October
2013
10

Secret history of Silicon Valley

Silicon Valey

When people think about Silicon Valley, they immediately think about innovation, startups and technology. I am sure that if you ask them what the origins of Silicon Valley are, 95% of them will answer with some hi-tech company, semiconductors or computer history, maybe someone will even say Apple computers are behind Silicon Valley.

 

However, the truth is a little bit different. Stanford professor Steve Blank explains it has more of a military background that what we may believe. He says before Silicon Valley it was Microwave Valley, specializing in electronic intelligence and radar detection systems for the World War II and Cold War. The seed capital for creating this Microwave Valley came from no other than the U.S. Government.

 

It was basically a research lab for the Department of Defense. Some traces of this military oriented Valley remains. For example, one of the biggest employers in the valley is Lockheed Martin, an American aerospace, defense, security and advanced technology company.

Nowadays it is much more than a military research lab, but this part of history is known by almost everybody. It is the most active technological area in the world and the place to be for technology companies.

 

 

If you want to hear an expert about this story you can watch the previous video  where professor Steve Blank explains the history of Silicon Valley and its ties to the military. I found it to be very interesting and not only for technology addicts.

September
2013
25

The economy works like a machine

price of the economy

I would like to share a 30 minutes video that shows the economy working like a simple machine. The video provides a simple and understandable approach to the complexity of the economy.

 

The main elements that are used to describe this machine-behaving economy are basic but mostly misunderstood: Transactions, Credit, Money, Debt and Productivity.

 

This video is explained by Ray Dalio, founder of the investment firm Bridgewater Associates and according to Forbes the 88th richest person in the world. He is one of the most influent men in the world, listed in Time 100 list of the most influential people. He has been labeled the “Steve Jobs” of investing.

 

 

If you want to read the full 210 pages long document created by the Bridgewater Firm that provides a more in depth coverage of the economic principles where you can find all the data used for the video, you can follow this link. Enjoy the video!