Archive for December, 2008|Monthly archive page

Book summary: The Five Things We Cannot Change

Lessons from the book “The Five Things We Cannot Change“:

1. Everything changes and ends.
2. Things do not always go according to plan.
3. Life is not always fair.
4. Pain is part of life.
5. People are not loving and loyal all the time.

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Thanks to Prem for the link.

CDO and CDS

In the current financial crisis, the following two videos provide an excellent explanation in layman’s terms of the two financial instruments that got us in this mess.

Collateralized debt obligations (CDO): http://vimeo.com/1876936

Credit default swaps (CDS): http://vimeo.com/1907859