Wondering about opportunity valuation. Horns are beeping.
I have high risk tolerance. How do you know when to make a change?
Sent from my iPhone
Friday, October 26, 2007
Bio of Jim Clark
2) The New New Thing by (someone) Lewis. The biography of Jim Clark and his attempt to start THREE billion dollar companies. The first was Netscape, which changed forever the business paradigm and started the silicon valley/internet boom.
Usually, companies are valued according to the present value of what their expected to bring in in the future. Clark changed the paradigm so that founders and their companies could make money, i.e. billions!, soley because of the IDEA that COULD bring in millions. He decided not to go to venture capitalists,i-bankers, or managers first. Rather, they came to him and his fellow engineers just hoping they could invest in his ideas. He never gave them more then 50%, the percentage needed to control a company. Very few if any businessmen made a boatload on these three most successful internet venutres in history.
As you know, people are not currently investing in ideas like they did in the internet boom. Fundamentals--what a company can bring in in the future according to what it does/has now--drives the value of a co, and (more or less) stock prices. That's how stocks fell from $200 to $2 in day--from (the value of) an idea to fundamentals.
Usually, companies are valued according to the present value of what their expected to bring in in the future. Clark changed the paradigm so that founders and their companies could make money, i.e. billions!, soley because of the IDEA that COULD bring in millions. He decided not to go to venture capitalists,i-bankers, or managers first. Rather, they came to him and his fellow engineers just hoping they could invest in his ideas. He never gave them more then 50%, the percentage needed to control a company. Very few if any businessmen made a boatload on these three most successful internet venutres in history.
As you know, people are not currently investing in ideas like they did in the internet boom. Fundamentals--what a company can bring in in the future according to what it does/has now--drives the value of a co, and (more or less) stock prices. That's how stocks fell from $200 to $2 in day--from (the value of) an idea to fundamentals.
The Situationists
1) The Situationists movement arose out of the student rebellions of Paris in 1968. The students were revolting against the French beauracracy and capitalist regimes of the day ( I believe). "How do we change the way people think? How do we get them to see what's happening and want to change it with us? "the students asked.
The decided to create "situations"--much like the 'happenings' you were thinking of, I think--to show and tell their messages. Their school of thought was led by Guy DeBoard and (secondly) Roul Vaneigm. Both of their major text can be found for free at nothingness.org. The did the things I mentioned--real life "plays" and protests involving priceless works of art--and also had many details mapped out about the way things should be. Very time consuming and not-so-palatable for a wide audience (one of the reasons it didn't catch on). Adbusters has made a spin off of situationists' ideas. If you've seen their magazine, they use well-known ads, but change them to get their message across. People don't listen bc it's too far left.
The decided to create "situations"--much like the 'happenings' you were thinking of, I think--to show and tell their messages. Their school of thought was led by Guy DeBoard and (secondly) Roul Vaneigm. Both of their major text can be found for free at nothingness.org. The did the things I mentioned--real life "plays" and protests involving priceless works of art--and also had many details mapped out about the way things should be. Very time consuming and not-so-palatable for a wide audience (one of the reasons it didn't catch on). Adbusters has made a spin off of situationists' ideas. If you've seen their magazine, they use well-known ads, but change them to get their message across. People don't listen bc it's too far left.
theory of blogging
blogging is bshit. a cry for help. the power of the individual banging their chest. egocentric. how much do any of us have to say?
test
Albert the Bear
From Wikipedia, the free encyclopedia
(Redirected from Albert I of Brandenburg)
Albert was the only son of Otto the Rich, Count of Ballenstedt, and Eilika, daughter of Magnus Billung, Duke of Saxony. He inherited the valuable estates in northern Saxony of his father in 1123, and on his mother's death, in 1142, succeeded to one-half of the lands of the house of Billung. Albert was a loyal vassal of his relation, Lothar I, Duke of Saxony, from whom, about 1123, he received the Margraviate of Lusatia, to the east; after Lothar became King of the Germans, he accompanied him on a disastrous expedition to Bohemia in 1126, when he suffered a short imprisonment.
Albert's entanglements in Saxony stemmed from his desire to expand his inherited estates there. After the death of his brother-in-law, Henry II, margrave of a small area on the Elbe called the Saxon Northern March, in 1128, Albert, disappointed at not receiving this fief himself, attacked Udo, the heir, and was consequently deprived of Lusatia by Lothar. In spite of this, he went to Italy in 1132 in the train of the king, and his services there were rewarded in 1134 by the investiture of the Northern March, which was again without a ruler.
Once he was firmly established in the Northern March, Albert's covetous eye lay also on the thinly populated lands to the north and east. Three years he was occupied in campaigns against the Slavic Wends, who as pagans were considered fair game, and whose subjugation to Christianity was the aim of the Wendish Crusade of 1147 in which Albert took part; diplomatic measures were more successful, and by an arrangement made with the last of the Wendish princes of Brandenburg, Pribislav of the Hevelli, Albert secured this district when the prince died in 1150. Taking the title "Margrave of Brandenburg", he pressed the "crusade" against the Wends, extended the area of his mark, encouraged German migration, established bishoprics under his protection, and so became the founder of the Margraviate of Brandenburg in 1157, which his heirs — the House of Ascania — held until the line died out in 1320.
The seal of Albert the Bear.
In 1137 Conrad III, the Hohenstaufen King of the Germans, deprived Albert's cousin and nemesis, Henry the Proud of his Saxon duchy, which was awarded to Albert if he could take it. After some initial success in his efforts to take possession, Albert was driven from Saxony, and also from his Northern march by Henry, and compelled to take refuge in south Germany. When peace was made with Henry in 1142, Albert renounced the Saxon duchyand received the Counties of Weimar and Orlamünde. It was possibly at this time that Albert was made Arch-Chamberlain of the Empire, an office which afterwards gave the Margraves of Brandenburg the rights of a prince-elector.
In 1158 a feud with Henry's son, Henry the Lion, Duke of Saxony, was interrupted by a pilgrimage to the Holy Land. In 1162 Albert accompanied Emperor Frederick Barbarossa to Italy, where he distinguished himself at the storming of Milan.
In 1164 Albert joined a league of princes formed against Henry the Lion, and peace being made in 1169, Albert divided his territories among his six sons. He died on November 13, 1170, possibly in Stendal, and was buried at Ballenstedt.
[edit]Cognomen
Albert's personal qualities won for him the cognomen of the Bear, "not from his looks or qualities, for he was a tall handsome man, but from the cognisance on his shield, an able man, had a quick eye as well as a strong hand, and could pick what way was straightest among crooked things, was the shining figure and the great man of the North in his day, got much in the North and kept it, got Brandenburg for one there, a conspicuous country ever since," says Carlyle, who called Albert "a restless, much-managing, wide-warring man." He is also called by later writers "the Handsome."
From Wikipedia, the free encyclopedia
(Redirected from Albert I of Brandenburg)
Albert was the only son of Otto the Rich, Count of Ballenstedt, and Eilika, daughter of Magnus Billung, Duke of Saxony. He inherited the valuable estates in northern Saxony of his father in 1123, and on his mother's death, in 1142, succeeded to one-half of the lands of the house of Billung. Albert was a loyal vassal of his relation, Lothar I, Duke of Saxony, from whom, about 1123, he received the Margraviate of Lusatia, to the east; after Lothar became King of the Germans, he accompanied him on a disastrous expedition to Bohemia in 1126, when he suffered a short imprisonment.
Albert's entanglements in Saxony stemmed from his desire to expand his inherited estates there. After the death of his brother-in-law, Henry II, margrave of a small area on the Elbe called the Saxon Northern March, in 1128, Albert, disappointed at not receiving this fief himself, attacked Udo, the heir, and was consequently deprived of Lusatia by Lothar. In spite of this, he went to Italy in 1132 in the train of the king, and his services there were rewarded in 1134 by the investiture of the Northern March, which was again without a ruler.
Once he was firmly established in the Northern March, Albert's covetous eye lay also on the thinly populated lands to the north and east. Three years he was occupied in campaigns against the Slavic Wends, who as pagans were considered fair game, and whose subjugation to Christianity was the aim of the Wendish Crusade of 1147 in which Albert took part; diplomatic measures were more successful, and by an arrangement made with the last of the Wendish princes of Brandenburg, Pribislav of the Hevelli, Albert secured this district when the prince died in 1150. Taking the title "Margrave of Brandenburg", he pressed the "crusade" against the Wends, extended the area of his mark, encouraged German migration, established bishoprics under his protection, and so became the founder of the Margraviate of Brandenburg in 1157, which his heirs — the House of Ascania — held until the line died out in 1320.
The seal of Albert the Bear.
In 1137 Conrad III, the Hohenstaufen King of the Germans, deprived Albert's cousin and nemesis, Henry the Proud of his Saxon duchy, which was awarded to Albert if he could take it. After some initial success in his efforts to take possession, Albert was driven from Saxony, and also from his Northern march by Henry, and compelled to take refuge in south Germany. When peace was made with Henry in 1142, Albert renounced the Saxon duchyand received the Counties of Weimar and Orlamünde. It was possibly at this time that Albert was made Arch-Chamberlain of the Empire, an office which afterwards gave the Margraves of Brandenburg the rights of a prince-elector.
In 1158 a feud with Henry's son, Henry the Lion, Duke of Saxony, was interrupted by a pilgrimage to the Holy Land. In 1162 Albert accompanied Emperor Frederick Barbarossa to Italy, where he distinguished himself at the storming of Milan.
In 1164 Albert joined a league of princes formed against Henry the Lion, and peace being made in 1169, Albert divided his territories among his six sons. He died on November 13, 1170, possibly in Stendal, and was buried at Ballenstedt.
[edit]Cognomen
Albert's personal qualities won for him the cognomen of the Bear, "not from his looks or qualities, for he was a tall handsome man, but from the cognisance on his shield, an able man, had a quick eye as well as a strong hand, and could pick what way was straightest among crooked things, was the shining figure and the great man of the North in his day, got much in the North and kept it, got Brandenburg for one there, a conspicuous country ever since," says Carlyle, who called Albert "a restless, much-managing, wide-warring man." He is also called by later writers "the Handsome."
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