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Entries from September 2007

Speech by Bill Gates on Harvard Commencement

September 30th, 2007

Tags: Life Skills · People Profile

some speeches are really worth it… like this one…

June 7, 2007

President Bok, former President Rudenstine, incoming President Faust, members of the Harvard Corporation and the Board of Overseers, members of the faculty, parents, and especially, the graduates:

I’ve been waiting more than 30 years to say this: “Dad, I always told you I’d come back and get my degree.”

I want to thank Harvard for this timely honor. I’ll be changing my job next year … and it will be nice to finally have a college degree on my resume.

I applaud the graduates today for taking a much more direct route to your degrees. For my part, I’m just happy that the Crimson has called me “Harvard’s most successful dropout.” I guess that makes me valedictorian of my own special class … I did the best of everyone who failed.

But I also want to be recognized as the guy who got Steve Ballmer to drop out of business school. I’m a bad influence. That’s why I was invited to speak at your graduation. If I had spoken at your orientation, fewer of you might be here today.

Harvard was just a phenomenal experience for me. Academic life was fascinating. I used to sit in on lots of classes I hadn’t even signed up for. And dorm life was terrific. I lived up at Radcliffe, in Currier House. There were always lots of people in my dorm room late at night discussing things, because everyone knew I didn’t worry about getting up in the morning. That’s how I came to be the leader of the anti-social group. We clung to each other as a way of validating our rejection of all those social people.

Radcliffe was a great place to live. There were more women up there, and most of the guys were science-math types. That combination offered me the best odds, if you know what I mean. This is where I learned the sad lesson that improving your odds doesn’t guarantee success.

One of my biggest memories of Harvard came in January 1975, when I made a call from Currier House to a company in Albuquerque that had begun making the world’s first personal computers. I offered to sell them software.

I worried that they would realize I was just a student in a dorm and hang up on me. Instead they said: “We’re not quite ready, come see us in a month,” which was a good thing, because we hadn’t written the software yet. From that moment, I worked day and night on this little extra credit project that marked the end of my college education and the beginning of a remarkable journey with Microsoft.

What I remember above all about Harvard was being in the midst of so much energy and intelligence. It could be exhilarating, intimidating, sometimes even discouraging, but always challenging. It was an amazing privilege – and though I left early, I was transformed by my years at Harvard, the friendships I made, and the ideas I worked on.

But taking a serious look back … I do have one big regret.

I left Harvard with no real awareness of the awful inequities in the world — the appalling disparities of health, and wealth, and opportunity that condemn millions of people to lives of despair.

I learned a lot here at Harvard about new ideas in economics and politics. I got great exposure to the advances being made in the sciences.

But humanity’s greatest advances are not in its discoveries – but in how those discoveries are applied to reduce inequity. Whether through democracy, strong public education, quality health care, or broad economic opportunity – reducing inequity is the highest human achievement.

I left campus knowing little about the millions of young people cheated out of educational opportunities here in this country. And I knew nothing about the millions of people living in unspeakable poverty and disease in developing countries.

It took me decades to find out.

You graduates came to Harvard at a different time. You know more about the world’s inequities than the classes that came before. In your years here, I hope you’ve had a chance to think about how – in this age of accelerating technology – we can finally take on these inequities, and we can solve them.

Imagine, just for the sake of discussion, that you had a few hours a week and a few dollars a month to donate to a cause – and you wanted to spend that time and money where it would have the greatest impact in saving and improving lives. Where would you spend it?

For Melinda and for me, the challenge is the same: how can we do the most good for the greatest number with the resources we have.

During our discussions on this question, Melinda and I read an article about the millions of children who were dying every year in poor countries from diseases that we had long ago made harmless in this country. Measles, malaria, pneumonia, hepatitis B, yellow fever. One disease I had never even heard of, rotavirus, was killing half a million kids each year – none of them in the United States.

We were shocked. We had just assumed that if millions of children were dying and they could be saved, the world would make it a priority to discover and deliver the medicines to save them. But it did not. For under a dollar, there were interventions that could save lives that just weren’t being delivered.

If you believe that every life has equal value, it’s revolting to learn that some lives are seen as worth saving and others are not. We said to ourselves: “This can’t be true. But if it is true, it deserves to be the priority of our giving.”

So we began our work in the same way anyone here would begin it. We asked: “How could the world let these children die?”

The answer is simple, and harsh. The market did not reward saving the lives of these children, and governments did not subsidize it. So the children died because their mothers and their fathers had no power in the market and no voice in the system.

But you and I have both.

We can make market forces work better for the poor if we can develop a more creative capitalism – if we can stretch the reach of market forces so that more people can make a profit, or at least make a living, serving people who are suffering from the worst inequities. We also can press governments around the world to spend taxpayer money in ways that better reflect the values of the people who pay the taxes.

If we can find approaches that meet the needs of the poor in ways that generate profits for business and votes for politicians, we will have found a sustainable way to reduce inequity in the world.

This task is open-ended. It can never be finished. But a conscious effort to answer this challenge will change the world.

I am optimistic that we can do this, but I talk to skeptics who claim there is no hope. They say: “Inequity has been with us since the beginning, and will be with us till the end – because people just … don’t … care.”

I completely disagree.

I believe we have more caring than we know what to do with.

All of us here in this Yard, at one time or another, have seen human tragedies that broke our hearts, and yet we did nothing — not because we didn’t care, but because we didn’t know what to do. If we had known how to help, we would have acted.

The barrier to change is not too little caring; it is too much complexity.

To turn caring into action, we need to see a problem, see a solution, and see the impact. But complexity blocks all three steps.

Even with the advent of the Internet and 24-hour news, it is still a complex enterprise to get people to truly see the problems. When an airplane crashes, officials immediately call a press conference. They promise to investigate, determine the cause, and prevent similar crashes in the future.

But if the officials were brutally honest, they would say: “Of all the people in the world who died today from preventable causes, one half of one percent of them were on this plane. We’re determined to do everything possible to solve the problem that took the lives of the one half of one percent.”

The bigger problem is not the plane crash, but the millions of preventable deaths.

We don’t read much about these deaths. The media covers what’s new – and millions of people dying is nothing new. So it stays in the background, where it’s easier to ignore. But even when we do see it or read about it, it’s difficult to keep our eyes on the problem. It’s hard to look at suffering if the situation is so complex that we don’t know how to help. And so we look away.

If we can really see a problem, which is the first step, we come to the second step: cutting through the complexity to find a solution.

Finding solutions is essential if we want to make the most of our caring. If we have clear and proven answers anytime an organization or individual asks “How can I help?,” then we can get action – and we can make sure that none of the caring in the world is wasted. But complexity makes it hard to mark a path of action for everyone who cares — and that makes it hard for their caring to matter.

Cutting through complexity to find a solution runs through four predictable stages: determine a goal, find the highest-leverage approach, discover the ideal technology for that approach, and in the meantime, make the smartest application of the technology that you already have — whether it’s something sophisticated, like a drug, or something simpler, like a bednet.

The AIDS epidemic offers an example. The broad goal, of course, is to end the disease. The highest-leverage approach is prevention. The ideal technology would be a vaccine that gives lifetime immunity with a single dose. So governments, drug companies, and foundations fund vaccine research. But their work is likely to take more than a decade, so in the meantime, we have to work with what we have in hand – and the best prevention approach we have now is getting people to avoid risky behavior.

Pursuing that goal starts the four-step cycle again. This is the pattern. The crucial thing is to never stop thinking and working – and never do what we did with malaria and tuberculosis in the 20th century – which is to surrender to complexity and quit.

The final step – after seeing the problem and finding an approach – is to measure the impact of your work and share your successes and failures so that others learn from your efforts.

You have to have the statistics, of course. You have to be able to show that a program is vaccinating millions more children. You have to be able to show a decline in the number of children dying from these diseases. This is essential not just to improve the program, but also to help draw more investment from business and government.

But if you want to inspire people to participate, you have to show more than numbers; you have to convey the human impact of the work – so people can feel what saving a life means to the families affected.

I remember going to Davos some years back and sitting on a global health panel that was discussing ways to save millions of lives. Millions! Think of the thrill of saving just one person’s life – then multiply that by millions. … Yet this was the most boring panel I’ve ever been on – ever. So boring even I couldn’t bear it.

What made that experience especially striking was that I had just come from an event where we were introducing version 13 of some piece of software, and we had people jumping and shouting with excitement. I love getting people excited about software – but why can’t we generate even more excitement for saving lives?

You can’t get people excited unless you can help them see and feel the impact. And how you do that – is a complex question.

Still, I’m optimistic. Yes, inequity has been with us forever, but the new tools we have to cut through complexity have not been with us forever. They are new – they can help us make the most of our caring – and that’s why the future can be different from the past.

The defining and ongoing innovations of this age – biotechnology, the computer, the Internet – give us a chance we’ve never had before to end extreme poverty and end death from preventable disease.

Sixty years ago, George Marshall came to this commencement and announced a plan to assist the nations of post-war Europe. He said: “I think one difficulty is that the problem is one of such enormous complexity that the very mass of facts presented to the public by press and radio make it exceedingly difficult for the man in the street to reach a clear appraisement of the situation. It is virtually impossible at this distance to grasp at all the real significance of the situation.”

Thirty years after Marshall made his address, as my class graduated without me, technology was emerging that would make the world smaller, more open, more visible, less distant.

The emergence of low-cost personal computers gave rise to a powerful network that has transformed opportunities for learning and communicating.

The magical thing about this network is not just that it collapses distance and makes everyone your neighbor. It also dramatically increases the number of brilliant minds we can have working together on the same problem – and that scales up the rate of innovation to a staggering degree.

At the same time, for every person in the world who has access to this technology, five people don’t. That means many creative minds are left out of this discussion — smart people with practical intelligence and relevant experience who don’t have the technology to hone their talents or contribute their ideas to the world.

We need as many people as possible to have access to this technology, because these advances are triggering a revolution in what human beings can do for one another. They are making it possible not just for national governments, but for universities, corporations, smaller organizations, and even individuals to see problems, see approaches, and measure the impact of their efforts to address the hunger, poverty, and desperation George Marshall spoke of 60 years ago.

Members of the Harvard Family: Here in the Yard is one of the great collections of intellectual talent in the world.

What for?

There is no question that the faculty, the alumni, the students, and the benefactors of Harvard have used their power to improve the lives of people here and around the world. But can we do more? Can Harvard dedicate its intellect to improving the lives of people who will never even hear its name?

Let me make a request of the deans and the professors – the intellectual leaders here at Harvard: As you hire new faculty, award tenure, review curriculum, and determine degree requirements, please ask yourselves:

Should our best minds be dedicated to solving our biggest problems?

Should Harvard encourage its faculty to take on the world’s worst inequities? Should Harvard students learn about the depth of global poverty … the prevalence of world hunger … the scarcity of clean water …the girls kept out of school … the children who die from diseases we can cure?

Should the world’s most privileged people learn about the lives of the world’s least privileged?

These are not rhetorical questions – you will answer with your policies.

My mother, who was filled with pride the day I was admitted here – never stopped pressing me to do more for others. A few days before my wedding, she hosted a bridal event, at which she read aloud a letter about marriage that she had written to Melinda. My mother was very ill with cancer at the time, but she saw one more opportunity to deliver her message, and at the close of the letter she said: “From those to whom much is given, much is expected.”

When you consider what those of us here in this Yard have been given – in talent, privilege, and opportunity – there is almost no limit to what the world has a right to expect from us.

In line with the promise of this age, I want to exhort each of the graduates here to take on an issue – a complex problem, a deep inequity, and become a specialist on it. If you make it the focus of your career, that would be phenomenal. But you don’t have to do that to make an impact. For a few hours every week, you can use the growing power of the Internet to get informed, find others with the same interests, see the barriers, and find ways to cut through them.

Don’t let complexity stop you. Be activists. Take on the big inequities. It will be one of the great experiences of your lives.

You graduates are coming of age in an amazing time. As you leave Harvard, you have technology that members of my class never had. You have awareness of global inequity, which we did not have. And with that awareness, you likely also have an informed conscience that will torment you if you abandon these people whose lives you could change with very little effort.

You have more than we had; you must start sooner, and carry on longer.

Knowing what you know, how could you not?

And I hope you will come back here to Harvard 30 years from now and reflect on what you have done with your talent and your energy. I hope you will judge yourselves not on your professional accomplishments alone, but also on how well you have addressed the world’s deepest inequities … on how well you treated people a world away who have nothing in common with you but their humanity.

Good luck

Identity and Violence by Amartya Sen

September 29th, 2007

Tags: Book Reviews · Culture and Society · Religion and Philosophy

Book Title: Identity and Violence – The Illusion of Destiny
Author: Amartya Sen
About the Author: 1998 Economics Nobel Laureate
Year written/published: 2006
Book Source: Library, Amazon
My Comments: Great insight!
Contents page:

  1.  The Violence of Illusion
  2. Making Sense of Identity
  3. Civilisational Confinement
  4. Religious Affiliations and Muslim History
  5. West and Anti-West
  6. Culture and Captivity
  7. Globalisation and Voice
  8. Multiculturism and Freedom
  9. Freedom to Think

Some extracts:

How similar are we all…

Oscar Wilde made the enigmatic claim, “Most people are other people”… … defended his view with considerable cogency: “Their thoughts are someone else’s opinions, their lives a mimicry, their passions a quotation.” We are indeed influenced to an amazing extent by people with whom we identify. Actively promoted sectarian hatreds can spread like wildfire… … … With suitable instigation, a fostered sense of identity with one group of people can be made into powerful weapon to brutalise another.

Religions…

Increasing reliance of religion-based classification of the people opf the world also tends to made the Western response to global terrorism and conflict peculiarly ham-handed. Respect for “other people” is shown by praising their religious books, rather than by taking note of the many-sided involvements and achievements, in nonreligious as well as religious fields, of different people in a globally interactive world.

Conflicts…

The conflict between the priorities and demands of different identities can be significant both for contrasting and more non-contrasting categories. It is not so much that a person has to deny one identity to give priority to another, but rather that a person with plural identities has to decide, in case of conflict, on a relative importance of the different identities for the particular decision in question. Reasoning and scrutiny can thus play a major role both in the specification of identities and in thinking through the relative strengths of their respective claims.

Global roots of democracy

Similarly, democracy is often seen as a quintessentially Western idea which is alien to the non-western world. That civilisational simplification has received some encouragement by the US led coalition in establishing a democratic system of government in Iraq.

Schools, reasoning and faith

Rather than reducing existing state0financed faith based schools, actually adding other to them – Muslims schools, Hindu schools, the Sikh schools to pre-existing Christian ones 0 can have the effect of reducing the role of reasoning which the children may have the opportunity to cultivate and use. And this is happening at a time when there is a great need for broadening the horizon of understanding of other people and other groups, and when the ability to undertake reason decision making is of particular importance.

Buffettology by Mary Buffet & David Clark

September 28th, 2007

Tags: Book Reviews · Business & Finance

Book Title: Buffettology – The previously unexplained techniques that have made Warren Buffett the World’s most Famous Investor
Authors: Mary Buffet & David Clark
Year written/published: 1997
Book Source: Library, Amazon
Summary: Investing strategies of Warren Buffet explained by his former daughter-in-law, Mary Buffet.
My Comments: Another excellent book from Mary buffet and David Clark, a companion of the workbook edition.
Some extracts:

Warren’s secret for success investing from a business perspective…

  1. Warren will invest long-term only in companies whose future earnings he can reasonably predict
  2. Warren has found that the kind of company who se earnings he can reasonably predict generally has excellent business economics working in its favour.
  3. These excellent business economics are usually made evident by consistently high returns on shareholder’s equity, strong earnings, the presence of what warren calls a consumer monopoly, and management that functions with the shareholders’ economic interests in mind.
  4. The price you pay for a security will determine the return you can expect on you investment.
  5. Warren, unlike other investment professionals, chooses the kind of business he would like to be in and then let the price of the security and thus his expected rate of return, determine the buy decision.
  6. Warren has figured out that investing at the right prices in certain businesses with exceptional economics working in their favour will produce over the long term an annual compounding rate of return of 15% or better.

Warren Buffet’s investment philosophy from…

  1. Benjamin Graham
  2. Philip Fisher
  3. Lawrence N. Bloomberg
  4. John Burr Williams
  5. Lord John Maynard Keynes
  6. Edgar Smith
  7. Charlie Munger

How and why politics and businesses mix…

As corporations became more and more powerful, they started to usurp the power of the kingdoms. Thus, kings soon realised that it was in their best interest to limit the power of organised capital; they created laws that forbade the organisation of joint stock companies without the approval of the crown. Early examples of crown-approved joint-stock companies are the East India Company and the Hudson’s Bay Company, both with colourful and fascinating histories.

Inflation…

When the government spends more money, business benefits – lots of big government contracts and lots of people making more money. The merchant who was pricing the eggs at $1 for a dozen one day notices that people suddenly have more money to spend and are much more willing to pay higher prices for his eggs…. … …  The problem is that all prices rise to reflect the increase in the abundance of cash.

Effects of taxation and inflation of the rate of return..

Warren has often stated that real-world inflation and taxation greatly alter the investor’s return. He argues that if we live in a world of 5% inflation, our assets decrease in real purchasing power by 5% every year. For this very reason we invest our money. If we didn’t., our wealth, held in cash soon would lose its purchasing power…. … taxation adds another perspective to the situation. If we manage to obtain a 5%n return on our money, income taxes can take 31% of that 5%, which means that we will be left with a real return of 3.45%.

Focus portfolio…

Warren has adopted the concentrated –portfolio approach, which means that h holds a small number of investments he really understands and intends holding for a long period of time. This allows the question of whether to allocate capital to an investment to be approached with the utmost approach. Warren believes that it is the seriousness with which he addresses the questions of what to invest in and at what price that decreases the risk. It is his commitment to the strategy of investing only in exceptional businesses at prices that make business sense that reduces his chance for loss.

Map of Plate Tectonics

September 27th, 2007

Tags: Science · Time and Place

with the recent series of earthquakes, i decided to refresh my memory about the plate tectonics and the boundaries of these plates on the surface of the earth…

plate tectonics Map of Plate Tectonics

picture credit

and some links about what a plate tectonic is all about…

Earth’s crust is constantly being reshaped from the time of Pangea… and here’s an interesting animation showing it and of course google earth animation can too!!

Unsolved Maths problems

September 26th, 2007

Tags: Science

I thought this list in Wiki is rather interesting… it has the list of unsolved problems in mathematics and some problems include…

some of these are really easy to understand especially the ones under number theory, but nobody has been able to prove them!

G8 Countries

September 25th, 2007

Tags: Business & Finance · Culture and Society

the G8 countries include…

  1. Canada
  2. France
  3. Germany
  4. Italy
  5. Japan
  6. Russia
  7. United Kingdom
  8. United States

Nick Vujicic – an inspiration

September 24th, 2007

Tags: People Profile

inspirations are all around us… like that of Nick, a jolly good fellow who lives life to the fullest despite having no arms and legs…

A tribute to him! truly an inspiration! A video depicting that….

Open Office

September 23rd, 2007

Tags: Current Technology

I was trying out the Open Office softwares. It basically consists of…

  1. Writer is basically a word processor like MS Word
  2. Impress can be used for multimedia presentations like MS Powerpoint
  3. Calc is Spreadsheet programn like MS Excel
  4. Draw is a graphics manipulation program
  5. Base is for manipulating databases

A future substitute for MS office in the future??

How to Get Rich by Donald Trump

September 22nd, 2007

Tags: Book Reviews · Business & Finance · Life Skills

Book Title: How to get Rich – The Secrets of Business Success from the star of the Apprentice
Author: Donald J. Trump
Year written/published: 2004
Book Source: Amazon, Library
My Comments: Donald Trump is becoming one of my fav authors… his bang bang bang words, the fast pace of this written words and the energy can be felt right through even when you are reading his book in the quietness of your bedroom. In short… read his books. PERIOD.
Contents page:

  1. Donald J. Trump School of Business and Management
  2. Your Personal Apprenticeship
  3. Money, money, money, money
  4. Secrets of Negotiation
  5. Trump Lifestyle
  6. Inside the Apprentice

Some extracts:

His lowest point when he had a debt of 9.2 billion!

I’ll never forget the worst moment. It was 3am Citibank phoned me at my home in Trump Tower. They wanted me to come over to their office immediately to negotiate new terms with some of the foreign banks – 3 out of 99 banks to whom I owed billions. … … An ally at Citibank suggested that the best way for me to handle this difficult situation was to call the banks myself, and that’s exactly what they wanted me to do, at 3am on a cold January morning in the freezing rain. There were no cabs, so I walked in the freezing rain. By the time I got there, I was drenched. … That was the low point. There were 30 bankers sitting around a big table.

Maintaining your momentum….

No matter how accomplished you are, no matter how well you think you know your business, you have to remain vigilant about the details of your field. You can’t get by on experience or smarts. … … no matter what you’re managing, don’t assume you can glide by. Momentum is something you have to work at to maintain.

Ask yourself 2 questions…

  1. Is there anyone else who can do this better than I can?
  2. What am I pretending not to see?

Learning each day….

Everyday is a reminder to me of how much I don’t know. Everything I learn leads me to something else I didn’t know. Fortunately, I don’t pride myself on being a know-it-all, so everyday becomes a new challenge. People ask me what keeps me going, and this is probably the closest answer to the truth. I I end the day without knowing more than I did when I woke up, it makes me wonder what did I miss out on today? Am I getting lazy? I am a disciplined person, and this thought alone can get me going.

Cover these 11 bases… the art of public speaking…

  • Be a good story teller
  • Think about the common denominator
  • When you are on the podium, you are the entertainer
  • Study Regis Philbin
  • Be able to poke fun at yourself
  • Learn to think on your feet
  • Listen in you daily life
  • Have a good time

And more…

  1. Think about your audiences
  2. Get your audiences involved
  3. Be prepared
  4. be a good storyteller
  5. be aware of the common denominator
  6. be an entertainer
  7. be able to laugh at yourself
  8. think on your feet
  9. listen
  10. have a good time
  11. study Regis Philbin

Reflect for 3 hours a day…

It made me realize how much I need a certain amount of quiet time – usually about 3 hours a day – in order to stay balanced. It’s the time I use to read and reflect, and I always feel renewed and refreshed by this. It also gives me a material to feed my extroverted nature. … … once I’m home, I read books – usually biographies. Now and then I like to read philosophies – particularly Socrates, who emphasizes that you should follow the convictions of your conscience, which basically means thinking for yourself, a philosophy I tend to agree with.

4 qualities I’m looking for in an apprentice…

  1. An outstanding personality
  2. Brains
  3. Creativity
  4. Loyalty and trust

The winners…

Stay with the winners. Often, you will read about somebody who has made money quickly and then relies on one of his friends to invest his fortune. … …  Beware of instant stars in the world of finance. Trust people who do it again and again, who are consistently ranked high by the 4 best institutional business media outlets. But trust your own common sense first.

Know exactly what you want and keep it to yourself…

If you’re careful about what you reveal, you’ll have more flexibility as you gather more information about the contours of the deal. … know what you want, bottom line, but keep it to yourself until a strategically necessary moment. Once all of the issues are on the table, you’ll have a better approach to navigating your way to your desired solution.

Sometimes you have to hold a grudge… Trump is really such a blunt and frank guy…

I did the only thing that felt right for me. I began screaming, “you son of a bitch! For years I’ve helped you and never asked for a thing… … … You can go to hell.” My screaming was so loud that 2 or 3 people came in from the adjoining offices and asked who I was screaming at. I told them it was Mario Cuomo, a total stiff, a lousy governor, and a disloyal former friend. Now whenever I see Mario at dinner, I refuse to acknowledge him, talk to him, or even look at him. I will say this however. Mario’s wife is a fine woman and was a terrific friend to my mother. It’s not her fault that her husband is a loser.

Meetings…

Our meetings are relatively brief… They are rarely more than 2 hours. My team knows the value of time and exactly how not to waste it. People often comment on the brevity of my meetings, but if everyone knows what they are doing, they don’t need to belong or long-winded. Fortunately, I have experienced people on my teams, and they know how I operate, so they get to the point and quickly.

Busy weekend…

Last year I took a transatlantic weekend business trip that included breakfast in London with Mohamed Al Fayed and dinner in Slovenia with Melania’s parents before flying back to New York. We were back in time for me to be in the office by 9am Monday.

how to read more books

September 21st, 2007

Tags: Life Skills · Music and Arts

i found this article basically summarises how to read 70+ books in a year. I found it really true especially step 2 and step 4 where i basically read only when i’m travelling for the 2+ hours each day. Here are the steps…

  1. Learn to Speed Read
  2. Always Have a Book
  3. One Book at a Time
  4. Fill Gap Time With Reading
  5. Cut the Television and Web-Surfing
  6. Keep a To-Read List