Monday, December 22, 2008

^V^ $$$ HAPPY NEW YEAR $$$ ^V^






I hv bot in TNB @ 5.90 just now 4 short term trade, it is almost at its bottom (Year low 5.85 ), u can see we r heading to year end window dressing , i am quite sure TNB would be one of them , EPF has been buying aggressively since last month, 5% to 10% gain from it shouldnt be any problem in short term. ( be prepared to hold if mkt goes against u )

I would like to share with u my idol's thought as below :-

What does it take to become a successful investor? Brilliance or Smartness?

Neither, Success in investing doesn't correlate with I.Q. Once you have ordinary intelligence, what you need is the temperament to control the urges that gets other people into trouble in investing.

When do you deicide to invest in a firm?

The best thing that happens to us is when a great company gets into temporary trouble. We want to buy them when they're on the operating table. (Mr. Buffett bought Coke when it had its biggest fiasco after launching New Coke; he bought American Express when it went through a loss making phase in the early 60's)

What do you look for in people when they come to sell their firms to you?

I don't look for the usual credentials such as an MBA, a pedigree (Harvard, Wharton), or cash reserves or market cap of their firm. What I look for is just a passion in their eyes; I think that's the key. A person who is hungry will always do well. I prefer it when people evenafter selling stay on and work for the firm; they are people who can't wait to get off their bed to get to work. Passion is everything; there is no replacement for innate interest.

Mr. Buffett, you told us that Berkshire Hathaway has $ 45 Billion in cash. Why aren't you investing?

Up until a few years back I had more ideas than money. Now I have more money than ideas.

When do you plan to retire?

I love my job; I love it so much that I tap dance to work. Mrs. B, the founder of Nebraska Furniture Mark worked until she was 104, she died within 6 months of her retirement, that's a lesson to all my managers, don't retire! I personally am going to work 6-7 years after I die, probably that's what they mean when they say- "Thinking out of the Box"!!

Why do stock market crashes happen?

Because of human nature for greed and insecurity. The 1970s were unbelievable. The world wasn't going to end, but businesses were being given away. Human nature has not changed. People will always behave in a manic-depressive way over time. They will offer great values to you."

What are the things that are taught wrong in Business school and the corporate world?

I like such open ended questions, I think Business schools should refrain from teaching their wards about profit making and profit making alone, it gives a sense of 1 dimensional outlook to the young students that loss is a curse. In reality, in the corporate world, failure and loss making are inevitable. The capital market without loss is like Christianity without hell. I think they should teach the student on how to buy a business, how to value a business? Not just on how to determine the price of a business. Because price is what you pay, value is what you get.

Do you still hate Technology stocks?

With Coke I can come up with a very rational figure for the cash it will generate in the future. But with the top 10 Internet companies, how much cash will they produce over the next 25 years? If you say you don't know, then you don't know what it is worth and you arespeculating, not investing. All I know is that I don't know, and if I don't know, I don't invest."

How to think about Investing?


The first investment primer was written by Aesop in 600 B.C. He said, 'A bird in the hand is worth two in the bush.' Aesop forgot to saywhen you get the two in the bush and what interest rates are; investing is simply figuring out your cash outlay (the bird in the hand) and comparing it to how many birds are in the bush and when you get them."

How do you feel after donating $ 40 Billion to the Bill and Melinda Gates foundation? You are a hero to us!

I feel nothing. I haven't sacrificed anything in life. I have had a good life. I donated after I turned 75. I think I admire those people who sacrifice their time, share their food and home, as the people to be emulated, not me. Besides, what is money before a man's life?

What do you think are the pitfalls in donation?

I have never donated a dime to churches or other such organizations; I need to believe in something before I end up doing that. I have beenobserving the Bill & Melinda Gates foundation for years now and I am confident they will do a fantastic job of making use of the money. I am a big believer in Outsourcing, others believed in me as an Investor and gave their hard earned money to invest. I believe in Bill Gates, he is a better donor than me.

Why do you work from Omaha and not Wall Street , New York ?

Wall Street is the only place where people alight from Rolls Royce to get advised by people who use the Public transportation system.

You seem to be so well read, tell us how it all started.

My father was a stock broker, so we had all these financial books in our library. He introduced me to those classics and I got into them. Iam lucky that my father was not a fan of Playboy! Reading is the best habit you can get. Well, you can learn from teachers too, and have mentors but there are so many constraints attached- they will talk fast, talk slow, they might talk like a pro or they might be terrible communicators. Books are a different animal altogether, I love reading! The beauty about reading and learning is that the more you learn the more you want to learn.

People who join Berkshire Hathaway seldom leave. How do you get along well with all your executives?

I try to get quality people. I always say - Hire someone in your organization who is better than you are. If you do that, you build a company of giants. If you get people worse than yourself, you build a company of dwarfs. And do not try to do everything yourself. Delegate the jobs and look out of the window. The results will come. That's how you build institutions. It happens only when you empower others, believe in others. Iam an investor, Iam very secured at that, I have no clue how to make Coca-Cola or how to dole out credit cards (Mr. Buffett owns 8% of Coca-Cola and 13 % of American Express). I understand the wisdom of the aphorism that you cannot please all the people all the time. Of Course, you will always find qualities that you don't like in people around you, but if you observe carefully the love of the work unites you both. There is no point in being obsessive about a bad quality in a person, whom you otherwise respect.

I am a small time businessman from Dallas , Texas , what do I need to do to hit big time?

Be patient, Achieving your financial goals and dreams will not happen overnight. As much as we would all really love to accomplish our goals in a few years, this is an ongoing process. Defining your financial goals is not a one-time task; you need to keep adding new plans at different stages in your life. We all admire the skills of Olympic ice skaters, pro golfers, and concert pianists. But do we remember that they didn't acquire their skills overnight? They had to practice hours on end for years to achieve their dreams. The key to success is to continue learning throughout your life with a voracious appetite.

I think it is marvelous that you have had a golden run with investing, how did you do that?

My rule is to be fearful when others are greedy, and be greedy when others are fearful. Besides, I call investing the greatest job in the world because you never have to swing. You stand at the plate; the pitcher throws you General Motors at 47! U.S. Steel at 39! And nobody calls a strike on you. There's no penalty except opportunity lost. All day you wait for the pitch you like; then when the fielders are asleep, you step up and hit it. Stay dispassionate and be patient. You're dealing with a lot of silly people in the marketplace; it's like a great big casino and everyone else is boozing. If you can stick with drinking Coke, you should be OK. First the crowd is boozy on optimism and buying every new issue in sight. The next moment it is boozy on pessimism, buying gold bars and predicting another Great Depression, most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.

Mr. Buffett you have seen so many crashes and recessions, your take on facing recessions and stock market crashes?

If past history was all there was to the game, the richest people would be librarians. Every scenario is different. But always remember, Tough times do not last. Tough people do.

What is the 1 biggest advice you would impart to a young investor like me?

Think for a moment that you are given a car and told this is the only car you would get for the rest of your life. Then you would make sure that you car is taken care of well, it is oiled and detailed every now and then. You would make sure that it never gets rusted, and you would garage it. Think of yourself as that car. You just get 1 body, 1 mind and 1 soul. Take care of it well. Invest in yourself - that would be my advice..

You personally know many of the Financial executives who are engineers of the current turmoil in the financial world, surprisingly even after record losses, those executives receive astronomical salaries and bonuses and arrogantly declare that they deserve it, why dont you advice them from making such decisions and what's your view on their justification for their pay?

I like sharing my ideas but don't like imposing my ideas on anybody. It doesn't make sense and is a waste of time. If somebody has decided that they know everything that is there to know, nobody can help them. The best way to learn and succeed is to know that we know nothing. There is an entire universe out there and still some of us think we can know everything. In the world of investing a few people after making some money tend to imagine they are invincible and great. This is the worst thing that could happen to any investor, because it surely means that the investor will end up taking unnecessary risks and end up losing everything – arrogance, ego and overconfidence are very lethal. Personally I don't feel too comfortable with too much extravagance, because I always think like an investor. My thought process doesn't see a lot of value in a fancy car or a designer suit. Thinking like an investor always is very important to bring in a sense of discipline and focus. Before reading balance sheets and investing you need to make sure your outlook and mindset is that of an investor. Never let ego, arrogance and over-confidence control you - not just as an investor but also as a human being. You will never have internal peace if you are unable to look at everybody around you with love, compassion and understanding. Irrespective of who the person is, he or she can teach you something you don't know. I have learnt so much from people all around me and I wouldn't have been able to learn all these wonderful things if I had not spoken to them with a smile. To quote Sir Isaac Newton- If I have seen farther than others, it is because I have stood on the shoulders of giants.

Tuesday, December 16, 2008

^V^Besides YTLpowerwb , d next water liu liu stock is Genting International @<0.40 ^V^



^V^

Genting International shot up > 20% within a week after I called 4 buy @0.40 in YM chat with CYT, this got nothing to shout about cos I didnt publish it in my blog, hence u can consider this one as my back hand call ! d below is d chat between me n cyt talking about buy on genting international b4 she shot up :-

GOS (12/11/2008 3:20:07 PM): after we sold ytlpowerwb..
GOS (12/11/2008 3:20:10 PM): keep d cash
GOS (12/11/2008 3:20:21 PM): there r lots of water liu liu stocks there to buy
cyt (12/11/2008 3:20:27 PM): ya ya
GOS (12/11/2008 3:20:30 PM): must be bluechips
cyt (12/11/2008 3:23:56 PM): if i can sell > 70, i have 42k+ cash
GOS (12/11/2008 3:26:43 PM):
cyt (12/11/2008 3:27:02 PM): pray pray..
GOS (12/11/2008 3:27:13 PM): tmi @ 3.00+ water liu liu
GOS (12/11/2008 3:27:21 PM): too bad she bounced back liaoo
cyt (12/11/2008 3:27:22 PM): I FOLLOW U!
GOS (12/11/2008 3:27:55 PM): this year u dont follow never mind..but next year u must follow me 100% !
cyt (12/11/2008 3:28:29 PM): hahah..
GOS (12/11/2008 3:29:07 PM): genting international @0.30 to 0.40+- is a gem !
GOS (12/11/2008 3:29:17 PM): singapore stock
GOS (12/11/2008 3:29:32 PM): >100% return in 3 years sup sup sui
cyt (12/11/2008 3:29:32 PM): year high how much?
GOS (12/11/2008 3:29:37 PM): 1.10 high in 2007
GOS (12/11/2008 3:29:40 PM): ipo 0.25
GOS (12/11/2008 3:29:50 PM): check yrself how much she worth now?
GOS (12/11/2008 3:32:45 PM): d internet charges here expensive
GOS (12/11/2008 3:32:53 PM): damn rm10.00 per hour
cyt (12/11/2008 3:34:24 PM): can't find genting
cyt (12/11/2008 3:34:31 PM): issit this one http://sg.finance.yahoo.com/q?s=G13.SI&d=t?
GOS (12/11/2008 3:35:01 PM): yes
GOS (12/11/2008 3:35:10 PM): this one damn gem
cyt (12/11/2008 3:35:17 PM): 0.415 wor..
cyt (12/11/2008 3:35:20 PM): u said 30 cents?
GOS (12/11/2008 3:35:32 PM): but make sure u keep it to yrself esp dont tell TA buggers...ok ?
cyt (12/11/2008 3:35:40 PM):
GOS (12/11/2008 3:35:50 PM): it was once thirty something
GOS (12/11/2008 3:35:54 PM): bounced back abit
GOS (12/11/2008 3:37:49 PM): u got confidence on this ?
GOS (12/11/2008 3:37:55 PM): 100% sure win if u can buy <0.40 or even @ 0.41
cyt (12/11/2008 3:37:56 PM): genting?
GOS (12/11/2008 3:37:59 PM): yes
GOS (12/11/2008 3:38:03 PM): genting int
cyt (12/11/2008 3:38:17 PM): need to take a look only know
GOS (12/11/2008 3:38:22 PM): ha ha
GOS (12/11/2008 3:38:27 PM): if u take a look...
GOS (12/11/2008 3:38:35 PM): u wont be buying based on FA
GOS (12/11/2008 3:38:39 PM): cos no PE
GOS (12/11/2008 3:38:44 PM): still running at loss
cyt (12/11/2008 3:38:50 PM): ohh..
GOS (12/11/2008 3:38:53 PM): ha ha
cyt (12/11/2008 3:38:57 PM): hehe..
GOS (12/11/2008 3:39:00 PM): casino in sentosa
GOS (12/11/2008 3:39:05 PM): building up
GOS (12/11/2008 3:39:16 PM): where got income ?
GOS (12/11/2008 3:40:24 PM): its timing just nice
GOS (12/11/2008 3:40:35 PM): building up during recession
cyt (12/11/2008 3:40:48 PM): can complete or not?
GOS (12/11/2008 3:40:53 PM): once completed..economy should be recover by then
GOS (12/11/2008 3:41:00 PM): of course can
GOS (12/11/2008 3:41:06 PM): resorts is cash kow
GOS (12/11/2008 3:41:11 PM):
cyt (12/11/2008 3:42:08 PM): then i should open account d
GOS (12/11/2008 3:42:35 PM): u should
GOS (12/11/2008 3:42:41 PM): stand by first
GOS (12/11/2008 3:43:54 PM): trust me...gen int is definitely a gem if u can get it ard 0.40+-, 4 safe bet, buy in stages from 0.40+ to 0.30+
GOS (12/11/2008 3:44:04 PM): it is like ijmwb @0.38
GOS (12/11/2008 3:44:30 PM): 0.35 x 2.1 = 0.73 ringgit
cyt (12/11/2008 3:44:40 PM): okie, not trading play, right? holding one, right?
GOS (12/11/2008 3:44:46 PM): yes
GOS (12/11/2008 3:44:49 PM): lai liaoo
cyt (12/11/2008 3:45:11 PM): i dare not open the window, yesterday my CEO seems saw me see market
GOS (12/11/2008 3:45:20 PM):
cyt (12/11/2008 3:45:25 PM): he stand near me for a while, when i was monitoring ytlpowerwb
GOS (12/11/2008 3:45:35 PM): at this moment of time..it is good excuse to fire u
cyt (12/11/2008 3:45:43 PM):
GOS (12/11/2008 3:45:44 PM):
GOS (12/11/2008 3:45:56 PM): 0.65 gone
cyt (12/11/2008 3:46:00 PM):
GOS (12/11/2008 3:46:02 PM): 0.655 coming
GOS (12/11/2008 3:46:22 PM): mom 1.92 seller 1.93
cyt (12/11/2008 3:46:32 PM): u so confident it'll drop back and we can buy back?
GOS (12/11/2008 3:47:02 PM): i am not sure but i dun think its mom can goes >2.10
cyt (12/11/2008 3:48:26 PM): nvm sell first only see, long time no sell with profit d, wash my bad luck away also good
cyt (12/11/2008 3:48:27 PM):
GOS (12/11/2008 3:48:43 PM): u born in which year ah ?
cyt (12/11/2008 3:48:48 PM): 1976
cyt (12/11/2008 3:48:50 PM): dragon
cyt (12/11/2008 3:48:58 PM): next year not good year for me, i know
cyt (12/11/2008 3:49:02 PM): i read some books d
cyt (12/11/2008 3:49:03 PM):
cyt (12/11/2008 3:49:11 PM): especialy financially
GOS (12/11/2008 3:50:18 PM): next year is dog ah ?
cyt (12/11/2008 3:50:28 PM): bull
GOS (12/11/2008 3:50:43 PM): ok wat
GOS (12/11/2008 3:50:52 PM): next year is not bad 4 dragon
cyt (12/11/2008 3:51:22 PM): i read some 2009 book in Borders
cyt (12/11/2008 3:51:26 PM): say not so good
GOS (12/11/2008 3:51:31 PM): trust me
GOS (12/11/2008 3:53:09 PM): yr best year is rat n monkey
cyt (12/11/2008 3:53:22 PM): rat already no good
GOS (12/11/2008 3:53:54 PM): dos is yr bad year
GOS (12/11/2008 3:53:56 PM): dog
cyt (12/11/2008 3:54:52 PM): bali nice?
cyt (12/11/2008 3:55:01 PM): u stay where? expensive place?
GOS (12/11/2008 3:56:19 PM): i am surfing via internet n watching leng lui passing by
GOS (12/11/2008 3:56:26 PM):
cyt (12/11/2008 3:56:45 PM): go surfing lah
GOS (12/11/2008 3:56:49 PM): lai liaooo...mom 1.93
cyt (12/11/2008 3:56:54 PM): surf real one lah
cyt (12/11/2008 3:56:59 PM):
GOS (12/11/2008 3:57:16 PM): no sea sufing at my beach
GOS (12/11/2008 3:57:28 PM): further more i dun know how to surf oso
cyt (12/11/2008 3:57:46 PM): eh, u better be careful using public PC to access ur rhb account
cyt (12/11/2008 3:57:50 PM): very dangerous one
GOS (12/11/2008 3:58:22 PM): lei tung ngo ding
cyt (12/11/2008 3:58:49 PM): later ur ytlpowerwb sudenly all missing
GOS (12/11/2008 3:58:58 PM): is ok
GOS (12/11/2008 3:59:11 PM): all missing means..profit liao'
GOS (12/11/2008 3:59:26 PM): lai liaoo 0.655
cyt (12/11/2008 3:59:27 PM): missing means share missing, money also missing

))))))

Those who interested on Genting International , anything around 0.40+- to 0.30+- is a gem 4 long term play. dont chase at current price of 0.485 ^V^

Sunday, December 14, 2008

^V^ Shame on u ! do u know what u r barking about ? I dont think there is a need 4 u to carry yr surname "Khoo " anymore ! ^V^



http://www.themalaysianinsider.com.my/index.php/malaysia/14250-putonghua-education-under-fire-in-malaysia

Who said non English N Malay educated ppl couldnt stand high in global competition ? pls look at d Chinese , Japanese , Russian, French n Korean ! r u telling me that they r very much lacking behind us esp those malay educated ppl ?

DO u know there r lot of Nobel award winner in those non english n malay speaking countries ? any of these malay speaking countries can achieve that ?

Come to science n technology , look at India N China , they hv their space shuttle in outer space , can any of these malay speaking countries achieve that ?

Come on Prof ku ku , get yr facts right b4 u shame yrself here !

Another shame bugger like prof kuku, shame on u seng , u r no different from kuku ! what do u means by u see future in chinese language ? r u saying if there is no future in chinese language , as a chinese , u dont need to know yr mother tongue ? shame seng shame !

2 those who hv same thought like seng , listen here , look at those indonesian chinese who doesnt hv chinese name , doesnt know how to speak their mother tongue , dont u feel pity 4 them ? as a chinese , u hv d obligation to preserve yr culture n mother tongue, same goes to malay n India, never forget yr root !

((((((

15 Dec 08, 12:24
Seng: dreamy, the only reason I want to send my own kid to Chinese school is because I see the FUTURE there. If the FUTURE is in Bahasa Malaysia, I will send my kids there, but I don't because I just don't see the FUTURE there ...
15 Dec 08, 12:24
mydreamgetrich: try make a national school tat really hv world ranking n see. i bet 99% of the student will be chinese



邱家金“放弃华教论”激起反弹
党团轰自我矮化有失学者风范
12月10日 下午4点27分
马大历史系教授邱家金(左图)呼应早前巫统尤仑国会议员慕克里兹的言论,宣称华人应该放弃母语教育的说法引起众多的反弹,今天政党和民间组织继续炮轰他的说法。

雪隆华校董联会提醒邱家金勿自我矮化,应该先了解才评论,以免沦为“消灭华教的历史罪人而遗臭万年”。

而马大新青年协会则炮轰邱家金的言论有失他作为一个德高望重的学术人士的风范,让全体马大生蒙羞。

马华副总秘书陆垠佑强调,大马是多元种族社会,而且宪法和教育法令也保障着各族享有母语教育的权利,因此邱家金的说法有误导之嫌。

邱家金本周一(8日)接受媒体专访时表示,华人必须了解自己只是少数种族的处境,而务实地放弃在中小学使用华语为媒介语,以便走出种族框框,在充满竞争的世界上生存。

开倒车违多元自由世界潮流

雪隆华校董联会今天发表文告,抨击邱家金的“妥协放弃母语”论述“是一种自我矮化、完全泯失民族自尊,不懂母语文化为何物的奴化心态作祟”。

“我们奉劝邱教授最好先深入了解华社意愿,才来评论华教课题不迟,以免沦为消灭华教的历史罪人而遗臭万年。”

“随着自由、民主、开放的国际观席卷全球,国民思潮已从僵化的种族思想框框走向多元化、自由化及人性化的观念,邱家淦教授无视于这种开明潮流的前进,反而主张向单元化靠拢,无异于开历史的倒车,无视于世界发展大方向的腐儒之见。”

驳斥多元教育造就国民分裂

该董联会也驳斥“单元教育制度带来团结,多元媒介造成分裂”的说法,指它毫无事实根据,经不起验证,不过是单元种族思想极端政客的应声虫。

“我们认为,国民团结的关键在于政府所推行的政策及执行是否公平合理,不在于多元文化之特性,任何企图消灭他族文化的言论才是导致人民不和的祸根。”

邱家金言论让马大生都蒙羞

新青年协会批评邱家金“放弃母语教育”言论“恰恰好与巫统的领袖如出一辙,让马大生蒙羞”。

它提醒道,多源流教育体系是马来西亚的特色,也是世界人权宣言所赋予的权利,何况各种族在学习自己的母语同时,各源流学校也没有放弃教导国语和英语,因此又何来各族无法沟通之说呢?

多源流教育给校园蓬勃生气

新青年协会文告指出,多源流教育系统的存在让马来亚大学拥有形形色色的学生组织,让大学有着与众不同的生气。

“除此以外,马大也开办了享誉东南亚的马大中文系,而马大也靠华文教育背景出身的辩论员多次在世界华语辩坛夺冠,甚至是曾经击败中港台的队伍。另外,我国众多华教背景出身的艺人在他乡夺奖无数,为国争光。如此这般成就,又岂是实行“同化政策”的邻国所能媲美的?”

新青年协会也强调,华小或淡小背景出身的学生不会面对世界接轨的问题,否则“按照这样的逻辑,自小接受母语学习的中国和日本学生肯定无法具有竞争力,但是为何中国和日本一样可以成为世界强大的经济体呢?”

谨慎发言避免误导其他族群

刚上任霹雳州联委会署理主席陆垠佑劝请邱家金,在对外发表任何个人主观意见及看法之前,必须考量大马多元种族多元文化的现实,然后才谨慎发言。

“否则就会误导其他族群对华族坚持母语教育的看法,甚至也会影响到外国人对我国多元教育制度产生误解。”

华小生通晓三语具有竞争力

陆垠佑今天的文告也指出,邱家金似乎有意无意忽视了大马的现实,即大多数的华小毕业生都通晓三语:国语、英语及华语。

“在全球化的今天,通晓多种语文的人才,将在建设国家方面做出更多贡献,也更具有优势竞争能力,因此否决各族学习母语的基本权益,不只违反宪法,也与世界大趋势严重脱节。”

他强调,在维护华小以母语教学及捍卫华小特征的基础下,马华公会努力不懈地坚持民族教育大业的底线,使华族语言获得保留和发展。另一方面,马华也致力争取华校纳入教育政策的主流,以确保华校永不变质。