Recent content by hoffmanw

Agree! AI now is just LLM. It is extremely limited. It is not capable of understanding the way humans interpret things or the way humans see reality. It still requires tons of human interventions to make things right. I doubt it will ever reach the level of AGI. All it does now is pull up...

If you have lots of money to burn, go buy a yacht boat and cruise around the globe. Lots of fun and tons of challenge. My friend sold his house and bought a boat. He lives in his yacht boat but too bad, he is not adventurous. He only stays in the East Coast waters. His permanent home is his...

Just some MIT kids don't know to trade and lost all their client money in Bahamas. They probably thought they are genius and could beat the market.

Doubt China really cares about it much. It is matter of time before China catches up. Russia too. Just a matter of time. Maybe it will take Russia a bit longer. A decade or two later than China, but Russians are researching on 10nm transistors and below now. Technologically human reaches the...

Trading is very, very hard. Most traders will fail eventually. Only few with deep understanding of the markets will survive and thrive in the long term. I don't think people can force the understanding. It has to be come from the other side deep within. It is almost like some physicist...

Doubt any successful trader will mentor you. Money is probably the last thing on their mind. I mean when they have millions and millions of dollar, they won't feel anything when you give them another million. They probably value their personal time spent on their interests much more than...

USSR's fatal mistake was picking a fight with China for many decades. They spent a significant percentage of their GDP on defense against China. This led to bankruptcy and collapse from within when they ran out of money. Otherwise, USSR certainly would have survived and even be prosperous today...

Just join some country club or something. Amazon Jeff Bezos frequents The Yale Club in New York City. Aspen in CA is a lot of fun at this time of the year. Get a yacht and traveling. My friends lives in a yacht. It is a lot of fun. They travel from Florida to Newport, CT most of time.

Please don't say that! Chinese civilization is very ancient. Mostly likely They started everything. Chinese civilization can be dated back to 22,000 years ago when they started farming. The West is an innovator, not an inventor. When they started farming, life became easy. They got a lot of time...

Agree! Once you found it, the world becomes a boring place. You lose all the obsession. Naturally your attention will turn into other things to kill time like traveling, hiking, gaming..... Basically you can live anywhere you want. Trading is the last thing on your mind. Probably you will...

NYC herd immunity? I highly doubt it. I doubt there is such thing as herd immunity because many people in NYC got it again and again even when they recovered from it or supposedly developed immunity to it for first time. We are still on the "lock-down." Most people are still working from home...

Agree! People don't take it serious until the virus gets to them. Couple people I know have the same experience as this Youtuber. He travels a lot and just recovered from the virus in Serbia.

Don't assume anything. The origin of the virus is not known. There were couple studies published from universities in Europe couple weeks ago shown the virus might have originated from Spain or Italy. The virus showed up in Europe couple months ahead of China. It was brought to China in...

Certainly, this is not black death. Under normal circumstance, if we have adequate medical resources, death rate certainly can be controllable and massive deaths can even be preventable. But this virus is high contagious. It has an infection ratio of 1 to 2. Maybe we have enough medical...

This virus is not mild as flu or a cold. The typical common colds or flu don't have blood clot symptoms. Of all the people I know had the virus, they all had blood clots somewhere in their bodies. Some had painful red swollen fingers. Some had painful swollen necks and lungs. Some had swollen...