Sunday, September 13, 2009

I wish I had the benefit to time travel and come back to the point of departure, or back to 'real time' so as to take full advantage of the benefit of hindsight.

Now I know why I thought abstract math was hard, but today it just seems like a piece of cake. A good starting point is to understand what exactly is the question, and what is being postulated.

Friday, September 11, 2009

War and Peace
Beginning of Book Three

"We are forced to fall back on fatalism to explain the irrational events of history (that is to say, events the intelligence of which we do not see). The more we strive to account for such events in history rationally, the more irrational and incomprehensible do they become to us.

Every man lives for himself, using his freedom to attain his personal aims, and feels with his whole being that he can at any moment perform or not perform this or that action; but, as soon as he has done it, that action accomplished at a certain moment in time becomes irrevocable and belongs to history, in which it has not a free but a pre-destined significance.

There are two sides to life of every man: there is the individual existence which is free in proportion as his interest are abstract; and his elemental life as a unit in the human swarm, in which he must inevitably obey the laws laid down for him.

Man lives consciously for himself but unconsciously he serves as an instrument for the accomplishment of historical and social ends. A deed done is irrevocable, and tha taction of his coinciding in time with the actions of millions of other men assumes an historical significance. The higher a man stands in the social scale, th emore connexions he has with others and the more power he has over them, the more conspicuous is the predestination and inevitability of every act he commits.
"The hearts of kings are in the in the hand of God."
A king is the slave of history/
History, that is, the unconscious, universal, swarm-life of mankind, uses every moment of the life of kings for its own purposes.

Tuesday, September 8, 2009

A Credit Memo consists of:

Executive summary
Exhibits
Term Sheet
Company Background
Industry Analysis
Financial Analysis
MFA spread

ROE
DOA
KYC key yield c???
e...
Financial model

Sunday, September 6, 2009

F's experience

Copy from people who can be good role models. Learn from other people. Learn about traits from other people.
Smart studying or exam test strategy include
Making sure you have no question marks about anything
Or, if you still have questions make sure those things are unimportant
Expand on sub bullet points after class
There may be things in class that I don't understand, but it involves going online or Wikipedia to look it up
Get notes from other people

What HK students do:
Get the problem set from other people to copy
Study from your problem sets ("cheating")

Disciplined.
Don't get addicted:

Remember, the 1 h spent on FB could have been used to:
Chatting with people
Exercising
Reading a news article