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The purpose of writing this is to encourage people to do charity and also to satisfy my ego.
Ego can be a very powerful push factor for achieving success. But it also can be very destructive. You must bear in mind that more than half the problems including devoices in the world are due to ego.
Although I am one of the poorest on the selected list, I give away proportionally more in comparison to my wealth. Moreover, my way of giving scholarships to help poor students to complete their tertiary education has a multiplying effect. Up till date I have given more than 300 scholarships.
All scholarship recipients do not need to work for me nor they require to pay back the money I spent on them. But they have to promise me that when they are financially solvent, they would have to help other poor students. Currently about 200 scholarship recipients have graduated and I expect some of them will soon begin to help me do charity. As time goes by, more and more graduates will help other poor students.
I have been selected because of my system of helping poor students.
I am 82 years old and I know for sure I cannot take any money with me when I die. I have written in my WILL that all my remaining assets will be for charity.
Koon Yew Yin
Note: You may like to post this on your website to satisfy my ego.
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Valuation of a company involved three levels in order to give a good picture of where the company stands in term of value versus price. KYY use the first approach by estimating the growth rates and margins of the business in the future. Such projections are high sensitive to the underlying assumptions.
In addition to the above, we need to do a benchmark valuation of the target business with its competitors. Pick appropriate metrics to compare for decision making process.
Finally, we need to perform an analysis on price to earnings and EBIT margin on a historical basis to study the trend in relation to the business performance over time. If P/E is on the lower end of a ling term average while margin are on uptrend, there is a good chance of value investment opportunity.
The key question here is, did KYY behave morally or get away with immoral acts which promote his self-interest? Mr Koon had achieved success and believed in sharing his success story with others. His motive is noble and he truly believed his stock picking skill will bring good fortune for himself and others.
What is distinctive about us is our capacity to reason. Whatever decision we took should be based on our own judgement.
2015-02-15 21:27