Reading Time: < 1 minute I usually have a weekly call with my parents. My mom knows I investing in stocks. On today’s call she suggested I touch less on stocks. I think this sums up the sentiment of Chinese stock market very well. After recent drop of the A share market, people are weary of what the goverment will
Reading Time: < 1 minute The AA 0288 flight from PVG to ORD yesterday was very much full. The airline offered $600 coupon if someone is willing to give up his/her seat, because the plane is overbooked. As usual I saw more American than Chinese, besides business people and college students, we saw a little girl played ballet in Shanghai,
Reading Time: < 1 minute This time I am not travelling alone 🙂 I spent past 3 months here in Shanghai, plus a few months I spent early this year, this year marks the longest time I stayed in China since 1997. I enjoyed my time (for the most part) here. At the same time I learned a lot things:
Reading Time: < 1 minute Copied from Zhuping’s blog: 一次，诺贝尔经济学获奖者数学家约翰·纳什参加一个数学年会，会间休息的时候，有人就给他出了一道数学题。有甲、乙两人分别从两个地点出发往中间走，这两个地点相距 20公里，甲、乙两人的速度都是每小时10公里。甲还带了一条狗，这条狗的速度是每小时30公里，它先是和甲一起出发向乙走，遇到乙后就折返向甲走，遇到甲后再折返向乙走，如此反复直到甲、乙在中间会合。现在问当甲、乙在中间会和时，狗走了多远。 Two people (guy A and guy B), who are 20 km away from each other, are walking toward each other, at 10 km per hour. There is a dog, which goes at 30 km per hour. She (the dog) started with the guy A first. Because she goes faster
Reading Time: < 1 minute It’s that season again. I saw people carrying around Moon cake bags, presumtably many got it from Danwei. That’s one good thing working in China, you got a lot freebies during holidays, that’s different from west. Can not imagine that companies in the US will give away Turkey coupon during Thanksgiving. Anyway I like the
Reading Time: < 1 minute Accoring to Seattle PI: “Up to 1.5 million daily giveaways will begin Oct. 2 and run through Nov. 7 at more than 10,000 company-owned and licensed U.S. stores, Starbucks said. When the promotion ends, Starbucks expects to have given away more than 50 million songs.” During the promotion, Starbucks will pick an artist each day
Reading Time: 2 minutes After I got some moderate success on OPSW and GE in early 2004. I got a bit excited. If I could use one word to summerize what I did my acitivies on stocks in those two years, it’s speculation. I did all kinds of speculations, luckily I did not get into really dangerous zone: margin,
Reading Time: 2 minutes First a little update about the Typhoon Wilpa. Shanghai did not take the direct hit, or use my now retired boss words “we dodged another bullet”, he was referring to his condo at Florida during Hurricane season. More importantly, Shanghai suffered minimal human loss because of comprehensive preparation before the storm. More than 290,000 people
Reading Time: < 1 minute The apartment we rent has experienced ownership change. The current owner can not resist the offer given by new owner (more than 15,000 Yuan per sqr meter), and she sold it. The apartment is about 20 years old, and near Zhongshan park. From my observations newer apartments (5 or 6 years old) in the area
Reading Time: < 1 minute I added some Chinese financial blog under “blogroll”. Two notables are Dan Bin (CEO of a private equity in Shenzhen), and Zhu Ping (Guangfa Fund manager, a graduate from Shanghai Univ. of Finance and Economics). Both are disciples of Buffett. Dan Bin bought a share of Berkshire so that he could attend the Berkshire annual
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