trying to do too much

I often feel like I am trying to do too much

  1. Teaching assistant for microeconomics
  2. Trying to write a book
  3. running two blogs
  4. a podcast
  5. 19 credits semester
  6. one independent study class
  7. side research for Upenn Wharton conference

Today I added two more things:

I am now trying to start a Pan-Asian Chapter at Villanova, and I am also now signed up to tutor the executive MBA class in introductory economics.

Other days, when I am sitting on the couch watching Netflix, I feel like I am not doing enough.

It’s a weird balance. Does balance exist for me?

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results and hard work

I’ve considered myself a hard worker for a while now

I remember getting up at 4:30 AM to practice two hours of basketball before school started because after school I would have 2-hours of rehearsal for musical theatre and I’d be too tired to play basketball then.

I wanted to balance both basketball and theatre as well as maintain top grades.

At Villanova, I’ve constantly taken a full-credit load because I want to learn as much as possible given the fixed costs of my semester tuition.

But I have not necessarily been seeing the results of my ‘hard work’

Which makes me come to two conclusions:

  1. I am either unlucky / the universe is unfair, or:
  2. I need to work harder

Option 1 I can’t control.

Option 2 I can, which means it’s time to amp it up and keep going. I haven’t burned out yet, I’m just getting started.

Necessary and destructive happiness

Happiness is a just discrimination between what is necessary, destructive, neither necessary nor destructive, and what is necessary and destructive

We need the necessary essentials: food water shelter

We should avoid the destrutcgive: violence hatred and corruption

There are things that are necessary but also can be destructive: the oil industry, corporations, and burning the Amazon forest (for economic growth for Brazil)

But happiness is having a surplus of things that are neither necessary nor destructive because those things are often the best

Air conditioning is neither necessary nor destructive, but I often find myself the happiest when I am able to sit on a comfy couch in a well-AC’d room in the summer, eating take-out sushi and watching Netflix with my dear friends and family i care most avout

undervalued investing

I feel undervalued by society

whether or not I am justified in that feeling is for discussion another time

but in general value investing theory, you are taught to invest in undervalued stocks and companies

so now is the time for me to dive deep into personal investments

academics, career, physical & mental health, passions, creativity, knowledge

time for me to invest as much as I can into myself

undervalued investments pay the biggest dividends

Misinformed, my opinion on opinions

I respect the right for everyone to have an opinion.

I also support freedom of speech.

But if your opinion is either:

  1. Not founded on any information, data, research, etc.
  2. Founded on false information, propaganda, etc.

Then you need to willing to accept that your opinion is flawed.

I have an opinion on almost everything, most of them are flawed. For example, I have an opinion on 50 Shades of Grey, in that there is a general negative connotation towards the book.

But my opinion is flawed because I have neither watched the movie, read the book, or done any prior research about what the story is about. I just simply have an opinion. I think everyone does.

However, if an advocate of the book/movie were to come up to me and be open to explaining the story and how there are beautiful nuances to the storytelling and creativity, I need to be completely willing to hear them out so I can better understand the situation.

In the same breath, if you have an opinion that is founded on false information (i.e. you read one source or you are a victim to propaganda) then you need to do a better job and understanding the topic through diverse sources, or else you fall into the spiraling trap of confirmation bias.

The best politicians and economists are not those that completely dismiss the other side. Instead, they understand many areas and try to utilize the best out of each perspective.

Full stop. I am a liberal. (Though, there are different left-right opinions regarding politics, economics, society, etc.)

But that doesn’t mean I support extremist liberal ideas, nor do I completely condemn all the ideas of the right.

I am a liberal (socially), but I respect capitalism and markets (more right-wing). I also believe in certain conservative approaches to tradition.

Full stop. I do not think Donald Trump is a good president. (Even though my opinion has no jurisdiction. I can Canadian, eh.).

I do not like many of the things Donald Trump says are does. But I’ve also done my research. And instead of condemning all the bad things he has done, I will point out the good things he has done:

  1. I believe that reducing the corporate tax rate in 2018 was a smart move on his part to help from billions of dollars worth of money back to America from overseas (Example: Apple)
  2. He is the only President willing to challenge China’s rising supreme power, which I believe can be a tactical move (however I do not necessarily agree with how he has approached the matter, nor his methods). I believe that China has had a bigger upside in trade with America and also has been a country known to curve around certain guidelines. However, I also believe that challenging China is roughly 20 years too late.
  3. Donald Trump has been active in trying to repair relationships between that of South Korea and North Korea.
  4. Donald Trump puts America first.

I remember back in 2016 when disliking Trump was an automatic response. It almost felt like “I hate Trump” could be a personality trait, just like my opinion on 50-Shades is. Yet, Trump had not become President yet, nor did we know what he planned to do, nor did many people actually understand his campaign. I personally believe that my opinion to dislike him is just a bit more grounded in information, having been a person who actively seeks to understand both sides of the situation. My opinion on 50 Shades of Grey? Not so grounded.

Opinions are powerful. And I respect people’s right to have them, and I believe sharing opinions is an even more powerful tool to incite debate and discussion.

I am still trying to understand how I can better understand people that fall into the first two categories (no information, or misinformed people).

Most of my opinions, as I mentioned, are flawed. But when I do have a strong opinion on something, I want people to know that I don’t carry that thought without any extensive research are thought on why I have that certain perspective. I want to know how I can help people understand the topics that I am passionate about. It is difficult for me to reach out to these types of people, and a part of me just wants to walk away and not debate with people who I know are clearly misinformed, but if I do that, I am afraid that my opinion will slowly die off. We live in a world of a sharing-digital era, and I’d feel remiss if I didn’t share my opinions.

If you see yourself having an opinion that is not based on information, I urge you to be open about someone helping you better understand the situation.

If you believe you are misinformed on an opinion, or that you only have on side of the story,, I urge you to seek out more diverse sources and talk to people more familiar with the matter.

So, does anyone want to explain to me why 50 Shades of Grey is a good story?

Winners and Losers: a cashless society

In Sweden, cash retail transactions have fallen 80%

Digital transactions in China have risen from 4% in the past 20 years to 34% in 2017.

A cashless society provides many benefits to society

Countries spend roughly 0.5% of their GDP managing physical cash

Consumers have better tracking of their money in digital forms, more convenience, and quicker and easier access to payments

Black market transactions dealt in cash will be strapped down

But consumers who value data privacy will also lose, as governments will likely use digital transactions as data

The poor and unbanked will lose out if cash is phased out

And society may become less democratic, with more power funneling towards institutions, governments, and financial corporations who control the digital system

 

Calculated risks

We make calculated risks every day – intuitively

How quickly can I jaywalk without getting hit by a car?

What if I run through a yellow light?

Eating spicy food

As I learn more about investing and trading, I’ve tried to apply those skills to life in terms of making calculated risks.

But not just intuitively. I love the idea of making decision matrices or weighing the options at hand.

My senior English thesis in High School was about the Paradox of Choice and how too many options in this world can put us in a state of paralysis of analysis. I found it interesting because I’ve used that knowledge to better my understanding of making – and going through with – certain decisions I make.

Of course, life offers many options. I chose Villanova over Toronto. I chose Economics over Finance. Every choice I make, I have to forsake something else due to opportunity cost.

But being too focused on opportunity cost may make your completely paralyzed and fail to actually make a decision.

And so there are two parts to being a great decision-maker: taking calculated risks (intuitively and planned), and making decisions and going through with them.

Being a great decision-maker. That is a strong skill to have.