Category Archives: Uncategorized

Math And “The Third World”

One question I was always wondering is: Is Math simply a tool we use for calculations? Or it contains discoveries of something objective such as the Physics Laws we found about our world? On one hand, we did use Math … Continue reading

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From the “Chicken And Egg” Problem

Last night, my kid brought up the “chicken and egg” problem again: “Which one shows up first? Is it the chicken, or the egg? ¬†If you don’t have the chicken, how can you have the eggs? And if you don’t … Continue reading

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Do You Still Believe In “Santa”?

Like me, my son is a pretty naive one. At his 3rd grade, when all his classmates already knew Santa Claus is just a “lie” and told him so, he still believed in Santa. But with so many nay-sayers, he … Continue reading

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Why “Shareholder value” Is Often A Lie

“Shareholder” – The over-simplified Term We often hear that businesses are supposed to maximize shareholder value. It certainly sounds reasonable to beginners, but once you get to know more about stocks, you will find shareholders are rarely a single group … Continue reading

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The Economics Of Buying Your First Home

I have always told my friends that not everyone needs to learn advanced Math, but almost everyone should take two classes when they are in high school: Psychology and Finance. All our education, taking so many years, and getting so … Continue reading

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Liquidity and Ponzi Scheme

Every time, when I saw some news talking about how investors lost hundreds of billions of dollars because index dropped 3% in a day, I can’t stop thinking that this kind of news is designed to get attention of the … Continue reading

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The Double-Agency Problem In Investing

In investment, the “agency problem” is commonly known, which refers to the fact that the management of a company usually acts on their own interests, at the shareholders’¬†expense. There many examples of such problems: 1. Expensive Acquisitions. Among all the … Continue reading

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