Saturday, May 21, 2016

Read, Learn, Improve - 21-May-16



 

I was uploading photos from my recent short trip with friends on Facebook, it was pretty simple thing just select picture, click upload and done. Facebook automatically tagged few of my friends in pics and few were not. This looks like simple straight affair till the time you notice that “Facebook automatically tagged your friends”……I didn’t notice this till I accidentally came across this article – The End of the Code - Soon We Won’t Program Computers. We’ll Train Them Like Dogs – Link here . That’s what Facebook seems to have done, in past me & my friends have uploaded tonnes of photos and tagged ourselves. Software can now recognize us and tags us easily, this is nothing but self learning software or we training the software. In effect in future we would be training software (called as neural network or Artificial Intelligence) on what we want rather than programming them. I wonder how many of us would have patient to train, given fast food generation we all are living in?....probably very few. However person would need to do it, like every time analyst plugs in historic data from annual report, software would correlate input number with different source it can access online and one of them would be company annual report. Imagine x-rays/scans can be easily read by machines & diseases can be diagnosed, Last year, machine learning helped computers recognize images more accurately than humans for the first time. As computers sees our pattern, it would start understanding us or start predicting our requirement, chances are we may not use or our use of desktop/laptop/tab/mobile may decrease as we would be able to have conversation with it. Amazon launched echo sometime back and Google quickly realized possibility and launched Google Assistant, read more of it here (Google’s New Products Reflect Push Into Machine Learning).  Every repetitive task would be easily automated. Apparently this happens to be very old phenomena in living creature it’s just now moving to software, to know more just read more about Pavlov's Dogs Link here for this Ivan Petrovich Pavlov was awarded Nobel Prize.

So now if we can train software to do lots of stuff for us, can we also train it to be our lover?...no matter how much we deny and wonder that machine can never replace human being for our physical & mental needs there are people who think it can, have a look at this article - Flirting With Humanity - The search for an artificial intelligence smart enough to love – Link here – it shows how bunch of people across the world are trying to do the same. One interesting para that stood out for me that I have replicated below

I (Reporter) asked Bugaj (Robot/AI developer) if he thought people would fall in love with Sophia (Robot with AI).
“Sure,” he said. “People fall in love with animals and shoes. A robot can provide more relatability.”
“But why? What does a human get out of that kind of relationship?”
Bugaj reflected a moment. “Why are humans so fascinated by chimps and dolphins? We are, as a species, lonely.”


So now let say if most of the work is automated, meaning most of the people that are involved in manual or routine/repetitive work would soon be jobless. No nation can afford to have huge population unemployed as that would be ultimate recipe of civil war/ disaster / terrorism etc etc. so would it be advisable for a country to give a basic income to its citizen, that takes care of their typical expenses (food + stay + medical + others) and ask them to focus on stuff they enjoy doing. So What Would Happen If We Just Gave People Money, world has no clear cut answer or experiment to refer to how people behave when they are given free money & no questions are asked on how they spend it. That is what is needed and hence number of people across the globe are conducting studies in various different way - “What Would Happen If We Just Gave People Money?” – Link here – to know about the same.

World population has been rising and it seems it’s likely to continue its uptrend, meaning more mouths to feed. However land is finite commodity, and we can’t create more of that (although I have heard few theories, we can claim land from sea/ocean, buts let leave that aside for a moment), so world would need more agriculture output on finite land, looks like we need tech to improve our productivity. Genetically Modified Organism is one option, however globally there have been lots of questions about its safety. the National Academies of Sciences, US based non-profit carried one of the biggest study on the safety of GMO, here are 5 big takeaways from the most thorough review of GMOs yet – Link here

During my early days in stock market, I was tracking retailing industry and given india was just experiencing retail boom through likes of Big Bazaar, Shoppers Stop, Spencers, Spinach , Crosswords, Piraymd, Subhiksha, Vishal Retail,  etc  etc.  Given sector was in its infancy stage to learn more about sector is to see where it has matured. So I turned to US “Wal-Mart”, read founder Sam Walton’s Made-In-America and tonnes of other stuff. During this I learnt that big FMCG companies would negotiate with Wal-Mart, given its huge volume. So I understood how much power retailing giant can exert on companies and on its own customers. That’s where the idea of Private labels came in, Wal-Mart has tonnes of private label across the board product category and it looks like Amazon is following the same - Why Amazon is going to start making generic diapers, coffee, nuts, and laundry detergent – Link here . Just a thought Big Bazaar/Future group tried something similar by launching Sach toothpaste in association with Sachin Tendulkar, however I think it didn’t work well.

According to ScienceFocus.com, the average human bladder (where urine gets stored) can hold about 400 to 600 milliliters of urine. The average person produces about 1,500 ml of urine every 24 hours, so it only takes nine or 10 hours before you're filled up and you've gotta go — bad. How long can you hold on without pee or going to toilet? Max should be 9-10 for a normal person.  However there are certain jobs (think of deep sea divers or military/sniper guys who hold on to their position for hours) or medical condition in which it’s difficult for person to get up & visit toilet. Of course there are solutions, but there seems to be better solution - HeWee Go: the device that could stop you from visiting the toilet ever again – Link here . I know people who are very workaholic and this would be absolute gift for those people who can save time to focus on work ;)

Most of us would have studied process of Photosynthesis in our school, however here is just a small recap of it from Wikipedia - Photosynthesis is a process used by plants and other organisms to convert light energy, normally from the Sun, into chemical energy that can be later released to fuel the organisms' activities (energy transformation). This chemical energy is stored in carbohydrate molecules, such as sugars, which are synthesized from carbon dioxide and water – hence the name photosynthesis. In most cases, oxygen is also released as a waste product. Most plants, most algae, and cyanobacteria perform photosynthesis; Photosynthesis maintains atmospheric oxygen levels and supplies all of the organic compounds and most of the energy necessary for life on Earth. So basically plants grow by doing photosynthesis and also produce oxygen as byproduct. Humans & herbivorous animals eat plant and inhale oxygen, carnivorous animals eat herbivorous animals and inhale oxygen too, so that’s basic right, key is Plant to grow which needs sun light, otherwise its difficult for other life forms to survive – that’s what I thought till date before I accidently bumped on article that states there is life form that can still produce food without the help of sunlight and there are other life forms who can survive environment where oxygen presence is very low & carbon dioxide presence is  high compared to our regular environment. This makes for a truly bizarre world, do check out - The bizarre beasts living in Romania's poison cave - Movile Cave has been cut off for millions of years. Its air is thick with harmful gases, yet it is home to an array of strange animals – Link here .

Few other interesting stuff i found interesting

There is an Rs 3 lakh crore-sized hole in India's tax net – Link here

Sticky fingers: The rise of the bee thieves - Bees have become a billion-dollar business. But who would try to steal them? – Link here

Why we must have the right to choose death – Link here

The Ukrainian Hacker Who Became the FBI’s Best Weapon—And Worst Nightmare – Link here

Saturday, May 14, 2016

Read, Learn, Improve - 14-may-16



 

A day in the life of India – Link here

Automation Will Never Eliminate Human Jobs – Link here

Warren Buffett 1998 Talk at University of Florida – Link here

Tinder for embryos: how the sharing economy could transform reproduction – Link here

Passive euthanasia gets a lifeline from govt – Link here

5 Powerful Forces Driving Inequality – Link here

Meet India's hottest YouTube stars who are all the rage with the millennial generation – Link here

William James on Attention, Multitasking, and the Habit of Mind That Sets Geniuses Apart – Link here

Why We Think We’re Better Investors Than We Are – Link here

Munger, Tolles and Olson LLP's Ronald Olson talks about wisdom gleaned from the Buffett-Munger partnership – Link here

Andy grove and the iPhone se – Link here

How Epic Fortunes Were Created During the California Gold Rush – Link here

(YouTube) - Last Week Tonight with John Oliver: Scientific Studies – Link here

 

 

 

Friday, May 13, 2016

A conversation with Millionair Taxi driver

Dopinder, taxi driver in movie deadpool


 

Life is a strange thing, one has no clue whom will you meet and when. I was out for meeting and was running late; I hollered for a taxi and asked for Nariman Point and got it. I saw traffic on the road and moaned “bahut traffic hai idhar” and Taxi Driver an old man with wrinkles on his face replied “yeah kuch bhi nahi hai beta”. Looking at long line of cars, I was taken aback by his casualness and said “kya baat kar raha ho chacha? And he respectfully maintained his stance.

As usual I asked him “kitna saal huwa aapko taxi chalte? And he said “45 years”, that’s pretty long time, I said with surprise “baap re, retire kab hona hai?, to which his reply was equally  unexpected “company ne retire nahi kiya, to mein taxi chalana kyu chod do?. I was confused at his statement and that was visible clearly on my face, so he offered to clarify by saying “mein private driver ka naukri karta hu?, ok, yeah taxi nikali kyu ki sahab bahar hai aur meri chuti hai. So the guy has full time driver job & drives taxi on holiday to make extra buck. This was new to me, because I was under the impression a driver can get taxi on hire usually for long term and not 1 day. So to clarify I asked “to aap naukri bhi karte hai?” to which he replied “haan aur taxi bhade pe bhi deta hu” … aapne pass 5 taxi hai- WTF (wait for more)…..oops…..he was the owner of the 5 taxi and gives on rent when he is on job.  I got more curious on how he manages taxi & regular job, so I asked him “kitna time huwa aapko naukri mein” to which he said “karib 30 saal, roj subah sheth ki gaadi chalta hu, shaam ko 5-6 baje taxi nikalta hu”. Now this is absolutely crazy, more curious I wanted to know if he sticked with one boss or kept changing to which he said , he has been with same boss ….:-o. I think boss has to be credited he has to be pretty good boss, so I said “aache Sheth lagte hai” and he acknowledged “haan bahut aache hai, worli mein flat diya hai rehne ko…..my mouth which was open got more wide (keep reading, I am sure it will hit the floor), he continued “haan woh Hotel-1(big brand) hai na? Woh unka hai, woh jo Hotel-2 (big brand) woh bhi unka hai. Having tracked hotel industry in past, I could easily figure out who he was talking about, so I asked if it was XXXX (surname of one of the richest family of India) and he replied with full name(confirming my guess)…..my now I had no idea how to reply other than “accha hai or badiya hai” and he continued “haan khana peena bhi free hai, unki hotel ki bahar gaadi lagake mein aandar jaa ke khaana khaa sakta hu free mein, Sheth ne pura permission diya hai” and that’s when my destination arrived and told him “bus bhaiya yeahi rok dijeye”.
 

Saturday, May 7, 2016

Read, Learn, Improve - 7-may-16



How the Sahara Group fought to prevent a book about its business being published – Link here

A Basic Income Should Be the Next Big Thing – Link here

Alphabet’s Next Big Thing: Building a ‘Smart’ City – Link here

Sweet little lies - How to read between the lines of companies’ accounts – Link here

When Mediocrity Trumps Brilliance – Link here

Creating value with Little Data – Link here

Why 'Encouraging Kids (or Anybody) to Fail' is Dangerous – Link here

WHY YOU CAN’T TRUST YOURSELF – Link here

How your insecurity is bought and sold – Link here

New genetic engineering is slipping past old regulations – Link here

How Uber conquered London – Link here

Step by Step: How Elon Musk Built His Empire (by Anna Vital) – Link here

Saturday, April 30, 2016

Read, Learn, Improve - 30-Apr-16



“As I have earlier noted, the most important things in life and in business can’t be measured. The trite bromide ‘If you can measure it, you can manage it’ has been a hindrance in the building a great real-world organization, just as it has been a hindrance in evaluating the real-world economy. It is character, not numbers, that make the world go ‘round. How can we possibly measure the qualities of human existence that give our lives and careers meaning? How about grace, kindness, and integrity? What value do we put on passion, devotion, and trust? How much do cheerfulness, the lilt of a human voice, and a touch of pride add to our lives? Tell me, please, if you can, how to value friendship, cooperation, dedication, and spirit. Categorically, the firm that ignores the intangible qualities that the human beings who are our colleagues bring to their careers will never build a great workforce or a great organization.” ― John C. Bogle, Enough: True Measures of Money, Business, and Life

Organic Pesticides – Link here

The Poverty of the Wealth Effect – Link here

Pakistan's China Connection to Nuclear Trouble – Link here

Why Luck Matters More Than You Might Think – Link here

Taxi dreams: A tale of two friends – Link here

The driverless truck is coming, and it’s going to automate millions of jobs – Link here

Saving Private Flipkart – Link here

In proof we trust ( Blockchain technology will revolutionise far more than money: it will change your life. Here’s how it actually works) – Link here

Dead man’s sperm (What drives the partners of men who have died to try and have their babies? Jenny Morber delves into the legally and ethically fraught world of post-mortem sperm donation) – Link here

Mark Zuckerberg’s audacious plan to control Facebook as he sells his stock, explained – Link here

Why Google and car companies are about to spend billions mapping American roads – Link here

The Tempest - Have Radhika and Prannoy Roy undermined NDTV? – Link here

Saturday, April 23, 2016

Read, Learn, Improve – 23-Apr-16



Tata Corus: 7 Lessons from a Deal from Hell – Link here

Indian e-commerce in 10 charts – Link here

The new KG scam - By Jairam Ramesh – Link here

How can you make your workplace more cooperative or how to increase team cohesiveness – Link here

Ignore These 7 Questions If You Want to Lose Money – Link here

How Information Graphics Reveal Your Brain’s Blind Spots – Link here

The Rise of the Most Powerful Idea in Investing – Link here

How the world’s wealthy hide millions offshore — from their spouses – Link here

How Finance Took Over the Economy – Link here

A Robot Wants Your Job - The investor of the future may already be incubating in a computer lab. Time to adapt to survive – Link here

Inside the Fall of SunEdison, Once a Darling of the Clean-Energy World – Link here

How politicians poisoned statistics – Link here

Bengaluru Doctor Invents a Rs. 50 Device To Give Throat Cancer Patients Their Voice Again – Link here & Link here

Why Thieves Steal Soap – Link here

Saturday, April 16, 2016

Read,Learn,Improve - 16-Apr-16



WHY DO WE WORK SO HARD? - Our jobs have become prisons from which we don’t want to escape – Link here

The Right Way to Regulate Prostitution – Link here

In perpetual present - the strange case of the woman who couldn't remember her past and can't imagine he future – Link here

The Social Realities of India’s Electrification, in One Map – Link here

Why ‘the syndicate’ is the construction industry’s worst-kept secret in Kolkata – Link here

Mobile Is Eating the World (2016) (PPT) – Link here

The Most Complicated Stocks – Link here

We are now witnessing Elon Musk’s slow-motion disruption of the global auto industry – Link here

Shocked by the Panama Papers? Blame Switzerland – Link here

(TLR) - The sugar conspiracy - In 1972, a British scientist sounded the alarm that sugar – and not fat – was the greatest danger to our health. But his findings were ridiculed and his reputation ruined. How did the world’s top nutrition scientists get it so wrong for so long? – Link here

Here’s your proof that Fed moves give stocks a huge boost – Link here

Twitter’s teen influencer - The story of @VinayakSharma19, 17 years and 6 months old, is also the  story of a get paid-to-tweet cottage industry which has sprung up on Twitter – Link here

Why the $15-B sari industry still has no single large player – Link here