{"id":36310,"date":"2016-10-24T10:15:57","date_gmt":"2016-10-24T14:15:57","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=36310"},"modified":"2016-10-24T10:15:57","modified_gmt":"2016-10-24T14:15:57","slug":"the-theory-of-gotchas","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=36310","title":{"rendered":"The Theory of Gotchas"},"content":{"rendered":"<p style=\"text-align: left;\">My father lost thousands of dollars by &#8220;investing&#8221; in Mexico just before it devalued.<\/p>\n<p style=\"text-align: left;\">My friend belongs to &#8220;the best&#8221; angel investors club. He&#8217;s lost money on every deal.<\/p>\n<p style=\"text-align: left;\">To me, you make money when you have<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">A. Knowledge, and<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">B. Control.<\/p>\n<p style=\"text-align: left;\">\u00a0This week&#8217;s Economist is:<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2016\/10\/PutiEconomist.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-36324\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2016\/10\/PutiEconomist.jpg\" alt=\"putieconomist\" width=\"300\" height=\"395\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2016\/10\/PutiEconomist.jpg 300w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2016\/10\/PutiEconomist-227x300.jpg 227w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">Russia is scary and fascinating. This Special Report is totally fascinating. \u00a0Some excerpts:<\/p>\n<div class=\"gmail_default\" style=\"text-align: left;\">\n<p style=\"color: #4a4a4a; padding-left: 30px;\">+ Reactionary restoration at home has led to aggression abroad. Russia has invaded Georgia and Ukraine, two of the most democratic former Soviet republics. It has intervened in the conflict in Syria, propping up the regime of President Bashar al-Assad. It has attempted to undermine Euro-Atlantic institutions, backed right-wing parties in Europe and tried to meddle in America\u2019s presidential election. And it is once again using the threat of nuclear arms to blackmail the West.<\/p>\n<p style=\"color: #4a4a4a; padding-left: 30px;\">After the defeat of the 1991 coup, Russia was widely expected to become a Westernised, democratic, free-market country. This special report will explain why that did not happen, and ask whether the West has a Putin problem or a much deeper and more enduring Russia problem.<\/p>\n<p style=\"color: #4a4a4a; padding-left: 30px;\">+\u00a0After nearly a decade of economic growth spurred by the market reforms of the 1990s and by rising oil prices, the Russian economy has descended into Soviet-era stagnation. Competition has been stifled and the state\u2019s share in the economy has doubled. The military-industrial complex\u2014the core of the Soviet economy\u2014is once again seen as the engine of growth. Alternative power centres have been eliminated. Post-Soviet federalism has been emasculated, turning Russia into a unitary state.<\/p>\n<div class=\"gmail_default\" style=\"padding-left: 30px;\">+\u00a0<span style=\"color: #4a4a4a;\">Between 2005 and 2015 the share of the state in the\u00a0Russian economy doubled, from 35% to 70%.<\/span>\u200b<\/div>\n<\/div>\n<p style=\"padding-left: 30px; text-align: left;\">+\u00a0<span style=\"color: #4a4a4a;\">Good marks are no longer the main prerequisite for getting a good job in Russia.<\/span><\/p>\n<p style=\"text-align: left;\">As you read the Economist&#8217;s<a title=\"Inside the bear. First article on Russia in the Economist\" href=\"http:\/\/www.economist.com\/news\/special-report\/21708879-when-soviet-union-collapsed-25-years-ago-russia-looked-set-become-free-market\" target=\"_blank\"><strong> Special Report on Russia<\/strong><\/a>, you will learn a new &#8220;Gotcha&#8221; &#8212; namely Putin. Russia is <strong>not\u00a0<\/strong>a place to invest in.<\/p>\n<p style=\"text-align: left;\">Please read the entire report. It&#8217;s an engrossing explanation of what Putin has done and his seeming motivations. The man is seriously dangerous.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>The outsourced software engineer<\/strong><\/span><\/p>\n<p style=\"text-align: left;\">Last week I lost words for this blog because I hadn&#8217;t saved. I had an idea: There are people who know more than I do about WordPress, the software I use for this blog.<\/p>\n<p style=\"text-align: left;\">I checked around and found a site called <strong><a title=\"Upwork.com outsources your work\" href=\"http:\/\/www.upwork.com\" target=\"_blank\">Upwork.com<\/a>. <\/strong>It puts you in touch with talented freelancers around the world. Upwork put me in touch with Attinder Pal Singh in India. and bingo I now have auto-save. Which means that the software Attinder installed automatically saves my work within a minute of my writing it.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Stuff learned<\/strong><\/span><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ The cheapest places to buy bulbs if from <a title=\"1000Bulbs.com\" href=\"http:\/\/www.1000bulbs.com\" target=\"_blank\"><strong>1000bulbs.com<\/strong><\/a> and <a title=\"Bulbs.com\" href=\"http:\/\/www.bulbs.com\" target=\"_blank\"><strong>bulbs.com.<\/strong> <\/a>But don&#8217;t stock up on zillions of bulbs. The technology of bulbs are changing every hour. There are incandescent, halogen, CFL (compact fluorescent) and LED (Light emitting diodes). Generally, the bulbs that cost more use less electricity, but not be dimmable or fit into your light fixture. I have a closet full of useless, obsolete bulbs. In short, buy bulbs sparingly. (You guessed correctly. I spent the weekend changing bulbs.) One lesson: MR-16 bulbs come in 12 and 24 volt. This is an MR-16:<\/p>\n<p style=\"padding-left: 30px; text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2016\/10\/MR-16bulb.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-36327\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2016\/10\/MR-16bulb.jpg\" alt=\"mr-16bulb\" width=\"232\" height=\"218\" \/><\/a><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ Hotels and airlines are often more expensive on the &#8220;discount&#8221; web sites (like Expedia) than on the home pages of the hotels. Airlines treat you miserably if you buy from a discount site, rather than from them. All the car rental clubs &#8212; Gold, Silver, Green, Platinum, etc. &#8212; give you a &#8220;discount.&#8221; But it&#8217;s miserable. Priceline is best for car rentals. Hotels and airlines can be bargained with on the phone.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+\u00a0\u00a0No one is staying at Trump hotels or playing on Trump golf courses any longer. That&#8217;s not true, of course. But many corporations have written Trump hotels off their &#8220;approved list for employee stays.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Please don&#8217;t bank at Wells Fargo<\/strong><\/span><\/p>\n<p style=\"text-align: left;\">My friends reports the cross-selling pressures remain. And are decidedly unpleasant, as well as hugely time-consuming.\u00a0The bank is irredeemable.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Entrepreneurship at its best<\/strong><\/span><\/p>\n<p style=\"text-align: left;\">A man approaches a bicycle, handheld electric saw at the ready. He powers it on, starts to drill, and is shot in the face with a noxious spray that makes him vomit uncontrollably. This is the dream of the inventors of SkunkLock, a new bicycle lock.<\/p>\n<p style=\"text-align: left;\">&#8220;Basically we were fed up with thefts,&#8221; said Daniel Idzkowski from San Francisco, one of the inventors of SkunkLock. &#8220;The real last straw was we had a friend park his very expensive electric bike outside a Whole Foods, and then went to have lunch and chat. We went out and his bike was gone.&#8221;<\/p>\n<p style=\"text-align: left;\">Idzkowski&#8217;s friend had used two locks, each $120, whose inability to stop a thief outraged him. &#8220;I blurted out, `why didn&#8217;t it blow his balls off?'&#8221;<\/p>\n<p style=\"text-align: left;\">With the right tools, Idzkowski said, a thief could cut through most locks in less than a minute. Thieves, he said, &#8220;talk in seconds: a 15-second bike, a 20-second bike, and it goes up to 30-60-second bikes, with Kryptonite locks that require two cuts, each about 25 seconds&#8221;.<\/p>\n<p style=\"text-align: left;\">With his co-inventor, Yves Perrenoud, Idzkowski created a U-shaped lock of carbon and steel with a hollow chamber to hold one of three pressurized gases of their own concoction, including one called &#8220;formula D_1&#8221;. When someone cuts about 30% of the way into the lock, Idzkowski said, the gas erupts in the direction of the gash.<\/p>\n<p style=\"text-align: left;\">&#8220;It&#8217;s pretty much immediately vomit inducing, causes difficulty breathing,&#8221; Idzkowski said. &#8220;A lot of similar symptoms to pepper spray.&#8221;<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Albert Einstein wisdoms<\/strong><\/span><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ The hardest thing in the world to understand is income tax.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ Imagination is more important than knowledge. Sign hanging in Einstein&#8217;s office at Princeton.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ Not everything that counts can be counted, and not everything that can be counted counts.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ Education is what remains after one has forgotten everything he learned in school.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ Two things are infinite: the universe and human stupidity; I&#8217;m not sure about the universe.<\/p>\n<p style=\"text-align: left;\"><strong><span style=\"color: #0000ff;\">Looking for a great Christmas present?<\/span><\/strong><\/p>\n<p style=\"text-align: left;\">This is $1850 and truly beautiful.<\/p>\n<p style=\"text-align: left;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-36321\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2016\/10\/Logines-Heritage.jpg\" alt=\"logines-heritage\" width=\"327\" height=\"491\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2016\/10\/Logines-Heritage.jpg 327w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2016\/10\/Logines-Heritage-199x300.jpg 199w\" sizes=\"auto, (max-width: 327px) 100vw, 327px\" \/><\/p>\n<p style=\"text-align: left;\"><strong><span style=\"color: #0000ff;\">Breakfast in bed this morning<\/span><\/strong><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">Susan: If Nansi calls, tell her I&#8217;ll call her back. I&#8217;m going to the gym.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">Harry: It&#8217;s not too late to bring me breakfast in bed.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">Susan: Yes, it is.<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-21218\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg\" alt=\"HarryNewton\" width=\"200\" height=\"199\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg 200w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton-150x150.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><br \/>\nHarry Newton, who offers: If you ever have trouble reading some of the articles I reference, send me an email and I&#8217;ll email you the whole piece.<\/p>\n<p style=\"text-align: left;\">It was a glorious weekend. Look at our backyard tree. The tree is redder than it looks in this photo.<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2016\/10\/FallTree2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-36320\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2016\/10\/FallTree2.jpg\" alt=\"falltree2\" width=\"572\" height=\"392\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2016\/10\/FallTree2.jpg 572w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2016\/10\/FallTree2-300x205.jpg 300w\" sizes=\"auto, (max-width: 572px) 100vw, 572px\" \/><\/a><\/p>\n<p><script>\/\/ <![CDATA[\n(function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){\n  (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),\n  m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)\n  })(window,document,'script','\/\/www.google-analytics.com\/analytics.js','ga');\n\n  ga('create', 'UA-45200733-1', 'technologyinvestor.com');\n  ga('send', 'pageview');\n\/\/ ]]><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>My father lost thousands of dollars by &#8220;investing&#8221; in Mexico just before it devalued. My friend belongs to &#8220;the best&#8221; angel investors club. He&#8217;s lost money on every deal. To me, you make money when you have A. Knowledge, and B. Control. \u00a0This week&#8217;s Economist is: Russia is scary and fascinating. This Special Report is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-36310","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/36310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36310"}],"version-history":[{"count":15,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/36310\/revisions"}],"predecessor-version":[{"id":36373,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/36310\/revisions\/36373"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}