I’m back. Not that life has got less busy. But because WordPress seems to be acting fine now. Hoping that I’ll find some time next year to begin working on a coding my own site (with blog) from scratch.

Photo by Mikes Photos on Pexels.com

How Much Money is Enough? (A Wealth of Common Sense)

This is interesting from a philosophical point of view. I suspect too many people (especially in an environment like Singapore) will answer “Never enough”. Not a healthy answer but we are a reflection of the times we live in.

Why Do Poor People Stay Poor? (Of Dollars and Data)

I haven’t read the original paper (it’s behind a paywall) but the results of the experiment are interesting. It’s also a topic that I’m really interested in ever since I read Teo You Yenn’s book.

Rats, mazes, and the power of self-fulfilling prophecies (Tim Harford)

Another interesting behavioural quirk to take note of. I finally learned that an alternative name for this is the “Pygmalion effect”. Personally, I can attest to this as it applies to some of the stereotypes we educators have about weak and strong students.

I can say that I’m only human but at least I’m aware of my biases.

Blockchain, the amazing solution for almost nothing (The Correspondent)

Every time I hear about Blockchain, my mind takes me back to when bitcoin was at all-time highs and how my boss wanted us to do a sharing on the economics of Bitcoin and blockchain.

I can only say that fortunately, I was with enough like-minded colleagues that we ended up doing a sharing that tempered the high expectations of those who attended.

Time has not proven us wrong.

SoftBank’s Bet on Tech Giants Fueled Powerful Market Rally (Wall Street Journal)

And wow, just when you thought the week couldn’t get any more interesting, this news breaks.

So it turns out that the Vision Fund’s vision is to try and create the illusion of its bets paying off through financial chicanery. $4b on call options on top of a $10b position in the equities themselves. The options give them exposure to $50b (!) worth of equity.

At this point, you have to wonder who sold them the options and now that the people on the other side of the trade knows that Softbank is on the long side of the trade, what happens?