Cafe Cartel Bread
It's free flow with your meal and tastes great with dipped in olive oil.
Yum!
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.Com of the the late 90's is now renamed as Web 2.0.
Remember history is repeated by those who never learn from it.
If you want to learn from people's mistakes, go to TechCrunch's Deadpool.
This is a tagged section of their website which lists companies that have gone belly up. Companies that owe million$ in debt or just couldn't get enough traction.
Everything from Second Life wannabes, MySpace wannabes, Facebook wannabes, Friendster wannabes, some with series A through C level of funding ranging from $1M to $300M all folding.
Take your pick, trawl through them and learn the lessons well.
Perhaps it may be me, but I find it a bit humiliating to sell your company on eBay. It's like stripping a carcass of edible parts to feed the vultures before finally dumping it. It's not dignified. But then again, if you do have vultures circling you, you may as well throw them something to keep them off your back.
There's nothing wrong with failure mind you. It's part and parcel of life. Consolidation happens. And you should give everything in life a try. That's life. Based on success rates of startups, a rational person would be foolish to start one. It's actually safer to invest in some strong blue chips.
It's a lot of money to a poor man, but to a rich man, they don't mind having a go. They might hit the big one with you. Doing a startup means giving it a go. If you really believe in yourself, and feedback from others tell you its good, do it. It's not the destination, the journey in life is important too.
Reading 1 - Wigan 2 (2-1, Lose $5.85)
Middlesborough 0 - Sunderland 1 (2-2, Lose $23.75)
Arsenal 7 - Derby 0 (5-0, Lose $5.10)
Liverpool 2 - Birmingham 0 (0-0, Lose $30.00)
Fulham 0 - Manchester City 1 (3-3, Lose $24.30)
Newcastle 1 - West Ham 1
Aston Villa 0 - Everton 1
Blackburn 2 - Portsmouth 2
Bolton 1 - Tottenham 2
Manchester United 2 - Chelsea 0
The Pareto Principle is a useful principle, often called the 80/20 principle. It can be used in quality control, 80% of faults are caused by 20% of the types of causes, sales (80% of your sales comes from 20% of your customers.)
It's roots lie in economics. Vilfredo Pareto studied the wealth of nations from the ancient Egyptians to modern day (at that time) Italy. He found that 80% of the wealth of a country is controlled by 20% of the population.
Looking at the Forbes list of 40 richest in Singapore, the breakdown of wealth even among the top 40 follows the Pareto Principle too. List of richest here.
The top 20% control 68% of the wealth, with the bottom 80% control 32%. (The principle is not exact, but it shows that asymmetry occurs.)
What are the other applications? I think equal wealth may not be a practical goal. Equilibrium is reached in asymmetric proportions. The New Economic Policy of Malaysia may be flawed to some degree. (The goal is for the Malays to control at least 30% of the wealth of the country.)
However, in the end, what happens is that there are very rich Malays and very poor Malays. There will be a top 20% of Malays who own 80% of the Malay wealth.
That being the case, the result will be that the top 20% of Malays will control 24% of the wealth of country. While the remaining 80% of Malays will control 6% of the wealth of the country.
It's an intuitive leap of logic, but I think that is why one of the observations as to why there are not more Malays being even more prosperous. The NEP benefits an asymmetric slice of the population.
Even worse, the average Malay voter on the street believes that the policy will actually benefit them. It only benefits the rich. Instead if the NEP is truly in the spirit of alleviating poverty, its benefits should be doled out based on economic boundaries rather than racial boundaries.
The key then, is not to hope for general external factors to push you into the top 20% but for you yourself to vault yourself there.
The one thing that I took away from this book was the word propriety. That there is a right thing to do at the right time, the proper thing to do. It's something we must all learn.
PDF of my summary in this link.
Instead of writing a movie review this time, I decided to dissect the movie into standard template motifs.
Joseph Campbell's Hero of a thousand faces. The hero role is supported by two characters, with Remy being the main hero.
Mystical Birth: Remy is born with a special sensitive nose that can even sniff out poison.
Call To Adventure: Remy is called to adventure when he is swept off into the sewer system.
Refusal of the Call: Remy wants to remain in the sewer.
Crossing the first Threshold: Remy takes the first step to go out of the sewers.
Supernatural Aid: Remy has the spirit of "Gusteau" advising him.
Rebirth/Transformation: The meeting of Remy and Linguini transforms each of them. Remy from just a rat and Linguini from a garbage boy.
Training Sequence/Road of Trials: Remy and Linguini train to work with one another to cook.
Woman As Temptress: Linguini is sidetracked with Collette that he forgets about Remy.
Atonement with Father: Remy sets things straight with his father, Django, later in Act III, Linguini learns of his heritage as Gusteau's son.
The Ultimate Boon: Linguini inherits the restaurant.
Refusal of the Return: Linguini basks in the limelight of fame and forsakes Remy.
The Magic Flight: Earlier in Act II when Remy steals the will and letter from Skinner's office.
Rescue from Without: The whole horde of rats come and help Remy cook.
This weeks EPL predictions:
Everton 0 - Man Utd 3 (0-1, Lose $21.75)
Portsmouth 0 - Liverpool 3 (0-0, Lose $30.00)
Tottenham 0 - Arsenal 1 (1-3, Lose $19.00)
Sunderland 0 - Reading 0 (2-1, Lose $24.25)
West Ham 1 - Middlesborough 1 (3-0, Lose $30.00)
Wigan 1 - Fulham 0 (1-1, Lose $23.90)
Birmingham 2 - Bolton 1 (1-0, Lose $12.75)
Chelsea 0 - Blackburn 0 (0-0, Win $131.75)
Manchester City 1 - Aston Villa 0 (1-0, Win $38.55)
Derby 0 - Newcastle 3 (1-0, Lose $30)
Virtual Lose: $21.35
Running Total (Loss): $226
No, I came to this conclusion, because I thought of it mathematically.
There is no way out of that. Even if I had the power to automagically give everyone on earth $10,000,000 each, the economic classes will still remain roughly the same. Property prices will just sky rocket based on each people's bids. There will be a certain percentage of people who will fritter away their money, COE's will skyrocket. (Pareto Principle will emerge.)
In business you may be one of the first movers in a new market, but there will be people who will see your success and start copying your product.
Because life is competitive, being agile, and stronger in business is a necessity. In an industry, consolidation occurs, and only 2-3 winners to emerge. One big winner, a second smaller one, and perhaps a third minority. The virtuous cycle is tapped on by these winners. The successful ones beget even more success. They tap into the economies of scale. It is a pattern that repeats itself over and over in industries. Car manufacturers, Airplane makers, Internet search engines, etc. In mathematical terms, clustering happens. Customers will start clustering around the best providers.
That is the reason why working hard is a feature of life. But working hard shouldn't be the target of work. It is a side-effect. I've seen too many bosses and workers pursue working hard as a goal. It is not a goal. It is the side-effect of pursuing a goal. Just like happiness and joy shouldn't be the goal, but rather the side effect of serving others. Commanding someone to work hard is, in a sense, the same as commanding someone to be happy.
I think the reason why people pursue the side effects is because they don't have clear cut goals in life and in business. A couple automatically works hard because they want their child to be well-fed, and provided for. They don't make it a goal to stay up late at night and lose sleep for the sake of losing sleep. But I see that in some offices. Peer pressure, expectations from the boss. "If I don't stay late in the office, people/my boss will think that I'm a slacker."
These thoughts remind me of a scene from "The Pursuit of Happyness" starring Will Smith. In that film, he played a man who worked hard because he had the goal of providing for his family. He worked hard because he had a clear cut goal of completing his tasks before 5pm. (It was not an option, he had to leave by 5pm so that he could queue up at the homeless shelter.) He then cut the goals into smaller sub-goals like shaving 8 seconds of each cold call by not hanging up with the phone but by pressing the hook with his fingers.
Is that it is invisible.
Imagine that only 3 out of 10 building projects succeed. 3 out of 10 building projects are abandoned. And the 4 that are delivered late are of poor quality, rundown and not what the customers wanted. Within 2 years, another project to replace these buildings will be in place.
Hardly what we see in the building and construction industry.
Unfortunately, that is the norm in the software industry. A lot of software is bad quality, badly maintained. The reason for that I believe is that software is invisible. A customer can only see the effects of software, he can't inspect with his eyes each line of code. What we can see of software is the draping of a cloth over an invisible structure. We can see the shape the structure makes, but we don't know how well the construction is.
Humans being sensory creatures find it hard to understand software. Software is an abstraction. Perhaps with more tools like unit testing, integration testing and continuous builds software construction could be made better.
I'm not sure how this problem can be solved outright. Education could be one thing, but some people don't want the secret out. Software consultancy is like the tailors trade in "The Emperor's Clothes".
The book was banned by the Catholic church because it expoused worldly principles of deceit and manipulation.
I've read it. Why?
Because Jesus said to be as innocent as doves yet as wise as serpents.
Do not imagine that if you meet a really humble man he will be what most people call "humble" nowadays: he will not be a sort of greasy, smarmy person, who is always telling you that, of course, he is a nobody.
Probably all you will think about him is that he seemed a cheerful, intelligent chap who took a real interest in what you said to him. If you do dislike him it will be because you feel a little envious of anyone who seems to enjoy life so easily. He will not be thinking about humility: he will not be thinking about himself at all.
Betting figures are hypothetical. I do not condone gambling. The figures are just to show that gambling doesn't pay.
Bolton 1 - Everton 1 (1-2 Lose $7.75)
Fulham 1 - Tottenham 2 (3-3 Lose $30.00)
Liverpool 2 - Derby 0 (6-0 Lose $17.25)
Middlesborough 0 - Birmingham 2 (2-0 Lose $14.00)
Newcastle 2 - Wigan 0 (1-0 Lose $29.20)
Reading 2 - West Ham 1 (0-3 Lose $6.20)
Manchester United 3 - Sunderland 1 (1-0 Lose $4.15)
Arsenal 3 - Portsmouth 0 (3-1 Lose $1.00)
Blackburn 1 - Manchester City 1 (1-0 Lose $4.20)
Aston Villa 0 - Chelsea 2 (2-0 Lose $1.30)
Virtual Loss: $115.05
Total Virtual Profit/Loss for the Season: -$204.65