Bill Gates' 11 Rules

In Bill Gates' book for high school and college graduates, there is a list of 11 things they did not learn in school. In this book, Bill Gates talks about how feel-good, politically-correct teachings created a full generation of kids with no concept of reality and how this education set them up for failure in the real world.

The 11 things are:

1. Life is not fair, get used to it.

2. The world won't care about your self-esteem. The world will expect you to accomplish something before you feel good about yourself.

3. You will not make 40 thousand dollars a year right out of high school. You won't be a vice president with a car phone, until you earn both.

4. If you think your teacher is tough, wait till you get a boss. He/She doesn't have tenure.

5. Flipping burger is not beneath your dignity. Your grandparents have a different word for burger flipping; they called it opportunity.

6. If you mess up, it's not your parents' fault, so don't whine about our mistake, learn from them.

7. Before you were born, your parents weren't as boring as they are now. They got that way from paying your bills, cleaning your clothes and listening to you talk about how cool you are. So before you save the rain forest from the parasites of your parents' generation, try 'delousing' the closet in your own room.

8. Your school may have done away with winners and losers, but life has not. In some schools they have abolished failing grades; they will give as many times as you want to get the right answer. This doesn't bear the slightest resemblance to anything in real life.

9. Life is not divided into semesters. You don't get summers off and very few employers are interested in helping you to find yourself. Do that on your own time.

10. Television is NOT real life. In real life people actually have to leave the coffee shop and go to jobs.

11. Be nice to nerds. Chances are you'll end up working for one.

*I found this article from an e-book, feel worth to read on it, so post at here for sharing purpose.

Accounting vs Finance

Many people (especially junior) wonder what is the main difference between accounting and finance, I myself had ask the same question many times since I taking accounting subject in Form 6 even till the earlier stage of entering finance major in USM management course.

Well, after studying finance for quite a period, what I had found between the differences between these two fields is:

1) Accounting is a subject mainly focus on determine facts and accuracy of reporting, while Finance is a subject on using facts to determine both current and future value.

2) Accounting is working on accuracy and reliability, while Finance is working on prediction and creating value on money.

3) Accounting is mainly on studying numbers and figures, but Finance is mainly study on variable on real cash.

4) What a people always hear in Accounting is asset, liability, historical cost, matching principle and else accounting terms, in Finance, you will always hear of various interest rates and time value of money.

5) Example: Accountant must responsible for the accuracy on the financial report that he/she prepared or audited. Finance related jobs have to determine and make sure that the current money/cash in hand can have a maximum value in specified future time period.

Even both of the subjects are closely related, but differences are still existed. In USM, the finance major will learn these particular courses: Corporate Finance, Financial Market, Investment, Financial Statement Analysis, and Financial Derivatives.

Later I will post the main contents of the above courses, and hopefully this will help those junior to make a good choice when considering your further study in this field.

Maxis share price ended RM5.42 in 1st day trading

Thursday 19th Nov 2009, the 1st day Maxis listed again on Bursa, as what many people expected, the hot stock had a so high trading volume, as much as 3057843, and thus push the share price up to RM5.42, an increase of 8.4%. And being the top of the list of Bursa in both trading volume and gainers.

As a finance student, I wonder how the buyer of the stock value such a expensive stock, as Maxis share had a PE as high as 17 times, and today ending share price again push it near to 18 times, is it really worth that much? If there is professionals between them, what is the intrinsic value of the company that make them invest (in fact mostly is trading only) in this stock? Well, is it the reason where there is a phenomena where peoples behavior of tend to following popular stock?

I also wonder how many buyers intend to buy and hold it for a long period, with a current dividend yield of 0.04, I personally did not think that will worth enough to hold it that risky long period to cover back the cost. Thus, It is expected a vast of speculative trading will occur on this stock to gain short term capital gain only, and thus in future short term, the price will be quite volatile, barring that Maxis able to generate a enormous profit and reduce the PE and increase the dividend yield.

I am still working on reading the company prospectus to determine the future growth potential, maybe it is a joke for many people for still researching on the prospectus today as it had published long time ago. Well, despite a finance student, it is shameful to say that now I only realized that I learn very little on those practical knowledge, hence, I created a blog to train myself toward this, and try to learn as much from other experienced guru by reading their blog post, hopefully I can became like one of them soon~huh~

Sometimes When We Touch ~Nice~

Today I heard this song when riding a bus, its give me so nice impression in instance, It just so suit my music favor taste, so just get the song and share it here, hope whoever listen will like it too~^^

Sometimes When We Touch (with lyric)
Uploaded by mistresslavender. - Music videos, artist interviews, concerts and more.

You ask me if I love you
And I choke on my reply
Id rather hurt you honestly
Than mislead you with a lie
And who am I to judge you
In what you say or do
Im only just beginning
To see the real you

And sometimes when we touch
The honestys too much
And I have to close my eyes and hide
I want to hold you till I die
Till we both break down and cry
I want to hold you till the fear in me subsides

Romance and all its strategy
Leaves me battling with my pride
But through all the insecurity
Some tenderness survives
Im just another writer
Still trapped within my truth
A hesitant prize fighter
Still trapped within my youth

And sometimes when we touch
The honestys too much
And I have to close my eyes and hide
I want to hold you till I die
Till we both break down and cry
I want to hold you till the fear in me subsides

At times Id like to break you
And drive you to your knees
At times Id like to break through
And hold you endlessly
At times I understand you
And I know how hard you try
I watched while love commands you
And Ive watched love pass you by
At times I think were drifters
Still searching for a friend
A brother or a sister
But then the passion flares again

And sometimes when we touch
The honestys too much
And I have to close my eyes and hide
I want to hold ya till I die
Till we both break down and cry
I want to hold you till the fear in me subsides

Cry Like a Baby

Remember our cry since we just enter this world?

Remember why we cry that time?

I cant' recall that.

But,

I know that is one of my mom's sweet memories.

 

Soon we grow and became a child.

We do still cry, but less,

as we know we cry for something,

But,

I can recall that I just cry for some trivial matters,

and now still remain as one of my cherish memories.

 

Not long later we became teenager,

Do we cry?

Some said yes, some said no anymore.

But,

I know during that time, even if we cry, that is seldom occur,

 especially in the front of other peoples.

As, in our mind we told ourselves that it is shameful.

 

We came to adult soon after our teenager life,

I believe that most of us found it is difficult to cry anymore,

not because we cant' cry,

not because we feel shameful.

The reason is there is scarcely a reason for us to cry out,

We thought that we are able to solve everything by ourselves.

Since then,

we start to hide and accumulate lots of grief emotion in our heart.

Even if we felt going to breakdown,

there is only crystal tears silently roll down.

 

By getting older and older,

cry will gradually became so strange to us,

for there is nothing we gonna chase for,

nothing to worry when we are a step away from the path to heaven,

so much, so much,

since teenager till the end of our journey,

we did not cry out our emotions and feelings,

we just left it in our soul,

and bring it to the heaven along with us,

with deep regret...

So, friends, you know why baby just keep crying since birth?

because when they turn around in the heaven before,

they feel something uncomfortable,

and feel that something miss in their previous life.

They think deep,

and finally find out that they miss so much chances to cry,

and to express their emotions and feelings to other people around them.

So, they decide to enter the world again,

just for a simple purpose:

"To Cry Like a Baby"

*Hope you like this and email it to your friends and family members~:)