Saturday, 8 August 2015

The Best Jibe At OZ Cricket's Dashed Ashes

If you follow cricket, the Ashes is the pinnacle event to follow because it pits England with Australia only. The English team has had a mediocre rebuilding team for the past 5 years, compared to the mighty Aussies which has stayed in the top two status for the longest time. 

In the current fourth test, which already sees England leading the best out of 5 series by 2-1, the Aussies had to at least win one and draw the other test to retain the Ashes. A Test usually runs for 5 days and it is normal for a team to bat for at least a day or a day and a half. The entire OZ team went out in about one hour and while 60 runs is not the lowest ever score, its pathetic in terms of number of deliveries needed to bowl the whole team out.

Naturally in this Pommicide, there were plenty of jibes at the Aussies, which I follow. But the most telling, funny and hurtful is the TWEET which summarises the whole innings in one tweet. There are 140 characters allowed I think, and in normal cricket scoring one over has 6 balls to be delivered. 0 means no run from that delivery, 1 means one run etc... W means a wicket has fallen.

When you can summarise the whole innings in one tweet, its so embarrassing to say the least, but kudos to the guy who composed it.





04W24W0W04100000W40000110W020000401000W000000000101000011W0011200010040040000W1W30000000000000400000000000001004W

Wednesday, 5 August 2015

Wild Is The Wind

Cecil has been in the limelight for the past few weeks. It is very easy to be angry and condemn the trophy hunter. But lets be fair here. It is a horrendous act for sure, in particular when we put up the majestic picture of Cecil the lion - images of The Lion King only helped to fan the flames of fury.  But I think the general populace have over-reacted and jumped on the bandwagon of herd mentality and herd-like fury. The anger while understandable has certainly gone way way way overboard.


Let's look at some factors which we need to consider:

- we should not hunt esp when the specie is endangered

- we should never encourage hunting as a sport, esp when we do not make use of what we obliterate (i.e. if we hunt for something, we should make use of it by way of food, etc..., btw when we kill to accessorise, thats pretty bad and unnecessary too)

- cuteness and how majestic an animal may look should have NO effect on how we feel and how we react to the reprehensible act ... why we have no "save the hyenas" or "save the wild dogs" events??? Its always cutest stuff like dolphins, pandas, etc ...

Many Americans and even Europeans were very vocal over the Cecil incident, and rightly so... but please check your own backyard ... fox hunting and deer hunting???!!!,  pleeeasseeee ... 

- the Disneyland effect ... you know how it is, when you actualise and give personality, voice and character to animals via cartoons, they can have a "perception/sensory effect" on how we ascribe human values to these creatures. I am in no way diminishing the essence of living things but we can say that the way we look at deers will never be far from the image of Bambi; the same for pandas, lions, etc... We just have to be mindful and be sensible enough to separate fact from fiction.

- there are varying levels of morality here, of which some are based on religious background. You can take the high road and say all living things are sacred and should not kill any living thing - be a vegan. Or you think we are born to be meat eaters/carnivores and there are "domesticated animals" such as pigs, chickens, cows, etc... that can be eaten. Then there are religious beliefs which may prohibit the killing and/or consumption of cows, or pigs, etc.. Then there are "modern cultural beliefs" that animals we keep as pets should never be eaten such as dogs and cats.

Hence we can have so many backgrounds which would colour our opinions. I think for sure:

a) we should NOT hunt for sport, or just for the fun of it (and not make use of it, not for decor or trophies or accessories)
b) we should never hunt if the specie is endangered
c) we should not kill for blatantly STUPID reasons, e.g. some animals' penises, some silly rhino's horn, elephant's tusk, etc...


That should form the basis of our platform on killing animals. One can add to the criteria above based on their cultural background, religious persuasion, and inherent values. 

Hence based on the top 3 criteria, killing Cecil was a big NO-NO and rightly should be condemned. But do not over react NOW if there are killings that are just as reprehensible at your backyard for centuries and you DID NOTHING ABOUT IT. Do not just get caught up with the Cecil thing just because its faddish.







(great insightful article by a Zimbabwean)

By Goodwill Nzou

When I was 9 years old, a solitary lion prowled villages near my home. After it killed a few chickens, some goats and finally a cow, we were warned to walk to school in groups and stop playing outside. My sisters no longer went alone to the river to collect water or wash dishes; my mother waited for my father and older brothers, armed with machetes, axes and spears, to escort her into the bush to collect firewood.

A week later, my mother gathered me with nine of my siblings to explain that her uncle had been attacked but escaped with nothing more than an injured leg. The lion sucked the life out of the village: No one socialized by fires at night; no one dared stroll over to a neighbor’s homestead. When the lion was finally killed, no one cared whether its murderer was a local person or a white trophy hunter, whether it was poached or killed legally. We danced and sang about the vanquishing of the fearsome beast and our escape from serious harm.

 Recently, a 14-year-old boy in a village not far from mine wasn’t so lucky. Sleeping in his family’s fields, as villagers do to protect crops from the hippos, buffalo and elephants that trample them, he was mauled by a lion and died. The killing of Cecil hasn’t garnered much more sympathy from urban Zimbabweans, although they live with no such danger. Few have ever seen a lion, since game drives are a luxury residents of a country with an average monthly income below $150 cannot afford.

Don’t misunderstand me: For Zimbabweans, wild animals have near-mystical significance. We belong to clans, and each clan claims an animal totem as its mythological ancestor. Mine is Nzou, elephant, and by tradition, I can’t eat elephant meat; it would be akin to eating a relative’s flesh. But our respect for these animals has never kept us from hunting them or allowing them to be hunted. (I’m familiar with dangerous animals; I lost my right leg to a snakebite when I was 11.)

The American tendency to romanticize animals that have been given actual names and to jump onto a hashtag train has turned an ordinary situation — there were 800 lions legally killed over a decade by well-heeled foreigners who shelled out serious money to prove their prowess — into what seems to my Zimbabwean eyes an absurdist circus.

PETA is calling for the hunter to be hanged. Zimbabwean politicians are accusing the United States of staging Cecil’s killing as a “ploy” to make our country look bad. And Americans who can’t find Zimbabwe on a map are applauding the nation’s demand for the extradition of the dentist, unaware that a baby elephant was reportedly slaughtered for our president’s most recent birthday banquet. We Zimbabweans are left shaking our heads, wondering why Americans care more about African animals than about African people.

 Don’t tell us what to do with our animals when you allowed your own mountain lions to be hunted to near extinction in the eastern United States. Don’t bemoan the clear-cutting of our forests when you turned yours into concrete jungles. And please, don’t offer me condolences about Cecil unless you’re also willing to offer me condolences for villagers killed or left hungry by his brethren, by political violence, or by hunger.

Friday, 17 July 2015

Candy Law Lam's Photoshoot

Candy Law Lam,  a mother of 3, released her photoshoot book ... and first run of 3,000 copies sold out immediately. A model and sometime actress 25 years ago... she has made her comeback in movies in two memorable movies recently. She had her divorce finalised two years ago. Oh, by the way she is 50 years old ... stunning!!!









Wednesday, 15 July 2015

Countries Stock market's Capitalisation As A % Of GDP

Someone twitted to us during our BFM show about the veracity of the figures of a country's stock market as a percentage of GDP. Why is the figure important ... if you can strip out foreign listings and non related listings (inclusive of SPACs) and maybe some REITs that are foreign or regional in nature, you get a good grasp of how much of your economy is listed. 


The higher the figure, the higher the importance of the stockmarket in feeling and shrinking economic activity. IN a super bull, Malaysian domestic economy would flourish as most people will see a lot of funds swishing around, the same when its a bear market when restaurants business dwindles sharply. The higher the figure, the more attention will the central banks and authorities pay to major fluctuations in share markets.

China, though has a lowly figure of GDP that is listed, is important this time owing to the exuberant amount in leverage/margin.






http://data.worldbank.org/indicator/CM.MKT.LCAP.GD.ZS/countries


The latest figures were for 2012. There are still discrepancies because many markets have "outside interests" being listed as well on their markets. It could be REITs, foreign listings, etc...

Bahrain  52%
Belgium 60.2%
Bolivia 27%
Brazil 51%
Canada 110%
Chile 118%
China 43.7%
Colombia 71%
Denmark 69%
France 68%
Germany 42%
Greece 18%
HK 421%
India 69%
Indonesia 43%
Ireland 49%
South Korea 96%
Malaysia 156%
Mexico 44%
Holland 79%
Philippines 105%
Russia 43%
Singapore 143%
South Africa 154%
Spain 73%
Thailand 104%
UK 115%
USA 115%
Vietnam 21%





Saturday, 11 July 2015

Loyalty, Tolerance, Empathy, Leadership


There was a king. He had 10 wild dogs...
He used them to torture and eat all the ministers who made mistakes.

Once, one of the ministers gave an opinion which was wrong, and which the king didn’t like at all… 
So he ordered for the minister to be thrown to the dogs.

So the minister said, 
"I served you 10 years and you do this..?

Please give me 10 days before you throw me in with those dogs!"
So the king agreed… 

In those 10 days the minister went to the guard that was guarding the dogs and told him he wants to serve the dogs for the next 10 days… 

The guard was baffled… 
But he agreed… 
So the minister started feeding the dogs, cleaning them, washing them, providing all sorts of comfort to them.

When the 10 days were up… 

The king ordered that the minister be thrown in to the dogs as his punishment. 

But when he was thrown in, 

Everyone was amazed at what they saw..
They saw the dogs licking the feet of the minister!

So the king, baffled at what he saw, said:” what happened to my dogs. !!!” 

The minister then said;” 
I served the dogs for 10 days and they didn’t forget my service…
Yet I served you for 10 years and you forgot all on the first mistake!”… 

Wednesday, 8 July 2015

China's Baby Steps Into Capitalism

There is market support practiced by most countries financial authorities, usually with things such as circuit breakers, etc... but what the Chinese authorities have been doing is tantamount to meddling, acts of desperation, runs afoul of free market principles or proper capitalism. 


Here are the things China has done for the past 10 days to stop the sell down:

1) drop interest rat


es by 75 basis points
2) ban IPOs
3) ask state own firms not to sell shares
4) ask securities firms to buy shares (this one is so puzzling)
5) allow companies who wish to suspend their own shares, for basically any reason ... now its close to 50% of all listed companies in China having requested and being suspended from trading
6) restricted short bets on index futures

as if thats not enough, today they announce that anyone holding at least 5% shares in any listed company CANNOT sell their shares for 6 months.

BUT ... wait for it ... this one takes the cake ..."Under new rules announced last week by the country’s securities regulator, real estate has become an acceptable form of collateral for Chinese margin traders, who borrow money from securities firms to amplify their wagers on equities. That means if share prices fall enough, individual investors who pledge their homes could be at risk of losing them to a broker." To allow punters to literally bet the house on it ... soon securities firms will be the biggest house owners!!!

The ChinaSecurities Regulatory Commission has done more than what is deem proper in order to prop up the market. But markets are in panic mode and is fuelled mainly by passions and not rational thinking. Two things guide markets trend, FEAR & GREED. There is now too much panic and fear, and every additional step taken by CSRC are being viewed of acts of desperation and add fuel to fear.


The cascading effects of China's correction lies not with just punters betting on the markets but rather companies themselves using their shares as collateral for margin lines to play the market themselves. Much of the funds has gone to manipulate, support or push their own share prices higher, and/or bet on other companies. The cascading effect is due to margin facilities being cut, stop or collateral being sold down.

However when you can willy nilly suspend your counter to evade a sell down, the selling can only build up, not abate.
China isn’t the only market with a history of state intervention. During the Asian financial crisis in 1998, Hong Kong’s government bought shares worth $15 billion to prop up the market. In the U.S., the Securities and Exchange Commission temporarily banned short selling on some shares during the global financial crisis in 2008.
Xi Jinpeng has a bigger vested interest to prop up the markets. Thanks to his anti corruption drive, and a deliberate move to divert hot money from property, he has fast tracked the popular HK Connect which allows China investors to buy HK shares and vice versa. In a way, its also a good way to channel hot or laundered money out of the country. This was seen as an OK signal from the government to the public that its OK to buy shares. The anticipation that the HK Connect train would also apply to Shenzhen shares soon cause massive speculation especially in Shenzhen's already frothy and more speculative market.
The Grexit situation was a good reason for some big players to start taking chips off the table, what was unexepected was the domino effect and the many banks and financial firms holding collateral shares acted first, to start the dump rolling. With foreign investors exiting as they regard more and more intervention sound like a really iffy stock market place - they sold and sold with little intention to come back anytime soon.
Lessons here - recognise bubble when it is bubbling. Central banks must make sure banks are well capitalised and their exposure have limited consequences. Margin limits must be enforced religiously. Then bubbles will still burst, but we want to minimise the downside effects as much as we can. 
Welcome to the world of capitalism. Live and learn.

Thursday, 2 July 2015

Brave New World

Brave new world ... or just platforms masking as the middlemen, bringing buyer and seller of services on the one platform.