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Backup strategy

11 Feb 2011

A couple of days ago My MacBook Pro refused to boot, or even play the Apple boot chime, so I decided to start being paranoid about backups again. I used to have an external hard drive with a bootable copy of my drives, but I somehow lost the power adapter for it. External hard drive prices being what they are, I decided to buy a hard drive dock and just go with raw drives now. ($89.99 for 2 TB is cheap!)

For backups, I now do:

At some point I should rent a safe deposit box and put one of the SuperDuper! drives in there.

With the cheap storage solution that the hard drive dock provides—if I can live with swapping drives back and forth—I should probably be more of a packrat. I keep a local copy of many of the financial datasets I use for research, which means I have to update them when new versions are available. When these updates occur, old data tends to change in unpredictable and annoying ways. One particularly bad incident was when the CRSP “Survivor-Bias-Free” Mutual Fund Database switched data providers from Morningstar to Lipper, dropping a lot of funds and introducing new survivorship biases. My plan is now to buy a bunch of 2 TB disks and keep a copy of every version I have access to so I won’t be affected if something like this happens.