Thursday, February 28, 2019

How to get organized?

Feb. 28, 2019


It is my sick day. I booked walk-in clinic and the wait is two hours. I need to walk to clinic now.

Learn from an engineer I knew

Here is the webpage I like to study. How a facebook engineer manager organizes the content using github.

412 33478 Roberts Avenue, Abbotsford, BC V2S 8E1

Here is the link.

ASPEN CREEK!! Top floor condo with vaulted ceilings! This unique 1 bedroom home feels so much larger than it's actual square footage. The vaulted ceiling with an extra large picture window brings in tons of light and creates a grand, airy living space. Nice features such as stainless appliances, generous sized kitchen, large bedroom and stacker washer/dryer. Located at 5 corners and walking distance to the many boutique shops and restaurants in Historic Downtown Abbotsford. A must see!!

  • Price:
  • $247,500
  • Bedrooms:
  • 1
  • Full Baths:
  • 1
  • Square Footage:
  • 696
  • Year Built:
  • 1997
  • Listing ID #:
  • R2343940
  • Street Address:
  • 412 33478 Roberts Avenue
  • City:
  • Abbotsford
  • State:
  • British Columbia
  • Postal Code:
  • V2S 8E1
  • Listing Status:
  • Active

  • Age Of Dwelling:
  • 22
  • Amenities:
  • Club House, Elevator, In Suite Laundry, Recreation Center, Storage
  • Features:
  • Clthwsh/Dryr/Frdg/Stve/Dw
  • Miscellaneous Features:
  • Central Location, Shopping Nearby
  • Number Of Fireplaces:
  • 1
  • Stories:
  • 1
  • Style:
  • Upper Unit
  • Total Building Square Footage:
  • 696
  • Year Built:
  • 1997

  • Title Type:
  • Freehold Strata

  • Association Fee:
  • 197.59
  • Property Taxes:
  • $1,091
  • Tax Year:
  • 2018

  • Listing Provided By Sutton Group-West Coast Realty (abbotsford)


02-02-2016$124,000    Unit 113

26-01-2017$139,500 Unit 114
Unit 118

Tuesday, February 26, 2019

4 (PE). Finding Basic Stock Terms

Here is the link.

This video is my favorite one. I like to learn those basic stock terms again and again.

Preston Pysh

Here is the link.

What is Value Investing?

Here is the link.

5. Warren Buffett Stock Basics

Here is the link.

18:00/ 19:30

The importance of patience and individuality

Anytime you find something that looks like massive return usually means massive risk

Pigs get fat and hogs get slaughtered

Patience is truly a virtue. Take your time don't try to get rich overnight. Never break your rules!

Think for yourself - that's what all the great investors do!

I've often found that if I was doing what everyone else was doing.... I was probably doing it wrong.

In lesson five, we learned that Warren Buffett has four rules that he uses for investing in stocks. All the rules must be met in order for him to purchase shares of a company. Those four rules are the following: Rule 1: A stock must be stable and understandable Rule 2: A Stock must have long term prospects Rule 3: A Stock must be managed by vigilant leaders Rule 4: A Stock must be undervalued We also learned a very basic valuation technique that Warren Buffett used when he worked for Benjamin Graham. The technique multiplies the P/E ratio by the P/BV ratio and the result needs to be lower than 22.5. A key fundamental of Warren Buffett stock basics is the idea that the stock market is nothing more than a location where he can buy or sell his shares. The market only provides a platform for him to purchase undervalued companies. He always buys on the assumption that they stock market could close tomorrow and not open for five years ñ and it would have no impact on his decision to buy a particular company.

5. Warren Buffett Stock Basics

Here is the link.

In lesson five, we learned that Warren Buffett has four rules that he uses for investing in stocks. All the rules must be met in order for him to purchase shares of a company. Those four rules are the following:
Rule 1: A stock must be stable and understandable Rule 2: A Stock must have long term prospects Rule 3: A Stock must be managed by vigilant leaders Rule 4: A Stock must be undervalued
We also learned a very basic valuation technique that Warren Buffett used when he worked for Benjamin Graham. The technique multiplies the P/E ratio by the P/BV ratio and the result needs to be lower than 22.5.
A key fundamental of Warren Buffett stock basics is the idea that the stock market is nothing more than a location where he can buy or sell his shares. The market only provides a platform for him to purchase undervalued companies. He always buys on the assumption that they stock market could close tomorrow and not open for five years ñ and it would have no impact on his decision to buy a particular company.
Finally, we learned that Warren Buffett possess great patience. He never tries to make enormous gains, but instead consistent gains at reasonable levels. He always thinks for himself and always determines the value of a stock based on what HE thinks a company is worth - not the market.

15 Signs You Are POOR

Here is the link.

How do you know you're poor? What are some things poor people do? How do people get poor? Why are some people poor? What is like to be poor? How to get out of poverty? Why some people stay poor? Why don't poor people work harder? What is like to be poor? How to tell if you're poor? What are poor people like? How much money do you need to make to no longer be poor? How much do poor people earn? How to live like a poor person?

687. Longest univalue path

Feb. 26, 2019


It is challenge to come out the idea to solve the longest univalue path by comparing to parent's node's value.

My sharing 

Here is the discussion link I shared.


Here is the link.

4:40/ 10:03

Live below your means

Nice things only purchase by pure profit your investment

Invest money you know very well.

10X back

Pay cash -> credit card -> interest

Wealth creation

Don't save

Never invest something you do not know about

Delay gratification every day - so important ......

Invest, stack money I do have

Fake rich

15 Reasons Why You'll Always Be Poor

Here is the link.

TIMESTAMPS: You spend too much money on your phone 0:55 You use shopping as therapy 1:59 You treat your credit card as if it were your own money 3:36 You don’t plan your vacations in advance 4:12 You pay for subscriptions 4:55 You don’t buy in bulk 5:35 You don’t join loyalty programs 6:27 You don’t haggle 7:00 You never ask for advice 7:30 You leave the lights on 7:56 You spend money on bad habits 8:30 You drive to places you could walk to 9:06 You buy clothes that don’t match the rest of your wardrobe 9:35 You start your day with coffee-to-go 10:17 You never have any money left by the end of the month 10:44

SUMMARY: - Mobile providers like to make long contracts with tons of small but important stipulations and limits that you might be completely unaware of. You could be using way too much data without even knowing it, and you’re likely paying a pretty penny for going beyond those limits. - If you feel the unstoppable urge to shop when you’re stressed out or depressed, it’s time to stop and give it some thought. - Credit cards are a great way to build up your credit, but it can be dangerously easy to use them irresponsibly. If you treat your credit card like a source of income, it might be high time to cut that thing into pieces! - Paid subscriptions to music and movie sources can be pretty expensive. More often than not, users have no idea that they’re subscribed to a paid service since it happens automatically. - There’s nothing wrong with buying a large number of goods at a discount, especially for non-perishables that can be stored for a long time. - Plenty of companies offer discounts and bonuses to regular customers. So it’d be silly not to take advantage of loyalty programs! - We all know that smoking, drinking, and fast food are bad for our health; no news here. But if you’re struggling to get by financially, then you just have to kick these bad habits! - Be smart with your style and make up a wardrobe consisting of fewer pieces that can be combined into lots of different outfits. Don’t neglect websites with second-hand items either. - A $5 latte on your way to work seems pretty harmless, right? Well, some simple math of multiplying 5 by 300 work days a year gives you $1,500 of hard-earned cash spent on your morning energizer. - If you keep running out of money long before it’s time to flip the calendar, I’ve got some bad news for you, my friend. You’re doing something wrong when it comes to planning your budget.

15 Ways to Save Money

Here is the link.

1. use cash instead of your cards 2. write down all of your expenses 3. cancel unnecessary subscriptions 4. look up coupon codes 5. use rebates for cash back 6. build an emergency fund 7. schedule shopping 8. wait it out 9. only buy what you need and use 10. use the public library 11. plan meals around sales 12. buy used 13. diy whatever you can 14. learn to cut/do your own hair 15. swap/borrow from friends

BEFORE YOU INVEST $0.01 IN 2018! (10 Investing Principles w/Whiteboard Finance)

Here is the link.


Here is the link.

1. Apply 30 days rules to avoid impulsive purchase
2. Pay yourself 10% of your income
3. Write a shopping list and stick to it
4. Cut off your TV
5. Shift saving more -> Earn more money

impulse buys cost

No intention to watch, time is money. Paying to lose money.

Get money back
Less exposure to ads ...

Greater income
Greater expenditure


3 Money Rules That Will Make You Rich

Here is the link.

1. Money rewards producers
2. Money rewards risk
3. Money requires responsibility

The Top 12 Rules of Mastering Money

Here is the link.

#1 Count the money
#2 Automate your bills
#3 Stash the cash
#4 Monthly budgets
#5 Enjoyment fund
#6 Earn more
#7 Use credit
#8 Give frequently
#9 Pay cash
#10 Have faith
#11 Bless your money
#12 Control your emotions

3 Forgotten Laws of Saving Money

Here is the link.

Law 1

Save money is never about the money.

Rather, it is for extraordinary things.

You are saying NO to forgettable things, in order to experience the ...

What are you saving for?

Relish in your Extraordinary Goal.
It will give you willpower to say no ...

Law 2

Law #3
Every peso counts

If you want to save $1,000,000, then every peso counts.


Law #1
The purpose of saving money
What is your extraordinary goal?

Law #2
Segment your money

Separate your savings from your spending money

Law #3
Every peso counts

5 Traps That Are Preventing You from Building Wealth

Here is the link.

1. Comparison

What every body has, desire what they have. So busy to chase those things.

New car, married, children.
You have one life to live.

But Godliness with contentment is Great Gain.
- Timothy 6:6

2. Complacency

Every one has car loan.

For as he thinketh in his heart, so is he ...
- Proverbs 23:7

Strive to get better, get out of debt.

3. Consumerism 

Buy buy buy, we love to consume. We are not able to build wealth. TV, radio, smart phone...
Amazon, Apple smart pay...

4. Contradiction

5. Confusion

Countless books, countless videos. It costs you nothing.
You do not have ability to build wealth.

Seek information. It is out to think about...

Monday, February 25, 2019

FIX YOUR LIFE AND GET OUT OF DEBT! 💰 Break Out Of The Lower Class

Feb. 25, 2019

Here is the link.

Upper    20%  $100,000
Middle  40%   middle class
Lower   25%   Bottom 14%  Below $19,000
Bottom 14%

How to break out of the lower class?

#2 Budget your money
- collect all bills, statements and receipts
- determine your cash flow (in and out)
- go back a few months if possible
- list all of your expenses

Fixed expenses
Discretionary expenses

#3 Build up a rainy day fund

#4 Invest

- Invest in yourself ( learn more, earn more)
- maintain your standard of living
- put any surplus into assets
- grow pennies from dollars and reinvest

996. Number of Squareful Arrays

Feb. 24, 2019


It is hard level algorithm. I had chance to learn how to write this one but it took me too long to practice. I know that I have to push myself to work on data structure and algorithm again, now it is almost end of February 2019.

My practice

Here is my discussion link. statistics

Feb. 25, 2019


It is time for me to calculate how many interviews I practice on as an interviewer starting from January 2018.


2018, month by month from January to December, [1, 12, 9, 7, 12, 13, 12, 11, 11, 14,11,14], total: 127
2019, month by month from January to December, [15, 9], total 24

2019-02 February, total 9 interviews, interview dates: 6, 7, 8, 13, 14, 18, 19
2019-01 January, total 15 interviews, interview dates: 1, 2, 3, 7, 8, 10, 16, 17, 18, 21, 22, 23, 24, 30, 31
2018-12 December, total 14 interviews, interview dates: 5, 6, 7, 10, 11, 12, 13, 18, 20, 21, 24, 25, 28, 31
2018-11 November, total 11 interviews, interview dates: 1, 2, 5, 7, 8, 9, 15, 16, 19, 28, 29
2018-10 October, total 14 interviews, interview dates: 2, 3, 4, 10, 12, 15, 16, 17, 18, 23, 25, 26, 29, 30
2018-09 September, total 11 interviews, interview dates: 6, 10, 11, 12, 14, 17, 18, 20, 21, 24, 26
2018-08 August, total 11 interviews, interview dates: 2, 3, 6, 9, 10, 16, 20, 24, 29, 30, 31 2018-07 July, total 12 interviews, interview dates: 2, 3, 4, 10, 11, 13, 16, 18, 24, 25, 30, 31
2018-06 June, total 13 interviews, interview dates: 1, 4, 5,6, 11, 12, 18, 21, 22, 25, 26, 27, 28
2018-05 May, total 12 interviews, interview dates: 1, 7, 8, 14, 16, 17, 18, 23, 24, 25, 29, 31
2018-04 April, total 7 interviews, interview dates: 3, 4, 6, 9, 19, 23, 26
2018-03 March, total 9 interviews, interview dates: 2, 7, 9, 12, 22, 23, 27, 29, 30 
2018-02 February, total 12 interviews, interview dates: 1, 2, 5, 6, 8, 9, 14, 15, 16, 19, 26, 28 
2018-01 January, total 1 interviews, interview dates: 30
2018-01-25 10:00 PM I was interviewed
2018-01-25 11:00 PM I was interviewed
2018-09-21 I was interviewed as interviewee. 
One show case:
I documented how I worked with the interviewee to solve a hard level algorithm in less than three steps, and the interviewee showed off his strong problem solving skills to surprise me. 
Leetcode discuss: Here is the link. 
Julia's coding blog: Here is the link. 
My showcases:
12/31/18 at 10:00 PM Talking Narwhal interviewed by Platinum Burrito on
10/29/18 at 10:04 PM Lexical Lguana interviewed by Platinum Burrito on
7/11/18 at 10:00 PM Laser Egg interviewed by Platinum Burrito on

Sunday, February 24, 2019

5 Things I Had to Give Up to Grow My Career

Here is the link.

The silent killer of success

The best decision is to reduce optionality

Job hopping - learn and grow with one team

1. Other people's judgement

Care about what other people think and you will always be their prisoner.
                                        - Lao Tzu

Give other people to manipulate you.

2. Information overload

People today are in danger of drowning in information; but, because they have been taught that information is useful, they are more willing to drown than they need be.

- Idries Shah

3. What I thought I "should" become

Market - least practical decision
Learn how to adjust

4. My own judgement of other people 

It is humbling, to become the very thing you once mocked. - Gillian Flynn

5. My desire to be perfect

The pursuit of perfection is a disguise for insecurity.

- Paulo Coelho

Decluttering Life: Choosing What to Keep

Here is the link.

These Skills Are Hard To Learn But Pay Off For The Rest of Your Life

Here is the link.


It is not the strongest of the species that survive, nor the most intelligent that survives. It is the one that is the most adaptable to change.

  - Charles Darwin

7 Reasons Why Smart, Hardworking People Don't Become Successful

Here is the link.

1. Do not reach new people


Don't resist  Innovate

3. You're not willing to take risk

No risk -> safe option -> often boring and mundane

4. You believe that you can succeed based on your credentials

5. In real world, results are based on:

 Hard work
 Strategic thinking

Be aware of the value of your time

6. You can't commit a decision

An abundance of options makes decision more difficult

Do the research before making your decision

7. You don't believe in yourself

Underestimate their abilities
High standards -> their own worst critic

Here are short version of 7 reasons why smart, hardworking people don't become successful

1. You don't reach out to new people. 2. You are averse to change. 3. You are not willing to take risks. 4. You believe you deserve success based on credentials . 5. You constantly go after whatever is exciting at the moment. 6. You can't commit to a decision. 7. You don't believe in yourself.

The Pursuit Of Status How To Avoid Chasing The Wrong Things

Here is the link.

Diderot effect

One purchase can lead to many bad decisions.

4:45/ 7:47
Pursuit of status

Hierarchy -> zero-sum game

6:53/ 7:47

The greatest reward in becoming a millionaire is not the amount of money that you earn. It is the kind of person that you have to become to become a millionaire.

                            - Jim Rohn

The Most Powerful Way to Get to Your Biggest Results

Here is the link.

"There is only one thing that makes a dream impossible to achieve: the fear of failure." - Paulo Coelho

A tooth story

Feb. 24, 2019


It is a busy Sunday. I felt the swollen of an upper tooth. I should extract the tooth this January when I visited the dentist. I like to write a short story about the tooth.

Dentist visit

I visited the dentist this January. And the dentist asked me the option, extract the tooth and pay $120.00 dollars. Or deep cleaning for $90 Canadian dollars. I chose to deep clean.

Now it is only one month passed. The tooth is so painful, and swollen. I decide to pull it out as soon as possible.

How To Make Better Decisions

Here is the link.

This must be a good video with content I should learn. I am new to those concepts in the video.

I like to write down the notes showing at 8:8/ 8:44 first.

The market for lemons Quality Uncertainty and the Market Mechanism  By George Akerlof

Adverse selection

Circle of competence

"I can look at a thousand different companies and I don't have to be right on every one of them, or even 50 of them. So I can pick the ball I want to hit. The trick in investing is just to sit there and watch pitch after pitch go by and wait for the one right in your sweet spot. And the people who are yelling 'swing, you bum.' Ignore them

  - Warren Buffett


Solves real problems <-> Peddes placebos

Game of luck -> Now a game of effort

Judgements passed   ->   Opinions formed

1:37/ 8:44
Avoidance is expensive

3:24/ 8:44
1. Knowing what you know

2. Knowing what you do not know

video game for example,

3. Knowing how much you need to know

wisdom <-----------> wisdom required
How big is the gap between the two?

More than 70%                                              Less than 40%

pull the trigger                                               

7:32/ 8:44

The diet of the wise

Warren Buffett had to read reports, no internet age.

Nearly free -> Too lazy to read, too busy to think

Warren Buffett's 5/25 Rule Will Help You Focus On The Things That Matter

Here is the link.

1:48/ 6:24
Step 1
List 25 things you want to accomplish in the forseeable future

Step 2
Rank them in order of importance and circle the top five

What are you going to do with the remaining 20 items?

The importance of selected focus

Rewards of being a superstar

opportunity cost

3:08/ 6:24

So good they can't ignore you By Cal Newport

The craftsman mindset

Become an apprentice
 Learn the basics
Become a journeyman
 Add your own style
  Attain mastery

3:46/ 6:24
Will you really get around to it?

Higher priority/ More important

Learn 10 languages Vs Spend time with family

Pareto's principle
Most things in life are not distributed evenly.

Your "top 5" will have a greater impact in your life than the remaining 20 items

5:37/ 6:24

Do More of What matters

Finite resources

Warren Buffett's 5/25 Rule Will help you focus on the things that matter

This Is How Warren Buffett Made $85 Billion

Here is the link.

Financial Order of Operations: How To Prioritize Your Financial Goals

Here is the link.

My financial plan

Feb. 24, 2019


It is my personal financial plan. I like to write down my financial plan 2019.

My financial plan

I like to live under my means. My grocery should be less than $300/ month. I need to continue to rent the same place to save money. I need to push myself to learn how to invest.

If I have pay check coming in as usual, I like to save at least 40% of income every month. I like to cut expense of vacation to less than $500.00 dollars.

I need to understand what relative means, say no to relatives. As a single woman, what should I do to prepare my living in Canada.

The Worst Money Mistakes By Age (Part 1)

Here is the link.

Credit card should be carefully used. It is like a knife, it will hurt you.





Why wealthy families lose their fortunes in three generations

Here is the link.

You Will be POOR if You’re Still Doing these 7 Financial Sins

Feb. 24, 2019

Here is the link.

10:32/ 10:59

1. Not developing financial IQ
2. Investing into liabilities
3. Save to wealth mentality
4. Unaware of cashflow quadrant
5. Gives up during failures
6. Wasting your free time
7. Being afraid of hard work

More detail

5. Gives up during failures

Never use failures as stepping stones.

7. Being afraid of hard work
Being afraid of hard work and never take risk
Risk is around us all the time
No outcome is 100% certain

There are two types of people

Those who take pride in security ...
Those who take risks and explore opportunities ...


Here is the article.

Case study I

我85后,女马工,7年工作经验,在一家小初创公司,没股票,年薪14万。除去税和养老保险到手多少钱呢,我每个月到手工资6800*12 = 81600。这6800又是怎么分配的呢:

1。房贷2000*12= 24000

2。房产税+HOA = 13280

3。房屋保险+车保险 = 2000

4。电话费+煤气水电+网费 = 2400

5。汽油 + 保养 + licence renew= 3000




My analysis

I am working on personal finance research. I like to work on the above case, and see how t o work on investment based on my learning. 

$86,000 dollars net income, $15,000 - pay herself first into investment, or saving. 
$70,000 dollars goes to payment. 

$70,000 dollars does not generate any passive income? 
This is ridiculous stupid expenses. 

Case study II

再写一下我的老板,今年60,中国老头,没赶上所谓的互联网红利,但是做到小公司 VP 级别。开的是一辆马自达,大女儿大学私立之后,二女儿供不起了,只能读个公立。我 VP 当然也有中国老人的节省,天天带饭,穿的衣服我感觉是三十年前他出国的衣服。在 PALO ALTO 住,但只是 2B2B 的 townhouse。十几年前买的。前几天聊天说他 401K 才存了十几万,因为当时女儿读书用钱就没再存。


Town house - purchased over 10 years ago
401K - less than $200,000 dollars

Principal application with Hong Kong office

Feb. 24, 2019


It is time for me to help the principle applicant to file documents. I spent over three hours to read and write, and then prepare things for the case yesterday.

My nephew

It is so hard for me to work with 25 years old young Chinese male. I have to read the immigration letter dated on Feb. 20, 2019, and then translated word by word, and then paragraph by paragraph into Chinese. I shared the information through wechat.

Later I had to spend time to explain everything again in Chinese, and also explain every detail in wechat.

The young Chinese does not learn how to respect other people's hard working. He does not have work experience, and he does not understand the basics of politeness, and respect other people.

It is so hard for me to work with him.

I called his father twice, and his father told me that he would give his son a call to tell him take my call. I called again, he did not answer. And then I called his father again. He answered the first time.

Being a sponsor

It is toughest project for me to be a sponsor. One day I will know the result, no matter what it is, I have to learn the lesson and I do not want to make the same mistakes again. 

Weeky contest 125 performance review

Feb. 24, 2019


I move my research to personal finance. But I still like to continue to work on algorithm and data structure if I have time. One thing is to review my weekly contest performance.

90 minutes

Weekly contest only has 90 minutes. I will have 4 algorithms to work on. Usually last algorithm is hard algorithm, I do not read at all to save time.

Last week the third algorithm is tree algorithm. My strategy is to work on any tree algorithm, since it can be really easy to write and also I push myself to master all tree algorithms. Usually they are very good algorithm to practice, and also I like to give out tree algorithm to interviewees on most of time.

Usually  it takes me at least 5 five minutes to read one problem statement. If I cannot fully understand the problem, then I will have to take risk and learn from failed test case. It takes me extra time to pass online judge.

Right now, I do have time to write algorithm and data structure in weekdays, all week days after the work I have to push myself to learn personal finance, and also study more topics to explore the area first.

I do need to push myself to practice daily. It is difficult to build good habit to write code daily. But it is easy to break the habit. This time it is my personal finance research.

60 minutes lead board study

I spent 60 minutes to study lead board with ranking 1500 - 1700, I like to figure out some statistics related to those players with the score from 10 to 14.

My contest performance is here.

Saturday, February 23, 2019

Warren Buffett - HBO Documentary HD #Advexon

Here is the link. It is 90 minutes HBO video.

weekly contest 125

Feb. 23, 2019


It is my favorite weekly contest. I enjoyed the contest, and was happy to solve two algorithms. I like to write a blog to document my performance.

My performance

I wrote the third algorithm first. I really like to challenge myself on tree algorithm, since I interviewed over 100 people on and I got a lot of experience. In other words, I work on tree algorithms every week and I was amazed to work on top talent people in the world all the time.

I spent 30 minutes to work on the tree algorithm, but I still could not pass all test cases. The phone ring and I had to tell my sister to wait, I was in the contest and I need to get back to her after the contest.

I moved on the first algorithm first. I was in the pressure to score zero, so I had to push myself hard to solve the first algorithm. I finished the first algorithm, but only 14 minutes left. And then I went back to work on the third algorithm, I read the problem statement again, and I read the statement "the value should be appended to the end of the array". I fixed the bug and wrote very simple code, since it is the end and it should be right subtree.

I only had 8 minutes left, I did glance the second algorithm. I know that it should be simple but I did not have enough time to finish it. I started to play with my ranking and figured out what my ranking was.

I just played with ranking system until the end.

Here is my ranking.

Schwab S&P 500 index sel

Feb. 23, 2019


It is my personal finance research. After more than three months work, I finally have chance to put together all paper work I had with Par Technology 401 K, and I like to study one of options called Schwab S&P 500 index selection.

Index fund

Here is the fund statistics.

I sold the mutual funds in 2008 or 2009 and stayed in money market fund or bond from 2009 to 2019. I still park those money on there, I like to wait another correction before I put the money into index fund.

Personal finance research

Feb. 23, 2019


It is my personal finance research starting from Nov. 2018. I did look into who are best mentors as a self-learner, I wrote the first blog about "My best coaches in personal finance". Today I found out that I start to watch the content related to Warren Buffett. This is the first time I start to work on learning from Warren Buffett.

How the learning starts?

I think that the learning starts from financial difficulty to find a home in Canada in 2018.

I have a roommate who is good educated young graduate from university of Victoria, she keeps reminding me to go to Willingdon church. Somehow I learn that I like to find time to do more study related to personal finance research instead. I could not believe that I can learn so many things once I come out the idea to work on.

I try to figure out how to manage myself as a self-learner, I like to start from small case studies based on my past experience, based on transactions on my citi bank credit card statements from 1996 to 2019.

Warren Buffett - The World's Greatest Money Maker

Here is the link.

Warren Buffett: I'm not worried about America's future

Here is the link.

Warren Buffett’s First Television Interview - Discussing Timeless Investment Principles

Here is the link.

Warren Buffett

Here is the link.

How Buffett Did It: Building Berkshire Hathaway

Here is the link.

This Is How Warren Buffett REALLY Made 85 Billion Dollars

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Friday, February 22, 2019


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#1 Greed

#2 Sloth

Track expenses. Live under your means.

#3: Gluttony


#4: Envy
Keep up Johneses

FOMO: Fear of missing out

#5: Pride
Cost and benefit

#6: Lust

Material goods / new makeup

Allow time pass, 7 days to test

Do I really need that

#7: Wrath

Warren Buffett’s 10 Principles And Rules For Investing – How To Invest Like Warren Buffett

Here is the link.

Principle 1:
Focus on the future productivity of the asset

Principle 2:
Profits: 25% - 100%
(after tax)
Others: 12% - 20%

Never gamble with your money

Principle 3:

Principle 4:
When investing, if you focus on the prospective price change of a contemplated purchase, you are speculating.

Principle 5:
Don't keep watching of your stocks daily.

Principle 6:
Emotions aside

Irrational decision.

Principle 7:

Principle 8:
A "Flash crash"

Principle 9:
In five years, it will be worth double its current price.

4:06/ 8:59

With my two small investments, I thought only of what the properties would produce and cared not at all about their daily valuations. Games are won by players who focus on the playing field not by those whose eyes are glued to the scoreboard. If you can enjoy Saturdays and Sundays without looking at stock prices. Give it a try on weekdays.

Emotion aside


A "Flash crash"

A climate of fear is your friend when investing, a euphoric world is your enemy.

7:11/ 8:59

I have good news for these non-professionals. The typical investor doesn't need this skill. In aggregate, American businesses have done wonderfully over time and will continue to do so. Though most assuredly in unpredictable fits and starts.

7:43/ 8:59

The goal of the non-professional should not be to pick winners, neither he nor his "helpers" can do that. Rather, it should be to own a cross-section of businesses that in aggregate are bound to do well. A low-cost S&P index fund will achieve this goal.