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Google Chairman Predicts the End of Internet

  
  Education
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Speaking at the World Economic Forum in Davos, Switzerland on Thursday, Google Executive Chairman Eric Schmidt said that the internet will become so ubiquitous that it will “disappear,” CNET reports.

 When asked about his views on the future evolution of the web, the Google Chairman stated that he would “answer very simply that the internet will disappear.” Schmidt explained “there will be so many IP addresses…so many devices, sensors, things you are wearing, things that you are interacting with that you won’t even sense it; it will be part of your presence all the time.”

“Imagine you walk into a room, and the room is dynamic. And with your permission and all of that, you are interacting with the things going on in the room. A highly personalized, highly interactive and very, very interesting world emerges,” he noted.

Schmidt was speaking at a panel dubbed “The Future of the Digital Economy,” along with top executives from Vodafone, Facebook, and Microsoft.

Privacy Concerns (more…)

Trading Quotes from Trading Books

  
  Education
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“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”

Comparing Paper Trading vs. Real Trading
“Are you a good shot?” “I can snap the stem of a wine glass at twenty paces” “That’s all well, but can you snap the stem of a wine glass while the wine glass is pointing a loaded pistol straight at your heart?”

“A man must believe in himself and his judgement if he expects to make a living at this game. That is why I don’t believe in tips. If I buy stocks on Smith’s tip, I must sell those stocks on Smith’s tip. I am depending on him”

“Speculation is a hard and trying business, and a speculator must be on the job all the time or he’ll soon have no job to be on”

“The more I made, the more I spent. This is the usual experience with most men. No, not necessarily with easy-money pickers, but with every human being who is not a slave of the hoarding instinct. Some men, like old Russell Sage, have the money-making and the money-hoarding instinct equally well developed, and of course they die disgustingly rich”

“If a stock doesn’t act right, don’t touch it; because being unable to tell precisely what is wrong, you cannot tell which way it is going. No diagnosis, no prognosis. No prognosis, no profit”

“The big money was not in the individual fluctuations but in the main movements-that is, not in reading the tape but in sizing up the entire market and its trend” (more…)

PISA & TIMSS Confirm Low Quality of Indian Education

  
Analysis, Education, Life
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Indian students rank near the bottom on PISA, a global test of learning standards conducted in 74 nations this year. TIMSS, another standardized international test, produced similar results earlier in 2003.

This is the first time that Indian students participated in PISA. Students from Himachal Pradesh and Tamil Nadu took theProgram for International Student Assessment (PISA) test, coordinated by the Paris-based Organization for Economic Co-operation and Development (OECD). Prior to this participation, students from Indian states of Orissa and Rajasthan took a similar test called Trends in International Mathematics and Science Study (TIMSS) in 2003.
Tamil Nadu and Himachal Pradesh rank high on human development indicators among Indian states. The India Human Development Report 2011, prepared by the Institute of Applied Manpower Research (IAMR), categorized them as “median” states, putting them significantly ahead of the national average. IAMR is an autonomous arm of India’s Planning Commission. (more…)

Consistent And Discipline

  
  Education
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In order to realize the full potential of your trading systems it is critical that you take every trading entry, adjust every stop, and close out every trade as and when your system says you should do. This takes extreme confidence in your trading systems, good robust reliable technology, and the mental discipline to stick to your trading plan whatever happens.
An underlying assumption about being consistent and disciplined is that you have a pre-defined plan for every situation you may face in your trading, so that you know how you are defining what being consistent is. Your plan needs to include at least the following items: (more…)

15 Points For Traders

  
  Education
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  1. For a trader to be successful their intellect must defeat their ego.

  2. A trader must use probabilities to overcome their own personal opinions.

  3. A trader has to use risk management to overcome the hope that a losing trade will turn around and just take the original stop loss plan.

  4. A trader must allow the actual price action to overcome any personal directional bias.

  5. A trader has to let a trailing stop overcome their desire to take profits too early early in a trade.

  6. Successful traders use their passion and goals to overcome their tendencies to laziness or procrastination in doing their trading homework.

  7. A profitable trader has learned to allow patience to overcome their desire to trade before they get a real entry signal.

(more…)

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