February 13th, 2013 9:50 PM by Eric Fang
Some borrowers asked me the rates trend today,I told him that to check my monthly running milagefirst. Whenever the rate is good, my weekly/monthlymilage is low; if the rate is high, then my milagewill be higher(more time for the running). AndI fiished 121 miles for whole month of January,and I already completed 70 miles for first 12 daysof this Month.
Seriously, the interest rate for the next 30 dayswill determine the rates for this year. But mostlikely, the lower rates were over. The reason we need to check the next 30 to 60 days is thatwe need to find out how the government budgetcuts affect the economy. I still believe the rateshould be better than current level.
Charlie Munger, the partener of Warren Buffett likesread a lot. I wish I could be like him. I just finishedTwo books on investment, and I am working on "The Essay of Warren Buffett: Lessons for CorporateAmerica". I will try to understand the financial statementsfor those companies I invest. I know some fund managerswill read about 10 reports per week, I wish I couldfinish one each week.
So far I did not trade any transactions yet. I thinkI would make 2 or 3 trades this year. Don't know why I am so patient now. Maybe that is because of running, maybe because of my getting older now.