Let's get works done

My fellow gentlemen,

Malaysia has decided and the verdict is out. It is already evenly one week after this beloved country of ours, outrageously smitten by what all those political analysts and pundits termed it as a 'political tsunami'.

Flashing back on the day of March 9th as a day after the fateful polling date, i woke up from my atrocious sleep with full of anticipation and excitement. It felt like a new world was born, with new fresh air to breath and it appeared to be a such wonderful day.

I'm so delight and grateful because above all, the 12th General Election was successfully conducted and changes for the new government to step into several certain states are being done orderly with out so much immense trouble. Of course there are few unwanted events occured, initiated by a few quarters of selfish 'dickheads' and 'nincompoops', which unconsciously propelled things to be more complicated, as some have gone too far in their attempt to turn a state into a bloodbath turmoil by agitating the fire of racial polemic on street.

Undeniably, i was disgusted with Lim Kit Siang's credulous statement which issued impulsively in response to PAS YB Ir Mohd Nizar's appointment by the royal household of Perak as the new MB of the state even though Kit Siang had revoked it back and apologized later on. Fortunately, blessed with the wisdom of Perak's King, the tussle has been loosen out. DAP should have been aware that it alone without any strong backup by PAS and PKR supporters will never ever managed to accumulate such magnanimous votes it is enjoying now. Therefore PAS-PKR-DAP coalition must at utmost, put the interest of the people and country above theirs. They must work diligently together as a proof to the people that they are reliable and there would be no regret on people's side for putting them at where they are standing now.

We, the people who put you there, and we, the people can kick you down from there. So watch out and don't try us! There's no more time for hanky panky dowry and bickering among yourselves but let's get down to work and start serving the people!! Rakyat has been so hungry for too long for a credible and clean governance and rakyat want you to act and walk your talk.

So far, i tend to see that Lim Guan Eng seems to be a professional leader. I haven't heard yet any policy or suggestion coming out from his mouth that to marginalize or deprive any race or quarters off their rights. Let's give him his grace chance since he just being at the helm for merely a week for god sake!
Thus, what UMNO Penang has done to take things to the street, while they are the ones who slammed the oppositions all this while is very unwelcome.

Besides that, what Ali Rustam the Vice President of UMNO said that the federal government should stop all the development projects which have been planned for Penang hence the Penangites are deemed to be realized who's the boss now, is only reveal the true colours of this man. On the other hand, i really applaud Koh Tsu Khoon stance who hits out with his statement that all the projects must be proceeded for the benefit of people and UMNO Penang shouldn't did as what they have done recently in front of Komtar's building as it was so improper.

For all i care now is i want the best for Malaysia and i don't give shite whether it comes from UMNO, PAS, PKR, DAP, MCA, GERAKAN, MIC, PPP or whatsoever. I'll hail the one who speaks, acts and thinks for the betterment of rakyat and i'll screw up the one who serves the rakyat like pariah but he himself thinks and acts like the worst pariah of all pariah in this world.

Last but not least, i would like to congratulate all the people regardless their political affiliations who is able to think deliberately and to stay calm in a peaceful manner despite being provoked by irresponsible groups. Banzai Malaysia!!

Besto Regardo,
Ingenuity and maturity is our culture.
Peace and Love Malaysia.

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Gates no longer the richest, toppled by Buffett

American investment guru Warren Buffett has been named as the richest person in the world, knocking his friend Bill Gates off the top spot for the first time in 13 years.

Buffett, the 77-year-old boss of the Berkshire Hathaway company, saw his　wealth jump from $52bn last year to $62bn because of the rising value of his shares in the firm.

Microsoft co-founder Gates, whose fortune rose by $2bn to $58bn was pushed into third position in Forbes' 2008 list of the World's Billionaires.
He was pipped to second spot by Mexican telecoms tycoon Carlos Slim Helu, who has an estimated net worth of $60bn.

Buffett announced in 2006 that he would give the majority of his fortune to charity. Ironically, most of it will benefit the Bill & Melinda Gates Foundation.

For the first time ever, there are more than 1,000 billionaires on the list with 1,125 making the grade compared with 946 in 2007.
Their total net worth stands at a whopping $4.4 trillion.

And the average billionaire - if there is such a thing - is worth $3.9bn, that's $250 million more than last year

The US still has the most billionaires with 469, but Russia replaced Germany as the second-placed country with 87 billionaires.

This year's Top Ten contains a record-breaking four Indians, including steel magnate Lakshmi Mittal, who is Britain's richest resident.

The last 12 months also saw an unprecedented number of young billionaires, with Forbes listing 50 individuals under the age of 40.

The world's youngest billionaire is Facebook founder Mark Zuckerberg, ranked 785 with $1.5bn to his name. Not bad for a 23-year-old!

The Top 10 World Billionaires Ranking:

1 Name: Warren Buffett
Citizenship: US 　
Age: 77
Net Worth($bil):62.0
Source: Berkshire Hathaway

2 Name: Carlos Slim Helu
Citizenship: Mexico 　
Age: 68
Net Worth($bil):60.0
Source: Telecom

3 Name: Bill Gates
Citizenship: US
Age: 52
Net Worth($bil):58.0
Source: Microsoft

4 Name: Lakshmi Mittal
Citizenship: India
Age: 57
Net Worth($bil): 45.0
Source: Steel

5 Name: Mukesh Ambani
Citizenship: India
Age: 50
Net Worth($bil): 43.0
Source: petrochemicals

6 Name: Anil Ambani
Citizenship: India
Age: 48
Net Worth($bil): 42.0
Source: diversified

7 Name: Ingvar Kamprad
Citizenship: Sweden
Age: 81
Net Worth($bil): 31.0
Source: Ikea

8 Name: KP Singh
Citizanship: India
Age: 76
Net Worth($bil): 30.0
Source: real estate

9 Name: Oleg Deripaska
Citizenship: Russia
Age: 40
Net Worth($bil): 28.0
Source: Russian Aluminum

10 Name: Karl Albrecht
Citizenship: Germany
Age: 88
Net Worth($bil): 27.0
Source: Aldi (Retailing)

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Lessons from Warren Buffett’s guru

Source: Personal Investing By OOI KOK HWA, The Star

Phillip Fisher says he doesn't want a lot of good investments but a few good outstanding ones.

What can we learn from Philip Fisher?

Philip A. Fisher, one of Warren Buffett’s investment gurus, is known for his philosophy on the qualitative aspects of selecting a good company for investment. Buffett learned qualitative analysis from him.

Fisher got his early education at Stanford Business School. He joined an independent San Francisco bank as a securities analyst in 1928, and founded Fisher & Co, an investment counselling business, in 1931.

According to his book entitled Common Stocks and Uncommon Profits, one of the most important investment philosophies from Fisher is Scuttlebutt, which he also calls “the business grapevine”, in investing.

Scuttlebutt is the use of the business grapevine to analyse a company. We can obtain the information from customers, employees, suppliers, academics, trade association officers, industry observers, etc. This information is crucial in determining the character of its managers and the potential of the company.

A good company should exhibit unquestionable management integrity, own highly competitive products, be in a healthy financial position, have good cost control and be effective in its research programme.

According to Fisher, even though it is hard to know quality of management, a good management team should possess the ability to carry out day-to-day tasks efficiently and have good long-term planning. The management should also have high integrity and maintain good labour, personal and executive relations.

Fisher is a believer of growth investing. We need to select stocks that have great potential to grow their businesses. It will be a waste of time to hold on to stocks that have no growth potential. He believes that we can get capital gains by buying into these companies as their stock prices would go up in line with the increase in their intrinsic value.

It requires extensive research before you can get one. Fisher said: “I don’t want a lot of good investments; I want a few outstanding ones.” These companies can be bought at high historic price earnings ratio (PER) because there is a possibility that their stock price is reflecting good news you don’t know about yet.

The growth companies should demonstrate strong and well-directed research capabilities. These companies should also exhibit an above-average sales organisation. Besides, they need to have a sustainable profit margin and good return on capital. Normally, these companies are the market leaders in the industry and have the advantages of scale.

A consistent and predictable dividend policy will provide the minimum returns to investors. Although high dividends are good for investors, to maintain business growth, high growth companies need to retain a certain level of profits for future expansion.

If a company is paying dividends with little retained earnings, it will cause lower reinvestment, which will affect its long-term growth. As mentioned earlier, the main returns to an investor is capital gain. He believes that buying into high growth companies will provide the capital gain.

When to sell

Fisher believes in long-term investment. According to him, the most important thing is to select the right stocks. “If the job has been correctly done when a common stock is purchased, the time to sell it is almost never,” he said. However, if we select the wrong stocks, we need to sell.

We need to admit that we have made mistakes in our calculation. This attitude is important as not many retailers have the courage to admit their mistakes. Furthermore, we should not expect to be right all the time. We should be aware that we can make mistakes and we will make mistakes in our analysis, but more importantly, we need to learn from our mistakes.

Fisher said: “The chief difference between a fool and a wise man is that the wise man learns from his mistakes, while the fool never does.”

Fisher will only call a sell on a stock when the company or industry has changed and the stock no longer qualifies as a growth stock or a better prospect is available elsewhere. He will not sell a stock just because a stock appears to be selling for a significantly above average PER or because the stock price has increased.

He believes that most investors always make mistakes by selling their stocks with the hope of buying them back at lower prices. In most instances, the investors miss the stock when it recovers.


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