Kuala Lumpur International Motorshow

Well, last saturday I went to KLIM at PWTC. And suffice to say that it does not live up to my expectation.

First, the carmakers that make its' debut is 'second class'. The world's best automaker are from Germany, Italy and most part of European country. Sweeden's car is famous for their safety standards and turbo engines - yeah, I mean Volvo and Saab, I am bias I admit! No Audi, Mercedes Benz, Porsche, Jaguar and BMW! Not even Alfa Romeo! Not to mention American brands under the General Motors or Ford flagship. I mean how international is that? Better name it as Kuala Lumpur Asia Motorshow!

Secondly, I'm expecting a full fledge of supermodels but some of them is really not fit. Luckily, I did focus on some of them who are fit...

This one looks a bit like Lim Shih-Eyong right? :)

Thank GOD! Now My RM20 is worth it... Car shots? Err... I forgotten where I save it....

Do you have what it takes?

Do you have what it takes to see through your creation?

All of us are creative and all of us at one time or another dreamt of doing or being something. We may have the 'silliest' inspiration to work on something or to create a new project but after the initial adrenalin rush of ideas, we mooted it off with 1001 excuses. We are not knowledgeable enough, rich enough, young enough, old enough, healthy enough, etc etc

Most of the people leave that 'silly' inspiration to it's initial form... thoughts. Thoughts which we rejected whole-heartedly with excuses.

Some people, act on it! They have 101% enthusiasm and energy at the initial stage to make that dream come true but then, as in all path, there will be challenges ahead. They then succumb to these challenges, unable to find solutions and drifting far away from their initial purpose. After numerous attempt and unable to find the breakthrough, they quit. Unfinished projects like this are all over the world.

Some, whose project has been running in their infant stage, cash out too soon. Victoria Secret is started by a man who wants to buy lingerie for his wife comfortably because he feel embarassed when walking in to other shops to purchase lingerie. After an initial run of success more than he ever had intended, he sold off the company for USD 2 Million. In 2 years time, Victoria Secret under the new management realize its' full potential and it is worth USD 500 Million! Like what Mark Zuckernberg the founder of Facebook says... Opportunities are hard to come by, but when we found one, we had this obligation to see it through to its' full potential no matter what! That is why Facebook is worth billions even though Friendster and MySpace has been in the internet for ages and they haven't even reach the billion dollar mark.

Make effort to think and act at the same time. Don't wait for muse to appear then only we start to think and take action... It doesn't work that way. Have critical thinking with you at all time and the muse that you've been searching will find you.

Flipping

If one is familiar with the property arena, one would have heard 'flipping' before. A person who flips is called a flipper and I am aspiring to be one with my newest project in hand.

According to Wikipeida, 'Flipping is a term used primarily in the United States to describe purchasing a revenue-generating asset and quickly reselling (or "flipping") it for profit. Though flipping can apply to any asset, the term is most often applied to real estate and initial public offerings.'

Although it's a term primarily used in the USA, I think Malaysians are also quite well verse on this currently.

Of course there are some risk towards flipping. Short term wise, if assets that you purchased fails to attract a new buyer, then you would face the risk of holding on to that property with a burdening mortgage or burning away the deposit that you have placed. But long term wise, as those value investors put it, once that asset is sold, you no longer enjoy the benefit of its' value and most of the time the profit earned is much less compared to the future value.

Of course being a bias that human are, at a particular point of time, one side of the view will be more favourable compared to the other side. Take for instance, if today I am a cash-tight but greedy investor around 30 years old, I have not develop the taste of tasting the future value therefore I would very much prefer to flip it for an immediate profit and buy my dream car from the profit.

However, if I am a multi millionaire who appreciates value investment, I would keep the asset that I purchase and receive the rental monthly for my retirement.

Do I flip?