These days I feel really misunderstood, maybe it's because I'm too straight forward when I talk, or maybe it's because I don't sound friendly. I don't even understand how I manage to offend people sometimes, is it poor body language, a bad tone? Do I sound insincere? It's so hard to pretend to care about something when I really don't, I've never been able to do it.
Sometimes it feels like I'm building armour, these days I take so much crap sometimes I just block the emotion out. It's great for analysing, but god it feels like I'm dying inside. It feels like there is one world where everyone else is living, and another world where I am living. I'm tired, and frankly speaking kind of lonely these days. I try so hard on some things, and there are just a whole load of people out there just living their lives, moving on the treadmill of life, they just get by and thats it, they just get by. There is just this huge feeling of disconnect.
When did it become like this? It feels like one part of me is advancing, and another part of me is slowly dying. Somebody once told me that I have a very hard time expressing myself, used to be that I didn't need to express myself, people would just be around. But these days, when I try to talk, I don't know, maybe it's because of the topics I like to talk about, or maybe it's because I'm trying too hard to change. Sometimes people tell me I look slightly intimidating, especially when I'm trying to put on a good impression. I've heard this from many people, but when I try and be approachable the feeling I get is that people think I'm being pretentious. It feels like I'm drowning, the harder I try the deeper I go.
Is it so hard for people to understand? Especially people who used to know me, I am not like that. I am not arrogant, I am not pretentious, I say what I feel. I don't play politics, I'm not the type to play a character that I'm not.
Sigh, these days I just feel so misunderstood.
Wednesday, August 18, 2010
Sunday, May 30, 2010
On the euro crisis
Carry Trade is forex. If u want to play in it u can google fxcm. The reason more people are using the carry trade on euro is because they are expecting the euro to fall. There are other countries with lower interest rates, but the situation in the european union looks bad because of Greece's recent almost default, there are many other issues with the other countries in the european union as well. Read why the euro is falling.
Sovereign default
The whole issue on the Euro right now is that some of the countries in it are very heavily in debt, and they cannot afford to pay off their debt. AKA sovereign default, sovereign default is when a country defaults on its debt, essentially this is like the country going bankrupt... The main problem countries in euro right now are the PIIGS, Portugal, Ireland, Italy, Greece and Spain.
Typically, because countries are considered very safe investments(people feel that they will definitely get their money back), they are rated AAA or the highest rating available. This rating means that the debt that they issue(bonds etc) will have a very low interest rate. The problem with some of these PIIGS, is that their rating has been downgraded, so not only do they have a lot of debt that they cant pay off, the interest that they need to pay for new debt has also increased. So they cant pay off their existing debt, and any new debt that they want to issue, they will need to pay more for it.
Sovereign default is a very big big thing, because a country issues a lot of debt (bonds, treasury bills, debt securities) and these debts are bought by a lot of banks/other governments. There is a rippling effect if a country were to go bankrupt, because if the government goes bankrupt, the people who are holding the billions of the countries bonds/treasury will not be able to recover their debt. Which might cause them to go bankrupt as well. The government would also have to reduce their expenses by cutting budgets. Take away unemployment benefits, social security, reduce the government workforce etc. This means more people will become unemployed, there will be less money in the economy, less money around means less consumers for businesses. Certain businesses might have to close down, etc etc. Demand for imported products will fall.
Euro currency is flawed
The entire issue of the euro is that the currency is pretty flawed, because there are strong countries and then there are weak countries. But u have one currrency to govern them all! zz.. For example, if you have a low productivity country with a weak currency, because their currency is weak. They cannot buy a lot of stuff, they can just buy what their currency will allow them to buy. When these weaker, low productivity countries are given the euro, they are able to spend more than they ought to be able to. So they consume more than they produce, and over time their debt grows and grows until they implode, like what the PIIGS are doing now(They call this being fiscally irresponsible). The other side of this is the strong, export driven countries in the Euro union. Countries like Germany, benefit the most out of this euro union. About 50% of Germany's total exports go to other Euro countries.
A lot of the euro countries are unproductive
Bailing out countries like Greece is just a temporary solution, they either need to be kicked out of the euro, or they need to be more productive and produce more than they consume, but because their people are lazy assholes who only work 5 hours a day and get paid much higher than say.. countries like China which has cheaper labour, or countries like Germany, which has much more technology. They are not able to produce as many products to export, and they like to spend their money. Unless there are some real changes in either the way the people consume, or the way the government allocates resources, Greece is going nowhere, even after being bailed out by the IMF + some other countries. Hence, the "austerity measures" that u can read about if u were checking up on Greece when it happened, Greece will need to cut down a lot on government spending to pay off their debts . This applies not just to Greece, it applies to many of the other euro countries because there are many other countries in the euro which have similar characteristics as Greece, eg: the PIIGS, which are the most well known.
Why the euro is falling
So.. u might be asking... what does this have to do with the euro falling? It has to do with demand for the currency, if u want to do business with a euro country, u are going to need euros, or say, if u(big big big banks/other countries) want to put ur money somewhere safe, u are going to want to put it in a reputable currency, or a currency u think is going to rise. Demand for a countries currency will cause it to rise. Euro used to be a reputable currency. If u think euro is going to shit, and u want to make money off the euro coming down in value, u can do what the article is saying, u borrow the euro's and put it in another currency that u think is going appreciate. Any interest differential in these 2 countries, (eg: euro interest 3%, australian dollar interest rate 5%, u borrow euro's at 3% and buy ausd, then put the australian dollars in an australian bank to collect the 5% interest rates). will be ur's, in this case u make 2% of the money u borrowed per year. However if the euro drops 20% against the ausd, u can pocket the 20% difference and take ur money back to euro to pay off what u owe in euroes. The effect of this carry trade is that the AUSD will appreciate and euro will depreciate when u borrow money from euro to buy ausd, and when u take ur money back to euro, the opposite happens.
What is happening now is that, not only are the economies of a lot of the european countries doing badly, people are also losing confidence in the euro, which means they might be selling their euroes to buy other countries. To top it off they are also betting against it by carry trading, this makes the euro fall even harder.
The problem in the european union will affect the world
The problems in euro will affect the whole world because the western countries like the european union and the us are such big consumers, if demand from these huge countries were to fall. Demand for a lot of products would shrink, this would impact the big export countries like China and Germany, weakening in these countries will cause other countries who rely on it to weaken. EG: contagion, this country goes bankrupt, that country enters recession. The only question is how much the demand that will disappear from these countries will affect other countries.
not so sure if this is what u were looking for... but just for the record. There are ppl saying that it might go to par, which means 1 for 1. Some people are saying this is the bottom, and that it will go up after this.
Personally I think the euro is going to continue going down... but its gone down for some time right now, there might be a rally.
Sovereign default
The whole issue on the Euro right now is that some of the countries in it are very heavily in debt, and they cannot afford to pay off their debt. AKA sovereign default, sovereign default is when a country defaults on its debt, essentially this is like the country going bankrupt... The main problem countries in euro right now are the PIIGS, Portugal, Ireland, Italy, Greece and Spain.
Typically, because countries are considered very safe investments(people feel that they will definitely get their money back), they are rated AAA or the highest rating available. This rating means that the debt that they issue(bonds etc) will have a very low interest rate. The problem with some of these PIIGS, is that their rating has been downgraded, so not only do they have a lot of debt that they cant pay off, the interest that they need to pay for new debt has also increased. So they cant pay off their existing debt, and any new debt that they want to issue, they will need to pay more for it.
Sovereign default is a very big big thing, because a country issues a lot of debt (bonds, treasury bills, debt securities) and these debts are bought by a lot of banks/other governments. There is a rippling effect if a country were to go bankrupt, because if the government goes bankrupt, the people who are holding the billions of the countries bonds/treasury will not be able to recover their debt. Which might cause them to go bankrupt as well. The government would also have to reduce their expenses by cutting budgets. Take away unemployment benefits, social security, reduce the government workforce etc. This means more people will become unemployed, there will be less money in the economy, less money around means less consumers for businesses. Certain businesses might have to close down, etc etc. Demand for imported products will fall.
Euro currency is flawed
The entire issue of the euro is that the currency is pretty flawed, because there are strong countries and then there are weak countries. But u have one currrency to govern them all! zz.. For example, if you have a low productivity country with a weak currency, because their currency is weak. They cannot buy a lot of stuff, they can just buy what their currency will allow them to buy. When these weaker, low productivity countries are given the euro, they are able to spend more than they ought to be able to. So they consume more than they produce, and over time their debt grows and grows until they implode, like what the PIIGS are doing now(They call this being fiscally irresponsible). The other side of this is the strong, export driven countries in the Euro union. Countries like Germany, benefit the most out of this euro union. About 50% of Germany's total exports go to other Euro countries.
A lot of the euro countries are unproductive
Bailing out countries like Greece is just a temporary solution, they either need to be kicked out of the euro, or they need to be more productive and produce more than they consume, but because their people are lazy assholes who only work 5 hours a day and get paid much higher than say.. countries like China which has cheaper labour, or countries like Germany, which has much more technology. They are not able to produce as many products to export, and they like to spend their money. Unless there are some real changes in either the way the people consume, or the way the government allocates resources, Greece is going nowhere, even after being bailed out by the IMF + some other countries. Hence, the "austerity measures" that u can read about if u were checking up on Greece when it happened, Greece will need to cut down a lot on government spending to pay off their debts . This applies not just to Greece, it applies to many of the other euro countries because there are many other countries in the euro which have similar characteristics as Greece, eg: the PIIGS, which are the most well known.
Why the euro is falling
So.. u might be asking... what does this have to do with the euro falling? It has to do with demand for the currency, if u want to do business with a euro country, u are going to need euros, or say, if u(big big big banks/other countries) want to put ur money somewhere safe, u are going to want to put it in a reputable currency, or a currency u think is going to rise. Demand for a countries currency will cause it to rise. Euro used to be a reputable currency. If u think euro is going to shit, and u want to make money off the euro coming down in value, u can do what the article is saying, u borrow the euro's and put it in another currency that u think is going appreciate. Any interest differential in these 2 countries, (eg: euro interest 3%, australian dollar interest rate 5%, u borrow euro's at 3% and buy ausd, then put the australian dollars in an australian bank to collect the 5% interest rates). will be ur's, in this case u make 2% of the money u borrowed per year. However if the euro drops 20% against the ausd, u can pocket the 20% difference and take ur money back to euro to pay off what u owe in euroes. The effect of this carry trade is that the AUSD will appreciate and euro will depreciate when u borrow money from euro to buy ausd, and when u take ur money back to euro, the opposite happens.
What is happening now is that, not only are the economies of a lot of the european countries doing badly, people are also losing confidence in the euro, which means they might be selling their euroes to buy other countries. To top it off they are also betting against it by carry trading, this makes the euro fall even harder.
The problem in the european union will affect the world
The problems in euro will affect the whole world because the western countries like the european union and the us are such big consumers, if demand from these huge countries were to fall. Demand for a lot of products would shrink, this would impact the big export countries like China and Germany, weakening in these countries will cause other countries who rely on it to weaken. EG: contagion, this country goes bankrupt, that country enters recession. The only question is how much the demand that will disappear from these countries will affect other countries.
not so sure if this is what u were looking for... but just for the record. There are ppl saying that it might go to par, which means 1 for 1. Some people are saying this is the bottom, and that it will go up after this.
Personally I think the euro is going to continue going down... but its gone down for some time right now, there might be a rally.
Wednesday, September 23, 2009
I feel like shit...
My brain has been shot for some time now, out of character, temporary insanity. I don't know what the fuck I'm doing. Nothing to talk about... I seem to have reached a point in my investments where I can't really do anything except sit and wait for the seeds to bear fruit... Maybe I can try to solicit money from people for investing, I'm not sure how successful I would be on that, maybe I'm just not convincing enough... I remember reading somewhere that stated that there is something like RM364billion in the banks deposits, it boggles my mind why anyone would put so much cash into something that is giving 3% interest annually, when they can easily get a 8% steady dividend yield in a real estate investment trust, especially in this sort of climate, where the prices of some of the REIT's are still low, it's not unlikely that the REIT will have capital appreciation of 30~40% in several years. If the cash isn't going to be put to use, why not put it into a REIT where you have exposure to properties that provide a dividend yield that is more than double that of the banks interest rates, after all even if the stock gyrates up and down, the underlying assets in the REIT has a steady value, because your technically just buying a share of a property with tenants, more ever REIT's are required to pay up a high % of their income to their shareholders, if you had bought it at the correct price, it's not unreasonable to expect a yield of 8~10% per year...
Ahh.. since I've already started on REIT's I might as well explain what it is... REIT or real estate investment trusts are companies that are listed on the KLCI, or the Kuala Lumpur Composite Index, their business is in real estate. Real Estate can consist of retail/shopping malls(HEKTAR), offices(UOAREIT), industrial properties(ATRIUM), hospitals(ALAQAR), or a combination of several, or it might just be a growth/income fund like (TWRREIT). How it works is that a professional property manager will be hired in order to manage the REIT, and their duty is to rent/lease out the properties under them to tenants, these tenants can be Multinational Corporations(MNC's) or local companies, depending on the type of properties that is being handled under them, for example a REIT like HEKTAR, which handles shopping malls will have dozens or hundreds of individual contracts with the tenants that are operating inside their shopping mall, whereas reits like ATRIUM, who operate buildings or factories might have one or two big companies leasing one factory. These tenants will pay rent to the REIT. This rent that is being received by the tenants is the REITS income.
REITS are expected to distribute whatever they earn to their shareholders, generally this number is 90~95% of whatever their earning, and I know this for a fact, since I've gone through basically every single REIT in the stockmarket, the only time they don't distribute is maybe during their IPO. What they distribute to shareholders is taxed 10% by the government.
The key to buying REIT's is to buy them while they are low, if their making RM0.10 per share and u buy them at RM2.00, when they give out the dividend your getting less than 5%, however if the REIT is making RM0.10 and you buy it at 80 cents, your yield will be 8%, not only are you getting a higher yield, but in the long run, if you had bought it at a low price, the chances of capital appreciation is pretty good. So not only will you be getting a nice 8% every year, but after 5 years you might come back and find that the REIT you bought for 80 cents is now worth 1.20. That's about a 90% profit, 40% from interest, 50% capital appreciation. It's quite likely to happen, because a lot of the times(like now) these REITS are selling in the stockmarket for less than what they would have sold for if they were sold in the property market. EG: 1 share of the REIT has a net asset value of RM 1.05, but for some reason it's being sold for RM0.75 in the stockmarket.
The average yield for REITs in the market right now is about 8%, but some of them have gotten quite expensive compared to their previous prices, although their yields are still in the 8% range...
Ahh.. since I've already started on REIT's I might as well explain what it is... REIT or real estate investment trusts are companies that are listed on the KLCI, or the Kuala Lumpur Composite Index, their business is in real estate. Real Estate can consist of retail/shopping malls(HEKTAR), offices(UOAREIT), industrial properties(ATRIUM), hospitals(ALAQAR), or a combination of several, or it might just be a growth/income fund like (TWRREIT). How it works is that a professional property manager will be hired in order to manage the REIT, and their duty is to rent/lease out the properties under them to tenants, these tenants can be Multinational Corporations(MNC's) or local companies, depending on the type of properties that is being handled under them, for example a REIT like HEKTAR, which handles shopping malls will have dozens or hundreds of individual contracts with the tenants that are operating inside their shopping mall, whereas reits like ATRIUM, who operate buildings or factories might have one or two big companies leasing one factory. These tenants will pay rent to the REIT. This rent that is being received by the tenants is the REITS income.
REITS are expected to distribute whatever they earn to their shareholders, generally this number is 90~95% of whatever their earning, and I know this for a fact, since I've gone through basically every single REIT in the stockmarket, the only time they don't distribute is maybe during their IPO. What they distribute to shareholders is taxed 10% by the government.
The key to buying REIT's is to buy them while they are low, if their making RM0.10 per share and u buy them at RM2.00, when they give out the dividend your getting less than 5%, however if the REIT is making RM0.10 and you buy it at 80 cents, your yield will be 8%, not only are you getting a higher yield, but in the long run, if you had bought it at a low price, the chances of capital appreciation is pretty good. So not only will you be getting a nice 8% every year, but after 5 years you might come back and find that the REIT you bought for 80 cents is now worth 1.20. That's about a 90% profit, 40% from interest, 50% capital appreciation. It's quite likely to happen, because a lot of the times(like now) these REITS are selling in the stockmarket for less than what they would have sold for if they were sold in the property market. EG: 1 share of the REIT has a net asset value of RM 1.05, but for some reason it's being sold for RM0.75 in the stockmarket.
The average yield for REITs in the market right now is about 8%, but some of them have gotten quite expensive compared to their previous prices, although their yields are still in the 8% range...
Saturday, September 5, 2009
Post + 1
I haven't been posting that often recently, I actually forgot I had a blog. What do I have to write...
The stock market is a funny thing, many people, particularly those who study finance, will try to imply to you that the stock market is efficient. If it comes down 50% and then increases 100% in a year these people will come up with all sorts of excuses of why it went down 50% and then went up 100%, inflation, recession, economy is bad, economy has recovered. Their reasons are usually wrong.Inflation does cause an increase in profit when supply exceeds demand and prices rise, the market will subsequently rise. The economy does become bad, and the profit made by certain businesses do fall. But that does not mean that when inflation goes up the stock market will go up indefinitely.
If you say that inflation is the reason why the stock market has risen, the first thing you should ask is how many percentage of inflation have we had compared to the percentage increase in the stockmarket. If inflation for the last 3 year is 4% each year, then it stands to reason that the stockmarket would have also risen at around 4% each year as well. That's a very simple calculation, and it's probably wrong, but what I'm trying to say here is that if you want to claim that the growth in the stockmarket is because of inflation, you need to see how many percent the stockmarket has rised compared to inflation. The problem here is that most people who say inflation is the reason why the stockmarket has risen have no idea what the inflation % is, much less the increase in the stockmarket.
Inflation isn't a good barometer, if your trying to track the stockmarket growth your better off looking at the GDP, or the gross domestic product of a country. GDP is used to measure the size of the economy of a country. If your economy has risen by 15%, the stockmarket will likely rise with it as well, probably not exactly* 15%, but somewhere around there. This is fairly obvious, because the stockmarket is basically just a few thousands (around 1400 in Malaysia) of big companies in the country, companies which contribute to the economy, which is tracked by... GDP.
Having said that, when the stockmarket drops 50%, there is usually no single reason that can be pinpointed to the reason why it has dropped so significantly, generally it starts out with a valid reason, like the economy going into recession, when everything starts to fall, people panic and start selling, which leads to a bigger fall, the same thing happens when the market starts going up to unreasonably high levels, everybody starts to buy, every tom, dick and harry starts to enter into the market because his mother, brother, butcher and his dog has made money from the stockmarket. The market becomes very overvalued, and when the business cycle starts to kick in, or something big happens like the recent financial crisis and the economy comes off its high, people start selling, and then you have your massive drop in price, everybody panics and nobody wants to be the last guy holding the ball.
This is what it looks like on a 5 year graph of the klci...
I actually called the bull market when it was happening, I know quite a few people were talking about it, I remember telling them it was a bull market..... I wonder how much they lost in that period...
Take a look at the recovery, does it look like a mini bull market?
PS: KLCI changed their index to base off 30 largest stocks instead of the previous index following 100 stocks.
ahh what else to write... to be continued later.
The stock market is a funny thing, many people, particularly those who study finance, will try to imply to you that the stock market is efficient. If it comes down 50% and then increases 100% in a year these people will come up with all sorts of excuses of why it went down 50% and then went up 100%, inflation, recession, economy is bad, economy has recovered. Their reasons are usually wrong.Inflation does cause an increase in profit when supply exceeds demand and prices rise, the market will subsequently rise. The economy does become bad, and the profit made by certain businesses do fall. But that does not mean that when inflation goes up the stock market will go up indefinitely.
If you say that inflation is the reason why the stock market has risen, the first thing you should ask is how many percentage of inflation have we had compared to the percentage increase in the stockmarket. If inflation for the last 3 year is 4% each year, then it stands to reason that the stockmarket would have also risen at around 4% each year as well. That's a very simple calculation, and it's probably wrong, but what I'm trying to say here is that if you want to claim that the growth in the stockmarket is because of inflation, you need to see how many percent the stockmarket has rised compared to inflation. The problem here is that most people who say inflation is the reason why the stockmarket has risen have no idea what the inflation % is, much less the increase in the stockmarket.
Inflation isn't a good barometer, if your trying to track the stockmarket growth your better off looking at the GDP, or the gross domestic product of a country. GDP is used to measure the size of the economy of a country. If your economy has risen by 15%, the stockmarket will likely rise with it as well, probably not exactly* 15%, but somewhere around there. This is fairly obvious, because the stockmarket is basically just a few thousands (around 1400 in Malaysia) of big companies in the country, companies which contribute to the economy, which is tracked by... GDP.
Having said that, when the stockmarket drops 50%, there is usually no single reason that can be pinpointed to the reason why it has dropped so significantly, generally it starts out with a valid reason, like the economy going into recession, when everything starts to fall, people panic and start selling, which leads to a bigger fall, the same thing happens when the market starts going up to unreasonably high levels, everybody starts to buy, every tom, dick and harry starts to enter into the market because his mother, brother, butcher and his dog has made money from the stockmarket. The market becomes very overvalued, and when the business cycle starts to kick in, or something big happens like the recent financial crisis and the economy comes off its high, people start selling, and then you have your massive drop in price, everybody panics and nobody wants to be the last guy holding the ball.
This is what it looks like on a 5 year graph of the klci...
I actually called the bull market when it was happening, I know quite a few people were talking about it, I remember telling them it was a bull market..... I wonder how much they lost in that period...
Take a look at the recovery, does it look like a mini bull market?
PS: KLCI changed their index to base off 30 largest stocks instead of the previous index following 100 stocks.
ahh what else to write... to be continued later.
Saturday, June 6, 2009
What a bastard.
I've got something to write, but I'm not sure how to put it into words.. hmm. This is about an old friend of mine. Who is... no longer a friend of mine. I'm not sure how to put it in words, but it's probably enough to say that I don't want anything to do with this sort of person. Anyway this dude invited me to his party, and I decided to go and maybe mix around. I'm one of the people who came early to his party, and I spent a good deal of time chatting with this person, up till this point everything is coming along fine. People start coming and I start playing cards with a bunch of people, talking and all that sort of shit. After awhile I don't really feel like mixing around with the people and I go and hang out in one of the rooms in the apartment. He comes and starts complaining, so I go out again. I start playing cards with a bunch of people again, and this dude disappears for roughly half an hour to an hour because there isn't enough food. I'm having a half decent time there up to this point. After some time I start feeling kind of bored and I go into one of the rooms again. Lay down and look around... and this fucker comes in and tells me that if I'm not comfortable I can just leave. As if I'm ruining his party. Even if I was a stranger, if a GUEST comes into your party and doesn't feel comfortable, isn't the host supposed to do something? Not withstanding the fact that I've known this guy for 9 years? He invites me over and ignores me then asks me to leave if I'm not comfortable?
This is the same person who was complaining that another friend of mine is a poor host for not entertaining him. What a hypocrite. It takes a real bastard to turn his back on a friend because he wants to look good in front of other people.
edit: I actually took this down after talking to that bastard. What a fucking mistake, 1 year goes by and he goes behind my back and starts talking shit about me because hes not happy, god damn I got screwed over by that little cocksucker. This really goes to show you can't forgive people like this.
This is the same person who was complaining that another friend of mine is a poor host for not entertaining him. What a hypocrite. It takes a real bastard to turn his back on a friend because he wants to look good in front of other people.
edit: I actually took this down after talking to that bastard. What a fucking mistake, 1 year goes by and he goes behind my back and starts talking shit about me because hes not happy, god damn I got screwed over by that little cocksucker. This really goes to show you can't forgive people like this.
Friday, May 8, 2009
Ahh reading my own blog...
Nothing to do... so ive been reading my own blog... the quality of posts seems to deteriorate over time...
Sunday, April 19, 2009
Shinjuku Incident...
I went to watch Shinjuku Incident today. That movie is absolutely fantastic, and really thought provoking. Illegal migrant workers and that sort of thing. My father works in the construction line, so I have had plenty of brush ups with workers who don't have permits, or illegal workers. It really made me think, me as a chinese whose ancestors came to Malaysia just 3 generations ago, what it was like to be living that far away from home, away from your family trying to make a living in a foreign country. What happens when the local population discriminates against you, and considers you as something that is inferior. It's been more than half a century since my grandparents/greatgrandparents have migrated to Malaysia. What was it like for them to come here. Why did they come, was life really bad back in China? I remember my father telling me my grandfather came here because the family was being harrassed by tu di. I think that means some sort of gangsters back then. We've come a long way since then...
I guess this must be quite really relevant to the chinese people in China, although even I can relate slightly to what it must have been like. What it's like to bow your head and be treated like that. I suppose chinese people tend to have a lot more sense of pride. We don't like to lose. That might be one of the reasons why the chinese as a whole have been successful.
Hah... It feels like nationalism, except it's for another country. I guess when you have policies in a country that directly discriminates against you, you tend to have less feeling for it. Although I think even if the chinese people in Malaysia would go back to China, as most politicians here seem to want us to. China wouldn't welcome us, because we just aren't it's citizens anymore.
It also makes me appreciate people who don't discriminate against other people. People like Kiang I suppose, he does some pretty stupid things, but his the sort of guy who would never discriminate against other races, it's the sort of thing that I've never seen in anyone else, it's funny because if anyone was in the position to discriminate against somebody of lower class, it would be him.
I guess this must be quite really relevant to the chinese people in China, although even I can relate slightly to what it must have been like. What it's like to bow your head and be treated like that. I suppose chinese people tend to have a lot more sense of pride. We don't like to lose. That might be one of the reasons why the chinese as a whole have been successful.
Hah... It feels like nationalism, except it's for another country. I guess when you have policies in a country that directly discriminates against you, you tend to have less feeling for it. Although I think even if the chinese people in Malaysia would go back to China, as most politicians here seem to want us to. China wouldn't welcome us, because we just aren't it's citizens anymore.
It also makes me appreciate people who don't discriminate against other people. People like Kiang I suppose, he does some pretty stupid things, but his the sort of guy who would never discriminate against other races, it's the sort of thing that I've never seen in anyone else, it's funny because if anyone was in the position to discriminate against somebody of lower class, it would be him.
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