Present like Steve Jobs by BNET

Everyone knows Steve Jobs of Apple Inc can hold and electriffy and wow an audience like nobody else in this world! Here are some tips from the above video by BNET.

1. Set the Theme - Be clear and consistent.

2. Provides an outline - Open and close each section for your presentation.

3. Use exciting words to share your enthusiasm - Wow your audience. Use words like : "incredible", "awesome" ,"extraordinary", "cool" etc. If you're not passionate about your offerings, why should your audience be?

4. Make numbers meaningful - Place numbers in context as they may not mean much alone.

5. Be easy on the eyes - Go visual and be interesting.

6. Treat your presentation like a show - Have a dramatic flair, have ebbs and flows and have videos and guest speakers if possible.

7. Rehearse, rehearse, rehearse - The chances are we won't have the resources to have rockstars or great resources available as Jobs does but we have time. Use that time to rehearse your presentation inside out.

8. "And one more thing.." - Let you audience think you have given them an added bonus.

To sum up, a presentation does not have to be dull - it can be a show to entertain, educate and above all, an experience to remember for your audience. Your product/service will be appreciated all the much more thanks to that!

Manage your Business Better with Action Coach Jeevan - BFM Podcast available

Is your team soaring or bogged down by these issues?

This week on BFM's Raise Your Game - Action Coach, Jeevan Sahadevan was on BFM to discuss eight team issues that may affect your business. Here are some takeaways!

The first four were covered in this 22 minute podcast and the next four will be covered next week.

Find the podcast here.

The four issues which were highlighted by Jeevan in the podcast were:

1) Trust - Is your sales team really out there selling? When there is a lack of trust, comes office politics in your company.

2) Laziness - Lack of Motivation/problem with work attitude?

3) Fear of Conflict - Pretty common I say in Asian context as we tend to be more passive aggressive or run away from any conflicts rather than solve it.

4) Lack of Commitment - Your team doesn't buy into your company's ideas.

Sounds familiar?

Here are some key take-aways to help overcome these problems:

a) Communicate and Build Trust Keep the lines of communication open and get to know people personally. Establish this by doing what Jeevan does to ALL his clients - At every team meeting, have a "WHISTLE" which stands for WHAT I FEEL LIKE EXPRESSING where the team goes around the table and everyone can express anything on their mind. The only rule is to noone else can speak when one is expressing him/herself. This gives a chance for employees to praise, criticize or get something off their chest.

The boss always goes last giving a chance to control the meeting. Overall this can be a chance to share and get to know each others. Sounds a bit touchy feely or unrealistic?

Initially, this may not kick of well but after sometime, people tend to open up according to Jeevan. In his words, usually the "effects are spectacular" and you get to learn something about everyone.

b) Trust - Give trust first and benefit of the doubt to your team. Have faith in your team.

c) Laziness is down to attitude. Pay attention to their attitude rather than paper qualifications. Hire hungry people who have something to prove.

d) Have a Mission Statement and set targets/a report mechanism. This way your team will know what to work towards and buy into your company's objectives on the big picture level and also exactly what they need to achieve and how they can contribute to achieve that big objective.

e) Feedback on the a Job Well Done - We always talk about customer feedback but what about feedback to your team on the good stuff, ie: "Just yesterday our client was really happy with the product we sold/The client was really happy with the great service you gave!"

Such feedback to your team would let them know that their efforts are helping the company and affirming their behaviour. Sometimes we can be quick to criticise, why not be quick to praise a job well-done?

Great takeaways, yes? Watch out this coming week for Part 2!

- Gotta love BFM and their Enterprise Series on Weekdays!

Disclosure: Unsolicited Post. Just somewhat a BFM fan-boy.

App-ing your Way to Success with Dropbox Part 2

Dropbox - Never email anything to yourself again!

Part 2 of my "App"-ing your Way to Success - Yes, even financial success. The more efficient and more organised you are, the better prepared you are for opportunities that come your way! For my 2nd part, I discuss Dropbox.

Dropbox is a cloud-based application that lets you save files across devices. Work on something, take a picture and save it into your Dropbox and you can access it via the web or your device's apps. It would even auto-sync between work stations as long as you are connected to the internet. So, I'll like to think it as your auto-sync flash drive in the cloud. Here's the kicker: Sign up for free and you can get 2GB straight off! Watch the video on their site for a quick and simple explanation on how it works exactly.

Email Files no more or Throw away your Flashdrives!

Before this, I used to email work files to myself but now I can access it through my Android phone's Dropbox app (iPhones have this app too) on the go or any laptop which has internet connection. Or if you work on different workstations, drop a file into your dropbox and it will auto-sync with your other work-station so you can view and edit it as necessary. All you need to do is to set your work folder as your dropbox or drag-and-drop or save it into your Dropbox! Basically, Dropbox replaces the act of backing up your smaller files on to a flashdrive or any portable hard-disk drive.

Share Files for Work, Projects or Personal Reasons

Another use for this is to share files among people who would need reference to certain documents. If you're working in a company where you need access to certain files (ie: forms to apply for leave, requisition forms,company guidelines) why not "dropbox" it and share it with all employees for their reference and use. If you're stuck in a meeting and you left your laptop, not to worry, you can pull the relevant file for quick reference on your phone/tablet with the Dropbox app right away. Who knows, it may save your neck if you forget to bring a certain document with you!

All you need to do is invite someone to join your dropbox and once he/she joins, his/her dropbox will upload the contents of your shared folder into his dropbox! Neat, eh? So you can share photos, groupons, stuff to print, the possibilities are yours to think off!

Another use is of course collaboration of documents of projects but I personally think Googledocs already does this quite well which will be a whole different post altogether! Watch for that.

So, what are you waiting for? Get Dropbox which I personally think will make flashdrives/portable HDDs the way of the Dodo (once Broadband speeds catch up of course!) Until then, Dropbox is the simple cloud solution for working seamlessly between workstations and devices!

For Part 3, I shall discuss what I dub "Facebook for Projects", so check back next week!

A shoutout to Regina's husband, Eric who introduced this really cool-app to me!

Disclosure: I am trying to work to my max free 8GB (still 6.5 GB to go) so if you don't have Dropbox yet, click on the links to it via this post or click here to sign up! (we both get 250 mbs free!)

Do you need to be a CFA to be a Better Investor?

Does the CFA helps with the numbers?(credit: Dreamstime)

Do you need to be a CFA (Certified Financial Analyst) to be Better Investor? A man dubbed as the "next Ben Graham" by the Forbes, Vitaliy N. Katsenelson has some insight into that. I have posted a review on his book "Little Book of Sideways Investing" here.

Here is the relevant excerpt from his interview with the Kirk Report.

-------------------------------------------------------------------------------------------------

"Kirk: Is it realistic to suggest that individual investors have what it takes to do the type of homework you and other professionals do, without a CFA?

Vitaliy: In short – the answer is YES.

I am a Chartered Financial Analyst, and I learned a lot from going through the CFA program (as well as from getting two finance degrees); but the problem with the CFA program is that half your time is wasted on useless concepts, and since there is an exam, the program also requires you to be a good test taker (I was never good at that).

It is probably still the most relevant program if you want to be an investor; but in all honesty, you can take the CFA curriculum, pick relevant subjects, e.g. economics, accounting, valuation (excluding Modern Portfolio Theory), statistics, behavioral finance, and derivatives, and study them on your own and just not worry about taking the exam. You’ll learn a lot, won’t waste your time on irrelevant academic and politically correct topics like ethics (all you need to know is to always put clients’ interests first, and err on the side of the perception of wrong doing vs. legality. When people trust you with their life savings, you never want them to question your true motives).

But that would be just a start. Then you’d want to read a lot on value investing (books, blogs, newsletters/interviews, presentations, etc.) and finally, take as much money as you could afford to lose and start investing.

Paraphrasing Charlie Munger, learning about investing only from books is like learning about sex from romantic novels."

-------------------------------------------------------------------------------------------------

Hm, so perhaps, I should re-think the CFA after all..! Lol!

Well, not quite. The main reason why I'm doing this is give me an internationally recognised qualification. A CFA to me is the Gold Standard in the investing world and would open up a career in investment. So, it's not a bad deal - personal improvement and career development to me. If I want to pursue a career in finance, this bolsters my CV/reputation.

Currently, locally, there are only 400 CFA charter holders in Malaysia. While this means there is a demand here but it opens windows to other countries within Asia too, ie: HK, Singapore.

So, be clear on that - you don't really need a CFA to be Better Investor but it helps. Just ask yourself, perhaps there is a cheaper and less time consuming way to improve yourself in the skill-sets offered within the programme?For those already sitting for it in Malaysia, all the best!

(Of course, remember, with or without CFA, remember your due diligence has to be "CFA-like" before investing. That's another take-away from the excerpt above!)

To read Vitalsky's full interview, check it out here : http://contrarianedge.com/2011/07/29/pyrrhic-victory-and-qa-with-kirk-report/

If you like what he has to offer, sign up for his email newsletters or his RSS feed while you're there!

"App"-ing your Way to Success Pt 1 - Evernote

Everyone knows an Elephant Doesn't Forget! (Evernote Logo)

Part 1 of my "App"-ing your Way to Success - Yes, even financial success. The more efficient and more organised you are, the better prepared you are for opportunities that come your way! For my first part, I discuss Evernote.

Evernote is THE reminder/task-reminder app for Android + Apple devices which links up to the internet/cloud so you can access all your reminders seamlessly in whatever form - video, text, audio locations, to-do-lists, links and you can even tag and share your notebooks. Notes are kept in notebooks which would basically be the category of notes. (ie: Work notebook, Health, Interesting Articles)

Their taglines are:

• Remember Everything
• Capture Anything
• Access Anywhere
• Find Things Fast

Excellent for the road warrior always on the move and if you don't have a pen, whip out your smartphone and why not just take a picture of it or audio record telling yourself what you need to do. Then, if you're away for your phone, you can always log in online to check your to-do list via your desktop or through your other devices. Basically, pens are now so 20th century, yo!

You can ever share notebooks with people to share information(think shopping list)/to-do-list. Basic stuff. Don't expect to run a project via Evernote basic.

To top it off , it's free on both the Apple and Android market! With premium (USD 5 a month or 45 a year), you get 1 gig of space, upload more file types - MSword, Video and you can even corroborate on projects via Evernote!

Other Alternatives
Other competitors which do pretty-much the same thing include Colour Note and Spring Pad. I have not done comprehensive testing on those apps except for some playing around with Spring Pad. One good thing is Spring Pad seems more colourful and is more interesting-looking by giving the option of using colour-coding. Evernote can be abit dull looking with its grey+green theme at times.

For my next 2nd part of this App series, I shall discuss a real-powerful tool and a personal favourite of mine - Dropbox. Catch me next week!

An intro video on Evernote by a 3rd Party.

Full Discloure: Yet, another unsolicited post!

CFA Preview Lecture : Securities Market @ Sunway 17/07/2011

Mr. Th’ng Beng Hooi, CFA giving a Preview Lecture on Securities Market

As part of their marketing, Sunway Tes and AB maximus held yet another preview talk at Sunway last Saturday. Yet, there are some Investment-related insights which I picked up and discuss in some detail here.


Retail Investors(ie: you and me)

One interesting point was when Mr. Th'ng was ranking the order of investors for equities and it went somewhat like this:

• Institutional Investors
  
• Corporate Investors
• ...
• Syndicates (yes, they are in every market even KL)
  
• ...
• Insiders
• Retail Investors ===> That's you and me!

Basically, he was making the point that we retail investors have very little advantage going for us.The other investors above the pecking order not only have the experience and knowledge but all the information needed right at their fingertips. What possible advantage can we have over these other investors?
(Yet interestingly, majority of fund managers don't beat the markets, so what edge do you have over than them?)

In fact, maybe none except long term holding. ie: for retirement as opposed to a mutual fund which has to make good returns annually Of course, this was coming from a self-proclaimed fan of Buffet(read: value investor) but he makes a good point on what little advantage you and I as retail investors have.

So? We have to be patient. Chances are information-wise we lose out to the syndicates, insiders and the big boys at the top as they have teams of researchers and what not behind them.

That's easier said then done, of course- Stocks being easily traded with a click of mouse these days, making it even more of a game running on emotions rather than rational decision making.

If you grow impatient, you may sell although the time frame you set out has not been met. So, that for me was an interesting reminder on what (little) advantage we retail investors have.

Also, at the end, he had a Q&A where he raised and addressed 2 interesting questions(funnily he posed to himself - see pic):

1) Fundamental or Technical Analysis - Which is better?
Mr Th'ng gave a good analogy - It's like Shaolin kung-fu. If you have a different style (crane, tiger, mantis, etc), doesn't really matter as long as you can defend yourself right? So, whatever works for you. As a Buffet fan or a CFA holder, that would usually mean fundamental but personally, the speaker uses both.

2) Will computers take over human jobs (in this field)?
Nowadays, trades are carried out automatically by computers. In fact the 2010 flash crash of the DOW recently (wikipedia here) was caused by such a sell programme that triggered other trades. Some firms out there deal with High Frequency Trades (HFTs) where trades are automated with programmes that pick up data and act on it.

However, this does not necessarily the end of our jobs - you still need a human to key in such data and formulas, no?

That aside, I know will go in my thoughts about the CFA part-time lectures offered by Sunway-Tec + AB Maximus (with Stalla materials):

CFA Part-time Lectures
This has been my 2nd preview lecture and the pricing for their weekend classes is RM4000 and RM 3600 for individual and corporate sponsored respectively. It includes revision and mocks. Sorry, don't have the sheets with me atm and can't find it online for exact details.

The lecturers so far have been impressive and the Stalla materials look impressive in the two preview lectures I have been. Also, Sunway is not too far compared to say Kasturi and the other Management College in KL apparently offering CFA classes too.

Unfortunately for me, it clashes with work on Saturdays so I might just settle for self-study with the Cafepacer (www.cafepacer.org) and maybe the Studymaster (thousands of questions to try out) and see where I get this December.

Oh for the other candidates out there, one question was posed:

Schweser or Stalla Schweser apparently is more concise and hence, suited for the time-strapped candidate. Stalla has been around longer but is more detailed. Sunway-TEC will be using Stalla so they endorse Stalla obviously.

Full Disclosure: This is an unsolicited/unsponsored post.

Buffet's Right Hand Man Speaks - Charlie Munger

This isn't Charlie.. but eye-catching, no?

The vice-chairman of Berkshire Hathaway (NYSE: BRK-B), Charlie Munger or perhaps, better know as Buffet's Right Hand Man speaks and is featured on www.fool.com.

One thing which resonates with me:

"On challenge: Most dentists and doctors know what they're doing. They deal with problems they know they can fix. I don't want that. It's in my nature to move toward the really hard problems that haven't yet been solved."

Really excited by the technological advances made by tablets. Just finished reading - Designing for the Ipad - Building Apps that Sell. Looking at this from an angle of maybe building a killer-app in what little spare time I have..? *shrugs*

It's just really exciting how it's a whole new frontier- how the iPad really much is a tabula rasa and innovative ways its being used to not only consume but also generate content are being created (think music instruments with the ipad) or yet to have been created! Then again, perhaps the writer is right in saying it's very much a 'gold rush'. May spend lots of time and all you get is - dust.

Source of quote: Morgan Housel (a writer for the Fool I also respect) covers Charlie's thoughts on the world in two parts can be found here:-

Check out here for Part 1

and... Part 2

Also, you can check out - Charlie Munger on How to Become Rich. - Very realistic down-to-earth advice.

In life, to get ahead, we have to seek mentors. Why not Charlie Munger as one of them?

Uranium - The Fuel of the Future

Uranium - Fuel of the Future?

Are fears over another Fukushima/Third-Mile/Chernobyl nuclear accident overblown and thus, a buy opportunity for Uranium related stocks?

In recent days, Uranium and its related shares (read: uranium miners) have taken a beating. Who can blame them after the Japan Catastrophe and the following backlash against nuclear energy.

Yet, you still have the former world's richest man, Bill Gates advocate that it will be Nuclear not Green Technology which can save the world from global warming by reducing carbon admission to 0%. Basically, his message is that a tremendous change has to come and most likely it will come from Nuclear Energy not Green Technology which may sound good but does too little good.

Read more here:

http://articles.cnn.com/2010-02-17/tech/bill.gates.nuclear_1_nuclear-reactors-nuclear-power-plant-nuclear-energy?_s=PM:TECH
Also, the Ted Vid: http://www.ted.com/talks/lang/eng/bill_gates.html

Demand-side there is another concern- Germany is phasing out all of its nuclear energy and this would reduce demand for uranium goes the bears.

Yet, India and China are still going overdrive into nuclear energy. It will come a day when China will be churning out one nuclear plant every two weeks. Read bloomberg here - "China and India will lead a 46 percent increase in consumption by the world’s five biggest atomic-power developers by 2020, according to data compiled by Bloomberg. "

On the supply side, the supply of uranium from decommissioned weapons will be reduced after 2013 from Russia.

Give these two separate demand and supply dynamics, are people just over-reacting and reeling from the Japan Nuclear/Tsunami disaster and the policy knee-jerk, perhaps uranium is a Buy Opportunity.

Until another fuel substance than can trump Uranium comes along, I'm inclined to think so, yes, buy.

For deeper Uranium-themed investment ideas, read Howard Ruff's opinion on the Ruff Times here.

The World's Most Powerful Man, President Obama has a few Gems of Wisdom for us All.

http://www.fool.com/investing/general/2011/06/10/the-day-the-president-gave-us-his-financial-advice.aspx?source=facebook

" Save. Earn interest on those savings. Be a disciplined saver. Understand the distinction between investment and expenditure. "

Although this is probably more in the context of the US being in its over-indebted state, there is a personal moral behind this - save more, spend wisely.Words to the wise.

OKS publishes book on top 50 small caps in Malaysia, Singapore and Indonesia.

For more, check out Malaysian Insider's coverage here:

http://www.themalaysianinsider.com/business/article/osk-takes-small-cap-jewels-franchise-regional/

MEGB is also listed there a pick along with HELP international.

Sales here I come...!

Dear all,

Been busy lately with my new job which basically deals with sales... but the good news is that I've been reading alot of sales book and I would love to share what I have learnt and review these books too.

Of course, if you have any great books to recommend, let me know too!

So, watch this space!

Best regards,
Joe Cashflow.

Short review on Little Book of Sideways Investing

Dear all,

Sorry for the long hiatus! Back and recharged!

Yesterday, read the "Little Book of Sideways Investing" by Vitaly Katsenelson.

His Website can be found here: http://contrarianedge.com/book/

Basically, the investment thesis is to actively value invest looking for shares that fit all 3 criteria - Q for Quality, V for Value and G for growth. (Q+V+G). Once you find these, get them with a margin of safety and when they hit their value, that's when you sell.

What I also found interesting what his macroeconomic analysis for Japan, US and China dubbing them as Grey Swans. Grey swans are different in the sense that they are high impact, rare but predictable as opposed to Black swans.

He also warns of Axioms (defined as self-evident truth that require no proof) based on previous data. Such examples of axioms is China's growth and housing prices. We as humans are quick to draw conclusions based on say 20 years data because we deem it as pattern but sometimes we get the cause and effect wrong. In other words, the past does not necessarily equal to the present.

It was a thoroughly good read and I highly recommend it. He incorporates most of Buffet's principles but his time frame is a 5 years time one. For the exact methodology, you gotta check the book out yourself! Look out for the 'parable' of the cow farmer! It is quite a deep look into things but he does try his best to keep things simple and easy to grasp by having as few formulas as possible.

Personally, its a good refresher on Buffet's principles and provides more practical ways to actually implement those principles. A good edition to the little book of Investing series IMHO.

Away for the next two weeks...

Normal service to continue in mid April-ish

Dear readers,

With the impending Sarawak Elections, I have decided to go back and help out by volunteering to be an independent observer and attempt to be a "missionary of democracy". What better way to advocate for more transparent and free government than to actually go down to the ground, no?

But no fear, reader. I leave you with a few articles about the sage of Omaha for reading pleasure and the Rajaratnam Saga. These are interesting case studies for ethical investing...

Please do check back when I get back.

Until then take care and invest rationally and patiently!

Further reading:

http://www.fool.com/investing/international/2011/03/31/buffetts-bet-on-india.aspx

http://www.fool.com/investing/general/2011/04/04/advice-for-david-sokol-by-david-sokol.aspx - Heir apparent leaves for failing the "New York Times Test"?

The Rajaratnam saga or also known as the case not to commit insider trading:

WSJ article - http://online.wsj.com/article/SB126204917965408363.html - the whole web of insider trading

http://www.themalaysianinsider.com/business/article/mckinsey-in-uncomfortable-rajaratnam-trial-glare/ - McKinsey dragged into the mud

When is Enough - http://www.fool.com/investing/general/2011/03/04/when-rich-people-do-stupid-things.aspx?source=isesitlnk0000001&mrr=0.13

MEGB update no. 2

Is MEGB marching into the light with its newly approved programmes?

(credit: Dreamstime)

Since my last post on MEGB more than a month back, a lot has happened.

A Concerned Investor sends in some queries to MEGB's Investor Relations (IR) Another concerned MEGB shareholder, Zuuk has been sharing some info with me via email and these were his concerns:

1) An updated list of the shareholders - this was updated on 9.03.2011 - which shows that Fidelity and Smallcap World Fund were still shareholders to a total of 8.5%. But of course, this was 3 weeks ago and the composition may have changed and we can only wait and find out whether they have further shed their ownership of Masterskill's shares.

2) Zuuk also had concerns as MEGB's bursa announcement that it had obtained approval from the Education Ministry to run its Kuching campus which conflicted with the Kenanga report on MEGB saying that the Diploma in Nursing for Kuching was facing some delay in obtaining approval. Management's reply to this was that the two things are not the same thing as the former as to do with the campus and the latter with the programme. Hence, they were not conflicting. Nevertheless, good on Zuuk for spotting these things and being an active investor and of course, sharing this info with us

Catalysts for Higher Prices? MEGB now has hit around the average price I bought it - RM1.9 and the fact it has been in the news may have something to do with it:

March 23 - Approval for its Cheras Campus to conduct BSC (hons) Nursing programme - This is obviously good news as well, if all goes well, a recognised certificate is almost as good as printing money.

March 29 - Masterskill then announced it was to collobarate with Kinta Medical Centre to set up a physiotherapy centre - This again is a plus as it states that KMC will bear the costs and share the profits with Masterskill and this may give Masterskill the 'unique selling point' it needs to get more students into Masterskill as the healthcare education industry gets more crowded with more players entering into this space.

What about Dividends? Share Buy Back? Of course the two pieces of news I cannot wait for is the share buyback and the payout of dividends.

And guess what - they recommend a dividends payout of 7.9 cents per share payable on 15 June so if my maths is right - a 4.1% return for the shares at the price of RM1.89 (closing price today). Read about it on the Edge.

Yet, when I think about it, can MEGB afford to also do a share buyback? Can they fund both while expanding aggresively as they are opening its new campuses or do they have to settle for one option? To me, I would prefer a dividends payout as I am holding long on to MEGB. Perhaps, it's time to write into their IR to find out...

Update 31/03 : OSK research maintains MEGB as a trading buy with unchanged fair value of RM 3.44 citing the current PER at 6.4 the cheapest in its covergae. Read it on the Edge.

Full disclosure: Yes, I do have shares in MEGB.

Bargain Hunting in Malaysia or Should I use Groupon-clone sites for my Business?

Love cutting coupons? There's a better way! Check out these websites... I've listed a few in my previous posts - Groupsmore, Milkadeal, Mydeal to name a few.

Rather than reinvent the wheel - There are actually nearly 40 over such sites listed here (check out the comments area too)- http://groupon2u.com/groupon-malaysia-navigation-list-all-groupon-clone-sites-in-malaysia

How do these works?

These sites offer discounts up to 90% for SPA treatements, mani/pedi, meals, food stuff, etc.. Some of them offer free credit for the first purchase and for referring friends so do take advantage of them.

You agree to a deal and once enough people sign up, you pay and you get a coupon to claim your discount. That's why it's called a groupon (group+coupon!)

What does this mean for the consumer?

Great news! You can go looking for the next bargain and stick with it if you really like the service/the product. Or you can always wait for the next bargain!

What does this mean for the business?

Not so great news. Such websites can be great publicity but they must be able to deal with extra demand for their services/goods and wow, they have do be really good to make sure that customers keep coming back for more even without those massive discounts. You see the business will have to pay the website a cut of the remaining % and offer the service/product at really low margins or even at a loss!

Example : My burger is RM10. I ask groupon clone site to offer 50% off. So I get RM 5 for every coupon sold. Maybe.. every RM 2 goes to the groupon clone site for offering it.

If you gain yourself a loyal customer, great! But the biggest danger is that this may spark a price war and the smaller business cannot afford to do so and will close shop eventually and also generally, may cause business to lower their prices and accordingly, their margins suffer.

So,if you're a business, think carefully!

In fact, you must do the math - http://boss.blogs.nytimes.com/2010/11/23/doing-the-math-on-a-groupon-deal/ -Ask youself - can my business afford this and also take in this huge sudden demand because of my promotion?

But hey, if you're a consumer, rock on and enjoy all the sweet deals and save some money!

Quick Post: Warren isn't perfect? Goldman Sachs

Morgan Housel of Motley Fool Questions Whether Warren Buffet's Investment into Goldman Sachs (GS) during the 2008 Credit Crunch was all that Profitable.. with the benefit of 20/20 vision of course...

20/20?

Warren's returns in his preferential stocks of GS wasn't all that great after all including the warrants he got for 'sacrificing' his professional image for an 'all-evil' investment bank if you compare it to market returns from 2008 to today.

Read on here: http://www.fool.com/investing/general/2011/03/21/how-goldman-treated-warren-buffett.aspx

Maybe the Sage of Omaha isn't that great after all or is it fair to look back with the benefit of hindsight? That said, he has been known to have a few mistakes/failures in the past. Netjets and General Re are to name a few.

One thing's for sure. If you're as successful as Buffet, you have a tough reputation to keep!

More on YTL's Tan Sri Francis Yeoh - YES broadband

A Follow-up on the post I had on Tan Sri Francis Yeoh's(TSFY) Interview I had Posted Earlier - Why Maxis, Digi, Celcom should sit up and listen.

YTL's latest Offering - YES BROADBAND

The podcast is available here to listen/download.


Other podcasts of BFM are here. There's some really good stuff to check it out.


First thing, is he used very 'hip' language - repeated the word 'awesome' and 'cool' quite a few times which leads me to think this was a trained interview and perhaps, he is trying to hard to appeal to the younger crowd? He did not answer directly to the Interviewer's questions but rather was marketing YES broadband. He was asked what were his internal targets for subscribers (currently 100k) but he didn't give a straight answer.


Then again, I do not know Tan Sri personally so maybe that is how he talks naturally...

Another thing to clarify is that 4G is not strictly 4G but more like.. 3.5G. From my understanding, 4G would use different technology rather than the current tech used by YTL. Read here WIMAX is not really 4G.



Ok, those out of the way... It was quite insightful to pick the brains of one of the most admirable captains of industry in Malaysia. In fact, family owned firms do better in the hard times - as reported in Newsweek.

YES BROADBAND

YTL's YES broadband is a very, very powerful idea and I am in fact sold on the idea. In fact, I have put money where my mouth in and I do have some YTL Power shares which own part of the YTL Communications that is running the show.

Why am I sold? Well, for my HTC wildfire on 18 month contract - I have to spend roughly RM 100 a month - RM50 for my calls and RM 50 for internet (500mb). Now, imagine if I could not have a phone and just use the internet for all my calls and messages. Impossible you say? No, but that's what I am ALREADY doing. I am saving soo much of my line costs but using Gmail, Gtalk, Whatsapp and if I had Skype, I don't have to use my line at all ! Imagine, how much I will save. If I was Maxis, Digi, Celcom, hey, I'll be shaking in my boots.

If YES can give me the speeds it promises, why do you have to make calls and text on a 'traditional' mobile phone line? There was one day where I asked my friend: If I have internet, why do I need my phone? For texts, I can message my friends with Whatsapp and Gchat. For phone calls, I can call using Skype!

I think alot of people don't get it about YES broadband. It's not for the high end users and I don't think it is fair to compare it to say TM's UniFy. Why the coverage along the NS highway and the ERL? Why the coverage in main areas in West Malaysia? It's supposed to work more like a phone line than strictly internet usage to surf, download and play.

MMS and SMS are so, like, yesterday!

Tan Sri was spot on when he mentioned the power of apps. For RM 30 a month, I can use 3.5 Gigg as opposed to the RM 50 of my RM 100 for my HTC for 500 mb only! (which mind you, is already the cheapest monthly payment with Maxis) With all that RM 30, I don't need a line. I can keep in touch with friend with Skype and Whatsapp... theorectically speaking of course.

The savings are huge - RM70 a month - RM 840 by year's end! Almost enough to pay for this budget smartphone of mine!

I think there can be revolution here if YTL plays their cards right. At the moment, I believe YES still has many nagging problems right from its launch (site crashed!) and it needs to increase its distribution reach by setting up more booths. IMHO, it lacks the presence and awareness of its plans and the power of the internet its offers.

There is alot more discussed by Tan Sri but I shall keep focused on my opinion of YES. I believe if it does well, it will prove a challenge to exisiting telco companies and even Astro. With the bandwith, they can transmit shows/films to your computer/home. As Tan Sri says, "You don't know it but we have built pipes to each one of us"(liberally paraphrasing)

It will take time but this is a very brave bold move in the right direction. YES may one day be the platform for YTL to provide services provided by Netflix in the West and I think the hybrid TV is a move in that direction.

Malaysia watch out, YES may help re-define the way Malaysia works, play and learn this decade!

Taking advantage of this crisis.

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Read on:

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YTL'S TAN SRI YEOH SPEAKS ON BFM

Reporting this on the go. BFM's morning grill had the man behind Ytl on air to interview. Some key take away points:

- He believes YES broadband will revolutionise mobile telephony. Why use texts and normal phone lines when you have 4G and can use multimedia apps like whatsapp, gmail,Skype. He sells his YES experience like using colour tv and not being able to go back to black n white.

- On kl property prices, he believes a high speed train linking S'pore n kl is what we need to raise our deflated kl prices n the gov seems to be assessing the situation.

There's a edited repeat later at 1230 n a podcast on BFM later. My take on some of the stuff he said later.

Disclosure: yes I own shares in ytlpower.

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