February 11, 2007

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Last Updated on February 11, 2007 by stlplace

I was a bit surprised to see Dixie Chicks won the “album of the year” award. I was happy because it’s a band I like. I got the “Taking the long way” CD last May when it was just out with lots of controversy. I guess the CD sales will soar and the price will go up 🙂

For the Dixie Chicks trio, this is especially rewarding after been virtually shut out from main stream media after the UK concert incident. I don’t want to talk about politics here. But I think in career, in investing, or in business, we will get written off by other people from time to time. The sweetest feeling is later on we prove ourselves through the hard work. This is not revenge; this is redemption.

The Trend of World Assets

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Last Updated on February 11, 2007 by stlplace

This is an interesting statistics of the world assets by geography, courtesy of My Money Blog. I remember from Jeremy Siegal’s recent book “The Future for Investors”, one trend is the emerging middle class in developing countries (Brazil, China, India etc.) are going to buy assets from the “baby boomers” in the developed economies. In other words, maybe 20 years from now, 5% of Microsoft will be owned by Chinese and Indians. This also reminded me one more number, the saving rate in China is 50%, and the US saving rate last year is -2%. Note the interest rate in China is quite low, and investment options are not plenty. The Chinese domestic stock market is taking off lately, but I think many people will buy foreign equities if the Yuan (RMB) become a hard currency.

This is even more interesting considering many foreign funds are buying Chinese stocks lately.