Thursday, January 15, 2015

Invest in people, not ideas

As PG points out.
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.

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.

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