Simple but powerful quote by Xun Kuang, known as Xunzi (a Chinese Confucian philosopher of the 3rd century BC)
Not having heard something is not as good as having heard it; having heard it is not as good as having seen it; having seen it is not as good as knowing it; knowing it is not as good as putting it into practice.
In statistics, we are given data and try to infer causes that relate to the data, whereas in probability, we are given the description of the causes and like to predict data.
Herb Kelleher‘s, the iconic co-founder and long time CEO of Southwest Airlines, thoughts on profitability. He shared this with Guy Raz on his “How I built this” podcast.
If we have 4% of the market and are being profitable, that is better than having 90% of the market and being unprofitable.
Etrade is one of the largest stock trading service providers in the US. One would think they want to make it easy for their customers to trade. Guess not :). I recently logged in to check on my account and place an order. Capital One recently sold their stock trading portfolio to Etrade (why???), so I didn’t get a chance to get oriented with the etrade interface…
So I logged in and was presented a good overview of the account.
Good so far.. I want to place a trade. what do I click?.. let me try the detailed account view
Hmm.. no luck.. How about the orders menu? That sounds like a place where one can place a trade
Nope.. that doesn’t even remotely look like a place I can place an order..
Great guide by Michael Bazzell on freezing your credit and removing your personal data from data consolidation sites. A good project for the entrepreneurial and capable to build a service for removing your personal data from all the sites listed on Michael’s guide.