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Weekly Newsletter from
Issue #97 / Mar 16, 2019
This week we got our Peloton Bike (https://www.onepeloton.com/bike) and Tread (https://www.onepeloton.com/tread) delivered. We decided to update our home exercise equipment and Tammy and I both found the gear very impressive, and the live classes online very engaging. I’ve already gotten a couple of rides in and like it a lot. In some ways it’s a better spin class experience than a class in a studio! I love that you can see your performance live with everyone else taking the class. If you are on Peloton, connect with me — my username is jthingelstad!
Featured Links 🏅
The MBA Myth and the Cult of the CEO | Institutional Investor (https://www.institutionalinvestor.com/article/b1db3jy3201d38/The-MBA-Myth-and-the-Cult-of-the-CEO)
Interesting analysis of well-known business school MBA’s and how CEOs with those credentials do in public companies.
But regression results suggest a different result entirely. We tagged CEOs by the MBA programs they attended, formed monthly portfolios of companies broken down by the business school each CEO attended, and compared the returns of these portfolios to the broader market.
We found no statistically significant alphas — despite testing every possible school with a reasonable sample size. MBA programs simply do not produce CEOs who are better at running companies, if performance is measured by stock price return.
What about bankers and consultants?
Lastly, we looked at how CEOs who had previously worked at investment banks and elite consulting firms performed. If Jensen’s core thesis were true, we would expect CEOs with these elite credentials to outperform the market.
We thus formed monthly portfolios for bankers and consultants. As we did with MBAs, we then ran industry-controlled Fama-French three-factor regressions. The result: Neither bankers nor consultants produced statistically significant alphas. We also back-tested portfolios designed to favor ex-bankers and consultants and found no significant edge (though consultants had a statistically insignificant edge on bankers).
My Weekly Photo 📷
We went to the lake this last weekend and I found myself playing Fishin’ in the Dark as we pulled in, and dreaming of summer, sunshine, and open water.
Dreaming of summer.
Mar 9, 2019 at 2:33 PM
Cannon Lake, MN
Notable Links 📌
Ctrl-Alt-Delete: The Planned Obsolescence of Old Coders (https://onezero.medium.com/ctrl-alt-delete-the-planned-obsolescence-of-old-coders-9c5f440ee68)
This is one of the less frequently discussed, but very real, diversity issues in technology.
The ACME Protocol is an IETF Standard — Let’s Encrypt (https://letsencrypt.org/2019/03/11/acme-protocol-ietf-standard.html)
Let’s Encrypt is continuing to push the state of the art for security certificates on the web. Very happy to see this. Now hopefully more CAs will start using ACME.
Brief Examples of OmniFocus Perspectives (http://www.macdrifter.com/2019/03/brief-examples-of-omnifocus-perspectives.html)
This is a good overview of the more advanced things you can do with OmniFocus perspectives. Good examples too!
From video game to day job: How ‘SimCity’ inspired a generation of city planners - Los Angeles Times (https://www.latimes.com/business/technology/la-fi-tn-simcity-inspired-urban-planners-20190305-story.html)
I love how impactful SimCity was to some people. I’m not a gamer, but there are a few games I’ve played a lot of. Tetris, Spectre, and a couple others. SimCity is definitely one of those. I had a city I actually upgraded and played for over a decade on and off.
The ultimate guide to DuckDuckGo - BrettTerpstra.com (https://brettterpstra.com/2019/03/07/the-ultimate-guide-to-duckduckgo/)
There are a bunch of DuckDuckGo things I didn’t know even existed. The ! searches are a neat feature. 👍🏻
How to Reduce Anxiety Through Meditation and Buddhism - The Atlantic (https://www.theatlantic.com/health/archive/2019/03/buddhism-meditation-anxiety-therapy/584308/)
Some surprising numbers here on how many people are getting into meditation and Buddhist philosophy. I found it a little shallow that the author only points the finger at the classic “everyone is so busy” thought. I think there is a real connection between the near universal adoption of mobile devices along with social media that are driving this. 🧘🏼♂️
800+ Million Emails Leaked Online by Email Verification Service - Security Discovery (https://securitydiscovery.com/800-million-emails-leaked-online-by-email-verification-service/)
I found out about this one thanks to a notice from HaveIBeenPwned. They had four addresses in my domain. The surprise for me was that I’ve never given my email address to this service, but I guess other services I use must have been using them for email validation.
Give Back 🎁
Minnestar (https://minnestar.org/) is the technology community for Minnesota. If you are passionate about technology you need to go to Minnebar and Minnedemo. Did you know that Minnebar is the largest BarCamp (https://en.wikipedia.org/wiki/BarCamp) in North America and one of the largest in the world? Its also been going on for over 10 years? Minnedemo is the best place to hear about innovative tech and fun projects in the Twin Cities area. I am on the Minnestar board and I focus on Minnestar as one of the driving forces improving and expanding the technology community in the area. Minnestar is a 501c3 non-profit. Become a Community Supporter today! (https://minnestar.donortools.com/)
Yet More Links 🍞
Thursday @ 6:54 PM (https://micro.thingelstad.com/2019/03/14/mazie-and-i.html)
Mazie and I got to play Civil Engineer tonight, creating routes in the snow/slush to route water out of our yard. So much water! 😬💦
Thursday @ 6:51 PM (https://micro.thingelstad.com/2019/03/14/day-dinner-chicken.html)
π Day Dinner! Chicken Pot Pie with Chocolate Pie! 🥧🥧🤤 #PiDay
Thursday @ 2:56 PM (https://micro.thingelstad.com/2019/03/14/happy-day-from.html)
Happy π Day from #TeamSPS! 74 pies! #PiDay
Wednesday @ 8:12 PM (https://micro.thingelstad.com/2019/03/13/did-my-first.html)
Did my first spin workout on my Peloton Bike tonight. I was impressed with the bike and the class. It is a very good home workout experience. I love the data and graphs you get too! 🚴♂️
Tuesday @ 9:43 PM (https://micro.thingelstad.com/2019/03/12/updated-tesla-model.html)
Updated Tesla Model 3 to Firmware Build v9.0 2019.5.15 f5def7e (3/7/2019). Still love doing that. 😎
Saturday @ 8:44 PM (https://micro.thingelstad.com/2019/03/09/watched-free-solo.html)
Watched Free Solo (https://www.rottentomatoes.com/m/free_solo/) tonight. Wow! Alex Honnold (https://en.wikipedia.org/wiki/Alex_Honnold) is an amazing climber. My palms were sweating while I sat comfortably on the couch. 🧗♂️😳🎬
Saturday @ 6:02 PM (https://micro.thingelstad.com/2019/03/09/after-raining-pretty.html)
After raining pretty good for a while it turned into pretty serious snow! ❄️
Saturday @ 6:01 PM (https://micro.thingelstad.com/2019/03/09/one-of-our.html)
I had a great time checking out the fun and creative projects one of our #TeamSPS teams did during a post-release Hackathon! Several API mashups, productivity quick wins, mobile, and of course Slack bots! 👍😎
Saturday @ 8:33 AM (https://micro.thingelstad.com/2019/03/09/tyler-and-i.html)
Tyler and I are cheering on FC Bayern vs Wolfsburg (https://fcbayern.com/en/matches/profis/bundesliga/2018-2019/fc-bayern-muenchen-vfl-wolfsburg-09-03-2018-matchday) ! ⚽️
You’ve made it all the way to the end! 👏 Here is your fortune for this week.
If you learn one useless thing every day, in a single year you’ll learn 365 useless things.
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This work by Jamie Thingelstad (https://weekly.thingelstad.com/) is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License (https://creativecommons.org/licenses/by-sa/4.0/) .
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