‘Something which cannot go on forever, won’t.’ – the late United States economist Herbert Stein, top economic adviser to both the Nixon and Ford administrations.
“When my wife Claire and I backpacked in Asia or Europe during our younger, budget-conscious days, it was the romance and intimacy we remembered and associated with our accommodations, no matter how humble. Surely, other people would also cherish such memories, even if they had more money? That was my starting hypothesis. So, with […]
January-4-2006 By Kaushal B. Majmudar, CFA We were fortunate to have an opportunity to hear Peter Lynch speak at an investment conference in New York about a year ago. Peter is, of course, the famed ex-manager of the Fidelity Magellan Fund. Under his stewardship, the Magellan Fund, which he ran from 1977 to 1990 grew […]
‘My parents had little to give to me in terms of starting me off in this world. We slept in a bedroom that could hold only one bed and that was for my parents. The four children slept on the floor. And that’s the way that we started out. But…I felt myself very rich, because […]
Today I’m going to Ma On Shan.
Derivatives Derivatives is a generic term used to describe futures, options, swaps and various other similar transactions. Apart from interest swaps, most derivative contracts are contracts for differences – the difference between the agreed future price of an asset on a future date and the actual market price on that date. Futures Contracts A futures […]
“Once you get home, nobody will be remotely interested in what you did or what you saw. Why should they be? All they’ll want to know is whether or not you ‘had a good time’, and your notion of a ‘good time’ is unlikely to be theirs. The best kind of traveller is a thief […]
The film starts out when the protagonist, a middle-aged man, reacts strongly when a young man sitting behind him taps his shoulder to ask him to keep his voice down while talking on the phone. “I don’t know you. You don’t know me. Why do you do this?” the infuriated bus rider says, punctuating the […]
Finance Asia Timothy Cuffe, 13 April 2006 Fancy owning your own bar? My father was never one to dispense advice lightly, but on the odd occasion that he allowed himself the extravagance he would put forward a gem. Aside from his sage counsel on marriage, his other chestnut was: “Son, if you are ever going […]