Tiger parents (Asians)

http://www.youtube.com/watch?v=3xz05GUU9I0&feature=related


How do some Asian parents push their child in school?

• Pushed into going into Ivy League
• Does not allow to go out during weekends
• Better opportunity of education in America
• Pushed into getting high SAT scores
• High expectations from parents 
• Studies during free time, during school, and out.

Source:
Date: November 2, 2010
Author: Unknown.
Accuracy: This video is found on YouTube thus not having a reliable resource although it is a great documentary about teenagers who face "Tiger parents" who push their children to strive hard academically.

Interview with Bond Trader

A.
1. The expert in my field is a bond trader, and they also trade stocks.
2. They trade stocks and bonds for a living, and so to make a profit in this field you have to know  lot about stocks.
3. The phone and two weeks ago.
B.
1.  What do you think of the future XIV? It's a high volatile inverse of a hedge.
2. What's a hedge? When people insure themselves for a negative event in the market.
3. How does volatility change in a stock, future or index? When good or bad news comes out it can change.
4. What is a good P/E ratio for a stock? There very high if people think the company will become good, but low if  it is very good.
5. Are there any resources you would recommend? The book Buffettology.

MEDIA'S LONG LASTING AFFECT ON YOUR LIFE

"How TV Affects Your Child"

An article about the long lasting affects of media you are exposed to in your childhood.

*Early exposure to media and television has an impact throughout your life.

*The article states that people who spend at least 4 hours a day watching TV have a great chance of being obese in the future, which will affect a lot of other factors in their life.

*Being engulfed in the Television can seriously hurt a child's developing social skills, which are a necessity in finding jobs these days.

*TV can pull children away from their homework, furthermore affecting their schoolwork which is necessary to excelling in high school and going to a good college and finding a well-paying job to support your future family.  

*Media can expose children to sex and drugs at a very young age and influence them to possibly do stupid things in their future.

*Media has a long lasting affect on every factor of your life whether it be obesity, behavior problems, social skills, and wits.

http://kidshealth.org/parent/positive/family/tv_affects_child.html#

This source is reliable because it was published only a bit over a year ago and reviewed by an MD who knows a lot in the field of study and was found on a big name site for parents and child heath.  

10,000 rule

• the magic number that researchers believe is 10,000 hours of practice.
• Noone is born naturally talented.
• The only way you can become good is by practicing.
• No examples of naturals who are supreme athletes/artists/musicians at this period of time.
• Researchers also did not find any "grinds" which are people who work harder than any other people but did not make it to the top.
• Researchers believe Mozart's early works are not outstanding. The earliest pieces were all probably written by his father
• His first 7 concertos were largely arrangements of works by other composers. The earliest that is now regarded as a masterwork was not composed until Mozart was 21, by then he had 10,000 hours of practice.
• Are there such things as natural athletes or does it take practice?
• Do the kids who do not have much money in their childhood able to still becom professional?
• Are kids with less money limited to practicing or do they focus more on practicing because they can't afford to do anything else?

Summary:
This chapter explains how kids with less hours of practice will not be able to become professional.  This chapter also shows that people who do not put in effort and practice can't become successful.  Researchers believe the magic number is 10,000. this book gives examples of successful people who have put the time in and also people who have not made it because they slacked off a little bit.  It says in the book, "You have to have parents that encourage and support you.  You cant be poor, because if you have to hold down a part-time job on the side to help make ends meet there won't be time left in the day to practice."  This makes me wonder if people with less money coorelates to being successful.