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This book is quite amazing, bringing me so much insight. I never knew that in general humans have brain capacity to remember 7 numbers at maximum, which explains why there are telephone numbers with only 7 numbers. Unfortunately, Singtel has added one more number to existing 7 numbers few years ago back.
It also mention why Paul Revere can get the attention of revolutionary leaders in the American revolutionary while the other guy, I cannot remember his name, fail to do so. Based on this, I suddenly thought of myself. It is quite unfortunate not to get myself surrounded with people who are interested to talk about investing and economics. I am equally comfortable in talking about every day life but I am very passionate to talk about investing and economics just like myself as a young kid talking about soccer. I see every day life as a package in our life, which may not differ much from others. In other words, I tend to treat them equally as an indifferent person towards every day life. Some people seem to place high importance to maximise their entertainment by talking every day life as long as there are two way conversations.
Nu Horizons Electronics Corporation and Irrational World
Its recent third quarter announcement sounds good to me. I wonder if not for merger deal announcement, this third quarter announcement can push its share price from, give and take, $3 to $4 or $5 (per share). I am surprised that Martin Kent, CEO, said that NUHC has not been able to reach that $7 price in the past three years. I wonder why it is so. In few months ago, financial statements clearly showed that NUHC was severely under priced.
Few days before 3rd Quarter announcement, I see a strong evidence that confirms my belief that the world is irrational. For a given merger announcement, we all know that the maximum price the stock can go is $7 per share. My eyes popped out when I saw the last price of US$7.20 plus. Why would silly buyer pay for that price? How can he make a profit. To make a profit, he can derail the current merger agreement and ask for higher cash tender offer. It seems to be illogical if he is small shareholder. Getting merger agreement to fail and wait for share price to rise from unknown last price (right after failure of merger)? It is quite long time to realise it. It is also illogical. We have no further answer. The conclusion is that people do irrational things that do not seem logical to me.
Not only at stock market, each morning I go to office. I see some people exit from the MRT station on the same way I do but want to cross one way wide road. If they want to go there, they should have taken safer route by taking another exit point, which they do not need to cross the road. Just a straight path. Truly illogical.
Book
Book Title: The Tipping Point: How Little Things Can Make a Big Difference
Author: Malcolm Gladwell
Rating:7/10
Remark: It is yet another insightful book written by Gladwell but less interesting than 'Outlier' one. I guess it is because I feel that it will bring many ideas to people who are very interested in marketing. In that book, the rationale of falling crime rate in New York is truly stunner to me, who does not live in New York. Overall, it is still good book to read.
Movies
Predator (Hollywood Movie 2010)
Synopsis:
Few humans were suddenly dropped from the sky out of blue. They are strangers to their own knowledge. They team up together to understand why they are in an island. Along the way, they discover monsters who are bigger and powerful than them. What will humans deal with those monsters who are wearing high technology armours and using laser powered weapons?
Rating:5/10
Remark: Average movie with boring storyline.
The Last Airbender (Hollywood Movie 2010)
Synopsis:
The Fire Nation is trying to conquer the other three nations, Water, Air, Earth. In order to do this, it has to suppress Avatar, who is the master of four elements (water, air, earth, fire). Avatar is the only one who can communicate with the spirits. One day, Avatar disappears and the Fire Nation manages to conquer most of the lands. Suddenly, Avatar appears out of the blue. How shall Fire Nation deal with the Avatar?
Rating:6/10
Remark: Great story but thin details.
How to Train Your Dragon (Hollywood Animation Movie 2010)
Synopsis:
Vikings live in the island, where dragons steal livestock from them. Outraged with them, vikings want to kill them so as to protect their food. There is a young kid, whose father is leading their village to fight dragons. But this young kid is timid compared to his brave and strong father. One day, he shot the dragon, who fall into the forest that is few miles away from his village. He finds that dragon and befriend it somehow. What happens next?
Rating:9/10
Remark: Nice show. The morale of this story is to do something different when things does not look good.
Tony Del Piero wrote and posted at at 11:58 pm
