Key To Success Is To Find A Secret, And Then Capitalize On It

"The key to success is to find a secret" - when I read this pithy point of view, I resonate whole-heartedly. It's not the prosaic admonition we heard along growing up that you have to be hard - working, be persistent, be disciplined etc. to achieve success. No, the actual secret is to find a … Continue reading Key To Success Is To Find A Secret, And Then Capitalize On It

Views From David Einhorn, Nassim Taleb, And Jim Rogers Regarding Quantitative Easing Are Opposed to Ray Dalio and Warren Buffet

The 2007-2011 unprecedented financial crisis finally has been gone for ten years now - a fair amount of time for us to make some wise judgment in terms of who was right who was wrong. Mentioning "beautiful deleveraging" numerous times in his new book - The Great Debt Crisis-, Ray Dalio clearly demonstrated his view … Continue reading Views From David Einhorn, Nassim Taleb, And Jim Rogers Regarding Quantitative Easing Are Opposed to Ray Dalio and Warren Buffet

How The Economic Machine Works – Learn from Ray Dalio_Archetypal Template

This blog is to reiterate the key message from Ray Dalio's new book A Template For Understanding Big Debt Crisis. The causal - effect is that "lending naturally creates self-reinforcing upward movements that eventually reverse to create self-reinforcing downward movements that must reverse in turn." "Managing debt crises is all about spreading out the pain of the … Continue reading How The Economic Machine Works – Learn from Ray Dalio_Archetypal Template

How The Economic Machine Works – Learn from Ray Dalio_US 1928-1937

80 years ago, the famous "great depression" occurred in the U.S. It took ten full years to recover, however, the stages it went through is same as the crisis in 2008. The early signal displayed in 1927 is : Then in 1928,  Ray Dalio wrote that "the Fed started to tighten monetary policy. From February … Continue reading How The Economic Machine Works – Learn from Ray Dalio_US 1928-1937

How The Economic Machine Works – Learn from Ray Dalio_US 2007-2011

To understand this most recent crisis, let's depict the major parts of the story first. home prices: home sales: "Borrowers and lenders had severe asset/liability mismatches, which left them especially vulnerable in a downturn. This is a classic ingredient of a severe debt crisis. Most commonly these mismatches come in the following forms: 1) Borrowing short-term and lending … Continue reading How The Economic Machine Works – Learn from Ray Dalio_US 2007-2011

How The Economic Machine Works – Learn from Ray Dalio

Watching this video narrated by Ray Dalio himself,  I feel I agree with and understand his point of view completely. I especially appreciate how he explained the function of Central Bank and the Federal Reserve,  the concept of credit, and the flaws of human nature, therefore the interference/management of the Federal Reserve together with the … Continue reading How The Economic Machine Works – Learn from Ray Dalio

Time Management – from Xiaolai Li

The best way to manage time is not managing, but to be aware of the goal and work patiently toward that goal. Be sure of the "doing" is directing to the goal, everyday a little bit, a little bit, patiently, the future is optimal. 心智力量的不同,使不同的人面对相同的境遇,做出不同的解释,得到不同的结论,最后产生截然相反的选择。想想看,不同的选择之后,这些人之间的时间质量有着怎样的天地之差? 如何运用心智的力量在尽管还没有机会亲身体会的情况下,仅凭心智就可以像真实经历过一样 深刻体会? 所有学习上的成功,都只靠两件事:策略和坚持,而坚持本身就应该是最重要的策略之一。坚持,其实就是重复,而重复,说到底就是时间的投入,我是说,大量的时间投入。 智商和思考能力好像并不完全关联。 0. 要热爱考试,因为你喜欢通行证。 1. 分辨考试的重要性。 2. 提前很久开始准备重要的考试。 … Continue reading Time Management – from Xiaolai Li