Wednesday, February 20, 2013

Oddly Relevant Feb-20-2013


Actually, airline ticket prices have fallen 50% in last 30 years: to about 4.16 cents per passenger per mile. What’s also saddening is that the industry lost $51 bn between 2001 and 2011, and only made a collective profit in ½ of the years since 1981. [Note: massive wealth transfer from share holders to customers]…Source: http://www.theatlantic.com/business/archive/2013/02/surprise-airline-ticket-prices-have-fallen-50-in-the-last-30-years/273354/

FLAG: Forensic Accounting In An ETF Wrapper: FLAG reconstitutes an index of 500 large capitalization domestic companies by earnings quality and then takes the extra step to exclude those the model believes are the most likely to underperform. [Note: annual expense = 0.85%]…Source: http://etfdb.com/2013/flag-qa/

Will MOOCs disrupt traditional education? Massive Open Online Courses—could it be lower cost and access? The author believes the ultimate value is via tailored offerings and accumulation and exchange of material. [Note: But it’s still hard—it takes tremendous effort to sit down and learn, and results can only achieved via painstaking practice. Few have the will]…Source: http://www.wired.com/opinion/2013/02/beyond-the-mooc-buzz-where-are-they-going-really/

A timeline of cyber-attacks from China: report released by Mandiant, an American cyber-security consultancy. [Note: special attention paid to tech and sectors considered “strategic” by US gov]…Source: http://www.economist.com/blogs/graphicdetail/2013/02/daily-chart-12

Andy Levy on PS4: “I hope I’ll be able to turn off all of these social features on the PS4. If I wanted to be social I wouldn’t be playing videogames” [Note: I’m still doubtful on the prospects of Sony; don’t think this console can change anything]…Source: http://i.imgur.com/9VwkMou.jpg


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