Archive for January, 2010

16
Jan
10

Nazri Spin-doctoring the Ban of ‘Allah’ Word

The daily also quoted Nazri to have said that the series of attacks against the houses of worship has proven that the government was right in its decision to restrict the use of the word.

“Banning the use of ‘Allah’ by Christians was a pre-emptive move to stop outbreaks of religious violence in the nation,” he reportedly said.

Nazri also drew a parallel between the “Allah” dispute and the ‘cow head protest’ in Shah Alam last year, against the relocation of a temple in the Selangor capital.

-quoted from The Malaysian Insider

Nazri oh Nazri. Please don’t give us these kind of bullsh1t. We’re not stupid.

The use of the word of ‘Allah’ in Christian text was never an issue in the first place. But thanks to Syed Hamid Albar, he turned it into a big thing. This is proof of the narrow-mindedness & bigotry BN gahmen had instilled into the minds of so many Malaysian.

If there wasn’t a ban, and an ensuing court case. This would totally be a non-issue. The gahmen could’ve done the right thing and explained to the public that the word ‘allah’ simply means god in Arabic. But all these cheebai politicians decided to add oil to fire.

“Lets stir religious and racial hatred. Then send the UMNO machai’s to create some chaos.”

Seriously, these politicians are stupid. If they create a peaceful environment for business and increase the standard of living… then there are more money in the system for them to get corrupted. People would turn a blind eye as long as our lives are good (well… sort of turn half-a-blind-eye). Is it that difficult to figure out? Mahathir forgot teach you guys all these meh?

Yours Religiously,
theSPinDoctor

15
Jan
10

Earnings Quality

Here’s an article I read in MyPaper January 11, 2010 in Singapore. It is titled ‘Why all earnings are not equal’—an interview with Robert Olstein (Olstein All-Cap Value Fund) by Gretchen Morgenson for New York Times (I suppose NYT means that =P ).

And I find this a coincidence. I was recently speaking with Jackson, an friend of my sister. And he was talking to me about investments (more like me picking his brain). One of the things he mentioned is earnings quality.

Earnings (and profits) is just a number. It can be manipulated, defined, reviewed, re-defined, rounded off, obscured, obsfucated, etc. The information and the source of this earnings define its quality.

One of the most common example:
You take a look at the earnings of a company, and you see that this year there’s quite a sharp increase in earnings. This would look out of place when compared to previous years. So, you read the annual report/news in more detail and found that the company has just sold an asset (a building, land, factory, its operations, a subsidiary, etc). This means that this year’s earnings does not reflect the true business earnings. This is nothing bad. The analyst just needs to be aware.

Another type of obsfucation is the EBITDA. EBITDA = earnings before interest, tax, depreciation & amortization. Amortization = depreciation of non-tangible assets. I think it is bullcrap. All I know is that it does not reflect the actual earnings (or profit) of the company, and it’s useless except for obsfucation. Apparently, it is used by tech companies because they typically have very high cost of operation. And EBITDA is used to give a positive effect. Pffft…

The 2 scenarios below are sneakier. But can be easily spotted by checking the disparities between its earnings and its excess cash flow.

1. from Vincent (wshiong.blogspot.com)
The articles mentioned that this disparity can show up in the ways companies account for capital expenditures. Certain assets in a company can depreciate over the years. To increase the earnings (& profits), a company can manipulate the amount of depreciation. For example: KNM listed in Bursa Malaysia. Apparently, in order to plump up its earnings, it changed the depreciation of its assets from 99 years to 999 years. This would reduce the annual depreciation, and thus increase the earnings.
I told you these guys are sneaky. The article says: “One way to assess the accuracy of management’s estimates is to compare, over time, how much a company spends on new plant and equipment and how much it deducts in depreciation each year.”

2. from Jackson
A company (lets call it Company A) can also sign an agreement with another company (Company B). The agreement says that Company B agrees to buy 100k of products from Company A. Since this is considered a business done, it is listed in the earnings report as receivables. However, this deal is done near the end of the financial of Company A. And once the financial year is over and annual report done, they will terminate the agreement.
However, this ‘transaction’ will show up in the cash flow as a discrepancy because the amount received does not match the earnings. I mean, seriously, Company B wouldn’t be that crazy to actually give Company A money for a fake show.

For conclusion,
I’m gonna quote the article:
Some of the discrepancies that emerge can be temporary, cased by the lag time between an initial investment and subsequent write-downs for depreciation.

Companies in a growth phase, for instance, will show greater capital expenditures than depreciation as they increase investments in plant and equipment.

Consistent gulfs between capital spending and depreciation should concern investors. “You have to reconcile the differences, or the market will do it for you.”

03
Jan
10

富士山下

Recently, I started listening to Eason Chan’s songs (influenced by Pop Pop Music’s blog). Some of them are pretty good stuff, especially the Mandarin albums.

Then I came upon the song 富士山下 (fu si shan ha; At the Foot of Mt Fuji).

As I was searching for the lyrics, I stumbled upon this site:
jessemok.mysinablog.com

攔路雨偏似雪花 飲泣的你凍嗎
這風褸我給你磨到有襟花
連調了職也不怕 怎麼始終牽掛
苦心選中今天想車你回家

原諒我不再送花 傷口應要結疤
花瓣鋪滿心裡墳場才害怕
如若你非我不嫁 彼此終必火化
一生一世等一天需要代價

*誰都只得那雙手 靠擁抱亦難任(為)你擁有
 要擁有必先懂失去怎接受
 曾沿著雪路浪遊 為何為好事淚流
 誰能憑愛意要富士山私有

 何不把悲哀感覺 假設是來自你虛構
 試管裡找不到它染污眼眸
 前塵硬化像石頭 隨緣地拋下便逃走
 我絕不罕有 往街裡繞過一周 我便化烏有*

情人節不要說穿 只敢撫你髮端
這種姿態可會令你更心酸
留在汽車裡取暖 應該怎麼規勸
怎麼可以將手腕忍痛劃損

人活到幾歲算短 失戀只有更短
歸家需要幾里路誰能預算
忘掉我跟你恩怨 櫻花開了幾轉
東京之旅一早比一世遙遠
Repeat(*)*

你還嫌不夠 我把這陳年風褸 送贈你解咒

The curious blogger decided to dig into the meaning of the lyrics.
I’ve always been a little intrigued by the meaning of this song, and I find this song to be quite poetic and deep (well, sort of…). However, I was never curious enough to try to interpret the meaning of the song.

The blogger did a pretty good job deciphering the meaning. I find it amusing that it sparked a long discussion in the comments section with some people putting in their opinions and a few slamming the song for being a complicated burst of fart. LOL!

And one dude even commented that a certain spot at the foot of Mt Fuji is a place where many broken hearts end their misery by taking their own lives. This little info makes the song even more interesting because it gives the song some context to understand it better.

There are songs that are very literal. And there are song that are metaphorical. And there are some that are poetic. Some even weave between between being literal and metaphorical and poetic from line to line… or even more canggih: a combination of all. This make explaining a song very difficult.

Such as Desolation Row by Bob Dylan than a Mainland Chinese friend asked me to help interpret. It was talking about racism and 3 men were lynched in the process. I would have to understand what the context of the song is based on. Why certain well known characters (e.g. Einstein, Robin Hood, Cinderella) are used in the song to represent certain group of people. How the event unfolds in the song. My gawd, you literally have to have a wide range of knowledge to even begin to appreciate how well (or ridiculous) it’s written.
I couldn’t even explain to my friend half of what the song is trying to convey.

BTW, credit to the lyrics writer 林夕. The dude is a mad genius. =D




Twitter of a Cereal Killer

  • I love Dropbox because it is easy to use, easy to share stuff, easy to upload photos from my phone. db.tt/p5VJ3PCt 3 years ago
  • @BFMradio charcoal tab=activated carbon which absorbs toxins. Charred food are not carbon, they are carcinogenic chem eg HCA, acrylamide. 4 years ago
  • @BFMradio Great job, Boey. Love your comic! 5 years ago
  • @BFMradio Mira:the natural T in women tak cukup to turn u into Arnold. If u train hard enough, u'd probably look like a gymnast. =) 5 years ago
  • Bulgarian split squat is the most taxing exercise I've had to endure. It's a battle! 8 years ago
  • Hangzhou-lites go for IV drip during hi fever or sorethroat. -_-" Aiyoh, just drink lotsa 100 Plus and gargle saline water lah! Duh! 8 years ago
  • Got an earful from my superior. My right ear (was on the phone) is still ringing w/ her voice. Is it ok to hope that I get fired soon? LOL! 8 years ago
  • Just came back from HZ Hash Hound Harriers. Woooo, that was fun! I should so join again next week. 8 years ago

iamyuanwu’s fitness

Simplefit Level 6 day 3 = 14min 12s (12 Sep, Fri)

Hundred Pushups = Week 3 day 3 (13 Sep, Tue)

Stronglift 5x5 = temporary hiatus. Someone help me kick start plz, I mustn't waste the free Fitnesss First membership!

BN/UMN0 pisses me off!


Sep 05 BN MPs go 'study tour' to prevent them from jumping ship. X^D Stupiak tactic.
Sep 04 DrM 老马's seditious blog post <--click) inciting Malays to go amok. Told you DrM is evil.
Aug 29 Ahmad Ismail called me a bl00dy pendatang & do not deserve equal treatment. WTF?!

Lies... Damned lies... and Statistics

  • 109,656 have been victimised
Page Ranking Icon