rigel

Nah, not that worthy for your time.

[rig3l]

Reflection Paper on the Big Short movie

I will honestly tell you that I do not have really idea on what is going on on the movie. Yeah, you know I am a Computer Science student and I guess only Accountants or Banking people will really love the movie. But , I guess computer science is really involve on that movie, its just vey vague to me. However, as the movie goes by I slowly understand what is going on, why did they have this problem and would their predictions happen?

"The world banking is extremely boring" - Jared Vennett

Yeah, definitely because you are facing hundreds of papers, analyzing returns and scanning to thousands of accounts trying to check if there is something wrong. People will just insert money to their accounts and withdraw and literally that is how banking works, saving and protecting our money. But, the image of banking is very different in the movie.

So, the movie goes by, and they have found out a certain plan that change their banking world. It was Lewis Ranieri who invented a plan for mortgage-backed securities to ensure bigger profits with lower risks because that time everyone is paying their mortgages. But, their happiness is splashed out with a great dismay and problem when global financial crisis hit in 2008. But, before this scene, a small group of people have predicted this coming and bankers even if the market are not prepared for this. Banks have refused their ideas, plans and deals. There plans did not work out well. Now, it is a big slap to the people who ignore their prediction. A prediction that the market and the economy will collapsed and because many people are dependent to it, dependent to the earn and live, many people lost their jobs, lost their homes, eaten by hunger and live poorly. Trillions of money turned into ashes. The spin of the wheel damages millions of lives. Drenched in pain of loss and burned hopes. I was worried that time about their situation in the movie because they are trying to solve a national crisis. The small group of people in the movie especially Michael Burry, tried to investigate this problem and they have found out that bonds are not going down and that the whole system is fraudulent. The whole system is dishonest, luring out the people to bite and slipped. I guess an example to this is the subprime loans that Maggie Robbie define as a shit that adds more mortgages to their plans. That is what I have inferred about that people nowadays pull down other people by giving such clever choices to earn from them. People are suffering from debts and they will add other loans and another debts again. Debts will never pay debts. So, that is it they are now suffering devastation because indeed that the market which is like a bubble burst out.

The prediction that became a devastation change the investors and people's life. What do you think the reason why this happened? For me, I guess it is the lack of maintaning a foundation of data science. Yes, because we are talking money here and banking is under it. This is also where I have realized how data science and big data management is very important in finance or banking. For the reason that, for me, managing millions of accounts and release and returns of money really need a foundation of big statistical analysis that will reveal certain patterns and algorithms to be used to cure or solve the diseases of our economy's suffering. As our economy and market suffers a problem, we are infected of it too because we are dependent to our economy especially today where there are rapid sends and receives of data anywhere. One of the example is the emerging trends in technology where banking enters our daily life in technology where we can buy and pay anywhere we wanted to, like in malls, paying online, online shopping and a lot more. That is why banking have less problem in managing data today. Unlike before like what Jared Vennett and Michael Burry did in scanning the clients that they found out having fewer returns. However, to think that I will be engaging this life in the future, I really need to understand these things well because being bounded by technology opens you to hundreds of opportunities that maybe sometime hard to face and finish.

In the end, the characters in the movie move back to their lives and live like before but at this time they are more prone to suffer the poor life because of what happened. But, as seen in the movie, in 2015, the bigger banks are begin on selling that marks the start of the hope of their banking world. I guess they have solved it because of the amazing power of data science. Still Michael Burry is on wait to reveal the causes on how did he predict the happening.

Money has been part of our lives for the reason that the need of buying our needs getting higher. The need of investing is getting great today. I realized in the movie that our money must be used, saved and spend properly. Secure and know first if your money will be safe and will circulate when you invest it to certain bank or system. We also need to pay our debts with the banks, market and government because maybe our money are used to save others life or to save the community of our problem and it must be circulated in order to balance the economy. The Big Short movie is just the introduction of the greater world of banking and it warns that we must have a fair and acceptable system that no one must be tramped. I don't today if they are concern with the problems of the people refarding with poverty. I hope that people will realize how valuable money is and why it must be spend to good things not just good but also useful things that is vital to human living. Saved money to be saved.

[rig3l]

Doc.Zone.Deluged.By.Data.720p.HDTV.x264.AAC.MVGroup.org - video dailymotion

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Are you deluged by data? A Reflection Paper

   In today’s era of technology, the trend of using gadgets is expanding, the use of social media sites is increasing, and the absorption of the new technologies is escalating. The intensifying result of this rapid change is the multiplying numbers of data we created and absorb. But, the risk of having the bad data habit of some individual might increase. As revealed in the video, some of the people are really deluged by data. The question is are you one of them? Are you infected?

   Yes, definitely, I am deluged by data, because since I engaged in the digital world, I was like trying to quench my thirst by being part of this era and being one of the people curious about what was this thing has or this century have. It was all started when I am in Grade 9, when my mom bought me my first android smartphone as a reward for my academic excellence. Since then I started to take a picture everywhere, every time and at every moment. I started to be engaged in such social media sites like Facebook and Twitter. But I am totally get addicted with Facebook. Aside of those, I obtain such a large number of data to suffice my wants and needs or in short, my thirst like downloading pictures of everything I imagine and wanted. As I remember, those are images from the Divergent movie and other beautiful girls I saw in the image’s sites. I am really sure that our school Wi-Fi plays a big role to this bad habit. The habit continues and increase in the higher years especially when I reached Grade 10. Where most of our activities and moments happened is captured and recorded. From quizzes, performance, group pictures, group bonding, relationships, the school itself, awarding, people and many more are all captured. When higher years came, obsession in taking pictures and downloading media takes a slow improvement. Maybe, this is because of my education focus motive and new lifestyle. Senior High School years to me is projects and school performance focused because of the need of time and heavy tasks. Also, my phone got broken because it falls to a hard surface ground and needed to be fixed to be used again and I am actually defining this as the main reasons why I made my bad habits rarely. After that scene, my focus shifted to the usage of Facebook where I honestly revealed that I get addicted with.

   I really feel and understand **torontoluck **of her habit in taking pictures time by time. Also, I get hooked with what Digital Organizer Daina Makinson said that “the more photos you have, the harder they are to find.” She is totally right I experience this when my teacher asks me to send her the photos happened on the day we have the activity and unfortunately it has months passed, and I have thousands of photos to scroll and look at it each by each. But, of all those bad digital habits I’m glad that I did not fail with my subjects but just get have a hard time in complying each.

     As I remembered, infobesity is also known as Information Overload and as what the people experience in the video, yes, I have suffered with it. Now, I am working on it to manage the information I have absorbed.

     It started in my recent years in high school, but not that worst as the people in the video have experienced, when I am hunger with knowledge just to satisfy people’s expectation. I studied a lot of things, I read a lot of books and information and I watched lots of informative videos. Because of my eagerness to gain knowledge, I never noticed that I am spending my whole time with it, I sleep every 1 AM in the morning and skipped some of my meals. Even my mom scolded me about it. After a week of doing it, I felt confused and always distracted of the things I always say, and I have observed it like what happened to me during my reporting in class, I am reading my visual aid, but I can’t explain it well and I get stammered even if I am not used to it. So, then I conclude that I may have an Information Overload where my brain can’t process and absorb the information because it is simultaneous, no breaks, and as a result confusion eaten me with sleepless nights.

     Speaking in technology, I guess just last month, I experience information overload in my Gmail account when I subscribe to more than a hundred of pages and channels which result to a bunch of emails, I received every day. The worst here is I get a hard time in finding the emails of my teacher to me and the important emails as well. So, after my task and projects I decided to clean my Gmail and unsubscribe to most of the sites, pages and channels.

     I am really sure that I need a digital diet. A way of consuming the technology in a healthy way. I need to be wise now and be smarter to face this struggle and disconnect with the bad data habit. I need to take and absorb these technologies in a healthy way where I cannot harm myself, my relationship with my family and friends, and my good habits. I need also to lessen this engagement in technologies and social media sites. Actually, I am doing it a long time ago but in a gradual way to slowly absorb the change by my body. I lessen the time I spend with Facebook and Online games. I am more with bonding with friends, family and even my pets, which is one of my stress relievers. Everything really works fine and well. Just disconnect to reconnect with myself totally.

Speaking of disconnecting, yes this is what I really want, I’m sure, and I gradually do it now. Of course, when you disconnect with your devices, you will feel the real happiness and life, you will feel the nature and you will feel yourself by not measuring your heartbeat or mood but by letting them flow in your body and do what it wants.

     Disconnecting with your devices in today’s era of technology and rapid spread of information is totally hard. You may go into process and actions that your body might have a hard time in absorbing it. As I watched the last part of the video, I truly see people’s true happiness and others still experiencing Phantom Phone Syndrome. I really love the idea of the Camp Grounded Summer Camp, and I hope we have here in the Philippines, because they are teaching the adults to put away their gadgets and to reconnect in real life. Also, the Digital Decontamination where they are removing the gadgets in the hands of the adults. The whole set-up of the Camp Grounded is really fit to the people nowadays, from the simple jobs likes using typewriter to feel the mistakes, Human Search where sharing of knowledge of everyone, and just enjoy disconnecting. Also, part of their goal is to teach them to feel and bond with friends, live life simple, love moments not the material things and most importantly Disconnect to Reconnect, reconnect with yourself.

[rig3l]

I sometimes achieved what I want but I sometimes lose the other.