這個網誌人流非常少，引來留言的文章，在搜尋器的排名後得連我也找不到。唯一優秀之處，就是留言的朋友不乏有料之人。這樣的網誌也被你們找上門，實是我的榮幸呢。

對了，你們在中國內地的同業收五毛，香港的公價是多少？希望不會只得五毛吧......

你們的留言我不刪了，就當是立此存照吧。另外，也送首歌頌祖國兩大國寶的歌曲給你們聽，當是謝謝大駕光臨

跌市輸錢可以入稟停市，交易員歡呼"long live small traders, thank you lawyers.".....我還以為，這是大時代之類的電視劇才會發生的情節呢。

from AFP:

KUWAIT CITY (AFP) - Trading at the Kuwait Stock Exchange, the second largest Arab bourse, was halted Thursday following an unprecedented court order aimed at curbing the market’s slide and preventing massive losses among small investors.

“The administrative court ordered that trading be suspended immediately at the bourse until November 17 when the court will sit again to look into the issue,” said the ruling, a copy of which was obtained by AFP.

…
The court issued its ruling after a lawsuit filed by lawyer Adel Abdulhadi on behalf of an investor who claimed he had incurred heavy losses on the Kuwait market over the past few weeks.

…

Traders celebrated the decision with shouts of “long live small traders, thank you lawyer,” an AFP photographer said.

mac vs pc

mac vs pc vs linux

這裡所提到的技能和知識，我在中學時代幾乎完全沒有學過。如果能夠把這些融入中學課程中，對下一代的男生會是好事。只希望當學校制定教材的時候，不會把內容都變成了和學生生活脫節的八股文吧。

(閱讀全文)

我在想，能夠寫出這樣的辭職信的人，不知道在exit interview又會說些什麼？

p.s. 他的上司就是peanut butter manifesto的作者，最近也離開了yahoo的brad garlinghouse。guess there's not much point sticking around trying to butter up stale bread.......

fish認為，這個廣告雖然非常精彩，但正因為廣告太過精彩，反而會令看得投入的觀眾，對家中「可憐」的汽車產生同情，對avis造成反效果。不過我就認為，將租車這個本來全不有趣的服務包裝為「無痛偷情」，從而differentiate its offerings in a commodotised market, 實在是神來之筆。就算hertz可供租用的汽車一模一樣也好，看過這個廣告的消費者，下次租車時，以為avis的汽車比較「正」、肯付出較高的價錢來享受一下「犯禁」的趣味。

希望星期五聽pitch時，有廣告公司的創作總監能夠向我提出類似的「神來之筆」吧......

look back 

three days

conference

"Sometimes it’s even instantaneous. Fall, break your hip, and add ten years. Do not pass Go, do not collect two hundred dollars. It’s easy to imagine two sixty-year-olds, friends all their lives. One looks older because he’s bald: no big deal. Ten years later, when they’re seventy, one has retired on disability and moved into a nursing home. The other is still C.E.O., has left his wife for a younger woman, and, in a concession to age, takes a month off each year to ski."

三四十年後，我和老友們，會變成這樣嗎？我會是ceo，還是在老人院中上網過日晨的老頭？

the pleasures of uninterrupted communication

我 承認，我很喜歡那種快要被email淹沒的感覺。 下機後看到數十個unread email時，我會覺得很滿足，也喜歡別人看到我在海外半夜回email時的反應。不過，我也明白manage the queue的重要。如果做不到這一點，就不能逢email必回啦 :-)

the new math

人 們常說private equity people是smartest guys in the room，但純粹論iq的話，他們和這篇文章中的hedgie相比應該還有一段距離。不過，這些人真的認為，statistical model可以推算金融市場運作和參與者的行為？雖然這種研究很有趣，但每次看到這樣的文章時，我只會想到ltcm.......

bill bryson - a short history of everything

老闆這陣子不斷向我介紹好書，完全不理會他好像不太好。其實這本書也蠻不錯的，只不過對著天才級數的老闆，萬一告訴他讀過，但又答不到他的問題就麻煩了......

INVESTMENT banker Greg Bundy is suing stockbroker Goldman Sachs JBWere for misleading and deceptive conduct over an abandoned agreement that he would buy shares at pre-set prices between last September and November this year.

The suit counters a February demand that Mr Bundy - a former chief executive of Goldman Sachs' rival, Merrill Lynch Australia, and now a director of stockbroking and financial planning company Tolhurst Group - pay Goldman Sachs $5.7 million.

According to documents filed in the Federal Court, Goldman Sachs says Mr Bundy defaulted on trading agreements it marketed as "Buy Below Market" transactions, or BBMs.

Mr Bundy claims Goldman Sachs told him before he began buying shares in Zinifex, BHP Billiton and AMP in September that he could "bring a BBM transaction to a premature end at his election". It was in breach of the misleading and deceptive conduct provisions of the Trade Practices Act, he alleges, by "stating what was at best a half-truth".

He says he would not have embarked on the trading without the assurance......

唔，涉及訴訟的交易合約，不就是香港有名的accumulator嗎？Greg Bundy不但不願找數，還要高盛賠償虧蝕金額？最有趣的是，Greg Bundy指高盛曾經承諾讓他可以隨時取消合約，而高盛代表律師在回答法官查詢時，就說高盛的辯護將會圍繞承諾是否有誤導性這一點，而不否認曾經作出承諾......

這個訴訟，最後應該會「庭外和解」，打個折頭找數了事。畢竟，如果訴訟成功、立了案例的話，其他虧大本的accumulator客戶都會一窩蜂地要求解約。只可惜香港沒有類似trade practices act的東西，否則一眾正被陰乾的accumulator客戶，就可能有法律途徑脫身了。

看過他的信後，你就會發現「股神」的投資理念其不難明白。以今年的信為例，他比較see's candy, flightsafety和民航業投資回報那一段，相信大部份懂英文、又對利息有點基本認識的人，都會明白他的意思。不過，明白和付諸實行，又是另一回事了。

畢老今年已經八十有四，離退休之年應該不遠了。未讀過畢老作品的朋友，赴還有這個機會，快點按下面的結看看吧。

http://www.berkshirehathaway.com/letters/2007ltr.pdf 

有見及此，澳洲Australian Football League(一種類似gaelic football的運動)，就為運動員們提供改善對女性態度的培訓班。為了讓球員有共鳴，培訓都以一些球員在生活上會遇到的情況為教材。

以下是教材中的部份scenario。你覺得你懂答這些問題嗎？ :-)

A player is called by his mate's girlfriend into her bedroom, as she thinks the player is her boyfriend. The player is asked: "Do you:

(a) go and hop into bed and pretend to be him or

(b) do you walk away?"

A player is with a girl who has had too much to drink. "Do you:

(a) get her some water,

(b) call her a taxi or

(c) take her back to your place for sex?"

A player's mate and his girlfriend are having sex. You can see them. Do you:

(a) watch or

(b) not watch?"

原文出自：http://www.news.com.au/story/0,23599,23250303-2,00.html