Reading Time: < 1 minute (Update) Two miners survived after 14 days of Sichuan earthquake. My inspiration. (Original) You may notice I have not updated my blog as frequently as usual, one reason is I am busying preparing for the CFA level I exam this Saturday. Although the outcome of the test is far too early, let me offer some
Reading Time: 2 minutes It seems there is lots of confusion about Berkshire (NYSE:BRK.A, BRK.B) options (paper) loss in its Q1 earning report, especially among individual investors. First, let me quote Buffett’s take on those options in his recent annual shareholder letter (link to letters): “The second category of contracts involves various put options we have sold on four
Reading Time: < 1 minute I printed out the CFA exam admission ticket yesterday, the test will be hold on June 7. Still got to read up the economics (my least favorite topic). So far I have read “financial management and statement analysis”, “quatitive methods”, “equity analysis and portfolio management”, and I’ve almost completed the “Options and derivatives”. Another thing
Reading Time: 2 minutes The Coca Cola stock vs. Starbucks stock In last 10 years (Mar 6 1998 to today Feb 28 2008), according Google Finance, SBUX went up from 4.93 to 18.78 (+280%, split adjusted, SBUX has not paid any dividend). That’s about 14% price appreciation annually. On the other hand, KO went from 68.66 to 59.56 (-14.44%).
Reading Time: < 1 minute Study for CFA Not just for the passing of the test, or the certificate, but also to learn the knowledge, which is more important for me. Actually as I read the quantatitive fundmental, I can connect the dots with my portfolio performance. Very practical stuff. Blogging It’s likely I will reduce the number of posts
Reading Time: < 1 minute I was reading the cash flow statement of CROX Q3 2007 10-Q. One thing caught my attention is the “Excess tax benefit on share-based compensation”, about $38.6 m for first 9 months of 2007, plus the “Exercise of stock options” $ 14 m., the total “Cash provided by financing activities” is $ 52 m, compared
Reading Time: < 1 minute I decided to go for the June 2008 CFA level one test, due to several reasons: 1) Learning: I am interested in learning more about finance, since it is not practical for me to enroll a formal academic program, nor do I have the discipline stick to my own study plan. Enrolling in CFA exam
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