The goal is not wealth, but a niche.
The goal is to never retire, never leave the stage, and always be center stage.
First published 2023-10-12 06:59:44
Category: Money Notes
The Time Cost of Capital
This is about the time value of money—a crucial concept. Recognize that money has a time cost.
The time value of mon…
Labor returns are hard to beat capital returns globally.
Once capital returns fall below labor returns, countries are willing to offer higher rates of return to attract capital, drawing capital inflows. This is what we call an emerging market.
First published 2023-10-11 07:52:08
What You See May Not Reflect Reality (It Could Be Incomplete)
Just like how much institutions predict it will do in the market doesn't directly determine whether you make money.
An…
Value and Price: No Immediate Match, but Inevitable Convergence #ReadingNotes
Price often lags behind value.
People pay us to invest, transferring uncertainty’s pain to us and receiving certain hope in return
When tackling a difficult project, you should make your boss or sponsor believe in it even more than you do. Once they …
RMB replacing USD is a trend
But this process is long and winding. Currently, it’s only replacing settlement ratios in a small subset of niche circles. The US dollar’s dominance lies in global investment business settlements, and compared to that, the gap between the renminbi and the US dollar is still 80–100 times.
This information leads to different investment decisions. It’s like knowing a house’s price will drop — a decline over three years versus thirty years results in entirely different decisions.
Why Buy Core-Asset Brand Properties for Investment?
What does "core brand" mean? Does it refer to a well-known brand? No, it refers to the cities where the developer opera…