Financial Pornography?

I was dozing off in my financial anaysis class, then out of sudden I heard "it made no sense, it is FINANCIAL PORNOGRAPHY!!" said our VERY VERY financial professor J. Totally dragged me back from the la la land. So what is financial pornography anyways? According to our dear professor J,

financial pornography occurs
when cash ratio (cash/short term debt) = 1

What does it mean? Well, since cash is rather volatile and the level of cash changes all the time (probably every minute as the firm operates), it is not rational to have a cash ratio = 1. The average cash ratio should be around 0.016 to 0.018.

How dorky is this!!! I cannot believe I am actually blogging about my financial class and the VERY VERY "funny" joke made by the professor.

No. 22 Bus

22, that's the bus I take everyday to school. It's "officially" the school bus for my school since half of the class takes it every morning. It normally (without traffic) takes me 20 minutes but in the morning it takes about 45 minutes. Why? Because of all these spoiled schoolkids and their parents. The bus stops at a few schools (kindergardens and elementary schools) along the way and the bus is jam packed with kids, parents, punk teenagers in the morning. In addition, some parents park their cars right in front of the bus stops and schools, which makes it impossible for the bus driver to by-pass them every morning. Seriously, it is faster riding a bike than taking bus in the morning. (I have timed it--it took my classmate 30 minutes by bike and me 45 minutes by bus)

However, the only thing I enjoy on the bus every morning is watching the grandparents taking their grandkids going to school--such a beautiful scene watching a grandpa carrying his grandson's backpack with one hand and holding the kids' hand with the other. And my bitching and complaint disappears as they get off the bus.

18 Euro Mushroom?

What on earth? It’s true, I have counted. There were only 20 of them, and it cost me 18 EURO (was totally rip-off by the Polleria, I bought it w/o asking how much it cost) I asked me local friend about it and he said “yeh, it is quite possible, because mushroom is very expensive now due to the lack of rain.” Craziness! Makes more sense to pay 18 Euro for the “other” kind of MUSHROOM!

La Fiesta de la Mercé

Festa de la Mercé (Sept 23-25)
During the Fiesta of La Mercé (the Virgin of Mercy) Barcelona shows a fantastic side of the Catalan culture. Fire-breathing dragons, costumed devils, human pyramids, Sardana dance groups, street theatres, DJs and big-name bands bring joy all over Barcelona.

More photos on my flickr site :)