stopping time

19Nov07

There is an expression in probability theory that I’m not qualified to explain with perfect accuracy: “stopping time”. It is used to describe the uncertain length of a gambler’s sojourn at the roulette table when he is determined to double his money; stopping time arrives when either the target is reached or the gambler runs out of money.

In a way, a blog’s lifespan might be defined by such a period. How long to devote to it? Is there a target audience or revenue to make it worthwhile before interest or ideas run out? Perhaps too, the offline period (as the Knackered Hack has just experienced) might be defined by stopping time… each day goes by… the reader checks… no new updates. When will it reappear?

I haven’t found many intermittent blogs, but I think the concept has merit. The problem is that they are bound to be less discoverable as they will be less aggressively part of the so-called “conversation”. We really should prize those who write only when they have something to say.

The reason for this blog’s absence is more deeply personal, and starting again was akin to that feeling in a marathon when Continue reading ’stopping time’

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magoo finance

17Sep07

I can’t resist ploughing the same northern, rocky furrow two posts in a row. The beleaguered mortgage bank’s wipe-out in the credit crunch has called to mind one of my favourite cartoon characters, Mr Quincy Magoo. Northern Rock CEO Adam Applegarth again appeared on serious radio this morning to reiterate that nothing was [...]

Some will be surprised by the shenanigans which led to UK mortgage lender Northern Rock yesterday tapping the Bank of England for an emergency loan facility. One pensioner, queuing outside the bank today to extract his savings, described the cold sweat and sleepless night he’d had after hearing the late radio news announcement [...]


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