Updates from September, 2010 Toggle Comment Threads | Keyboard Shortcuts

  • Leon Apel 8:03 am on September 26, 2010 Permalink | Reply  

    CANADA and USA: Get Cheap Like China 

    I think the Chinese obsession towards low cost should be the new model in the Western world, especially when it comes to the government.

    The governments of countries like the United States and Canada need to IMMEDIATELY and URGENTLY focus on the following:

    • stop spending excessively and lavishly;
    • provide transparency on every penny spent (Canada: learn from America – http://www.recovery.gov/Pages/home.aspx);
    • provide timely access to data before decisions to spend are voted upon and
    • It should be a criminal offense to spend funds without checks and balances

    If not, I will continue to be skeptical about the government and I will continue to warn investors on the risks of investing in nations with inefficient or incapable governments.   In the end, the invisible hand will punish excess if selected politicians aren’t ethical enough to solve this issue themselves.

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  • Leon Apel 5:28 am on September 26, 2010 Permalink | Reply  

    Logical Society Theory 

    The “Logical Society Theory” is a theory I’ve created to generalize two classes of people:

    1. People who aim to maximize their logical decisions

    2. People who do NOT aim to maximize their logical decisions

    It’s binary. Further, the following factors apply:

    1. Conscious vs Unconscious logic

    2. Self-deception or denial

    3. Excuses and/or justifications

    Humans who act logically are seeking to maximize their utility–in economics, a measure of relative satisfaction.

    Further, I believe the vast majority of society does not see the importance of maximizing their logical decision-making to maximize satisfaction.?This is why some people seek immediate pleasure and don’t consider the long-term affect of their decisions.

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