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	<title>World On A Shoe String &#187; monopoly</title>
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	<description>Days of my adventures on Earth</description>
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		<title>Success needs no explanation and Failures have no excuses</title>
		<link>http://blog.name1price.com/2009/05/success-needs-no-explanation-and-failures-have-no-excuses/</link>
		<comments>http://blog.name1price.com/2009/05/success-needs-no-explanation-and-failures-have-no-excuses/#comments</comments>
		<pubDate>Thu, 28 May 2009 04:39:03 +0000</pubDate>
		<dc:creator>Gary Teh</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[black swan]]></category>
		<category><![CDATA[cater to all needs]]></category>
		<category><![CDATA[monopoly]]></category>
		<category><![CDATA[Morten Lund]]></category>
		<category><![CDATA[Nyhedsavisen]]></category>
		<category><![CDATA[skype]]></category>
		<category><![CDATA[the long tail]]></category>
		<category><![CDATA[Uncertainty]]></category>

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		<description><![CDATA[How not to fail as terribly as you might by being as pessimistic as possible while accessing opportunities, and then going with faith and God for guidance.]]></description>
			<content:encoded><![CDATA[<p>I was going through the <a href="http://thelongtail.com/">blog </a>by Chris Anderson the author of the <a href="http://thelongtail.com/">long tail </a>in that blog he was commenting on the recent crash of one of the new comer Newspaper companies <a id="z6g413" href="http://borsen.dk/arkiv/FOBO/donr?donr%5B%5D=3067233">Nyhedsavisen</a> to the iceland market owned by Skype Investor Morten Lund.</p>
<p>What previously was a perfectly planned attempt at out competiting all other newspaper  companies in Iceland through an extreme price war strategy exploded in the face. A black swan (unknown unknown) was not accounted for. Morten Lund was blinded sided. Who would have known that the economic recession would hit the world end of 2008, thus affecting advertising revenue of all newspaper companies and causing the <a id="z6g413" href="http://borsen.dk/arkiv/FOBO/donr?donr%5B%5D=3067233">Nyhedsavisen</a> to scrap bottom in terms of its cash flow.</p>
<p>What followed thereafter was a whole series of attempts by Morten Lund to dissolve the company in exchange for enough funds to pay off his debtors and employees. He will be down for a while I think before he comes back up into the radar again.</p>
<p>This scenario does sound familiar. After having read the book that cousin Johson recommended me, I seem to see Black Swans everywhere and also the Grey Swans. More than that I have experienced first hand how a business model when not structured properly to mitigate the risk of potential negative black swans could blow up in your face in a very terrible way.</p>
<p>Lesson learned: Always be extremely pessimistic when trashing out a business model. Always think of the worst case scenario that could happen. Once done, with your very best effort mitigate your risk and expose yourself to as much positive Black Swans as possible. Thereafter go with faith and have God for guidance.</p>
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		<title>A new game</title>
		<link>http://blog.name1price.com/2009/05/a-new-game/</link>
		<comments>http://blog.name1price.com/2009/05/a-new-game/#comments</comments>
		<pubDate>Sun, 17 May 2009 03:21:03 +0000</pubDate>
		<dc:creator>Gary Teh</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[air balloon]]></category>
		<category><![CDATA[gaming]]></category>
		<category><![CDATA[I like]]></category>
		<category><![CDATA[monopoly]]></category>
		<category><![CDATA[World on a shoe string]]></category>

		<guid isPermaLink="false">http://blog.name1price.com/?p=15</guid>
		<description><![CDATA[Recently I got commissioned to write a new game. The original version was supposed to be a hybrid form of the traditional monopoly game. However to avoid copyright problems we decided to tweak it. Hence the resulting board was a world map instead of a squarish shape group of grids in the old monopoly. 
It [...]]]></description>
			<content:encoded><![CDATA[<p>Recently I got commissioned to write a new game. The original version was supposed to be a hybrid form of the traditional monopoly game. However to avoid copyright problems we decided to tweak it. Hence the resulting board was a world map instead of a squarish shape group of grids in the old monopoly. </p>
<p>It was very enjoyable writing that game as half the routes one it were ones I ever took while travelling. The mode of transport was quite interesting too. You could go by foot, car, train, ships and airballons from one city to another. The first 4 I have ever tried, the last one not as yet. I am damned looking forward to trying that one out one of these days. </p>
<p>Just in case you might want to try it out you could go to where this game is currently resided. <a href="http://fortune.name1price.com">fortune.name1price.com</a>. It takes a while to load as it is quite big and complex.</p>
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