HIstory of finance

Getting more and more interested in finance and the history of it. Especially when I took Schiller s class last summer, he brought the financial market book with him once to a vacation.  He is so mesmerized by it that he read the 800 page book by the pool side. Siegel book is a classic. really enjoy it,  so far two chap into it.

poverty and prosperity

Watched the PBS series on Poverty.  It is a strange flim that almost equate minority to proverty which disturbed me.  Often a lot of wishful thinking people blam the proverty on circumstantce, it can be natural disaster, poor land, colonism, etc.  But the answer is easy and hard: change the culture.  Feed a person enough food so he is no long hungry, if he still work hard to prepare for the future, he will be rich.  If he just play, lay back, scatch his ball, he will be poor. It that simple.

In this case, no matter how much the government do, how much we donate, poor will be poor if they don't change within.  Rich will be rich even if they become poor temporarily. 

The poor don't want to work too hard, but accuse the game is not fair.  

"The easier way for the poor to become rich to allow them the change to earn their out of proverty."  How true!

One reason it is best to share bad news in person

Few people will remeber that you said or did, but they WILL remember how you make them FEEL. 

Paraphrased from

"I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel."

                                                                            Maya Angelou