L:
今日諺語 有空再看囉~
Those who cannot remember the past are condemned to repeat it.
--George Santayana (1863 - 1952), The Life of Reason, Volume 1, 1905
M:
怎麼老是PO一些腦袋要轉很圈才翻得出來的句子呀
什麼我們不會記得過去那些被判罪 然後重覆
是指…那些被判罪的過去我們不會記得 然後又重覆了…
L:
Selected Category: 筆記 (7)
- Jun 05 Thu 2008 17:16
Those who cannot remember......
L:
今日諺語 有空再看囉~
Those who cannot remember the past are condemned to repeat it.
--George Santayana (1863 - 1952), The Life of Reason, Volume 1, 1905
M:
怎麼老是PO一些腦袋要轉很圈才翻得出來的句子呀
什麼我們不會記得過去那些被判罪 然後重覆
是指…那些被判罪的過去我們不會記得 然後又重覆了…
L:
- Jun 02 Mon 2008 15:17
It's so much easier ......
L:
偶爾烙一句英文來練習好了 然後我們再一起討論 先挑一些簡單的^^
It's so much easier to suggest solutions when you don't know too much about the problem.
Malcolm Forbes (1919 - 1990)
M:
那串英文邏輯怎麼好像有點怪
…既然不知道問題…怎麼容易建議解決方案呢…
還是我誤解了呢…^^?
L:
哈哈哈哈 我認為這句話的意思 用台語來講就是
- Nov 27 Tue 2007 15:32
Carry trade
最近股市波動的很大，其中一個重要的觀察是日圓的變動，基本上日圓升值對投資是一件壞事，因為很多投資單位是去借日圓來作投資的，一旦日圓升值，就表示要還的錢變多了，就趕快去還，而一窩蜂的去買日圓，又會造成更大加速升值，然後又影響到其他本來還在借錢的投資單位也要趕快出清投資來還錢，是一個很恐怖的連鎖反應。這是一個投資人須要瞭解的故事，carry trade。
下面連結是wiki對carry trade的說明
http://en.wikipedia.org/wiki/Carry_%28investment%29
The term carry trade without further modification refers to currency carry trade: investors borrow low-yielding and lend high-yielding currencies. It tends to correlate with global financial and exchange rate stability, and retracts in use during global liquidity shortages.
The risk of carry trades is that foreign exchange rates will change, and the investor will have to pay back now more expensive currency with less valuable currency. In theory, carry trades should not yield a predictable profit because the difference in interest rates between two countries should equal the rate at which investors expect the low-interest-rate currency to rise against the high-interest-rate one. However, carry trades weaken the target currency, because investors sell what they have borrowed, and convert it into other currencies.
As of early 2007, it is estimated that as much as US$1 trillion may be staked on the yen carry trade. Since the late-1980's, the Bank of Japan has set Japanese interest rates at extremely low levels making it profitable to borrow Japanese yen to fund activities in other currencies.
簡短地說，[Carry trade]就是借利率低的貨幣來投資利率高的資產，而目前全世界利率最低的貨幣就是日圓，當然就造成了[日圓套利交易]這個名詞，但值得注意的是，wiki那頁前一段有提到，
Carry trades are not arbitrages: they make money even if nothing changes, but things may change.
下面連結是wiki對carry trade的說明
http://en.wikipedia.org/wiki/Carry_%28investment%29
The term carry trade without further modification refers to currency carry trade: investors borrow low-yielding and lend high-yielding currencies. It tends to correlate with global financial and exchange rate stability, and retracts in use during global liquidity shortages.
The risk of carry trades is that foreign exchange rates will change, and the investor will have to pay back now more expensive currency with less valuable currency. In theory, carry trades should not yield a predictable profit because the difference in interest rates between two countries should equal the rate at which investors expect the low-interest-rate currency to rise against the high-interest-rate one. However, carry trades weaken the target currency, because investors sell what they have borrowed, and convert it into other currencies.
As of early 2007, it is estimated that as much as US$1 trillion may be staked on the yen carry trade. Since the late-1980's, the Bank of Japan has set Japanese interest rates at extremely low levels making it profitable to borrow Japanese yen to fund activities in other currencies.
簡短地說，[Carry trade]就是借利率低的貨幣來投資利率高的資產，而目前全世界利率最低的貨幣就是日圓，當然就造成了[日圓套利交易]這個名詞，但值得注意的是，wiki那頁前一段有提到，
Carry trades are not arbitrages: they make money even if nothing changes, but things may change.
- Nov 10 Sat 2007 21:46
金融市場筆記
金融市場概論
*金融發展程度以 (廣義貨幣供給額 / 國內生產毛額) 來衡量。
*M1a=通貨+支存+活存；M1b= M1a+活儲存；M2= M1b+準貨幣。
*直接融通為直接購買資金不足者發行的證券，如股票、債券、票券；間接融通為將多餘資金存入金融機構，再由金融機構貸放給資金不足者。
*金融市場的功能為: 一、風險分擔 二、流動性的提供 三、資訊收集與揭露
*直接金融與間接金融的說明，直接金融市場方面，主要的媒介機構是證券商及票券商。
*集中市場及店頭市場的差異
*貨幣市場是短期有價證券的市場(到期日一年以下)；資本市場是長期有價證券的市場(到期日一年以上)。
*許多央行體認到透明化的貨幣政策，有助於達成其長期的貨幣政策目標。
金融與經濟
*經濟成長率=儲蓄率*(產出/支本)
*典型的金融危機演變過程為: 銀行危機->貨幣危機->資本市場危機。
金融發展趨勢及變革
*金融發展趨勢: 自由化、國際化、金融革新、銀行業務綜合化、金融整合。
*金控公司三大類型: 銀行為主、保險為主、證券為主。
- Oct 30 Tue 2007 14:56
Put-Call parity
Put-Call parity
相同的履約價格(K)及合約期間(T)的歐式買權與賣權間，具有對等關係
可以由最基礎的定義
C= max{S-K,0}, P= max{K-S,0}
推導出這個賣買權平價關係 C-P=S-K
其中
買權價格(C)
賣權價格(P)
現貨價格(S)
履約價格(K)
而期貨價格(F)=現貨價格(S)-履約價格(K)
(履約價格就當成是買進價)
對應S-K=C-P
- Oct 26 Fri 2007 21:56
My name is Aaron
http://www.thinkbabynames.com/search.php?g=1&t=1&s=Aaron
引用自想想小孩名字的網站^^
The boy's name Aaron \a(a)-ron\ is pronounced AIR-an, AHR-an. It is of Hebrew origin, and its meaning is "mountain of strength". From the Hebrew "har-on", or possibly of Egyptian origin. Biblical: Moses' brother Aaron was the first high priest of Israel. US Vice President Aaron Burr; baseball star Hank Aaron; composer Aaron Copland; actor Aaron Eckhart.
男生名字阿倫源自希伯來文，意思是巍然的高山。源於希伯來字"har-on"，也可能是源自古埃及語。在聖經中，摩西的兄弟阿倫，是以色列的第一位大祭司。名人包括美國副總統阿倫...ㄅ兒、棒球巨星漢克阿倫、作曲家阿倫寇普練、演員阿倫艾克哈特。
引用自想想小孩名字的網站^^
The boy's name Aaron \a(a)-ron\ is pronounced AIR-an, AHR-an. It is of Hebrew origin, and its meaning is "mountain of strength". From the Hebrew "har-on", or possibly of Egyptian origin. Biblical: Moses' brother Aaron was the first high priest of Israel. US Vice President Aaron Burr; baseball star Hank Aaron; composer Aaron Copland; actor Aaron Eckhart.
男生名字阿倫源自希伯來文，意思是巍然的高山。源於希伯來字"har-on"，也可能是源自古埃及語。在聖經中，摩西的兄弟阿倫，是以色列的第一位大祭司。名人包括美國副總統阿倫...ㄅ兒、棒球巨星漢克阿倫、作曲家阿倫寇普練、演員阿倫艾克哈特。
- Sep 12 Wed 2007 10:28
振盪盤整
九月以來的操作真是慘重，
以買方為主要操作哲學的策略，碰到了波動收斂這個振盪盤整盤，
通常就是輸多贏少，
每天開高走低，開低走高，完全修理了趨勢型的交易者，
訊號容易被穿來穿去，
等待吧，等待發散的日子，那才是買方的舞台。
以買方為主要操作哲學的策略，碰到了波動收斂這個振盪盤整盤，
通常就是輸多贏少，
每天開高走低，開低走高，完全修理了趨勢型的交易者，
訊號容易被穿來穿去，
等待吧，等待發散的日子，那才是買方的舞台。
