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French study says that nearly 3 million people in the country have been infected by the coronavirus

This according to a study by the Pasteur Institute

France

The study was published yesterday, with researchers saying that the infection rate in the worst-hit parts of France i.e. eastern part of the country and Paris region, is somewhere between 9 and 10 percent on average.

That is leading to about 4.4% of the French population, or 2.8 million people, to have been infected by the coronavirus – which is much higher than the official case count.
This is interesting to see because it shares a similar result to a Spanish study, which suggested that 5% of the country’s population had contracted the coronavirus.
But the more important takeaway from both studies is that they note the number of infections are nowhere near achieving the so-called “herd immunity”, which requires around 65% of the population to have been infected and recovered from the infection.
As such, the French research institute says that “without a vaccine, relying on the herd immunity alone will not be enough to avoid a second wave at the end of the lockdown” and that “efficient control measures must be upheld even after 11 May”.
I don’t think we will ever get to the bottom of figuring out the true count of the coronavirus infections globally, but what is more important is to observe the trend.
If you’re looking to travel globally in the future, I think it is prudent to acknowledge that it will definitely come with risks so countries with higher transparency – or at least what is perceived to be – and better handling will surely be rewarded in that regard.
As for economies and markets, the numbers can be 100,000 or 10,000,000 but at the end of the day it all depends on what governments are doing i.e. lockdown/restrictions.

Simple Questions, Complicated Answers

Why is abbreviated such a long word? 
Why does monosyllabic have five syllables?
Why isn’t phonetic spelled the way it sounds?
Why is a carrot more orange than an orange?
Why are there interstate highways in Hawaii?
Why do we drive on parkways and park on driveways?
Why are they called apartments, when they’re all stuck together?
Why do scientists call it research when looking for something new?
Why do they call it a building? It looks like they’re finished.  Why isn’t it a built?
Why is it when you transport something by car, t’s called a shipment, but when you transport something by ship, it’s called cargo?
If vegetarians eat vegetables, what do humanitarians eat?
If price and worth mean the same thing, why priceless and worthless are opposites?
Is there another word for synonym?
Is it possible to be totally partial?

Value of human capital

 

Engineers and scientists will never make as much money as business executives. Now a rigorous mathematical proof that explains why this is true:

Postulate 1: Knowledge is Power.
Postulate 2: Time is Money.

As every engineer knows,

Work

———- = Power
Time

Since Knowledge = Power, and Time =Money, we have

Work

——— = Knowledge
Money

Solving for Money, we get:

Work

———– = Money
Knowledge

Thus, as Knowledge approaches zero, Money approaches infinity regardless of the Work done.
Conclusion: The Less you Know, the more money you Make. 

Why Your Babies May Live to 120 Years Old

Our genes harbor many secrets to a long and healthy life. And now scientists are beginning to uncover them.

The cover story in National Geographic this month is off the hook – if you’re a believer in the big healthcare secular bull market and fascinated by demography’s effects on economics (as we are), you’re going to want to check this out. They did four different covers, pretty cool:
nat geo
Longevity (National Geographic)

Mastering the Art…

“You have all these people trying to come up with formulas to beat the market. The market is not a science. The science may help increase the probabilities, but to excel you need to master the art of trading.”  
– Mark Minervini, Stock Market Wizards
“After a certain high level of technical skill is achieved, science and art tend to coalesce in aesthetics, plasticity, and form. The greatest scientists are artists as well.”

– Albert Einstein

To achieve trading greatness, one must first become an artist. To become a true artist, one must first master the art.
What does it mean to “master the art” of trading? What kind of nuances and subtleties are involved?  What range of experiences, processes, and deep situational knowledge is required?

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