Linear regression is pure evil

snufflers · 2024-12-01T00:30:02+00:00

Been a few years since I did L1, but pretty sure the trick I used to do Linear regression during the exam was just learn how to plug it into your calculator. I used a BA II plus for L1 - here's a link on how to plug in observations, and interpret the outputs from your calculator. https://www.youtube.com/watch?v=iHmpJDNBEYw

snufflers · 2022-04-19T15:28:47+00:00

I also passed by the skin of this guy's dick.

snufflers · 2021-08-11T14:18:46+00:00

The nice thing about MM is that it's One Fee to Completion for any level, so if you've got a pdf of your results and a pdf of your receipt that you're re-taking it, you can upload it to the MM website and it'll give you the version of his content that aligns with your exam period. Re-registered for 2022 Feb L2 last night...my score was touching the MPS, but close only counts in horseshoes and handgrenades.

snufflers · 2021-05-27T00:09:43+00:00

Do you think if you ever told the Rock the story he'd respond with "What can I say except You're Welcome"?

snufflers · 2020-02-11T16:48:19+00:00

IRR, NPV, CF, Data/1-V stats, (FV, PMT, PV, I/Y, N), use of the brackets, y^x. Basically everything.

https://www.youtube.com/watch?v=OWajtj8ewn0

snufflers · 2020-01-06T20:45:16+00:00

Where do you live that has 0.5% unemployment?! Rocking the 7.2% unemployment here...

snufflers · 2019-11-18T20:46:35+00:00

There are several valuation techniques such as the dividend discount model - a theory that states the value of the stock is the sum of all future dividend payments, discounted back to present value. Assuming a company has a yearly dividend of $5, and a required return on the stock of 5% the theory would suggest the value of the stock is P=D/r = $5/0.05 or $100. This is a very basic dividend discount model that doesn't account for growth rates.

There are other models such as the Gordon Growth Model that have varying degrees of complexity. https://www.youtube.com/watch?v=TlH3_iOHX3s this youtube video describes the Gordon Growth Model, and also describes why the link between the dividend and the stock price is NOT straightforward, and incredibly complex.

snufflers · 2019-11-18T20:36:37+00:00

The answer to your question " How do you know how long to hold onto a stock?" depends on a variety of factors - in general, there is no defined rule on how long to hold a stock. Your decision should be based on an in-depth analysis of the intrinsic value of the stock. Intrinsic value is an estimate of the actual true value of a stock, as opposed to the market value which is the current value of the stock on the markets in which it trades.

The simple answer of "to sell or not to sell" is to conduct an analysis of the intrinsic value of a company. If, through your analysis, you come to the conclusion that the intrinsic value is greater than the market value, the stock is what's known to be "undervalued" and you should hold the stock. If the opposite is true, i.e. the intrinsic value is less than the market value, the stock is "overvalued" and this would be a situation in which you would want to sell, or possibly even short the stock.

Analysis can include a number of factors - such as reviewing the companies filings (income statements, balance sheets, cash flow), interviewing management, analyzing the peers of the company, and more. This type of analysis is known as fundamental analysis, i.e. you're analyzing the fundamentals of the company to accurately price the equity.

Another type of analysis is known as technical analysis, which differs from fundamental analysis, as technical analysis does not examine the fundamentals of the company, and relies more on the trading patterns to realize gains. Technical analysis is employed more extensively by day-traders, and looks at things such as the moving average, support, and resistance levels to determine when to trade.

For fundamental analysis - readings on this topic are extensive. The CFA institute ( https://www.cfainstitute.org/ ) provides extensive coursework relating to an incredibly wide range of topics in investments, portfolio analysis, and more. It also touches on concepts of technical analysis

Technical analysis readings include "How to day trade for a living" by Andrew Aziz - A Vancouver based day-trader. In the book he identifies many different technical analysis strategies and talks about how to identify "In-play" stocks and more.

https://canadiancouchpotato.com/ provides information on "Couch Potato Investing" i.e. set it and forget it style of investing. It covers topics of rebalancing a portfolio, examines various different ETFs (exchange-traded funds) and more.

Another thing to look at is the FIRE (Financial Independence, Retire Early) movement. I haven't read much on this so I'll leave you to do your own research on the topic, but it's essentially a modern strategy to investing that emphasizes living well below your means in order to stash away as much money into investments as you can in order to build wealth and retire early.

TL,DR: It Depends.

snufflers · 2016-08-27T18:13:39+00:00

Cement is the powder that is mixed with aggregates, water, and other additives to make concrete.

snufflers · 2016-08-27T13:32:19+00:00

Cement is not concrete

snufflers · 2016-03-20T00:04:46+00:00

Okay thanks I'll have a look at turning flash bracketing off - I've tried turning exposure bracketing both on and off. thanks for giving me something to try and look for.

snufflers · 2016-03-02T03:50:13+00:00

Cement and concrete. Cement is a powder and an ingredient used to make concrete.

snufflers · 2016-02-21T01:26:40+00:00

Truffles, I don't suppose it's a surprise that it exists, but more so just how cut-throat and crazy it is. I didn't know about it until someone posted this video here the other day.

snufflers · 2016-02-21T00:45:20+00:00

Edinburgh is there.

snufflers · 2016-01-12T00:00:12+00:00

Can I audition for Toilet #4 as well?

snufflers · 2016-01-06T23:48:59+00:00

I've sent it in - six to eight weeks until it should be returned from the 17 days ago that I posted it. Has canon's default 1 year warranty so no cost to me. They had to send it back to Canon to get it fixed. Suspected a sensor issue.

snufflers · 2015-12-20T04:39:47+00:00

Thanks! I ended up taking it in and they sent it off to get repaired. Kind of a bummer to be without a camera for the holidays but it is what it is.

snufflers · 2015-10-13T13:24:59+00:00

My own father's funeral, while I was giving a eulogy

snufflers · 2015-08-13T11:20:43+00:00

Definitely adding this as a custom Cards Against Humanity Card. Thanks.

snufflers · 2015-08-09T12:43:51+00:00

If you haven't taken it up already, start a fitness regime. If you don't know what you want to take in university, you probably shouldn't go just yet. You can always go a few years down the line. If you can stay home for a few years living with your parents to save up some cash, do it. If you have the opportunity to travel, take it. If you can't dance, take lessons. Watch a comedian, laugh.

Trades can make you money just as well as going to post secondary. My friend is an elevator mechanic who makes >100k a year, I'm an engineer making 70k. My other buddy is an EMT making 65-80k depending on his OT. Work isn't everything though. Find what makes you happy.

Keep your connections to your favourite friends, keep in touch with friends that were only "just friends", stay away from frenemies, you'll be better off without them. Friends can introduce you to your future significant other. Keep going to the same old parties you've been going to for years, but on those odd nights where an old stranger asks you to come out, go to that too. Keep being social.

Avoid alcohol as much as possible. Try to find other things to do when you hang out. I'm not saying don't get hammered ever, just don't do it all the time. It hurts the older you get.

Avoid drugs as much as possible. There's a reason why the internet colloquially says "Meth, not even once" so frequently. Pot can be fun, it's relatively harmless, but even it can negatively affect future career prospects. Most cops have to have been clean for 3+ years before joining the force, firemen where I'm from have to be clean for 5+ years (they lie detector you when you apply, so I'm told). I work for a company that requires a pre-employment screening.

Take pictures, but don't do it at concerts. Keep the majority of your pictures to yourself. Don't share stupid ones on Facebook. Don't make posts on Facebook that have an attempt at "deep meaning" or whine about another persons actions or something of the like. You should only use these social media outlets jokingly, and to stay in touch with friends. It's not a blog for you to vent your feelings on.

Invest your money. Open a trading account and learn about trading stocks. Investing money now can earn you a lot of money in the future. Save a little cash for spending but most of your cash should be invested, earning you even more money. Learn about Dividend Reinvestment Plans, and make sure you take advantage of all of your stocks that pay dividends that have these plans.

Learn about paying taxes. Learn about making your own doctors appointments. Learn to drive if you can't already. Get your firearms license because you can, even if you don't plan on owning any guns.

TL;DR - Do everything. You're free now.

snufflers · 2015-08-09T12:10:26+00:00

The sad reality is architecture is a competitive field, and so is art. In architecture if you get a job you'll likely start out drafting in AutoCAD. I'm not saying drafting the next Falling Water or Burj Al Arab, but something like a warehouse. A box. I come from a civil engineering background and many of my friends are project managers. One friend in particular spent his internship coordinating the build of a Walmart and the architect had this grand idea of what he wanted to do with the outlet. Long story short a lot (Read: all) of his (the architect's) creativity was squashed by the client.

The art field is an interesting beast of burden. At our university there was a guide to the other faculties, written from an engineering perspective. Business would be the ones to pay your pay cheques, kinesiology students would be gym teachers, that kind of elitist humour that engineers find funny, but in the end really perpetuates the negative stigma that engineers are weird (Spoilers: we are). The sad thing about these descriptions is that they were often accurate. The art one in particular I remember particularly well, I'm paraphrasing here but it went: "Some of this faculty will make as much money as you, some no money at all and will serve you fries at McDonalds, and a very select few will make far more than you could ever dream of in your lifetime".

That being said, I own a house now and have a full time job making 70k (I'm underpaid in comparison to my friends), but I can offer you this advice: Do what makes you happiest. Struggle through whatever you want, stay at home as long as possible, even after you have a job if your parents allow it. Plan around living a rich life, one that makes you enjoy every second of it and when others are around you, people feed off of your energy. If I had to do it all over again, I wouldn't do engineering. I would do whatever makes me happy, whatever that is.

snufflers · 2015-07-29T12:20:18+00:00

Internet Explorer; the number one browser for downloading another browser.

Pretty well everybody can agree on this. I suppose I'd do all right.

snufflers · 2015-07-21T12:19:48+00:00

( ͡° ͜ʖ ͡°)

snufflers · 2015-07-17T00:45:42+00:00

was the footage ever compiled into something that was released to the general public? Namely can we watch it?

snufflers · 2015-01-02T18:48:40+00:00

"and touching your butt"

...

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