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Saturday, June 21, 2014

Portfolio Management Job

Why did I choose a portfolio management as my long-term financial professional career in the first place?

I think it boils down to three reasons:

  1. Intellectually Stimulating
    • Portfolio Management is a complicated game of the theory and practice and is still evolving. You have to keep learning theories first and then understand realities by continuously adjusting differences between theories and realities. It never ends and you can't be 100% sure no matter how you spent time. Dynamics in markets always overwhelm us.
  2. Global Profession
    • The world economies are more and more connected and money/labors are moving around the world. You're required to understand other countries/regions.
  3. Fair Competition
    • Portfolio Management is competitive, but a fair game in the long run. You cannot survive in the industry from the long-term perspective unless you understand laws of the competition and cope with changes. Darwin's theory works here.

What do you think about it? Your comments would be greatly appreciated.




Sunday, June 15, 2014

"The Financial Journal"

I've just started this blog for all financial industry professionals. I hope that the blog will be interactive, intellectually stimulating, and open platform for all readers.

Saturday, June 14, 2014

"Principles" and "How The Economic Machine Works" by Ray Dalio

Prior to starting my own original articles, let me share some great documents and video by Ray Dalio, a founder of Bridgewater Associates. Hope you all enjoy them and find them very insightful. Especially, "Principles" should be applied to every single moment of your professional and personal life.

Principles
http://www.bwater.com/home/culture--principles.aspx
http://www.bwater.com/Uploads/FileManager/Principles/Bridgewater-Associates-Ray-Dalio-Principles.pdf

How The Economic Machine Works by Ray Dalio
This is one of the best videos I've ever watched:
http://www.economicprinciples.org/
http://youtu.be/PHe0bXAIuk0

How the Economic Machine Works A Template for Understanding What is Happening Now
http://www.bwater.com/Uploads/FileManager/research/how-the-economic-machine-works/How-the-Economic-Machine%20Works--A-Template-for-Understanding-What-is-Happening-Now-Ray-Dalio-Bridgewater.pdf

Deep Learning (Regression, Multiple Features/Explanatory Variables, Supervised Learning): Impelementation and Showing Biases and Weights

Deep Learning (Regression, Multiple Features/Explanatory Variables, Supervised Learning): Impelementation and Showing Biases and Weights ...