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| It's been a long time i have not written something here again. Let me summarize my recent life.
1. I am working in a Joint Venture formed by my company GaveKal and another hedge fund. Life here is not easy. I need to be more proactive and generate ideas. I know where my weakness and strengths are. I need to survive.
2. I believe the bear market will just stay for 1 year since Oct 31st 2007. Shit, this is more serious than everyone imagine. A lot of financial institutions are firing people. My firm just fired 3 and they all disappear in office without an announcement from anyone. "Will it come to me?" this question always show up in my mind. i have considered what i should do if i am fired. I am prepared for the worst situation. Hence, i am not worried at all. I am still young and there are many things i can do. It will not be the end of the world.
3. Doing FRM study recently. It's ridiculous that you study risk management when all the existing risk control methodologies just do not work out. After the crisis, no one will trust the credit rating agencies. No one will buy structured product. No one is going to trust their financial planners. It's a complete collapse of confidence as evidenced by the market. The fee structure will be changed and don't dream you will get 30 months bonus in the coming years.
4. Looking for an apartment a few months ago. I expect the housing market will come down another 20% from here. While it looks like a good timing to buy a flat, but i am a bit worried about my job security and may need to make adjustment.
5. Been to a 8-day trip to Australia 2 weeks ago. A very memorable one and I enjoy doing the ballon trip and sea walker. Here is the album for the tip.
http://www.facebook.com/album.php?aid=62932&id=592881203
http://www.facebook.com/album.php?aid=62934&id=592881203
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| It's been 4 years I have been working for my company. I started as an IT guy and I signed up CFA and go through the 2 year tough period studying for exam. To tell you the truth, the study does not make you a bright investor but it gives you background knowledge which you need for the finance industry. Company restructured in Sep 2006 and I have a chance to get involved in money management business. My IT workload is now lowered to 10% after a new IT guy comes in recently to replace my role. I learn a lot from our new fund manager. The most important thing are 1. you need to add value to the process 2. you need to be very careful about numbers in the fund industry, always assume you are wrong and double check!! The real train-up was since last summer. I was trained to look at market data in more analytical way and generate trading ideas or investment views. Recently, I am getting more involved on trading. Company has hired more analysts recently and we are going to undergo another big change in business. This is obviously a big chance for all of us. I still strongly think that I have too little experience in the industry and i always question whether i have added value to the portfolio mgt process. I will push it hard to upgrade myself and develop more strengths before the big change comes in summer. | | |
| the wait for CFA result is killing me, thanks my gf, my family and colleagues for supporting me all the way, i pass CFA level 3. the quickest way to learn sth is to follow a smart guy. I am very lucky i can follow the fund manager in my firm. He is my idol. add value, we need to add value to the process, otherwise, please don't spend time on it. This is the most important thing i learn from him. | | |
| I am very lucky. Two years when i graduate, i cannot imagine what i am doing right now. I am offered chance here. i am growing with this company. i always keep in mind, i need to add value to the process. don't do anything that has no output. and do less, gain more, only 20% of your work makes you 80% of your success | | |
| I have to thx my dear for making all those small gifts to support me. I have to dig into my weakness and guarantee my pass, hopefully. VL | | |
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