Many avid investors are wary towards investing in tech stocks as the tech scene is changing too rapidly. In other words, it’s a common phenomenon that the market leader today might be lagging behind its competitors tomorrow.
If even ordinary investors can see black swan events coming, are “black swans” still hard to predict? And if the stock market already priced in “black swan events”, will the impact still be catastrophic?
According to a recent Straits Times article reporting the findings of the latest Marriage and Parenthood Survey, six out of 10 single (meaning unmarried) Singaporeans aged 21-45 are “not dating seriously”. “Not dating seriously” means not dating with marriage in mind.
Last week, a colleague of mine talked about uninstalling a game in his mobile device (which he had been playing for about a year) for the third time. For the previous two times, he had gone back to playing it because the game was simply too addictive. This time, he intends to part with the game for good by selling his high-level account. That would be a life-changing event.
Which is the most expensive city in the world? Singapore? Tokyo? New York? You’d be surprised— according to Mercer’s latest cost of living survey, the champion goes to Luanda, the capital city of Angola, Africa.
The late Mr Lee Kuan Yew’s old house at 38 Oxley Road was in the limelight for the past few days as Singaporeans watched the FamiLEE drama unroll. But family/political disputes between our Prime Minister and his siblings might not be on the top of Singaporeans’ list of concerns. Despite the reported economic rebound, Singapore’s economy is still under the pressure of falling consumer spending, rising unemployment, rising pay gap (wages growing faster than productivity), as well as rising household debt to GDP ratio.
Pessimism lingers in the air as Singapore’s job market remains challenging. One can notice that not only fresh grads but everyone who is concerned with money, face a growing sense of insecurity.
Forget about demanding at least average starting salaries. According to recruit firms, those who are fresh out of school seem to be more willing to settle for a smaller paycheck.
At the start of the week, I came across an article which made my “Monday blues” feel bluer than usual. The title of the article is “HSBC Gives 5 Reasons Why Millennials Can Forget About Retirement”.
“I believe the future belongs to Artificial Intelligence (AI),” wrote 19-year-old Chinese Go prodigy and current world number one player Ke Jie on his Weibo before his showdown against AlphaGo, the artificial intelligence programme developed by Google’s DeepMind team.