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Posts Tagged ‘history’

You’ve Come a Long Way, ENIAC

July 2nd, 2010

Now I am reading The Universal History of Computing, an extremely complete and detailed account of every single computing advance in history. It is so complete that it starts with numbering systems, and the invention(!) of the number zero. Where would computers be without the zero?

ENIAC was short for Electronic Numerical Integrator and Computer, and it was designed in 1943 and completed in 1945. That was just 65 years ago. It was the first real computer because it was completely electronic, general-purpose, and analytical.

This thing was huge, as you can probably imagine. Much bigger than the computer (or mobile device!) that you are reading this on. In fact, it took up a space 18 ft. by 36 ft. So you needed a huge room just to put it in. Besides that, it weighed 27 tons!

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George Washington: A Trend Following Investor

November 12th, 2009
Brent and Marilynn @ Flickr

Brent and Marilynn @ Flickr

We know that George Washington was the father of our country. But was he also the father of Trend Following investing?

OK. That may be pushing things a little bit, but if you examine the career–especially the military career–Washington did use some essential techniques of great trend followers, like Rich Dennis.

Trend following is an investment strategy that couples risk minimization with return maximization. It does so through a couple key market insights:

  • Identify opportunities
  • Preserve capital
  • Limit risk
  • Let your profits run.

Let’s see how some of Washington’s campaigns match up with the trend following philosophy.

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Genghis Khan’s Three Tips For Overcoming Financial Challenges

May 11th, 2009
Genghis Khan and the Making of the Modern World
Genghis Khan and the Making of the Modern World

Timujin, a Mongolian child, had been the victim of a string of bad luck.

His father had been murdered. The tribe he belonged to abandoned him on the brutal Mongolian steppes in winter. His family was close to starving.

He wasn’t supposed to live, or become a Khan, let alone become a Khagan (emperor).

But Timujin, or Genghis Khan as history would call him, overcame all those challenges before him to become the emperor of the largest contiguous empire the world had ever seen.

How he did this–and how you can overcome  your own financial challenges–is through guidance based on a set of principles that helped minimize risk and maximize rewards.

This wisdom rests in three simple, but vital ideas.

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