Wednesday, January 31, 2007

I continue to ponder what to do with my career. I do know that I need to move my career forward somehow seeing as I want to eventually support a family, but right now I’m unsure as to ‘how’? Paying rent, bills and all other expenses at the same time as attending business school seems like so much to take on right now. I’ve had many people further in their careers warn me about the perils of taking on a huge student loan. The only solution I can really see is attending an online business school while working full-time, which seems like a lot, but could definitely be the best available option. Simultaneously I’ve been looking at learning day-trading which just from the outset, is a tidal wave of necessary knowledge and potential risk from my current perspective. Then again, I suppose going into the business world always presents significant risk as is the case in any open market. Right now I will continue to look at both options for the future, studying for the GMAT and reading up on technical analysis and hopefully come to some sort of decision.

Or who knows, maybe some day I can do both 

Tuesday, January 30, 2007

Easily one of the biggest stories in the world of business today is Microsoft's impending release of Vista . Those of you who read my previous tirade against Apple's business practices might assume I am happily anticipating this release. However this could not be further from the truth.

Reports are that Microsoft worked extremely hard at this upgrade, pouring in billions of dollars, but what really came out of it? Rounder corners? (Isn't that what XP did?) Translucent window edges? (Who cares?). Certainly one thing it is reported to do well: eat up an enormous chunk of your computer's available RAM.

Right now as I use XP, I don't really see anything I 'need' from an operating system. What I love about windows is its compatibility where millions of people around the globe develop great freeware that I can use with XP. I need something to find files instantly? Download Google Desktop Search. I like Mac's visually appealing program launcher on the bottom of the screen? Download RKLauncher. Don't like Internet Explorer? Get Firefox and the tons of compatible extensions. There's even a Windows XP Vista theme that has fooled some people into thinking its the $200+ new operating system.

Still though, people will upgrade to upgrade, businesses will tack it on to their ample IT budget just like they did with flat-screen monitors in what seemed like increased DRM ability that Micro$oft has its eye on, Vista being a bit of a Trojan Horse.

Really though, this is still mostly speculation, though one thing I feel comfortable speculating is on Microsoft's current business model allowing Vista to make them a whole lot of money.

Saturday, January 27, 2007

Update on the car crash-

Well over a month later and this car crash business is still affecting us. I've been driving around in a rental car for a few weeks now- finding a new car has not been easy. After paying for a consumer reports package on how to look for a new car I have been searching through the different models looking at reviews, recommendations, and blue book values.
My priorities were: good gas mileage, low road noise, enough room to cart things about (not a 2 door car), relatively safe and not too expensive to maintain. Then of course my budget- $3500- $7500 (I received $3200 for my totaled car)

So firstly I was looking at Camry's and Corollas, both highly recommended as reliable on consumer reports, easy to maintain being so popular- easy to get parts for etc. I had actually got as far as deciding on a specific 2000 Corolla a few days ago (I was loving the gas mileage in these times of Global Warming.) When I drove it however, it really did just feel a little too small- it just didn't feel safe- particularly as I now know what it is like when an SUV hits a much smaller car. After weeks of research and looking at cars I felt back to square one. Still with the rental car at $35 a day I knew this was no time to give up for a while and today I can report good news!

I DID finally buy a car! It is a 1998 Toyota Avalon with 100k miles. Its a few more miles than I was hoping for, but apparently they run as long as Camrys (~250-300k) since they have the same engines. It also has more room in the back/trunk and they say it gets great gas mileage--30+ on the highway. Also I managed to pay a little over $1,000 less than for the 2000 Corolla (with 83k on it).

So yay- our Chiropractor appointments still continue but we do have the car part out of the way!

Saturday, January 20, 2007

A recent big piece of news from the business world was the iPhone. On January 9th of this year, Steve Jobs unveiled what had been strongly rumored by salivating Apple fans. I must admit, I come from a bit of a bias having quite a distaste for Apples. Although I grew up on them, and can see some of their benefits, overall I hate their business plan.

Now that's a strong word, but I'm surprised its not a stronger sentiment among consumers (Apple seems to be growing quite well since Jobs' resurgence and the emergence of the iPod). I'm surprised that more consumers aren't taken aback by Apple's attitude of forcing their customers to use their hardware only as Apple sees fit. At first it was restricting software for the Macintosh computer, then it was the dreaded iTunes music service on the iPod (I particularly dislike how it is impossible to have a subscription service) and now, in a similar attitude they are not allowing the future customers of the iPhone to install software on the Mac OSX that the device is running as well as forcing customers to use a specific phone service, Cingular instead of the current preferred carrier (where I live currently, for example, Verizon has much better service).

However, even with my problems with how Apple does business, I must admit, it does look pretty amazing.



I just hope there's some truth behind the the rumored "Googlephone" or else I might find myself betraying my business principles!

Tuesday, December 19, 2006

The first step of starting your own business is an idea. Something about your business must be original in some way, correct? It might be something as plain as a location for a franchise store where there is a market niche, or it might be a revolutionary technology. I have yet to come up with anything ground-breaking for sure, but I thought I'd put out an idea I had to my readers. Feedback is of course welcome.

From what I've seen, there are people out there who might have no problem drinking a $2 Charles Shaw alone, but would feel awkward putting it out for guests. Yet these same people might not want to shell out the $10-15 a bottle or more when sering at their house to their 20-something year old guests who can hardly tell the difference beyond seeing an interesting label from a respectable locale such as Napa, Chianti or Bordeaux. This is where my product would step in. For a relatively low price, we would ship stickers of fictional yet exotic-sounding wines that can be easily applied onto any bottle. Sounds shameless, but in this age of anonymous online ordering, I believe there's a market!

Oh and no stealing! ;-)

Monday, December 18, 2006

Well apologies all for the lack of posts recently. I have been involved in a car crash and have been spending a lot of time dealing with the many repercussions that come along with such things. It does seem horribly unfair that even when you have done absolutely nothing wrong you still have so much to take care of. Insurance can only do so much.

The accident happened as follows: I was at a stop light which then turned green and I set off down the street, meanwhile a guy coming in the other direction decided to suddenly turn across our line making a left turn. Crazy behavior causing me to throw on my breaks all of a sudden. The big SUV behind us then ran into the back of our car.

Following the accident things didn't seem so bad, our body work in the back of the car was messed up, but the car seemed almost drivable. My wife and I both seemed fine, apparently no injuries. One of the craziest things was that the guy who turned across our lane causing the accident just drove away not stopping. Luckily we got his license and handed it over to the police. It appeared the lady behind us was to be full responsible however, she was very apologetic and exchanged details with us no problem. We sent the car into the shop and spent the remainder of the day in a good amount of shock, but otherwise fine.

Next day we awake and my wife's neck is killing her, she hadn't been able to sleep all night, my neck is similarly sore. We are advised to seek medical attention and have spent some good time now with a Chiropractor. The next brick to drop is that our car has been totaled. Weeks after spending $1500 on the clutch we are now going to be given just $3200 for our car- it's gone :-(
what seemed like a small accident has turned into a nightmare, with medical bills, neck braces, rental cars and many many decisions to be made. Life is suddenly a whole lot more complicated.

Saturday, December 09, 2006

've been doing some more reading into technical analysis with the intention of eventually day-trading some of my investments. So far most of my reading has been establishing the base of reading price action—looking for trends through support/resistance levels, patterns such as triangles and wedges, and reversal signals such as heads-and-shoulders and triple-bottoms/tops. My understanding is that these are really meant to be side-additions when interpreting signals from tools such as moving averages and oscillators which I'm just beginning to get into now. There's a fair amount of me that's still a bit skeptical of the field of technical analysis, but I know that there are people out there who are successful at it, so why not me?

Monday, November 27, 2006

Wow, my recent Thanksgiving trip to Seattle has certainly made me question the idea of moving away from California for school. It was so so cold up there, and that is nothing to what it would be like in DC or New York. After a while I guess I have just started to take the San Diego weather for granted. It had been a long time since I had seen endless rain like that, so depressing. I swear it affects my mood. It certainly makes it more difficult for me to get up in the mornings, my 6.30 am mornings in SD are tough at first, but as soon as I pull open the curtains and see the bright blue sky I always feel ready to get up and go. Hmmmm I wonder if I will always feel like that? Anyway it makes the idea of an online or local education far more tempting when I head out of this city.

Monday, November 20, 2006

My new favorite site: kayak.com
I just love this site- the layout is wonderful, so easy to use. The flights are always the best deals around- such a refreshing change from Expedia et al. I love the way it just sends you to the correct airline's site. Mainly I love this site because I feel no need to shop around, I just use kayak and know that this is most likely the best deal there is and can stop looking. So many hours of time saved.

Friday, November 17, 2006

I recently spent the day kayaking with a lady who went to Harvard Business School for her MBA. She was showing me how many doors it has opened for her- she really has been able to have three very separate careers since that time, all doing very different things and all thanks to her time at HBS. This has lead me to a little more research on MBAs myself.

This article on 'What's an MBA really worth?' is certainly a little gloomy and suggests that skills learned in business school are not necessary to make one a business leader. The social networking they do concede to be important however, and point to Harvard in particular as offering a big leg up through the close knit ties you make as a business student.

An article in business week suggests however that an MBA is usually worth the costly investment (getting to over $100,000 in some cases). Or at least that most graduating with an MBA will have no trouble paying off their loans when they enter into thier 6 figure starting salary jobs (the article is not so clear as to whether the MBA is needed for such a career path).

This site offers some wise advise as to when to enroll in an MBA program- namely when ti is most necessary for your career. This is unlikely to be right after undergrad, but maybe important somewhere down the road in your business career. The site also mentions that an MBA really is important for getting into the top echelons of a business.

So conclusion- Getting into Harvard Business School or Wharton would be nice :-)
Otherwise it seems best to leave the MBA for a little while, get more experience, and make use of it when I really know what I need it for.

Tuesday, November 14, 2006

Currently I'm reading into day trading. At first glance, my 'too-good-to-be-true-so-it-probably-is' alarm went off. That was until I discovered the sheer volume of literature on the subject and the enormous population who participates. Right now I'm looking through what many consider to be the standard literaturen for the practice: Technical Analysis of the Financial Markets by John Murphy. Not exactly an all-night page-turner, but it is a very comprehensive introduction to Technical Analysis and day-trading. I plan to follow Murphy's book with a couple of other books on the mindset and psychology that is necessary for day trading. I've read from several different sources that this is a vastly underestimated necessity for anyone who looks to succeed in day-trading. Hesitation, second-guessing as well as over-confidence can be disastrous. Hopefully with a few books under my belt, I'll be able to gauge my confidence level and decide whether to invest the capital needed to begin trading.

Monday, November 13, 2006

Headed up to LA this weekend.
Saturday evening we stayed on Beverly Blvd. and went out to a Comedy Club to see Doug Stanhope, it was a lot of fun. First we had dinner at the club and were pleased to find out that all those who came for dinner had thier seats reserved for them, which meant we got a really top notch spot, right at the front.
The first act was a woman who was about the most unfunny person I could ever imagine. Her jokes revolved around premises such as- using Star maps instead of real maps and Canadians having free health care meaning they just go and have CAT scans for fun, if this wasn't enough she never expanded further than the premise of the joke. She just simply stated it in one sentence and moved on to the next one. Every time a slight courtesy laugh.
The following two acts were much better, although a little cheap in their use of almost purely offensive subject matter. This gets a laugh without any sort of cleverness and is, I think, a little lazy. Still Doug Stanhope himself was great, just long streams of consciousness, moving effortless from one topic to the next, often having five different jokes running concurrently and never seeming to be at all concerned that he was on stage and needed to entertain people. His humor was often smart and inciteful. It was a very fun evening.
Next day we headed of to Buena Park for a trip to Knotts Berry farm. After a very successful trip to Disney's California Adventure earlier in the spring we were eager for more theme park fun. Unfortunately we were a little disappointed. Knotts certainly had more roller coasters than CA Adventure. The Excelorator and the Silver Bullet being among the most fun, as well as a few others, but there was something just wrong about the park. After a morning of wandering around a little disparities we finally realized what this was- there was no theme. CA adventure is a wonderful celebration of everything great in this beautiful state, from the boardwalks of Santa Cruz, to the mountains of Yosemite, to the vineyards of Sonoma the diversity and beauty of the State is all included. From the minute you step in through the mini golden gate bridge to your trip down the fake Hollywood Blvd. You really feel that you are in California, even our beautiful State Poppy is celebrated.
Contrast with this a theme park whose theme is some mix between Peanuts, Pioneers, God Bless America and every tacky children's toy that can be sold at different stands. No thought has gone into the layout of the park, each ride seems to have just been plonked down wherever it might fit. The result is that the only time you really enjoy are the 50 or so seconds you spend on each ride. This isn't good enough.
Additionally the management of the park was poor, no single rider line, no fast track system and no comprehensive map explaining about different rides. The entertainment was hilarious and by far the highlight of the day. 20 kids all dressed up in the colors of the flag singing songs about our wonderful nation and how everyone else in the world wants to live here- really great for the international tourists that was. Worst of all there were maybe 2 drinking fountains in the whole park- not fun in Southern California.

All this got me thinking that the tempers business is really quite fascinating, the difference between an excellent and a really poor job being manifested in so many ways. I've spent the whole day reading Amusement today and the IAAPA ( International Association of Amusement Parks and Attractions) . I've even found that you can study themeparks. Maybe I will have to think about doing my MBA with a focus on themepark management, I think it would be fascinating to work one up from mediocrity like Knotts to something really great,

Sunday, October 29, 2006

Went to a very fun Halloween party last night.

First let me proudly say we spent a total of $14 on our costumes (for the two of us.
I was Clark Kent - Superman t-shirt covered in white button down shirt, black pants, glasses, gelled back hair. Of course top buttons were down to show the Superman T-shirt below.

("I'm very mild mannered" in case people didn't quite catch on. )

My wife was Hermione Granger. Black dress and coat, red scarf, black witches hat, back combed bushy hair and topped it off with a S.P.E.W. badge.
"You can't apparate or disapparate inside the Hogwarts grounds- haven't you ever read Hogwarts, A History."


Anyway, lots of fun was had - some jello shot eyeballs, and other interesting Halloween delights were on offer. The best costume we saw was Lil' Kim in her jail uniform, big booty and all. The worst costumes being soccer players (three different ones, none of whom incidentally knew anything about soccer).

Saturday, October 21, 2006

The Prestige-

Wow, what a great movie. Still in my mind I am going back over little details, tiny little plot and character items that had been placed, early on to set the scene. Now that the movie is over and their significance realized this film is even more appreciated in its magnificence. Even now several hours later I am still a little blown away by this film.

Christian Bale was of course just amazing, a really and gritty performance. Hugh Jackman was also so great that I barely made the connection with the actor- this was not what I would have expected for Mr. Jackman. The rest of the star studded cast all did wonderfully, and indeed this was one of Michael Caine's better choices (we still haven't forgiven Miss Congeniality).

At times the plot of this movie seemed slow, but it was all important after the fact, this was simply setting the show, setting the scene for the amazing prestige. Mind you, a movie not for the faint hearted and the rather more gruesome aspects of the movie are still horrifying me as I speak.

Of course you are guessing right to the end, and I am heartily glad I saw the movie before anything was spoilt for me.

i do not want to say too much more, as I am afraid to give too much away. but worthy of Oscars certainly this is an incredible movie that must be seen. Just be warned, if the birds upset you, this is only the start.

Sunday, October 15, 2006

This morning at the Hillcrest farmers market I saw my old Boss, (a typical Nazi head chef type). Even just seeing him made a chill go down my spine. It makes me so grateful of my current job, which although perhaps not as excited as work in a kitchen, I nonetheless do not live in constant fear of his tirades. That sort of living is so tiring.
I really don't appreciate having nice bosses enough, what a difference that can make! One of my friends is currently having real trouble with her boss. she loves her job generally, really enjoys everything she does, has no problem working very hard and is really dedicated. The boss however is driving her to a point where she is almost ready to throw in the towel. In contrast to my old nightmare boss, this is not a guy who storms and yells. Rather he is quiet, passive aggressive and is his most hurtful by simply not answering questions he has no interest in and failing to appreciate a single thing that she does.
It is a frightening thing how much power our bosses can have. However crazy and unstable they might be as individuals, however poor their judgment might be, they nonetheless have our future careers in their hands, and through a less than stellar recommendation in the future can possible alter our course for the worst.
Tomorrow is Bosses Day. Something I really think is a stupid excuse to eat more unhealthy food and donate to Hallmark. Nonetheless now appreciating how lucky I am with my bosses I think I will throw in a few dollars for the bunch of flowers our office is planning on getting our top exec.

Friday, October 13, 2006

Hmmm going back to the joint MBA/JD thought and I just don't think it really would have any value. Well, I mean that it just wouldn't be worth it. Plus I am the last person who needs to procrastinate further! I need to decide MBA or JD, or whatever else I will do and just get on with it. It seems to me the joint degree option is really just for those who can't decide, those who have big eyes, or those whose parents will pay for them to do both, and end up with a prestige worthy son/daughter. Searching around I really honestly haven't found a place at it is useful. Especially the option at Northwestern. I mean if you can get a JD or an MBA there you should be pretty set, there's just no reason to do both.

Monday, October 09, 2006

Considering an MBA or Accounting Degree

Recently I've been becoming more and more attracted to the idea of an MBA. I've been hesitant at times due to hearing from some people that it is a degree which attempts to teach skills which cannot be taught, that succeeding in the business world is not about learning theories in the classroom.

Part of my recent change in preference has been due to my internship at a start-up company. It's not until I really dived into the business world up close that I realized how much there is to it that can be taught in general. Business plans submitted to investors, marketing techniques, basic accounting, these are concepts which the people I'm working with would have been fortunate to have learned prior to actually attempting to do it. Theirs has been a process largely based upon trial and error, meanwhile their time line for attracting an investor for their company draws nearer.

Setting my sights on an MBA also gives me more time to really decide if this is what I want to do. Since many MBA degree programs not only recommend, but require students to get multiple years of work experience before entering their programs, I can use this time to not only build my resume but explore other opportunities, including deciding whether this is the right path for me. Hopefully this current internship will do even more to help answer that question.

Until then, if you're interested in getting your MBA, here are some resources I highly suggest:

Friday, October 06, 2006

Well after hundreds of Craig's List purchases and sales I think we finally have our house the way we want it. The final touch was posting our beat up old coffee table for free (it went in about 1/2 an hour) and finding a replacement. We were so lucky in finding a replacement, some guy up the street - about 3 blocks from our house, selling a really great light wood table, with a matching end table. All for the wonderful price of $25. I think we should be able to make money off this one.
Not so much with the Lazy Boy sofa bed we just bought- got torn on the way in and took the value down t least $100. Oh well you win some and loose some.

Best purchase of the month: Our King Sleigh bed, with accompanying wonderful mattress- all for $450. Not cheap but certainly value for money. I haven't woken with a single back pain since!

Tuesday, October 03, 2006

Studio 60 on the Sunset Strip,

I am really loving this show. I'm so happy to have something to replace the WEst Wing so adequately. It certainly ids the best new show of the season. I guess I am still not entirely sure that I like Amanda Peet's character. She does not seem believable and is not as strong as Sorkin's female characters like CJ and Abby Bartlet.
Still I think Matt Perry and Brad Whitford are just great, and it is really nice to see Timothy Busfield also- great role for him. The writing in the show, from the dialouge to the humanity simply puts every other show on television to shame.
One thing I am not quite happy with is the female comic lead, she just doesn't seem funny. Still I will give her a chance, and in the mean time enjoy the show and be inspired to move to LA or New York and start working in television. It looks so exciting and I love how Sorkin removes the trivial.

Saturday, September 30, 2006

So, always one to wonder about the value of an MBA, I've been thinking about the advantages of a joint JD MBA, specifically at Northwestern. The program is joint with Kellogg school of business and Northwestern Law school. You end up with a JD and an MBA in just 3 years. First year and summer are spent at Law school, second year at Business school and then the third year you do both. It certainly is exciting to think that in 3 years you could come out with such a huge qualification. Still, I'm not sure what its actual value is. I was also a little put off at first by the thought of having to take the LSAT and the GMAT, but it turns out all you need to submit is your GMAT score.
Still it seems that the majority of students come out working in a law firm- so why even bother with the MBA- but I do like the flexiblity it would give you.