Aloysius Chan's Blog

Review: You won't go wrong reading this book regardless how long ago was it, the habits basically apply to anyone at any era at at continent. Rated: 9.5/10 Common human challenges Fear and insecurity “I want it now” Blame and victimism Hopelessness Lack of life balance “What’s in it for me?” The hunger to be understood Conflict and differences Personal stagnation Body Mind Heart Spirit Effective habits = knowledge (what to, why to) + skills (how to) + desire (want to) Emotional bank deposit Understanding the individual Attending to the little things Keeping commitments Clarifying expectations Showing personal integrity Apologising sincerely when you make a withdrawal The law of love and the law of life Habit 1: be proactive Highly proactive people recognise responsibility and they do not blame circumstances, conditions or conditioning for their behaviour Reactive (I can’t) vs. proactive (I choose) Circle of concern circling Circle of influence, ...

Review: This book provides a sense of why you should explore investment options than putting money in the bank as they practically does the same thing with fees. Rated: 8/10 Finance provides 4 vital services: Safe custody: wealth storage Payments system Intermediation between lenders and borrowers: adequate cash Reducing risk: venture funds are widely spreaded If managing a fund too small, eventually the fund will depreciate due to fee management Institutional investors improvement strategies Looking in the mirror: self performance assessment 2-way communication: more transparent for investors DIY fiduciary duty: improved regulation Pay for performance Benchmarks: with national bodies Regulation should make markets work better Problems with atomized approached in regulation Assumes every part of a system is well designed, a chain is as strong as its weakest link Models for future measurement are not accurate Only regulate at entity level Too much responsibilit...

Review: covers most of the modern times emerging economics factors with a little pinch of biases, besides identifying the factors it contains possible opportunities to engage too. Rated: 8/10. Ancient Greeks tattooed messages into their envoy and wait for hair to grow back before sending them away Purchasing power parity (ppp): real economic value under real-world exchange rate that is adjusted GDP Genuine progress indicator (GPI): alternative view on economy health Barriers to trade Tariffs Quotas Subsidies Opium war was due to trade war and HK was a strategic port More immigrant = more demand for local services Triffin dilemma: conflict of economic interests that arises between short-term domestic and long-term international objectives for countries whose currencies serve as global reserve currencies Robots are going to replace d jobs Dull Dirty Dangerous Delicate Money laundering Placement: finding a bank that will believe you earned the money legally Struc...