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Ricard

 
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  • Can They Spare A Penny A Click For International Coverage? [View instapost]
    My understanding of at least one criteria SA prioritizes for publishing is "actionable information". I believe if you can meet that key hurdle (which looks to be difficult for you at the moment), then they'd probably publish your articles, no sweat - your research looks like exactly what SA would want to publish on their website, good investments that are missing only the spotlight.
    Nov 13 09:22 PM | 4 Likes Like |Link to Comment
  • The Gold Standard Gets Another Look [View article]
    " Many consider the impossibility of running perpetual deficits under the gold standard as proof of its unsuitability to the modern economy. As I see it, this is precisely why the gold standard is so desirable and so badly needed today."

    As always, a sorely needed voice of reason from Peter Schiff, thanks again.
    Nov 13 03:46 PM | 2 Likes Like |Link to Comment
  • A Grand Bargain: 8 Factors That Could Drive A Surprise On The Deficit [View article]
    JS,

    I think you are making an excellent point with a very powerful analogy. However, instead of relegating this patient to life support, what I would say instead is that this patient is receiving an endless blood transfusion - endless because the wound has never been closed. The doctors on the table have been looking at this wound, at times opening it up to clean it and remove any blood clots (TBTF) and "foreign objects" (China) - these procedures would indeed cause more short term pain and hemorrhaging. Bernanke meanwhile has been applying a mix of morphine and plasma packets where appropriate.

    The hope is that now the wound is clean, whatever is still stuck in there is benign, and we can close the wound and stop the bleeding, i.e. strike that Grand Bargain. Throughout this time, the patient will more than likely still need a heavy dose of morphine for an extended period of time, long after the procedures on the operating table are finished.
    Nov 11 09:58 AM | Likes Like |Link to Comment
  • A Grand Bargain: 8 Factors That Could Drive A Surprise On The Deficit [View article]
    "DoD is widely regarded as the greatest waster of money in the Western world."

    Like the troubles at the USPS, this is a recent phenomenon. Bottom line, it has not failed to defend the borders in this country's 200+ year history - else this country would only be in the history books.
    Nov 8 05:14 PM | 4 Likes Like |Link to Comment
  • A Grand Bargain: 8 Factors That Could Drive A Surprise On The Deficit [View article]
    Nice comment, although in regards to government agencies, they are all non-profit, without additional capital to reinvest unless deemed appropriate by Congress.

    For every corporate success like Walmart, there are dozens of failures. By that standard the government's track record is not that bad, and they get it right where it counts (the military). I think that's one government agency that's gotten it "right" since day 1, and I think most people can agree that besides providing a representative administration, the military is THE CORE government function. If you're going to quibble about this, there are also plenty of eyesores for Walmart as well - all in all, both are American success stories, and the military is indeed a "government service".
    Nov 8 10:02 AM | 3 Likes Like |Link to Comment
  • A Grand Bargain: 8 Factors That Could Drive A Surprise On The Deficit [View article]
    I predict if this Grand Bargain is achieved, Bernanke will come in with enough morphine to make it relatively painless - based on his statements, he has been waiting for precisely this kind of legislation as a prerequisite for more forceful central bank action.

    Great read, thanks again.
    Nov 8 09:29 AM | 4 Likes Like |Link to Comment
  • China Techfaith: An Immensely Undervalued Stock Likely To Go Private [View article]
    Very interesting. The CEO's personal stake and the manner in which he acquired it is noteworthy. Thanks for the article.
    Nov 7 11:31 AM | Likes Like |Link to Comment
  • "Asian-Americans are the highest-income, best-educated and fastest-growing racial group in the United States," the Pew Research Center wrote in recent massive study. The WSJ discusses the rise of Asian-Americans in a weekend essay, saying that they "have become the immigrant group that most embodies the American promise of success driven by will and resolve." [View news story]
    Windsun33,

    From your article:

    "...far more black immigrant students had fathers with college or advanced degrees than did other black students."

    "...drawing an admissions distinction based on suffering under slavery is false. 'If you're going to make a slavery case, [black immigrants] from the Caribbean were also displaced and enslaved. How do you begin to differentiate?'"

    Perhaps this has nothing to do with the victim mentality. Perhaps this has nothing to do with race at all.
    Oct 30 02:47 PM | Likes Like |Link to Comment
  • "Asian-Americans are the highest-income, best-educated and fastest-growing racial group in the United States," the Pew Research Center wrote in recent massive study. The WSJ discusses the rise of Asian-Americans in a weekend essay, saying that they "have become the immigrant group that most embodies the American promise of success driven by will and resolve." [View news story]
    "The Left have ruined S.A. comment threads with their racism, bigotry and evil ways, similar to what they've done to our once great country."

    I think the politicizing of this issue, as you have so clearly done in your comment, will serve to ruin any notion of constructive dialogue if allowed to continue.
    Oct 29 11:41 AM | 1 Like Like |Link to Comment
  • "Asian-Americans are the highest-income, best-educated and fastest-growing racial group in the United States," the Pew Research Center wrote in recent massive study. The WSJ discusses the rise of Asian-Americans in a weekend essay, saying that they "have become the immigrant group that most embodies the American promise of success driven by will and resolve." [View news story]
    DV,

    Your definition of racism is too narrow - it only takes into account the pejorative definition:

    http://bit.ly/SsqEOp
    http://bit.ly/VyOAhz

    Both of these links also define racism as
    2. Discrimination or prejudice based on race.

    Prejudice can be either positive or negative, accurate or inaccurate; the key is that some sort of preconceived notion is reached based on the singular quality of race rather than a more holistic set of criteria.

    Everything in the WSJ article fits this definition of racism, as does the figures I cited for Cal admissions, as did your set of statistics. Personally I don't think there is anything wrong with this kind of racism as long as it is recognized as such and that any conclusions drawn from them will be of limited use - where racism is usually condemned is when it shows clear signs of the pejorative definition you cited in your link:
    1. a person who believes in racism, the doctrine that a certain human race is superior to any or all others.
    Oct 29 10:53 AM | Likes Like |Link to Comment
  • "Asian-Americans are the highest-income, best-educated and fastest-growing racial group in the United States," the Pew Research Center wrote in recent massive study. The WSJ discusses the rise of Asian-Americans in a weekend essay, saying that they "have become the immigrant group that most embodies the American promise of success driven by will and resolve." [View news story]
    " America has to be one of the most racist countries on earth. Everything is about color and nationality."

    Well, America is unique in that because of the relatively open borders, you actually HAVE the most races and ethnic groups within one country's borders. Many countries don't seem racist because their population is largely homogeneous - Japan is usually seen as an archetype for this attitude, but this attitude is prevalent across Europe as well. Unlike Japan and Europe,America has to deal with whatever consequences arise from its heterogeneous population.

    Also, what DV posted is not much different than what the WSJ article was about. When you post statistics that highlight differences in races and ethnic groups in various categories, you are by definition being racist (i.e., drawing distinctions based on race). However I think whether or not this particular form of racism is offensive or discriminatory depends on how the data is being used - is it being used in a constructive manner or not?

    This whole thread seems to be about getting to the bottom of why one particular race/ethnic group was able to outperform others - the question at hand is if and/or why race is a factor for achieving success. That seems rather constructive to me - the entire point of these kind of statistics is to learn from successful groups and samples so that we do achieve homogeneity with a heterogeneous population, i.e. make race irrelevant => eliminate racism.
    Oct 29 12:15 AM | 1 Like Like |Link to Comment
  • "Asian-Americans are the highest-income, best-educated and fastest-growing racial group in the United States," the Pew Research Center wrote in recent massive study. The WSJ discusses the rise of Asian-Americans in a weekend essay, saying that they "have become the immigrant group that most embodies the American promise of success driven by will and resolve." [View news story]
    JT,

    That's an interesting and thoughtful perspective.

    One perspective I have from my studies is that I believe what is going on in Asia today is very similar to what went on in Europe around the time of Marco Polo. In both scenarios (Marco Polo's Europe and Asia today), you have one side marveling at the accomplishments of the other. Importantly, there is and was enough of a geographical divide that made forced assimilation extremely difficult to achieve for either party. Therefore, in Marco Polo's Europe, you had an insatiable hunger and drive resultant from contact from Asia that fueled the discovery and exploitation of the New World - in Asia today, you have an insatiable hunger and drive resultant from contact with the West that is currently fueling the discovery and exploitation of the Digital World. Personally, I foresee a similar shift in relative power, one which will become painfully evident to the West when the combined economies of Asia begin to dwarf those of Europe and N. America - this will occur if/when Asia begins to approach one quarter the per capita living standard of the West -- it is a extremely likely possibility given the demographics.

    In my studies, some of my professors lectured that China (which at the time was the largest and arguably the most advanced economy in the world) actually discovered the New World hundreds of years before Columbus through the Bering strait, but due to unknown reasons all records were burned (which of course then makes you wonder how we know about it). Similarly today, we maintain a sizable technological advantage and are at the forefront of exploring the digital frontier, but through similarly inexplicable prejudices and arrogance are ceding this advantage at a frightening pace.

    I found this on the economist that may clear up some of these suppositions:

    http://econ.st/U7WHAS
    Oct 28 04:20 PM | 1 Like Like |Link to Comment
  • "Asian-Americans are the highest-income, best-educated and fastest-growing racial group in the United States," the Pew Research Center wrote in recent massive study. The WSJ discusses the rise of Asian-Americans in a weekend essay, saying that they "have become the immigrant group that most embodies the American promise of success driven by will and resolve." [View news story]
    Stereotypes are born out of generalities. Statistics like the ones cited in the WSJ article tend to be about as general as you can get - they do not tell the story of one individual's achievement.

    The statistics show that this one racial group has achieved as a group more than other groups. I can substantiate this by looking at the enrollment of my alma mater, UC Berkeley (a public school), and compare the near majority Asian American student body (43%) to the demographics of the state (13%) and the demographics of the country (5%). Asian Americans comprise more of the student body than all other minorities *combined*. There are also 30% more Asian Americans in UC Berkeley than there are whites (43% vs 33%), even though there are more than five times as many whites in California than there are Asian Americans (74% vs 13%). Asian Americans have achieved this in an era of heavily biased reverse discrimination, as unlike for other minorities, Affirmative Action actually hurts an Asian American high school student's chance to enter the college of their choice more than any other racial or ethnic group, to include whites.

    These statistics speak for themselves. The truth has been evident for a very long time. While it does not mean that every Asian American you meet is "smart" or "over achieving" - TheRepublic_Investments made a very good point below - as a group they have earned this moniker, fair and square - or with the deck stacked against them even.

    http://bit.ly/RnBtSa
    http://1.usa.gov/S2dCW9
    http://1.usa.gov/RnBIwr
    Oct 28 12:41 PM | 4 Likes Like |Link to Comment
  • Xinyuan Real Estate: Still the World's Cheapest Stock? [View article]
    "If XIN is a fraud, how are they benefitting from doling out all this cash"

    2011 buyback amount: $10mil
    2011 dividend amount $7.3 mil
    NY property purchase: $54 mil

    IPO proceeds: $225 mil

    I'm sorry, but I find your analysis lacks objectivity. The NY property is a trophy "investment", I think we can both agree on that. A trophy for what achievement exactly remains to be seen.
    Oct 25 11:43 AM | Likes Like |Link to Comment
  • Xinyuan Real Estate: Still the World's Cheapest Stock? [View article]
    I applaud your efforts at research, but unfortunately it does not add any data that answers the question. WHO did they buy these shares from? This buyback is not an endorsement of legitimacy, as anyone could have been on the other end. The amounts are also similarly tiny compared to the value of the company and its cash hoard, as the buyback amount adds up to an amount similar to its annual dividend, which I've already concluded is insubstantial. My point about WHO purchased these shares is tangential, as another doubt I have on this company is the activity of the CEO and co CEO, neither of whom (last time I checked, which was a while ago) have a single transaction posted with the SEC and have been invisible in nearly every shape and form in regards to this company. They own 40% of this company between them.

    Again, I don't doubt this company has cash on hand. I also don't doubt that this company exists on paper, and I don't doubt that it trades on the NYSE. I doubt the veracity of its operations. I also call to doubt the purpose of transactions that do not prove whether or not this company's operations actually exist, such as this small buyback, or the paltry dividend. Given time, such amounts will add up and prove the legitimacy of this company. However, this company simply has no track record to speak of, and I have doubts about the ability of this company to follow through going forward. I don't see spending $53 million on NY property as helping this cause.

    If you call this activity an investment, good luck to you. Most would agree it is speculation. Whether or not it is intelligent speculation depends on the depth of your research and DD and the veracity of this company's claims.

    Lastly, please minimize your vitriol. I understand that you may get defensive about your decisions, but you do yourself and anyone reading your comments a disservice if you reduce your arguments to petty name calling.
    Oct 25 11:07 AM | Likes Like |Link to Comment
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