Wednesday, April 22, 2015

What I have learned today [2015/4/21]


1. You can clean dirty carpets with thick salt. Rub it hard and the dust will come off.

2. Coffee with butter may be good for you? The argument is that butter and caffeine work well together and makes you super energetic.Putting on my to do list :p

3. Mr. Womack was a rice farmer and hog raiser who never lost money in market for 40 years. He invested in undervalued solid companies when markets were crashing. The principle is solid but implementing is quite difficult. Now we face more competition from smarter investors and screaming undervalued firms are rare. Also, it is really hard to define what is a solid company. A company may seem great for one person but look quite risky to another. So in sum, Mr. Womack's lessons are important but hard to implement...

4. Very soon machines will replace a substantial number of  minimum wage workers...

5. Wow...did not know that restaurant profit margin was about 4%. According to a journalist estimate, 36% goes to labor, 30% for food, and 30% for other operational costs...

6. America's population is aging fast, meaning senior residential properties will be good investments. I also predict that adult diapers will be a good investment. You can already buy them in bulk in Costco.

7. Matching data is trickier than you think :p Randomly  looking data does not imply randomness....




*From Penguin Watch

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