I will help no one. They both seem to be doing quite well even with the minor setback.
Chong has more then 10 outlets ( i have none !!!) So close all of them, open 1 and start rebranding their store again( which is what Malaysian's is famous for, closing hiding all assets and declaring bankrupt! Oh the joy of the concept of Sdn bhds and shelf companies)
Muthu has a Nasi Lemak Telur Burung stall, i only have my "burung". If he can save up to RM500,000, i think he can do it again. Nothing is impossible.
We all are being scam one way or another in our daily lives. Its just a matter of risk assessment on various situation. Call it whatever legal words (interest, commision, payment, taxation, assesment, premium,financial plans, fixed deposits,staggered deposits, mutual funds, insurance, paper losses, LOL EPF) If you're losing money, someone is gaining it. Even if you think you're earning money, you're actually losing it too, the trick is to make the customers (which is "us") think we're gaining by spending, oh i mean saving.
But that wasn't the question, the real question is in the answer, to predict and evaluate ones answer.
KCLau
· 11 months ago
This is interesting. Who would you help YowChuan?
Max Ee
· 11 months ago
Muthu case can be easily resolved. he can simply 'convert' the 50K worth furniture and kitchenware to cash. So, I do not help
Chong, serious issue. Basically his business suffers permanent loss of economic value. help his business macam throwing the money into the sea, not worth. But, if his business contribute 50% to the country economy, then different story.
mtsen.com
· 11 months ago
very interesting ... something is in these 2 stories but I couldn't tell what ... I think if I stare into this long enough I can figure it out :)
I am in no position to help neither of them ... but I may take advantage of them by buying over their left over assets/goods at a ridiculous low price etc. That way at least they can some cash and can start over somewhere else and I have a chance to resell their stuff with small profit too. kee kee kee ....
yowchuan
· 11 months ago
Jesh, I agree a lot of the games out there are zero-sum, you can only win when someone loses. Your thoughts has got a little Zen-like to it. You an Adidas fan?
KC, in the story, I was actually trying to create a distinction between the term 'Liquidity' and 'Solvency'.
Haha... Max, with Chong's character, I think he is also pretty good with 'creative accounting'.
Michael, a win-win situation is always the best, but sometimes, like how my friend Rajesh puts it, when someone gains, someone else is in pain!
Chong is just like USA's Ford, GM & Chryslar asking 25 Billion from congress. Their Business plan is flaw and no matter how much money put in.
Muthu is like the US Bank being billed out now with 700 billion dollar. Bank is facing liquidity crisis.
yowchuan
· 11 months ago
Hehe...good observation there Eric ;-)
Rajesh Mahesan
· 11 months ago
I like how Max Ee thinks, lolz... Why help someone you don't know when you can gain from them? For this reason, i love the Liquidation concept in the states, people file a chapter 11, go bankrupt, all their things get auction off, and if you're actually there, you can really get good deals.
YowChuan, I'm a Nike Fan, Manchester United to be more exact, i'm used to the winning mentality.
All Comments
Chong has more then 10 outlets ( i have none !!!) So close all of them, open 1 and start rebranding their store again( which is what Malaysian's is famous for, closing hiding all assets and declaring bankrupt! Oh the joy of the concept of Sdn bhds and shelf companies)
Muthu has a Nasi Lemak Telur Burung stall, i only have my "burung". If he can save up to RM500,000, i think he can do it again. Nothing is impossible.
We all are being scam one way or another in our daily lives. Its just a matter of risk assessment on various situation. Call it whatever legal words (interest, commision, payment, taxation, assesment, premium,financial plans, fixed deposits,staggered deposits, mutual funds, insurance, paper losses, LOL EPF) If you're losing money, someone is gaining it. Even if you think you're earning money, you're actually losing it too, the trick is to make the customers (which is "us") think we're gaining by spending, oh i mean saving.
But that wasn't the question, the real question is in the answer, to predict and evaluate ones answer.
Who would you help YowChuan?
Chong, serious issue. Basically his business suffers permanent loss of economic value. help his business macam throwing the money into the sea, not worth. But, if his business contribute 50% to the country economy, then different story.
I am in no position to help neither of them ... but I may take advantage of them by buying over their left over assets/goods at a ridiculous low price etc. That way at least they can some cash and can start over somewhere else and I have a chance to resell their stuff with small profit too. kee kee kee ....
KC, in the story, I was actually trying to create a distinction between the term 'Liquidity' and 'Solvency'.
Haha... Max, with Chong's character, I think he is also pretty good with 'creative accounting'.
Michael, a win-win situation is always the best, but sometimes, like how my friend Rajesh puts it, when someone gains, someone else is in pain!
Will post more later!
A Crisis of Solvency and Liquidity (Part 2)
Muthu is like the US Bank being billed out now with 700 billion dollar. Bank is facing liquidity crisis.
YowChuan, I'm a Nike Fan, Manchester United to be more exact, i'm used to the winning mentality.