Sunday, August 16, 2009

Listed below are the Drivers for Success. Concentrating on growth in these areas can lead to breakthroughs in your life! Identify the breakthroughs in your desire in each of the Five Drivers.

Drivers for Success
Self-Confidence
People Skills
Communication Skills
Leadership Skills
Reduce Stress and Improve our Attitude

Professional Breakthroughs
Personal Breakthroughs

In case I haven't typed this note

1. Don't email when you can call
2. Don't complain too much
3. Do you homework - research!!!
4. Always ask yourself the big quesiton

1. Explain
2. Ask question
3. Business card

1. Too good to go somewhere without aid. Funding is a direct index of how confident they are in you.
2. UChicago graduate school?
3. Do your homework about the program
4. This year is tougher for grad
5. Graduate study abroad? Maastricht, LSE, Spain. Are these programs really worth it? Hard to evaluate the qualities of these programs
6. Talk to department/faculty. Talk to graduate students.

Jorge Garcia-Garcia, Steven Cheung

Ask yourself what you need to have prepared for it. Multi-year preparation. Demonstrated coursework in application.

Things you need:
Intellectual experience
Persistent
Don't apply unless you're really sure
Clear sense of what is involved
What you need to do to be prepared
Transcript reflects thorough preparation
Relevant skills, track record (relevant to previous point)
All this must be evident in your application

7. Have talked to an advisor. Or identified a mentor. Not leave the school you've applied for.
8. Can write a serious note of calculation
9. The liklihood of applicant going to that program
10. What good articles have you read? By whom?
11. Who is doing exciting work
12. Top choice school & right program. Research in excellence reputation is important.
13. Talk to graduate students - indiscreet about life personal and program itself.
14. Look for spark in life. May need to make sacrifices while pursuing a PhD, 7-8 year program.
15. Proof of the pudding - everything in your application is true.
16. You're committing a few years of your life.

Shovel - learn how to dig yourself out of a hole.
To have that talent.
Have that future.
Research pros - where do deep thinkers do their thinking?
Sending signals out but not getting feedback. What if that was your communication with your grad school?
You have learned how to dig. Need to show that in your coursework.

Education
Write think, puzzle it out.
Write a dissertation/ based on your original work.
CREATIVE PEOPLE
Should think about teaching
Research scholar, A good teacher gets tenure. You have to be a good teacher. Do you like that kind of life? Write book, associate with really smart people.

Thursday, August 13, 2009

Summary of the analytical process - lr decisions: capital budgeting

1. Select a required rate of return. This rate applies to projects deemed to be of average risk and may be adjusted for a specific proposal whose risk is felt to be above or below average.

2. Estimate the economic life of teh proposed project.

3. Estimate the differential cash inflows for each year during the economic life, being careful that the base case is properly defined and quantified.

4. Find the net investment, which includes the additional outlays made at Time Zero, less the proceeds (adjusted for tax effects) from disposal of existing equipment and the investment tax credit, if any.

5. Estimate the terminal values at the end of the economic life, including the residual value fo equipment adn current assets that will be liquidated.

6. Find the present value of all the inflows identified in steps 3 and 5 by discounting them at teh required rate of return, using Table A (for single annual amounts) or Table B (for a series of equal annual flows).

7. Find the net present value by subtracting the net investment from the present value of the inflows. If the net present value is zero or positive, decide that the proposal is acceptable insofar as the monetary factors are concerned.

8. Taking into account the nonmonetary factors, reach a final decision. (This part of the process is at least as important as all the other parts put together, but there is no way of generalizing about it).

Friday, July 24, 2009

W. is a great source of knowledge on accounting. There is financial accounting, management accounting, and alternative decision cases. In each case one sees that it's possible to learn a subject on one's own, but the missing link is the lecture provided by the teacher, or the tutorials, but more importantly the study groups that effectively help students to tackle the material and (ultimately) do well on a test.

On another random thought: one can definitely learn to 'copy' others, but the end result if short of originality. Shine through.

One cannot have self-confidence without being successful and up to par with what one can do.

Good night.

Wednesday, July 22, 2009

The following list is from a 2001 survey of the "Most Beloved Books" in Britain.

The BBC believes most people will have only read 6 of the 100 books here. How do your reading habits stack up?

Instructions:
1) Look at the list and put an 'x' after those you have read.
2) Add a '+' to the ones you LOVE.
3) Star (*) those you plan on reading.
4) Tally your total at the bottom.


1 Pride and Prejudice - Jane Austen x
2 The Lord of the Rings - JRR Tolkien
3 Jane Eyre - Charlotte Bronte x
4 Harry Potter series - JK Rowling x
5 To Kill a Mockingbird - Harper Lee x+
6 The Bible
7 Wuthering Heights - Emily Bronte
8 Nineteen Eighty Four - George Orwell x
9 His Dark Materials - Philip Pullman x+
10 Great Expectations - Charles Dickens x
11 Little Women - Louisa M Alcott
12 Tess of the D’Urbervilles - Thomas Hardy
13 Catch 22 - Joseph Heller x+
14 Complete Works of Shakespeare x
15 Rebecca - Daphne Du Maurier
16 The Hobbit - JRR Tolkien x
17 Birdsong - Sebastian Faulks *
18 Catcher in the Rye - JD Salinger x
19 The Time Traveller’s Wife - Audrey Niffenegger
20 Middlemarch - George Eliot
21 Gone With The Wind - Margaret Mitchell
22 The Great Gatsby - F Scott Fitzgerald
23 Bleak House - Charles Dickens
24 War and Peace - Leo Tolstoy
25 The Hitch Hiker’s Guide to the Galaxy - Douglas Adams x+
26 Brideshead Revisited - Evelyn Waugh
27 Crime and Punishment - Fyodor Dostoyevsky
28 Grapes of Wrath - John Steinbeck x
29 Alice in Wonderland - Lewis Carrol
30 The Wind in the Willows - Kenneth Grahame
31 Anna Karenina - Leo Tolstoy
32 David Copperfield - Charles Dickens
33 Chronicles of Narnia - CS Lewis
34 Emma - Jane Austen
35 Persuasion - Jane Austen
36 The Lion, The Witch and The Wardrobe - CS Lewis
37 The Kite Runner - Khaled Hosseini
38 Captain Corelli’s Mandolin - Louis De Bernieres
39 Memoirs of a Geisha - Arthur Golden
40 Winnie the Pooh - AA Milne
41 Animal Farm - George Orwell x
42 The Da Vinci Code - Dan Brown x
43 One Hundred Years of Solitude - Gabriel Garcia Marquez x
44 A Prayer for Owen Meany - John Irving
45 The Woman in White - Wilkie Collins
46 Anne of Green Gables - LM Montgomery
47 Far From The Madding Crowd - Thomas Hardy
48 The Handmaid’s Tale - Margaret Atwood x+
49 Lord of the Flies - William Golding x
50 Atonement - Ian McEwan x
51 Life of Pi - Yann Martel x++
52 Dune - Frank Herbert
53 Cold Comfort Farm - Stella Gibbons
54 Sense and Sensibility - Jane Austen
55 A Suitable Boy - Vikram Seth
56 The Shadow of the Wind - Carlos Ruiz Zafon
57 A Tale Of Two Cities - Charles Dickens
58 Brave New World - Aldous Huxley x
59 The Curious Incident of the Dog in the Night-time - Mark Haddon x+
60 Love In The Time Of Cholera - Gabriel Garcia Marquez
61 Of Mice and Men - John Steinbeck x
62 Lolita - Vladimir Nabokov
63 The Secret History - Donna Tartt
64 The Lovely Bones - Alice Sebold
65 Count of Monte Cristo - Alexandre Dumas
66 On The Road - Jack Kerouac
67 Jude the Obscure - Thomas Hardy
68 Bridget Jones’s Diary - Helen Fielding x
69 Midnight’s Children - Salman Rushdie
70 Moby Dick - Herman Melville
71 Oliver Twist - Charles Dickens
72 Dracula - Bram Stoker
73 The Secret Garden - Frances Hodgson Burnett x
74 Notes From A Small Island - Bill Bryson x (funny and too true)
75 Ulysses - James Joyce (one of my favorite books)
76 The Inferno - Dante x
77 Swallows and Amazons - Arthur Ransome
78 Germinal - Emile Zola
79 Vanity Fair - William Makepeace Thackeray
80 Possession - AS Byatt (just finished. so good)
81 A Christmas Carol - Charles Dickens
82 Cloud Atlas - David Mitchell
83 The Color Purple - Alice Walker x
84 The Remains of the Day - Kazuo Ishiguro
85 Madame Bovary - Gustave Flaubert x
86 A Fine Balance - Rohinton Mistry
87 Charlotte’s Web - EB White x
88 The Five People You Meet In Heaven - Mitch Albom x+
89 Adventures of Sherlock Holmes - Sir Arthur Conan Doyle
90 The Faraway Tree Collection - Enid Blyton
91 Heart of Darkness - Joseph Conrad
92 The Little Prince - Antoine De Saint-Exupery *
93 The Wasp Factory - Iain Banks
94 Watership Down - Richard Adams x+
95 A Confederacy of Dunces - John Kennedy Toole
96 A Town Like Alice - Nevil Shute
97 The Three Musketeers - Alexandre Dumas
98 Hamlet - William Shakespeare
99 Charlie and the Chocolate Factory - Roald Dahl x+
100 Les Miserables - Victor Hugo

33.

Friday, April 17, 2009

That the children of the poor under-achieve in later life, and thus remain poor themselves, is one of the enduring problems of society. Sociologists have studied and described it. Socialists have tried to abolish it by dictatorship and central planning. Liberals have preferred democracy and opportunity. But nobody has truly understood what causes it. Until now, perhaps.

The crucial breakthrough was made three years ago, when Martha Farah of the University of Pennsylvania showed that the working memories of children who have been raised in poverty have smaller capacities than those of middle-class children. Working memory is the ability to hold bits of information in the brain for current use - the digits of a phone number, for example. It is crucial for comprehending languages, for reading and for solving problems. Entry into the working memory is also a prerequisite for something to be learnt permanently as part of a declarative memory - the stuff a person knows explicitly, like the dates of famous battles, rather than what he knows implicitly, like how to ride a bicycle.
Mr. Bate explores a different Shakespeare,one Jonson described as "Soul of the Age!", the man who stood for and expressed the essence of his generation.

The effect, curiously, is not to distance the man, but to sharpen him. Approaching him locally, with connections to specific places and people, with certain books on his desk, and an eye out for particular political and diplomatic pitfalls - all this brings Shakespeare into focus. Not that any biographer has much hard fact to work on. As Mr Bate says, Shakespeare is elusive in every way: in his politics, religion, sexuality and in everything else that matters. The trick, it seems, is to pay very close attention to what evidence there is, not to take anything for granted and, well, to know a great deal about this world.