I am a physician, currently practicing as an Anesthesiologist. My other passions are finance and investments. As of 2013, I have passed all three levels of the Chartered Financial Analyst (CFA) exams, all in my first attempts. I received my Masters of Business Administration degree in 2008. I received my certification as a securities specialist from the Philippine Stock Exchange in 2009.
The Pope is coming to the Philippines on January 15-19. You might be thinking what the Pope’s visit to the Philippines has to do with investment in finance. Nothing really, except for the fact that it will be holiday during the Pope’s visit. Trading, banking and business activities will be limited.
FinanceMD will be posting Pope related investment information during the Papal visit.
For my post, I have to qualify the investment “quotes” as sayings since quotes in investments are more likely to refer to prices.
Many people like to read quotes/sayings since these are inspiring, enlightening, motivating ideas which are condensed into something short, witty, enigmatic and catchy. Sometimes though, the quotes may be too enigmatic that interpretations may be necessary. Here is what this post (which will be a part of a series) is for.
“In investing, what is comfortable is rarely profitable.” – Robert Arnott
What the quote probably means:
In investing, there is such a thing as the risk-return tradeoff. The higher the risk, the higher the potential return. Taking risks takes someone away from his comfort zone. An investor taking low risks will less likely earn big.
Do you think an investment banker lives like this?
I found this on Instagram. I assume that an investment banker will be too busy to take pictures of his possessions and post them, but not for this guy who projects an image of one. Honestly, I think he uses too many hashtags.
If you want to see more of his version of the investment banker’s lifestyle. Check out his Instagram page.
Because the earth rotation is slightly slowing, there is a need to add an extra second to sync clocks to the earth’s rotation. On June 30, a “leap second” will be added by the International Earth Rotation Service in Paris.
For us people, that action may be unnoticeable, but not so for computers. When a leap second was last added in 2012, Mozilla, LinkedIn, Reddit and other websites crashed. Will adding an extra second affect banking and trading platforms that are becoming increasingly dependent on the computers and the internet?
According to a report in the Telegraph, US delegates at the conference in Geneva in 2012, opposed adding leap seconds since this action may disrupt timed money transactions, among other things. However, experts believe that this is a better option than adding leap minutes in the future to catch up. The Earth’s rotation may also slightly speed up, so removing a second is also a possibility.