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e/u at 1.3990 area. A gain of 230 pips. :cool: Are the shorts banking their profits here?

Intelligence has no race. I am sure there are a lot of Chinese smarter than me, you, and other folks around here. Great minds are from all nations, races, religions, etc. All humans are gifted with great creative brains.

I assume you are not nude now. If so, check the label of the clothes you are wearing, and tell us where they were made. This should help one know which countries are competing against China in apparel manufacturing.

I check labels of pants/shirts/etc in stores. They used to be "made in china", but in more recent times I have been seeing Malaysia, Bangladesh, Indonisia, Pakistan, etc. This might suggest that the Zhangs are being outflanked by the Gupta, the Bangalis, the Mahattirs, etc. So Zhang's...

The difference between you, and the other Chinese mentioned in the OP is that you seem to have a first-hand understanding of the west (lived/living in the west), while he showed the opposite. I would further bet that if you were in China, they would still favor that guy over a person like...

LOL!

If it is a raging bull market with low IV, then I might hear you out.

+1, few people understand that yet the gold market was saying it.

+1

I agree with you. It is very strange that you can grasp what you wrote, but yet in market timing you seem to be rather poor.

The problem you asked about are the existence of people like you describe above.

Note that a cut at the head is always less desirable than a cut at the knees.

Because Joe understands the role of margins, while Zhang works harder without thinking about working smarter: Zhang focuses on working and low-negative-margins, and Joe focuses on high margins. A 1/60 ratio of margins means that what Zhang produces in a life-time, Joe produces it in a year...

The proof that he is the idiot is that he is giving money at a ridiculous low rate of return, and he has no other choice but to give it to the west. What could he do otherwise? Also, the money he gave as loans is already given-- it is he who is on the hook, not the west. His words are further...

That guy is a nobody, and he knows he says nonsense. Offer him a greencard, and he will take the first flight to come (and he will pay for processing fees). :D The chinese sometime say things that may suggest that they think that the people from around world as if they were talking to...

I am almost sure if a stranger were to make for you 100% per year, you would not allow them to manage your money. You would invest with Buffet/Paulson, not because of their return, but because of their fame, the imagined return that would go through your head, and the bragging right such as...

Give Buffet a paper account, and we will see what he will do. I am almost certain that he would not make that return, and would likely underperform the index. I would rather say that size, instead of a negative, is an edge for Buffet (he can make deals outside of the market at better terms).

What do you think happens to other funds who lose? Could they also not tell you "we could not get out"? In fact what about a chimp managing a hedge fund? Could one also not use the same argument in the defense of the chimp?

Thanks Martin. I knew that if I had to bet on who would answer first, it would be you. Any links, or should I just be ordered to hit the search button?

I have a friend who asked me a question: Assume that one has a mortgage, fixed rate for 30 years (say at a rate of 5.5% with 20 years remaining). Since the interest rate is now low, are there ways to hedge the current mortgage to profit from lower interest rates, without redoing a new loan...