(RTTNews) - The Malaysia stock market inched higher again on Wednesday, one day after ending the three-day winning streak in which it had climbed more than 25 points or 1.5 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,685-point plateau although it may hea
(RTTNews) - The Malaysia stock market inched higher again on Wednesday, one day after ending the three-day winning streak in which it had climbed more than 25 points or 1.5 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,685-point plateau although it may hea
Hong Kong’s retail leasing market remained under pressure with rental rates far below the pre-pandemic levels, while Beijing’s crackdown on capital flight and a potential rate hike in the second half of the year by the US Federal Reserve would add to sector uncertainties, according to analysts. The food and beverage sector has seen numerous closures of both casual eateries and high-end restaurants...
Hong Kong’s retail leasing market remained under pressure with rental rates far below the pre-pandemic levels, while Beijing’s crackdown on capital flight and a potential rate hike in the second half of the year by the US Federal Reserve would add to sector uncertainties, according to analysts. The food and beverage sector has seen numerous closures of both casual eateries and high-end restaurants in recent months. Fast-food chain Maxim’s MX scaled back operations and closed its South Horizons...
Sundry Photography/iStock Editorial via Getty Images Introduction Asset allocation relies on the observation that various investment asset classes offer returns that are not perfectly correlated; otherwise, why bother if risk and return are the same regardless? Academic studies show that building portfolios with multiple asset classes will help to optimize risk-adjusted returns, with the asset all...
Sundry Photography/iStock Editorial via Getty Images Introduction Asset allocation relies on the observation that various investment asset classes offer returns that are not perfectly correlated; otherwise, why bother if risk and return are the same regardless? Academic studies show that building portfolios with multiple asset classes will help to optimize risk-adjusted returns, with the asset allocation decision maybe accounting for 90+% of the return achieved. The studies looked at historic results compared to peers' allocations and results, they were not attempting to determine what or how to set the optimum allocation or best rebalancing timeframe. iShares Core ETFs allow investors to choose different allocation levels ranging from a conservative 30/70 to an aggressive 80/20 splits. Here I will review the iShares Core 60/40 Balanced Allocation ETF ( AOR ) as that is a commonly recommended stock/bond allocation. The AOR ETF rates a Buy as Core holding to expand upon so the investor has the risk/return combination they desire. Why Asset Allocation? As the next table shows, the assets chosen do not have the same return, risk, or similar movements. The first table shows return data over recent history. PortfolioVisualizer While only the last ten years, the returns reflect a longer history, with stocks being where investors needing growth should be. Of course those same stocks come with more risk as shown next (data back to 1992). PortfolioVisualizer Looking at the Sharpe ratios, stocks still were the best investment though LT bonds were not that far beneath SC stocks. Spending research time deciding between LC and MC stocks would have added little benefit. Having assets not 100% correlated will reduce the StdDev and the maximum drawdowns an investor will experience as shown later. PortfolioVisualizer If all the correlation values above were 1.00, there would be no need to hold multiple classes of assets but as can be seen, that is not even true within the stock asse...
2026 年 5 月,加利福尼亚州奥克兰联邦法院,马斯克起诉奥特曼案的审判现场。 OpenAI 的律师 Bradley Wilson 走向法官,递上一件小东西。那是一座小型金色雕塑,白色石头底座,造型非常写实。 乍一看还以为是 FIFA 世界杯的奖杯,凑近了才发现是一头驴的后半身:两条腿、一个屁股、一条尾巴。 底座上刻着一行字: Joshua Achiam, never stop being a ...
2026 年 5 月,加利福尼亚州奥克兰联邦法院,马斯克起诉奥特曼案的审判现场。 OpenAI 的律师 Bradley Wilson 走向法官,递上一件小东西。那是一座小型金色雕塑,白色石头底座,造型非常写实。 乍一看还以为是 FIFA 世界杯的奖杯,凑近了才发现是一头驴的后半身:两条腿、一个屁股、一条尾巴。 底座上刻着一行字: Joshua Achiam, never stop being a jackass for safety. 约书亚·阿奇亚姆,永远不要停止为安全做蠢驴。 律师试图把这玩意儿作为正式证据呈递给陪审团。法官的反应被多家媒体记录了下来,只有一句话「I don't want it(我不要。)」 最终,这座金色驴屁股没有被法庭采纳。法官说可以考虑在佐证故事时允许,但不想把它作为正式证物收归法庭。OpenAI 律师后来也没把实物展示给九名陪审员。 但它在互联网上完成了自己的使命,让全世界知道了 Joshua Achiam 这个名字。以及,他和马斯克之间那段荒诞的往事。 把时间拨回八年前。2018 年 2 月,OpenAI 一间会议室里,坐着大约 50 到 60 名员工。Elon Musk 正在发表他的告别演讲,那时他因为 Tesla 与 OpenAI 在 AI 人才上的竞争冲突,决定离开董事会。 25 岁的 Joshua Achiam,入职才几个月,在会议室里举起了手,打断马斯克的离职演讲。 他听起来像是在竞速冲向 AGI。他在 Tesla 追求 AGI 的计划,显然不安全、很鲁莽。 这是他在 2026 年法庭上的原话复述。而马斯克当时的回应,也被他一字不差地记了下来: He snapped and called me a jackass. 他发飙了,叫我蠢驴。 八年后坐在证人席上,当马斯克方的律师试图替他找补,说马斯克可能只是想用这个词让他「走出舒适区」。 Achiam 直接拒绝了这套叙事,他在法庭上说: I don't think that was why he called me that. I think he was just upset that he had been challenged. 我不觉得他是为了让我走出舒适区。我觉得他只是被挑战了,不爽。 总之,可以想象一下那个画面:一个二十多岁、2017 年才刚作为实习生入职的年轻人,在全...