Saw CFA Institute advertising its career guide in Facebook. No wonder Facebook's revenue is growing fast. More and more companies are advertising on Facebook. I still remember my study for CFA Level I. I registered for the exam on 11 January 2009 and received the books on 14 January 2009. I was excited to begin … Continue reading CFA Level 1
Speaking of risk in previous post, I think it's appropriate to elaborate further on what risk is. In general term, risk means the possibility of a loss or damage. In stock market, wall street likes to associate risk with volatility. The general stock market volatility is measured at beta = 1. An individual stock is … Continue reading Risk = Volatility?
Ever wondered why the rich get richer? Just consider this. The poor don't have much savings. Their income will mostly go towards expenses. There is nothing much left at the end of the month. The cycle repeats every month, going nowhere. The middle-class (a very very large group here) have some savings at the end … Continue reading Why the Rich get richer?
Foreign investors in emerging markets have suffered double whammy this year: Local stock market is down Falling currency Let's just focus on Indonesia and Malaysia markets. For first 9 months of 2015, IDR has depreciated ~17% against USD, while MYR has depreciated ~26% against USD. That's huge! Imagine that you invested your USD in Malaysia stock … Continue reading FX Impact