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The IQ: Investment Quotient

 

Special web sites, data, for investment 

 

 

Special web sites, data, for investment

 

 

Annual reports of listed companies in Hong Kong

 

Indexes & Prices

 

Property Price Indices in Hong Kong

 

Monthly Statistics by Hong Kong Monetary Authority

 

Global Failures Index

 

 


Unique folks/companies/organizations/games in the business world!

 

 

中国版的巴菲特:30万8年炒成4000万

 

 

Acorn Campus -- started by Wu-fu Chen, a venture capitalist. 

 

 

Amage -- Maragret Ha, a legend in HK fashion.

 

 

 

Apology (道歉公司) vs Blame  (專業代罵)

 

 

 

BizChair.com -- Sean Belnick started his business when he was 14.

 

 

 

Coface Hong Kong which provides credit insurance (domestic and export) and credit management services (credit information, trade receivables ratings, management and recovery).

 

 

世界財經評論先驅英國的白哲特(W. Bagehot,1826-1877);一八六○年接手其岳父於一八三四年創辦的《經濟學人》並把它發揚光大)曾在《經濟學人》社論中定出央行(英倫銀行)融資問題銀行的五大準則,至今仍極具參考價值。
 
第一是其融資的對象必須為資金周轉不靈而不是面臨倒閉威脅;
 
第二是央行必須收取懲罰性高利率;
 
第三是銀行必須提供「良好的擔保物」;
 
第四是必須附有約制性條款,即伸出援手的同時,要貸款銀行改變信貸策略避免再度出問題;
 
第五是「注資」有限額,而不是要多少給多少。

白哲特的評論雖寫於百餘年前,卻是避免央行做「黃大仙」即放縱銀行及投資者而衍生更多更大困難帶來「道德風險」的可行辦法。

 

 

Columbia Sportswear Company -- Mrs. Boyle has been a part of Columbia Sportswear since her father founded Columbia Hat Company in 1938. Throughout her teens, Mrs. Boyle helped with the family business. She then attended the University of Arizona, and earned a degree in sociology in 1947. While at college she met her future husband, Neal Boyle, whom she married in 1948. Shortly thereafter, the Boyles returned to Portland where Neal joined the family business. When Mrs. Boyle’s father died in 1964, Neal took over the helm of the growing company. Just six years later, in 1970, at the age of 47, Neal Boyle suddenly died of a heart attack. He left three children, an expanding company leaning heavily on bank loans, and a wife whose previous experiences with finances was her monthly ritual of throwing all the bills across the living room and paying the one that flew the farthest. Mrs. Boyle soon discovered that running the family’s million-dollar sportswear company might be a little different...

 

 

 

Commenweealth Brands -- According to Forbes, Mr. Kelley is 48 (in 2005) and worth $1.3 billion. Mr. Kelley is not what we've come to expect of Forbes 400 billionaires. For one thing, he's never been on a yacht. He drives a white Ford pickup and is the only member of the Forbes 400 from Kentucky - though he recently moved to Tennessee to be near his children's school. Mr. Kelley and his wife, Susan, have been married for nearly 20 years. He did not go to college. "I guess I just don't find that as unusual or remarkable as apparently a lot of other people do," he told me. "I mean, I've had a lot of M.B.A.'s that've worked for me over time, off and on, that, excuse my French, were useless as teats on a boar hog."

According to the Franklin-Simpson High School yearbook of 1974, the year he graduated, Mr. Kelley was not an athlete. Nor was he especially handsome. He was secretary for the Future Farmers of America, winner of the Courier-Journal Louisville Times Future Farmers of America contest and a member of the Who's Who Among American High School Students. As well, he was named Corn Derby winner.

Here's the business story: In 1991, when few wanted to be anywhere near the tobacco business, Mr. Kelley started a cigarette company from scratch. Called Commonwealth Brands, and established with a handful of employees in Bowling Green, Ky., it set out to undercut the big tobacco companies by producing discount "branded generic" cigarettes. In 2001, just 10 years after starting the company, Mr. Kelley sold Commonwealth to Houchens Industries for $1 billion in cash. By then, Commonwealth Brands was the fifth-largest cigarette maker in the country, with sales approaching $800 million. Its top brand, USA Gold, was, and still is, the nation's eighth-best-selling cigarette.

Asked for the secret to his success, Mr. Kelley replied: "I like to think it was discipline and patience and avoiding pitfalls and working for the long term - a whole lot of corny things that'll make me come off looking like an idiot in your article," he answered, before adding quickly: "I'm sure as heck not Horatio Alger. There are a lot of people out there who are real smart and work real hard, and it doesn't happen for them. I just happened to be the one that it did. Sometimes you get dealt a good hand."

 

 

Cyberteks Design -- Keith Peiris ponders questions from local reporters at the Grand Haytt Shanghai during his recent visit to the city. Though only 12 years old, Keith Peiris, the youngest CEO in the world, is already undergoing the pains of adult life.

 

 

 

Dennis Publishing  -- Founder Felix Dennis generalizes eight rules to be rich. Two of them are:  (1) willing to accept fatal failures before people (2) defeat the fear of failure. 

 

 

 

 

Devon's heal the world -- an recycle business started by an 11-year old (in 2002) kid, Devon Green!

 

 

 

Doody Calls -- Dog waste removal service

 

 

 

Eatking -- started by an UBC graduate, Kelvin Leung (23-year old in 2006).

 

 

 

 

Edward Jones  -- Ranked "Highest in Investor Satisfaction With Full Service Brokerage Firms

 

 

 

 

Erica's Pasta (in San Diego) -- Erica Gluck's bright idea at the age of 7 launched a family business.

 

 

 

Family Firm Institute is an international professional membership organization dedicated to providing interdisciplinary education and networking opportunities for family business and family wealth advisors, consultants, educators and researchers and to increasing public awareness about trends and developments in the family business and family wealth fields.

 

 

 

Farrah Gray Organization  -- Farrah Gray picked and painted stones, and then sold them. His secret of success can be found in the answers of three questions: (1) What tasks are easy for you but difficult for others? (2) What tasks can motivate you to be busy while you demand no returns? (3) How can you serve and pay back others?   

 

 

 

Global Futures Educational Consulting -- founded by Victor Lang, elected as the one of the Asia Best Entrepreneurs Under 25

 

 

 

Global Group  --  founded by Johnny Hon who is just 35 in 2006.

 

 

 

Hollywood Ranch Market -- "we never close" was its motto. 7-11 got the idea from it!

 

 

 

Home of Elderly -- It looks like it is a dumb business! But it is NOT. We think it is a very interesting business. It is started by Jeff Ng (23-year old in 2006), a graduate of Wharton! (with 8 A's in HKCE)

 

 

 

Inventive Productions  --  Have you ever been told, "You should write a book?" Do it for your children, your grand children, and your great grand children.

 

 

 

Kids Money Camp

 

 

 

Kiva.org -- Microfinance. See also other microfinance institutions 

 

 

Liquid paper -- Bette Nesmith Graham, a Dallas secretary and a single mother raising a son on her own. Graham used her own kitchen blender to mix up her first batch of liquid paper or white out, a substance used to cover up mistakes made on paper. Bette Nesmith Graham believed money to be a tool, not a solution to a problem. She set up two foundations to help women find new ways to earn a living. Graham died in 1980, six months after selling her corporation for $47.5 million.

 

 

 

London School of Economics -- Liwa Rachel Ngai (魏莉華) got the 1st class honor in economics from the HKUST. Her mother left her alone at her step father's place. She needed to tie up her belt to deal with starvation. She did think of suicide. In her high school days, she carried out tutoring jobs to support her expenses. Schoolmates financially helped her in transportation. She only got one "A" in the HKCE but then three "A's" in the A-level exam under the grace of God. HKUST helped her financially by offering her research assistantship. Her dream is to work for volunteering organization after 10 to 20 years experience in teaching and research. May God richly bless her!

 

 

 

Mastermind -- a classic

 

 

 

PaWare Consulting -- Pankaj Arora founded successful information technology solution provider at a young age (13 or 14 year old).

 

 

 

PickUp 101 -- Lance Mason teaches guys how to attract ladies. 

 

 

 

POM Wonderful -- Pomegranate better antioxidants than red wine? The couple Stewart and Lynda is estimated to have profit of 700,000,000 HK$ in 2005.

 

 

 

Poverty Action Lab

 

 

 

Roundtable.com  -- discussion platform

 

 

 

Second life is a 3-D virtual world entirely built and owned by its residents. Since opening to the public in 2003, it has grown explosively and today is inhabited by 247195 people from around the globe. ...

 

 

 

Scooters UK Ltd -- started by a teenager (13-year old) who was once driven out by laughing bankers!

 

 

 

Scripophily Old Stocks and Bonds Certificates -- Enron, World.com, etc. Started by Bob Kerstein.

 

 

 

The I-Consulting Group -- an information technology (IT) outsourcing and consulting company. The founder is Andy Lau (28-year old in 2006!), a graduate of HKU.

 

 

 

Tagalder -- Peter Chun started his tutoring schools in Canada when he was 17! Now he is the CEO of Tagalder.

 

 

 

Taxi drive lectures MBA students -- street smart defeats MBA?

 

 

 

The J'Amy Owens Group -- She was fired because she was smart. Then she started her consulting business. J'Amy Owens Group's J'Amy Owens pushes the boundaries of conventional retailing.  Owens has worked with the world's best companies such as AT&T, Home Depot and Starbucks by providing strategic solutions designed to maximize retail performance.

 

 

 

Virtual Flight at home -- James Price brings flight to home!

 

 

 

Wanted: Fund Manager, No Experience Necessary  -- No one compiles thorough statistics on hedge managers' backgrounds, but observers say a small but growing number of newcomers have little or no experience in jobs where fund managers have usually learned the ropes. Timothy Sykes, a 24-year-old New Yorker, started his $3.2 million Cilantro Fund Partners LP before graduating from Tulane University in May, 2003. He began with $100,000 from his parents and $900,000 of his own money. Sykes says he amassed his share from successful day trading during high school and college, having started at age 17 with $12,415 saved from bar mitzvah gifts. Trading, he says, "is basically like a video game for me."

 

To spread the word about Cilantro's reported gains of 20.4% in 2004 and 23.7% in 2005, Sykes paid $12,000 to post the fund's marketing materials last year on hedgefund.net, a site for investors with a net worth of $1 million-plus. The site publishes data on 5,450 hedge funds and other alternative investments. So far, Sykes says, he has received investments of $100,000 or more from three funds that invest in hedge funds and eight wealthy individuals.

 

 

Some newcomers are keeping their day jobs. Jes Santaularia, manager of hedge fund Parrot Trading Partners LLC, is also the CEO of Diversified Concepts, a real estate development firm in Sarasota, Fla., which derives roughly half of its revenue from self-storage units. About 15 years ago, Santaularia started investing the cash his business generates in highly leveraged Standard & Poor's 500-stock index futures, which allow investors to bet on the direction of the stock index. "I was looking for ways to make better-than-money-market returns," he says. In April, 2004, he launched Parrot with $500,000 from friends, family, and business partners. The fund claims profits of 8% from Apr. 13 to Dec. 31, 2004, and 16% for all of 2005. It now has $4 million under management.

 

 

 

Washington Post -- Katharine Meyer Graham was the head of the newspaper for more than two decades, overseeing its most famous period, the Watergate coverage that eventually lead to the resignation of Richard Nixon. She has been widely described as one of the most powerful American women of the 20th century. It’s often been said that Katharine Graham lived two lives: One as a self-described "doormat wife" and another at the helm of a Fortune 500 publishing giant. It was in her second incarnation that she first came to my attention. As a young woman testing the testosterone-infused waters of news writing, I invoked her name more than once. 

 

Born in 1917, Katharine Graham had a privileged, if emotionally constrained childhood in the Washington suburbs. She attended Vassar, then the University of Chicago, then began writing lifestyle pieces for various papers. Her father purchased the Post at a bankruptcy auction in 1933 for $825,000, and Katharine returned to Washington to start work on the editorial page.

 

In 1945, husband Philip Graham took over the ailing Post, and Graham ended her own short-lived writing career to concentrate on the family’s home life. She focused on raising their children and entertaining in their Georgetown home until the increasingly manic-depressive Phil committed suicide in 1963...

 

 

 

Womenomics

 

 

 

YakPak -- global business with just two staff, small companies that play big, New services and technology are helping entrepreneurs look like - and go up against - the largest businesses.

 

 

剪报剪出“大名堂" ?   有一类群体这样吃“媒体饭”(Newspaper clipping services in China)

 


Books/Articles/Blogs 

 

 

Common Sense on Mutual Funds -- "Cogent, honest and hard-hitting, a must read for every investor."

 

 

Every Man a Speculator

 

How business schools lost their way?  -- Warren G. Bennis, James O'Toole. It is fun to read because they are well-informed and don't hide some unpleasant truths.

 

It's Earnings That Count

 

Speak up with confidence -- "In a class by itself...Speak Up with Confidence is a must-read for any public speaker."

 

The Art of Speculation -- Buffet did learn from Philip L. Carret (author of the book), hold at least 10 different stocks from five different industries, the best investors would have 20% to 25% chance of making investment blunders, evaluate portfolio at least half a year since once you own a stock -- self fulfilling prophecy would happen, use 50% of your capital in fixed income investments, don't swim too far from the shore -- if storms arrive...,

 

The Future for Investors: Why the Tried and the True Triumph Over the Bold and the New

 

The One Minute Millionaire: The Enlightened Way to Wealth

 

The Warren Buffett CEO: Secrets From the Berkshire Hathaway Managers -- "Everyone who reads it comes away singing its praises"
 

What I learned Before I Sold to Warren Buffett -- "Your book is terrific. It contains helpful advice and is easy to read."

 

The New Science Of Technical Analysis: Using The Statistical Techniques Of Neuroscience To Uncover Order And Chaos In The Markets

 

 

Jeremy Siegel

 

 

財經DNA (blog)

 

港燦筆記 (blog)

流浪者 (blog)

Vwet討論區  I (財經地產)

Vwet討論區  II (財經地產)

Open University Lectures on investment

 

 

 


Earthquake and Stocks

 

According to Dr. Gabaix of MIT, we can use our knowledge on earthquake to forecast stocks crash, say. Look at his papers for details.

A Theory of Power Law Distributions in Financial Market Fluctuations
Nature, 2003, vol. 423, p. 267-70.
Xavier Gabaix, Parameswaran Gopikrishnan, Vasiliki Plerou, H. Eugene Stanley

A Simple Theory of the 'cubic' Laws of Financial Fluctuations
Xavier Gabaix, Parameswaran Gopikrishnan, Vasiliki Plerou, H. Eugene Stanley

 


Annual Reports, companies information and crisis management

 


Special kinds of listed companies

  • The Daily Planet -- the first brothel in the world to publicly list its shares. Think of the Daily Planet as Melbourne's only six-star hotel allowing sexual services on site. And like a six-star hotel, the Daily Planet is proud to maintain the highest standards of hygiene, safety, customer service and customer satisfaction.

 

  • In bad economy, Cash America, the largest pawn company in USA, blooms. Cash America International, Inc. is a provider of specialty financial services to individuals in the United States, United Kingdom and Sweden. Cash America is the largest provider of secured non-recourse loans to individuals, commonly referred to as pawn loans, through 463 locations in 18 states and two foreign countries, and the Company also offers short term cash advances in many of its U.S. and U.K. locations. In addition, the Company provides check cashing services through its 139 franchised and Company-owned "Mr. Payroll" check cashing centers.

     


Value investing


Pasture Investment Corporation Limited