Author: gotohell

India, China will be growth engines: Indian PM [Copy link] 中文

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Post time 2008-3-4 13:33:35 |Display all floors
interesting:

I didn’t assume anything.  Months ago you wrote that you live in a small town in Oklahoma.  It is such a small town that I don’t even recall the name of that small town.  

This is the first time I read where you disclosed that you moved to LA over a month ago.  Hopefully that will turn out to be a good move for you.  Now that you are in LA, perhaps you can get some real world financial experience, so you can write from your personal experiences, instead of quoting from textbooks, espousing theories and logic, and other opinions that do not meaningfully change your current financial state.  I pity you because your ego doesn’t match your financial results.  The sooner you humble yourself, and ask for help from mentors in the LA area, the sooner you change your financial state.  

Here is my favorite Roy Williams quote.  

“A smart person makes a mistake, learns from the experience, and never makes that mistake again.  A wise person finds a smart person, and learns how not to make the mistake in the first place.”  
     
That’s one reason I’m a strong believer in having mentors.  Great mentors have been there, done that, so I benefit from their experiences, which helps me avoid the same mistakes they have already made. I’m humble enough to ask for advice and help from my mentors, and confident enough to execute their advice to financial success.
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Post time 2008-3-4 22:56:56 |Display all floors
Raymond,

I believe it's been public knowledge for quite a while and, if I'm not mistaken, you've been told that being "flat broke" ended not more than a month after it was said.

I'm very tired of you trying to convert a question about the macroeconomy into a question about what other people have been doing with their lives, not least because none of us has any way to confirm it. For all you know, I'm a 14-year old kid who likes to troll Chinese forums.
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Post time 2008-3-5 11:41:46 |Display all floors
interesting:

It may be public knowledge to you, but this thread is the first time I read you disclosed that you recently moved to LA.  I don’t have the time to read every single post of every single thread on China Daily.  You could be a 14-year old troll for all we know.  But my replies are not only to you, but also to others who may think like you.  You focus too much on theories, much to your own detriment.  

I don’t care how many months removed you are from being “flat broke”.  You were flat broke, which tells me you lack financial acumen, so it’s reasonable to question your qualifications to even assess the financial conclusions of our Comptroller General, since you cannot even manage your own finances prudently.  

What happens to our macro economy doesn’t necessarily correlate with what happens to you financially.  GDP can go up, but you can still be flat broke.  In fact, there continues to be an inverse relationship between US GDP growth, and financial strength.  Your lack of financial success, is partly because you focus on the wrong things – focused on macro economy and textbook theories, instead of your personal financial results.   It is human nature for some people to focus on what they perceive is their strength, and de-emphasize their weaknesses.  I understand that mindset.  But you will not overcome your financial weakness, by focusing on macro economy, or pestering me with your theories.  Get real already, for your own sake!  Your theories and logic will not get you anywhere.  The sooner you realize that, the sooner you make meaningful changes.
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Post time 2008-3-5 23:05:58 |Display all floors
Raymond,

I was flat broke because I had to pay for college on Oklahoma wages, not because of a lack of financial acumen. Do you tell students in China that they are broke because they lack financial acumen or do you recognize in their case the inadequacy of available wages relative to the size of both financial and temporal expense? All of this has been said to you before, it's ridiculous that you plead ignorance now but also completely in character.

Once more, however, you turn away from the matter at hand--your comments about he macroeconomy--and try to focus on something which is not the topic of this thread. But just for fun: are you saying that the macroeconomic issue of employment rates has no bearing on people's financial success?

I think it would do you well to think more carefully about what you write. The fact is that you lack the skills necessary to make informed, relevant comments about macroeconomic issues and therefore are unable to answer questions or respond adequately to articles about them. We've seen that in your response to papers, your complete misunderstanding of economics both in terms of its theory and its practice, your fear of deduction and mathematics and your constant attempts to elide the issue and instead focus on assumed personal faults.

[ Last edited by interesting at 2008-3-5 08:53 PM ]
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Post time 2008-3-6 15:23:59 |Display all floors
interesting:

Excuses!  Excuses!  

There are many students who have to pay for college, yet they don’t go flat broke because of it.  In the USA, a determined student can plan ahead, and line up a combination of scholarships, grants, student loans, college work-study, internships, mentorship programs, and tuition reimbursement programs from various employers.  If you are not creative enough to use some or all these programs to help fund your education, then I’m not surprised you were flat broke.  

Employment rates can have a bearing on a person’s financial success.  But I don’t feel there is an absolute 100% correlation between employment rates, and financial success.  You can have 100 engineering jobs outsourced to India, replaced by 120 new clerks at Wal-Mart.  While the employment rate increased by a net of 20 jobs, the new jobs created, are no match for the jobs lost.  That’s the fallacy of looking at macro factors, because it doesn’t necessarily capture the true financial impact, since the net value of 100 engineering jobs, are greater than the net value of 120 clerks.  

GDP can go up.  Other macro economic factors are positive, yet a person can still be flat broke.  That’s why you should focus more on your personal financial standing, rather than the macro economic issues, which may or may not have 100% parallel correlation.  

The typical person does not focus on macro economic issues.  They focus on their personal finances, as it should be.  The sooner you change your focus, the sooner you change your results.
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Post time 2008-3-6 17:49:35 |Display all floors
Raymond,

Don't be silly. Most college students leave school flat broke: scholarships, grants and loans only make you broke, they don't increase the amount of money you have on exit unless you simply hold the surplus from the loans rather than pay them down; work-study is handed out on a need basis; internships generally do not pay or do not pay well; tuition reimbursement is much rarer than you think. It's really clear that you have no idea what college funding actually looks like.

The problem with your statements later is that they're just hypotheticals. The reality is that jobs get outsourced to India but average incomes continue to rise for every cohort save those without an education.
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Post time 2008-3-7 09:10:04 |Display all floors
interesting:

College students not savvy and creative enough to use some or all of these programs, end up leaving college flat broke like you.  For your information, I got scholarships that paid for most of my education, and my first employer, paid for my MBA, as a tuition reimbursement program.  You are not aware of this, because I doubt you even have the academic credentials to qualify for scholarships, nor have an employer believe enough in you to pay for your MBA.  

I didn’t take an internship program for money.  I took the internship program to network and start building my business contacts, so before I graduated and got my MBA, I already had a network of business mentors to help me transition to the real business world.  The reason you were flat broke is because you are too ignorant to plan ahead.  I was already a young entrepreneur, while in college.  I master leased a small four-plex near campus, and then got enough roommates to fill the other 3 units, so I essentially was able to live rent free in the remaining unit, almost all thru college.  That was the beginning of my investment career, as I discovered with the help of my business mentors, that I’m pretty good at putting deals together, and knowing the human nature factors to persuade someone to do deals with me.  That is one reason I graduated without any student debts, because I was already investing, while in college, thanks to my mentors, whose caring guidance helped me immensely.  

It’s too bad you didn’t have the foresight and creativity to seek help while in college, so you too can make money, instead of being flat broke.  And you want to teach me, an MBA in finance, about money?  Who are you kidding?  Go fix your tattered ego by making some real money, since I’m sure being flat broke deflated your unfounded arrogance.     

My example about outsourcing engineering jobs to India is not hypothetical at all.  Read the news, and read how computer companies are merging, outsourcing, and downsizing to compete, and you would know it’s the truth.  The net result is financially worse, despite the macro economic number of employment rates, increasing.  I much rather have the collective purchasing power of 100 engineers, than the collective purchasing power of 120 clerks from Wal-Mart.  That’s the fallacy of only looking at macro economic numbers.  

I pity you, since you don’t see it, but honest people reading this, already know what I’m writing is the truth.  Macro economic factors, do not necessarily have a 100% parallel correlation with financial results.  I’ve given you one of many examples showing this truism in the real world.
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