Thursday, August 09, 2007

NYC training, 5th - 6th Aug 2007

The second day is at Thousand Islands, 3.5 hours away from Niagara Falls.



Country Houses



On board



I can't remember which houses belong to who. All I know is these people are rich and famous, and they buy one of these 1700plus islands and built houses, vacation homes, party house or castles on it.







These small land mass qualify as islands, probably one of the smallest classified islands in the world












This is a sinking house

see that water garage

This is the shortest international bridge in the world. the left side of the bridge is on Canadian land while the right side is in the States. Sweet.





Steamboat at Chinatown

A little conversation:
Boy:
I dont like kids.

Girl:
Yah rite. You so happy when playing with wayne wayne?

Boy:
Erm, ok i like kids who are between 3 and 5 when they are still cute.
Hmm, actually if we can have kids but dun need to take care of them, it's pretty nice.

Girl:
Yucks!

Boy:
ey, maybe we can trade kids.

Girl:
huh, everything you also want to trade. xiao hai zi also can trade meh

Boy:
Basically if I can price xiao hai zi, I can make a market for them.. Each xiao hai zi will be cash generating once they start to support their parents, I could then discount their expected net cashflow, price in the optionality embedded that they will default (i.e. unfillial). Of cos, you could also do xiaohaizi swaps or repos to try out different personalities. Or maybe I could just be a broker and take no search risk in this shallow market.

Girl:
you are crazy, then how you price your wife?

Boy:
I don't need to waste time pricing liabilities.

Don't ever engage in this kind of conversations. Beware!

1 comment:

Anonymous said...

On the surface, a wife seems to be a liability. but din you realise she is the underlyin instrument who supports you so that you will be of good market value to gain a good price of yourself too.

Rethink.Haha.

U r a crazy trader.