Betting on people over ideas saved me countless times as an investor. We thought Airbnb was a bad idea, for example. But we could tell the founders were earnest, energetic, and independent-minded. (Indeed, almost pathologically so.) So we suspended disbelief and funded them.
Thursday, January 15, 2015
Invest in people, not ideas
As PG points out.
Patents and innovation in China
They have a more flexible system, as Bunnie points out., and it allows them to do all sorts of neat things, like innovate on cell phones at a rate unimaginable in the US.
Tuesday, December 30, 2014
Exchanges and HFTs versus internalizers
A plan to limit internalization and market fragmentation. I guess the HFTs are for it so that they can see more order flow, but I really do think it's a win.
Tuesday, December 16, 2014
Monday, November 24, 2014
Thursday, November 6, 2014
Saturday, October 25, 2014
Resetting the root password on OpenBSD
Just had to do this. My first time booting in to single user mode. I feel like a big boy. Thanks to Geeklog for holding my hand.
Reboot the server
At boot> prompt type boot -s to boot into single user mode:
boot> boot -s
Next you will see a message as follows:
Enter pathname of shell or RETURN for sh:
Just hit [Enter] key to load sh shell.
Next mount / and /usr file system in read-write mode:
# mount -uw /
# mount /usr
Finally set or change the password for root user, enter:
# passwd
Press CTRL+D to boot into multiuser mode or just reboot server:
# reboot
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