I landed in Shanghai yesterday, as some of you know, I am going to spend a month here. It already feels like I've been here for a long time. The city is huge, much more than I expected. There is EVERYTHING here. I took the Maglev from the airport to the city center (Long Yang… Read More »
Stocks recovered much of their losses from yesterday. It may sound a little funny to most readers but the truth is that I am a little disappointed that I did not manage to buy everything I wanted. I thought declines will last a little longer… 🙂 I actually got some cash that I wanted to use but… Read More »
Feels like 2008 all over again. S&P Downgraded … the USA ! I still don't get it, how can you downgrade a country that prints its own debt denominated currency, how can you downgrade a country that cannot go bankrupt. Buffett commented that it was not a wise move. (EDIT: see first comment below) Ironically,… Read More »