Showing posts from August, 2012

A Flock of Black Swans

- P3 (BA) candidates better read and understand this!
What was said in my class? 
Last semester ( about February, 2012), I have said in my modest size P3 class in PJ Kasturi that I am more worried about the PIIGS (Portugal, Ireland, Island, Greek and Spain) Government default more than the after effects of Japan's economic effect of tsunami. [PIC 1 & 2] Guess what? That proved true today as Euro currency is losing credibility and the world of retail investors have exited and poured into the world's last safe investment haven, American Bonds. Just last week, report showed that retailers poured $964 billions into US Treasury Market. 

Are these improbable? Actually not, as P3 candidates are introduced through recent Exam article of the Black Swan concept, made popular by Nassim Taleb in his book Fooled by Randomness. 

Black Swan - What is it?Black swan theory was developed by Nassim Taleb [PIC 03-05] to explain:
•    the huge impact of unpredictable, rare events that are outside o…

Serious Humour: Are you ready for lifelong commitment?

A woman awakes during the night to find that her husband is not in bed. She puts on her robe and goes downstairs to look for him. She finds him sitting at the kitchen table with a hot cup of coffee in front of him. He appears to be in deep thought, just staring at the wall. She watches as he wiped a tear from his eye and takes a sip of his coffee.

"What's the matter, dear?" she whispers as she steps into the room, "Why are you down here at this time of night?"

The husband looks up from his coffee, "Do you remember 20 years ago when we were dating, and you were only 16?" he asks solemnly.

The wife is touched to tears thinking that her husband is so caring and sensitive. "Yes, I do" she replies.

The husband paused. The words were not coming easily. "Do you remember when your father caught us in the back seat of my car?"

"Yes, I remember" said the wife, lowering herself into a chair beside him.

The husband continued. &qu…

Diamonds: Not this girl's best friend (Part I & II)

- highly relevant to P1 (GRE) 


Anglo American is one of the world’s largest mining companies. Anglo American portfolio of high-quality mining assets and natural resources spans bulk commodities – iron ore and manganese, metallurgical coal and thermal coal; base metals – copper and nickel; and precious metals and minerals – in which it is a global leader in both platinum and diamonds. Anglo American operate in Africa, Europe, South and North America, Australia and Asia.

Anglo American’s diamond interests are represented by 45% shareholding in De Beers, the world's leading diamond company.

The current boss CEO of the London-based diamond-mining firm, Cynthia Carroll, has found herself under concerted attack from shareholders who are angry about the company’s most recent financial results, published two weeks ago. According to the Telegraph, they described the latest figures as a ‘coup de grace’ in a letter to chairman John Parker, and voiced con…