paulz

Earnings Are Imaginary

It is not the question whether the bankers create value for the society, it is the issue whether their job really deserve those huge bonuses. For the general public, it is certainly over-inflated. It is completely off-balance. Just image the brightest people in the country poured into this industry for the insustainable high bonuses, their brightest mind is 99%-directed to trick the general public for their precious savings into investing in junks, so only 1% of their effort is actually generating any meaningful result for the society as a whole. Isn't this a real tragedy for the society? Ideally we need the brightest mind to be more rationally-distributed amony scientiest, engineers, doctors, farmers ...


On Aug 15 01:59 AM acttang wrote:

> Oh really? What sort of jobs that you think have real value? Oh,
> I got it, something like an engineer or a doctor or a teacher, right?
> Right. Except that I don't see how nice people with these moral and
> decent jobs can go about living their modern lives without the flow
> of money. When there is flow of money, there are people who try to
> steer it to flow to the right places. When they steer it right, they
> actually do provide value to society, lots of value! And they get
> paid very smartly for doing it right. When they steer it wrong, well,
> they are wrong. Doctors are known for mistakenly killing patience.
> Engineers are known for building collapsed bridges. So what? Nothing
> exists for no reason. If talented people keep themselves in the money
> game, you'd better believe there is good reason. Not recognizing
> the reason, actually, is quite sad.
>

eBay: Essential Data

I used to be a quite big Ebay seller but no more. Ebay keeps hiking their fees and the sellers all got ripped off. An ancient Chinese phrase says: "Dry the Pond to Catch The Fish". They certainly caught a lot of fish (Revenue Goes Up) when t the pond was dried (Hiking Fees), but they will have to starve for a long time.

Rio Tinto: A Rock Solid Investment

Although I have long positions on Rio, I really don't think a company which does not respect its most important customer does not worth my long positions for too long. They will be punished sooner or later. It is kind of suiccide behavour to antagnoize the most important customer instead of trying to play down the conflict.

China Piles Legal Pressure on Rio

Businessperson always say "Customer is God", but what is the widsom now for RIO who tried everything else but not wooing the most important customer!