Entries by Mdleminer472

Solving the 1st Half of the Problem to Get to the 2nd

A problem well stated is a problem half-solved. Charles F. Kettering A few months ago, I wrote about the ill-fated AGM-183A hypersonic missile. While its engineering parameters were well-known, its budget limitations were not. Funded to about $1.7B for its development, Lockheed Martin said its first unit cost would be about $42M. At the same […]

Uphill to Stupid: Universality Abounds

All schools and colleges have two great functions: to confer and conceal valuable knowledge. Mark Twain Some writers have gained more attention than their ideas merit. It takes little thought to discard them. Take Karl Marx and his school of thought, for example. In his Communist Manifesto, he wrote, ” Modern bourgeois society… is like […]

Seeing Problems from a Distance and Getting To No. 1

I have been trying to point out that in our lives chance may have an astonishing influence and, if I may offer advice to the young laboratory worker, it would be this—never neglect an extraordinary appearance or happening. It may be—usually is, in fact—a false alarm that leads to nothing but may, on the other […]

Saturday Morning Quarterbacking: First-Person Shooter Games

Common sense always speaks too late. Common sense is the guy who tells you you ought to have had your brakes relined last week before you smashed a front end this week. Common sense is the Monday morning quarterback who could have won the ball game if he had been on the team. But he […]

Market Limits and Infinite Dimensional Compression

Genius may have its limitations, but stupidity is not thus handicapped. Elbert Green Hubbard The International Cost Estimating and Analysis Association (ICEAA) recently held its annual Professional Development & Training Workshop in Minneapolis, Minnesota. This event, a cornerstone of professional development for our members, was a remarkable success. I submitted a paper to it, and […]

The Premature End of the B-21

What did the President know, and when did he know it? Howard Baker, Watergate Hearings. Last month, in a hearing before the U.S. House Armed Services Committee, Lt. Gen. Richard G. Moore Jr., Deputy Chief of Staff for Plans and Programs, U.S. Air Force, reaffirmed the USAF’s commitment to buy 100 Northrop B-21 bombers by […]

Time to Double

Most inventors who have an idea never stop to think whether their invention will be saleable when they get it made. Unless a man has plenty of money to throw away, he will find that making inventions is about the costliest amusement he can find. Thomas Edison Edison knew. Our invention cost a bundle. But […]

Market Anatomy: 7D View In Rotation

The whole aim of comparative anatomy is to discover what structures are homologous Libbie Henrietta Hyman. In mammalian anatomy, we can find several similar structures in disparate species. In (A), the human arm has the same parts as a cat. Humans and cats have a median or sagittal plane running through the body’s midline, which […]

Inflation Bites

Inflation is the one form of taxation that can be imposed without legislation Milton Friedman Most people have nostalgia for their youth. Being a kid. High school. Me, I’m rather fond of 2019. As shown in (A), those halcyon pre-COVID-19 days found government currencies stable. The United States Dollar (USD), The World’s Reserve Currency, found […]

All-Time Highs, But

On average, people should be more skeptical when they see numbers. They should be more willing to play around with the data themselves Nate Silver, founder and editor-in-chief of FiveThirtyEight</small They stood there laughing/They’re not laughing anymore—The Call, The Walls Came Down Recently, it seems that everybody has been shouting about the financial markets. It […]