Philosophy: What A Beautiful Thing You Are

Definitely A Standard: Silver - Copper - Iron Maybe?

When Front, Behind, Left, Right are all the same

And success.

When "Store of Value" function is served by Goodwill

Then purchasing power parity changes amazingly for better quality life.

School Education Not Good Enough To Keep The Best Leader

Something about the school education is making them not good enough to keep the best leader.


This is to do with the leader's ability to think much ahead of current education himself and making it true.

Two Professors - Two Bright Minds

As someone who has done a masters degree in one of the top economics departments of England, I have ben privileged to have had some very good professors in their fields. One was my maths professor Melvyn Coles and the other was Econometrics professor Jim Richmond. Both were exceptionally bright people who have left nothing but admiration. Econometrics turned into a subject of highest enjoyment despite heavy maths - geometry content like matrixes and a subject like differential equations turned into fun to study with Professor Coles.

Happy Birthday Elvis Presley

Tomorrow is Elvis Presley's birthday. As one of the few people who will always live in hearts and will always be remembered, happy birthday to you.

The Best Answer to Strikes Given By a Pedestrian

"I have got a work to do for Gods sake"

APT

APT was my MSs dissertation topic. There is a wide literature on it. Most methods used
are advanced level of statistics.

The stocks used for empirical data did not have the Beta coefficients, which is the correlation between the movement in share price and market. Normally in UK, those would be calculated by professors in universities like LBS.

The idea was that; find the beta coefficient of each stock, by using cross sectional regressions and then insert these into time series regressions as another independent variable (one of the risk factors affecting the return on the share price). Then try to understand the affect of each risk factor on the return.

It is a topic, which I believe is going to be a dominant theory in the next decade considering the fact that there is no "risk - free" concept.

Parabol

A parabol is very useful for analyzing minimization subject; apply it to anything from micro to milimicro; it can help you to find the minimum point after which the curve moves upwards.

On a curve it is not possible to find one point only so you need to have the tangent line through derivatives, which will give you the minimum. Think about y= xsquare + 2x + 1; the derivative will be 2x + 2 = 0 and the curve will be minimized at the point where it meets the tangent, which will be for x = -1.