Saturday, April 11, 2015

What I have learned today [2015/4/11]

 
1. According to Nicholas Megalis, one of the most popular vine artists, vines take a lot of effort to make and many do not even see the light of day....I thought that vines where just simply made and posted but it turns out that it requires tremendous effort and creativity. Say good bye to living off simply shooting short videos and expecting to live off vine.

2. Small cap premium may not be so strong. Damodaran discusses how the small capital premium is not as big or robust as it seems. Yet investors and analysts are slow to abandon the idea due to mmm....inertia and bias. Well, more trading opportunities for me :D


3. According to a human resource survey, Tuesday is the most productive day. Monday, you have the Monday effect and likely to have bunch of meetings. Tuesdays, you can really do work. Wednesday, you can still do work. Thursday and Friday? Well, weekend is just around the corner so...

4. An email is a binding contract. I guess it is written and get verified so...better be more careful with email.

5. According to a survey by UBS, wealthy clients thinks that an individual has to have at least $5 million and $1 million in cash to be "wealthy." I think five million is enough for you to lead a comfortable life even if some disastrous event happens. Assuming a conservative 3% return on your wealth, you make $150,000 which is enough for a decent life. Also, one million cold cash can be either used for emergency or to make killing when there is blood on the streets (e.g. financial crisis).


*From Snapshot Serengeti

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