What I have Learned Today [2015/4/13]

1. In investing luck is very important. Things that should happen do not happen and things should happen do happen. Please listen to Howard Mark's insightful talk at Google.

2. Mushroom roots can be used to bind wood, decreasing the usage of formaldehyde.

3. YouTube has great praise songs :D

4. Marijuana is being marketed for old and sick dogs. Did you hear that Snoop?

5.Jesus obeyed his parents despite being Son of God. I realized that I should be more humble and wise. Jesus could have just made a lot miracles and proclaimed Himself as the Son of God yet He came to the lowest place to serve us and to die for our sins. We all really be more humble and serving, loving our neighbor with all our hearts :D


*From Floating Forest

What to do with pot money

Colorado has collected so much money from marijuana sales tax that it may have to give some money back! See link below http://mic.com/articles/109764/marijuana-is-making-colorado-so-much-money-the-state-has-to-give-some-back

Wow! This does not happen often and here is the one million dollar question.

What should we do with the excess tax revenue?

1. Give back to the tax payers. This makes sense given that the individuals know what is best for them and therefore would use the money most wisely. Classical economics.

2. Use for public goods such as schooling. This proposition makes sense but given that governments are not so good at using  money effectively, well, we will hope for the best.

3. Pay down debt. Colorado has an estimated $57 debt and an interest rate of about 4%. Although the interest payment is low, it may be a good idea to pay down debt. States can run on debt for a long time (e.g. California) but as good financial advisors suggests pay down debt first because interest  compounds quickly.

Overall, it is great that Colorado has extra revenues and I hope that they use that money wisely :D