Tony Fernandes asked, "My point is that if you are running a private company, could you afford to cut 16% of your costs and still lose RM1 billion?" (18 Feb 2014).
"It's only because it is taxpayers' money that one can afford to do that. And this isn't solving the issue"
Khazanah 12 points plan to turnaround MAS came up in early September 2014.
My 2 sen thoughts:
Nothing have changed and nothing will change based on track record. If we can read between the line, Tony said it's because it is taxpayers' money. Period. (Accountability not required)
Khazanah, is alway been and always will be, using taxpayers' money. Head I win, tail you lose. Taxpayers' is always bearing the brunt for the government. This is not the first time, neither this will be the last. In respect of the 12 points have given us hope, yes, it gave us what exactly we need, 12 hopes.
Of course, someone said, do you have a better idea? I said yes, merged it with AirAsia or let the single largest be held by private owner, instead of substantially held by taxpayers' money. That is REAL CHANGE, not same old wine in different bottles, it was the wine, not the bottle that it didn't taste right.
(Will look back many years from now to see my judgement is correct, I mean my basis of coming to that judgement, track record and ownership and accountability)
save our soul www.falundafa.org
Tuesday, September 9, 2014
Thursday, September 4, 2014
SOS Crash? Crash? Crash?
Why would Warren Buffett stay invested significantly.
The answer is simple, he look for a wonderful company at a fair price instead of a fair company at a wonderful price.
He said, stop trying to predict the direction of stock market, the economy, interest rates or elections.
Since 1965, he turned USD1,000 into USD6.3 million in 48 years, compounding at about 20-23%p.a. He is able to do it because in USA, there are many wonderful companies to select from. Example, Mac Donald, Berkshire, Johnson & Johnson, P&G, Boeing, etc which has more than 50 years of fantastic history and has global biz.
Focus on ROE not EPS.
Buy companies which has strong histories of profitability AND with a dominant business franchise, hence able to improve their profit MARGIN.
The answer is simple, he look for a wonderful company at a fair price instead of a fair company at a wonderful price.
He said, stop trying to predict the direction of stock market, the economy, interest rates or elections.
Since 1965, he turned USD1,000 into USD6.3 million in 48 years, compounding at about 20-23%p.a. He is able to do it because in USA, there are many wonderful companies to select from. Example, Mac Donald, Berkshire, Johnson & Johnson, P&G, Boeing, etc which has more than 50 years of fantastic history and has global biz.
Focus on ROE not EPS.
Buy companies which has strong histories of profitability AND with a dominant business franchise, hence able to improve their profit MARGIN.
Tuesday, September 2, 2014
SOS The Secret Life of Walter Mitty
An interesting movie starred by Ben Miller.
His name is Walter Mitty. Worked with LIFE Magazine for 16 years as a Negative Asset Management, processing film negatives for "Sean O'conner" a famous photographer for LIFE.
It is about his journey of life looking for Sean O'conner for the missing piece of negative No.25 that was sent to Walter. Meanwhile, LIFE is going through a transition of being taken over by a new owner, where LIFE will published its last physical issue with the cover taken by Sean in the negative No. 25, which is MISSING. The new management was turning old fashion physical copy of LIFE into LIFE online, a digital copy.
"While there is Life, there's hope" the motto of the first issue of LIFE Mag. (not in the movie)
It is an interesting journey had when he followed the motto of the LIFE Mag,
To see the world…….
His name is Walter Mitty. Worked with LIFE Magazine for 16 years as a Negative Asset Management, processing film negatives for "Sean O'conner" a famous photographer for LIFE.
It is about his journey of life looking for Sean O'conner for the missing piece of negative No.25 that was sent to Walter. Meanwhile, LIFE is going through a transition of being taken over by a new owner, where LIFE will published its last physical issue with the cover taken by Sean in the negative No. 25, which is MISSING. The new management was turning old fashion physical copy of LIFE into LIFE online, a digital copy.
"While there is Life, there's hope" the motto of the first issue of LIFE Mag. (not in the movie)
It is an interesting journey had when he followed the motto of the LIFE Mag,
To see the world…….
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