Progression
Im not talking about life here but the mathematical sequencing of numbers. Specifically Geometric progression.I might add at this point that I am currently struggling with my finance course. I am only taking it because it will allow me to graduate with an Econ major; I feel like killing myself because I much rather take a class on the European Union or the class on Transitional Economies. But noooo...I had to choose between Financial Economics or Taxation. Both seemed rather bad choices to me, so I figured either way I was screwed. :(
Anyway, I can't believe I cannot calculate my annual yield on a bond because I have forgotten how to calculate my geometric progression. It's frustrating me! I have been stuck on this basic concept for the past hour!
The great thing is that I am getting the theoretical concept of hedging. Last weekend was Chinese New Year, and so my roomies and I had a little get together at my house. Some of the guys started to play Texas Hold'em, but I decided to hone my mahjong skills. Then Nick (my 5th room-mate) decides to bet money, but the other guys are unwilling to lose their $2 to Nick. In the spirit of fun, I financed a total of $4 to 2 players (an American and German guy) -- come on, Nick can't bet with himself right? Exactly what my Professor was talking about in class! Hedge your risk! Because the American lost and the German won! YAY!
Well, even if I applied the wrong concept, I still did win $16 without lifting a finger. Kekeke...
p/s: I would still be miserable as an Investment banker.
1 Comments:
so nick is your 4th roommate.:)
and the germans won!! good post, haha
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