Book review: "Diary of a hedge fund manager" by Keith McCullough

Keith McCullough and Richard Blake wrote this book in 2011: "Diary of a Hedge Fund Manager: From the Top, to the Bottom, and Back Again". Keith McCullough was also the author of the mcmmacro blog (already discontinued in 2008). This book has nothing to do with Information Security. At least it does not have a explicit link. Why do I post this review then? Let's summarise it in telegraphic bullet points:

- Being a hedge fund manager is tough. The author mentions how starting work at 4 am was nothing extraordinary. Time required on a daily basis to follow companies and feel markets' sentiment is huge. Information security displays the same trait.

- The book uses the professional sports world (more specifically, hockey) as an analogy. In both fields, required efforts and focus and existing competition are comparable. Also applicable to Infosec? I think so.

- The mantra in hedge funding: Liquidity, transparency (well, actually the authors claim that during the first decade of this Century it was insufficient) and returns (on each and every single quarter!).

- This book also suggests a higher degree of self-involvement in personal financial investment strategies. I would also suggest the same for personal Information Security strategies.

- Short-term performance, during those early years of hedge funding, was given more priority than to adherence to principles. How is the Information Security field in this respect?

Please share your comment


Happy reading!

Expertise comes with time



Book highlights: The Sleep Revolution by Arianna Huffington

This time I share with my readers the main reading points of the book titled "The Sleep Revolution" by the famous entrepreneur Arianna Huffington, currently leading thriveglobal, probably the site to visit to keep yourself in balance.
 
Disclaimer: as always, a very personal and biased collection of thoughts extracted from the book. This collection by no means aims to replace the reading of this book.

These are some of the aspects I would like to highlight, especially to the Information Security community professionals, so that they do not waste themselves, either by working or worrying, into sleepless nights.:

Main takeaways

- Women need some more sleep than men.
- Lack of sleep produces overweight and heart attacks.
- Sleep is currently an underrated health habit. It is a side of life that should be as important as our awake time.

- People in key jobs such as drivers, pilots, doctors run higher risks when they are not well rested.
- Sleep changed from being a social and looked after event to being a despised need. Now there are changing times.
- Sleep is for the brain to be healthy. During sleep, the brain cleans itself from toxic proteins.
- Poor sleep transforms into poor memory.
- Sleep is key in the complex task of understanding our lives.
- Sleep on it: A smart way to learn and decide.

Sleep phases

0. Beta waves in the brain during our awake time.
1. Light sleep (starting to decrease our temperature and heart rhythm.
2. Deeper sleep (temperature drop)
3. Slow high amplitude delta wave sleep (if we wake up there, we feel disoriented)
4. REM (rapid eye movements), body rates increase again (blood pressure, temperature, movement). it is when we do most of our dreaming activity. REM sleep takes us offline.

The later dreams occur during the night, the more bizarre they are.
Normally we go through 3 to 4 sleep loops during a night.

Sleep and health

- Required to avoid illness and also required to recover from illness.
- Self control requires mental energy. Sleep gives us energy.
- From Freud to Jung: dreams are an internal experience, a possibility to learn and to link with our spirituality.

Programming dreams

- Dreams are essential for learning and memory.
- You can try to program your dreams first by writing them down right after having slept and subsequently by thinking on what to dream just before going to bed. Certainly without any digital device.
- Nice piece of advice: Keep a dreams diary.
- Dream incubation example: In which area of life would you like to receive guidance?
- Dreams regulate our experience, our emotions and our memories.
- Dreams contribute to emotional intelligence.
- Dreams reset the emotional compass.
- Innovations come also from dreams.
- Dream about an exam and you will score higher.
- Sports people practice this to get a better performance.

The best meditation is sleep

- Take deliberate actions to improve your sleep.
- Meditation and sleep are friends.
- Simple relaxation technique to try to sleep: Inhale with 4 counts, hold with 7 counts and exhale with sound on 8 counts.
- Use breathing to slow down yourself.
- Another simple relaxation technique: The half-smile relaxation.
- Try to find serenity through a picture, some music, the memory of a place.
- Bringing thoughts of kindness and gratitude certainly help: Think of the opportunites to help people that you used.
- Create a gratitude list.
- All this always via baby steps.
- A 30-min nap can reverse the hormonal impact of a night of poor sleep.
- We need more stillness in our lives.

Before going to bed
- No sugar, no alcohol, no big meals.
- Interesting thought: We will all die, thinking about this fact will let you distinguish what is important.
- Assertive statement "to practice death is to practice freedom".
- Use a mind-dump to-do list before going to bed to release you from those worries and... tomorrow will be another day.



The sleep house





Book highlights: The Filter Bubble by Eli Pariser

This time I write about a book by Eli Pariser first appeared in 2011. It title points to its main content: The filter bubble. How the new personalized web is changing what we read and how we think.

As it were real future-telling, the author, already in 2011, prepares the reader to understand the perils of web personalization and its potential consequences. Now, in 2017, those consequences have materialised.

Let's remember that an interesting part of Information Security is Personal Data Privacy (it that still exists!).


As always, little disclaimer, this collection of learning points do not replace the reading of the book and they constitute a very personal list of items. Let's start:

- The arrival of personalised Internet search by Google in 2009 contributed to make the user of that search a real product rather than a customer.

- The delivery of personalised search results creates, for each of us, a personal bubble in which we will live on. This is great in terms of confirming our interests, however this is not so great in terms of isolating each of us within our own bubble and system of beliefs.

- Different point but also worth highligthing: Asymmetry in email. The cost of sending an email is orders of magnitude lower than the cost of receiving and reading an email (in terms of human time devoted to it). This is the main reason why email spam exists.

- Facebook focuses on relationships among people and Google on relationships in data.
- Facebook focuses on what you share, Google on what you click.
- Both aim the same final objective: User (product) lock-in.

- The author also talks about user behaviour as a commodity and how some companies monetise that e.g. acxiom.

- Interesting fact: Google News was created as an initially easy way to curate news after 9/11.

- A fact: More voices means less trust in a given voice.
- In the US in 2011 people watch TV on average 36 hours per week.
- Definition of TV: Unobjectionable entertainment.

- The key to keep audiences happy: Creating content in response to their likes.
- Personalised filters affect the way we think and learn.
- We tend to convert papers with lots and lots of data into "likely to be true".
- Information itself wants to be reduced to a simple statement.

- The more expert you are in a topic, the more reality-bias you have and the less successfully you will predict.

- Consuming information that conforms to our ideas is super easy. That is why we do it.
- The filter bubble shows us things, but it also hides other things to us and we are not as compelled to learn about new things if we do not know about them.

- It is important to be able to do what you would like to do but also to know what is possible to do.
- For the time being, Internet personalisation does not capture the difference between your work self and your play self.
- There is a difference between that we watch and what we should watch.
- Profiling gives companies the ability to circumvent your rational decision making.
- Personalisation still does not distinguish signal to noise.
- If our best moments are often the most unpredictable ones, what will happen to us if our bubble is fully predictable?
- The bottomline: In the book the author mentions that we do not know the effects of this filter bubble. However, six years after its publication, we can see its real consequences in terms of fake news and isolation.

- The existence of the cloud. Personal data in the cloud, outside your computer, is much easier to search than info on your computer.
- Statement extracted from the book (published in 2011): "Personalised outreach gives better bang for the political buck".

- In the post-materialism era we buy things to express our identity, not because we need the item we buy.

- The personalised bubble make getting people from a community to make better collective decisions more difficult.

- Peter Thiel, American entrepreneur, e.g. Paypal founder, states that "freedom and democracy are no longer compatible".

- Engineers resists the idea that their work has moral or political consequences.

- Small pieces of advice: Delete our browser history every now and then. And if you dare, your cookies ;-) Use the incognito tab in your browser.

- Be aware of the power of default e.g. by default when you open the browser you do not land on the incognito tab.

- The author states that there are also possibilities to improve using this technology if companies are transparent in explaining how their filters work and how they use our data.

- Corporate responsibility is required, and probably also a kind of oversight.

- Personal data should be considered a personal property.

Too much to think about in only one post!
Happy reading!



Hello to a new world



Book highlights: Willpower: Rediscovering the Greatest Human Strength by Roy Baumeister and John Tierney

This book about Willpower by Roy Baumeister and John Tierney is worth reading it to prepare the next term, especially when the to-do list is long and the leisure temptations are formidable.

In a super concise nutshell, and never replacing its reading, the points I highlight for those Information Security experts following this blog already for years are the following:

- A monthly plan is much more effective than a daily plan. Days go differently as planned but months give you the time you need to achieve your goals.
- Short-term targets need to be anchored to long-term targets, otherwise they are very dangerous.
- Our will power requires energy. More specifically, it requires glucose in our brain.
- Decision taking also requires energy. If you have no energy, do not take decisions that time.
- We can train our will power. Start with baby steps, right as I recommend in my IT Security Management book.
- Being part of a community with goals similar to ours always help to grow will power. The opposite is unfortunately also true.
- When you prepare your to-do lists, fine grain your complex goals into manageable activities.
- Proposal: Work with bi-weekly or monthly plans and revise them.
- For parents: Make your children participate in the creation of the family's plans and their plans (and even yours).
- If you are tired, do not decide or get exposed to tempting situations. Maybe the most important learning point of this book.

Happy will power!

The sky is the limit

Book Review: Site Reliability Engineering. How Google runs production systems

Intro
The following points come from a book by many Googleans and related colleagues such as Betsy Beyer, Chris Jones, Jennifer Petoff and Niall Richard Murphy title "Site Reliability Engineering: How Google runs productions systems".

Disclaimer
Disclaimer: As always, in every book review I have posted, these reviews are just invitations to read the book. Not a replacement!

Rationale
"Traditionally system developers ended their task once we threw their creation into production". This brought only trouble both to the final customers and to the staff in charge of providing the service.

Objective
This book is basically Google's attempt to revamp the role of system administrator and operator in production. To place it at the same level system developers were and are.

How?
No magic solution, just common smart sense i.e. giving system admins in prod the possibility to improve the system themselves, to automate and to scale. The authors confirm that their proposal is a specific DevOps way.

Automation
From manual steps to externally maintained automation, both system specific and generic, then to internal automation and finally autonomy.
Reliability
How do they define reliability: "Probability that a system performs a function with no failure under stated conditions for a period of time". An outage for the SRE, when planned, is a change to improve the system, to innovate.

Service reliability hierarchy
Bottom-up: Monitoring, incident response, post-mortem/root cause analysis, testing and release procedures, capacity planning, development and product.

"Hope is not a valid strategy"
70% of outages come from changes in a live system.

Monitoring
Monitoring software should do the interpretation and humans be notified via alerts, tickets or logging (according to the criticality). No email alerts, use a dashboard with flashy colours. Nowadays monitoring is more a collection of time series (more powerful than only SNMP) i.e. a sequence of values and timestamps. The data source for automated evaluating rules.

Black box monitoring (how is the user experience?) and white box (monitoring system internals).

This way we reduce the MTTF (mean time to failure) and the MTTR (mean time to repair).

Latency vs throughput
System engineers need to understand what is best for their system, the smart mix between latency (how long) and throughput (how many). Think about cost vs projected increase in revenue. Key point: Aim for the right Service Level Objective. Do not overachieve. Over-achievement in terms of availability prevents you from innovating and improving the system.

Avoid toil
Manual, repetitive work needs to be automated. Monitoring data not being used is a candidate for renewal. Blending together too many results is complex. In a 10 to 12 SRE team, 1 or 2 people are devoted to monitoring.


Release engineering
Includes also config management at the beginning of the product lifecycle. Frequent releases result in fewer changes in between versions. Distinguish between inherent complexity and accidental complexity and avoid the latter.
In software, less is more (and more expensive). Versioning APIs is a good idea.

Incident management teams
Multi-sites teams incur in a communication overhead. How do you know the team is in the sweet spot? When handling an incident takes 6 hours, including root cause analysis and post-mortem. Prefer the rational, focused and cognitive (procedure-based) process rather than the intuitive, fast and automated. Provide clear escalation paths and follow a blameless postmortem culture. Use an incident management web based tool.

Avoid operational overhead. If there are too many alers, give the pager back to the initial developer. Prepare for outages, drill it, test the what if...?  Team members should be on-call at least once or twice per quarter.

Separation of duties in incident management: ops (rotating roles among teams and time zones), communication and planning.


Testing
Testing is continuous. Testing reduces uncertainty and reliability decreases in each change. Include configuration tests.


Team size
It should not scale directly with service growth.


Best practices
Fail safely. Make progressive rollouts. Define your error/bug budget. Follow the monitoring principles (hierarchy), make post-mortems and include capacity planning.


Latency
Look not only at mean latency but also at distribution of latencies. Prevent server overload by means of built-in graceful degradation.


Availability
Leader election requires a reformulation of the distributed asynchronous consensus problem. It cannot be solved using heartbeats (but rather replicated state machines). A byzantine failure is e.g. an incorrect message due to a bug or a malicious activity.


Production readiness review
An early involvement is desired. SRE can only work with frameworks to scale. Data integrity is the means, data availability is the goal. 

 
Rocky landscape
Happy reliable reading!
Interested in the mindmap of it? Here you are part 1.


And part 2.