Monday, June 01, 2009

Friday, April 10, 2009

Quote of the day

"I do respect very much the elephant, but would you give him the chair of zoology?"
~ Harvard professor Roman Jakobson objecting to Vladimir Nabokov's bid for chairmanship of the Russian literature department.

Sunday, April 05, 2009

Quote of the day 2

"The quesiton is not "how has Bolshevism changed Russia?" but " how has Russia changed Bolshevism? "

~ George Kennan

Quote of the day: Old French Saying

"Cet animal est tres mechant; quand on l'attaque, il se defend."
~ An old French Saying
Translation: "What a wicked animal; when attacked, he defends himself."

Causation and Correlation

Wednesday, February 18, 2009

Quote of the day

"Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof."

~John Kenneth Galbraith

Tuesday, January 06, 2009

Quote of the day

"Анхны хайрын тухай бодол адуунаас унтаж хоцорсон цагаан унага шиг сэтгэлийн манан дундуур янцгаан давхиж айсуй"

~ Ж. Лхагва

なんと響き美しいモンゴル語だ。

Friday, November 07, 2008

Obama

The greater the expectation, the more profound the disappointment.

Monday, November 03, 2008

Japanese Stock Market

James Surowiecki argues that

You can, if you’d like, argue that having companies reject the idea of shareholder value is not a bad thing from the perspective of society. But it’s undeniably a bad thing from the perspective of investors.



I agree with him that unless Japanese companies start to cater to shareholder, the stock price seems likely to continue to fall. I also think it is not necessarily bad thing. Inflated stock price is not good for economy in the the long run.

Tuesday, October 28, 2008

Quote of the day

"During the past decade, Americans have lost the sense of fear, right or wrong, honor, shame, etc.... what is left is a sense of optimism which is based on ignorant".

anonymous investor

Monday, October 20, 2008

Dow 5000

Prediction, as Yogi Berra says, is dangerous especially about the future. But it seems like that Dow Jones is likely on its path to 5000.

Saturday, October 11, 2008

Quote of the day

"Don’t part with your illusions; when they are gone, you may still exist, but you have ceased to live."

Mark Twain

Saturday, September 13, 2008

Quote of the day

"It is through exchange that difference becomes a blessing, not a curse".
Chief Rabbi of Great Britain, Jonathan Sacks

Monday, May 12, 2008

Quote of the day

"Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved."
~ Helen Keller

Friday, May 09, 2008

Quote of the day

"Шүлэг шигээ та сайхан байгаагүй"

Ичинхорлоо

Monday, May 05, 2008

Aнод банкны IPO

Анод банк IPO хийхээр болжээ. Сонирхолтой нь тэднийх андэррайтэр ашиглалгүйгээр дуудлага худалдаагаар зарах юм байна. This is not a common practice. As far as I know the only major company that went public through the use of auction is Google. Өөр бас чухам ямар дүрэмээр дуудлага худалдаагаа явуулах тухай мэдээлэл, мөн Анодыг нийтэд нь яаж үнэлсэн, PER гэх мэт мэдээлэл одоогоор тэдний сайт дээр алга. Эдгээр мэдээлэлгүйгээр хөрөнгө оруулагчид сохроор тэдний хувьцааг худалдан авах болов уу даа. Тэдгээр мэдээлэлээ удахгүй зарлах биз дээ гэж найдъя.

Wednesday, April 30, 2008

Quote of the day

"I don't know, I never tried"
~ Charlier Munger (asked if he could play the piano)