Tech: Links for 9th July, 2019

  1. “In it, astronaut Sally Jansen has been working to come to grips with a Mars mission that went disastrously wrong, and NASA ended its crewed missions into space. But while she’s trying to move on, scientists detect an object designated 2I/2044 D1 entering our solar system, and when it begins to slow down, they realize that it’s an alien artifact. Jansen is called in to try and intercept the object and figure out what is behind it before it reaches Earth.”
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    Science Fiction is a great way to learn a lot and have a lot of fun while doing so, and for that reason, I thoroughly enjoyed learning about the premise of this book. In similar vein, I recently (and finally) finished The Three Body Problem, and can heartily recommend it.
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  2. “The camera was loaded with machine vision algorithms trained by Hamm himself. They identified whether Metric was coming or going and whether he had prey in his mouth. If the answer was “yes,” the cat flap would lock for 15 minutes and Hamm would get a text. (In a nice flourish, the system also sends a donation, or “blood money” as Hamm calls it, to the National Audubon Society, which protects the birds cats love to kill.)”
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    There are many people who bandy about the word AI these days, but this very short read (and within it, a very entertaining video) helps you understand how it could by applied in myriad ways.
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  3. “LightSail 2 is more ambitious and will actually try to maneuver through space, and even boost itself into different orbits using sunlight. The new mission’s mission control website will let people around the world follow along, including the 23,331 people who contributed to the project’s Kickstarter campaign, which raised $1,241,615 for the spacecraft.”
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    A third link from the same website (either The Verge is on fire, or I am being lazy today), but the best of the lot, in my opinion. It is now possible to crowdfund a satellite launch that contains a sail – and you can now watch your investment in space as it flies above your head. What a time to be alive.
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  4. “But while Tufte’s concerns are not limited to charts, he has spent a lifetime thinking through what he called the “perennial” problem of how to represent a multidimensional world in the two dimensions of the page or screen. At the end of the day, he pulled out a first edition of Galileo Galilei to show how the great minds of the past had grappled with the same issues. He rhapsodized over Galileo’s tiny, in-line sketches of Saturn, which clearly inspired his own advocacy of “sparklines” (tiny charts embedded in text at the same size as the text), as well as some beautifully precise illustrations of sunspots.”
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    Data visualization, medical visits, Galileo and sparklines. As they say, self-recommending.
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  5. “And with 92 percent of future jobs globally requiring digital skills, there’s a focus on helping students develop skills for careers that don’t yet exist. Last year, Sweden declared coding a core subject to be taught from the first year of primary school. And there is an appetite for these skills among students, too, with 85 percent of Brazilians from 16-23 indicating that they want to work in the technology sector. ”
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    Well, there’s a thought – I refer to Sweden’s decision. One, complements, not substitutes. Two, the links are worth following in this link – this is a subject very close to my heart.
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Links for 10th April, 2019

  1. “In an ideal world, you shouldn’t have to amortize. The prices will all be reflective of reality, there will always be a rational buyer at a rational price if you want to sell. In an ideal world corporates will not rollover their liquid fund investments every day either – they will know how much money they need, and they will only withdraw that much, leaving enough back in the liquid fund.”
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    The always excellent Deepak Shenoy explains the how, and some of the why when it comes to amortization in debt funds. If you are interested in corporate finance, finance in general, or policy-making when it comes to finance, this is well worth your time.
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  2. “Within the overall context of having asset allocation in an individual’s portfolio, passive investments will play an important role. It will increase overtime as a complementary strategy. It will not be just be plain vanilla passive but smart beta products. Look at these three benefits. Better returns profile, lower risk profile and wider diversification as compared to normal other products. So, it is a clear cut thing from the growth perspective.”..
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    An interview on Bloomberg Quint about smart beta products. As with the first link, a must read if you are a student of finance, especially from India.
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  3. ““If you wanted a snapshot of all your financial assets in one place on your mobile or to share information securely with a lender, it was previously not possible,” says Atluri Krishna Prasad, chief executive of Onemoney, one of the five entities that have secured in-principle approval from the Reserve Bank of India to operate as an account aggregator. “Now, if you give Onemoney your consent, we will fetch all your financial information from different sources, aggregate it and give you a single window with the consolidated information.””
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    If you were worried about data privacy in India, we’re only just getting started. A nice article in FactorDaily that explains how more data sharing between financial organizations will soon be on it’s way.
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  4. “Here, as in so many cases, the analysts haven’t got beyond an intuition that Johan Cruyff, the Dutch father of Barcelona’s football, had nearly 50 years ago. Cruyff played for Barça in the 1970s, coached the team from 1988 to 1996 and largely invented the passing game that the club still play. He could rhapsodise for hours about players who were “turned” the right way. He cared much less about a player’s size and speed.”
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    Just one of many excerpt-able snippets from a fascinating article about how a sporting club is using every last little bit of information about, well, everything to make Barca (for that is the football club in question) even better.
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  5. “He’s agreed to forfeit about $50m. It’s not clear what’s happened to the other $73m, but Rimasauskas was a prolific and baroque money-launderer who squirreled cash away in Cyprus, Lithuania, Hungary, Slovakia, and Latvia. Google has said that “We detected this fraud and promptly alerted the authorities. We recouped the funds and we’re pleased this matter is resolved.”Rimasauskas will be sentenced on July 29. He faces up to 30 years.”
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    One of those articles that truly help you understand Coase/Demsetz and industrial organization overall. But if I am to be honest, a great read in its own right.

Links for 8th April, 2019

  1. “The message of the chart, after all, is the same in both versions. But the takeaway is important: if two series follow each other too closely, it is probably a good idea to have a closer look at the scales.”
    A lovely, lovely read on how even The Economist (gasp!) sometimes gets visualizations wrong. But jokes aside, it is a lovely read on how difficult data visualization is.
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  2. “What I am angry about is our underinvestment in figuring out how to better treat mental health problems. Even with all of the other suffering there is in the world, I believe that suffering from mental health problems is a large part of human suffering. Without referencing his own suffering, Alan did a lot to advance the recognition of the importance of mental health problems—and more broadly, the importance of everything that contributes to a good life—with his research on subjective well-being.”
    Miles Kimball, who was a peer of Alan Krueger’s at Harvard, writes a lovely essay about him, and more besides. Entirely worth a read.
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  3. “Grief is a gift, wrapped in the worst possible package. It shows you who you are, and teaches you lessons you would never have learned otherwise. Your compassion for others is magnified. Your understanding of what motivates people sharpens. You are grateful for small wonders and embrace happy moments as never before, because you know—you are absolutely clear about this—that you must celebrate when you can and while you can. Grief has taught you not to take these moments for granted. You become an open invitation for wonder.”
    I rarely do this, but on this one occasion, it makes sense. From within the essay in 2. above, this essay by Miles Kimball’s wife, Gail. Please make the time to to read it.
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  4. “While studying some of the oldest art in the world found in caves and engraved on animal bones or shells, paleoanthropologist Genevieve von Petzinger has found evidence of a proto-writing system that perhaps developed in Africa and then spread throughout the world.”
    Suggestive or not, accurate or not – it certainly makes for fascinating reading. The chart alone is worth the click. An article about whether there may be a common ancestry to symbols found the world over.
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  5. “Indian fiscal federalism is at a crossroads. The question of how money is to be shared between New Delhi and the states on one hand, and among different states on the other, will continue to resonate. There is a lot of talk about the importance of federalism as well as calls for greater centralization. Decentralization is needed because India is too complex a country to have a uniform approach to development. Centralization is necessary because of the risk that important national public goods, including regional equality, could be underfunded. These tricky questions of federal balance need an institutional mechanism that entails either a more effective NITI Aayog or a permanent Finance Commission.”
    Niranjan Rajadhakshya weighs in on what should replace the NITI Aayog and the Planning Commission,