Category: Uncategorized
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Can the Advent of AI be Stopped or Slowed Down? The Short Answer is “NO”
Since the introduction of ChatGPT last Nov, Artificial Intelligence (AI) development has exploded everywhere in our faces. In a short span of months, its rapid evolution has caused some like Musk to ask for a moratorium or to pause its growth for 6 months. It is simply not possible to stop AI’s progress, as we…
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The Death of the Banks’ Free Lunch – the Start of the Apple Assault
When my kids were young, they sometimes asked me what I do for a living. This ex-dark side banker will say that I am a magician. I create something out of nothing. There is basically very little economic value to what I do except to take a spread/commission out of every transaction. This could run…
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Reassessing Macro Economic Trends – What’s Next?
We are fast approaching Labour Day long weekend, the May Day holiday for the rest of the world except for America which celebrates it in Sep. We are almost into the mid-year mark and it’s time to review and reassess the macro sentiment for the latter part of 2023. By identifying possible macro trends ahead,…
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Ikigai – A Purposeful Life, Anger Management – Fox & Guns
I was introduced to the concept of Ikigai a few years ago by the founder of a local consultancy firm who believed that this Japanese teaching transcends into one’s reason for being. It provides a roadmap to a long and happy life by providing steps to help an individual unlock and discover his purpose in…
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The Advent of AI – Part Deux
A personal observation of the advent of AI (Artificial Intelligence) since my previous write-up in Feb: https://medium.com/@checkwoei/the-advent-of-ai-chatgpt-and-others-exploring-the-next-frontier-1bce9144aedf ChatGPT was only introduced to the world less than 5 months ago and the pace has accelerated exponentially in this short period. Many new inventive uses are being discovered and completed AI products are appearing on social media…
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Is Traditional Banking Obsolete After Recent SVB-Like Bank Failures?
This is what traditional banks have been doing for hundreds of years: They collect deposits from mom-and-pop types of customers who normally use only one bank for all their financial needs. These funds are mostly CASA (Current Account, Savings Account) deposits and are relatively sticky, meaning that they do not leave the bank very easily…
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Art of War (China Style) – Strategic Moves Ahead
China is one of the oldest civilizations in the world, having a continuous recorded history of about 4,000 years. Other than the period of time when the Mongols took over China and started their global conquest, China had historically remained relatively peaceful and non-expansionist except for periodic short skirmishes with neighbouring countries like Vietnam, Korea…
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The Credit Suisse Collapse and the Ongoing AT1 Bonds Fiasco
The recent bank run has claimed several scalps in the banking world and the biggest one was Credit Suisse (CS). After 166 years of operation, this prestigious name is no more. Its dramatic collapse happened within days after the SNB (Swiss National Bank) central bank forced UBS to take over CS at a fraction of…