Rainbow on FI

It's been a while since I have posted weekend brain food. I have been quite out of touch with investment theories and research as I was pretty caught up with work, sports and events.  This is an old draft... very old yes. My thoughts part is recent. Benjamin Graham vs. Jesse Livermore  - by A Wealth of Commonsense "In chapter 8, Graham introduces the story of Mr. Market as a way to illustrate the manic behavior of investors in the short-term. Chapter 20 covers the idea of margin of safety as a way to better understand risk management. Both chapters still hold up to this day despite the fact that the book was originally published in 1949." "You can still learn from legendary investors and traders. Market history can still help give you insights into potential risks. But markets change. Investors adapt. Rules are updated. Advantages slowly get arbitraged away . Strategies that outperformed in the past don’t work as well in the future once everyone knows about them. Th...

Inflation is when Pepper Lunch stops giving complimentary soup, Korean food stall stops giving complimentary kimchi side dish (or only for selective dishes), McChicken goes from $2 to $2.95 and to $3.25 and a 1-meat-2-vegs cai png now costs $6.50 (cos 三层肉 is a special dish @$3). 😩 My $6.50 cai png which tasted meh Paying more is the trade-off for convenience. Buying stuff to cook at home would be cheaper. However, for a single person meal, it seems a waste of time, water and electricity. Ok maybe meal prep is an alternative to consider. Food and medications are the main things that made me feel inflation is overboard as the price increases although little but are actually in double digit percentage relative to the original price. GST is going to hike to 9% next year, it's likely that we'll see another round of staples' price hike. Yikes! It's time to recalibrate my expectation on the prices of goods and services so that I won't feel so much pinch. It...