China's
president is selected by the handful of party members. It is like a CEO
controlled by the board in most large public companies in the USA. The
difference is the term for China's presidents.
When we are still
arguing who's on top on the high-speed rail, China has built a huge
network from nothing. Remember China was almost the last country to use
steam locomotives and they could not build a reliable bicycle in the
50s. A lot of policies here are argued not for the merits but for which
party the ideas are originated.
Most Chinese presidents are
engineers and most of ours are lawyers which have more crooks (disguised as lawyers) than most
other professions. I rest my case.
Wednesday, June 3, 2015
Politicians, take notes
Politicians and prostitutes are the oldest professions. Guess which one has higher social standing? Yes, you're right.
http://bit.ly/1vHsW29
http://bit.ly/1vHsW29
Observe local custom?
Can a
foreign country do business in China without bribery? The short answer
is 'No'. The political answer is "Fine with personal connections". Now,
the suppressing of bribery leads to some deterioration in some sectors
such as gambling, golfing, restaurants...
Compared to India, it is not bad. As Einstein said, everything is relative.
Compared to India, it is not bad. As Einstein said, everything is relative.
Bribery, American style
We have our own bribery. To have more examples:
- When one party gets power, many government employees in DC area are let go. It is expensive to break in all these new employees to replace them. Do not worry as they all get jobs with companies they gave favor to and set up examples for the new employees.
- Do you think the children of the presidents and x-presidents get those good-paid jobs for their own merits? They take jobs from those who are more qualified.
The list is endless and guess who pay for those costly campaigns. Are we corrupt and claim we're not? If so, we're the hypocrites.
We should not expect others to follow our custom and belief. Respect and trust is a two-way street
- When one party gets power, many government employees in DC area are let go. It is expensive to break in all these new employees to replace them. Do not worry as they all get jobs with companies they gave favor to and set up examples for the new employees.
- Do you think the children of the presidents and x-presidents get those good-paid jobs for their own merits? They take jobs from those who are more qualified.
The list is endless and guess who pay for those costly campaigns. Are we corrupt and claim we're not? If so, we're the hypocrites.
We should not expect others to follow our custom and belief. Respect and trust is a two-way street
Bribery
Bribery is defined = Man with money + Man with power
Joke on Bill. PG 14.
http://bit.ly/1AzQOm2
Joke on Jack. PG 25.
http://bit.ly/1AzQMuu
Joke on Buffett. PG 80.
http://bit.ly/1DK0m0N
Joke on Bill. PG 14.
http://bit.ly/1AzQOm2
Joke on Jack. PG 25.
http://bit.ly/1AzQMuu
Joke on Buffett. PG 80.
http://bit.ly/1DK0m0N
Indonesia
Indonesia
will suffer more if they do not mend fences with China. I have the stock
PME, the only loser in my China portfolio of about 9. Most rivers in
China are polluted and Chinese depend on deep-sea fishing. Currently,
there is a dispute between Indonesia and China in fishing territory.
Indonesia is #4 in population from my memory. It has a lot of natural resources but a lot of natural disasters. Chinese immigrants help the economy (the same as in most countries in SE Asia). However, the historical discrimination against the Chinese do not fare well. The poor governance hammers the economy.
Are you looking for a gift to a college graduates? My new book "How to be a billionaire" could be a perfect gift and it keeps on gifting. For a limited time, all royalties go to the victims in Nepal
Indonesia is #4 in population from my memory. It has a lot of natural resources but a lot of natural disasters. Chinese immigrants help the economy (the same as in most countries in SE Asia). However, the historical discrimination against the Chinese do not fare well. The poor governance hammers the economy.
Are you looking for a gift to a college graduates? My new book "How to be a billionaire" could be a perfect gift and it keeps on gifting. For a limited time, all royalties go to the victims in Nepal
College or a trade school
Yes, trade
schools are better than colleges when you consider the rate of return.
However, you miss one or two important considerations.
1. It is the place to look for a spouse. A greasy lady (except in lady wrestling) does not sound too appealing to me and a lady chef could damage the family life.
2. Most if not all colleges do not teach their students how to manage finances. That's why most college kids max out their credits, not to mention the college loans (a conflict of interest?).
My book "How to be a billionaire" touches the saving part and not marrying a consumer-oriented spouse briefly (similar to our consumer-oriented government), but on how to invest by using simple market timing (average loss of a plunge is 45%) and how to buy the right ETFs to start.
The "billionaire" is attention catching, but saving 10 millions (in today's money for a graduate today to 65 is very doable
1. It is the place to look for a spouse. A greasy lady (except in lady wrestling) does not sound too appealing to me and a lady chef could damage the family life.
2. Most if not all colleges do not teach their students how to manage finances. That's why most college kids max out their credits, not to mention the college loans (a conflict of interest?).
My book "How to be a billionaire" touches the saving part and not marrying a consumer-oriented spouse briefly (similar to our consumer-oriented government), but on how to invest by using simple market timing (average loss of a plunge is 45%) and how to buy the right ETFs to start.
The "billionaire" is attention catching, but saving 10 millions (in today's money for a graduate today to 65 is very doable
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