Hear Ye! Since 1998.
15
Jan 12
Sun

  stuloh Seg 6/21: SFO-ORD. Last set of flights for this weekend. I've seen 4 familiar faces on these flights - fellow mileage runners no doubt.

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  stuloh Steve Ballmer Reboots (BusinessWeek) http://t.co/d17Hq6Wn (MS triples rev & profit, but stock price reflects investors' view of prospects)

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So you wanna get into Cambridge?

The Guardian reports on the undergrad admissions process for the University of Cambridge:

Then, they get down to business. After the straightforward rejections, and those they have already decided to offer places to, there is a band of candidates who fall in the middle. They might be teenagers who have done well at interview, but whose academic performance seems patchy. There are some with impeccable credentials on paper – but, in a phrase that is repeatedly used, “failed to shine” at interview.

Cambridge has opened up the admissions process to give a clearer picture of the effort that goes into the assessment of each candidate. Competition is intense: around 16,000 candidates are chasing just under 3,400 undergraduate places. Churchill College has 39 places in natural sciences and more than 170 direct applicants. The academics will make about 45 offers, in letters that arrive on candidates’ doormats this week. To help preserve the anonymity of the candidates, most of the academics in the room have asked for their names not to be used.

It’s a really interesting article because the admissions process for things like this is normally such a black box. Based on the numbers above, I was somewhat surprised about the numbers – the admissions rate for Cambridge would be a little over 20%, assuming a 100% yield – which wouldn’t be the case because they would be competing at least with Oxford for candidates. This makes things in the US seem a little crazy for undergrads, with colleges like Harvard having acceptance rates in the single digits.

There’s a measure of luck and arbitrariness with any selective admissions process. I was on an admissions panel for my undergrad program as an alumnus during one year. I sat around a table with other alumni and current students and we would screen each application form through two on the panel. Each application would get graded with a “yes”, “no” or “maybe” for progression to the interview. Academics would sort through “maybes”. Apart from that, there were no real metrics, other than whatever the panelist subjectively thought would make a good fit for the program. But of course panelists are different. A friend looking at one application said that an applicant had “really great marks” but his extracurricular activities showed he might be an introvert so it was a “no” for her. I remember thinking, “Well hang on, if you’re trying to seed the program with some people who would make great technical people, you need that diversity and can’t just think of who you would get along with socially.” However, there’s one part of the Cambridge process which I found really questionable:

It is not just poor teaching – or a lack of teaching – that can wreck a candidate’s chances. Their combination of subjects is also crucial. There is consternation about a candidate who is applying to read natural sciences without having either maths or biology; he is taking physics and chemistry but his third A-level is an arts subject. The lack of maths rules him out for the study of physics. The absence of biology means he will struggle to be accepted as a biologist. The school is a “really ropey” one. One of the academics, a man in a grey fleece, comments: “I feel sorry for him, but I don’t think we can fix the problem.”

Since when does what you study in high school reflect anything about what you end up doing with your life? Or what you’re actually good at? I did a computing degree for undergrad, but I didn’t study comp science. Would I have struggled to be accepted as a computer engineer because of that? And then my law degree. I studied no humanities in high school except for English, which was mandatory. And then for English, despite the protestations of my teachers, I decided to take the second most easiest stream (there were four streams), mainly because I didn’t enjoy reading 18th and 19th century literature. Would that have disqualified me from being accepted as a lawyer?

  8:20am  •  General Media  •  Tweet This  •  Add a comment  • 

  stuloh Seg 5/21: ORD-SFO. Another full flight.

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14
Jan 12
Sat

  stuloh Seg 4/21: SFO-ORD. I hope this time the plane is actually not broken. And that the police don't need to board the plane like the last flight

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  stuloh Seg 3/21 DFW-SFO: everything seems to be back on schedule

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  stuloh Seg 2/21 ORD-DFW: Made the flight. Chicago sure is snowy and white. And cold. Hope this flight leaves on schedule.

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  stuloh Seg 1/21 SFO-ORD: redeye delayed due to mech issue; given new plane; rebooked connection; arrived at gate 15 mins b4 next flight; time 2 run

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31
Dec 11
Sat

Happy New Year!

Wishing everyone an even better year ahead for 2012!

29
Dec 11
Thu

  stuloh Never a good sign when it's before 11am and emails from earlier in the day have already started to scroll off the bottom of the screen...

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16
Dec 11
Fri

King & Wood Mallesons

My old firm is merging with China’s largest law firm, King & Wood. It will be called King & Wood Mallesons. I am a little sad about the possibility that the firm will no longer be called “Mallies” as the name has lost top billing, but the merger is definitely an interesting one. The firms will share everything except financials, since Chinese law prohibits financial integration.

The Australian legal services industry is changing dramatically, and all the Big Six are jumping into bed with international tie-ups. Bound to happen, I guess – the Australian market is pretty tapped out (saturated) and has been for some time.

  12:21am  •  Law  •  Tweet This  •  Add a comment  • 
12
Dec 11
Mon

  stuloh Maybe that third Red Bull wasn't such a great idea...

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11
Dec 11
Sun

  stuloh 105 hours and counting... Red Bull time.

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27
Nov 11
Sun

Inside McKinsey

FT Magazine profiles McKinsey & Co. and describes how The Firm is dealing with the turbulence created by the Gupta and Kumar insider trading cases:

The culture binds staff closely to their employer. Some speak, only half in jest, about a code of omertà. Those who have worked there put a more positive spin on it. “Privacy is a natural outcome of people putting the client first and the work first,” says the former director. “It isn’t like … the big swinging dicks [of Wall Street investment banks]. People who get bigger than the Firm don’t last.” Ex-partner James Kondo agrees. Ego is “one of the things that destroys consulting firms”, he points out. Dominic Barton, he adds, “embodies the humility and low-key ethos that’s important to maintaining the organisation”. …

If the arrest of Kumar in 2009 – accused of leaking information gained while working for McKinsey clients – cut deep, the reports of Gupta’s alleged connection to insider trading, which started to circulate the following spring, risked infecting the whole partnership. “This was the guy who was representing the values globally,” says one corporate strategy head who was working for McKinsey as an associate at the time, adding that the sense of disappointment and betrayal was strongest among junior staff.

 

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Yakutsk: 200,000 people living in ridiculous weather

Yakutsk, the coldest city on the planet, has always been a source of curiosity for me. Located in depths of Siberia, it has pleasant summer temperatures maxing out in the twenties Celsius, but in winter it plunges to an unfathomable negative 50 degrees.  If you’ve ever walked into a commercial freezer for 30 seconds, you’ll know roughly what it’s like. But to live there? It seems absurd. I actually have Yakutsk’s weather on my iPhone weather app just to make me feel warm.

Anyway, a journo from The Independent just published an interesting article about Yakutsk that is worth a read:

I know this because Ive just arrived in Yakutsk, a place where friendly locals warn you against wearing spectacles outdoors. Yakutsk is a remote city in Eastern Siberia population 200,000 famous for two things: appearing in the classic board game Risk, and the fact that it can, convincingly, claim to be the coldest city on earth. In January, the most freezing month, average “highs” are around minus 40C; today the temperature is hovering around minus 43C, leaving the city engulfed in an oppressive blanket of freezing fog that restricts visibility to 10 metres. Fur-clad locals scurry through a central square adorned with an icy Christmas tree left over from the New Year holidays and a statue of a strident Lenin, with one arm aloft and pointing forward, thoroughly unfazed by the cold.

A couple of weeks ago, Yakutsk hit the headlines after a series of burst pipes caused Artyk and Markha, two nearby villages, to lose their heating for several days. The temperatures then were minus 50C. Television footage of the ensuing “big freeze” showed groups of people huddled in swathes of blankets gathering round makeshift wood-fired stoves to keep warm. It looked like fun – of a sort. So I decided to come to Yakutsk for myself to find out how people manage to survive, and go about something resembling daily life, in the worlds coldest place.

  10:09am  •  Travel  •  Tweet This  •  Add a comment  • 
23
Nov 11
Wed

The 57,000 page federal tax return

This is pretty crazy:

General Electric, one of the largest corporations in America, filed a whopping 57,000-page federal tax return earlier this year but didnt pay taxes on $14 billion in profits. The return, which was filed electronically, would have been 19 feet high if printed out and stacked.

  10:54pm  •  Business & Finance  •  Tweet This  •  Add a comment  • 

  stuloh SV Angel's investment portfolio (Fortune Term Sheet) http://t.co/Jo91CyqI

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21
Nov 11
Mon

  stuloh China won’t be riding to the rescue any time soon (Globe and Mail) http://t.co/J1csGq3i

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  stuloh xkcd: Money http://t.co/156Zvei2

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  stuloh After Law School, Associates Learn to Be Lawyers http://t.co/ZzTrS0rX (pretty accurate... I never drafted a contract at UNSW law school)

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