Saturday, February 27, 2010

Ode to Electricity

I am back after a night at the local hotel that allows dogs, and they also allowed my pug to come, HA!

I am very thankful for the power company and all the work they did today; it was a real mess all over and they got the job done this time. I can say with 100% conviction that I am a wimp and too attached to modern convenience to ever be able to survive a real "end of society" event.

Sorry to miss a Friday night party but that's how the cookie crumbles at times.

In honor of my renewed love for electricity, I present this "Ode to Electricity" tribute night.

In the words of Willy Wonka:
"Invention, my dear friends, is ninety-three percent perspiration, six percent electricity, four percent evaporation, and two percent butterscotch ripple."
I would bump that up to 25% electricity!

I want to rock down to "Electric Avenue":

A wedding standby and one major reason men hate to dance at weddings (but you ladies love this crap), "Electric Slide":

The "Bang a Gong" song is from the band Power Station, how fitting:

We need "1.21 Jiga-Watts!!!":

This guy obviously has no power issues (From "Big trouble in Little China"):

Enjoy electricity, celebrate it even!

Have a good night.


Stagflationary Mark said...

When you've lost your power and you don't know what you should do...

(Con)fusion power, brought to you by the Electric Light Orchestra. :)

watchtower said...

Hey, ELO kinda has a Beatle's sound to them...

: )

Stagflationary Mark said...

Here's my favorite. :)

getyourselfconnected said...

Now why would anyone bring up the beatles?????

ELO is good, but I am into KLF, its 3 am eternal you know??

watchtower said...

'Can't Get It Out Of My Head' is one of my favorite ELO songs.

Although to me it does seem to be influenced by the band that shall go unnamed.

getyourselfconnected said...

Watch, OMG skating on thin ice!!!!!!!!!! LOL

GawainsGhost said...

I read a review of the new book The Quants in BusinessWeek this morning. The general assessment is that it's an at-times overheated but valuable rendering of the math whizzes who blew up Wall Street.

Tells the story of four quants, armed with arcane mathematical models and superfast computers, who made a lot of money in the boom and lost billions in the bust. Scenes of bloodletting and screen-punching as events their models predicted could only happen once every 1000 years were in fact happening every day, and their portfolios tanked.

Interesting note about the original quant, Edward Thorp, who began using math models to make money, first at blackjack then in the stock market, in the 1960s. He was inspired by a Frenchman, Louis Bachelier, who observed in 1900 that stock prices oscillate in much the same way pollen disperses. Most would assume that means randomly and unpredictably, but Thorp saw it as a way of calculating whether stock warrants were correctly priced. Soon he was making a fortune off of bets on derivative securities, and his writings influenced the next generation of quants.

But the new kids on the Street ignored the most vital part of his strategy. They didn't scale their bets to their bankroll, but rather were overbetting and using borrowed money to do it. By October 2008 the four quants the book follows were wiped out.

In the end, the author, Scott Patterson, travels to California to interview Thorp and ask what he thinks of his followers. He's angry at them. "Any good investment sufficiently leveraged can lead to ruin," he says.

Right. Exactly. Sounds like a good book, but I doubt I'll read it. Tales of avarice and hubris, the pride that goeth before a fall, don't really interest me.

Quants, math models, computers, the apocalypse, good grief. They should've studied Musashi. That old samurai could've told them a thing or two about not paying attention the little things in life.

watchtower said...

Gawains said:

"That old samurai could've told them a thing or two about not paying attention the little things in life."

Yes, it's the "little foxes that spoil the vine".

My mind finally started to grasp that concept here recently, and now I'm starting to see it everywhere.

GawainsGhost said...

Did Tim Geithner break the law? The lawyer representing Murray in the case against him certainly thinks so.

Nefarious goings ons.

Anonymous said...

Just checking in from time to time. Made it to the next step in my career to the top. Hope your willing to deal with a little loss of power to survive the next big crash. Don't worry it's all over in just a short time.... or not.

2nd LT G

PS: Let me know how you like your shipment of silver that can be broken into quarters. I might get some if your happy with the product.

Anonymous said...

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