Monday, December 31, 2007
我想要的2008
Wednesday, December 26, 2007
How many places I have been in China
Saturday, December 15, 2007
亲爱的GRD II
机身经典的设计保留很好。显示屏大了些,也更明亮了。Power键按下后会发光,漂亮。模式出现了MY1, MY2,以后可以更多用个性化的设置了。闪光手动弹出,相当好,对GRD的用户来说,越多可以手动控制机器的选项越好。
Sunday, December 2, 2007
和谐
- 我们是全球第三大经济体,我们有12000亿美元外汇储备
- 按市值计算,全球前十大公司中有五家是中国公司
- 我们有世界顶级的豪华建筑和极致的装潢
- 我们有世界唯一的商业磁旋浮
- 我们的商场有世界最大的LED天幕
- 我们有世界最好、最宏伟的zf大楼
- 我们有一大批先富起来的人,是全球第三大奢侈品消费国家,占全球销售额的12%, 仅次于日本41%和美国17%的市场份额
- 我们将来有全球最大的市场,目前中国国内居民消费占GDP比重不到40%,发达国家是65%,拥有20%世界人口的中国占世界消费总量只有3%,增长的空间非常广阔。
一个国家经历了文革、改革开放、市场化、全球化,中国愈发强大了,不过再细看,我们有:
- 摩天大楼下就是里弄棚戸, 有不肯搬迁的刁民
- 商业化的高校,剥夺农村孩子受教育的权力
- 同样商业化的医疗体系
- 大量的弱势群体,不光是活人,死去的烈士也得不到安息(官员、商人可以串通直接把烈士陵墓铲平)。
这一切相安无事,表面平静,这就是今天的中国。一方面我们觉得中国似乎无比强大,大国崛起令人兴奋。但是实际上中国及其脆弱,矛盾众多。
全球化下,我们是血汗工厂、垃圾顷到场和目标市场,经济模式所造成的巨大的资源和环境代价以及国家形象和质量信心危机就不用说了。单单看看人民生活就知道社会的脆弱。今天去超市买菜,发现食品价格真的是很贵,这个低收入阶层的感受会非常明显。在通货膨胀时期,如果生活必需品的价格上涨过快,其他方面的花费不得不能省就省了。我们总说要扩大内需,其实在CPI 6.5%并且人民普遍预期通货膨胀持续的情况下,大家不得不紧巴巴的过日子,大头都花费在住房上了。土地说是全民的资源,但是zf把土地很便宜的征用,然后加价出售给开发商,房子盖出来再轮番包装和炒做、卖出天价,结果就是全民、包括经济逐渐被房地产绑架,zf赚了钱,开发商更占据富豪榜的显著位置,国民财富向少数阶层集中。然而集中的财富又不能有效对兼租房、教育、医疗投入,返还不到民众,最后就是全体人民来买单。BusinessWeek最近一期封面文章是"Can China be fixed?"作者的答案是"No",他认为如果没有根本的政治体制改革的话,不会有大的变化只会有小的改进。文章提出些不太实际的建议,比如 get the party officials out of business,party official wealth reporting policy等。我们自己知道很多事都属于中国国情,而且事情还不能深究,免得最后就究到政治体制上了,这是绝对的禁忌。 明白人知道和谐只是少数上层权势阶级的。大众呢,弱势群体呢?我看不到。所谓和谐,这个命题也只有在中国才有。一切留给历史吧,我还是相信中国总会有好的国运。
Sunday, November 25, 2007
08北京的夏天注定hot
清澈的眼睛
最看不惯瞧不起我们的工人、农民、少数民族的人。
说我们的人民愚昧、素质低,以为自己生来高人一等的人都TM操蛋,典型的装B。如果不是因为人为的障碍,社会的不公平,谁高谁低还说不定呢。
对我来说,很多勤劳、善良的贫苦之人有最清澈的眼睛,某些所谓的高等人士不过是些蒙蔽心灵和眼睛的人。
all photos are from web.
Saturday, November 24, 2007
CD will be meomeries
What I will buy is a music player with big storage to put all my media in it, and can edit playlists to playback whatever I want it to play, it can be a standalone mini machine or has a HDMI sort of connection to amplifyer.
Such players are already out there by companies such as Phillips. The music industry is already changed significantly for yrs, some companies are introducing new generations of music players to meet changing needs of consumers and record business. Currently they are not perfect, they are still too thick, storage is just 40GB, and MP3 quality is only up to 160kps, etc.
I am not replacing my JVC EX-A10 in short time, I still listen to CD at home and listen to Iphone/Ipod outside.
Saturday, November 17, 2007
Sunday, November 4, 2007
Investment strategy
Maybe I was lucky, but I think there are two things for sure, firstly, safety is top priority, lose money is inevitable in the market, but always earn more than lose. Second, China's stock market is far from mature and so dynamic, so it is very important to review the influencing factors, market trend periodically and formulate the most effective strategy for each stage.
Overall objective: at least beat inflation over time and try to outperform average market performance. (means at least over 10% return annually). I follow the below strategies currently.
1. Never invest in a zero-sum market, such as gambling, it is a mathematical certainty that you will go broke. Most markets are positive-sum game including the stock market. Investment is to rent capital to market who can make more effective use of it, this adds more value to excess capital and can help beating the inflation over time. 2. Reading about a 'hot stock' in Wall Street analyst's buy recommedation won't bring above average return on the stock. Because everyone else has access to the same information. This is the essence of the efficiency markets theory. The effecient market theory says that asset prices already reflect all available information. According to Morningstar, only 30% of actively managed funds have performed better than the S&P 500 over the past five years, and only 15% of such funds have done so over the past two decades. The simple index fund, our morden equivalent of a monkey throwing a towel at the stock page, did better. And behavioral economics, did not beat the traditional effecient market theory. 3. By point 2, I did not mean reviewing company fundamentals useless. In fact, not every one in market is so effective or the big fishes in market is doing something else to maximize the utilization of capital, I am competiting with them, and moreover, only understand the true value of the company, I won't buy any stock not worth its value. Buy low, sell high is the principle everybody knows, thus I need to find out what's undervalued (it's better that WSJ analysts didn't promote it recently) and the efficiency markets theory will do the rest, the value will be capitalized sooner or later, as long as valuation model is correct and industry/company fundamentals remain strong, the only risk is time cost of capital might be very high. 4. After picking stocks, at least reviewing its quarterly report. I once made a mistake, I picked two stocks and at the begining made good profit, then the price went to the downward trend and finally I lost all the profit and had to sold them out. The lesson is to track the fundamentally on timely basis so don't miss critical information so as to make more informed investment desicion. All information I can get is public, but as said ealier, it is possible to outperform institutional investors and ordinary investors. Comparably, insitituonal investors move slower than me, I react more responsively to market change. Compare to personal investors, because the mass population is in market now, I certainly make more rational decisions than many people. 5. Take risks, earn reward. It's not a shame the stock I pick actually fall, because it's the thing I can't predict matter. As stock prices settle at a fair price given everything that we know or can reasonably predict, prices will rise or fall in the future only in response to unanticipated events-things that we cannot know in the present.Nothing is impossible in the market, remember the magic words: Enron, Enron, Enron. I don't keep money in stock all the time, grasp limited opportunities in each year is enough to reach my objective. 6. Save, invest, repeat. The gain from market is the rent I can command from financial market. Thus, if I have diversified portfolio (significantly lower the risk of serious losses without lowering the expected return) and invest for the long turn (I am certainly sure stocks is much higher in 25 yrs time than it is today, day trading incurs all the costs of trading without any of the benefits that come from holding equities for the long run), I will make profit. Furthermore, It is not realistic to expect the market always being a crazy bull, consistently beat the index is already a mirable. Remember Buffet, his annual average return is about 20%, after lasting for several decades, he is the richest guy in the world. There is no need to be impatient, what matters is to find out the best investment strategy working for myself and stick to it. I expect the rest of 07 will be a fluatuating market, returns will not jusify risks. But I am optimistic about 08, there should be a significant opportunity before Olympics ends. Just watch it closely and looking for best timing to enter again.Tuesday, October 30, 2007
GRD II is coming, I will have my third GRD soon.
Tuesday, October 23, 2007
Monday, October 22, 2007
Stay Hungry. Stay Foolish
Love Apple
According to WSJ, Apple's profit climbed 67%, fueled by growth in its Macintosh computer business and momentum in the new iPhone. Apple's share price also reached historical high at $ 174.36.
In my opinion, Apple will contines to grow fast in the foresable future. I have bought 3 ipod, the ipod video 80G, the ipod shuffle and the iphone. And I am pretty much impressed by Mac OS 10.5, the Lepoard, system and plan to replace my sony VAIO with MacbookPro later and probably also buy a Macintosh desktop system as well.
Saturday, October 20, 2007
The Congress
The 17th xxx Conference just finished. Overall it is exciting, as expected, the leader re-emphasized the importance to develop economy and clearly pointed out key areas to ensure social harmony and sustainable growth. I am happy with the sucess of the conference and wish the local gv. can implemente central gv. policies.
However there is also something not that "harmonous"
1. The construction ministry head said "we should carefull analyze if there is bubble in cn's housing market". Look at the readers' comments, many are angry or desperate. It indicates that the gv is in fact have no clear objective of controlling market. (CN's gv will never hesitate to interven anything in China). I think now it is more or less clearer now, that the gv's intention is NOT to drop the price but just cool down market so price doesn't go up too fast. I guess the housing price might go down for a short while, probably 10-30 percent in mid 08, and then go up again.
2. The vice president of China Securities Regulatory Commission said "they are analyzing the possibility to exchange H shares and A shares". This is very surpursing to me, I doubt when they make a policy, how much do they considered cn people's interest. It is totally give windfalls to overseas investors at the cost of mainland investors.
I really doubt when high position officials make public speech, do they only represent their own opinons or it reflect state policies. For sure, there are still so many inefficies of policy making and implementation. I am a little frustrated when reading such news.
Sunday, September 23, 2007
Blogger is back AGAIN
Thursday, August 23, 2007
Professor's life lesson
Monday, July 23, 2007
About Happiness
Friday, June 22, 2007
旅行的意义———王小慧
1995年我去意大利南部,只有几天时间,但对我一辈子都有影响。意大利南部很贫穷,但我看到人们在贫穷之中也生活得很快乐,由衷地快乐,无论是村妇还是 小贩,都可以轻松地享受爱情、友谊和简单的生活,也许他们每天只吃相同的西红柿酱面;一个退休老人也可以有他的女朋友,这个女人可能只是一个胖老太太,他 们一起在阳光下聊着天喝着苦咖啡,日子过得悠哉游哉,没见过愁眉苦脸的表情。相比起来德国人抱怨多得多。我忽然觉得我原先的生活太沉重了,老是在痛苦的漩 涡中打转。我觉得我们中国人的性格当中也有种亲近痛苦的倾向,欧洲不同地区的许多国家的人也有完全不同的性格,甚至在意大利北部都感受不到南部人的那种 “生活之轻”。我深深地被他们的乐观情绪所感染,突然发现旅行能带给我那么多乐趣,从此我爱上旅行。此后那五年时间几乎游历了大半个世界,四海为家浪迹天 涯这也是另一种自由,我经常说我要追求我没有的东西,我有的是这种自由,没有的是自己的家庭和孩子。如果我要去苦苦追求不可能有的东西那就是不智慧。有时 候放弃了就能得到更多。当时觉得失去了很多,经过一段时间后想法会改变,世上没有一成不变的东西。
一本值得一读的书,尽管读者评论褒贬不 一,我到觉得她对内心感觉的描写很真实。人生就是一种态度,小慧不但书写了她的经历,还在视觉上表现了出来并且很有艺术感。其实看多了在技术上无可挑剔的 摄影作品,还是觉得看实质多于形式的片子有意思。摄影重在传递一些感觉,而很多时候表现实质的作品给人的感觉更微妙,感受更深刻。
Tuesday, May 22, 2007
Is this country going straight to hell?
Wednesday, April 25, 2007
I could be the one
Thursday, March 22, 2007
Two movies


The Terminal
I will wait…wait for my final destiny, wait for my love…
These are common attitues of love, they seem to be conflicting but can even exist in one person. The bottom line is follow our true hearts.
























