There are 2 sets of people

There are 2 sets of people in the world:

Those who watch TV and those who appear on TV.

Those who watch the news and those who make the news.

Those who want to be perfect and those who realize that perfection is something that happens with time.

Those who start their own businesses, and those who wait for the "right" moment to do it.

Those who say, and those who do.

Those that keep doing it, and those who give up.

Those who are defined by their convictions and those who let others define them.

Which one are you?

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No one knows what it's all about

We are all in a rat race, whose beginning we do not comprehend, and whose end we cannot fathom. Therefore, in typical human fashion, we have invented systems that keep us sane, as we try to figure out what it's all about. We invented religions, economic systems, socio-cultural systems, political systems and so on, all to make meaning out of our lonely and short existence. But all this has fallen short of fulfilling us. We know we are on a journey, but don't know a journey to where. We do not know how we will know once we get there. Is it possible that the destination is behind us, but we have not recognized it? "Preposterous," we think to ourselves. Aren't we higher beings able to shape our own paths? Would we not know where our paths are headed? History does not agree. Every system that has been built seems to have been the ultimate one. Political & economic systems have struggled to lay claim to the title of the "best" and most "sustainabl...

How well-meaning parents ruined us

Growing up, it was common for our parents to encourage us and tell us how we could be anything we wanted in life. "You can do anything you set your mind to do!" They would cheer us on. "Even the president?" We'd ask unconvinced. "Yes, you could even become the richest man in the world!" All this fascinated us. We vowed to ourselves that we'd in fact become people of substance who would be recognized in the entire world for our achievements. We'd ride in super-yachts like Abramovich and the rest of the mega-rich. We would produce life changing inventions, innovating our way to stardom. We'd become the next prodigy in music and sports. All this is well and good, meant to lift our spirits. Assessing our lives however, no matter how much effort we have put in to realize our dreams and visions, they have eluded us. We have become adept at doing other things though: commenting on FB posts, retweets, identifying the hottest political issue...

Analyzing a carry trade proposal: Short USD, go long on bitcoin

I recently completed an assignment for an International Economics Policy class which entailed designing a carry trade. A carry trade is a financial transaction that involves borrowing (short) in a low interest currency, and lending (go long) in a high interest (yield) currency. For instance from Bloomberg 's rates for bonds, this would involve borrowing in Swiss francs (rate is -0.15 percent) and lend in New Zealand dollars (rate is 2.83 percent). All else remaining equal, the carry trade would yield a rate differential of 2.83+0.15 = 2.98 percent. Note: this is an unusual case where the interest rate we are borrowing from is negative; usually, this would involve subtracting the first interest rate from the second. For instance, borrowing in Japanese yen (0.04 percent) and lending in Kiwi dollars (at 2.83 percent) would yield 2.79 percent as profit. My carry trade in this case involves borrowing in USD at a rate of 2.33 percent, and buying bitcoins. But, what, you may ask, is the...

Munene, the journey...

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