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George Bikos

George Bikos
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  • Technology on the Horizon: What if Moore’s Law Continues for Another 40 Years? [View article]
    Oh, and from a strictly economic sense—using Moore's law as a gauge for cost decrease as opposed to technological development—Moore's law will continue to work simply because recouped R&D costs lower the price of an item as the technology becomes "obsolete". I put obsolete in quotes because of the numerous points brought up in this post of the questionability of the leaps and bounds of technological developments. In this way, it is irrelevant whether or not technology progresses at current rates, but rather a matter of how much a product is in demand versus how low of a cost an item can be produced for.

    For example, the amount of actual technological advance from an iPhone 4 from the iPhone 3GS is in my opinion not a 50% increase (the amount it should be if technology is to double every two years), but an iPhone 3GS can already be obtained for $300, or half the price of the newer model. While I understand that my comments on the development of the technology are debatable, the price decrease is not; however, I must add an axiom—or something that should be—to this statement.

    It has become apparent lately, by many apple products, that these devices are quickly becoming more accessories and status symbols than strict technological devices. This is apparent in how many people have purchased numerous similar—or in some cases the same—models, simply because they wanted one in another color, slightly different shape, or because their friend had that exact one. As technology becomes more and more integrated into our daily lives these devices, especially to the youth, are becoming more commonplace, and the enduser who takes them to the extent of their technological capabilities is quickly becoming a minority.

    This is not to take away from the amazing advances that we have seen in recent years (the growth of flash memory size comes immediately to mind), but rather to add that a large part of the cost decrease in older devices can often be attributed to economic factors and clever marketing.
    Oct 6 12:28 PM | Likes Like |Link to Comment
  • Technology on the Horizon: What if Moore’s Law Continues for Another 40 Years? [View article]
    Does anyone know exactly where the break between microcircuitry's further advances can continue at the present pace, and when we would have to step over to something along the lines of quantum computing as DARPA has suggested as the next logical step? I only bring this up because quantum computing's possibilities are exponentially larger then that of traditional microcircuitry, and would immensely improve the power of tablet and handheld devices; but until this is more than a pipe dream I believe we are limited to a finite world defined by our space limitations as determined by the size of the device in question, and how small we can make our components.
    Oct 6 11:20 AM | 1 Like Like |Link to Comment
  • YONG Discussion Message Unwarrantedly Censored By Yahoo Finance [View instapost]
    I have also recently been unable to post comments of a longer length, though within their character limitation. Sadly, according to their terms of service, they refuse the right to post anything for any reason. I wondered if my comments were censored as well, and they too were neither vulgar, inflammatory, or spam related. One of the pieces is posted below as an example. It is a shame there is not a place where an individual can enter a free state of discourse with others without fear of censorship; and furthermore, it is a shame that activities supposedly instated to reduce spam now impede the words of free men, while not even ridding us of the intended spam target.

    The offending piece is offered below...

    Investing has been, and always will be, about measuring value against price in relation to risk and possible reward. While the banks did suffer a massive decline it is unfair to blame the Federal Reserve for a lack of regulation, because the run on the banks was caused by the illicit, imprudent, and dare I say borderline illegal activities of shadow banking institutions such as citigroup.

    The reason the FED is not to blame is simple. The FED's domain is the banking institutions, and its primary role is the "lender of last resort". However, investment banking firms like Bear Stearns, Lehman Brothers, and Citigroup (also known as shadow banking institutions) are under the regulation of the S.E.C. and not the federal reserve. Thus, it was the failure of the S.E.C. to regulate these institutions and to so brazenly disregard their post—so much so as to allow an insurance giant like AIG to become a multi-billion dollar hedge fund—that required the FED to step in and rectify the situation.

    According to the Federal reserve, their official buy price of Citigroup was $3.25 a share, and considering that it is now trading at $3.97 they actually stand to make a profit off of this support. Thus, in turn, the American people stand to make a profit off of their tax dollars via the Troubled Assets Relief Program (TARP). This is only one case in many where the government is turning a profit from the bailout money. Most of the major banks actually made good with their payments of interest and principle, or are planning to do so soon. The major setbacks of the tarp plan were actually General Motors, AIG, Fannie May, and Freddie Mac.

    The point here is that the 700 billion dollar TARP plan that everyone is blaming the federal reserve and President Obama for—this number actually tops a trillion dollars with all the emergency funding required of the fed before the bill was passed—WAS NECESSARY, and is why we are currently hovering under 10% unemployment, instead of in the middle to high 25th percentile. Furthermore, that trillion dollars that we are complaining about paying back is estimated, after profit and return of principle, to only be a net 26 billion dollar loss.

    While I understand 26 billion dollars is nothing to scoff at, I believe it is a fair sum to stave off deflation and economic depression; And, furthermore, it is a sum which is within the limitations of our government to pay off in the next few years. If anything I applaud the extraordinary measures that Bernanke and associates did at the Federal Reserve. After any market mania—as was the housing bubble, and the internet bubble before it—I feel it is important that we take an inward look at ourselves, and our individual behaviors and actions, to find a way to stave off the repetition of history.

    I am assuming that many of the posters on this board are, or have been, investors, and thus have a personal attachment to this particular issue. I am an investor as well, and seeing as I steered as far from the madness of the investment banks and the housing bubble as I possibly could, I feel personally stung by this incident. If you really want to prevent, or at least dampen the effect, of future events like this we must all act collectively when the next mania grips our hearts and our purse strings. Do not succumb to the easy money, made so fast as to question whether it simply materialized out of thin air.

    It appears again and again we as humans must be reminded that there is no Philosopher's Stone, a quest that has led Kings and Clergy to disrepute and ruin. Instead, the next time you see something that makes you say to yourself, "Hey, this seems too good to be true!", walk away, and tell your friends to walk away, for it is the times that optimism and euphoria are at their highest when blackguards and rogues walk amongst honest men.
    Sep 30 01:37 PM | Likes Like |Link to Comment
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