It seems like I have been posting many unrelated issues or things with financial world which I shouldn't do much in this blog. Although I do it just for myself but somehow I have never made any financial research record since months ago. This shows that more concern should be done on financial issues.
No older posts will be deleted but will refocus my view on financial stuff start from now. I will separate my personal life and thoughts from this blog to this blog.
Thursday 1 November 2012
Thursday 25 October 2012
Certification Myth
Long time ago, we were told that certification is very matter in terms of recognition and job-seeking in the future, where you are just nothing without it. Since then, my friends strive for the cert without any hesitation.
Before entering Univeristy, I strongly believed that what we would care about is the job after graduate by getting the cert, with good grade, if able. It's a belief among all the students. However, this faith has been questionable for me since I have experienced the reality.
Cert, now is the undisputed, undoubtedly,and inarguable to the students who are putting their efforts in the study just because of superficially believing the cert would definitely bring them into good companies, good paid, good benefits, good bosses, luxury car, big houses. and perfect family, even lift their life up.
For sure they are looking forward to the day of their graduation. In reality, cert is still unquestionable to be the first impression you could deliver to your boss, so that you can convince him or her to hire you because of the cert---a proof that you are the capable person for the company. Unfortunately, this is already out-of-dated.
No doubt, cert is still needed but no longer the only evaluation to a fresh graduate. People who are only fighting hard for the cert should be advised to other than that, if not they would sooner be eliminated. The ambitious, the wide-range of knowledge, the way of delivering presentation, the quickly-response, the think-out-of-box mindset, the soft skill (not mean the soft skill cert in this case) and the capability to catch up the main point are those most wanted skills.
Before entering Univeristy, I strongly believed that what we would care about is the job after graduate by getting the cert, with good grade, if able. It's a belief among all the students. However, this faith has been questionable for me since I have experienced the reality.
Cert, now is the undisputed, undoubtedly,and inarguable to the students who are putting their efforts in the study just because of superficially believing the cert would definitely bring them into good companies, good paid, good benefits, good bosses, luxury car, big houses. and perfect family, even lift their life up.
For sure they are looking forward to the day of their graduation. In reality, cert is still unquestionable to be the first impression you could deliver to your boss, so that you can convince him or her to hire you because of the cert---a proof that you are the capable person for the company. Unfortunately, this is already out-of-dated.
No doubt, cert is still needed but no longer the only evaluation to a fresh graduate. People who are only fighting hard for the cert should be advised to other than that, if not they would sooner be eliminated. The ambitious, the wide-range of knowledge, the way of delivering presentation, the quickly-response, the think-out-of-box mindset, the soft skill (not mean the soft skill cert in this case) and the capability to catch up the main point are those most wanted skills.
Friday 12 October 2012
An Expensive Lesson
When the holiday began, all university students were rushing up to going back hometown. Even I myself, did not notice that I was actually leaving the hostel without clearing off the bills, which it caused a lot of problems after I came back.
I had no idea why the water just stopped flowing out from water pipe. My initial plan to clean up the house was obstructed. The house was still very dirty. Luckily, I asked help from fourth student house. Although I had yet to find out the reason why there was a water shortage, at least I had a place for me to stay overnight.
Not only water shortage but the streamyx was also cut off by TM (the modern vampire). In Kampar, the only entertainment is online. I was wondering why it was cut off or I did not pay off the bill(s)? Apparently, the letter is the real reason.
Okay, there were no other ways but to get the bills paid. Where are the bills? Again, I tried to find out the bills like a nut. I still got nothing even Tipping over the tables. What else? The phone rang and I picked up and answered. It was my ex-house(room)mate, Cheng Xun. After some greeting, I started asking about the bills and I was told that the bills were on weixian's hand. Without wasting any time, I quickly called up weixian. Thank god! Finally, I got the bills ! I ran to my room and got the money.
Despite the bills problem was settled, but how about the water shortage?At the night, I still thought of no ways and fell asleep after getting down from the whole day.
Surprisingly, I managed to wake up early in the morning (since I used to wake up at the afternoon), I was hoping the miracle could happen, where the problem would just go away from me. No, it didn't happen. After having breakfast, I knelt down and started chanting to pray that I would definitely solve the problem wisely and with the help of shoten senji.
After that, I suddenly thought of that---since I didn't know which department is responsible for the water management in Kampar, why didn't I just check it through internet? Yes, I got it. It is LAP (lembaga Air Perak) responsible for it. I dialed the number that displayed on the webpage and knew that either I didn't clear off the bill (Oh My God ! Bill again?) or someone had switched off the meter. I went back and checked. Now, I knew that there was somebody switched off the meter. Thank gohonzon !!
Now I am going to wait the water being pumped up to the tangki and start my cleaning plan again. This lesson taught me that we should clear off the bill before leaving the hostel and record it to avoid such problem again.
Here comes the problems. When I first came back, I was expecting a dirty house with full of dusts and spiderweb was weaved on the wall while there were grains of sand all over the floor. However, the real situation was much more complicated.
Such situation is never unfamiliar for me but how about when you wanted to clean up the house and there was a water shortage? Even worst, I did not know why it happened and just stood over there helplessly. Any possible way had been tried out but none of it could solve the problem. Picking up the phone and trying to call friends who might know how to solve the problem, with a hope to ask some help from them. Unfortunately, they seemed never face up such problem before. I was feeling lost again.
I had no idea why the water just stopped flowing out from water pipe. My initial plan to clean up the house was obstructed. The house was still very dirty. Luckily, I asked help from fourth student house. Although I had yet to find out the reason why there was a water shortage, at least I had a place for me to stay overnight.
Not only water shortage but the streamyx was also cut off by TM (the modern vampire). In Kampar, the only entertainment is online. I was wondering why it was cut off or I did not pay off the bill(s)? Apparently, the letter is the real reason.
Okay, there were no other ways but to get the bills paid. Where are the bills? Again, I tried to find out the bills like a nut. I still got nothing even Tipping over the tables. What else? The phone rang and I picked up and answered. It was my ex-house(room)mate, Cheng Xun. After some greeting, I started asking about the bills and I was told that the bills were on weixian's hand. Without wasting any time, I quickly called up weixian. Thank god! Finally, I got the bills ! I ran to my room and got the money.
Despite the bills problem was settled, but how about the water shortage?At the night, I still thought of no ways and fell asleep after getting down from the whole day.
Surprisingly, I managed to wake up early in the morning (since I used to wake up at the afternoon), I was hoping the miracle could happen, where the problem would just go away from me. No, it didn't happen. After having breakfast, I knelt down and started chanting to pray that I would definitely solve the problem wisely and with the help of shoten senji.
After that, I suddenly thought of that---since I didn't know which department is responsible for the water management in Kampar, why didn't I just check it through internet? Yes, I got it. It is LAP (lembaga Air Perak) responsible for it. I dialed the number that displayed on the webpage and knew that either I didn't clear off the bill (Oh My God ! Bill again?) or someone had switched off the meter. I went back and checked. Now, I knew that there was somebody switched off the meter. Thank gohonzon !!
Now I am going to wait the water being pumped up to the tangki and start my cleaning plan again. This lesson taught me that we should clear off the bill before leaving the hostel and record it to avoid such problem again.
Friday 7 September 2012
Banking Sector is collapsing ?
When I flipped through the newspaper, probably news related to economy slowdown or financial crisis occupied most pages of the newspaper. Readers will find them bored when they always cannot find any news that is not related to the mentioned issues.
Maybe you are wondering that why there are always analyst or marketers saying economy is going down and next financial crisis is coming soon if no action is taken by those authorities---while actually nothing is going to happen because these are just their own opinion and so-called "analysis" that is based on "anticipation of current situation".
No, actually these aren't the main point of the topic. My concern is that whether the banking sector is going to collapse as I can see many of the banks are seeking for bailout from the government or international fund organisation which injection of capital to keep them survive is becoming a controversial issue.
Certain European banks are seeking help from the international financial authority because of unable to repay debt. The current one is Slovenia---an Euro country which has little population and relatively small economy. Also, we can see that many finance companies are selling off their assets to repay the debt and trying to hold more cash during this difficult time.
The opposite situation in Asia---many large corporations are buying out or bidding those sold-assets from these western companies which are facing financial difficulties.
I would rather choose Asia Banks if I were to invest. Banking sector would not collapse unless the certain country wants to abolish monetary system.
No figures here. I am lazy to find the figure to prove anything. From my observation, only few banks are strong enough to survive especially Asia Banks---including Malaysian Banks, such as Hong Leong Bank, Public Bank, and Maybank. Although they are still small in terms of assets and market capitalisation but due to stable and conservative policy, they are going through sustainable growth.
Banks in Canada are also considered as good choices for those who are interested in investing banking corporations. They have no exposure much in U.S market---that is why they survived and able to make profit although financial crisis happened. One of my preference is Scotia Bank.
Another potential market which is Southeast Asia. Banks in Asean are keeping up due to growing population and consumption power. But remind that most of the central banks make US dollar as major reverse currency, which means if there is any change in US dollar policy, no country can escape from it.
The economic theory that we learn in school or university is taking the banks as the core of the economic.
In recent years, many of the banks collapsed or sought for bailout.
To track back profit, many banks tried to play some tricks on their products and sold to public that brought nothing return to the investors and customers. Bankers are too smart to cheat nowadays. We still see a lot of people admire the bankers but it no longer happens in western. Many bankers are seen as cheater or vampires who like to "suck blood" from the people.
Of course, all banks would not go bankrupt but gradually lose their reputation. Banks were created to be the intermediary of transaction and not gambling in the market.
Maybe you are wondering that why there are always analyst or marketers saying economy is going down and next financial crisis is coming soon if no action is taken by those authorities---while actually nothing is going to happen because these are just their own opinion and so-called "analysis" that is based on "anticipation of current situation".
No, actually these aren't the main point of the topic. My concern is that whether the banking sector is going to collapse as I can see many of the banks are seeking for bailout from the government or international fund organisation which injection of capital to keep them survive is becoming a controversial issue.
Certain European banks are seeking help from the international financial authority because of unable to repay debt. The current one is Slovenia---an Euro country which has little population and relatively small economy. Also, we can see that many finance companies are selling off their assets to repay the debt and trying to hold more cash during this difficult time.
The opposite situation in Asia---many large corporations are buying out or bidding those sold-assets from these western companies which are facing financial difficulties.
I would rather choose Asia Banks if I were to invest. Banking sector would not collapse unless the certain country wants to abolish monetary system.
No figures here. I am lazy to find the figure to prove anything. From my observation, only few banks are strong enough to survive especially Asia Banks---including Malaysian Banks, such as Hong Leong Bank, Public Bank, and Maybank. Although they are still small in terms of assets and market capitalisation but due to stable and conservative policy, they are going through sustainable growth.
Banks in Canada are also considered as good choices for those who are interested in investing banking corporations. They have no exposure much in U.S market---that is why they survived and able to make profit although financial crisis happened. One of my preference is Scotia Bank.
Another potential market which is Southeast Asia. Banks in Asean are keeping up due to growing population and consumption power. But remind that most of the central banks make US dollar as major reverse currency, which means if there is any change in US dollar policy, no country can escape from it.
The economic theory that we learn in school or university is taking the banks as the core of the economic.
In recent years, many of the banks collapsed or sought for bailout.
To track back profit, many banks tried to play some tricks on their products and sold to public that brought nothing return to the investors and customers. Bankers are too smart to cheat nowadays. We still see a lot of people admire the bankers but it no longer happens in western. Many bankers are seen as cheater or vampires who like to "suck blood" from the people.
Of course, all banks would not go bankrupt but gradually lose their reputation. Banks were created to be the intermediary of transaction and not gambling in the market.
Thursday 6 September 2012
People First
People often change when they are in a environment which will influence their mindset frequently. Although minority will not change at all but mostly will.
How do people realize the change? Probably they are able to think and act differently if compared what have they done previously.Recently, I realize I have changed, where I always thought too much and could not stop when I started.However, it makes me worry about losing self-characteristics.
A personal change could be resulted from experiencing something in daily life. Through accumulation, a person might try to re-think his or her current situation and determine to change. Why change? Sometimes we need to change to adapt to the environment or strengthen internal will.
The first ever thing I experience is that a person cannot live lonely without any other person. Nobody is alone in this world. Since we are born, we live and interact with other people from day to day---this is unavoidable.
"Bond between people will not be broken and will be strengthened through connection of the heart." Through those SGM activities, I have learned that people should be considered as the priority in doing anything. This has become trend especially in entrepreneur world as there are a lot of people-oriented companies appear. In reality, we can see that labour forces being squeezed and less people dispute about that.
It goes wrong when consideration of technology, structure, authority, or products are above the consideration of people.
Friday 31 August 2012
Realized it is too late
Assumption is always assumption, not necessary it would become true and indeed it is formed or made up by personal judgement which is said to be bias all the time since everyone has different perception over everything.
I admit that I misunderstood something. This is something that I have made up to convince myself it is true but the reality is cruel.
Judge a person based on some characteristics but not all. When I realized that I actually only understand part of his or her characteristics, I felt like I was the stupid. Of course, they are good and bad at the same time because nobody is perfect but I just cannot accept all.
People are sharing one common---always focus on one side of a person while lack of ability to look at the things in bigger and multi-dimensions(sides).
Well, finally I know it. Hopefully I can see more clearly about that.
I admit that I misunderstood something. This is something that I have made up to convince myself it is true but the reality is cruel.
Judge a person based on some characteristics but not all. When I realized that I actually only understand part of his or her characteristics, I felt like I was the stupid. Of course, they are good and bad at the same time because nobody is perfect but I just cannot accept all.
People are sharing one common---always focus on one side of a person while lack of ability to look at the things in bigger and multi-dimensions(sides).
Well, finally I know it. Hopefully I can see more clearly about that.
Tuesday 21 August 2012
Choices?
Having a relationship with others is not easy as we think of especially if you were to choose a person who is going to accompany you in your entire life.
I had a girlfriend but ended up with broke up. I knew it was going to happen because both of us were not confident and felt uncertainty for our future. My mother told me that not to have a girlfriend too early due to immaturity.
3 and half years. I have remained single state for 3 and half years. Well, I am already used to it. In Uni, I see a lot of couples. However, many of them cannot persist. Sometimes, people often make decision emotionally without thinking too much of their future. Consequently, they keep on suffering and trying to find a new one to avoid---it doesn't work at all.
Now, I have choices. Of course, I may lose both choices. Two of them have attracted me. Somehow I have seen things unclear, therefore I can't even make a decision to choose one. They do not know actually I like them. We just remain friends.
As a man, I should focus on my study and future career. But I as a man, need love too.
I had a girlfriend but ended up with broke up. I knew it was going to happen because both of us were not confident and felt uncertainty for our future. My mother told me that not to have a girlfriend too early due to immaturity.
3 and half years. I have remained single state for 3 and half years. Well, I am already used to it. In Uni, I see a lot of couples. However, many of them cannot persist. Sometimes, people often make decision emotionally without thinking too much of their future. Consequently, they keep on suffering and trying to find a new one to avoid---it doesn't work at all.
Now, I have choices. Of course, I may lose both choices. Two of them have attracted me. Somehow I have seen things unclear, therefore I can't even make a decision to choose one. They do not know actually I like them. We just remain friends.
As a man, I should focus on my study and future career. But I as a man, need love too.
Friday 10 August 2012
Twelfth day---Move on
Usually I could speak anything fluently during a conversation. Of course, everybody can, too. However, everything goes wrong when you are asked (required) to speak in front of the people in formal way which will take your performance into account---marks.
I have been gone through some presentations but it seems like I have never made it well. Although most of the time I was given introduction part or conclusion part because of lacking of English proficiency.
There is someone says that any challenge that we may face will finally turn into victory if we are going to strive for it with confidence and courageous. Indeed, if we are not prepared well or not taking serious, the consequence is that we will lose.
When I was looking at the presentation of my classmates, I was quite scared that I would make the same mistake again for next week presentation---not prepared well. I must strive for it because I believe that whatever task that is given, we should make it as good as we can. This is the reality, no matter you like it or not, you have to do it or you just quit.
People often avoid problems rather than fix or solve it. Other case is that people solve it but repeat again because people always forget the causes.
Let's not make this happen again. I will definitely deliver the best presentation than what I did in this university!
I have been gone through some presentations but it seems like I have never made it well. Although most of the time I was given introduction part or conclusion part because of lacking of English proficiency.
There is someone says that any challenge that we may face will finally turn into victory if we are going to strive for it with confidence and courageous. Indeed, if we are not prepared well or not taking serious, the consequence is that we will lose.
When I was looking at the presentation of my classmates, I was quite scared that I would make the same mistake again for next week presentation---not prepared well. I must strive for it because I believe that whatever task that is given, we should make it as good as we can. This is the reality, no matter you like it or not, you have to do it or you just quit.
People often avoid problems rather than fix or solve it. Other case is that people solve it but repeat again because people always forget the causes.
Let's not make this happen again. I will definitely deliver the best presentation than what I did in this university!
Thursday 9 August 2012
Eleventh day---Invest in myself
Finally, I have received the subscribed international newspaper---The Wall Street Journal. I have been waiting for this print newspaper for a long time. As a business student, the first ever investment that should be made is not shares or property but our brain---knowledge.
Indeed, invest in any financial tool would result in making good return if you are making the right decision. However, there are less people able to do so as they do not take "learning" or "studying" as consideration.
When mention about learning, it's not about buy-and-sell but what is return that the financial tool can bring it to you and what should you know about the chosen financial tool.
Financial tool is just a tool for you to invest in any kind of instrument that you believe it can bring the expected return to you. You must ensure that you know what are you doing.
Before really start investing, go and get some knowledge about investment. Also, you must learn and concern the basis of economy and politic as well as the most influential factors in financial markets. A prominent investor is always aware of international events.
Most of the people are not often reading newspaper or any book that is considered educational for themselves, yet they are more believing in those "insider"news, which finally would bring them to the hell. You must analyse although you read a lot of materials---too much would not good, too, that leads information overload.
I was quite excited when I got the newspaper---the first ever step to be more global view.
Indeed, invest in any financial tool would result in making good return if you are making the right decision. However, there are less people able to do so as they do not take "learning" or "studying" as consideration.
When mention about learning, it's not about buy-and-sell but what is return that the financial tool can bring it to you and what should you know about the chosen financial tool.
Financial tool is just a tool for you to invest in any kind of instrument that you believe it can bring the expected return to you. You must ensure that you know what are you doing.
Before really start investing, go and get some knowledge about investment. Also, you must learn and concern the basis of economy and politic as well as the most influential factors in financial markets. A prominent investor is always aware of international events.
Most of the people are not often reading newspaper or any book that is considered educational for themselves, yet they are more believing in those "insider"news, which finally would bring them to the hell. You must analyse although you read a lot of materials---too much would not good, too, that leads information overload.
I was quite excited when I got the newspaper---the first ever step to be more global view.
Wednesday 8 August 2012
Tenth day---Figures about Kian Joo
I have been spending for whole day to key in the data of Kian Joo into Excel. Better than what I did for Jobstreet last time which spent me about 1 week to complete the 7years data while Kian Joo has about 11 years data but just took me 4 hours.
Maybe I could make it more efficient next time by spending only 2-3 hours. Most of the people wouldn't understand why I was willing to take time just to key in such data. Initially I doubted on that---Will I get any information by doing such?
Actually I will and everybody who is passionate with fundamental type investing style will find the information by doing so. Let's have a picture about what I have done:
According to the data, the company has experienced growing stage in terms of revenue. However, its net profits are always fluctuating from year to year although revenue increasing. There are several factors causing unstable net profit---costs. In manufacturing, cost means everything. Whoever is able controlling the cost strictly while having huge volume of production, it is the winner of this game.
What cost involved in Tim manufacturing company? the raw materials. When supply of raw materials shrinks, it means price goes up. Also, the company focuses on domestic market which its customers mostly are those big industry players such as F&N.
Secondly, the company has its one quarter,on average, of its revenue made up by receivable form. For each RM 100 sales it makes, about RM25 is paper profit which has yet to be received. The cash flow is not strong enough as its borrowings always 2 to 4 times of its cash. For each RM1 cash it owns,there will be RM2 or RM4 of debt.
Net profit margin still within expectation as it has about 5 to 10 per cent. It is the slightly above the average of the manufacturing industry.
The most important is ROE. It has about 8 to 10 per cent, on average. Well, there is a room for improvement for it. Especially in Management, since the company was taken over by Can-One berhad, a can and tin manufacturing company, it is the time for Can-one to make things smoothly because changes are happening.
In conclusion, it is a moderate performance company in terms of figures but the industry is still growing if the consumption of goods such beverages and foods, some industries used packaging and also some home used products are growing too.
Maybe I could make it more efficient next time by spending only 2-3 hours. Most of the people wouldn't understand why I was willing to take time just to key in such data. Initially I doubted on that---Will I get any information by doing such?
Actually I will and everybody who is passionate with fundamental type investing style will find the information by doing so. Let's have a picture about what I have done:
According to the data, the company has experienced growing stage in terms of revenue. However, its net profits are always fluctuating from year to year although revenue increasing. There are several factors causing unstable net profit---costs. In manufacturing, cost means everything. Whoever is able controlling the cost strictly while having huge volume of production, it is the winner of this game.
What cost involved in Tim manufacturing company? the raw materials. When supply of raw materials shrinks, it means price goes up. Also, the company focuses on domestic market which its customers mostly are those big industry players such as F&N.
Secondly, the company has its one quarter,on average, of its revenue made up by receivable form. For each RM 100 sales it makes, about RM25 is paper profit which has yet to be received. The cash flow is not strong enough as its borrowings always 2 to 4 times of its cash. For each RM1 cash it owns,there will be RM2 or RM4 of debt.
Net profit margin still within expectation as it has about 5 to 10 per cent. It is the slightly above the average of the manufacturing industry.
The most important is ROE. It has about 8 to 10 per cent, on average. Well, there is a room for improvement for it. Especially in Management, since the company was taken over by Can-One berhad, a can and tin manufacturing company, it is the time for Can-one to make things smoothly because changes are happening.
In conclusion, it is a moderate performance company in terms of figures but the industry is still growing if the consumption of goods such beverages and foods, some industries used packaging and also some home used products are growing too.
Ninth day---Kian Joo Factory Berhad
It is no doubt that Malaysia is transforming from export-oriented to domestic-demand-oriented economy. However, we have seen no improvement has been made although there are a lot of plans came out. It takes times and Malaysia needs a whole restructuring reformation to ensure the transformation is going to happen.
Manufacturing is still the core of the Malaysia economy. We have many successful manufacturing firms which we should be concerned about such as Kian Joo---the can and tin makers.
For those who has never heard about it, you should take note that Kian Joo is one of the most successful can&tin maker in Malaysia. Other than that, it also involves in packaging business although it is just a smart portion of company's revenue.
Before 1999, the company had grown steadily and maintained net profit of RM50 million above but it came to turn down after 1999 when the company's net profit dropped to about RM 33 million although the revenue increased.
Improvement was seen started at 2002, the company's net profit grew again steadily and achieved RM 50 million again in 2005 but fell again in 2006. It is due to the increasing raw materials costs and some of the associated companies faced losses during the year.
The company's net profit fluctuated after 2006 and currently it has about RM 104.04 million net profit.
We can see that this company is sensitive with raw materials prices. Although it has very huge volume production line and serves for various famous companies like Nestle and F&N, the net profit margin is low. It means that the company needs to control costs strictly in order to avoid losses.
Manufacturing is still the core of the Malaysia economy. We have many successful manufacturing firms which we should be concerned about such as Kian Joo---the can and tin makers.
For those who has never heard about it, you should take note that Kian Joo is one of the most successful can&tin maker in Malaysia. Other than that, it also involves in packaging business although it is just a smart portion of company's revenue.
Before 1999, the company had grown steadily and maintained net profit of RM50 million above but it came to turn down after 1999 when the company's net profit dropped to about RM 33 million although the revenue increased.
Improvement was seen started at 2002, the company's net profit grew again steadily and achieved RM 50 million again in 2005 but fell again in 2006. It is due to the increasing raw materials costs and some of the associated companies faced losses during the year.
The company's net profit fluctuated after 2006 and currently it has about RM 104.04 million net profit.
We can see that this company is sensitive with raw materials prices. Although it has very huge volume production line and serves for various famous companies like Nestle and F&N, the net profit margin is low. It means that the company needs to control costs strictly in order to avoid losses.
Monday 6 August 2012
Eighth day---Waste of time again
Today I am having a bad day which I have spent my time on unnecessarily stuff without doing something more important for me.
As I said before, human revolution is not going to be easy as people often can do the right thing but do the right thing consistently is much difficult. It's quite disappointed for spending my day in this way. I should have done something more important.
It's time to change it again.
As I said before, human revolution is not going to be easy as people often can do the right thing but do the right thing consistently is much difficult. It's quite disappointed for spending my day in this way. I should have done something more important.
It's time to change it again.
Sunday 5 August 2012
Seventh day---diary
8th September is my big day. No, it should be gym boys' big day because of having performance during that day. Ok, I admit that actually I still can't get the feeling when I was in training everytime. I have made my partner injured and suffered from leg injury which could be turned into long term damage to him.
I felt guilty during the moment he fell down while I was not able to catch him. This happened last week but it brought me a great impact, where it is irremovable bad feeling for me. He is just a 14 years old kid. I still remember I quit gym once before when I got injured during practice. Now I got back. I was afraid that he might quit too if he experienced what I did. Well, he didn't.
When a formation is failed, it is not simply because of non-familiar feeling but the weak of basis. Yeah, basis is the most important when it comes to anything. We have our usual practice every Sunday. Usually not more than 20 are quite active in practice matter. Out of 20, almost half of the members do not take thing serious where it should be. Although I do but I never make it hardest. I should have tried my best to make myself more stronger.
There is little chance for me to improve my body condition whereby I have left 2 years to go for it.
I felt guilty during the moment he fell down while I was not able to catch him. This happened last week but it brought me a great impact, where it is irremovable bad feeling for me. He is just a 14 years old kid. I still remember I quit gym once before when I got injured during practice. Now I got back. I was afraid that he might quit too if he experienced what I did. Well, he didn't.
When a formation is failed, it is not simply because of non-familiar feeling but the weak of basis. Yeah, basis is the most important when it comes to anything. We have our usual practice every Sunday. Usually not more than 20 are quite active in practice matter. Out of 20, almost half of the members do not take thing serious where it should be. Although I do but I never make it hardest. I should have tried my best to make myself more stronger.
There is little chance for me to improve my body condition whereby I have left 2 years to go for it.
Saturday 4 August 2012
sixth day---Malaysians' proud
Who would ever think that Malaysia has actually produced 50% gloves of the world? Do not surprise that Malaysia is able to do so as most of the Malaysians are not proud to be Malaysians (because of politics?)
I have yet to do any analysis about the producers but quite surprised that Malaysia Producers have reached such international level. This is something we should be proud of and also it involves a lot of investment opportunities.
From the long term prospective, those producers could generate huge profits as long as demand is there.
People often cannot see any long term profit because lack of knowledge of history? what has history to do with investment?
History will tell you.
I have yet to do any analysis about the producers but quite surprised that Malaysia Producers have reached such international level. This is something we should be proud of and also it involves a lot of investment opportunities.
From the long term prospective, those producers could generate huge profits as long as demand is there.
People often cannot see any long term profit because lack of knowledge of history? what has history to do with investment?
History will tell you.
Friday 3 August 2012
Fifth day---What make Public Bank so special?
I do not intend to own this shares and I have not really analysed Public Bank yet. What makes me wonder is that most of the value investors are interested in the bank. A lot of reasons behind, indeed.
Let's not look at those ratios or whatever figures that might make your excited, but try to look at the people and company culture. Yes, people are the ones who make things work not the machines. They recruit a lot of graduates---as long as you are a degree holder, it doesn't matter with whatever course and grades.
This is quite controversial because most of the banks or financial institutions recruit talents based on the grades and related field they study. I have a friend who worked for HSBC bank before, he wants to be banker again after graduate. He never agrees with the recruitment way of Public Bank which he thinks that recruiting based on the grades and study field should be best way to get the talents. He worries that if a bank recruits talents without looking at those two conditions, the bank would face a lot of problems.
Does it mean Bank should only recruit banking or business related degree holders? It is unnecessary. It actually means that Tan Sri Teh already realizes that anybody could be the key people?
I do not know the actual situation but I guess the employee turnover rate of the bank is lower than others.Why?My observation is that it may due to the company culture. People at the bank may really united and willing to contribute to the bank.
Tan Sri Teh realizes that united of employees are the key to drive the company up and it is another way to reduce indirect cost because lack of political issues among the people. Like what AirAsia is doing now---employees should be the company's priority, if you make them happy, then they would also make customers happy. When all this happen, ability of generating profit should not be worried.
I still remember what Lim Wee Chai (Founder of Top Glove) said before : Profit is important but you have to make your people united and happy then only your company can survive. Thus, you are able to compete with other by one absolute advantage---you have the people who have unlimited potential to be explored.
In Malaysia Banking history, Public Bank is the only bank which generate profit by internal growth and make profit continuously for 36 years. It is a world record and no other banks in Malaysia could make it.
Also, the bank never merges with other or be merged, which means it is extremely strong that even competitors do not dare to "eat" it up?
Sometimes, analysing company not only talking about the figures, but also some management style.
Let's not look at those ratios or whatever figures that might make your excited, but try to look at the people and company culture. Yes, people are the ones who make things work not the machines. They recruit a lot of graduates---as long as you are a degree holder, it doesn't matter with whatever course and grades.
This is quite controversial because most of the banks or financial institutions recruit talents based on the grades and related field they study. I have a friend who worked for HSBC bank before, he wants to be banker again after graduate. He never agrees with the recruitment way of Public Bank which he thinks that recruiting based on the grades and study field should be best way to get the talents. He worries that if a bank recruits talents without looking at those two conditions, the bank would face a lot of problems.
Does it mean Bank should only recruit banking or business related degree holders? It is unnecessary. It actually means that Tan Sri Teh already realizes that anybody could be the key people?
I do not know the actual situation but I guess the employee turnover rate of the bank is lower than others.Why?My observation is that it may due to the company culture. People at the bank may really united and willing to contribute to the bank.
Tan Sri Teh realizes that united of employees are the key to drive the company up and it is another way to reduce indirect cost because lack of political issues among the people. Like what AirAsia is doing now---employees should be the company's priority, if you make them happy, then they would also make customers happy. When all this happen, ability of generating profit should not be worried.
I still remember what Lim Wee Chai (Founder of Top Glove) said before : Profit is important but you have to make your people united and happy then only your company can survive. Thus, you are able to compete with other by one absolute advantage---you have the people who have unlimited potential to be explored.
In Malaysia Banking history, Public Bank is the only bank which generate profit by internal growth and make profit continuously for 36 years. It is a world record and no other banks in Malaysia could make it.
Also, the bank never merges with other or be merged, which means it is extremely strong that even competitors do not dare to "eat" it up?
Sometimes, analysing company not only talking about the figures, but also some management style.
Thursday 2 August 2012
Fourth day---manufacturing companies
Based on the information of wikipedia, half of the Malaysia economy is made up by agriculture and manufacturing sector which have about 49 % of Malaysia economy activities.
What am I trying to prove is that Malaysia is still heavily relying on traditional business model and there is one problem with it---labour force. If you were non Malaysia and had been here before you would realize that majority of labour force in manufacturing and agriculture are double-LOWs (low skilled and low wages) foreign workers.
This is extremely unhealthy. Indeed, manufacturing is concerned about costs of production. If cost is high, their profit would be affected. Another thing is we have less-advance-technology to support the sector and causing them demand a lot of low-cost workers to sustain their operation.
We have a lot of good companies such as Hertalega, Kian Joo, F&N etc.They all have dominant positions in Malaysia or region. This indicates that we are still doing good in the prospective of business.
Whatever how good they are, and how much they can generate in long term, the biggest problem is labour force. If they want to expand capacity of production within the country, then the only way to be efficient enough---employing low-cost foreign workers. It has become an essential. Otherwise, they have to move out to other country, or improve the production-technology (it takes a lot of times and costs), or they improve the employees benefits.
Any method they adopt will have pros and cons. Nothing is perfect but could be done excellently. Somehow we as investors should concern about the whole picture too instead of over-focusing in micro stuff.
What am I trying to prove is that Malaysia is still heavily relying on traditional business model and there is one problem with it---labour force. If you were non Malaysia and had been here before you would realize that majority of labour force in manufacturing and agriculture are double-LOWs (low skilled and low wages) foreign workers.
This is extremely unhealthy. Indeed, manufacturing is concerned about costs of production. If cost is high, their profit would be affected. Another thing is we have less-advance-technology to support the sector and causing them demand a lot of low-cost workers to sustain their operation.
We have a lot of good companies such as Hertalega, Kian Joo, F&N etc.They all have dominant positions in Malaysia or region. This indicates that we are still doing good in the prospective of business.
Whatever how good they are, and how much they can generate in long term, the biggest problem is labour force. If they want to expand capacity of production within the country, then the only way to be efficient enough---employing low-cost foreign workers. It has become an essential. Otherwise, they have to move out to other country, or improve the production-technology (it takes a lot of times and costs), or they improve the employees benefits.
Any method they adopt will have pros and cons. Nothing is perfect but could be done excellently. Somehow we as investors should concern about the whole picture too instead of over-focusing in micro stuff.
Wednesday 1 August 2012
Third day---complexity of banking sector
When you read the financial statement of a bank, usually you would only understand the terms or some complicated financial products if you are familiar enough with the banking sector.
Having spent a few hours to read it, I could conclude that banking sector is the most complicated industry. Specific terms like Banker Acceptance (link) which would kill your time to study its meaning and working. Although it's difficult, no doubt I have learned something from it.
Bank is really difficult to manage as it acts as an intermediary between buyer and seller. Most of the time, bank is required to be effective and efficient enough. You could imagine how stress the bank managers are. Once the payment is not matched or error occurs, you would responsible for it.
Bank is quite unique in terms of its operation and profitability. Loans should be the most profitable and traditional products the bank has. Once the bank lends out, expected interest would be its long-term income. Also, bank also provides various types of loan business which are in many form like hire purchase, a services which a bank would buy the demanded vehicle for the customer in advance and will be paid based on the interests.
Also, the bank may buy some equipment or assets and lend it out to the manufactures by creating interest based income like rental.
In order to judge a bank, we should look at the long term prospective. Yes, long term game. Banking is a long term game, unlike other sector can boom within a short time. If a bank always acts for short term profit like betting in high-risk securities, you should beware and better not to invest in the bank.
So far, Hong Leong bank is quite complicated in terms of shareholding structure.
Mr Quek is afraid of being eaten by big player?
Having spent a few hours to read it, I could conclude that banking sector is the most complicated industry. Specific terms like Banker Acceptance (link) which would kill your time to study its meaning and working. Although it's difficult, no doubt I have learned something from it.
Bank is really difficult to manage as it acts as an intermediary between buyer and seller. Most of the time, bank is required to be effective and efficient enough. You could imagine how stress the bank managers are. Once the payment is not matched or error occurs, you would responsible for it.
Bank is quite unique in terms of its operation and profitability. Loans should be the most profitable and traditional products the bank has. Once the bank lends out, expected interest would be its long-term income. Also, bank also provides various types of loan business which are in many form like hire purchase, a services which a bank would buy the demanded vehicle for the customer in advance and will be paid based on the interests.
Also, the bank may buy some equipment or assets and lend it out to the manufactures by creating interest based income like rental.
In order to judge a bank, we should look at the long term prospective. Yes, long term game. Banking is a long term game, unlike other sector can boom within a short time. If a bank always acts for short term profit like betting in high-risk securities, you should beware and better not to invest in the bank.
So far, Hong Leong bank is quite complicated in terms of shareholding structure.
Mr Quek is afraid of being eaten by big player?
Tuesday 31 July 2012
Second day---Hong Leong Bank
It's quite surprised that I am able to wake up at 6am today. Wake up early means I should treasure the time and do whatever I have planned for. So I research about Hong Leong bank.
Hong Leong Bank was established more than 100 years ago during the time Malaysian Chineses rooted in Sarawak.Initially it was called Kwang Lee Mortgage & Remittance Company and it was incorporated with Kwang Lee Bank Limited in 1934. In 1989 it was renamed as MUI (Malayan United Industries Berhad) Bank and subsequently was merged under Hong Leong Credit berhad (now known as Hong Leong Financial Group) to become Hong Leong Bank
Here is some relevant information about the background of Hong Leong Bank---Wiki.
Hong Leong Bank is controlled by Malaysia Tycoon Quek Leng Chan who has vast experiences in business and he is quite knowledgeable person. A super low profile and mystery tycoon, who realizes that POEPLE are the most valuable assets in the company---he treasures them although the group is largely controlled by his family.
The core business for HLB is credit card business and various type loans. It is more focused on retail customers.
So far, this is what I have known. The research is continued.
Hong Leong Bank was established more than 100 years ago during the time Malaysian Chineses rooted in Sarawak.Initially it was called Kwang Lee Mortgage & Remittance Company and it was incorporated with Kwang Lee Bank Limited in 1934. In 1989 it was renamed as MUI (Malayan United Industries Berhad) Bank and subsequently was merged under Hong Leong Credit berhad (now known as Hong Leong Financial Group) to become Hong Leong Bank
Here is some relevant information about the background of Hong Leong Bank---Wiki.
Hong Leong Bank is controlled by Malaysia Tycoon Quek Leng Chan who has vast experiences in business and he is quite knowledgeable person. A super low profile and mystery tycoon, who realizes that POEPLE are the most valuable assets in the company---he treasures them although the group is largely controlled by his family.
The core business for HLB is credit card business and various type loans. It is more focused on retail customers.
So far, this is what I have known. The research is continued.
Monday 30 July 2012
First day---Wake up
After coming back from gymnastic practice, I am extremely exhausted. Any plan has gone away too. What I really needed was sleeping. Well, I have slept for at least 10 hours, yet I found myself too tired.
I have done nothing about my investment. Maybe due to fluctuation of my heart. Some motivations are needed for my research.
Start from Hong Leong group first. Tan Chee Hoong, you can do it!
I have done nothing about my investment. Maybe due to fluctuation of my heart. Some motivations are needed for my research.
Start from Hong Leong group first. Tan Chee Hoong, you can do it!
Saturday 28 July 2012
Starting a new life
I have forgotten how many times I have written this topic---most probably I have not improved myself and yet I need to reset my own target again and again in order to push myself to take action on it.
Recently there is one set of word always come out, regardless where and who speak out. The Human Revolution. The simple definition of this word could be said as the inner change of a person in order to improve what he or she lacks of. It does mean that. Actually we could look at it deeply based on the Buddhism teaching.
A great human revolution can change the destiny of a person: thus, change the destiny of whole community, and change the destiny of whole country; finally, the world could be changed.
This is the thing we cannot deny because we can see that a lot of people have changed their own destinies and also the whole world although they are seen as "crazy" people who always keen for changes due to various reasons.
Okay, make it short, what I want to say is I want to change myself first. Yes, I am currently changing myself in terms of bad habit such as oversleep for 8pm class. Oversleeping is quite common among the university students nowadays. Most probably they (we) are having unhealthy life-style which sleep after 1 or 2 or even sleepless for whole night is seen as common.
No more excuses for me not to change this bad habit. By the way, in order to wake up early, you must be having sufficient sleeping time like 7-8 hours per day should be the standard.
Before this, what I want to do is actually to change the world. Well, I have no specific target yet for this. Anyhow one of the target I want to achieve is to become a successful investor.
Recently there is one set of word always come out, regardless where and who speak out. The Human Revolution. The simple definition of this word could be said as the inner change of a person in order to improve what he or she lacks of. It does mean that. Actually we could look at it deeply based on the Buddhism teaching.
A great human revolution can change the destiny of a person: thus, change the destiny of whole community, and change the destiny of whole country; finally, the world could be changed.
This is the thing we cannot deny because we can see that a lot of people have changed their own destinies and also the whole world although they are seen as "crazy" people who always keen for changes due to various reasons.
Okay, make it short, what I want to say is I want to change myself first. Yes, I am currently changing myself in terms of bad habit such as oversleep for 8pm class. Oversleeping is quite common among the university students nowadays. Most probably they (we) are having unhealthy life-style which sleep after 1 or 2 or even sleepless for whole night is seen as common.
No more excuses for me not to change this bad habit. By the way, in order to wake up early, you must be having sufficient sleeping time like 7-8 hours per day should be the standard.
Before this, what I want to do is actually to change the world. Well, I have no specific target yet for this. Anyhow one of the target I want to achieve is to become a successful investor.
Wednesday 25 July 2012
Change is ongoing!
It is not easy for changing a person's behaviours or habits as those have been planted since he or she was very young. Although I am seen as a knowledgeable person but I have actually a lot of bad habits or behaviours that are considered affecting my life.
Knowledgeable, can be said I know a lot of things but not very deep. The things I know is too wide---until I have always thought a lot of things and my whole day might be just spent for thinking. If I should be described as a thinker, nobody would not agree with it.
There was a time I wanted to give up of my study because of not adapting to the "spoon feeding" education system. In Asia, this kind of education system is widely implemented. People are often to complete their study for getting good result and good jobs after graduate. As a "thinker', I do not agree with it. My life should be determined by myself not by the thoughts that were given by the lecturers or teachers.
During Foundation time, I overcame the math problem. The gladness was indescribable and it was very impressed for me because I was afraid of math since secondary school. My confidence was being gradually built up at that time although I faced failure twice.
After Foundation, I thought I could take a rest and relax for a while---I have fought so hard for my study for 12 years, some rest is necessary. This made me believed that everything can be easy if I "briefly" study it without too much of hardworking. I thought I was smart enough to deal with it.
The consequence is a failure again. Wondered why I could face the third time failure? I should have improved more than I have in Foundation? Why this failure happen again on me?
Nobody can tell me the reason. Yet, I found it by myself while other people did give some insights. I have thought too hard and done so less !!
Thinker is always thinking but with very little action to prove his or her thoughts that should be applicable. Think more and more, read more and more---it doesn't help you much in realizing the thoughts ! Action is necessarily taken to make the things that you want but not sitting in a room and just thinking of the world can be changed just by thinking!
Hopefully, no, Seriously I must change myself. The things that need to change is to DO IT! Take the first ever step and never ever give up. Nobody is perfect. Do not wait the things become mature or perfectly exist then only take action! No!
I will definitely change myself !
Three NEVERs!
1. NEVER oversleep---Sleep 7 hours per day, sleeping time should be started off from 11.30pm to 6.30pm! Never think too much before sleep!
2. NEVER waste of time---No waste of time in thinking of nonsense and browsing facebook ! Feel free to read soka-gakai books or whatever books that should be inspiring.
3. NEVER give excuses---No excuse is allowed in doing anything especially when it comes to soka gakai activities and assignments, or even reading annual report. No next-time-also-can-do mindset anymore!!
Three MUSTs !
1. MUST plan well---although uncertainties are unpredictable, planning should be come out at least one or two to make sure things are not out of range.
2. MUST focus---I have lost my power of focus a long time, whenever success or creating value for my life, things that I must have is focus ! Lacking of focus make me suffering in doing anything.
3. MUST chant---whatever circumstances, chanting is a must to build up the life. Chanting is to lift-up our life.
Knowledgeable, can be said I know a lot of things but not very deep. The things I know is too wide---until I have always thought a lot of things and my whole day might be just spent for thinking. If I should be described as a thinker, nobody would not agree with it.
There was a time I wanted to give up of my study because of not adapting to the "spoon feeding" education system. In Asia, this kind of education system is widely implemented. People are often to complete their study for getting good result and good jobs after graduate. As a "thinker', I do not agree with it. My life should be determined by myself not by the thoughts that were given by the lecturers or teachers.
During Foundation time, I overcame the math problem. The gladness was indescribable and it was very impressed for me because I was afraid of math since secondary school. My confidence was being gradually built up at that time although I faced failure twice.
After Foundation, I thought I could take a rest and relax for a while---I have fought so hard for my study for 12 years, some rest is necessary. This made me believed that everything can be easy if I "briefly" study it without too much of hardworking. I thought I was smart enough to deal with it.
The consequence is a failure again. Wondered why I could face the third time failure? I should have improved more than I have in Foundation? Why this failure happen again on me?
Nobody can tell me the reason. Yet, I found it by myself while other people did give some insights. I have thought too hard and done so less !!
Thinker is always thinking but with very little action to prove his or her thoughts that should be applicable. Think more and more, read more and more---it doesn't help you much in realizing the thoughts ! Action is necessarily taken to make the things that you want but not sitting in a room and just thinking of the world can be changed just by thinking!
Hopefully, no, Seriously I must change myself. The things that need to change is to DO IT! Take the first ever step and never ever give up. Nobody is perfect. Do not wait the things become mature or perfectly exist then only take action! No!
I will definitely change myself !
Three NEVERs!
1. NEVER oversleep---Sleep 7 hours per day, sleeping time should be started off from 11.30pm to 6.30pm! Never think too much before sleep!
2. NEVER waste of time---No waste of time in thinking of nonsense and browsing facebook ! Feel free to read soka-gakai books or whatever books that should be inspiring.
3. NEVER give excuses---No excuse is allowed in doing anything especially when it comes to soka gakai activities and assignments, or even reading annual report. No next-time-also-can-do mindset anymore!!
Three MUSTs !
1. MUST plan well---although uncertainties are unpredictable, planning should be come out at least one or two to make sure things are not out of range.
2. MUST focus---I have lost my power of focus a long time, whenever success or creating value for my life, things that I must have is focus ! Lacking of focus make me suffering in doing anything.
3. MUST chant---whatever circumstances, chanting is a must to build up the life. Chanting is to lift-up our life.
Tuesday 3 July 2012
经济
究竟为什么人们会越来越依赖"经济"，甚至为之着迷，一切事情皆以经济作为考量。
逐渐的人们失去了对“人性”的重视，过度重视所谓的“成长率”，“数据”等等的事情，不再相信人，只相信数字、钞票。这一切都在发生，我们依然认为“这就是社会”，“这就是现实”，“这不是什么大问题”；然而人性的腐败加上贪焚的欲望吞噬了整个社会原有的价值观。
社会开始走向极端、混沌，大部分人坚持“经济成长”或“钱包成长”；一些人则继续做社会运动，期望可以改变政局进而改变社会；一部分人选择亲近大自然，不问世事；一部分人则继续“破坏”，借此达到目的。。。。
问题的根源在于“人”。人的问题太复杂了，以至于社会处于一片混乱。但是危机也是时机，就看我们有没有能力改变自己，让自己进步至于也影响身边的人。
其实关注经济并没有错，数据也没有错，错就在于我们走火入魔了，忘了这些都是人为的。
经济成长是需要的，问题不是在于我们建了多少间购物广场，而是我们“人”有没有创造了价值。
而这些价值所带来的冲击是无法衡量的，就犹如马丁.金博士争取黑人解放运动所创造的价值以及其广泛的影响力。
没错，这并不是经济的一环。我可能离题了。
如果人们无法创造价值，那再好的经济建议也是徒然的。
逐渐的人们失去了对“人性”的重视，过度重视所谓的“成长率”，“数据”等等的事情，不再相信人，只相信数字、钞票。这一切都在发生，我们依然认为“这就是社会”，“这就是现实”，“这不是什么大问题”；然而人性的腐败加上贪焚的欲望吞噬了整个社会原有的价值观。
社会开始走向极端、混沌，大部分人坚持“经济成长”或“钱包成长”；一些人则继续做社会运动，期望可以改变政局进而改变社会；一部分人选择亲近大自然，不问世事；一部分人则继续“破坏”，借此达到目的。。。。
问题的根源在于“人”。人的问题太复杂了，以至于社会处于一片混乱。但是危机也是时机，就看我们有没有能力改变自己，让自己进步至于也影响身边的人。
其实关注经济并没有错，数据也没有错，错就在于我们走火入魔了，忘了这些都是人为的。
经济成长是需要的，问题不是在于我们建了多少间购物广场，而是我们“人”有没有创造了价值。
而这些价值所带来的冲击是无法衡量的，就犹如马丁.金博士争取黑人解放运动所创造的价值以及其广泛的影响力。
没错，这并不是经济的一环。我可能离题了。
如果人们无法创造价值，那再好的经济建议也是徒然的。
各行各业都有其周期以及复杂性，尤其是金融业---最复杂也最具争议性的一个行业。
曾几何时金融业的蓬勃发展带动了许多国家的繁荣，制造了无数的直接与间接的工作机会，随着全球化的趋势以及科技的进步，金融业的发达达到了一个许多行业都比不上的巅峰。
许多西方国家都受财团影响政府政策，看看美国---典型的金融帝国，单单是只有不到一公里长的华尔街操控着全世界的市场走向。
问题是，金融业被许多复杂的人性给夹杂了，结果逐渐出现贪污腐败的问题。金融业的发源地---英国伦敦最近闹到沸沸扬扬的“利率丑闻”，再度见证了迷失的人性。详情姑且不说，因为就跟美国的金融风暴的过程一样，只是不是卖cdo，却在利率下手。这种通过复杂手段去夺取人民血汗钱的银行家们，只注重盈利，而不是注重怎么样真正避免做太复杂的交易（就好像摩根银行那样）而让股东损失的事情，而是千方百计去谋取不该谋的盈利。
人们的消费意识减弱，不能再使用所谓“量化宽松”的旧有政策去解决新的问题，而必须明白为什么人不再像那样的崇拜消费了---这是整个社会结构问题，从政治到经济，教育，再到人性。
不平等的问题导致人们越来越不满现实社会，于是许多打着“改变社会”的非政府组织陆续出现，人们开始关心身边的环境，尽管是非常少数的一群（有时连我们都没有注意到），但是这种逐渐式的改变将会慢慢延伸其影响力，相信不久的将来，这种现象是很普遍了。
未来---是以人为本的时代。
曾几何时金融业的蓬勃发展带动了许多国家的繁荣，制造了无数的直接与间接的工作机会，随着全球化的趋势以及科技的进步，金融业的发达达到了一个许多行业都比不上的巅峰。
许多西方国家都受财团影响政府政策，看看美国---典型的金融帝国，单单是只有不到一公里长的华尔街操控着全世界的市场走向。
问题是，金融业被许多复杂的人性给夹杂了，结果逐渐出现贪污腐败的问题。金融业的发源地---英国伦敦最近闹到沸沸扬扬的“利率丑闻”，再度见证了迷失的人性。详情姑且不说，因为就跟美国的金融风暴的过程一样，只是不是卖cdo，却在利率下手。这种通过复杂手段去夺取人民血汗钱的银行家们，只注重盈利，而不是注重怎么样真正避免做太复杂的交易（就好像摩根银行那样）而让股东损失的事情，而是千方百计去谋取不该谋的盈利。
人们的消费意识减弱，不能再使用所谓“量化宽松”的旧有政策去解决新的问题，而必须明白为什么人不再像那样的崇拜消费了---这是整个社会结构问题，从政治到经济，教育，再到人性。
不平等的问题导致人们越来越不满现实社会，于是许多打着“改变社会”的非政府组织陆续出现，人们开始关心身边的环境，尽管是非常少数的一群（有时连我们都没有注意到），但是这种逐渐式的改变将会慢慢延伸其影响力，相信不久的将来，这种现象是很普遍了。
未来---是以人为本的时代。
Saturday 30 June 2012
Improve it instead of destroy it.
After peace day event, I was facing some mental-block problem which dragged me down into depressed emotion. I was seeking some guidance to escape from it. Unfortunately, I failed to do so.
Few days later I was informed that I had become PTC of Acad A---such a great thing could not make me happy, even worst, I was more depressed. Nobody I can trust at that time, even myself was not exception. People said I should try chanting more. When somebody doubt on or losing faith in something, it is meaningless to do it.
One night, Some YMD and I gathered and had dialogue with each other. I did not expect anything initially, just hopefully I can speak with somebody. Conversation began smoothly. We talked a lot, from animals, aliens, history, and humanity. Suddenly, my doubt was starting broken during the conversation which took us about 6 hours---change the world.
I felt some passion inside my heart when I heard we could change the world by ourselves. This was the thing made me woke up from unnecessary-doubtfulness-mind. After knowing the world is controlled by those extreme capitalists, I had a dream o break up the system to save people up from it. There was nothing wrong with that until I knew that the financial world is full of darkness.
Sensei never mentions to break whatever system or idealism, he just keeps on emphasizing we should be more concerned others around us and never be selfish people which bring harm to others by benefiting ourselves. What we can do is to improve the things or make things better.
Capitalism is the worst system ever ? I don't think so, at least people can get their wants by putting as much effort as they can to achieve the goal without too relying on others. Sometimes I see those "equally socialism" country face financial problem when people just want money without working too much. Is this the real fairness?
Improvement should be made on the system to be more humanistic, as now we are advancing.
Few days later I was informed that I had become PTC of Acad A---such a great thing could not make me happy, even worst, I was more depressed. Nobody I can trust at that time, even myself was not exception. People said I should try chanting more. When somebody doubt on or losing faith in something, it is meaningless to do it.
One night, Some YMD and I gathered and had dialogue with each other. I did not expect anything initially, just hopefully I can speak with somebody. Conversation began smoothly. We talked a lot, from animals, aliens, history, and humanity. Suddenly, my doubt was starting broken during the conversation which took us about 6 hours---change the world.
I felt some passion inside my heart when I heard we could change the world by ourselves. This was the thing made me woke up from unnecessary-doubtfulness-mind. After knowing the world is controlled by those extreme capitalists, I had a dream o break up the system to save people up from it. There was nothing wrong with that until I knew that the financial world is full of darkness.
Sensei never mentions to break whatever system or idealism, he just keeps on emphasizing we should be more concerned others around us and never be selfish people which bring harm to others by benefiting ourselves. What we can do is to improve the things or make things better.
Capitalism is the worst system ever ? I don't think so, at least people can get their wants by putting as much effort as they can to achieve the goal without too relying on others. Sometimes I see those "equally socialism" country face financial problem when people just want money without working too much. Is this the real fairness?
Improvement should be made on the system to be more humanistic, as now we are advancing.
Tuesday 26 June 2012
疑心病重
我天生敏感，也比较容易起疑心，对很多事情都看得很重或什么的。结果这样的缺点在研究公司时让我吃尽了苦头---尤其是在研究之前提起的食品工业公司时，因该公司在报告中多次声明容易受到政府的津贴政策影响其盈利，结果我顿时信心大失。
可能是我对该公司有所期望，所以才会有所失望吧！就好像之前的jobstreet那样，原以为它会是我的第一选择，怎么知道发现该公司总裁在处理现金方面不符合股东利益，放弃了对它的追求。后来跑去研究金融股，因为有太多看不懂的东西，再加上当时忙于展览会的事情，又放弃了。
就这样来回几次，总是三分钟热度的就放弃了，是不是意味着我真的不合适投资股票呢？这可是非常懊恼的事情。明明就有兴趣但是却又没有耐性去读下去，只要读到一些因素长期困扰该公司盈利的事情时，我就提不起兴趣读下去了。即使研究数字，也无法令我信服。
怎么办呢？
可能是我对该公司有所期望，所以才会有所失望吧！就好像之前的jobstreet那样，原以为它会是我的第一选择，怎么知道发现该公司总裁在处理现金方面不符合股东利益，放弃了对它的追求。后来跑去研究金融股，因为有太多看不懂的东西，再加上当时忙于展览会的事情，又放弃了。
就这样来回几次，总是三分钟热度的就放弃了，是不是意味着我真的不合适投资股票呢？这可是非常懊恼的事情。明明就有兴趣但是却又没有耐性去读下去，只要读到一些因素长期困扰该公司盈利的事情时，我就提不起兴趣读下去了。即使研究数字，也无法令我信服。
怎么办呢？
Saturday 23 June 2012
Basis of Life
From the perspective of history, there are somethings that essential to human community life. We could refer it as the "basis of life" in human world although the world has changed a lot. In mandarin, we summarize it into 4 words 衣(clothing)食(Food/drink)住(living place/ property/convenience goods/land/ )行(transportation/ petroleum/banking services).
Any kind of human society needs those things and they are all consumable. Each time people use up the resources, businessmen have to manufacture and sell the products and services. People's desire to consume is hardly avoided and scarcity always happens.
In stock market, there are a lot of services companies which seems like profitable and demanded. Unfortunately, what we can see is that the "basis of life" companies are always the winners in the market and some of the companies manage to survive more than 1 century.
Basis demand would not change easily. As long as those companies exist, there is no reason for people not demanding the products or services.
Needless to say, I have started researching about this kind of companies. They are all great companies where they have been here for a long time and maintaining low profile style. The possible researched companies : Oriented Food, Ajinomoto, Hup Seng, PPB, Padnini, Berjaya food, Parkson, NTPM, and Muda.
Any kind of human society needs those things and they are all consumable. Each time people use up the resources, businessmen have to manufacture and sell the products and services. People's desire to consume is hardly avoided and scarcity always happens.
In stock market, there are a lot of services companies which seems like profitable and demanded. Unfortunately, what we can see is that the "basis of life" companies are always the winners in the market and some of the companies manage to survive more than 1 century.
Basis demand would not change easily. As long as those companies exist, there is no reason for people not demanding the products or services.
Needless to say, I have started researching about this kind of companies. They are all great companies where they have been here for a long time and maintaining low profile style. The possible researched companies : Oriented Food, Ajinomoto, Hup Seng, PPB, Padnini, Berjaya food, Parkson, NTPM, and Muda.
Wednesday 20 June 2012
Advance along with the world
Classical Economics Theories founder Adam Smith assumed everyone in the world can make decision rationally which they would only choose or buy or sell things on behave on their own benefit.
This theory has been the core of the economics and never changed or challenged for a long time. Needless to say, the world has changed---many theories no longer suitable to be used and applied even some of the economists admitted that we should restructure the economics theory and come out the most suitable one to replace the out-dated theories.
Sometimes people are fear to change. Without the courage and common goals, changes of theories never happen. We are still studying the classical economics although we should have come out a new one. Mathematical method still be the priority way to solve the economic problem---the problem is that the complexity of human is out of range of any kind mathematical calculation.
Adam Smith might never think of that human would change quickly, which his assumption would never change as long as the people no change. The cruel truth is that people change all the time, in unbelievable way. What should the economists do?
In many occasions, I always tell people something very "extreme" (for the listeners) , even surprised them.
Humanity---this is the thing has been omitted by economists all the time. Instead of emphasizing those GDP, CPI, we should focus more on humanity which I called it "humanity quality". No more index. It is something immeasurable. Ridiculous? Of course because this has out of the economics which more people-oriented.
During old time, production and growth are the priority things. People having simple life. Nowadays, the society becomes more complex and specialized. Traditional values are vanishing. People tend to be pessimistic. The thing that unacceptable is that economists still applying the something like what they did during old time.
Education System should be focusing on value-creation of every person. If people can find their own goal and create value for the world, society or even surroundings, it should be strongly encouraging. Like what Martin Lurther King did for the black people in America. How much impact he had brought? The influential persist until now.
I will share more next time.
Friday 1 June 2012
Who control the world?
I think a lot recently. Until I can't even support my initial stand which I wanted to be an investor. So far I have not decided yet whether I should continue my investment analysis since I lack of patient to do so.
Anyhow I have done some random-searching from the internet to know more about the world especially financial market. There is no direct relation about the investment but about how THE BANKS OR CENTRAL BANKS CONTROL THE WORLD. This require some macro-mindset which is called global view to figure out.
Now there has been some international organisations have been said that they are controlling (supervise and monitor) the flow of the world capital.
World Bank, an international organisation which monitors the worldwide economic and offers special loans to developing countries. It seems like this bank was set up by good, actually it is controlled by United States. Whatever U.S wants to do to the world, the bank would eventually do it for that purpose.
IMF, International Monetary Fund which acts similar like World Bank but it serves every country around the world and monitors the currency flowing around the world.
Bank for International Settlement, a "mystery" and extreme low profile international organisation that set up for serving the world central banks to "stabilise" the worldwide economic.
As seen above, those financial institutions are set up for "stabilising" and "monitoring" purpose but actually did they do it right?
They have been making this world more complex and more uncertainty as all of them are controlled by the EU and US for benefit of themselves.
I still find no real evidence to prove it. Perhaps I would find it until I work as an Insider of those organisations.
Anyhow I have done some random-searching from the internet to know more about the world especially financial market. There is no direct relation about the investment but about how THE BANKS OR CENTRAL BANKS CONTROL THE WORLD. This require some macro-mindset which is called global view to figure out.
Now there has been some international organisations have been said that they are controlling (supervise and monitor) the flow of the world capital.
World Bank, an international organisation which monitors the worldwide economic and offers special loans to developing countries. It seems like this bank was set up by good, actually it is controlled by United States. Whatever U.S wants to do to the world, the bank would eventually do it for that purpose.
IMF, International Monetary Fund which acts similar like World Bank but it serves every country around the world and monitors the currency flowing around the world.
Bank for International Settlement, a "mystery" and extreme low profile international organisation that set up for serving the world central banks to "stabilise" the worldwide economic.
As seen above, those financial institutions are set up for "stabilising" and "monitoring" purpose but actually did they do it right?
They have been making this world more complex and more uncertainty as all of them are controlled by the EU and US for benefit of themselves.
I still find no real evidence to prove it. Perhaps I would find it until I work as an Insider of those organisations.
Saturday 5 May 2012
Review my choice
About a month ago, I was determined to choose some good and undervalued companies which I thought some of them might be good enough for me to put my money in.
As a human kind, I knew I might make mistake due to near-zero experience in choosing and investing companies. "Fortunately", it happened. I found out that Jobstreet is a good company, indeed. There is something I don't buy is that the management of the company seems like has no idea in utilising the company's cash.
When I read the year 2011 annual report, it makes me disappointed that Jobstreet has invested nearly RM 11 million in Singapore listed Reits companies shares. As a growing and expanding company, every spending single sen should be looked like a big planet. I wondered if there is no other good choice for jobstreet to invest in which the REITs has neither direct nor indirect interest to the company business.
Maybe, just maybe, from the view point of Mark Chang (Founder and CEO of Jobstreet) investing in REITs could bring infinite value to the shareholders and increase the side income of the company (an employment website company gets side income from property rental?). Or the action is just to avoid tax?
Jobstreet has no further explanation against its investing act. This is the thing for sure he (Mark Chang) doesn't want to talk so much to avoid controversial. I doubt on his action that choosing unrelated business field to invest while the company still needs cash to maintain operations and improve technology over year-to-year.
In case, he explains in details or otherwise this company should not be considered as my choice.
Now I should focus on other companies.
As a human kind, I knew I might make mistake due to near-zero experience in choosing and investing companies. "Fortunately", it happened. I found out that Jobstreet is a good company, indeed. There is something I don't buy is that the management of the company seems like has no idea in utilising the company's cash.
When I read the year 2011 annual report, it makes me disappointed that Jobstreet has invested nearly RM 11 million in Singapore listed Reits companies shares. As a growing and expanding company, every spending single sen should be looked like a big planet. I wondered if there is no other good choice for jobstreet to invest in which the REITs has neither direct nor indirect interest to the company business.
Maybe, just maybe, from the view point of Mark Chang (Founder and CEO of Jobstreet) investing in REITs could bring infinite value to the shareholders and increase the side income of the company (an employment website company gets side income from property rental?). Or the action is just to avoid tax?
Jobstreet has no further explanation against its investing act. This is the thing for sure he (Mark Chang) doesn't want to talk so much to avoid controversial. I doubt on his action that choosing unrelated business field to invest while the company still needs cash to maintain operations and improve technology over year-to-year.
In case, he explains in details or otherwise this company should not be considered as my choice.
Now I should focus on other companies.
Saturday 14 April 2012
Jobstreet is a good choice?
As a beginner I know there are a lot of thing I need to learn especially when it comes to the real practical, I may not able to follow the target or rules that I have set.
Being independent in thinking becomes the most necessary element in investing. I admit that I can't even ignore others' opinion when I say I want to invest in Jobstreet. It might be due to the characteristics of the company that is sensitive to worldwide economy---highly depends on the economy up-and-down. World economy deeply influences Jobstreet performance.
Ok, I am not going to invest for now and observe it for some time to make decision. Good choice?
This is what I have done. The main point is that ROE is keep on decreasing every year. ROE means return on shareholders' equity---How much of the return for each dollar shareholder invests in its shares. Profit increasing and the peak time shall be from 2004 until 2007. Never forget that the company intends to pay dividends out of 50% of net profit start from 2011.
Now I am not going to talk about the figure information (your can look at it by yourselves). Let's have SWOT analysis apply in this company.
Strength : No doubt Jobstreet is the leader of employment website in Malaysia. Malaysia continues to be the major revenue contributor to the company. Also it is expanding the business across the region in India,Japan, Hong Kong, Philippine, Singapore, Indonesia, Taiwan and Thailand. Diversification has indicated that the Management has the ambitious to become the region champion in this business.
Beside that, the brand of "Jobstreet" has been the famous name among the jobseekers who always seek for the jobs through Internet.
Branding decides a company profit sometimes, the best instance : Coca-cola has the best ever brand among its competitors, even an american is given coke and pepsi, he or she would choose coke although those drinks have not much different from taste.
Weakness: Obviously Jobstreet is a employment website that depends heavily on technology which comes out some uncertainties in its future. Perhaps by strong branding, Jobstreet continues to be the biggest player but never forget that the company invests heavily on its technology year by year in order to maintain or improve its service. Providing services by technology is risky due to rapidly changes in technology which could impact the company investment. Since it is still in growing stage, somehow cash flow needs to be retained for technology.
Those who expect high dividend payment from Jobstreet should reconsider and think twice before you really put money into this company. Since they less borrow from the banks, the best way to raise fund is through share market.
There is another weakness which the company could not get into the region market easily especially in Hong Kong and Taiwan, Jobstreet formed partnership with local big players by buying shares. It means that Jobstreet faces some problem of presence in those areas, it may due to their very competitive market. Also they have founded new services which is the autoworld.com where has yet to make any profit (could be dragging cash flows)
Opportunities: Southeast Asia is one of the most fastest growing economy region among the others. Jobstreet expands its business into Southeast Asia could be the insight of the CEO. Indonesia has over 200 million population and it is still increasing, online users too. Since the young people are getting into job market, more and more demand on jobs could spur the presence of jobsteet. Also, more and more western companies are shifting their focus to Asia especially Southeast Asia. Investment in those company is keep on increasing and more branches are established, jobs are created.
Threats: No sector has little competition. In employment website sector, the services providers are increasing. This has created highly competitive market. Threaten by the increasing number of competitors, Jobstreet could be affected by "war of price" which services providers compete each other by price cutting. Profit would be affected most.
Also, the company is very sensitive to world economy as its profits showed that it is highly depending on world economy up-and-down. Please beware that this company has its own cycle which follows the trend of world economy.
In fact, no company is perfect. Indeed Jobstreet is good company but still needs times to prove its own strength whether it delivers value to shareholders and clients or not.
Being independent in thinking becomes the most necessary element in investing. I admit that I can't even ignore others' opinion when I say I want to invest in Jobstreet. It might be due to the characteristics of the company that is sensitive to worldwide economy---highly depends on the economy up-and-down. World economy deeply influences Jobstreet performance.
Ok, I am not going to invest for now and observe it for some time to make decision. Good choice?
This is what I have done. The main point is that ROE is keep on decreasing every year. ROE means return on shareholders' equity---How much of the return for each dollar shareholder invests in its shares. Profit increasing and the peak time shall be from 2004 until 2007. Never forget that the company intends to pay dividends out of 50% of net profit start from 2011.
Now I am not going to talk about the figure information (your can look at it by yourselves). Let's have SWOT analysis apply in this company.
Strength : No doubt Jobstreet is the leader of employment website in Malaysia. Malaysia continues to be the major revenue contributor to the company. Also it is expanding the business across the region in India,Japan, Hong Kong, Philippine, Singapore, Indonesia, Taiwan and Thailand. Diversification has indicated that the Management has the ambitious to become the region champion in this business.
Beside that, the brand of "Jobstreet" has been the famous name among the jobseekers who always seek for the jobs through Internet.
Branding decides a company profit sometimes, the best instance : Coca-cola has the best ever brand among its competitors, even an american is given coke and pepsi, he or she would choose coke although those drinks have not much different from taste.
Weakness: Obviously Jobstreet is a employment website that depends heavily on technology which comes out some uncertainties in its future. Perhaps by strong branding, Jobstreet continues to be the biggest player but never forget that the company invests heavily on its technology year by year in order to maintain or improve its service. Providing services by technology is risky due to rapidly changes in technology which could impact the company investment. Since it is still in growing stage, somehow cash flow needs to be retained for technology.
Those who expect high dividend payment from Jobstreet should reconsider and think twice before you really put money into this company. Since they less borrow from the banks, the best way to raise fund is through share market.
Opportunities: Southeast Asia is one of the most fastest growing economy region among the others. Jobstreet expands its business into Southeast Asia could be the insight of the CEO. Indonesia has over 200 million population and it is still increasing, online users too. Since the young people are getting into job market, more and more demand on jobs could spur the presence of jobsteet. Also, more and more western companies are shifting their focus to Asia especially Southeast Asia. Investment in those company is keep on increasing and more branches are established, jobs are created.
Threats: No sector has little competition. In employment website sector, the services providers are increasing. This has created highly competitive market. Threaten by the increasing number of competitors, Jobstreet could be affected by "war of price" which services providers compete each other by price cutting. Profit would be affected most.
Also, the company is very sensitive to world economy as its profits showed that it is highly depending on world economy up-and-down. Please beware that this company has its own cycle which follows the trend of world economy.
In fact, no company is perfect. Indeed Jobstreet is good company but still needs times to prove its own strength whether it delivers value to shareholders and clients or not.
Saturday 7 April 2012
Talk about Jobstreet
Almost 1 year I have studied things about the share investment in fundamental way and I tried to learn how to analyse those information that stated on the annual reports in order to find out the company's strength and weakness before I really start putting my money into the company.
What is so special about Jobstreet? Like what Buffett's method states that we must invest in a company which has :
From the Buffett way, we know that there are some companies fulfill those requirements in Malaysia. As an investor I cannot merely follow what others exactly did or do, bear in mind that we should keep our mind independence to avoid overflow information that would affect our decision making.
Jobstreet is the best player ever among the employment website companies, in Malaysia and whole region---Southeast Asia. Mark Chang who graduated from MIU, USA, and found MOL in 1995. Two years later, Mark sold MOL to another prominent entrepreneur Vincent Tan while at the same time Jobstreet was founded. Now Jobstreet has expanded to Singapore, Philippines, India, Bangladesh, Japan ,Thailand, and Indonesia
As you can see Jostreet isn't only in Malaysia but also across to the region market to make it bigger.
I would say that Jobstreet has changed the job-finding way in Malaysia as there are getting more and more people rely on Internet to find information, therefore finding a job through online isn't impossible. Early in 1992-1995, the age of establishments of Internet , there were other countries companies had done so before Jobstreet had so. But since Jobstreet did well, many people started involving into this business and compete each other with "war of price" strategy.
Jobstreet still faces the challenge from the competitors in the region, but it doesn't affect much to its profitable business in Malaysia. There was one research saying there were almost 70% of the Labour force find jobs through Internet and most of them preferred Jobstreet.com. My opinion is that Jobstreet provides various type of jobs and classified it. In other words, Jobstreet is more use-friendly compared with other employment websites in Malaysia.
Now we know that Jobstreet has established a strong brand which deeply plants into people hearts and created demand to the never-ending desire of jobseekers who always seek for the best employers or suitable positions.
I have done some homework about Jobstreet. Continue next time.
What is so special about Jobstreet? Like what Buffett's method states that we must invest in a company which has :
- the power to monopoly the market in long term (at least the biggest or best player in the related field) and able to survive although there were financial crisis or high market competition.
- the strong brand that can deeply influence the people when they make consumption decision.
- the demands for the products or services consistently increase year by year or remain steady growth until the end of the world *
*:(This is what Warren Buffett says, perhaps the he believes that those companies would not fall down as long as the people do not change their demand on it.)
From the Buffett way, we know that there are some companies fulfill those requirements in Malaysia. As an investor I cannot merely follow what others exactly did or do, bear in mind that we should keep our mind independence to avoid overflow information that would affect our decision making.
Jobstreet is the best player ever among the employment website companies, in Malaysia and whole region---Southeast Asia. Mark Chang who graduated from MIU, USA, and found MOL in 1995. Two years later, Mark sold MOL to another prominent entrepreneur Vincent Tan while at the same time Jobstreet was founded. Now Jobstreet has expanded to Singapore, Philippines, India, Bangladesh, Japan ,Thailand, and Indonesia
As you can see Jostreet isn't only in Malaysia but also across to the region market to make it bigger.
I would say that Jobstreet has changed the job-finding way in Malaysia as there are getting more and more people rely on Internet to find information, therefore finding a job through online isn't impossible. Early in 1992-1995, the age of establishments of Internet , there were other countries companies had done so before Jobstreet had so. But since Jobstreet did well, many people started involving into this business and compete each other with "war of price" strategy.
Jobstreet still faces the challenge from the competitors in the region, but it doesn't affect much to its profitable business in Malaysia. There was one research saying there were almost 70% of the Labour force find jobs through Internet and most of them preferred Jobstreet.com. My opinion is that Jobstreet provides various type of jobs and classified it. In other words, Jobstreet is more use-friendly compared with other employment websites in Malaysia.
Now we know that Jobstreet has established a strong brand which deeply plants into people hearts and created demand to the never-ending desire of jobseekers who always seek for the best employers or suitable positions.
I have done some homework about Jobstreet. Continue next time.
Thursday 8 March 2012
Minority thoughts
As a business student, I used to expect that I would meet up with a lot of people with full of financial knowledge or ambitious enough to have own business in one day. Sometimes, I thought I might meet up with a mentor who can teach me about the business stuff in order to grow me up.
Expectation often higher than reality, very much, till I am disappointed with the reality. People that I met up usually have no ambitious or finance or business related knowledge which I expected to get one. Through this, I have a conclusion : Majority have similar thoughts, behaviors,and even lifes.
I want to be the minority who enjoy the business or investment in one day, perhaps I could start it now if I were brave enough.
Minority (here refers to rich or rare people) have high ambitious in their life. To become a successful person in the world. What successful is referring to? wealth? I think not really is about the wealth but is about creating value to the world or people around them.
Majority try to get something from the minority and use it for themselves, not even to create something valuable to social.
Minority want to contribute something to the world by solving people's problem. They don't wait others do for them, indeed they make it by themselves.
Majority often keep waiting the problems being solved automatically without taking initiative.
So, which do you want to be?
Expectation often higher than reality, very much, till I am disappointed with the reality. People that I met up usually have no ambitious or finance or business related knowledge which I expected to get one. Through this, I have a conclusion : Majority have similar thoughts, behaviors,and even lifes.
I want to be the minority who enjoy the business or investment in one day, perhaps I could start it now if I were brave enough.
Minority (here refers to rich or rare people) have high ambitious in their life. To become a successful person in the world. What successful is referring to? wealth? I think not really is about the wealth but is about creating value to the world or people around them.
Majority try to get something from the minority and use it for themselves, not even to create something valuable to social.
Minority want to contribute something to the world by solving people's problem. They don't wait others do for them, indeed they make it by themselves.
Majority often keep waiting the problems being solved automatically without taking initiative.
So, which do you want to be?
Friday 24 February 2012
Brain---The Greatest Asset of ours.
During the recession time, investors or rather be called as speculators were fear of loss money in stock market or commodity market and got themselves out from it in order to stop bleeding.
If you were smart enough or having high Financial Intelligence, recession was the best time for you to get into the market and sweep the stocks as much as you can(must prepare well and know what are you doing before entering the market).
This was how Warren Buffet and George Soros made money through market over retail investors reactions.
But shall we act like them to become the most successful investors?
My answer is, depends on you as no advice is the best unless you found the one which suits for you. I would not take others' advice easily because I should know that everyone has the different way in thinking and no standard can be made after the teller speaks out the things.
We must find a suitable way for ourselves to avoid over-following. I admire Buffett even Kiyosaki but I do not really follow what they say and actually choose some of the advice which I think it would suit to me.
Kiyosaki has changed the way I thought for my future. He changed my mindset as I only realized lack of financial education is the worst. To be success, change in mindset is the key. Kiyosaki prefers using good debt to make money if you are able to manage the high leverage risk
Buffett has taught me how to be an investor, and how should an investor act during the bull or bear market. Fundamental analysis and businessman-thinking-way are the ways to make it. To be success, rational is the key. Buffett doesn't like making money by debt and cash is the only safety way.
Both of them have some differences and similarity, but both of them are great. They have changed a lot of people including me.
In order to success in this century, keep learning. Do not stop doing that. At last, If you do not know what you are doing, no asset can make you rich. Ultimately, what makes you rich is your financial intelligence. Your greatest asset is your brain — so take care of it and protect it from bad advice.
If you were smart enough or having high Financial Intelligence, recession was the best time for you to get into the market and sweep the stocks as much as you can(must prepare well and know what are you doing before entering the market).
This was how Warren Buffet and George Soros made money through market over retail investors reactions.
But shall we act like them to become the most successful investors?
My answer is, depends on you as no advice is the best unless you found the one which suits for you. I would not take others' advice easily because I should know that everyone has the different way in thinking and no standard can be made after the teller speaks out the things.
We must find a suitable way for ourselves to avoid over-following. I admire Buffett even Kiyosaki but I do not really follow what they say and actually choose some of the advice which I think it would suit to me.
Kiyosaki has changed the way I thought for my future. He changed my mindset as I only realized lack of financial education is the worst. To be success, change in mindset is the key. Kiyosaki prefers using good debt to make money if you are able to manage the high leverage risk
Buffett has taught me how to be an investor, and how should an investor act during the bull or bear market. Fundamental analysis and businessman-thinking-way are the ways to make it. To be success, rational is the key. Buffett doesn't like making money by debt and cash is the only safety way.
Both of them have some differences and similarity, but both of them are great. They have changed a lot of people including me.
In order to success in this century, keep learning. Do not stop doing that. At last, If you do not know what you are doing, no asset can make you rich. Ultimately, what makes you rich is your financial intelligence. Your greatest asset is your brain — so take care of it and protect it from bad advice.
Saturday 18 February 2012
Excuses are the obstacles
I am sure that everyone has own excuses when asked to learn investments though they keen to be financial freedom, perhaps able to buy wanted anything .
Many times I had doubted on my own ability to be an investor, from the aspect of capital and relevant knowledge. When I reviewed each of them, I was actually stopping myself from being a successful investor as I kept on giving some "excuses" to myself that I would not have such capability. Realizing that capital can be accumulated through self-discipline---never buy things that I do not need. Relevant knowledge can be obtained through given information or sources in Internet.
I often tell people that do not limit yourself as long as you have always got the opportunities to be success if you are able to realize it. Fear of risk would not help you much in the business. Risk could be managed by full preparation of right attitude, different way of thinking and appropriate action to be taken.
Even a cleaning worker can be an entrepreneur in one day if he or she has the determination to be success. Once you have the determination, every problem that could be faced would not be the failure reason anymore.
Successful people solve problems not blame the problems. Learn how to solve and stop blaming. The biggest obstacle in stopping people being success is the never-ending excuses.
Many times I had doubted on my own ability to be an investor, from the aspect of capital and relevant knowledge. When I reviewed each of them, I was actually stopping myself from being a successful investor as I kept on giving some "excuses" to myself that I would not have such capability. Realizing that capital can be accumulated through self-discipline---never buy things that I do not need. Relevant knowledge can be obtained through given information or sources in Internet.
I often tell people that do not limit yourself as long as you have always got the opportunities to be success if you are able to realize it. Fear of risk would not help you much in the business. Risk could be managed by full preparation of right attitude, different way of thinking and appropriate action to be taken.
Even a cleaning worker can be an entrepreneur in one day if he or she has the determination to be success. Once you have the determination, every problem that could be faced would not be the failure reason anymore.
Successful people solve problems not blame the problems. Learn how to solve and stop blaming. The biggest obstacle in stopping people being success is the never-ending excuses.
Sunday 5 February 2012
My Portfolio
Unexpectedly, I have chosen some very little-known companies like CAB Cakaran, a farming and food distributing company, it also sells frozen foods and franchising restaurant.
As a consumer product type company, it has some market share. Something that I am very confidence with it is the company management team---all are Malaysian-Chinese. I am not racist. The fact is Chineses are more proficiency in managing a company compare with Malays. The company has very low share price which is RM0.37 per share. This is very low price in the Main Market!!
By spending RM 37+ I can be a shareholder of this company (just kidding, perhaps I am not going to hold only 1 lot, 10 or 20 lots above are better.) Anyway, I have not really understood well about this company, so I need some times to go and research it. Low P/E is the main reason it attracts me.
Another company is MNRB, the only one local General Reinsurance holding company. When I saw the word of "Reinsurance", I was like a standard one child---what does it mean? According to the explanation of the information, reinsurance is the back-up of insurance company, it means that reinsurance is the insurance of the insurer. Example, I buy a policy which worth RM 2000 from a insurance company, then the company would not absorb all of this, so they would invest (or buy insurance?) in reinsurance company in order to share the risk if there is any compensation,
Very complicated? Never mind, I would keep on researching them to ensure that I know them very well.
My portfolio of 2012-2014
1) CAB Cakaran
2) MNRB
As a consumer product type company, it has some market share. Something that I am very confidence with it is the company management team---all are Malaysian-Chinese. I am not racist. The fact is Chineses are more proficiency in managing a company compare with Malays. The company has very low share price which is RM0.37 per share. This is very low price in the Main Market!!
By spending RM 37+ I can be a shareholder of this company (just kidding, perhaps I am not going to hold only 1 lot, 10 or 20 lots above are better.) Anyway, I have not really understood well about this company, so I need some times to go and research it. Low P/E is the main reason it attracts me.
Another company is MNRB, the only one local General Reinsurance holding company. When I saw the word of "Reinsurance", I was like a standard one child---what does it mean? According to the explanation of the information, reinsurance is the back-up of insurance company, it means that reinsurance is the insurance of the insurer. Example, I buy a policy which worth RM 2000 from a insurance company, then the company would not absorb all of this, so they would invest (or buy insurance?) in reinsurance company in order to share the risk if there is any compensation,
Very complicated? Never mind, I would keep on researching them to ensure that I know them very well.
My portfolio of 2012-2014
1) CAB Cakaran
2) MNRB
Saturday 4 February 2012
Target in this semester
Second semester in Degree is not tough as I think or maybe I have yet to face the challenge and trouble that could mess me up.
Some subjects tend to be easy like Macroeconomics, I learnt it during my foundation life. The subject has no assignment to be done, instead, there are going to have 2 mid-term tests. So I may aim it at B or B+.
Managing Information, another nightmare for the most students, could be my biggest challenge in this semester. I am extremely weak in Technologies or Information. It makes me worry about my approval of PTPTN loan as I would not get the loan if I were going to fail the subject.
Anyway, now I have a little bit capital to invest. Although it is insufficient for me, but I am trying my best to save more money. At the same time, everything about the share investment and information should be learned and understood well before I start investing.
For this semester, I wish to have RM 1000 capital first. Perhaps in the end of the year, I might have RM 2000 capital.
Some subjects tend to be easy like Macroeconomics, I learnt it during my foundation life. The subject has no assignment to be done, instead, there are going to have 2 mid-term tests. So I may aim it at B or B+.
Managing Information, another nightmare for the most students, could be my biggest challenge in this semester. I am extremely weak in Technologies or Information. It makes me worry about my approval of PTPTN loan as I would not get the loan if I were going to fail the subject.
Anyway, now I have a little bit capital to invest. Although it is insufficient for me, but I am trying my best to save more money. At the same time, everything about the share investment and information should be learned and understood well before I start investing.
For this semester, I wish to have RM 1000 capital first. Perhaps in the end of the year, I might have RM 2000 capital.
Sunday 8 January 2012
Revolution to evolution
Within weeks, I have been through my tough time---being a fragrance promoter, and express to her. As a promoter, I learnt to be sweet-talker though I was not willing to be as I could not do it. She, a girl who are making me mad until now, I dare to express. Failed, indeed.
About the job, it was a good experience ever to challenge my weakness. First day, I almost ran away and went back to escape from it. A "good" excuse ever I had given to my cousin---my friend had some problem with me, my resignation is to avoid unnecessary disruption of my performance. She was shocked and nearly had no idea what was happening(perhaps she knew it but chose not to speak out).
Reason I wanted to quit was because I could not face so much of customers in the time, rather than, I had no idea in selling some promotion products by distributing testers one-by-one to customers(though they were not interested). My cousin almost cried. She had found no part-timer except me. She needed assistance.
Disappointment had been made. Suddenly I remembered the story of Ghandi. A greatest ever leader in India history. He was the one who led India to be independent from British (if I am not mistaken),peacefully. He was extremely shy. Indeed, he could not overcome it even he became a lawyer. He overcame it because he wanted to bring freedom to Indians and get them freed from British.
Finally, I did too. I am not going to further detail how I did it. It wasn't important. The important is I am getting evolution through a small foot practice. Determination is the key.
About the job, it was a good experience ever to challenge my weakness. First day, I almost ran away and went back to escape from it. A "good" excuse ever I had given to my cousin---my friend had some problem with me, my resignation is to avoid unnecessary disruption of my performance. She was shocked and nearly had no idea what was happening(perhaps she knew it but chose not to speak out).
Reason I wanted to quit was because I could not face so much of customers in the time, rather than, I had no idea in selling some promotion products by distributing testers one-by-one to customers(though they were not interested). My cousin almost cried. She had found no part-timer except me. She needed assistance.
Disappointment had been made. Suddenly I remembered the story of Ghandi. A greatest ever leader in India history. He was the one who led India to be independent from British (if I am not mistaken),peacefully. He was extremely shy. Indeed, he could not overcome it even he became a lawyer. He overcame it because he wanted to bring freedom to Indians and get them freed from British.
Finally, I did too. I am not going to further detail how I did it. It wasn't important. The important is I am getting evolution through a small foot practice. Determination is the key.
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