Wednesday, September 2, 2009
Wednesday, July 29, 2009
'The Wheel'
I've noticed more and more recently how classic rock lyrics reference 'The Wheel' as a metaphor for life. It connotes a sense of helplessness or lack of control, e.g., getting 'caught up in the wheel', or the 'wheel keeps spinning' despite our efforts to the contrary. It is often associated with 'The Man' or 'Big Brother', and it is implied that 'The Wheel' can be avoided if one chooses to lead a counterculture lifestyle instead of a traditional 9-5. Similarities can be drawn to use of 'The Game' in hip hop culture.
Here is a growing list of songs that reference 'The Wheel'.
Here is a growing list of songs that reference 'The Wheel'.
- 'Wheel in the Sky' - Journey
- 'Jet Airliner' - Steve Miller Band
- 'Proud Mary' - Credence Clearwater Revival
- 'Sweet Home Alabama' - Lynard Skynard
- 'Eminence Front' - The Who
- 'Take it Easy' - The Eagles
Sunday, July 19, 2009
Wednesday, June 24, 2009
Plumas County Trout Fishing
Plumas National Forrest Quad Maps
Separates Lassen and Tahoe National Forests
North Fork Feather River:
Connects Lake Almanor to the northern tributary of Lake Oroville. Spans the following quads in the map above:
Middle Fork Feather River:
Connects the Sierra Valley Channels to Lake Oroville. Spans the following quads in the map above:
NORTH FORK FEATHER RIVER, BELDEN
Located off Highway 70 and Caribou Road, this is the best stream fishing option in the county. Because it is heavily stocked through early summer, the fishing stays decent through July.
The water directly below the forebay is the best place to start, but access is good downstream past the campgrounds. Bait or spinners best attract these planters. This is a good spot to bring the kids because of the number of fish in the river. For a more challenging task, head down Highway 70 to the Middle Fork of the Feather.
MIDDLE FORK, FEATHER RIVER
Flyfishermen consider this one of the best trout streams in California. It's not easy to get to because the best stretches are in the Feather River Canyon. But those who do the extra work to get to this federally designated Wild and Scenic River will be rewarded with beautiful wild rainbows to 20-plus inches and larger (and rarer) browns.
Any type of water is available on this river. Whether it's pocket water, pools, riffles or deep runs, you'll be able to take your best shot at it with little competition from other anglers.
Be careful of rattlesnakes and give yourself enough time to scramble out of the canyon.
GOLD LAKE BASIN
There's no more picturesque setting in the northern Sierra than Lower Sardine and Upper Sardine lakes below the Sierra Buttes in the Gold Lake Basin. The fishing is also pretty good at Lower Sardine and a number of the other lakes in the basin, particularly Gold Lake.
The lakes are accessible from Highway 49 and the roads to many of the lakes are excellent. There are also numerous backcountry options here.
Lower Sardine is fishable by boat, shore or float tube and is best fished with bait or spinners. The part of the lake where the waterfall from Upper Sardine enters the lake is a top spot. Boat rentals are available.
Upper Sardine, less than a half-mile above Lower Sardine, is best used as a hiking and swimming destination.
NORTH FORK FEATHER RIVER, BELDEN
Located off Highway 70 and Caribou Road, this is the best stream fishing option in the county. Because it is heavily stocked through early summer, the fishing stays decent through July.
The water directly below the forebay is the best place to start, but access is good downstream past the campgrounds. Bait or spinners best attract these planters. This is a good spot to bring the kids because of the number of fish in the river. For a more challenging task, head down Highway 70 to the Middle Fork of the Feather.
MIDDLE FORK, FEATHER RIVER
Flyfishermen consider this one of the best trout streams in California. It's not easy to get to because the best stretches are in the Feather River Canyon. But those who do the extra work to get to this federally designated Wild and Scenic River will be rewarded with beautiful wild rainbows to 20-plus inches and larger (and rarer) browns.
Any type of water is available on this river. Whether it's pocket water, pools, riffles or deep runs, you'll be able to take your best shot at it with little competition from other anglers.
Be careful of rattlesnakes and give yourself enough time to scramble out of the canyon.
GOLD LAKE BASIN
There's no more picturesque setting in the northern Sierra than Lower Sardine and Upper Sardine lakes below the Sierra Buttes in the Gold Lake Basin. The fishing is also pretty good at Lower Sardine and a number of the other lakes in the basin, particularly Gold Lake.
The lakes are accessible from Highway 49 and the roads to many of the lakes are excellent. There are also numerous backcountry options here.
Lower Sardine is fishable by boat, shore or float tube and is best fished with bait or spinners. The part of the lake where the waterfall from Upper Sardine enters the lake is a top spot. Boat rentals are available.
Upper Sardine, less than a half-mile above Lower Sardine, is best used as a hiking and swimming destination.
Plumas County Trout Fishing
Separates Lassen and Tahoe National Forests
North Fork Feather River:
Connects Lake Almanor to the northern tributary of Lake Oroville. Spans the following quads in the map above:
- 6, 15, 14, 13, 24, 37, 36, 49
Middle Fork Feather River:
Connects the Sierra Valley Channels to Lake Oroville. Spans the following quads in the map above:
- 44, 43, 42, 41, 40, 39, 38, 51, 50, 58
NORTH FORK FEATHER RIVER, BELDEN
Located off Highway 70 and Caribou Road, this is the best stream fishing option in the county. Because it is heavily stocked through early summer, the fishing stays decent through July.
The water directly below the forebay is the best place to start, but access is good downstream past the campgrounds. Bait or spinners best attract these planters. This is a good spot to bring the kids because of the number of fish in the river. For a more challenging task, head down Highway 70 to the Middle Fork of the Feather.
MIDDLE FORK, FEATHER RIVER
Flyfishermen consider this one of the best trout streams in California. It's not easy to get to because the best stretches are in the Feather River Canyon. But those who do the extra work to get to this federally designated Wild and Scenic River will be rewarded with beautiful wild rainbows to 20-plus inches and larger (and rarer) browns.
Any type of water is available on this river. Whether it's pocket water, pools, riffles or deep runs, you'll be able to take your best shot at it with little competition from other anglers.
Be careful of rattlesnakes and give yourself enough time to scramble out of the canyon.
GOLD LAKE BASIN
There's no more picturesque setting in the northern Sierra than Lower Sardine and Upper Sardine lakes below the Sierra Buttes in the Gold Lake Basin. The fishing is also pretty good at Lower Sardine and a number of the other lakes in the basin, particularly Gold Lake.
The lakes are accessible from Highway 49 and the roads to many of the lakes are excellent. There are also numerous backcountry options here.
Lower Sardine is fishable by boat, shore or float tube and is best fished with bait or spinners. The part of the lake where the waterfall from Upper Sardine enters the lake is a top spot. Boat rentals are available.
Upper Sardine, less than a half-mile above Lower Sardine, is best used as a hiking and swimming destination.
NORTH FORK FEATHER RIVER, BELDEN
Located off Highway 70 and Caribou Road, this is the best stream fishing option in the county. Because it is heavily stocked through early summer, the fishing stays decent through July.
The water directly below the forebay is the best place to start, but access is good downstream past the campgrounds. Bait or spinners best attract these planters. This is a good spot to bring the kids because of the number of fish in the river. For a more challenging task, head down Highway 70 to the Middle Fork of the Feather.
MIDDLE FORK, FEATHER RIVER
Flyfishermen consider this one of the best trout streams in California. It's not easy to get to because the best stretches are in the Feather River Canyon. But those who do the extra work to get to this federally designated Wild and Scenic River will be rewarded with beautiful wild rainbows to 20-plus inches and larger (and rarer) browns.
Any type of water is available on this river. Whether it's pocket water, pools, riffles or deep runs, you'll be able to take your best shot at it with little competition from other anglers.
Be careful of rattlesnakes and give yourself enough time to scramble out of the canyon.
GOLD LAKE BASIN
There's no more picturesque setting in the northern Sierra than Lower Sardine and Upper Sardine lakes below the Sierra Buttes in the Gold Lake Basin. The fishing is also pretty good at Lower Sardine and a number of the other lakes in the basin, particularly Gold Lake.
The lakes are accessible from Highway 49 and the roads to many of the lakes are excellent. There are also numerous backcountry options here.
Lower Sardine is fishable by boat, shore or float tube and is best fished with bait or spinners. The part of the lake where the waterfall from Upper Sardine enters the lake is a top spot. Boat rentals are available.
Upper Sardine, less than a half-mile above Lower Sardine, is best used as a hiking and swimming destination.
Plumas County Trout Fishing
Tuesday, April 7, 2009
Notes from Joe Nocera's article, "Risk Management"
See my previous post for a link to the article.
The Black Swan: The Impact of the Highly Improbable - Nassim Nicholas Taleb
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets - Nassim Nicholas Taleb
mea culpa
Faulty historical data contributed to the failure of the existing financial models.
charlatans
Black Swan Protection Protocol - Hedge Fund
VaR - Value at Risk. Risk Management model developed by "quants" at JP Morgon in the late 1980's to early 1990's. Designed to
The model was designed to help
patrician
Roger Lowenstein - "When Genius Failed". The fall of Long Term Capital Management (9/1998)
schadenfreude
comeuppance
Liquidity Crisis
Quote:
prosyletizer
CDS
Richard Bookstaber - "A Demon of Our Own Design"
Quote:
"People tend not to be able to anticipate a future they have never personally experienced."
"gauge the possibility that any kind of portfolio could lose a certain amount of money over the next 24 hours, within a 95 percent probability".
The model was designed to help
"make judgments about whether the firm should take on additional risk or pull back."
In a crisis, Brown, the risk manager at AQR, said, “you want to know who can kill you and whether or not they will and who you can kill if necessary. You need to have an emergency backup plan that assumes everyone is out to get you. In peacetime, you think about other people’s intentions. In wartime, only their capabilities matter. VaR is a peacetime statistic.”
Ethan Berman says, “he recognized that he didn’t have the transparency into risk that he needed to make a judgment. VaR gave him that, and he and his managers could make judgments. To me, that is how it should work. The role of VaR is as one input into that process. It is healthy for the head of the firm to have that kind of information. But people need to have incentives to give him that information.”
Risk
My dad recently gave me a copy of "Against the Gods: The Remarkable Story of Risk", by Peter L. Bernstein. As I was reading this on a bumpy plane flight to LA, I was reminded of my company's blog on Risk. Reading through a some prior posts led me to this article on Risk Management by Joe Nocera, published in the New York Times Magazine.
The article begins with the following quote:
I found this amusing, and the topic interesting.
The article begins with the following quote:
‘The story that I have to tell is marked all the way through by a persistent tension between those who assert that the best decisions are based on quantification and numbers, determined by the patterns of the past, and those who base their decisions on more subjective degrees of belief about the uncertain future. This is a controversy that has never been resolved.’
— FROM THE INTRODUCTION TO ‘‘AGAINST THE GODS: THE REMARKABLE STORY OF RISK,’’ BY PETER L. BERNSTEIN
I found this amusing, and the topic interesting.
Saturday, January 31, 2009
USF Financial Analysis Graduate Program
USF Financial Analysis Graduate Program
- 22 Months
- Classes on Saturdays only (8-12, 1-5)
- August - December, January - May
- March 1 - Priority application date
- June 10 - Application deadline
- Cost: $49,980 for whole program
- Can apply to USF MBA program after 19 units
- Coincides with CFA curriculum.
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