Just had my car broken into. My door was deliberately left open. Parking in Sunway is just downright ridiculous. The car shops are all weasels. They "reserve" parking slots and their attitude is that the public parking spaces there belong to them. My car got broken into, but theres nothing missing there. The shop infront of my car there are not willing to admit that they did the shit. I had to rope in a few mechanics to help me check if anything was wrong with my car. The mechanics actually admitted that there are a lot of shopkeepers that vandalise your car because they don't like people parking infront of their shops.
One of the mechanics even said that you should just park at the parking at the other side of the road. Thats a PUBLIC parking spot. They ought to get arrested for destruction of private property. If there was anything missing I would have lodged a police report against that shop. God damn.
Monday, March 7, 2011
Sunday, March 6, 2011
What am I doing here
God damn I'm so bored my mind is bleeding out of my ears... My room is a god damn mess. I've got about 7 cups on my table. I need to clean my room, I need to work on that accounting software, I need to start learning how to use that options account and go out and put some money into it. I need to get out and knock on some doors.
Saturday, March 5, 2011
Update.
It's been ages since I last posted, there are tons of things going on right now, and I'm thinking of ramping up my investments with options. Options are a form of security derivative, a form of leverage that allows an investor to leverage his investments. EG: Putting down 10,000 bucks and having the exposure to 100,000 bucks of shares. It's far more dangerous but I think I've gotten fairly good at distributing risk.
Anyway, this post is a rant. It's been quite a roller coaster these few months. Lots of things have been going on. Some important, others less so. I've been working semi actively with my father for some time right now, there are plenty of interesting characters, my father talks very cordially with them, but the prevailing theme among them is that none of them are trustworthy. I think that's probably fairly true in most situations. A large part of working is being able to give and take. Sometimes you need to deal with people you wouldn't want to associate yourself with. There are always little weasels putting on a fake front and trying to curry favour, turning your back on them is generally a poor idea. The key is being able to root out people like this and cutting them off early, way before they can sink in their little paws and do damage. I've made a mistake on this before while dealing with a former acquitance of mine, who goes by the name Dominic. It's a mistake I'm not ready to repeat.
Some people get addicted to compliments, they know that the person who is saying the compliments have been telling lies to them. You know that you are being lied to, but you aren't ready to let go because your relying on the things that they are telling you to form your confidence. Regardless of whether it is the truth. It's a poor thing when your not able to form your own opinion without being told what to think.
I've been working on a number of ideas lately, a lot of them are basically ways to get rich. I've had great record in predicting the market, but it's a bull market right now. I'm not sure what my record would be in a bear market. It's probably coming soon. This has been the longest post recession bull market since 1987. I'm not sure whether now is the time to be so heavily vested in the stockmarket, but it's still looking good, so i'm here to stay.
Anyway, this post is a rant. It's been quite a roller coaster these few months. Lots of things have been going on. Some important, others less so. I've been working semi actively with my father for some time right now, there are plenty of interesting characters, my father talks very cordially with them, but the prevailing theme among them is that none of them are trustworthy. I think that's probably fairly true in most situations. A large part of working is being able to give and take. Sometimes you need to deal with people you wouldn't want to associate yourself with. There are always little weasels putting on a fake front and trying to curry favour, turning your back on them is generally a poor idea. The key is being able to root out people like this and cutting them off early, way before they can sink in their little paws and do damage. I've made a mistake on this before while dealing with a former acquitance of mine, who goes by the name Dominic. It's a mistake I'm not ready to repeat.
Some people get addicted to compliments, they know that the person who is saying the compliments have been telling lies to them. You know that you are being lied to, but you aren't ready to let go because your relying on the things that they are telling you to form your confidence. Regardless of whether it is the truth. It's a poor thing when your not able to form your own opinion without being told what to think.
I've been working on a number of ideas lately, a lot of them are basically ways to get rich. I've had great record in predicting the market, but it's a bull market right now. I'm not sure what my record would be in a bear market. It's probably coming soon. This has been the longest post recession bull market since 1987. I'm not sure whether now is the time to be so heavily vested in the stockmarket, but it's still looking good, so i'm here to stay.
Wednesday, November 3, 2010
Dealing with dishonest people.
Got screwed over by an immoral little shit. I should have just cut him off the last time, that useless little fox. Well, life goes on...
There's a good saying by Donald Trump, "forgive good people but don't even think about forgiving bad people".
On a side note... stupid people give me stress...
There's a good saying by Donald Trump, "forgive good people but don't even think about forgiving bad people".
On a side note... stupid people give me stress...
Wednesday, September 29, 2010
YLI Holdings
YLI holdings is a ductile pipe producer. What is a ductile pipe producer? Please google it. They hold a contract to supply Syabas(the water company) They are the largest producer of this product in Malaysia.
This company is really undervalued, at one point in time it was worth RM5, that was about 3 years ago. As of right now it's selling for RM0.63 cents, this gives it a market cap of 62 million. They have very little debt, if I'm not mistaken their debt to equity is something like 0.25. They have cash holdings of 32 million, thats more than 50% of their market cap that is in cash. Net tangible assets of RM2. The company is worth 3 times their market cap and 50% of the market cap is in cash. Seriously can it get any cheaper than this? Not to mention that it hasn't revalued its properties since 1996... What a value trap. I wish somebody would buy over this company, slice it up and sell off the pieces.
The whole problem with this company is that it isn't making any money, hasn't been making money for about 2 years, profit declining. However because of it's strong financial position and low debt it can probably maintain this status for quite some time.
The reason their profit has been declining is because many of the water projects that were supposed to be carried out in the 9th malaysia plan didn't materialise, and then there is the water tariff issue. There is a lot of water works project to be done in Malaysia, I can't remember where but I read a whole bunch of articles talking about it. Something about how there are 18,000 km of pipes that need to be replaced, and then all this about connecting the waterways between some state or another. The salient point is that there is a lot of built up demand for the products that this company is selling, and they are the largest producer in Malaysia, they also hold a contract that gives them a monopoly on supplying to Syabas.
I'm not sure when the water projects will materialise, but if it does this counter ought to skyrocket. Another problem is that the original ownder of this company, a chinese dude, sold of his major stake to a malay guy. YLI was doing very well... until it got sold to this Syed Yusof fella. Then everything went to the pits, management problem maybe? The company is still financially very strong, but any profit growth is going to be pretty much reliant on the water works project coming through, and maybe the water tariff hike.
This company is really undervalued, at one point in time it was worth RM5, that was about 3 years ago. As of right now it's selling for RM0.63 cents, this gives it a market cap of 62 million. They have very little debt, if I'm not mistaken their debt to equity is something like 0.25. They have cash holdings of 32 million, thats more than 50% of their market cap that is in cash. Net tangible assets of RM2. The company is worth 3 times their market cap and 50% of the market cap is in cash. Seriously can it get any cheaper than this? Not to mention that it hasn't revalued its properties since 1996... What a value trap. I wish somebody would buy over this company, slice it up and sell off the pieces.
The whole problem with this company is that it isn't making any money, hasn't been making money for about 2 years, profit declining. However because of it's strong financial position and low debt it can probably maintain this status for quite some time.
The reason their profit has been declining is because many of the water projects that were supposed to be carried out in the 9th malaysia plan didn't materialise, and then there is the water tariff issue. There is a lot of water works project to be done in Malaysia, I can't remember where but I read a whole bunch of articles talking about it. Something about how there are 18,000 km of pipes that need to be replaced, and then all this about connecting the waterways between some state or another. The salient point is that there is a lot of built up demand for the products that this company is selling, and they are the largest producer in Malaysia, they also hold a contract that gives them a monopoly on supplying to Syabas.
I'm not sure when the water projects will materialise, but if it does this counter ought to skyrocket. Another problem is that the original ownder of this company, a chinese dude, sold of his major stake to a malay guy. YLI was doing very well... until it got sold to this Syed Yusof fella. Then everything went to the pits, management problem maybe? The company is still financially very strong, but any profit growth is going to be pretty much reliant on the water works project coming through, and maybe the water tariff hike.
Wednesday, August 18, 2010
Underwater
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.
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.
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.
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