Friday, August 1, 2014

Random comments on 7-29

* Argentina is an example of socialism. Now, they have nothing to give and die - when the host dies, the parasites die. Despite all its problems, capitalism does encourage folks to work hard.

* Russia miscalculated grossly the effects of stretching its muscle. Putin let his dumb nationalism cover his aging eyes. He must be counting less Euros with his filthy hands dripping in blood and crying to hell every night. He still is the richest person on earth from my rough estimate.

* Citi Bank will invest more in Asia. There are 3 main sources of Asian money to me: 1. local folks (HK has more billionaires per capita), 2. money from Chinese corruption and 3. deposit from Chinese in SE Asia countries (less than decades ago); now Russian corporations expecting the freeze of their assets in Europe / USA.

* BP is the example to buy low (when they've a problem) and sell high. I did it wrong this time. Will add it to my books as a lesson. Will see how many profits for the missing opportunities such as JC Penny, BestBuy (I did buy) and Toyota.

* Chinese could be the last big country to chase after Microsoft. It should be done decades ago when they drove Word Perfect, 1-2-3 and many others to bankruptcy. I guess they're going to have a version of UNIX with their own Office or try to squeeze some milk from the big cash cow.

No comments:

Post a Comment