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Cake day: January 22nd, 2024

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  • It sounds paradoxical but a lot of the things we were taught and developed presumptions of from our parents become obsolete. For example, while thrifting never becomes obsolete, simply working hard and saving alone are not enough anymore to enjoy life, buy a house, raise a family and then retire comfortably. This is something that older generations don’t grasp on the frustrations of today’s young adults. This is why it’s important to either have side hustles, or do investing if they can-- anything to supplement the traditional means of income.

    The world constantly changes at an exponential rate, but the human mind isn’t evolved to deal with such rapid pace. While some but not all traditional knowledge becomes obsolete, the human capacity to adapt doesn’t.







  • That’s why one should not trust billionaires who make noises about changing the world for the better. It is merely to stoke their egos. I’m not even religious anymore but I still remember being taught that it is better to share the success without bragging about it. There are genuinely good rich folks, but they don’t brag about how nice they are. Chuck Feeney, the billionaire founder of Duty Free, quietly donated the majority of his wealth by the time he died. He was left with $2 million after the donations and was renting an apartment in New York. There is also a millionaire who built houses for the homeless. But I would say that the “good ones” are far and few.

    However, the darker side of trying to “be rich and be quiet about it” are some billionaires donating to regressive causes. I think I don’t need to mention the Koch brothers and Murdochs. Being the “power behind the throne” is more effective way to actually wield power. That’s why I don’t think ridding Trump will solve anything unless there is a more robust system to prevent money in politics being put ever again.











  • Truth of the matter is that predicting and determining when the stock market crashes or if a recession already happened is hard. Saying definitively “there were warning signs and I should have sold my shares” is hindsight bias. When COVID happened, everyone thought that a recession will occur and pulled out their investments. The COVID-induced recession didn’t happen and we have come with a better economy than before thanks to good handling of the economy by governments across the world. Those who sold their investments have to re-buy their shares but it is now at higher price than when they previously bought, and they missed out on potential higher profit had they stayed.

    Of course, the world is not black and white and not all circumstances are the same. It is always a case by case basis and there are variables always at play. We came out well after COVID because we know that we definitely had a good leadership back then. But with economy under Trump, there is a higher chance of recession happening for obvious reasons, not just with AI bubble burst. In that case, it is still bad idea to sell all your shares because you would have to re-buy them at now premium price, but you could diversify your investments to safer countries or sectors in preparation for the high likelihood of a market crash. I have divested from US stocks and bought more European and Japanese ones, and invested in energy sector because it is more resilient even during economic troubles. I might have to rethink about my US healthcare stocks, however.