Golf with George

Last Wednesday I played golf with George at Plantation. There were two other people who played with us: Patrick and Mark. Patrick was about 20 handicaps while Mark was about 30 handicaps. We started about 3:15 p.m. We finished around 7 p.m.

Before last Wednesday, I always caddied for George. Over all George had played about a few dozens times at various courses while I only caddied for him.

Although I stilled caddied for George on Wednesday, but I played my own golf as well. Patrick, Mark and myself started from the Blue Tee (the back tee) while George played from the Red Tee. It was not easy to do a caddie job while playing golf. But we managed to finish the entire 18 holes.

George got 4 bogies: #4 (par 5), #7 (par 3), #17 & #18 (both par 4). Out 9 was +20 while in 9 was also +20. His total was 112.

易经。兑卦。58

这是继上次卜得小畜卦后，整整过了一个月，才得到今天的兑卦。所以小畜卦可能是个慢卦。密云不雨可能是个较长的时期。从小畜卦第九一下跳到兑卦第五十八，是个较大的飞跃。这个卦来得不易，所以要好好珍惜这个兑卦的丽泽。

二泽相连，有可能是平原地区的相连之湖泊，如江折一带的湖泊。这样的湖泊之间的水位相差很小，所以湖水之间的流动起来非常缓慢。如不仔细观察，是看不出水流的反向的。

二泽相连，也有可能是山区的相连之湖泊。这样的湖泊水位相差悬殊，特别是一些人造湖泊或水库尤其如此。例如三峡水库和之下游的葛洲坝水库就是如此。此二湖之间不但水位相差悬殊，而且水总是往一个方向流动，发出巨大的能量来，几乎照亮了半个中国。

《易經》 第五十八卦 兌 兌為澤 兌上兌下

兌，亨，利貞。
《彖》曰：兌，說也。剛中而柔外，說以利貞，是以順乎天而應乎人。說以先民，民忘其勞。說以犯難，民忘其死。說之大，民勸矣哉！
《象》曰：麗澤，兌。君子以朋友講習。

兑，从八从口，象气之分散。按易经常义，兑为泽，为悦，为少女。兑卦一阴爻居二阳爻之上有泽之象。波涛荡漾于湖水之表面：荡漾之波涛为阴爻，波涛之下的深水为二阳爻。这样就有兑泽之象。

两泽相连，故丽泽。二泽必然不是总处在平衡状态。常言道：人往高处走，水往低处流。所以二湖之间必有相互交流。由此想到：兑，君子以朋友讲习。讲就是谈天说地。习就是习武。所以讲习就是一起研究道理，一起习武锻炼。

兑就是快乐的交流。常言道：同君一席话，胜读十年书。经常与朋友交流，就会变得通情达理。同时易经告诫君子要择友而交：即利贞，贞正之利也。

初九：和兌，吉。
《象》曰：和兌之吉，行未疑也。

与朋友和顺地交流，会带来吉祥。

九二：孚兌，吉，悔亡。
《象》曰：孚兌之吉，信志也。

与朋友交流要相互信任，这样不但吉祥，而且悔恨也将消失。

六三：來兌，凶。
《象》曰：來兌之凶，位不當也。

来兑就是一厢情愿的与人交往，这样会有凶险。

九四：商兌，未寧，介疾有喜。
《象》曰：九四之喜，有慶也。

与朋友交往总是患得患失，这样就没有安宁。介字来源于甲骨文，指身穿铠甲之人。疾指流行病或传染病。介疾有喜就是指：以身穿铠甲这种心情对待有流行传染病的人，会带来喜庆。

九五：孚于剝，有厲。
《象》曰：「孚于剝」，位正當也。

剥即水果去皮或花生去壳。如果用来指人，指不要脸面之人。孚于剥，就是相信不要脸面的人，这样就会有危险。

上六：引兌。
《象》曰：上六「引兌」，未光也。

引就是开弓，指引导或勾引。如果是往正路上指引，这种交流可能有好处。如果是往邪路上勾引，这种交流可能有坏处。所以引兑不言吉凶。

兑卦讲述了与人交往的种种现象：和兑，孚兑，来兑，商兑，孚于剥[兑]，以及引兑。这让我想起了中国的对外交流的和平共处互不侵犯等五项基本原则。这五项基本原则是：互相尊重主权和领土完整、互不侵犯、互不干涉内政、平等互利、和平共处。

和兑：和平共处。
孚兑：互相尊重主权和领土完整。
来兑：互不侵犯。
商兑：平等互利。
剥兑：互不干涉内政。
引兑：外交关系。

HGX Housing Index

This housing index has 19 components. It is highly correlated with XHB, which has 22 components.

瓦屑坝

武穴市饶氏祖籍可能是江西瓦屑坝（古属江西上饶）。瓦屑坝现名瓦屑冷。属江西省鄱阳县莲湖乡。古代的移民方向是：江西填湖广，湖广填四川。湖广就是今天的湖北和湖南两省。

饶旭东/CHRISRAO

EDV

EDV is the Vanguard Extended Duration ETF, which follows the Barclays Treasury STRIPS 20-30 year equal par bond index. I like this EDV.

Its 52-week prices range from $89 to $168. Its closing price yesterday was $99. Its volatility is much higher than TLT ($89 to $123 for the same 52-weeks).

The current interest rate for 30-year Treasury bond is 4.25%. We had seen the price increased over 62% last year when the interest rate dropped to 2.25% last year. Suppose the long-bond rate will increase to 6.25%. EDV price will drop to (1.0425/1.0625)^25 or 62% of its current price level. It is expected the price range for the coming years will be around $60 to $168. They are within my tolerance levels.

I will try to trade this EDV for one year to see if its trading volume can meet my demands.