On the night of 5th August 2012, thousands of Malaysian tune in their TV to watch the Olympic badminton final between Dato Lee and Lin Dan.

This is one of the very rare moment that we feel so close to each other. Our cheer and shout ripples across the country. Together we hope, for a Malaysia dream.

The dream is shattered when Lin Dan bursts out from the court with a 21-19 close victory. It's a heart-broken night

So close, so close..

I think I decoded the last ultimate calculation.

It's so simple and easy, but we just forget to look at it.

The basic of accounting.

I have a wrong concept stuck in my mind recently.

I thought that I would rate a stock with EPS Growth better than another stock without EPS Growth.

But somehow it doesn't make sense.
A lot of good stocks that I know are rated lower because of this concept.

Then, while looking at Berjaya Sports Toto's datasheet, I realize that I make a big mistake.

Some ultra stocks don't have EPS Growth because they have been distributing all their earning as dividend.

有些公司很赚钱，但它每年赚的钱都一样。

所谓的超级公司就是它不仅很赚钱，而且越赚越多。

这真的是非常棒的电影。
就算是看了第三回，我还是有新的领悟。

短短的三个小时，竟然能包含如此多的深奥哲理，在许多的画面里都不禁让我落下眼泪。

电影里几乎每一句对白、每一个画面都充满意义，一不留神就会遗漏了什么。

All of sudden, I realize that Malaysia's companies aren't that bad.

There're quite a lot of underdogs and good value companies.

WTF business model.

They have a total asset of 2.4 bil.
But they owe their suppliers/contractors etc for more than 1.1 bil.

They have no loan from the bank at all!
Their suppliers/contractors are their bank!

Free interest loan.

Crazy.

A journalist asked Warren Buffett about how to start knowing about the companies.

He replied: "Well, start with alphabet A"

That's what I have been doing.

The finding for today is that ALL banks have very steady EPS growth since 2008.
Some of the banks are selling cheap relative to their EPS.
They also look similar in financial statement.

Look like everyone can run a bank.

I found quite a batch of companies that're worth investing.

Some selling low, some selling high.

It's matter of timing.

I find it funny on how most Malaysia companies run their business.

Let's take a look at this example:

YTL Corp (Big, gigantic, rich owner)
Total asset: 51 billion
Total liability: 39 billion
Total equity: 12 billion

Average net income for last 5 years: 1 billion

It doesn't take Warren Buffett more than 1 second to conclude that he should throw away this company from his research profile for at least 10 years.

For a 51 billion size company, they manage to earn only 1 billion a year.
It's less than 2%.

Ruby is the smartest language I have encountered since Java.

It's so flexible that it's sometime confusing.

Look at this little example:
stylesheet_link_tag "application", :media => "all"

WHAT THE FUCK IS THIS?

It took me one hour to read through the tutorial to understand that it actually means:

stylesheet_link_tag("application",{"media"=>"all})
in PHP term but also usable in Ruby.

or

stylesheet_link_tag("application",{media: "all"})
in Javascript term but also usable in Ruby.