Hi everyone, This is Mr. Daniel, I hope you are having a wonderful weekend. Welcome to another week’s newsletter. I would like to talk about "Your Majors vs Careers" from my own perspective. According to a study done by the National Center for Educational Statistics in 2018, an overwhelming number of students change their college major at least once. For example, 40% of the students whose original declared major in Natural sciences (biology, chemistry, etc) changed major within 3 years and 52% of the Mathematics majors changed to something else within 3 years. So what college major works best? How will [...]
About Daniel LeeThis author has not yet filled in any details.
So far Daniel Lee has created 27 blog entries.
Hi everyone, This is Mr. Daniel. Welcome to another week’s newsletter! Every young person in the United States regardless of their background or interests is told to go down this path: College. Pick your major, choose your classes, do the best you can and graduate. If at some point in this educational system you feel stuck, choose another major, or go to graduate school and make a difference. Everything will fall in place. In this overly simplistic view, college is often perceived as a solution to life’s bigger problems, and getting into the best colleges is everything. Why [...]
Hi Everyone, Welcome to another week of newsletters. This is Mr. Daniel, I hope everyone is having a fantastic week! What would you do with a million dollars? This week's newsletter is a bit longer. I am inspired to write about the topic when an old friend asked me for advice. Firstly, this money would have to be after-tax money. Pre-tax one million income put you in the highest of the 7 Federal tax brackets at 37% and the highest of the State income taxes at 12.3% in California. The after-tax money would be a lot less than $1 million. So [...]
Good morning everyone! Welcome to another week’s newsletter. I would like to talk about Blockchain and its applications in Cryptocurrency. Cryptocurrency News: The meme Cryptocurrency meant to poke fun at Bitcoin went through a rollercoaster ride. Dogecoin, started in late 2013 has been growing in fame both in and outside the crypto community. The price of Doge was at $0.0057, about half a cent at the beginning of 2021. It is currently trading at $0.5555 almost 100 times or 9900% the value in January! Dogecoin runs on blockchain technology similar to Bitcoin and Ethereum. This means that they run on a [...]
Hi guys! Welcome to another week’s newsletter! Machine Learning is everywhere in our daily lives. It makes our lives more insightful and more personalized! With the enormous amount of data created by humans today, we rely on machine learning to analyze and make sense of the data and to create algorithms that optimize our experiences. Let’s take YouTube videos for example, Hundreds of hours of content are uploaded onto YouTube videos each minute. Recommendation uses deep neural networks to deliver optimized recommendations depending on your user history and context. Millions of videos narrow down to hundreds of candidates and ultimately to [...]
Good morning! This is Mr. Daniel, I hope everyone is doing well. Welcome to our weekly newsletter! Big earnings coming out of the Big techs this week! Earnings are reported quarterly. Wall Street, fund managers, and retail investors pay attention closely to what is contained in the report & perhaps more importantly the company financial forecast of the year to come. Here are some tech earning summaries, Tesla (market cap $640 billion)- Net income $438 million on $10.39 billion Revenue (after $299 million stock-based compensation for Elon Musk). After buying $1.5 billion of bitcoin earlier this year, Tesla is now sitting [...]
Hi everyone! This is Mr. Daniel. Welcome to this week's newsletter. President Biden just crashed the stock market Thursday on news that Biden may increase the capital gain taxes from the current limit of 20% to 39.6%. This increase in tax will be used to fund education and childcare. Why is this a big deal? For most of the history of income taxes, long-term capital gain taxes have been lower than regular income taxes. This policy may reverse this trend. The lower capital gain tax encourages Americans to save and invest but capital gain is also used by many wealthy Americans [...]
Hi everyone, this is Mr. Daniel. Welcome to this week's newsletter. Here are some of the top news for the week! Tesla is an AI Machine learning prowess. It plans to offer Tesla “Dojo” for machine learning. In addition to being an Electric vehicles/energy storage/ software company, Tesla is flexing its muscle in the super-computing and artificial intelligence domain! Tesla Dojo - Tesla's supercomputer to scale machine learning using neural networks. This is NOT just a bunch of GPU and CPUs put together. Currently, we need a bunch of real people (human labelers, people who label objects) to do data labeling [...]
Hi everyone, This is Mr. Daniel. Welcome to another newsletter! The real economy is starting a boom. Real economy is not the stock marketing economy. The stock market is forward-looking and is often a reflection of future earnings expectations of the public traded companies. These two economies are in discord! The unprecedented boom in the stock market since March 2020 when the pandemic hits and the historical rally in the stock market since then paint a very different picture of continuing recovery of the pandemic induced job losses and challenges many Americans face today. More money has gone into the Stock [...]
Hi everyone, this is Mr Daniel, Hope everyone is doing well! Big news coming out of the Consumer Financial Protection Bureau (CFPB) regarding the mortgage forbearance program rolled out last year since the pandemic. CBS News reports. Of the 3 million behind on their mortgage payments, around 2.1 million are at least 90 days behind. The estimate is about 5% of homeowners are currently delinquent (behind in payments) on their mortgages. Many banks estimated that 10% to 50% of the delinquent loan may become foreclosure and cause a real estate crash. The new ruling from CFPB would block all mortgage service [...]