Wall Street traders gather to protest bonus drop. Look at their cars...
2007年11月30日 星期五
2007年11月26日 星期一
好歌分享 whitney houston : i will always love you
lyrics:
I will always love you
If I should stay
I would only be in your way
So Ill go, but I know
Ill think of you every step of the way
Chorus:
And I will always love you
I,will always love you
You, my darling you, you
Bitter sweet memories
That is all Im taking with me
So goodbye, please dont cry
We both know Im not what you need
Chorus
I hope life treats you kind
And I hope you have all you dreamed off
And I wish to you joy and happiness
But above all this I wish to you love
Chorus
2007年11月16日 星期五
歡迎留美學人 明炫兄及落雁嫂 11/19 凱旋歸國
歡迎留美學人 明炫兄及落雁嫂, 於本月(11月) 19日星期一, 凱旋歸國.
為感謝明炫兄夫婦對本班及本部落格的支持與貢獻, 在下冒昧代表本班同學已於兩週前買好兩碗落雁嫂指定的'阿宗麵線' 及兩碗'劉山東牛肉麵', 只待兩位學人返抵國門後, 即可立即歡樂享用.
兩位學人如果感覺, 在下敝人我的盛情, 不知何以為報的話, 那就大顆的鑽石買個幾顆,或送些金條 's,金磚 's , 在下都會勉為接受.... 哈.
至於, 我們其他同學還有什麼要款待這兩位學人的也請早日準備, 因為這兩位學人將訂於11月底返回僑居地.
2007年11月14日 星期三
America's Got Talent - Terry Fator
You really do have to look at all five of this guys acts,,,, he is unbelievable.
Watch each of the 5 short movie clips......you won't be sorry....this guy is good....
This guy (??) won $1,000,000.00 on America's Got Talent...and you'll see why!!!!
http://www.youtube.com/watch?v=hnVDHzUAj30
http://www.youtube.com/watch?v=kTSFhIv9bYg
http://www.youtube.com/watch?v=WGH-5-Gvjng
http://www.youtube.com/watch?v=iDoKF1NZ8P8
http://www.youtube.com/watch?v=CuoR6OM6KxA&NR=1
Watch each of the 5 short movie clips......you won't be sorry....this guy is good....
This guy (??) won $1,000,000.00 on America's Got Talent...and you'll see why!!!!
http://www.youtube.com/watch?v=hnVDHzUAj30
http://www.youtube.com/watch?v=kTSFhIv9bYg
http://www.youtube.com/watch?v=WGH-5-Gvjng
http://www.youtube.com/watch?v=iDoKF1NZ8P8
http://www.youtube.com/watch?v=CuoR6OM6KxA&NR=1
2007年11月13日 星期二
November 15, 2007
Why FAS 157 strikes dread into bankers
My dear Friends,
I wrote "Please Protect Yourself" on November 4, 2007 at this blog. I think all of you are still totally unprepared for the new FAS 157 rule for the banks. It is all right if you never heard about it. But, this is probably the last chance you can protect your own bank deposite. FAS 157 will be officially announced on November 15, 2007. Therefore, you got to read this article now without any delay. You know what to do with your own money. The bank is just at the corner of the street. Please take a read of the article below:
Protect yourself from the worst and hope for the best. Good luck to all of us.
Just when we hoped the worst was over . . .William Rees-Mogg
We have heard about sub-prime mortgages; we have heard about collateralised debt obligations (CDOs); we have heard about banks writing down their assets; we have heard about global bankers resigning; we have heard about Northern Rock and the first run on a British bank in 140 years.
The risk of a worldwide banking crisis – one that is particularly damaging to mortgages, private equity, hedge funds and the banks themselves – is higher than it was a month ago, and the storm is rising.
This is still an emerging story. It was not until last Wednesday that The Financial Times led on the legal provision that CDOs can be liquidated by the senior holders when they go into default. That could lead to a fire sale of CDOs and still larger defaults.
Yet this, as important as it could be, is not the biggest threat. Few non-bankers have heard of FAS 157 and 159, yet these are the regulations that will set the terms on which the banks will value their assets. The trouble with FAS 157 and 159 is that they are perfectly reasonable regulations in themselves which could have disastrous, though unintended, consequences.
What are FAS 157 and 159? They are the new United States (Federal) accounting standards that have been introduced to regulate the valuation of bank assets. These valuations are of crucial importance because they are the basis of all bank lending: no assets, no lending; no lending, no bank. According to an informative article in The Financial Times, the new standards will apply fully from Thursday. Many US banks have adopted them already. All US quoted banks will have to publish asset figures in conformity with FAS 157 by next spring.
The new rules divide bank assets into three “levels”, according to the freedom with with which they can be bought or sold. Level-one assets, which are easy to value or trade, have to have quoted prices in active markets such as US government bonds or gold bullion. Level two is an intermediate stage; these assets are not as fully marketable as level one, but still sufficiently tradeable to have a definite value.
Level-three assets – usually artificial financial instruments – are the problem. They do not have quoted prices in active markets. They have to be valued by reference to the bank’s own models. According to the analyst Martin Hutchinson, who had analysed some of the US banks, the holdings of level-three assets are substantial. Lehman has $22 billion; Bear Stearns $20 billion; JP Morgan Chase $60 billion. Even these figures may be understated, since the banks have themselves decided whether assets belong to level three or the more acceptable level two, and they have an interest in placing as little in level three and as much in level two as they reasonably can.
Martin Hutchinson has also analysed the assets of Goldman Sachs. The bank has disclosed $72 billion of level-three assets, out of total assets of $900 billion. That seems reasonable enough, but it compares with Goldman Sachs’s capital of $36 billion. Any substantial write off of level-three assets would impact on Goldman Sachs net asset value.
One cannot say that FAS 157 is only an American regulation and the banks of other countries would not therefore be affected. Most global banks already have a listing in the United States that would therefore be subject to US accounting standards. Those that do not will be judged by FAS 157 as the international standard. From now on all major banks will have to declare their assets in the FAS 157 form with its division into different levels by marketability.
No doubt this is the reform that should have been introduced years ago; that would have saved a great deal of agony and some abuse. But FAS 157 is coming into effect at a most inconvenient time. The sub-prime mortgage defaults have already undermined confidence in mortgage banked securities. These form a significant part – perhaps about a quarter – of all level-three assets. Level three also includes higher-quality mortgages and leveraged bridged loans for buyouts.
The global banking system now faces the risk of a general flight towards cash and liquid level one assets on a scale that has not been seen since the early 1930s. Already British banks are showing signs of near panic. I hear of London banks going back on recently agreed loans to parties of good credit, presumably on orders from head office.
There have also been cancellations of offers of credit cards that had already been approved. One need have little sympathy for the US investment banks; they found it profitable to make speculative loans, and now they are paying the price.
Even if ordinary mortgages do continue to be offered – and they are bound to be restricted – sub-prime mortgages will no longer be available for first-time buyers. Yet the housing market depends on people being able to sell their first houses when they trade up to their second. If all banks are anxious to protect their cash reserves, and to reduce their level-three assets, that will make ordinary borrowing difficult and level-three borrowing impossible. Probably the downturn will spread into stock markets, even though it did not originate in stock market speculation.
It is far too late to cancel FAS 157 and 159, even if that were desirable. The concept of different levels for bank assets has been introduced to the banking system and the defaults on sub-prime mortgages have lowered the acceptability of all level-three assets. No one knows what they are worth and hardly anyone wants them.
Commercial banking, with its large customer base, is in better shape than investment banking, but will also be affected. FAS 157 may prove an historic regulatory blunder.
http://www.timesonline.co.uk/tol/comment/columnists/william_rees_mogg/article2852547.ece
My dear Friends,
I wrote "Please Protect Yourself" on November 4, 2007 at this blog. I think all of you are still totally unprepared for the new FAS 157 rule for the banks. It is all right if you never heard about it. But, this is probably the last chance you can protect your own bank deposite. FAS 157 will be officially announced on November 15, 2007. Therefore, you got to read this article now without any delay. You know what to do with your own money. The bank is just at the corner of the street. Please take a read of the article below:
Protect yourself from the worst and hope for the best. Good luck to all of us.
Just when we hoped the worst was over . . .William Rees-Mogg
We have heard about sub-prime mortgages; we have heard about collateralised debt obligations (CDOs); we have heard about banks writing down their assets; we have heard about global bankers resigning; we have heard about Northern Rock and the first run on a British bank in 140 years.
The risk of a worldwide banking crisis – one that is particularly damaging to mortgages, private equity, hedge funds and the banks themselves – is higher than it was a month ago, and the storm is rising.
This is still an emerging story. It was not until last Wednesday that The Financial Times led on the legal provision that CDOs can be liquidated by the senior holders when they go into default. That could lead to a fire sale of CDOs and still larger defaults.
Yet this, as important as it could be, is not the biggest threat. Few non-bankers have heard of FAS 157 and 159, yet these are the regulations that will set the terms on which the banks will value their assets. The trouble with FAS 157 and 159 is that they are perfectly reasonable regulations in themselves which could have disastrous, though unintended, consequences.
What are FAS 157 and 159? They are the new United States (Federal) accounting standards that have been introduced to regulate the valuation of bank assets. These valuations are of crucial importance because they are the basis of all bank lending: no assets, no lending; no lending, no bank. According to an informative article in The Financial Times, the new standards will apply fully from Thursday. Many US banks have adopted them already. All US quoted banks will have to publish asset figures in conformity with FAS 157 by next spring.
The new rules divide bank assets into three “levels”, according to the freedom with with which they can be bought or sold. Level-one assets, which are easy to value or trade, have to have quoted prices in active markets such as US government bonds or gold bullion. Level two is an intermediate stage; these assets are not as fully marketable as level one, but still sufficiently tradeable to have a definite value.
Level-three assets – usually artificial financial instruments – are the problem. They do not have quoted prices in active markets. They have to be valued by reference to the bank’s own models. According to the analyst Martin Hutchinson, who had analysed some of the US banks, the holdings of level-three assets are substantial. Lehman has $22 billion; Bear Stearns $20 billion; JP Morgan Chase $60 billion. Even these figures may be understated, since the banks have themselves decided whether assets belong to level three or the more acceptable level two, and they have an interest in placing as little in level three and as much in level two as they reasonably can.
Martin Hutchinson has also analysed the assets of Goldman Sachs. The bank has disclosed $72 billion of level-three assets, out of total assets of $900 billion. That seems reasonable enough, but it compares with Goldman Sachs’s capital of $36 billion. Any substantial write off of level-three assets would impact on Goldman Sachs net asset value.
One cannot say that FAS 157 is only an American regulation and the banks of other countries would not therefore be affected. Most global banks already have a listing in the United States that would therefore be subject to US accounting standards. Those that do not will be judged by FAS 157 as the international standard. From now on all major banks will have to declare their assets in the FAS 157 form with its division into different levels by marketability.
No doubt this is the reform that should have been introduced years ago; that would have saved a great deal of agony and some abuse. But FAS 157 is coming into effect at a most inconvenient time. The sub-prime mortgage defaults have already undermined confidence in mortgage banked securities. These form a significant part – perhaps about a quarter – of all level-three assets. Level three also includes higher-quality mortgages and leveraged bridged loans for buyouts.
The global banking system now faces the risk of a general flight towards cash and liquid level one assets on a scale that has not been seen since the early 1930s. Already British banks are showing signs of near panic. I hear of London banks going back on recently agreed loans to parties of good credit, presumably on orders from head office.
There have also been cancellations of offers of credit cards that had already been approved. One need have little sympathy for the US investment banks; they found it profitable to make speculative loans, and now they are paying the price.
Even if ordinary mortgages do continue to be offered – and they are bound to be restricted – sub-prime mortgages will no longer be available for first-time buyers. Yet the housing market depends on people being able to sell their first houses when they trade up to their second. If all banks are anxious to protect their cash reserves, and to reduce their level-three assets, that will make ordinary borrowing difficult and level-three borrowing impossible. Probably the downturn will spread into stock markets, even though it did not originate in stock market speculation.
It is far too late to cancel FAS 157 and 159, even if that were desirable. The concept of different levels for bank assets has been introduced to the banking system and the defaults on sub-prime mortgages have lowered the acceptability of all level-three assets. No one knows what they are worth and hardly anyone wants them.
Commercial banking, with its large customer base, is in better shape than investment banking, but will also be affected. FAS 157 may prove an historic regulatory blunder.
http://www.timesonline.co.uk/tol/comment/columnists/william_rees_mogg/article2852547.ece
2007年11月12日 星期一
看看厲害的新加坡英文....從1, 2, 到10, 再倒數到1.
Exclusive Singlish Skill...
Even the Englishmen cannot construct sentences using numerals, which is an exclusive skill invented and owned only by Singaporeans.
Ah Beng was asked to construct sentences using 1,2,3,4,5,6,7,8,9,and 10... He not only did it to 10, but did it backwards to 1......!!! This was how it was done.
“1 day I go 2 climb up a 3 outside a house to peep. But the couple saw me, so I panic and 4 down. The man rushed out and wanted to 5 with me. I ran until I fell 6 and threw out. So I went into 7 eleven and grabbed some 8 to throw at him. Then I took a 9 and try to stab him. 10 god he ran away!!! So I put the 9 back and paid for the 8 and left 7 eleven. Next day, I called my Boss and say I’m 6. He said 5, tomorrow also no need to come back 4 work. He also told me to climb a 3 and jump down. I don't understand......I so nice 2 him. But I don't know what he 1.
Even the Englishmen cannot construct sentences using numerals, which is an exclusive skill invented and owned only by Singaporeans.
Ah Beng was asked to construct sentences using 1,2,3,4,5,6,7,8,9,and 10... He not only did it to 10, but did it backwards to 1......!!! This was how it was done.
“1 day I go 2 climb up a 3 outside a house to peep. But the couple saw me, so I panic and 4 down. The man rushed out and wanted to 5 with me. I ran until I fell 6 and threw out. So I went into 7 eleven and grabbed some 8 to throw at him. Then I took a 9 and try to stab him. 10 god he ran away!!! So I put the 9 back and paid for the 8 and left 7 eleven. Next day, I called my Boss and say I’m 6. He said 5, tomorrow also no need to come back 4 work. He also told me to climb a 3 and jump down. I don't understand......I so nice 2 him. But I don't know what he 1.
2007年11月10日 星期六
文化不同
日本的一家公司要招聘員工，過一段嚴格的面試~ 公司從500多應徵者中選出了5 位佼佼者。 放榜這天，一個叫水原的青年看見榜上沒有自己的名字，悲痛欲死， 回到家中便要切腹自殺，幸好親人及時搶救，水原沒有死成。 正當水原悲傷之時，從公司卻傳來好消息： 水原的成績原是名列前矛的，只是由於電腦的錯誤導致了水原的落選。 正當水原一家人欣喜若望之時，從公司又傳來消息：水原被公司除了名。原因很簡單， 公司老闆說:如此小的挫折都受不了，這樣的人在公司是不成什麼大事的。
******************
美國的一家公司要招聘員工，過一段嚴格的面試~ 公司從500多應徵者中選出了5 位佼佼者。 放榜這天，一個叫湯姆的青年看見榜上沒有自己的名字，悲痛欲死， 回到家中便要舉槍自盡，幸好親人及時搶救，湯姆沒有死成。 正當湯姆悲傷之時，從公司卻傳來好消息：湯姆的成績原是名列前矛的， 只是由於電腦的錯誤導致了湯姆的落選。 正當湯姆一家人欣喜若望之時，美國各大州的之知名律師都來到湯姆的家中， 他們千方百計的鼓動湯姆到法院告這家公司，聲稱需支付巨額的精神賠償， 並自告奮勇的充當湯姆的律師。
***********************
德國的一家公司要招聘員工，過一段嚴格的面試~ 公司從 500 多應徵者中選出了5 位佼佼者。 放榜這天，一個叫蕭恩的青年看見榜上沒有自己的名字，悲痛欲死，回到家中便要跳河自殺，幸好親人及時搶救，蕭恩沒有死成。 正當蕭恩悲傷之時，從公司卻傳來好消息：蕭恩的成績原是名列前矛的，只是由於電腦的錯誤導致了蕭恩的落選。正當蕭恩欣喜若望之時，蕭恩的父母卻堅決反對自己的兒子進入這家公司。 他們的理由不容置疑：這家公司作業效率如此差勁，進入這家公司對兒子的成績毫無益處。
*********************
中國的一家公司要招聘員工，過一段嚴格的面試， 公司從500多應徵者中選出了5 位佼佼者。 放榜這天，一個叫志強的青年看見榜上沒有自己的名字，悲痛欲死， 回到家中便要懸樑自盡，幸好親人及時搶救，志強沒有死成。 正當志強悲傷之時，從公司卻傳來好消息：志強的成績原是名列前矛的，只是由於電腦的錯誤導致了志強的落選。正當志強欣喜若望之時，志強的父母來到公司，一看到公司老闆便跪了下來， 他們含淚的說真多虧你救了我兒子，我們家世世代代感謝你的大恩大德！
**************************
台灣的一家公司要招聘員工，過一段嚴格的面試， 公司從500多應徵者中選出了5 位佼佼者。放榜這天， 一個叫俊傑的青年看見榜上沒有自己的名字，悲痛欲死， 回到家中便要磕藥自殺，幸好親人及時搶救，俊傑沒有死成。 正當俊傑悲傷之時，從公司卻傳來好消息：俊傑的成績原是名列前矛的，只是由於電腦的錯誤導致了俊傑的落選。正當傑欣喜若望之時， 媒體大幅報導此事，並邀請俊傑參加各種CALL IN評論及綜藝節目， 全國輿論熱烈討論電腦為何會出錯，是否有黑道介入或官商勾結， 至於俊傑到底有沒有去該公司上班，根本沒有人關心...
******************
美國的一家公司要招聘員工，過一段嚴格的面試~ 公司從500多應徵者中選出了5 位佼佼者。 放榜這天，一個叫湯姆的青年看見榜上沒有自己的名字，悲痛欲死， 回到家中便要舉槍自盡，幸好親人及時搶救，湯姆沒有死成。 正當湯姆悲傷之時，從公司卻傳來好消息：湯姆的成績原是名列前矛的， 只是由於電腦的錯誤導致了湯姆的落選。 正當湯姆一家人欣喜若望之時，美國各大州的之知名律師都來到湯姆的家中， 他們千方百計的鼓動湯姆到法院告這家公司，聲稱需支付巨額的精神賠償， 並自告奮勇的充當湯姆的律師。
***********************
德國的一家公司要招聘員工，過一段嚴格的面試~ 公司從 500 多應徵者中選出了5 位佼佼者。 放榜這天，一個叫蕭恩的青年看見榜上沒有自己的名字，悲痛欲死，回到家中便要跳河自殺，幸好親人及時搶救，蕭恩沒有死成。 正當蕭恩悲傷之時，從公司卻傳來好消息：蕭恩的成績原是名列前矛的，只是由於電腦的錯誤導致了蕭恩的落選。正當蕭恩欣喜若望之時，蕭恩的父母卻堅決反對自己的兒子進入這家公司。 他們的理由不容置疑：這家公司作業效率如此差勁，進入這家公司對兒子的成績毫無益處。
*********************
中國的一家公司要招聘員工，過一段嚴格的面試， 公司從500多應徵者中選出了5 位佼佼者。 放榜這天，一個叫志強的青年看見榜上沒有自己的名字，悲痛欲死， 回到家中便要懸樑自盡，幸好親人及時搶救，志強沒有死成。 正當志強悲傷之時，從公司卻傳來好消息：志強的成績原是名列前矛的，只是由於電腦的錯誤導致了志強的落選。正當志強欣喜若望之時，志強的父母來到公司，一看到公司老闆便跪了下來， 他們含淚的說真多虧你救了我兒子，我們家世世代代感謝你的大恩大德！
**************************
台灣的一家公司要招聘員工，過一段嚴格的面試， 公司從500多應徵者中選出了5 位佼佼者。放榜這天， 一個叫俊傑的青年看見榜上沒有自己的名字，悲痛欲死， 回到家中便要磕藥自殺，幸好親人及時搶救，俊傑沒有死成。 正當俊傑悲傷之時，從公司卻傳來好消息：俊傑的成績原是名列前矛的，只是由於電腦的錯誤導致了俊傑的落選。正當傑欣喜若望之時， 媒體大幅報導此事，並邀請俊傑參加各種CALL IN評論及綜藝節目， 全國輿論熱烈討論電腦為何會出錯，是否有黑道介入或官商勾結， 至於俊傑到底有沒有去該公司上班，根本沒有人關心...
2007年11月6日 星期二
花東之旅
I came across these videos by accident:
20070921花東之旅(上)
http://video.yahoo.com/video/play?ei=UTF-8&gid=787082&vid=1231513&b=2
20070921花東之旅(中)
http://video.yahoo.com/video/play?gid=787082&b=1&vid=1236585&p=
20070921花東之旅(下)
http://video.yahoo.com/video/play?ei=UTF-8&p=&gid=787082&vid=1237373&b=0
There are several other videos are pretty good too.
20070921花東之旅(上)
http://video.yahoo.com/video/play?ei=UTF-8&gid=787082&vid=1231513&b=2
20070921花東之旅(中)
http://video.yahoo.com/video/play?gid=787082&b=1&vid=1236585&p=
20070921花東之旅(下)
http://video.yahoo.com/video/play?ei=UTF-8&p=&gid=787082&vid=1237373&b=0
There are several other videos are pretty good too.
2007年11月5日 星期一
On my way to Hong Kong
Visit my son's dorm
Visited my son's dorm at school recently. Share the picture with you.
My son, open-mouthed zombie, in the back with wild-girls zombies and Indiana Jones. Please introduce normal girl friend to him. I am so worry. (Halloween at dorm's hallway)
2007年11月4日 星期日
Please Protect Yourself
THE BEAR'S LAIR
Level 3 storm about to hit Wall Street
By Martin Hutchinson
There's a mystery on Wall Street. Merrill Lynch wrote off $8.4 billion in its subprime mortgage business, a figure revised up from $4.9 billion, yet Goldman Sachs reported an excellent quarter and didn't feel the need for any write-offs. The real secret of the difference is likely to be in the details of their accounting, and in particular in the murky world, shortly to be revealed, of their "Level
3" asset portfolios.
Both Merrill and Goldman have Harvard chairmen - Merrill's Stan O'Neal from Harvard Business School and Goldman's Lloyd Blankfein from Harvard College and Harvard Law School. Thus it's pretty unlikely their approaches to business are significantly different - or is a Harvard MBA really worth minus $8.4 billion compared with a law degree? (The special case of George W Bush may be disregarded in answering that question.)
We may be about to find out. From November 15, we will have a new tool for figuring out how much toxic waste is in investment banks' balance sheets. The new US accounting rule SFAS157 requires banks to divide their tradable assets into three "levels" according to how easy it is to get a market price for them. Level 1 assets have quoted prices in active markets. At the other extreme Level 3 assets have only unobservable inputs to measure value and are thus valued by reference to the banks' own models.
Goldman Sachs has disclosed its Level 3 assets, two quarters before it would be compelled to do so in the period ending February 29, 2008. Their total was $72 billion, which at first sight looks reasonable because it is only 8% of total assets. However the problem becomes more serious when you realize that $72 billion is twice Goldman's capital of $36 billion. In an extreme situation therefore, Goldman's entire existence rests on the value of its Level 3 assets.
The same presumably applies to other major investment banks - since they employ traders and risk managers with similar educations, operating in a similar culture, they probably have Level 3 assets of around twice capital. Citigroup, J P Morgan Chase and Bank of America may have less since their culture is different; before 1999 those institutions were pure commercial banks and a substantial part of their business still lies in retail commercial banking, an area in which the investment banks are not represented and Level 3 assets are scarce.
There has been no rush to disclose Level 3 assets in advance of the first quarter in which it becomes compulsory, probably that ending in February or March 2008. Figures that have been disclosed show Lehman with $22 billion in Level 3 assets, 100% of capital, Bear Stearns with $20 billion, 155% of capital, and J P Morgan Chase with about $60 billion, 50% of capital. However those figures are almost certainly low; the border between Level 2 and Level 3 is a fuzzy one and it is unquestionably in the interest of banks to classify as many of their assets as possible as Level 2, where analysts won't worry about them, rather than Level 3, where analyst concern is likely....more
http://www.atimes.com/atimes/Global_Economy/IK03Dj03.html
Level 3 storm about to hit Wall Street
By Martin Hutchinson
There's a mystery on Wall Street. Merrill Lynch wrote off $8.4 billion in its subprime mortgage business, a figure revised up from $4.9 billion, yet Goldman Sachs reported an excellent quarter and didn't feel the need for any write-offs. The real secret of the difference is likely to be in the details of their accounting, and in particular in the murky world, shortly to be revealed, of their "Level
3" asset portfolios.
Both Merrill and Goldman have Harvard chairmen - Merrill's Stan O'Neal from Harvard Business School and Goldman's Lloyd Blankfein from Harvard College and Harvard Law School. Thus it's pretty unlikely their approaches to business are significantly different - or is a Harvard MBA really worth minus $8.4 billion compared with a law degree? (The special case of George W Bush may be disregarded in answering that question.)
We may be about to find out. From November 15, we will have a new tool for figuring out how much toxic waste is in investment banks' balance sheets. The new US accounting rule SFAS157 requires banks to divide their tradable assets into three "levels" according to how easy it is to get a market price for them. Level 1 assets have quoted prices in active markets. At the other extreme Level 3 assets have only unobservable inputs to measure value and are thus valued by reference to the banks' own models.
Goldman Sachs has disclosed its Level 3 assets, two quarters before it would be compelled to do so in the period ending February 29, 2008. Their total was $72 billion, which at first sight looks reasonable because it is only 8% of total assets. However the problem becomes more serious when you realize that $72 billion is twice Goldman's capital of $36 billion. In an extreme situation therefore, Goldman's entire existence rests on the value of its Level 3 assets.
The same presumably applies to other major investment banks - since they employ traders and risk managers with similar educations, operating in a similar culture, they probably have Level 3 assets of around twice capital. Citigroup, J P Morgan Chase and Bank of America may have less since their culture is different; before 1999 those institutions were pure commercial banks and a substantial part of their business still lies in retail commercial banking, an area in which the investment banks are not represented and Level 3 assets are scarce.
There has been no rush to disclose Level 3 assets in advance of the first quarter in which it becomes compulsory, probably that ending in February or March 2008. Figures that have been disclosed show Lehman with $22 billion in Level 3 assets, 100% of capital, Bear Stearns with $20 billion, 155% of capital, and J P Morgan Chase with about $60 billion, 50% of capital. However those figures are almost certainly low; the border between Level 2 and Level 3 is a fuzzy one and it is unquestionably in the interest of banks to classify as many of their assets as possible as Level 2, where analysts won't worry about them, rather than Level 3, where analyst concern is likely....more
http://www.atimes.com/atimes/Global_Economy/IK03Dj03.html
2007年11月1日 星期四
這個經理很厲害....看他如何寫員工的評量表....哈
The following is an appraisal of a manager of his subordinate, Bob Smith. It was an open appraisal done face to face. This was what Bob’s manager wrote:
01. Bob Smith, my assistant programmer, can always be found
02. hard at work in his cubicle. Bob works independently, without
03. wasting company time talking to colleagues. Bob never
04. thinks twice about assisting fellow employees, and he always
05. finishes given assignments on time. Often he takes extended
06. measures to complete his work, sometimes skipping coffee
07. breaks. Bob is a dedicated individual who has absolutely no
08. vanity in spite of his high accomplishments and profound
09. knowledge in his field. I firmly believe that Bob can be
10. classed as a high-caliber employee, the type which cannot be
11. dispensed with. Consequently, I duly recommend that Bob be
12. promoted to executive management, and a proposal will be
13. executed as soon as possible.
...
...
...
...
...
...
...
...
...
The appraisal speaks well of Bob Smith; where in fact the Bob Smith is not of the calibre as described. So the appraisor sent this foot note to the Human Resource Manager.
Footnote To The Human Resources Department: Bob Smith was standing over my shoulder while I wrote the report sent to you earlier today. Kindly read only the odd numbered lines only.
01. Bob Smith, my assistant programmer, can always be found
02. hard at work in his cubicle. Bob works independently, without
03. wasting company time talking to colleagues. Bob never
04. thinks twice about assisting fellow employees, and he always
05. finishes given assignments on time. Often he takes extended
06. measures to complete his work, sometimes skipping coffee
07. breaks. Bob is a dedicated individual who has absolutely no
08. vanity in spite of his high accomplishments and profound
09. knowledge in his field. I firmly believe that Bob can be
10. classed as a high-caliber employee, the type which cannot be
11. dispensed with. Consequently, I duly recommend that Bob be
12. promoted to executive management, and a proposal will be
13. executed as soon as possible.
...
...
...
...
...
...
...
...
...
The appraisal speaks well of Bob Smith; where in fact the Bob Smith is not of the calibre as described. So the appraisor sent this foot note to the Human Resource Manager.
Footnote To The Human Resources Department: Bob Smith was standing over my shoulder while I wrote the report sent to you earlier today. Kindly read only the odd numbered lines only.
2007年10月30日 星期二
2007年10月29日 星期一
Not from me
Notification--
If any one recently received a weird mail sending from my e-mail address, with title: 珍藏...
That was not from me. My mail box was hacked, DAMN IT!
If any one recently received a weird mail sending from my e-mail address, with title: 珍藏...
That was not from me. My mail box was hacked, DAMN IT!
2007年10月27日 星期六
好歌欣賞 You've got a friend
You've got a friend
1. by : Celine Dion & Carol King & Gloria Stefan & Shanaia
http://www.youtube.com/watch?v=dCrw93zVfGk
2. by : James Taylor & Carole King
http://www.youtube.com/watch?v=aUzgToWoA-U
lyrics :
When you're down and troubled
And you need a helping hand
And nothing, nothing is going right
Close your eyes and think of me
And soon I will be there
to brighten up even your darkest nights
You just call out my name
And you know wherever I am
I'll come running to see you again
Winter, spring, summer, or fall
All you have to do is call
and I'll be there, yeah, yeah, yeah
You've got a friend
If the sky above you should turn dark and full of clouds
And that cold north wind should begin to blow
Keep your head together and call my name out loud
And soon I will be knocking upon your door
You just call out my name
And you know wherever I am
I'll come running to see you again
Winter, spring, summer or fall
all you got to do is call
and I'll be there, yeah, yeah, yeah
Hey, ain't it good to know that you've got a friend?
People can be so cold
They'll hurt you and desert you
Well they'll take your soul if you let them
Oh yeah, but don't you let them
You just call out my name
And you know wherever I am
I'll come running to see you again
Oh babe, don't you know that
Winter, spring, summer or fall
Hey now, all you've got to do is call
Lord, I'll be there, yes I will
You've got a friend
You've got a friend
Ain't it good to know you've got a friend
Ain't it good to know you've got a friend
You've got a friend
2007年10月26日 星期五
好文章與大家分享......來自一位美麗又有智慧的女子
天堂門票
一對孿生弟同時進入大學考場。結果，哥哥收到了大學錄取通知書，弟弟則以兩分之差名落孫山。兄弟倆長相酷似，性格各異。
哥哥忠誠敦厚，弟弟活潑機靈；哥哥拙於言詞，弟弟口若懸河。
哥哥拿著大學錄取通知書，面對貧病交加的父母默默無語，弟弟關在房一堣不吃不喝，長籲短歎"天公無眼識良才"。
愁眉不展的老爸默思了兩個通宵，終於眨巴著眼睛向大兒子開口了："讓給弟弟去讀書吧，他天生是個讀書的料！"
哥哥把大學錄取通知書送到弟弟手中，並在弟弟身旁說了這麼一句話："這不是走進天堂的門票，別把太多的希望放在它的上面。"
弟弟不解，問："那你說這是什麼？"
哥哥答："一張吸水紙，專吸汗水的紙！"
弟弟搖著頭，笑哥哥盡說傻話。
開學了，弟弟背著行囊走進了大都市的高等學府。
哥哥則讓體弱多病的老爸從鎮辦水泥廠回家養病，自己頂上，站到碎石機旁，拿起了沈重的鋼撬……。碎石機上，有斑斑血跡。這台機子上，曾有多名工人軋斷了手指。哥哥打走上這個崗位的第一天起，就在做一個美麗 的夢。他花了3個月的時間，對機身進行了技術改造，既提高了碎石質量，又提高了安全係數，廠長把他調進了燒成車間。
燒成車間灰霧彌天，不少人得了矽肺病，他同幾個技術骨幹一起，
殫精竭慮，苦心鑽研，改善了車間的環保設施，廠長把他調進了科研實驗室。
在實驗室，他博覽群書，多次到名廠求經問道，反復實驗，提煉新的化學元素，經過一次又一次的創新實驗，使水泥質量大大提高，
讓工廠有了新的品牌產品，水泥暢銷華南幾省。再之後，他便成全市建材工業界的名人…
弟弟進入大學後，第一年還像讀書的樣子，也寫過幾封信問老爸的病；第二年，認識了一個大富人的女兒，就雙雙墜入愛河。
那女孩成了他取之不盡、用之不竭的錢包，整整兩年他沒向家中要過一分錢，卻通身脫土變洋，"帥呆了"、"酷斃了"。
進入大四後，那女孩跟他"拜拜"了，他便整個人陷入了"青春苦悶期"，泡酒吧，上網，無心讀書，考試靠作弊混得了大學畢業文憑。
他像一隻蒼蠅飛了一個圈子又回到家鄉所在市求職，他還有那麼一點羞恥感，不願在落魄的時候回家見父母。
經市人才中心介紹，他到一家響噹噹的建材製品公司應聘，好不容易闖過了三關，最後是在公司老總的辦公室。輪到他答辯時，老總遲遲不露面，最後秘書來了，告訴他已被錄用。不過，必須先到燒成車間當工人；他感到委屈，要求一定要見老總。秘書遞給他一張紙條，他展開一看，上書八個大字：
"欲上天堂，先下地獄。"
他一抬頭，猛見哥哥走了進來，端坐在老總的椅子上，他的臉頓時燒灼得發痛。天堂與地獄的差別在於心境，而不是環境！
『眼光，是你的智慧； 運氣，是你的福德。』
~聖嚴法師 法語~
..
..
..
..
本文是"聖嚴法師"的法語, 是一位美麗又有智慧的女士寄給我的. 欲知美女姓名,請問 star.
另外,...何博士, 這樣可否算是半篇訪問, 矇混過關? ...哈.
2007年10月22日 星期一
同學專訪 - xxx 何大頭
阿炫問我是不是"信冷感"? 芳蘭問我近況? 上次同學會時間太短,一時一餐談不完,有人沒來, 所以建議開此專欄,可以自敘, 可以訪問別人(Tel, Skype, etc), 太太兒女秘書可代答代寫, 中英文均可,請請請大家 post.
1. 小孩: 有幾個小孩? 幾歲? 快要結婚了麼? 有沒Family 照片?我兒子還沒死會.
2 .愉樂: 週末做什麼消遣, 運動? 身體還好嗎?可做幾次伏地挺身? 好玩的地方?
3. 以前,目前做什麼? 每天忙什麼?有沒可分享的心得?賺錢机會?
4.人生看法? 將來, 退休要做什麼? Any dream?
5. 其它等等(No 政冶)? 請上網?
ToFu, 我中打利害吧! 我買了可用筆寫的小蒙恬
1. 小孩: 有幾個小孩? 幾歲? 快要結婚了麼? 有沒Family 照片?我兒子還沒死會.
2 .愉樂: 週末做什麼消遣, 運動? 身體還好嗎?可做幾次伏地挺身? 好玩的地方?
3. 以前,目前做什麼? 每天忙什麼?有沒可分享的心得?賺錢机會?
4.人生看法? 將來, 退休要做什麼? Any dream?
5. 其它等等(No 政冶)? 請上網?
ToFu, 我中打利害吧! 我買了可用筆寫的小蒙恬
2007年10月16日 星期二
看看你是不是'信冷感'
[ 信關係]
你對「信生活」滿意嗎？
以轉發或收取 e-mail 消磨時間的可稱為有「信生活」。
因此靠 e-mail 交往的叫「信交」。
互相分享 e-mail 笑話的叫「信伴侶」。
只收不發叫「信冷感」。
發錯對象是「信騷擾」。
發不出去是「信功能障礙」。
看著 e-mail 傻笑的，基本上已達到了「信高潮」。
當然，你如果連 e-mail 都不會操作，就鐵定是「信無能」！
哈哈哈 ....
再說：
能感動人心的 e-mail 叫 ( 信感 )
向人家要 e-mail 地址就是想建立 (信關係 )
用 e-mail 購物或買賣股票叫 (信交易 )
在 e-mail 傳送的資訊叫 (信知識 )
有教導作用的信叫 ( 信教育 )
Junk mail 一大堆叫 ( 信氾濫 )
內容讓人想入非非的叫 ( 信挑逗 )
有些莫名其妙的 e-mail 可稱 (信變態 )
若受病毒入侵就是得了 ( 信病 )
如因而使得收發 e-mail 困難遲緩叫 ( 信功能衰退 )
那就要請教高人指點叫 ( 信諮詢 )
熟悉 e-mail 運作之高人就是 (信問題專家 )
須要加裝軟硬體以加強病毒防衛就叫 ( 信治療 )
有些 e-mail 圖文並茂，又有動畫，又有配音，這叫 (信技巧 )
各位信伴侶, 可不要得了信冷感
你對「信生活」滿意嗎？
以轉發或收取 e-mail 消磨時間的可稱為有「信生活」。
因此靠 e-mail 交往的叫「信交」。
互相分享 e-mail 笑話的叫「信伴侶」。
只收不發叫「信冷感」。
發錯對象是「信騷擾」。
發不出去是「信功能障礙」。
看著 e-mail 傻笑的，基本上已達到了「信高潮」。
當然，你如果連 e-mail 都不會操作，就鐵定是「信無能」！
哈哈哈 ....
再說：
能感動人心的 e-mail 叫 ( 信感 )
向人家要 e-mail 地址就是想建立 (信關係 )
用 e-mail 購物或買賣股票叫 (信交易 )
在 e-mail 傳送的資訊叫 (信知識 )
有教導作用的信叫 ( 信教育 )
Junk mail 一大堆叫 ( 信氾濫 )
內容讓人想入非非的叫 ( 信挑逗 )
有些莫名其妙的 e-mail 可稱 (信變態 )
若受病毒入侵就是得了 ( 信病 )
如因而使得收發 e-mail 困難遲緩叫 ( 信功能衰退 )
那就要請教高人指點叫 ( 信諮詢 )
熟悉 e-mail 運作之高人就是 (信問題專家 )
須要加裝軟硬體以加強病毒防衛就叫 ( 信治療 )
有些 e-mail 圖文並茂，又有動畫，又有配音，這叫 (信技巧 )
各位信伴侶, 可不要得了信冷感
2007年10月14日 星期日
2007年9月30日 星期日
有意思的....英文 腦筋急轉彎
哈, 不可以到google 或其他網站去找答案.
.答案請寫在comment中.
.答對的,字體將改為'粗體綠色' 答案為紅色.
1.What is smaller than an insect's mouth ?
answer : insect food.
2.From what number can one take half and leave nothing ?
answer : 8
3.What season is the most dangerous one ?
answer : fall. 跌倒有時會致命.
4.Can you name days of this week without saying:Monday,Tuesday, Wednesday,Thursday,and Firday?
answer : weekdays
5.What is black when it is clean and white when it is dirty?
answer : blackboard
6.What has teeth but can't eat?
answer : comb, Rake , and what else?
7.Four girls have a basket with four apples in it. How can you divide the apples so that each girl gets a whole apple and one still remains in the basket ?
answer : one girl got an apple with the basket.
何博士的答案也對, 哈, 但太殘忍，也太浪費了．要殺了他，不會帶回家作佣人，或做小的．
8.What did zero say to eight?
sorry, ming-shen,您的答案也對, wearing a belt make you look slender....
這一題跟第九題可以有很多創意的說法, 大家可以在想想看.
bikerdoc : Nice belt. close, ...but i think there are some better ones.
9.What did number 1 say to 7?
bikerdoc : You have a long nose.... biker, please tell me whose nose is on top of his head.
10.What man can not live inside a house?
落雁嫂 : doorman... a doorman has the right to live inside the house, right.
11.What part of London is in Brazil?
12.Why is a river rich?
answer : cause a river has two banks
13.A man jump form a plane , but there was noting wrong with him .
Do you know why?
這題可以有多種答案.
飛劍兄, ha, close but not good enough, 您的答案太危險, 應還有更好的答案.
answer : he's a skydiver..... and what else?
14.Why did Jhone say he didn't know where the sun was?
biker : He lives at the opposite side of the moon.....biker, tell me who lives at the opposite side of the moon?..ha
落雁嫂 : it was cloudy and raining.....and what else?
15.Where dose a person stay for the longest time in his life ?
answer : in bed
16.Why dose Tom's mother go to work by plan every day?
answer : she is a flight attendant.
17.If it takes three and a half minutes to boil one egg , how long dose it
take to boil four eggs?
answer : 3 1/2 minutes , techincally right. maybe a few seconds more, ha.
18. If three birds are sitting on a fence and you shoot and kill one of them ,how many will be left?
answer : one dead bird
19.What can you hold in your left hand, but not in your right hand?
answer : your right hand.
20. What question can never get answer "yes"?
ming shen, my answer is yes either in my dream or in your dream. ha.
bikerdoc : What is the opposite of yes? ....yes? what? 我聽無啦...哈
落燕嫂 : Are you stupid?.....yes, mam, i'm as stupid as your hubbie. ha
2007年9月29日 星期六
鳳梨?
有一次無意中看到種鳳梨的介紹，如法泡製一翻居然給種活了。
First of all you need to buy a pineapple because it takes one to grow one.
The easiest way to grow the plant is to cut off the crown (the leafy top)........etc.....
有興趣的話可到下列網頁參考:
http://plantanswers.tamu.edu/fruit/pineapple.html
http://plantanswers.tamu.edu/fruit/pineapple.html
兩年後等著吃鳳梨了! 做室內觀賞植物也不錯。
2007年9月22日 星期六
TAIWAN ~Touch Your Heart~
ila formosa, taiwan will touch your heart...
let me share this clip with all you guys... This is where we come from... Taiwan..... enjoy...
2007年9月20日 星期四
Rich Dad, Poor Dad:
What the rich teach their kids about money - That the poor and middle class do not!
http://tinyurl.com/yqar6o
Very good book to read and think about for a very long time.
http://tinyurl.com/yqar6o
Very good book to read and think about for a very long time.
2007年9月17日 星期一
You've Got A Friend
You've got a friend James Taylor
When you're down and troubled
And you need a helping hand
And nothing, nothing is going right
Close your eyes and think of me
And soon I will be there
to brighten up even your darkest nights
You just call out my name
And you know wherever I am
I'll come running to see you again
Winter, spring, summer, or fall
All you have to do is call
and I'll be there, yeah, yeah, yeah
You've got a friend
If the sky above you should turn dark and full of clouds
And that cold north wind should begin to blow
Keep your head together and call my name out loud
And soon I will be knocking upon your door
You just call out my name
And you know wherever I am
I'll come running to see you again
Winter, spring, summer or fall
all you got to do is call
and I'll be there, yeah, yeah, yeah
Hey, ain't it good to know that you've got a friend?
People can be so cold
They'll hurt you and desert you
Well they'll take your soul if you let them
Oh yeah, but don't you let them
You just call out my name
And you know wherever I am
I'll come running to see you again
Oh babe, don't you know that
Winter, spring, summer or fall
Hey now, all you've got to do is call
Lord, I'll be there, yes I will
You've got a friend
You've got a friend
Ain't it good to know you've got a friend
Ain't it good to know you've got a friend
You've got a friend
Originally by James Taylor .....A song that I heard from a Japanese singer this
morning...hiraiken
http://www.youtube.com/watch?v=dCrw93zVfGk
When you're down and troubled
And you need a helping hand
And nothing, nothing is going right
Close your eyes and think of me
And soon I will be there
to brighten up even your darkest nights
You just call out my name
And you know wherever I am
I'll come running to see you again
Winter, spring, summer, or fall
All you have to do is call
and I'll be there, yeah, yeah, yeah
You've got a friend
If the sky above you should turn dark and full of clouds
And that cold north wind should begin to blow
Keep your head together and call my name out loud
And soon I will be knocking upon your door
You just call out my name
And you know wherever I am
I'll come running to see you again
Winter, spring, summer or fall
all you got to do is call
and I'll be there, yeah, yeah, yeah
Hey, ain't it good to know that you've got a friend?
People can be so cold
They'll hurt you and desert you
Well they'll take your soul if you let them
Oh yeah, but don't you let them
You just call out my name
And you know wherever I am
I'll come running to see you again
Oh babe, don't you know that
Winter, spring, summer or fall
Hey now, all you've got to do is call
Lord, I'll be there, yes I will
You've got a friend
You've got a friend
Ain't it good to know you've got a friend
Ain't it good to know you've got a friend
You've got a friend
Originally by James Taylor .....A song that I heard from a Japanese singer this
morning...hiraiken
http://www.youtube.com/watch?v=dCrw93zVfGk
2007年9月15日 星期六
Talk Sex, Anyone?
http://talksexwithsue.com/
前幾個星期日晚上11pm 臨睡前無意中轉台時看到這個老祖母主持 "談性" 的Call-in節目。
Sue Johanson is Canada's foremost sexual educator and counsellor, recipient of the distinguished Order of Canada.
想到我們成長過程，無形中不知被灌輸了多少錯誤的觀念..... 不妨到這節目的網站去修些學分吧!
前幾個星期日晚上11pm 臨睡前無意中轉台時看到這個老祖母主持 "談性" 的Call-in節目。
Sue Johanson is Canada's foremost sexual educator and counsellor, recipient of the distinguished Order of Canada.
想到我們成長過程，無形中不知被灌輸了多少錯誤的觀念..... 不妨到這節目的網站去修些學分吧!
美勝投王對決 洋基王建民 對 紅襪貝克特
9/16日台北時間 凌晨4:05分 看王建民奪19勝
美國 fox 廣播網全美直播
勝投王對決 王建民跟貝克特(beckett) 爭19勝
(Well, there is always a first time. Boston's Josh Beckett and New York's Chien-Ming Wang are the respective leaders of their postseason-bound staffs, and both will receive ample support among the voting members of the Baseball Writers Association of America. They are hardly running a match race, but their season-long excellence on the road to 20 wins will be hard to ignore.)
王建民 貝克特 對決勝投王 (中時)
2007年9月13日 星期四
My first woodwork
I have been in a woodwork class for women these days.
This is my first project, a stool (was supposed to be). Looks more like a small table after completed. The wood, rimu, was from our old kitchen cupboard.
Several decades ago, rimu here had been used massively for construction, it becoming an endangered species. Now, logging has been banned; the recycled timber and furniture made from it circulate popularly in the market.
After painted
Next project—a wine rack, for 8 bottles.
This is my first project, a stool (was supposed to be). Looks more like a small table after completed. The wood, rimu, was from our old kitchen cupboard.Several decades ago, rimu here had been used massively for construction, it becoming an endangered species. Now, logging has been banned; the recycled timber and furniture made from it circulate popularly in the market.
After painted
Next project—a wine rack, for 8 bottles.
2007年9月7日 星期五
美女網賽 詹詠然/ 莊佳容 晉級冠軍賽
台灣女網雙傑詹詠然（右）、莊佳容六日（當地時間）打進2007年美國網球公開賽最後決賽，將在九日(台北時間禮拜一凌晨一點)爭奪冠軍，這也是台灣女網好手在美國公開賽最佳成績。
2007年9月5日 星期三
2007年9月1日 星期六
成功的秘密 / 為什麼很多同學都沒上線?
Secrets of SuccessMy success wasn’t based on how I could push down everyone around me. My success was based on how much I could push everybody up. And eventually their success was the same way. And in the process they pushed me up, and I pushed them up, and we kept doing that, and we still do that.
GEORGE LUCAS 導演 喬治魯卡斯
---------------------------------------------------------------------
不知道榮家住的這麼遠!?
哈, 有次在skype上, 我們有5六位同學在聊,長空飛劍突然問我說,為什麼我們有很多同學都沒上部落格來聊.
飛劍兄, 右邊的圖就是原因, 哈.
前幾天, 重人兄回台, 榮家是我找來預備做陪者之ㄧ. 他說他看我們在部落格上聊了很過癮, 也想來參一腳,甚至也想要大嫂一起來,但就是怎麼弄都上不來，哈。 後來我又打電話給他，他剛好在車上，他說回家後會馬上跟我聯絡，我來幫他解決。
結果到現在，他可能還沒有回到家，因為我還沒接到他的電話. 我的媽啊, 他公司離家可真遠! 人家何博士作飛機從台灣都回到美國5,6 天了, 他還沒到家.
不然就是他家的'馬'壞了, 可能是買到'跛腳馬', 不然他的'馬上',怎麼這麼慢.
還有可能是另一各原因, 他的'喜生'米堡, 真的很好吃, 生意好的不得了(我也常到costco買來吃) , 錢賺太多 , 數到現在還數不完. 說到這裡我就想起他說改天也要拿各2箱給我, 我看我先買匹好一點的馬送他, 否則要等這騎跛腳馬的'馬上' , 不知要等多久.
2007年8月27日 星期一
劉山東牛肉麵....好吃,star 推薦
知道何博士要到台灣來吃牛肉麵, 芒果冰, 蚵仔煎, 特別約了幾位同學來陪我們這位大博士去吃. 可是何博士實在太客氣, 連續等了幾天的電話(我平時在家不常開手機, 可是楊佩芬一早就幫我連開了幾天手機), 但都沒有電話 .
哈, 我看它是想吃三井,不好意思說, 所以沒有來電話.
不過,何大人沒來, 我的饞蟲卻來了. 等到晚上6點鐘還沒電話, 受不了了,就殺到 star 推薦要帶何大人去吃的劉山東牛肉麵店.
哇, 真的好吃. 棒 ! 真是正統的黃牛肉麵. 何博士沒吃到,真是可惜了.
(劉山東牛肉麵在 2006 年的台北牛肉麵節，以「清燉蔭豉牛肉麵」作品獲得傳統組冠軍。)
請點
2007年8月26日 星期日
巴菲特的建言
幾個同學都說好 就將他post 上來
There was a one-hour interview on CNBC with Warren Buffet, the second richest man who has donated $31 billion to charity. Here are some very interesting aspects of his life:
(以下摘錄自CNBC電視台對世界排名第二的富豪華倫巴菲特所做的一小時專訪,巴菲特目前已經捐310億美元給慈善機構,他對於人生的一些見解非常有趣)
1.He bought his first share at age 11 and he now regrets that he started too late!
(他11歲開始買了第一張股票,但現在還是很後悔說他太晚買了!)
2.He bought a small farm at age 14 with savings from delivering newspapers.
(他14歲時,就用他從小時候送報紙所賺的錢,買了一個小農場.)
3.He still lives in the same small 3-bedroom house in mid-town Omaha, that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence.
(他雖然富甲一方,卻仍然住在奧瑪哈小鎮的一棟三房小屋內,那是他結婚50週年後所買的房子.他說他們家什麼都有了啊! 他家甚至連圍牆或籬笆都沒有!)
4.He drives his own car everywhere and does not have a driver or security people around him.
(他都自己開車出門,也沒有請司機或保全人員跟著他.)
5.He never travels by private jet, although he owns the world's largest private jet company.
(他雖然是世界最大的私人噴射客機公司的老闆,但卻從來沒有搭私人飛機旅行過.)
6.His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basis. He has given his CEO's only two rules.
(他公司 Berkshire Hathaway,旗下擁有63家企業.他每年只寫一封信給這些企業的總裁,把今
年的營運目標告訴他們.他從來不曾定期主持或召開會議,他給這些總裁們的守則只有以下兩條
Rule number 1: do not lose any of your share holder's money.
(守則一:不要讓公司的投資人虧錢)
Rule number 2: Do not forget rule number 1.
(守則二: 不要忘記守則一)
7.He does not socialize with the high society crowd. His past time after he gets home is to make himself some pop corn and watch Television.
(他不太跟群眾交際應酬.下班後主要活動就是弄一點爆米花來吃吃,跟看看電視.)
8.Bill Gates, the world's richest man met him for the first time only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half hour. But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffet.
(五年前世界首富比爾蓋茲第一次跟巴菲特見面,他覺得他跟巴菲特根本沒有什麼共同點,所以他只排了半個小時跟巴菲特會談.但當他們見面後,一共談了10個小時,從此之後,比爾蓋茲開始變成巴菲特的忠實信徒,獻身慈善事業.)
9.Warren Buffet does not carry a cell phone,nor has a computer on his desk.
(巴菲特不帶手機,桌上有沒電腦.)
His advice to young people:
"Stay away from credit cards and invest in yourself and Remember:
他給時下年輕人的建議是「遠離信用卡的物慾, 多投資自己並且牢記」
A.Money doesn't create man but it is the man who created money.
(錢是人創造出來的,但是錢不會創造人.)
B.Live your life as simple as you are.
(過你自己想過的簡單生活吧!)
C.Don't do what others say, just listen them, but do what you feel good
(別人說的話聽聽可以,但不一定要照做,做你自己覺得很棒的事.)
D.Don't go on brand name; just wear those things in which u feel comfortable.
(別走入名牌的迷思,穿你覺得舒服的服飾即可.)
E.Don't waste your money on unnecessary things; just spend on them who really in need rather.
(與其把錢花在不必要的事情上,倒不如把錢花在真正需要的地方.)
F.After all it's your life then why give chance to others to rule our life.
(總而言之,這是你的人生,幹嘛讓其他人來指揮你的人生呢?)
2007年8月24日 星期五
2007年8月18日 星期六
科技新知----紙電池 採用奈米碳管
Nanocomposite paper uses carbon nanotubes (black section) to create ultra-thin energy storage batteries and supercapacitors.
| | | ||||||||
科技新知....用水發動的汽車引擎可望成真
透過把水與一種鋁鎵合金(aluminum-gallium)的珠狀粒子相混合產生氫(hydrogen)的方法，美國普渡大學(Purdue University)一位電子工程學教授找到了一種汽油的替代方案。由於鎵在化學反應中不會被消耗，而鋁能被循環使用，此一發現可望使未來汽車引擎可用水取代汽油來發動。
普渡大學已為上述技術申請了專利，並獨家授權給位於印第安那州的一家新創公司AlGalCo。電子工程學教授Jerry Woodall是在實驗室中清洗一個含有液態鎵和鋁合金的坩鍋(crucible)時，偶然地擁有以上的發現。「當我把水添加到這個合金當中時，產生了一個猛烈的吹氣聲，」Woodall表示：「當液態合金中的鋁原子與水接觸時，它們之間發生了反應，使水爆裂開，並產生氫氣和鋁氧化物。」
Woodall表示，水燃料引擎要邁向商業化，還有一些製程上的瓶頸有待克服；不過他也強調，該技術最終可應用於直接燃燒氫的引擎，或是為氫燃料電池充電。Woodall也透露，上述化學反應不會產生有毒的副產品，一磅的鋁能產生2千瓦的功率；一輛行駛350英哩的汽車，將消耗約350磅、價值約60美元的鋁，而且化學反應後留下的氧化鋁還能被還原回鋁鎵顆粒物供循環使用。
| Water-fueled engine appears on the horizon | |
| R. Colin Johnson | |
| EE Times (05/16/2007 1:49 H EDT) | |
 | |
The discovery could lead to engines that essentially burn water, instead of gasoline, since the gallium is not consumed in the reaction and the aluminum can be recycled. Purdue has patented the process and has issued an exclusive license for it to an Indiana startup company, AlGalCo LLC. EE professor Jerry Woodall discovered the process in the lab by accident, while cleaning a crucible containing liquid alloys of gallium and aluminum "When I added water to this alloy, there was a violent poof," said Woodall. "When the aluminum atoms in the liquid alloy came into contact with the water, they reacted, splitting the water and producing hydrogen and aluminum oxide." Woodall claims that several industrial process problems need to be solved before the water-fueled engine can become commercially viable. But eventually, he said, it could be used both in engines that burn the hydrogen directly and to charge up hydrogen fuel cells. The reaction has no toxic by-products and can produce two kilowatt hours of energy from a pound of aluminum, said Woodall. For a 350-mile trip in an automobile, it would take about 350 pounds of aluminum at a cost of about $60, since the aluminum oxide left over after the reaction could be converted back into aluminum-gallium pellets for reuse. | |
2007年8月13日 星期一
If You Buy Only One Foreign Market ...
Where will you invest?
http://www.fool.com/investing/international/2007/08/10/if-you-buy-only-one-foreign-market.aspx
...The little dragon still throws flames
http://www.fool.com/investing/international/2007/08/10/if-you-buy-only-one-foreign-market.aspx
...The little dragon still throws flames
主題: 真的很美喔!
Please enjoy the pictures and music.
請點選下列網址，可讓心靈抒發得以慰藉 ( 請開音樂，彷若置身其中不可言諭）
潺潺流水： http://myweb.hinet.net/home8/kykg/river.htm
海濤澎湃： http://myweb.hinet.net/home13/leerosa/wave.htm
月圓人更好： http://myweb.hinet.net/home11/ysd1/moon.htm
山川之美： http://myweb.hinet.net/home6/don33/flying.htm
溫馨滿人間： http://myweb.hinet.net/home4/eimi/love.htm
落日映餘霞： http://myweb.hinet.net/home3/choh/sunset.htm
荷蘭景緻： http://myweb.hinet.net/home6/din88/windmill.htm
無邪童年： http://myweb.hinet.net/home4/hrt/angels.htm
絢爛華燈： http://myweb.hinet.net/home1/jolly7878/night2.htm
至愛寵物： http://myweb.hinet.net/home4/jolly3333/animal.htm
繽紛花兒： http://myweb.hinet.net/home6/chrisey/flowers01.htm
歐風村舍： http://myweb.hinet.net/home10/kee/cloud.htm
請點選下列網址，可讓心靈抒發得以慰藉 ( 請開音樂，彷若置身其中不可言諭）
潺潺流水： http://myweb.hinet.net/home8/kykg/river.htm
海濤澎湃： http://myweb.hinet.net/home13/leerosa/wave.htm
月圓人更好： http://myweb.hinet.net/home11/ysd1/moon.htm
山川之美： http://myweb.hinet.net/home6/don33/flying.htm
溫馨滿人間： http://myweb.hinet.net/home4/eimi/love.htm
落日映餘霞： http://myweb.hinet.net/home3/choh/sunset.htm
荷蘭景緻： http://myweb.hinet.net/home6/din88/windmill.htm
無邪童年： http://myweb.hinet.net/home4/hrt/angels.htm
絢爛華燈： http://myweb.hinet.net/home1/jolly7878/night2.htm
至愛寵物： http://myweb.hinet.net/home4/jolly3333/animal.htm
繽紛花兒： http://myweb.hinet.net/home6/chrisey/flowers01.htm
歐風村舍： http://myweb.hinet.net/home10/kee/cloud.htm
2007年8月10日 星期五
注意"老豆腐" 也升級為"宇宙超級"股市分析大師
今天下午老覺得椅子坐不穩, 不知道是全球股市大跌,跌的老豆腐心驚膽跳, 還是也像我們石全一樣也有"宇宙超級大"的尊稱, 但, 哈, 實力不夠,椅子有點坐不穩.......
至於我的心情, 若要我用一個字形容, 就是爽!...若是用兩個字來形容就是"很爽".....三個字來說就有點粗魯,叫"爽歪了!"....用四個字就好一點,我會說"龍心大悅" ...若再多用幾個字, 這就比較能符合豆腐的氣質, 我要說"你他x的, 你這小子, 這種稱呼也不會早點叫, 真是欠扁!".
好了爽夠了, 回到正題, 今天道瓊大跌387點, NASDAQ大跌56點, 我們之前提的 sandisk(代號 sndk,作flash) 及 cree (作 led )竟然還分別上漲了2.13%及1.46%, 難怪我們明炫兄會說 "不可思議".
這兩支股票我們之前在本部落格分析過, 都是未來幾年產業遠景非常好的股票, 尤其是 led 的產業更是不可限量, 去年全球最大的 led 公司是日本的日亞化 (nichia , 沒有上市,買不到它的股票) 營業額18億美元; 第二是德國的 歐司朗osram,6億美元; 第三, 美國的 lumileds(屬飛利浦集團); 接下來的第四及第五 cree 及晶電(2448)都是三億美元左右 ,不分上下.
這前5名中 歐斯朗及lumileds 都是光源供應商(非純 led公司), 最大的日亞化有80%是作led; 而 cree 及台灣的晶電都是百分之百做 Led, 且都是全部做上游的晶片(上游的進入障礙高, 最有價值,可享有較高的本益比).
至於做flash的sandisk, 我們上週五說過,三星(佔全球45%的flash)出問題, flash 會大漲, 昨天(週四)出來的三星flash合約價, 就大漲了25%. 據分析flash仍會缺個幾個月.
這兩檔都是不錯的潛力股, 尤其是在全球股市都近乎崩跌的情行下,還能上漲, 這就是強勢潛力股的訊號跟特徵.
只是我認為美國及台灣股市長線多頭不變,但中線(3到6個月)則不樂觀, 尤其現在次級房貸(subprime loan) 比預期嚴重 , 目前已延燒到歐洲及全球. 昨天巴黎銀行的三家基金還不准贖回, 歐洲央行還緊急提供約1300億美金支援,比911時的 700億美元,多了近一倍, 美國fed也提出240億美元;今天連日本央行,澳洲央行,...等都分別提出幾十億到近百億美元來解決信貸市場緊縮的風險. 另外還有日圓利差交易(yen carry trade)在添油加醋,....這就是我之前所擔心的, 從美國的線型看,道瓊跌破13,000的重要支撐 ,大概不可避免.
我們在7月29日說的 "我預估美股強勢整理的話會回到12,300到12,600附近(昨天8月9日週四收13,270), 若次級房貸及利差交易嚴重,那將回到11,600,那裡也是480天均線的位置,過去4年多來,以及在1990到2000年那波超級大多頭中,道瓊大拉回時,到那裡都是不錯的中期買點." 這個看法應不用改變. 所以明炫兄如果要短線獲利了結, 等到大盤落底再進場也可以. 不過要冒著好股票跑掉的風險, 或者有個幾元的差價就要隨時接回.
至於台股,我們之前說今年底前會到9,800, 已提早到了, 在同一篇文中也指出"我預估這波的修正要大約2到3個月的時間,低點約在8,400左右(有可能降到8,000點). 到時應是另一次賺錢的好買點."
原則上 ,這邊短線及中線(3到6個月)操作要保守,多留些現金, 長線則仍是多頭,好好等買點.
至於我的心情, 若要我用一個字形容, 就是爽!...若是用兩個字來形容就是"很爽".....三個字來說就有點粗魯,叫"爽歪了!"....用四個字就好一點,我會說"龍心大悅" ...若再多用幾個字, 這就比較能符合豆腐的氣質, 我要說"你他x的, 你這小子, 這種稱呼也不會早點叫, 真是欠扁!".
好了爽夠了, 回到正題, 今天道瓊大跌387點, NASDAQ大跌56點, 我們之前提的 sandisk(代號 sndk,作flash) 及 cree (作 led )竟然還分別上漲了2.13%及1.46%, 難怪我們明炫兄會說 "不可思議".
這兩支股票我們之前在本部落格分析過, 都是未來幾年產業遠景非常好的股票, 尤其是 led 的產業更是不可限量, 去年全球最大的 led 公司是日本的日亞化 (nichia , 沒有上市,買不到它的股票) 營業額18億美元; 第二是德國的 歐司朗osram,6億美元; 第三, 美國的 lumileds(屬飛利浦集團); 接下來的第四及第五 cree 及晶電(2448)都是三億美元左右 ,不分上下.
這前5名中 歐斯朗及lumileds 都是光源供應商(非純 led公司), 最大的日亞化有80%是作led; 而 cree 及台灣的晶電都是百分之百做 Led, 且都是全部做上游的晶片(上游的進入障礙高, 最有價值,可享有較高的本益比).
至於做flash的sandisk, 我們上週五說過,三星(佔全球45%的flash)出問題, flash 會大漲, 昨天(週四)出來的三星flash合約價, 就大漲了25%. 據分析flash仍會缺個幾個月.
這兩檔都是不錯的潛力股, 尤其是在全球股市都近乎崩跌的情行下,還能上漲, 這就是強勢潛力股的訊號跟特徵.
只是我認為美國及台灣股市長線多頭不變,但中線(3到6個月)則不樂觀, 尤其現在次級房貸(subprime loan) 比預期嚴重 , 目前已延燒到歐洲及全球. 昨天巴黎銀行的三家基金還不准贖回, 歐洲央行還緊急提供約1300億美金支援,比911時的 700億美元,多了近一倍, 美國fed也提出240億美元;今天連日本央行,澳洲央行,...等都分別提出幾十億到近百億美元來解決信貸市場緊縮的風險. 另外還有日圓利差交易(yen carry trade)在添油加醋,....這就是我之前所擔心的, 從美國的線型看,道瓊跌破13,000的重要支撐 ,大概不可避免.
我們在7月29日說的 "我預估美股強勢整理的話會回到12,300到12,600附近(昨天8月9日週四收13,270), 若次級房貸及利差交易嚴重,那將回到11,600,那裡也是480天均線的位置,過去4年多來,以及在1990到2000年那波超級大多頭中,道瓊大拉回時,到那裡都是不錯的中期買點." 這個看法應不用改變. 所以明炫兄如果要短線獲利了結, 等到大盤落底再進場也可以. 不過要冒著好股票跑掉的風險, 或者有個幾元的差價就要隨時接回.
至於台股,我們之前說今年底前會到9,800, 已提早到了, 在同一篇文中也指出"我預估這波的修正要大約2到3個月的時間,低點約在8,400左右(有可能降到8,000點). 到時應是另一次賺錢的好買點."
原則上 ,這邊短線及中線(3到6個月)操作要保守,多留些現金, 長線則仍是多頭,好好等買點.
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