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Showing posts from May, 2006

From HSIF gambling to Merton's Continue-Time Finance

2 years ago, I was gambling on HSIF ( mini HSIF actually ). Last week, I bought a book from the Noble Price winner R.C. Merton - Continue Time Finance. Frankly, I am very willing to buy it. Although what in my mind is still only want to take a look on the book of a famous prize winner, I am very willing to paid the 35 quids. Once I open the book, I become humble. How can a person can achieve such completeness of a field? After reading the first chapter, I totally agree his ideology on how should the modern finance develop. Very challenging! Even more challenging than flying a Boeing!!! His book is something not easy to understand. May be my english level is still low, but everyone should agree his contribution toward modern finance and his thorough idea about arangement of chapters. From agent's choice, discrete time cases, transit to continue time. Once the agent's choice about portfolio and comsuptions developed, the focus then on the option pricing ( again from discrete towa...

intermssso

08 May, 2006. 1:00am. I am listening BBC Midland, news at one o'clock. Flourscent light is yellow. smell of grass and the night breeze enter my room reminding me this is the summertime in UK. Only myself remind myself I am living in the year 2006. It's important to remind myself I am in 2006. Religon is something far and close to me. Frankly, I pray somethings. Usually talk to lord when I want to. But, I am not a christian nor catholic, not any religon at all. However, I truely believe in Lord. I watched a documentary about Plastic Surgeory. I saw how doctor do the cracy but smart things to human....use a 1 meter long stainless stell tube to remove fatty issue, use a plastic bag to enlarge the breast, remove some skins at the head, reshape the bone of toes, remove nerve from pennis.....My only comment is how amazing the power of Lord, it is definitely the power of lord to recover human body. Docotor is only doing the jobs under the conscent of Lord. life is what the lord gi...

Snooker Champion 2006

I watch the snooker championship 2006 today. the game lasted for 12:00 hours. I had watched from 4:00pm-1:00am. This is the first time I watch TV so long in UK. It means I am really taking a break. Exam is done. Half of the work is done. Frankly, I think the MSC is just a beginning only. If I want to go further in Finance, I need to work hard for the rest of my life. And no able to hang around at any stage too long. Let me pick up again my determinations, my hardworking, my discipline piece by piece. And reshape myself and move to the next stage. Well, i want to look at more detail about the equity market and what a i-bank does at the moment. Next, look at my dissertation and then prepare it well. I still have the chance to get a distinction!