Thursday, May 30, 2013

A student is carrying this book in  Robert Hass Bush's war poem


Tuesday, May 14, 2013

Risk and age




The Affluent investor by Phil Demuth

The big take home is the need for your portfolio to change with your age. The book has a wider general knowledge approach than techniques. The book does use studies from economists to arrive at the 'to dos'. Most of the studies reveal that the obvious isnt right. Take for example, the returns of small value stocks. To know the study, you would have to read 'The cross section of expected stock returns' in the journal of finance. The book is easier than that article. The strength of the book lies in simplifying the research to make it relevant to the common man in the dark of the latest studies in investing.
The chapter on how different investors by trade (doctors, lawyers, celebs) make different kind of customers is comic.
I recently met someone who is a financial adviser whose clients - doctors fund his hotel management business.


optimal life cycle theory
some math
Black Scholes
Time diversification
independentinvestor
Efficient-market hypothesis
The Cross-Section of Expected Stock Returns

Trading and investing books

Monday, May 06, 2013

I like bar stools. Its gotten into me that I should build a bar stool.
Kitchen island. In an undergrad class we had to make a tiny wall hung table.

Sunday, May 05, 2013

Good fences make good neighbours?




Neighbor Law

I am always amazed, each time I meet a section of Law - Elder Law.
A while ago, a colleague showed  a picture of his gutted pool that had a leak beacuse of roots from his neighbours tree. I was interested in the law aspect of it.
Fruits and leaves trespassing is obvious. But the roots action is going on undeground.
Whoever has the stump owns it.
If businesses at home generate traffic, like day care centers, beauty shops then they are in trouble. Writers and artists can work from home.
No right to view
Prior appropriation water rights

Concrete at home





How the concrete slabs are made. You could put found objects in the concrete. Paint it to your colour. Faux brick and sandstone.