Comments by "林子倫" (@zilun) on "China Observer" channel.

@NightinGal89 Master’s degree in what? Gender Studies or Electrical Engineering? I once asked a bunch of Asian female students in my University what they are studying, and they said TESL, pronouncing it as tessle, as if everyone knows what that is. I asked what that is. It’s “Teaching English As A Second Language”. Didn’t know there’s a degree for that.
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@SomeThingMaybe can’t think of ≠ can’t think You need better language teachers
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@NghtMonster I don't choose women based on looks. I have degrees in physics and industrial design. I'm currently worth US9mil. My gf didn't go to college. She is broke. She isn't gorgeous. I keep her around because she has no temper, doesn't yell at me, doesn't tell me what to do, doesn't whine on and on about how others have it better and I need to man up to give her that. Men look for women with maternal nature. Men look for good candidates to be a caring mother of their children. Stop going to clubs and think that's all men. I'm 53 and have never been to bars or clubs. I'm one very, very boring dude. I travel to look at other culture's architecture, city planning, and I go on ski trips, that's all. Women don't know men like me exists, we are invisible.
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@midori4760 That's a big part of why they are failing to to start a family. They are older, but they believe they have more to offer than women a decade+ younger than them because they have a master's degree. Men do not care. That's like unemployed men in deep debt with no chance of regaining any financial security saying, "I'm good tempered, very maternal, young and pretty, I'd rather be at home with kids than shopping, I enjoy making my home a comfortable environment for my family, I'll see my wife's family as my own family. So I am the catch women can only dream for. A women will have to top all these great qualities I have or there's no point in me compromising just to get married."
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Chinese have this weird mentality which they don't see home loan as liability but as investments. They think once they buy a home beyond their means, they've gained and secured assets equal to FUTURE value of that home, and they see liability of debts that come with it not as debt but as "forced savings toward their future". Which is why housing price anywhere in the world where Chinese buyers are fueling do not make sense. They are wrong but they'll tell you we are the ones who don't get it.
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@Pielewap420 China's economy depends on having an economic relationship with U.S. Dude who made that happen said so himself. 'Countries friendly with Soviet stay poor, countries friendly with U.S. get rich.' -Deng Xiaoping.
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Well, Xi isn't very smart. He is also delusional.
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Umm ... definition of ordinary is qualities most people share
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@well-blazeredman6187 No man ever said they deserve a tall wealthy pretty woman on the basis that they are thrifty.
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@daveevad3524 Yes. Men with wealth can afford to have a stay at home mom. Most men are also content with very little. Only power hungry politicians lacking resources are attracted to women with resources and power connections.
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Investing is NOT gambling. Invest in U.S. blue chips stocks and pay attention to quarter reports of companies you have stakes in. If that’s too difficult, just hold S&P500 long term. I retired 20 years ago at 1.2mil. Never worked since. I’m now at 10mil. Problem with these people is they want to get rich quick. They aren’t looking to build wealth over decades. They also just jump on to whatever “they heard” are good opportunities with little care to what’s actually going on.
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You give them too much credit. It is not about over projecting potential growth. It’s that for every infrastructure development, officials overseeing its development can steal a cut from its budget. The more the developments, the bigger the developments, the more $$$$$ they can steal.
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@martinroa1480 CCP was willing to starve 40million to death over politics. Xi's CCP isn't any different from Mao's CCP. Between securing personal absolute power and securing people's economy, Xi will pick former. Kim doesn't need an economy to maintain absolute power, does he?
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@OctavioAraujo I don’t agree greed is a problem. I have more than I ever need but I still want my investment to grow even more. The more the better. I don’t see a downfall from this mentality. I’d think the culprit ruining investments is ego. People have this ego thinking they know what they are doing when they are actually clueless. Their ego also make them believe they can handle risks beyond their control.
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Yes. American tax payers paying for operational costs of Chinese companies profiting off Americans is ridiculous.
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Only U.S. is 4X. European nations are at 6X, Japan is 10X. But yes, money that does not exist can’t magically exist, so home prices have to match local annual income. If we work 21~65, that’s 44 years of work income, home price higher than 10 years worth of income is way too high and unsustainable.
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They think what they look for in men is what men look for in them. They don’t understand men.
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That's not how China sees it. China is so delusional that it thinks it's China providing for U.S.'s & Taiwan's economy. China's state media had stated countless times that 'U.S./Taiwan need to learn they can't eat from China's rice and smash China's pot'.
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@allenl9214 Nope. It was BRK, V, MA (bought at IPO), Heinz (acquired by BRK, no longer traded), and AAPL. I held Starbucks when it showed signs of recovery from bad management. Big ones I missed out on was Google’s IPO and eBay. I try to minimize my risks, and those two had some risks when I took interests. Obviously the biggest one to miss out on was Microsoft, but I was just a kid in the 80s, I didn’t know jack about investing back then. I would have done just fine with all in S&P500, not as good but good enough.
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The super wealthy. S&P’s long term average annual return is 10%. If you can get a Lombard Loan at 5%, you can get that extra 5%. However, it’s good to consider it if and only if cost of holding that loan is negligible while gain is worth the hassle. You may be asking, well, it’s 5% cost and 5% gain after cost so that 5% can’t be both significant and insignificant at the same time. Well, if you have an investment portfolio of 20mil, it’s going to fluctuate +/- 2mil, so 500k annual cost of having a 10mil Lombard Loan becomes negligible compared to your net worth’s fluctuation, but you now have an extra 10mil to snowball starting with 1mil first year, which over long term, can add more strength to your portfolio. It’s not worth the hassle if your net worth hasn’t reach that point. I’m approved for 3mil loan but I haven’t borrowed a single cent because at where I am, focusing on what I already have is still better than diverting my focus to what more can I do with what I don’t have.
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Home price to annual income, U.S. 4:1, China 40:1.
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@htee7426 Both. No matter how much these people brag about values which their properties had escalated, if all costs associated are accounted for, their gains still don’t outperform S&P500.
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@well-blazeredman6187 It isn’t just frugal men who don’t care about women having a degree. Billionaires don’t care either. I am frugal in a sense that I don’t waste money on luxury boutiques, but I recently gave my gf US$100k to setup an investment account she never had so I can mentor her how to invest. She didn’t go to college. She doesn’t work. I let her sleep till noon. Why do I tolerate this? She has no temper, she doesn’t argue and she doesn’t tell me what to do what not to do.
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@well-blazeredman6187 Generous successful men care even less about his potential wife having a degree, because he can afford to let her stay at home. I know a mom with two kids planning for 3rd. When she met her husband, he was already making 200k a year. She served him coffee every morning at Starbucks. She was two decades younger than him. That was how they met.
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@Commentator488 Where did I say women can’t do those things?
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@Commentator488 Never said any women have to be what I like. Can some men choose not to be providers, choose not to work, and be stay at home dads who take good care of their children while their wives provide? Can they choose to be more concerned with looking young and healthy instead of improving household finances? Yes. They can. They can be whatever they want. But them seeing themselves the catch over “traditional” men who provides, is them being delusional, and them believing women aren’t interested in them are just intimidated by them breaking gender mold, is them being delusional.
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@Commentator488 Never said any women have to be this way or any men have to be that way. Anyone can be and do whatever they want. But if they think having qualities of what they look for in opposite sex makes them a catch, they are being delusional. Women who are financially capable still look for men who are financially even more capable. And btw, it’s Southeast Asian poor countries that we see women working in typically men’s jobs, like hauling cement, driving trucks, cleaning sewers, etc. because they don’t have a choice. Statistics show western progressive wealthy countries where women have most options, have highest ratio of full time moms, because they have the financial luxury to have that choice.
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@mikesaetern8263 U.S. debt is highly sort after AA+ investment. U.S. debt held by China is about two days worth of U.S. debt's trading volume. China can sell all for RMB, it'll be absorbed by the market within a week or two without affecting value of USD. However, China will then be unable to trade globally as trading partners want to be paid in U.S. debt, not in RMB. U.S. debt is high because every country on this planet wants to hold it as a currency for global trade. Can't say the same for other countries' debts.
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It's the corrupt politicians pocketing those billions but it's their countries which they ruined being tied to those trillions in debts.
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@lucia-di-lammermoor I’m worth US$9million. My girlfriend of 8 years is dirt poor without college education, and unemployed. We don’t care about how much money women have. My girlfriend has no temper, never bosses me around on how to do my finances. She knows I’ll be donating most of my wealth when I pass away and only set aside a small trust to take care of her if I can’t be around, where she gets only US$30k a year. Doesn’t bother her. I think real estate here in Taiwan is way overvalued so I still rent but own a US$2million vacation home in Japan. She never complained because it’s not her money. She gets to travel and see the world with me, that’s enough for her. Most importantly, I know for certain she will never ever sue me. Women are clueless as to what men want. Never, ever nag on wealthy men how they need to manage their finances. They know what they are doing, that’s why they are wealthy. That’s like gym instructors berating Tadao Ando on how to be an architect. He would tell them to get lost.
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@GTX311 Marrying rich women won’t protect your wealth. Protecting your wealth is the only thing that will protect your wealth.
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They aren’t even actually buying it. They are just prepaying 70 years lease upfront.
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 @marvelcomiks8078 Yes CCP can rob him clean. But investors around the world are watching.
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