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Jim Thio Profile and Articles
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1). Importance Of Positively Correct Expectation
In business, do we maximize profit or our business market value?
Well, it turns out both are the same. What we mean by maximizing our profit is that we maximize the amount of profit the business will generate in the future discounted by the interest rate.
And guess what, that's the value of our business.
The catch is we don’t know how much profit the business will generate in the future.
2). How Taxing Utilities Can Keep Governments In Check
Under free market, all companies can talk all they want that all the stuff they put there is for my own good. However, if the product is overpriced or if it doesn’t serve my interest to get the product, I just don’t buy it.
No companies, full with corruption and inefficiency, will last in the market, unless it is governments companies.
The same mechanism doesn’t apply to governments program.
3). Mass Casters With Flying Planes
In Warcraft, one of the best strategies for humans are mass caster. Combined with blizzard, stormbolt and thunder clap it can annihilate virtually all opposition.
Against ghoul, I sort of like storm bolt though. Storm bolt kills the enemy one at a time. Combined with bash, you can keep a metamorph demon hunter dizzy for the whole battle.
However, this strategy has one weakness.
4). Why You Should Pay High Interest Loan First
Paying your loan is like renting equipments.
You see, interest rate is like the rent cost of money. It’s like you are employing someone else’s money and you have to pay that money salary. In money, the money’s salary is often stated in terms of the ratio between money borrowed and how much you have to pay for borrowing such money. That ratio is called interest rate.
5). Why Income Tax Hurt Income Earners And Workers
All wealth redistribution comes in the form of the equivalent of tax and welfare. However, you need to be careful. Incorrect taxation schemes can result in less wealth for you. You see, by reading this website I would suppose that you’re poor or middle class wanting to skyrocket your income, right. Rich means owning a lot of money. If you’re poor and would want to get rich, you need to have a lot of income.
6). Evolution Theory And Humans' Nature
We all learn evolution theory in schools. Well most of us do.
However, what's taught in schools are just basic. What most people, especially religious fundamentalists do not want you to know is that evolution theory can very naturally explain human nature.
It's not in school. So I'll tell you here. I'll start from the least shocking conclusions first and then we'll go to the most politically incorrect ones people have been trying to hide from you.
7). Borrow Against Your Home And Pay Your Credit Card
Say you hire a worker at an expensive price, then a poor immigrant is willing to work for you at a fraction of the cost. What would you do? You fire the expensive citizen worker and hire the immigrants. See?
The same way, if your credit card company charges higher interest rate than your bank, you should hire money from the bank instead. It's the principle of appeasing the lesser evil.
8). Why High Risk Lead To High Gain?
There are many myths and facts about investing. Some pseudo facts are that, high return investments are risky and low risk investments are safe. The truth is, there isn’t any exact curve that’ll give risks as a function of return. Low return investments can be very risky too when fraud happens, for example.
However, the pseudo fact that risk correlates with return have some truth in it.
9). How Wealth Tax Is Better Than Income Tax
Wealth Tax
Do you want to move money from the wealthy to the poor? Well, tax wealth.
Wealth tax causes far less market distortion, and hence, much fairer than income tax. Wealth tax hurt productivity less. If you live in a capitalistic country, then your income is yours fairly. However, Bob’s wealth might not be traceable to productivity. Bob might have gotten his wealth through inheritance gained through slavery, or genocide.
10). Permanent Or Term Insurances?
There are many insurance companies in the world giving their life insurance quote.
It's pretty difficult to pick which one is the best. What should you do? One strategy that'll work is to keep switching insurance companies. Any company will make more money by selling to people who are more price sensitive.
A person needing an insurance may be willing to pay high.
11). Creep Towering
I strongly prefer faq to be in HTML, so people can move around the internal navigation easily. However, that is not required.
Creep Towering
In some maps, you can quickly build tower to kill the best creep. In fact, some creeps are so close together you can creep them all with 3-4 towers.
Your hero will gain huge experience. I usually follow this with a safe strategy like mass trolls.
12). Do Capitalism Increase Disparity Of Wealth?
The year is 1300 AD. The place in a small tavern in Peking. Somebody burst into the room. Alert! The mongol attacks with brand new weapons.
What weapon? Catapult? Horse Archer? Gun? Nuclear Weapon?
No. They subsidize their farm product and try to fire sell it to us here. Also many of their workers are willing to work here for cheaper price. Not to mention hordes and hordes of capital coming in to increase labors' productivity and sallary.
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