Friday, April 28, 2017

Ifast- words of management is worth its gold

Ifast went up 20% today. The main reason is management believe this year will be better than last.

Power of words. China is still losing money, doesn't matter. 

I wonder if all management words have the same "power"

(No vested)

Thursday, April 27, 2017

Random thoughts: Stock selection and market timing - Part 2

This is a follow up to the previous post. It is here I will try to reconcile some tensions.

1) Market timing is possible. 

If u are waiting for value to emerge, you are timing the market. When value is low, u buy, and over-valued u sell.

2) But The over-valued get higher and the under-valued get lower. 

This type of market timing is impossible. U can't really exit near top or bottom. 

3) Value is not static 

Waren says buy great company at fair value. 20 + PE is a steal if a company can grow strongly over a few years 

In fact, if u can company prospect like Warren, I would say PE 30 is a good price, because just 2-3 years of good double digit growth, PE will be low. 

4) Market Valuation of company is not static

The actual same company with same fundemental and earnings prowess can be worth different PE if the same company can travel through time. Even if Market is not depressed or exuberance, the Norma range of PE of a company like venture can be like 13-16. (Plot the PE sensitive graph over years yourself LOL) . There is 20% difference. Are we think 20 % correction is MOS? 

Conclusion

The better your skills at company prospecting, the lesser you need to time the market. The less confident you are about your prospecting skills, the wiser perhaps to wait for the right wave.

It might seem like a no brainer, but ask those in the sidelines with Cash waiting for correction/ or bear, it is not a nice feeling seeing bloggers brag about the Multi-baggers and also Kanching$$$ kanching$$$

My track record tell me a am not a very good stock picker so should rely on dip more. But i do have companies with growth prospect in my radar than I am willing to jump in at a dip. LOL


Tuesday, April 18, 2017

Random thoughts: Stock selection and market timing

Recently, my mum-in-law said she was afraid of Korea War, she asked me how. I told her if she is very worried, take some money off the market.

She asked me to take a look at her portfolio. Some of her counters were from donkey years, salted fish until cannot salt Liao. I ask her if she want to remove deadweight, she said ok. 

She showed me her sgx statement for the past few months, the period of STI rise of about 10%. I realize almost all her counters, also rise and gain with the market. Some of the counters are penny with no real future, but they still gain to different extent. The blue chip counters, those bought 2-3 months ago all gained. It's those that were bought way long ago that are still sinking in red

Makes me wonder if we are better off timing the market? 

Friday, April 14, 2017

Random thoughts: Are u attracted to labels

Labels? What is the first thing that comes to your mind?


-----

Let me guess. Brands? Handbags etc. Labels refer to anything that can be classify under a name. Brand is a label premises on a PROMISE of quality and a particular experience. 

Concepts is a label too. Label makes communication easy. Say "fallen angel" in investment context and people understand. It's makes complex and detailed information concise.

It could do the reverse too. I make people react to the first and basic information without regarding the discourse of it. Let's try another example. Free Cash Flow is good. 

There are traditional ways and conservative ways of calculating FCF, and there is limitation and justifying of -ve of FCF at times. It's easy to gross over the the exceptions and the underlying assumptions made.

Then there are concepts too deep and complex to be label. Let's try this. Buddhism. Tier 1 Label. Ok, Karma, Dharna etc, all concepts all labels. How to explain properly? 

Then there are many concepts and ideas not crystallize into labels yet or those labels are not accepted universally. So not many will understand it. Does it mean those ideas and concepts are not worthy? 

I used to conveniently use labels. For report writing, etc, it is useful. Did u use labels to explain deep concepts simply or use labels to make simple ideas sound very "atas"?

I have always scratch the surface of many concepts. I rely too much on labels. 

From 道德经:
无名天地之始。有名万物之母。

labels are to classify. Make communication and understanding easier. Labels makes analysis easier. But when u move beyond the labels, concepts converge. Everything converge, into a chaotic Mess. 

My own fun interpretation, I no license. Dun take me seriously. But I dun mind u poking me. 

Friday, April 7, 2017

A letter to myself 12 months down the Road

Writing a letter to myself 12 months down the road is an idea from SMOL. It is like a self-check that whatever new found vision or purpose in education I found during the last few months will not be like sun-tan

I had wanted to write this letter at the end of the course, which is 4 weeks down the road. But decided to start writing to get my initial purist ideas as intact as possible. It is getting more hectic now, running back to school to settle work more often. Also, talking about PSLE results with another HOD also kind of shaken my belief and vision.

Ok lets get started:

---------------------------------------------------------------------------------------------------------------

Dear Mike,

How have you been? You are back in the system for a year or more now, are you struggling to just clear things off your table. Is efficiency your only or main consideration when you do things? How have your plans worked out?

You have wanted to

1) Shift your department teachers' mindset away from teaching to the test and examination. Deep learning or meta-cognitive learning have higher retention rate, it should not affect the results adversely too much. How many teachers have you convinced with your words, deeds and values? Or have you yourself thrown in the towel?

2) With the focus away from examinations and KPIs, you hope to see education as pupils actively pursuing knowledge and in whatever capacity, applying that knowledge. You have said that the following words stick in your head, let me remind you in case you forgotten. "The world economy no longer pays you for what you knows; Google knows everything...The world economy pays you for what you do with what you know." With the zero-sum pursuit of mindless competition of who produces more A pupils a National Trend, have you hold steadfast to your belief? Do you remember going to your MLS friend's school to teach for a trial lesson? They wear different uniforms from your pupils. With the bell curve effect, they doing well in PSLE mean the bell curve work against your own pupils. (Don't give me the shit that the new PSLE is standard referenced. It is just a static preset bell curve.) But you love them nonetheless, you think they are cute. You felt proud that Singapore provide good and decent education to pupils in the neighborhood. You suddenly felt that it is really meaningless and perhaps shallow to be upset about being "below National Average". Why should I be happy? The "national average" does not fluctuate that greatly, why should I derives so much happiness or sadness in beating fellow Singapore's Children?

3) You wanted to prepare the pupils not just for the examinations, but also the future. You believe that joy in learning, is perhaps one of the ingredient for effective learning, and that pupils must be self-regulated learners. You realize that preparing pupils for examinations and the future in that sense, need not really be a zero-sum game, as the two are not mutually exclusive.

4) Joy of learning is not about having fun doing activities, it is about making sure every pupils can progress and achieve. You seek to do this with Differentiation Instructions (DI). You have in the past, pursuit only the form and not the substance of DI. You have a better understanding of the whole DI approach by Tomlinson , you understand what it means and possibly how to differentiate the process/ content or product according to pupils readiness or if possible, also take into considerations pupils' interest and profile. You are no expert in this, but with Formative Assessment (FA) and DI in your mind when you did the 2 trial lessons in 2 different schools the last 2 days (6-7th April ), you genuinely felt different. I think I will cut you some slack for not able to prepare lessons as thoroughly as when you are on course. But, did you stop observing pupils' readiness? Have you stop asking yourself how to present your information more clearly and preparing for multiple content sources and process to cater for pupils who cannot follow your intended lesson? If you have been doing this at least once a week, I think you are already doing well. You also want to present your true self to your pupils, you realize you are generally a fun-loving person, so the humor in class should let pupils feel more at ease. But have you become so tired or pressured about the academic performance of your pupils that you have start reverting to becoming a team commander of soldiers in a war zone?

5) Self-regulated learners are learners acutely aware of their own learning. During MLS, you have been reading a lot about how the brain works, about metacognitive strategies, and the easy essence of it are having
1) Compare and Contrast
2) Classification
3) Meaningful Transfer
4) Self-Monitoring
5) Mindful selection process
6) Gap filling either individual or in group

You have worked hard to try to figure out how everything can be applied from reading comprehension stage to speaking and writing. Did you continue to use these? Have you extend the activities and strategies? How many teachers beside your soulmate/ friend in your department have you gotten excited about all these teaching methods. I can't write the teachers' names here, but MS, SC, JAN, NF, YZ and SY are potential champions you have considered, are they really champions now? Have you not even started? Did you keep their interest burning, did you make them turn around and help you keep your own passion alive?

6) You want to streamline working processes such that you can reduce at least 5% of teachers' workload. You had wanted more flexibility in weekly PDT, you wanted technology to help in discussion and some marking. You wanted to scale down some programmes. You understand a burnt-out teachers cannot really inspire pupils. This is one area that you felt is toughest to do, if you have actually found a path, you do yourself proud. One area you are looking at is purposeful reflections, as diagnostic data collection means and stimulus for discussion. Have you done anything about it. How did it fare?

7) You have wanted a more systematic approach to integration of various learning objectives across levels with strong build-up of differentiated resources. One key success factor shared selflessly by your HOD friend about active selection of topic to drill in the final year is not a short cut, but a meticulous and calculated move(3 years prior to ensure maximum exposure and repetition), much like company prospecting in investing. Have you embarked on this journey?

8) You have wanted the professional learning project to be of more rigor. You have bought books for teachers to engage in literature review, and the use of lesson study lesson plan template for discussion and planning. You wanted more informed and well-planned initiatives. How has those plans work out for you?

9) You wanted to continue with the NIE library membership and spend at least 2 days in a year visiting the NIE to borrow some books to read.

10) Finally, something less tangible. You said "Human First, then teacher, then a HOD to bring everyone along" How does this sound to you now?

Are you smiling now, or are you crying inside?  Or you didn't have time to read this letter because you didn't even dare look at the checklist?

The sun-tanned Mike
7th April 2017

Tuesday, April 4, 2017

随心笔:我输得起

本无一物?比什么?
老爷,你功力深厚,看破红尘。

既然“有”就能比,但也可以不比。
我有,但不比,也没法输。
老哥,你修为极高。

我有,也看到他人有,
我能比,也想比。
但我输了,我接受,
我还替人开心,
觉得他是才俊。
老弟,你够豁达的。

我有,心里觉得少,
看他多,心里难受。
唉,朋友,我了解,
有时我们都这样,
干一杯,笑一笑,
我们坦然。

我有,装没有,
没有,以为有,
知之为不知,不知为之知
小子,这样不行,
输给自己,输得一塌糊涂。

 


Friday, March 24, 2017

Random thoughts: Abundance and buffet

I believe my world is one of abundance, and the world in general can be of abundance too. 

However, abundance need a ingredient. It is thankfulness. Thankfulness is the lens we see things. There is plenty of randomness in this world, I happen to be a beneficiary in plenty of things, lucky if you like. Why do I say this? I know of 2 persons, of equal capabilities doing the same work. Of course, when I say "same" I dun mean factory output quantity. In general, they might have different strengths but basically delivering the same goods. But they have a pay difference of around 40%? I am the luckier one. I am not bragging, just thankful, as she is my equal or perhaps 有过之而无不及。(better)

Having abundance but not thankful or mindful, will simply end up like what one of my lecturer says "so much to live with, so little to live for"

Abundance is a curse, when benchmarked, compared with others. Abundance is introspective. U decide how much is enough. At personal level, it is easier to understand, but it also true beyond personal level.

Let's take the example of Buffet. There are atas ones, mass market ones. But all with the same purpose, let the customers eat to their heart content. Some lament about cheapo buffet. Some eat until their gastric hurts or even vomit. Some tried to hide some finger food to takeaway. 

I seldom go buffet, I am not a big eater and has a weak gastric. But I do like buffet. I can tried a variety of food at amount I like. I can start very small. If I particular food is very tasty, I eat more of it. I no longer have stomach for deserts now (old Liao) if I go second round, so I will just stop and relax and chat over a cup of coffee. 

How do u and others u observe do at buffet? U scream must be value for money? U felt shortchanged when someone just go for that lobster thrice or four times and giving all other food a miss? 

U care more about value for money or value of experience? 

Sorry, it's not the fault of the buffet organizers, if u ask me.