http://david.sickmiller.comA weblog about my lifeen-usCopyright 1996-2004 David Sickmillersickmiller.com v0.01info@sickmiller.cominfo@sickmiller.comhttp://david.sickmiller.com/archives/who-has-all-these-credit-cardsMon, 15 Dec 2008 22:26:37 CSTIt's been corrected now, but Reuters had an amusing error in this article:In 2007, Americans were using an estimated 694.4 billion credit cards with Visa, MasterCard, American Express and Discover logos, according to the Card Industry Directory.Considering the population of 300 million, that would be more than 2,000 cards per person!http://david.sickmiller.com/archives/timingTue, 30 Sep 2008 01:15:57 CSTToday, after the Dow closed down 777 points, I faxed in the application to enable option trading on my brokerage account.  :-)  I'm not actually as speculative as that sounds, though.  My intended investment, LEAPS, is effectively less risky than plain stocks, even before you factor in Taleb's criticisms of the Gaussian bell curve.  Since I'm not cocky enough to think I can reliably time the market, I plan to buy as soon as the feature is enabled.  Thus, I do appreciate all the selling that's occurring in the meantime.  Thanks!http://david.sickmiller.com/archives/depressing-real-estate-valuesFri, 12 Sep 2008 04:25:59 CSTFor some odd reason, I ended up browsing through real estate listings tonight, and I saw that a 2-bedroom unit in my building is listed for $15,000.  Now, when I clicked for details, the description claimed the price was $25,000, so this is likely to be a typo.  For comparison, a studio unit is listed for $13k.  Regardless of typographical errors, this does not bode well for my 1-bedroom unit.  Despite having made a 20% down payment and being nearly four years into a ten-year mortgage, I'm probably still under water.Making things worse, it's not even clear that sales are even happening at these prices.  I don't know how to directly access past sales data, but the $25k 2-bedroom unit appears to have been listed since April 25!I can see how owning a home is a good investment; you needed a roof over your head anyway, why not get in on the appreciation of the asset?  I was going to mention the tax shield, but I think individuals enjoy the income tax benefits from a margin account with a brokerage as they do with mortgages.  If I understand homesteading correctly, homeowners pay less property tax than renters indirectly pay through their rent.I have the impression that home values generally have low volatility relative to the stock market, but is that a fair comparison?  Owning a single home is an undiversified investment that is typically levered 5 to 1 or higher.  Making a similar commitment in the stock market -- investing a multiple of your annual income in a single stock -- is virtually unthinkable.  Houses never declare bankruptcy, but they do burn down.  Both events can be protected against with various forms of insurance.  The comparison really depends on specific numbers, but I don't see home ownership as an investment panacea.  If I was on the upswing, I would probably feel like whistling a different tune, but it would be foolish to measure the reward without also considering the risk.  If owning vs. buying can be assumed a wash financially, then the real deciding factors should be non-financial.http://david.sickmiller.com/archives/laziness-geneThu, 31 Jul 2008 02:00:05 CSTToday I ran across this Time article that describes how researchers have bred mice to be jocks.  Heredity seems to explain 50% of the difference in the observed activity levels.  This suggests a similar genetic basis in humans.  I'd be curious to find out whether the less active mice also show increased interest in reading, math, and music.The article naturally addresses the question of whether such genetic factors can be countered:And maybe one day, [the researcher] speculates, there might even be a drug to compensate for what your genes won't give you. A drug that makes you want to exercise? Now that's a pill worth swallowing.Don't we already have several of these?  I think one is called ephedrine.http://david.sickmiller.com/archives/patents-are-scaryFri, 25 Jul 2008 02:34:46 CSTI don't have much to say about this myself, but this patent article linked from reddit.com makes my head spin.  I found this sentence especially striking:All these and many more fascinating questions will provide ample billable hours for patent attorneys even as inventors look on with utter horror and disbelief at the crucial importance the legal system is placing on distinctions that are technologically meaningless to the innovations sought to be patented.http://david.sickmiller.com/archives/diverse-readershipFri, 11 Jul 2008 00:01:35 CSTAfter I wrote Monday's blog post, I linked to it from Twitter, which now also shows up in my Facebook status.  Surprisingly, a few people even clicked on it!Via Google Analytics, I can pull up the cities (roughly) where the visitors came from:AnkaraBig RapidsClawsonJacksonLansingMunichOsloSouthfieldBostonThis seems both mundane and amazing.  The fact that people from all over the world visit one's website used to be amazing, but I've gotten used to that over the past decade or so.  What I currently find amazing is that all those clicks came from friends and associates -- these are people I know and who know me.  My post was just an anecdote, so it's almost as if this were a globally distributed water cooler conversation.  (But, hey, nobody left a comment!)  Is this what the future looks like?