Saturday, May 16, 2009

Let the market be your guide

Hello everyone,
I'm writing this entry from the bed. The wife and I are sitting in our wonderful market creation, a tempurpedic adjustable bed, goes from bed to "couch" at the press of a button.

My wife is reading a book "Better: A surgeon's notes on performance." In it there is a passage about the number of soldiers in Iraq that were being blinded. So the govt. in all its infinite wisdom gave out a contract for special safety sunglasses (probably a no bid contract). Guess what happened??? Eye injuries did not go down. The soldiers thought the glasses were ugly and didn't wear them. "They look like something a Florida senior citizen would wear." The author continues, " So the military bowed to fashion and switched to cooler-looking Wiley-brand ballistic eyewear. The rate of eye injuries decreased markedly."

How many ex-soldiers are now blind because the market was not allowed to work. If there was a normal bidding process that involved the soldiers, the "cool" glasses would have won out. Soldier after soldier would have said, "I ain't wearing them ugly things." and hopefully the powers that be would have made the correct decision.

Another example of the state not being in touch with reality or the market....
There have been many stories of planes, trucks, and other motor vehicles crashing due to operator fatigue. The following are excerpts from an article on

"Her body basically said, 'I can't handle it,' " speculated Greg Feith, former NTSB air safety inspector. "I mean, we've all been there before and pulled an all-nighter. We know how that feels."

Shaw did not "reserve adequate time to travel from her home to her base in order to ensure she was properly rested and fit for duty."

With fatigue being a possible factor in the crash, the testimony at this week's NTSB hearings is reigniting industry concerns over pilot fatigue. Airline accidents caused by fatigue are listed on the "Most Wanted Transportation Safety Improvements" on the NTSB Web site.

The article then goes on to say that "While there is no way to tell if the pilot is rested when one steps onto a plane, there are Federal Aviation Administration guidelines on how many hours a pilot can work and how many hours he or she must rest."

That is simply not true. Are they even looking for a solution? Wouldn't it be in their best interest to actively search for and even fund start up companies that are working to solve this problem?

I am currently invested in a company that is working on and is close to a solution. (have your audio on)

Disclaimer: It's a sub penny stock at the moment and I'm down 80%. Yes, it's the same sub penny stock that the folks in the RPIC told me to sell about a year ago... Sane people sometimes make insane investment choices...

Here is a company that is very close to solving a major problem, but govt. officials are still saying that there is no way to tell if the pilot is rested.

The sad thing is that I will probably have a fatigue detection device in my car before the FAA even knows it exists.

I guess the only thing a passenger on a airplane can do is talk to the pilot when they get on the plane and make their own decision regarding his/her vigilance.

1 comment:

  1. Interesting-- I'd not seen these stories in the news.
    It's pretty fitting that the government contracted sunglasses were both less effective AND ugly!