Robert Karl Stonjek
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Friday, February 17, 2012
A mile in their shoes: understanding empathy
Robert Karl Stonjek
Study posits a theory of moral behavior
To understand the illicit behavior of some, we need to study the moral dimension of the self and what makes some individuals more dishonest than others.
Thursday, February 16, 2012
How To Track Your Company’s Progress
Looking for Venture Funding? Math is Your Friend
These few metrics will give you some added insight into just how much progress your company is making.
Entrepreneurs routinely ask me what my one or two go-to financial metrics are, beyond the standard revenue, gross margin, net income and cash ratios. I usually demur, saying that business models wildly vary and an effective analytical tool in one sector might not be much use in another. A product company or one that sells perpetual licenses might not be too concerned with its customer churn rate, but a services company might be right to obsess over it.In truth, I am sympathetic to the interest in innovative metrics. I love baseball and the data deluge associated with what, at first glance, is a simple game. But after decades of building companies, the addiction to detail was replaced by a ravenous hunger to identify the two or three unique levers of control in a business.
As a result, I do have a couple of favorite metrics that I keep an eye on beyond the standards. They by no means capture every angle of a business, and they are fallible, but I find them universally useful in evaluating and comparing companies and their progress. I’ve also highlighted two problem areas that always seem to create confusion.
My favorite metrics:
Revenue per Employee
In most technology companies, gross margins are relatively high and salaries are the biggest single cost. Cost per employee for technology companies in the U.S. is surprisingly consistent at just above $100K. So revenue per employee gives you a very efficient way of comparing overall efficiency of and between businesses.
Revenue per dollar of sales & marketing spend
I like to see how much revenue generated by each dollar inserted into the company’s sales and marketing machine.
More particularly, I track the change in this metric quarter-over-quarter, because that shows the rate at which sales and marketing is becoming more efficient (hopefully). Like a golf handicap, rates will differ a lot between, but you still want to beat the course by always getting more efficient.
Top 5 Educated Countries In The World
24/7 Wall Street highlights…
5. New Zealand
> Pct. population with postsecondary education: 40%
> Avg. annual growth rate (1999 – 2009): 3.5% (14th lowest)
> GDP per capita: $29,871 (14th lowest)
> Pop. change (2000 – 2009): 11.88% (8th largest)
New Zealand is not a particularly wealthy country. GDP per capita is less than $30,000, and is the 14th lowest in the OECD. However, 40% of the population engages in tertiary education, the fifth-highest rate in the world. The country actually has a rapidly growing population, increasing 11.88% between 2000 and 2009. This was the eighth-largest increase in the OECD. Part of the reason for the high rate of tertiary graduates is the high output from secondary schools. More than 90% of residents graduate from secondary school.
4. United States
> Pct. population with postsecondary education: 41%
> Avg. annual growth rate (1999 – 2009): 1.4% (the lowest)
> GDP per capita: $46,588 (4th highest)
> Pop. change (2000 – 2009): 8.68% (12th highest)
The U.S. experienced a fairly large growth in population from 2000 to 2009. During the period, the population increased 8.68% — the 12th highest among OECD countries. Meanwhile, the rate at which the share of the population with a tertiary education is growing has slowed to an annual rate of 1.4% — the lowest among the 34 OECD countries. Just 71% of funding for educational institutions in the country comes from public funds, placing the U.S. sixth-lowest in this measure. Among OECD countries, the largest share of adults with a tertiary education live in the United States — 25.8%.
3. Japan
> Pct. population with postsecondary education: 44%
> Avg. annual growth rate (1999 – 2009): 3.2% (10th lowest)
> GDP per capita: $33,751 (17th lowest)
> Pop. change (2000 – 2009): 0.46% (6th lowest)
In Japan, 44% of the adult population has some form of tertiary education. The U.S. by comparison has a rate of 41%. Japan’s population increased just 0.46% between 2000 and 2009, the sixth-slowest growth rate in the OECD, and the slowest among our list of 10. Japan is tied with Finland for the third-highest upper-secondary graduation rate in the world, at 95%. It has the third-highest tertiary graduation rate in the world, but only spends the equivalent of 1.5% of GDP on tertiary education — the 17th lowest rate in the OECD.
2. Israel
> Pct. population with postsecondary education: 45%
> Avg. annual growth rate (1999 – 2009): N/A
> GDP per capita: $28,596 (12th lowest)
> Pop. change (2000 – 2009): 19.02% (the highest)
Although there is no data on the percentage of Israeli citizens with postsecondary education dating back to 1999, the numbers going back to 2002 show that growth is slowing dramatically compared to other countries. In fact, in 2006, 46% of adults ages 25 to 64 had a tertiary education. In 2007 this number fell to 44%. Only 78% of funds spent on educational institutions in Israel are public funds. The country is also only one of three — the other two being Ireland and Sweden — where expenditure on educational institutions as a proportion of GDP decreased from 2000 to 2008. Israel also had the largest increase in overall population, approximately 19% from 2000 to 2009.
1. Canada
> Pct. population with postsecondary education: 50%
> Avg. annual growth rate (1999 – 2009): 2.3% (5th lowest)
> GDP per capita: $39,070 (10th highest)
> Pop. change (2000 – 2009): 9.89% (10th highest)
In Canada, 50% of the adult population has completed tertiary education, easily the highest rate in the OECD. Each year, public and private expenditure on education amount to 2.5% of GDP, the fourth-highest rate in the world. Tertiary education spending accounts for 41% of total education spending in the country. In the U.S., the proportion is closer to 37%. In Israel, the rate is 22%. In Canada, nearly 25% of students have an immigrant background.
Get more information at 24/7 Wall Street!
Man Hasn't Eaten...For 70 Years ,Prahlad Jani (also known as "Mataji")
Prahlad Jani (also known as "Mataji") was an Indian breatharian monk who became famous for his extraordinary claim that he had not eaten food or drunk water since 1940. He passed away in May 2020 at the supposed age of 90.
His case remains one of the most famous examples of Inedia (the alleged ability to live without food) in modern history. Here is a breakdown of his claims, the scientific investigations, and the skepticism surrounding them.
1. The Claim
Jani claimed that at the age of 11, the Hindu goddess Amba blessed him. He stated that he received sustenance through a hole in his palate, from which a "nectar" or "elixir" flowed, eliminating his need for food, water, or the toilet.
2. The Investigations
Because his claims defied the laws of biology and thermodynamics, he was subjected to two major observational studies in India.
2003 Investigation: Conducted at Sterling Hospital in Ahmedabad by Dr. Sudhir Shah (a neurologist) and a medical team. Jani was observed for 10 days. The doctors reported that he did not consume anything and did not pass urine or stool, though urine appeared to form in his bladder and was then reabsorbed by the body wall.
2010 Investigation: A more rigorous study conducted by the Defence Institute of Physiology and Allied Sciences (DIPAS), a wing of India's DRDO. Jani was observed for 15 days under CCTV surveillance.
The Result: The doctors reported that Jani did not eat, drink, or use the toilet during the two-week period. They found him to be in better health than most people half his age.
The Hypothesis: The researchers speculated he might have an extreme form of adaptation to starvation, which they hoped could help soldiers survive in desert conditions or astronauts in space.
3. The Skepticism and Scientific Consensus
Despite the "successful" observation periods, the broader global scientific community does not accept Jani's claim of fasting for 70 years. Here is why:
Biological Impossibility: While humans can survive weeks without food, survival without water is usually limited to a few days (roughly 3–7 days, rarely up to 10-14 in extreme inactivity). 70 years is biologically impossible due to the laws of thermodynamics; the body consumes energy (calories) even at rest to keep the heart beating and cells functioning.
Flaws in the Studies: Skeptics, particularly the Indian Rationalist Association (led by Sanal Edamaruku), pointed out critical flaws in the 2010 study:
Blind Spots: Jani was allowed to move out of the CCTV camera's range to meet devotees.
Bathing/Gargling: He was allowed to bathe and gargle water. Skeptics argue he could have easily ingested water during these times.
No Peer Review: The results of the studies were never published in a reputable, peer-reviewed scientific journal. They remain confidential or shared only via press releases, which prevents independent scientists from analyzing the raw data.
"Closed Loop" Researchers: Critics noted that the same doctor (Dr. Sudhir Shah) was involved in studying other "breatharians" (like Hira Ratan Manek) and is a vocal believer in Jainist fasting philosophies, raising concerns about confirmation bias.
4. The Verdict
Prahlad Jani's case remains unproven by rigorous scientific standards.
While he may have demonstrated an impressive ability to suppress bodily functions or survive on minimal intake for short periods (10–15 days), there is no credible evidence to support the claim that he lived for 70 years without sustenance. Most independent experts believe he likely ate and drank surreptitiously during the unobserved moments of his life.
Doing Biotech in My Bedroom
- BY ANTONIO REGALADO
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