheist or agnostic probably doesn't have a shot in hell - even though a very large and growing segment of the population describes itself that way, and even though very well educated people are disproportionately well-represented in that group.
1 year ago
in TubeMogul: Politubing In the Presidential Race on Howard Lindzon
Dunno about trends, but in terms of fundamentals, you have to say it was a brilliant move to start my.barack.obama last year - it's been a major organizing hub and the reason he gets so many small donations. I believe in March he outraised Hillary (and everyone else for that matter) without going to a single fundraiser.
1 year ago
in I Love This Video…Baseball and Stocks on Howard Lindzon
Fun interview. Todd's stats are here - http://www.baseball-reference.com/s/stottto01.s...
1 year ago
in There Were Three Type of People at SXSW. Which One Are You? on Learn To Duck
I'm in the coder camp, but I think you also left out another group: designers. Many designers have code skills, too, but there are a lot there who don't and in fact are trying to hook up with a coder. Jason Fried of 37 Signals is probably the canonical example of someone who did this and made a success of it (though I don't think he met David at SXSW).
1 year ago
in Sarah Lacy still doesn’t get it on Community Guy
Why is she so obsessed with APIs? Some good info came out of the interview - the Yahoo non-deal, acknowledgment of problems with Beacon, personnel changes - but she kept interrupting him and making allusions to how much time she's spent with him. STFU and let him answer the questions!
Did Michael Eisner talk about APIs? Did Kathy Sierra?
Did Michael Eisner talk about APIs? Did Kathy Sierra?
1 year ago
in Messaging, not email on A VC1 year ago
in Real Mind Control: The 21-Day No-Complaint Experiment on The Blog of Author Tim Ferriss
Shoot. I started using a variation on this about four years ago and never thought to try to turn it into a movement. Instead of switching hands, though, I snap it against my wrist. Switching hands is a probably a better way to measure effectiveness over time, though.
Also, I totally agree with the next action approach to complaints. I think this can be applied to almost any negative emotion. http://www.askderekscruggs.com/the-emotional-in...
Also, I totally agree with the next action approach to complaints. I think this can be applied to almost any negative emotion. http://www.askderekscruggs.com/the-emotional-in...
You also appear to assume that the relevant factor in education spending is the quality of the teacher, not the quality of the school. However, there is a lot of evidence that the quality of the school in terms of the principal and the quality of the students attending it matter greatly. See for example http://www.nwrel.org/scpd/esp/esp95toc.html Hedonic studies of housing prices imply that people are willing to spend more in at least some cities for access to better quality public schools (though measuring the quality of the schools :
http://cedb.asce.org/cgi/WWWdisplay.cgi?0609543
http://ideas.repec.org/a/jre/issued/v18n31999p3...
http://www.econ.yale.edu/seminars/labor/lap04/s...
People may or may not be short-sighted about their retirement (I spent my teens and early twenties studying and travelling, rather than saving for my retirement, and I don't regret it), but many parents are willing to spend on their children's education.
As for the dowry, I don't understand what you are trying to say. If no parent cares about their children's financial future for that child's sake, then why would the culture think it very bad to not provide a dowry? Especially in a culture that devalues women relative to men? And I am well aware that the dowry comes from the bride's parents, that is why I was talking about daughters in the comment you responded to.