Wednesday, April 15, 2009
update your links!
I'm back to wordpress! I guess some things happened and I just want it to be a new start (: update ur links!
Wednesday, April 1, 2009
High Risk Investor
Haha koko must really be the highest risk taker investor I know!
Today he asked me if I want to SELL PUT to earn a premium on Citigroup and BAC. He says he doesn'tmind buying at 1.60 or 1.80. I think he is totally mad! hahahahaha!even if the tenor is 1 mth, stilll!!!!
He's really good though, he earned about 50% in just Feb and Mar, by pure trading alone. total portfolio by the way, which makes it a big deal, instead of just transactional 50%.
Today he asked me if I want to SELL PUT to earn a premium on Citigroup and BAC. He says he doesn'tmind buying at 1.60 or 1.80. I think he is totally mad! hahahahaha!even if the tenor is 1 mth, stilll!!!!
He's really good though, he earned about 50% in just Feb and Mar, by pure trading alone. total portfolio by the way, which makes it a big deal, instead of just transactional 50%.
Monday, March 30, 2009
Extremes
Looking at my blog it's almost as if I'm of split personality.
One post can be someone from finance and the next from church.
I can be both I guess. It's just so extreme sometimes. My 'mood' as well. The way I think, the way I function.
I'm trying to get a good balance, and put the God and work factor together.
Not as easy as I used to thikn, or P Kong made it sound.
One post can be someone from finance and the next from church.
I can be both I guess. It's just so extreme sometimes. My 'mood' as well. The way I think, the way I function.
I'm trying to get a good balance, and put the God and work factor together.
Not as easy as I used to thikn, or P Kong made it sound.
Snippets from George Soros
This crisis is different from all the others since the end of the second world war... This time, after the failure of Lehman Brothers last September, the system broke down and was put on artificial life support.. No-failure of any financial institution is guaranteed.
Many other countries could not offer similar guarantees. In the periphery countries, currencies fell, interest rates rose and credit default swap rates soared. When history is written, it will be recorded that - in contrast to the Great Depression - protectionism first prevailed in finance rather than trade.
Gordon Brown, recognised the problem and designated G20. Yet profound attitudinal differences have surfaced, particularly between the US and Germany. The US has recognised that the collapse of credit in the private sector can be reversed only by using the credit of the state to the full. Germany, traumatised by the memory of hyperinflation in the 1920s, is reluctant to sow the seeds of future inflation by incurring too much debt. Both positions are firmly held. The controversy threatens to disrupt the meeting.
Yet, common ground: developing countries need help.
--------
Anyway the title of the article is "Peripheral care should be the central concern." A part of me does not agree with the concept of rich helping poor, but since I'm a Christian and we live in the interdependant world as today, I guess the US really have to raise something this time. And this is beyond the fact that increased voting rights has to be exchanged for the money raised. Or am I wrong to put the 2 issues together? LOL.
On to regulations, I agree with Soros, that only owners of bonds should be allowed to write CDS on the bond/credit name. In similar light, stock exchanges should not allow shares to be shorted by non-holders.
Temasek lost some AUD 500 m? in its investments in ABC Learning largely because hedge funds shorted ABC shares in a concerted way after learning that the founders had borrowed against their shareholdings, even though the liquidation px level was almost 40% below the initial share price. Shorting shares was clearly very value destructive during Oct/Nov 08 – that’s why the SEC had to put a ban on some financial 700 financial stocks back then. Havn't they learnt a lesson?
Many other countries could not offer similar guarantees. In the periphery countries, currencies fell, interest rates rose and credit default swap rates soared. When history is written, it will be recorded that - in contrast to the Great Depression - protectionism first prevailed in finance rather than trade.
Gordon Brown, recognised the problem and designated G20. Yet profound attitudinal differences have surfaced, particularly between the US and Germany. The US has recognised that the collapse of credit in the private sector can be reversed only by using the credit of the state to the full. Germany, traumatised by the memory of hyperinflation in the 1920s, is reluctant to sow the seeds of future inflation by incurring too much debt. Both positions are firmly held. The controversy threatens to disrupt the meeting.
Yet, common ground: developing countries need help.
--------
Anyway the title of the article is "Peripheral care should be the central concern." A part of me does not agree with the concept of rich helping poor, but since I'm a Christian and we live in the interdependant world as today, I guess the US really have to raise something this time. And this is beyond the fact that increased voting rights has to be exchanged for the money raised. Or am I wrong to put the 2 issues together? LOL.
On to regulations, I agree with Soros, that only owners of bonds should be allowed to write CDS on the bond/credit name. In similar light, stock exchanges should not allow shares to be shorted by non-holders.
Temasek lost some AUD 500 m? in its investments in ABC Learning largely because hedge funds shorted ABC shares in a concerted way after learning that the founders had borrowed against their shareholdings, even though the liquidation px level was almost 40% below the initial share price. Shorting shares was clearly very value destructive during Oct/Nov 08 – that’s why the SEC had to put a ban on some financial 700 financial stocks back then. Havn't they learnt a lesson?
Saturday, March 28, 2009
Friday, March 27, 2009
Loads of Stuff
I really need sleep now because I have a presentation at 8.30 tomorrow. on a SATURDAY. And I havn't been having enough sleep! My computer crashed and all my files are gone so I have to stay up and redo all my research/papers! Just one paper due-d today and pres tmr I've been working on, and also my 2 presentations on Tuesday. One after another. and not counting my waaayyy overdue Fixed Income homework!
Still I really thank God for favor and strength. It's hard for me to pinpoint here and there God has been helping me but He really has! I seem to be able to see 'flow' so much better and faster. And somehow favor with groupmates is really, really evident.
So... thank God for work and for sleep I guess!
Kenneth's nick was 'fruitful sleepless nights'. O well I'm slightly better because when I sleep I really dont get disturbed, other than Joanne's really loud snoring!
--------
On my way home yesterday I saw a BM 6 series! Muahaha I threw the question out a few days ago on facebook, and most people actually guessed I'll get a beetle, cooper etc. But I actually kind of (secretly) wish for a BM 6.
But being practical as I am, probably I'll just settle on the i'm-using-my-parents-car-look cars (: O well! Recession time! No spending so much money on cars!
---------
We were talking about blogs after cell group and Dorothy said most blogs are emo and so she's being influenced to start a blog of positive stuff only. And it made me think because Zhen said my recent blog posts are a little bit emo and unlike me. Lots of people asked me (or ask her) if i'm okay too. -winks to zhen-
Because truthfully I'm not an emo person. Of course I have them, but just not driven by them. I'm very task oriented and if things bug me, it would be those that I do not know what to do about (: And usually I snap out of things very very easily. And I forget them!
I've never thought I am emo here! Actually the blog is really random (: and I stopped trying to be cheem because on my smallest attempt to EMPATHIZE with the poor in Africa, 2 social students verbally attacked and preached to me! haha! thank God I dont have other social science students reading my blog!
-------------
On a side note, SIM CHAN ENG can u appear on the face of the world?? I'm not annoyed la but I think mic just misses u :D
Still I really thank God for favor and strength. It's hard for me to pinpoint here and there God has been helping me but He really has! I seem to be able to see 'flow' so much better and faster. And somehow favor with groupmates is really, really evident.
So... thank God for work and for sleep I guess!
Kenneth's nick was 'fruitful sleepless nights'. O well I'm slightly better because when I sleep I really dont get disturbed, other than Joanne's really loud snoring!
--------
On my way home yesterday I saw a BM 6 series! Muahaha I threw the question out a few days ago on facebook, and most people actually guessed I'll get a beetle, cooper etc. But I actually kind of (secretly) wish for a BM 6.
But being practical as I am, probably I'll just settle on the i'm-using-my-parents-car-look cars (: O well! Recession time! No spending so much money on cars!
---------
We were talking about blogs after cell group and Dorothy said most blogs are emo and so she's being influenced to start a blog of positive stuff only. And it made me think because Zhen said my recent blog posts are a little bit emo and unlike me. Lots of people asked me (or ask her) if i'm okay too. -winks to zhen-
Because truthfully I'm not an emo person. Of course I have them, but just not driven by them. I'm very task oriented and if things bug me, it would be those that I do not know what to do about (: And usually I snap out of things very very easily. And I forget them!
I've never thought I am emo here! Actually the blog is really random (: and I stopped trying to be cheem because on my smallest attempt to EMPATHIZE with the poor in Africa, 2 social students verbally attacked and preached to me! haha! thank God I dont have other social science students reading my blog!
-------------
On a side note, SIM CHAN ENG can u appear on the face of the world?? I'm not annoyed la but I think mic just misses u :D
Buko Nero
Went Buko Nero last Friday. (: It's this very very small restaurant at Tanjong Pagar. It's very very homey, maybe because it's run by a couple, husband cooks and wife serves. Pretty sweet actually (:
Jac: Let's come back again and bring dad. The food is good!
Wife: Oh sorry. We're fully booked for next week.
Jac: Oh the week after?
Wife: Really sorry. We're booked till April.
Jac: Huh I must book for May?
Wife: Booking for May only opens in April...
Jac: Wah...
Yah that's how popular this restaurant is. And indeed, the food was really good!
We sat and was served with free appetizer from the chef. It's a very thin slice of bread with vinaigrette and a slice of pear on it. Almost like a burger setting (: I forgot the name but it tasted really really good! Saltiness from the slice of cheese and sweetness from the pear. Yum..
We didn't want to order an appetizer each so we shared. And we asked for really small bowls tester sized pumpkin soup. I don't usually eat pumpkin soup, but I really enjoyed this one so it's pretty exceptional.
Then, my favorite dish really. Bread with parma ham, beef carpaccio and melted mozzarella. I don't usually eat parma ham and carpaccio! But this one is served warm and slightly salty!
The beef was pretty good too, the usual taste of beef with red wine jus. Quality of beef is good, and very nicely mixed with blueberries!
Overall, Buko Nero is pretty traditional compared to recently rampant fusion/modern European food. Yet it has all these little perks that really makes the food exceptional (: I probably won't go back there because I can't get a reservation though.
During the lunch we popped the question about learning to cook and they said we can arrange an afternoon for the chef to teach us! It can either be a 3/4-course meal, so we can cook on fine dining occasions, or a range of similar dishes eg pasta cooking course (: Whee!
Buko Nero
126 Tanjong Pagar Road
Price: about $30 for main dish
Jac: Let's come back again and bring dad. The food is good!
Wife: Oh sorry. We're fully booked for next week.
Jac: Oh the week after?
Wife: Really sorry. We're booked till April.
Jac: Huh I must book for May?
Wife: Booking for May only opens in April...
Jac: Wah...
Yah that's how popular this restaurant is. And indeed, the food was really good!
We sat and was served with free appetizer from the chef. It's a very thin slice of bread with vinaigrette and a slice of pear on it. Almost like a burger setting (: I forgot the name but it tasted really really good! Saltiness from the slice of cheese and sweetness from the pear. Yum..
We didn't want to order an appetizer each so we shared. And we asked for really small bowls tester sized pumpkin soup. I don't usually eat pumpkin soup, but I really enjoyed this one so it's pretty exceptional.
Then, my favorite dish really. Bread with parma ham, beef carpaccio and melted mozzarella. I don't usually eat parma ham and carpaccio! But this one is served warm and slightly salty!
The beef was pretty good too, the usual taste of beef with red wine jus. Quality of beef is good, and very nicely mixed with blueberries!
Overall, Buko Nero is pretty traditional compared to recently rampant fusion/modern European food. Yet it has all these little perks that really makes the food exceptional (: I probably won't go back there because I can't get a reservation though.
During the lunch we popped the question about learning to cook and they said we can arrange an afternoon for the chef to teach us! It can either be a 3/4-course meal, so we can cook on fine dining occasions, or a range of similar dishes eg pasta cooking course (: Whee!
Buko Nero
126 Tanjong Pagar Road
Price: about $30 for main dish
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