Sunday Market Day along Soi Pradit, Bangkok

soi-pradit-market-sidewalk

I was in Bangkok on a Sunday morning, wandering on my own  when I stumbled onto this local wet (fresh produce) market along Soi Pardit. Visiting a market is one of my favourite way to appreciate a new culture while travelling.

This picture was taken in a laneway just off Soi Pradit. I loved how everyone looked so happy and relaxed in this picture. This is what Sunday are for, being with family, friends and the local community.

Advertisements

Putting Complex Investment Arithmetic into the Right Context

Image

“In 44 years of Wall Street experience and study. I have never seen dependable calculations made about common stock value that went beyond simple arithmetic of the most elementary alegbra.”

“… whenever calculus is brought in, you could take it as a warning signal that the operator was trying to substitute theory for experience, and usually also to give to speculation the deceptive guise of investment.”

Two ever relevent insights from the late Benjamin Graham (economist and professional investor) especially in light of modern high speed automated trading in today’s markets and the importance of market experience.