[(Leverage + Short Term Funding)*Opaqueness]^Hubris = Explosive Risk
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How to download Michael Masnicks The Economics Of Abundance
How to download Michael Masnick’-s The Economics Of Abundance. Scroll down this page.
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How to download Michael Masnick’-s short film, “-THE ECONOMICS OF ABUNDANCE”-:
- Install any video capture software. I recommend Video Download Helper because it is more universal, but Easy YouTube Video Download is good enough. Both software packages are extensions for FireFox. [*]
- Go to the YouTube webpage for the short film “-THE ECONOMICS OF ABUNDANCE”-.
- Video Download Helper: Select “-HQ 22″- in the scrolling list (at the right upper corner of FireFox). Save the high-quality MP4 file to your hard drive. [**]
- Easy YouTube Video Download: Right-click on “-HD”- (on the right sidebar) to open the link in another tab. Save the high-quality MP4 file to your hard drive.
- Be patient while downloading- it is a big file.
- If the 2 methods described above fail, then use a GreaseMonkey script to download the MP4 file —-no HD, alas.
- If you didn’-t manage to download the MP4 file from YouTube, you might have gotten the FLV file. (“-FLV”- is YouTube’-s native file system). To convert the FLV files into MP4 files, use MPEG StreamClip.
- DISCLAIMER: You shall be informed that downloading a video goes against YouTube’-s terms of service.
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[*] Here are some other means to download any video to your hard drive:
- If you watched a video within your browser, the file might be stored in your browser cache. Search for it.
- A list of Web-based or PC-based download software packages or services, compiled by the great folks at Mashable.
- The Torrent sites: –- OpenBitTorrent –- PublicBitTorrent
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[**] Video Download Helper:
- “-HQ 22″- = HD MP4 file
- “-HQ 18″- = MP4 file
- “-HQ 35″- = FLV file
Nota Bene: If you don’-t see “-HQ 22″- or “-HQ 18″- in the scrolling list of “-Video Download Helper”-, don’-t hesitate to reload the YouTube page- it should work the second time. If this fails, then use “-Easy YouTube Video Download”-, instead. If this fails too, use the GreaseMonkey script. If this fails too, then download the FLV file, and convert it into an MP4 file.
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– Translation: Download “-THE ECONOMICS OF ABUNDANCE”- film = Descargar “-THE ECONOMICS OF ABUNDANCE”- pelicula = Herunterladen “-THE ECONOMICS OF ABUNDANCE”- film = Telecharger film “-THE ECONOMICS OF ABUNDANCE”-
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– AVATAR
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The Whole Foods CEO on health care, veganism, and free markets
An interesting YouTube channel you should bookmark right now
http://www.youtube.com/user/PopurlsBrown
The Economics Of Abundance –- Michael Masnick
Dont let others dissuade you to create a prediction market startup.
MicroSoft’-s Steve Ballmer:
My parents thought I’-d lost my mind to drop out of Stanford Business School to go to a company that makes software. My dad said “-what the heck is software?”- and my mother said “-why the heck would a person need a computer?”-.
Googles Marissa Mayer talks at Stanford.
AWESOME.
I am watching the talks right now, and I am dowloading them thanks to Video Download Helper on FireFox. (I will later put them into MP4 thanks to MPEG StreamClip.)
When you ask for money, you get advice. And when you ask for advice, you might get money.
Max Keiser: Je suis un artiste incompris.
[…] What I think PirateMyFilm will bring to the copyright reform party is the idea that films and music can be collectively financed, i.e., crowd financed, with both the artistic creator and the art consumer participating in the revenue streams.
To me, economics, markets and finance are an artistic medium in their own right and, as such, can be modeled, molded, manufactured and modified in artistic ways reflecting self expression as easily as paint, words, clay or plastic.
All of the projects I’ve been involved with for the past 15 years: [Hollywood Stock Exchange], KarmaBanque, GulagWealthFund, PirateMyFilm and my yet-to-be-publish novel, “Buy Love, Sell Fear,” all share this common characteristic of seeing price discovery and market making as a form of self expression and artistic freedom.
Scrutinizing InTrades financial statement for 2008
Jesse Livermore (the ‘-nom de plume’- of an InTrade trader):
Now THIS is interesting.
Midas Oracle has obtained the shareholder reports for Intrade. Links here, here, and here.
I do quite a bit of investing in the stock markets and read plenty of financial statements, so I feel reasonably qualified to comment. Keep in mind that Midas Oracle does not have the full documents, so there are footnotes which might be materially relevant.
Highlights:
-Total member funds on deposit were about 7 million euros in 2006 and 2007 (for the combined Tradesports/Intrade entity), and $14 million for Intrade alone on September 30th, 2008. Reassuringly, members’- funds are properly segregated and listed as both assets and liabilities.
–Intrade currently has about $1.2 million in cash net of debt. They list only $11,692 as Fixed Tangible Assets. That’-s the category that includes computers, servers, office furniture, etc. I suspect this is low because of accounting rules. The value of tangible goods is generally amortized over a period of a few years. For example if you buy a computer, it will lose value over time, even though it does the same job it always did. The amortization rate varies, but a typical method might have computers lose 1/3rd of their purchase price each year.
–Intrade/Tradesports has lost money in all of these years. 950,000 euros in 2006, 1.4 million euros in 2007, and $800,000 in the first 9 months of 2008. This seems to have everyone in a tizzy, but I don’-t see anything to worry about. 1) The last 3 months of 2008 were probably the most profitable in the site’-s history. Election trading really zoomed up, plus they got all the expiration fees once the election finished. Not sure if that put them in the black for the year, but it was probably a profitable quarter. 2) Intrade is really a start-up. Sure, they’-ve been in business in various forms for several years, but there’-s the potential for massive growth in the future. In particular, when the legal status of prediction markets is clarified, their user base could grow very quickly. If UIGEA is repealed or amended, or if the CFTC certifies their legality in the US, they could eventually grow to be like the NY Stock Exchange or Chicago Mercantile Exchange, which are valued in the hundreds of millions of dollars. Bottom line, it makes sense for the directors to continue to lose money at this stage in the hopes of a huge payoff later on.
-There is no accounting at all for the intangible assets of Intrade. The Intrade brand name is valuable. When the Economist or any other media source wanted to estimate the odds for the presidential election or any other current event, their first stop is not Hubdub or Predictify or any of the other play-money sites, it’-s Intrade. For real-money current events betting, it is the first and last place to go. If Intrade were sold, I would expect it would go for a large multiple of its book value, maybe in the $10 million range or above.