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Seeing 'Three Kingdom' drama, I am also thinking like this Zhuge Liang in that drama, wanting to be free man, doing things we like such as learning things as a scholar. I always want to sit down and carefully study investment and companies. I will work on to the day that I can do like that.
Behavioural Finance in Investment World
I have missed one investment opportunity because I refused to pay few cents more to purchase. Right now, it has gone up to the point where it is useless to buy now. Similarly, I have a good feeling that the other two investment opportunities are going that direction for the same reason as above. It is extremely important not to be overconfidence like those in Sweden who were asked about their confidence in driving car during survey.
It is really tough to keep your emotion check while finding good chance to invest.
Human Resource Management
This arena is very important in making a business to be successful entity in the community. It also serve an important investment identity as mentioned by Philip Fisher. For given the different work environments I work in, I begin to notice the important of human resource handling. If the HR related regulation is outdated and stick in the mud, it will not be able to motivate employees to do on time or proceed good result. When everyone is leaning towards Web 2.0, it is important for HR to recognise the need of short break. It is pretty clear that when we stare LCD screens that have ultra brightness problems, our eyes tend to be tired by staring the same program. I agree with an article from BNET that it will do good to have 1 min short game to be played at facebook. After that, we may be refreshed again to do the same usual work.
Therefore, I will give 5 stars to those HR departments or personnels who are very attentive and aware of the work environment with the ability to modify the HR related regulation to meet the fast changing modern needs.
Account Receivables and Fundamental Analysis
Accountants and Accounts personnels know the flow of the account receivables. The textbook will tell us 20-40 days will be good based on the debtor collection period. I think different industries will have different level of debtor collection period. There is no hard fixed rule.
It is also true that accountants and accounts personnels will know how bad the account receivables are. One thing to them is very obvious: the longer the certain part of account receivable, the lower chance of them being repaid by debtors, the higher chance of them being written off. It can be very amazing if a company fail to know where the debtors are and what financial conditions they are in. With this failure, any company has no choice to write it off. Although banks use some kind of analysis methods to reduce credit risk, I will like to think if a non-financial company is so innovative enough to develop such analysis method to avoid having bad debt written off, it is bound to have higher cash flow in the future. With higher cash flow, it will be well-positioned for the internal growth.
Book
Book Title: The Guru Investor: How to Beat the Market Using History's Best Investment Strategies
Author: John P. Reese and Jack M. Forehand
Rating:6/10
Remark: Interesting guru screeners to find stocks on the basis of gurus' investment criteria. There are some errors.
Movies
Secretariat (Hollywood Movie 2010)
Synopsis:
This movie is based on the real-life story about a lady, who strive to get best throughbred horse that may be the horse racing winner.
Rating:8/10
Remark: Really touching story.
RED (Hollywood Movie 2010)
Synopsis:
A CIA retiree makes an attempt to meet a lady who he never met other than making a call to her frequently on the pretence of getting pension cheque. One day, he discovers someone trying to silence him. It turn out to be that he is up against his former employee. He goes out and meets her in order to protect her and at the same time, he tries to find out the truth on why he must be silenced.
Rating:9/10
Remark: Incredibly good action show. Enough pop-corn quality actions.
Ultramarines : A Warhammer 40,000 Movie (United Kingdom Movie 2010)
Synopsis:
A team of ultramarines answers distress call from Imperial Shine world by travelling there by air. Upon there, they investigate and discover surprising and twisted facts. Can they find the real truth?
Rating:6/10
Remark: Decent story.
Tony Del Piero wrote and posted at at 11:43 pm
