November 29, 2008

One Night Stand - The Lehmen Bros way

Came across this interesting quote regarding ONS (one night stand) and the current financial meltdown

[QUOTE]
Read the story and have a good laugh ....!!


One day, a plain-looking man came with a pretty-looking OL (Office Lady) to the LV store in Causeway Bay (Hong Kong Island). He chose an LV bag worth HKD 65,000 for the OL.

When it came time to pay, the man took out a checkbook and wrote out a check. The salesperson was hesitant because the couple hadn't shopped there before.

The man discerned what the salesperson was thinking and he said calmly: 'I sense that you are concerned that this check may bounce, right? Today is Saturday and the banks are closed.
Let me suggest that I leave the check and the handbag here. When the check clears on Monday, you can deliver the handbag to this lady. How about that?



The salesperson was reassured and gladly accepted the suggestion. In addition, he waived the delivery charges. He promised that he would personally make sure that this gets done.

On Monday, the salesperson took the check to the bank. The check bounced! The irritated salesperson called up the client, who told him: 'What is the big deal? Neither you nor I have suffered any loss. Last Saturday night, I went to bed and screwed that girl already!
Oh, by the way, I thank you for your cooperation.'



This story reveals the nature of the sub-prime mortgage crisis. When people have high hopes for huge future returns, they lower their guard about the potential risks. This pretty girl thought that the HKD 65,000 LV bag was going to come home on Monday, and so she lowered her guard.

Therefore, she believed that her investment in the ONS (one night stand) was worth it even though it was based upon huge and highly uncertain risks.

Investment companies are great with packaging high return (but high risk) deals.


The Chinese stock speculators are like this pretty woman. As such, they deserve to lose money. Without people like these, how are people going to make money from the stock market?


As for the media and the stock analysts, they often play the role of the LV salesperson.
[UNQUOTE]

November 27, 2008

With Due Respect

I just fell of my chair when i see this picture


*-* RESPECT *-*


November 10, 2008

Reporting LIVE from Jakarta !!!!!!

Hello my friend.
Ericokta arrived is now at Jakarta international airport awaiting our next connecting flight to Balikpapan at 1245. Local time now is 0950hrs. 3 hours to go for my next connecting flight.

Managed to get myself rest in the Executive Lounge for a simple relax meal since 5am in the morning.

Away from the crowd, people, we finally have some peace and quiet.

Ok i shall now catch up on my sleep since i haven been sleeping since last night packing.

Signing off for now.












3 Hours to Flight

Still busy packing my stuff at this hour. Finally we think that we had finished packing.
Looking at all the stuff lying on the floor still. Are we done ? I look at her she look at me.
i am tired she said. Off she went to bed. Me sitting on front of the mess, turn round and here i am writing the blog.

Finally, we are going for our wedding in Indonesia.
So much to bring, so much to carry... so much to plan and it comes down to this.

See you my friend. When the next time i blog, i will be in Balikapapan...

7th December is just round the corner.
See you till then !!!!!!!!!!!

I AM A HAPPY MAN !!!!!!!
SHE IS A HAPPY GIRL !!!!!!!!
AND WE ARE HAPPILY MARRIED !!!!!