If I am to Leave the Last Words to the World.

Life itself is not the easiest thing in life. 

With everything you want in life, you need to demonstrate some capabilities to entitle you with the prize.

That creates a constant tests for you to demonstrate how much you worth - and you won't always know the answers to it. 

Maslow's hierarchy of needs is not a way to determine your social status quo, but more on your current goals in life. You are excellent if you have conquered all three levels in your one life, and you are very fortunate if the last layer is the sole thing you care in your life, and you are way beyond human levels if you can come up with your own set of goals in life and accomplish them without having to concern what others think of you.

If you were to ask me to leave any useful advises to you, I'd say: "under the prerequisite of not hurting others, figure out what is it that you really want in life, and use all your energy pursuing it. All others are secondary."

And good luck. I wish to hear your successful stories and I wish I could be the one welcoming you to the club of self-actualization.

Market Comment 2012 June 14th

[Markets and Investors]
German yield goes up while CDS narrows, indicating a high possibility that someone is shorting or clearing up its German government bonds. Rumors have it be Pimco. While Gold price still steadily goes up and stock steadily goes down, people right now still share a high lever of risk-averse'ness together.

 [Money Flow and Asset Performance]
Some anticipate that the lack of market confidence in the European government bonds will eventually get money back to US Treasury, then finds out the yield is so low (or even negative) that it's not even worth it. While much money has already gone into the high yield field, it's going to stay high for a while, but then the risk v.s. payoff isn't justified. The good news is that the banks are already tightening their lending, so even if European banks go into bust, the default rate should not change much into a systemic catastrophe. It is not yet clear whether the money will be rationally go into a good risk-return place like stocks now, given that institutions are slowly pacing their positions in stocks, while at the same time the stock market is gradually going down.

[Opinions on Investments]
Bond is still the safest way to go at this moment in time.
The Greek problem will be likely to last a long time, making people lose confidence in USD and EUR. The rise of the RMB (CNY) is not there yet, so the best choice is Gold
Stocks are gradually going down but the bottom will be reached at some point. Do notice that there are many firms with a good amount of cash in hand (like Apple) so they are not affected at all by the credit tightening. Retails may be affected by the overall economy. High-end luxury and technologies are very good buys.

轉貼：外籍學校長大的華人小孩。

這是 中文華爾街日報 的轉貼, 而我很大一部分也同意有些小朋友在過度資源下訓練出來後, 對人生態度的看法.

在

上海的外籍朋友總是問我為什麼不送孩子去讀國際學校。他們會問：“美國學校怎麼樣？耀中怎麼樣？德威呢？”而我總是搖著頭說“不，不，不”。