Benjamin Buffett

Nash Equilibrium Taught By Benjamin Polak | Game Theory Lecture 5 of 24 When playing a game its best to choose the strategy that benefits the team. How does one consider "what is best" by choosing a best case in situation and player strategy. Your partners "team" is always acting and performing at their best, the same as you do. By communicating your philosophy you are more apt to persuade, yes persuade is not the best term yet it gets the point across quickly, inform your partners and teammates an idea of best intentions and a strategy, common goal. Unless other people know your strategy, how will you execute it. Watch it Academic Earth

Best Responses in Soccer and Business Partnerships - Game Theory By Benjamin Polak | Game Theory Lecture 4 of 24 Best response in soccer and business partnerships, is the title a worthy read by itself. Does it offer any important information from the onset. In soccer terms be the shooter in business be the designer. To give yourself a good shot in either field of play, its always easier to play offensively from the start. In soccer the example of kicking a penalty kick and choosing what the goalie may do based on their interpretation of which way they think you are going to kick. More times than not, most people kicking the goal will use their dominant leg and kick the ball accordingly. Meaning, If you are right legged you will tend to kick the ball towards the left and vice versa. Variables one considers are - can the kicker control the ball kicking it as fast and hard as they can or will they have to kick the ball just enough to try to trick the goalie. In choosing profit sharing par...

Game Theory - Iterative Deletion and the Median-Voter Theorem Iterative Deletion. What does this mean to you. The definition states the act of repeating a process usually with the aim of approaching a desired goal or target or result. Each repetition of the process is also called an "iteration", and the results of one iteration are used as the starting point for the next iteration. If you are asked to choose a number between 1 and 10 what number will you choose. Will you just choose a number or will you think about choosing the number strategically meaning choosing a number that will allow you to win the game, if so inclined. If you think of the numbers 1 - 10 as a measurement of a persons beliefs to the "norm" of everyone else, one being the far left and 10 being the far right, one may quickly realize that being to far to the right or left in your beliefs puts you at a disadvantage and dominated by the every other number to 5. Being in the middle, choosing the midd...

Game Theory - Putting yourselves into other people shoes. Does one do this was my first response. Should one consider this idea at all. One must play the student to grow. Why did I have a hard time doing this or shall I say wanting to do this. Is it the task that I would write or the idea of considering. I would like to think that this has been so ingrained in me by my teachings that I it understood through this statement of people who are in my field of attention: If everything is made up based on my thoughts and ideas, reality is my perception than I only want the best of the best in my field. My friends and players all adopt a win win strategy. They all are more than fair. Coolfittings, a cool fit is a good fit don't force it is my strategy. I think its silly in a way to want to put myself in someone else's shoes. It's halloween today and I am invited to a halloween party. I thought about dressing up yet there is no I'd rather be than me. How do you play a game. In b...

Game Theory - Lessons 1 - 5: Thoughts always need to be fertilized and nurtured patience. Game theory has always interested me. The idea of "this" being a game of sorts always intrigued me considering gaming is an intricate part of getting along in the world. Thanks to Yale open source, and Academic Earth, I have projects to last a few years. Initially I was going to provide my first thought after watching the lecture, reading the lecture, and studying the notes. That will be the system I will follow prior to writing my interpretation. Feel it will be more digestible to me the Alpha and you the Beta. Game Theory Definition. We say that my strategy Alpha strictly dominates my strategy of Beta if my payoff from Alpha is greater than that from Beta, regardless of what others do. Lesson 1: Do not play a strictly dominated strategy Lesson 2: Rational choice can lead to bad outcomes (for you) Lesson 3: You can't get what you want, until you know what you want (ie - payoff...

Building My Trade Plan - $100.00 to 5000.00 - Trade 2 12 days from $100.00 to 200.00. Came in a series of trades. Mostly time and disciplined effort. Could it have been a faster accounting trade if I had made it a task. Building my trade plan is philosophical thought in and of itself. There is no right way yet it all is a right way. $200.00 - 12 days - 78 days to go. More thought and activity. Will include it in daily tasks, thought for 15 minutes. Daily review and thought is necessary.

Building My Trade Plan starting with $100.00 in capital. Goal: Grow the $100.00 to $5000.00 in 90 days. Its time to put my experience, learning's and experience to the test. Firstly for myself. Secondly, to prove the value of the book - Building My Trade Plan. The book was written for Day Traders, specifically those dabbling in the financial markets. Yet as I continue my pursuit, I realized that Building My Trade Plan was more versatile and can be applied in the "real world". Buying a stock or intangible asset, then trading it at a profitable price for a profit. I once thought that day trading only applied to stocks as that is how the concept and idea was initially introduced to me. Once I began my research and study of the book I created, yes I am a firm believer of drinking your own kool-aid so to speak, I came into a remarkable realization. Trading is more than just stocks and bonds. Making a trade occurs daily, when one party purchases something of value and sells i...

The Snowball - "warren had strong views about specialization: he defined his special skills as thinking and making money". Specialization has been introduced and reintroduced to me. I challenged this idea of one only being a blacksmith, especially in skill. Surely a blacksmith, with such talent would master anything he set out to do. Have A Mint Vending Company - Acquired 7/23/2010 - Happy Birthday. The acquisition price and investment $500 cash, assets and cash: 1. Have A Mint Vending Company 2. 6 Machines - 10 total producing heads 3. 3 months cash not collected 4. Established route with 6 customers, no lease or rent. (10% net donation to an organization) Stated price $400 Acquisition price $500 Why did I pay $100 above asking price. I purchased the business with inventory and uncollected cash. Maybe its poker yet I felt confident that if I would collect $100.00 from the 10 heads or $20 per head, I would be ahead of the game. The first Vending machine delivered $59.05. 9 Mo...

Coolfittings Rent space for 7 days. Get Dave's product, Kboy the dejay, emerson the model and go about selling shirts and product. 200 shirts 100 posters Blockpost, coolfittings "phillie blunt style", Coolfittings in rectangular box, Heito drawings of anime - pinups coolfittings on shirt, hidden or obvious - Heitio drawings - 10 July 7. Shirt prices and 3 designs or 10 designs. Goal by August 23rd.

To communicate another's thought through an idea is the daunting task of the aspiring architect. Ayn Rand quite funny how one's quick attention of admiration is briefly inspired at first introduction. I read and write with the fountainhead beside on chapter 5. Is there a class system. I argued with this idea as the only idea of a "class system" I knew was the one of persons of various colors being less than the other simply from ignorance or thinking one thought for fearing any others. I digress, Stocks and Bonds breeds interests. Invest in the right stocks and bonds, companies and create your own class is all I want to consider. One recruit's seeds have rooted and are sprouting some interests. A class system for the tradesmen of man. "Charles Koch" noted architect - for me and others with curiosity, purhase book for library as well as an excellent reread for the purpose of creating a class system for deriving income, growth, and community. The idea of V...