(02-10-2011, 04:32 PM)piggo Wrote: Do you think a rich businessman (who is capable of "disappearing") probably with loads of debts will not squirrel away emergency funds in the event of failure?
Hmm, if he really did manage to squirrel so much money away, then why did he have to "disappear"?

(02-10-2011, 03:18 PM)weijian Wrote: hi music whiz,
thanks for always faithfully putting these articles in the forum (in a timely manner as well!). It is truly appreciated.
(It saves me 90cents, knowing that the only articles i wanna read in Sunday times can be found for free on valuebuddies, before the end of the day)
Last week, i made an comment that valuebuddies folks r always very sceptical of such profiled personalities...In this week's article, i have to admit that this guy here is just meant for self glorification and everyone's right to debunk and be sceptical of what was presented..
Hi Weijian,
Don't mention it, glad to do so. I've been posting this column up since the days of Afralug and now ValueBuddies, but it really seems that since Lorna Tan has left SPH, the quality of the interviews has gone down signficantly. Not very sure if there is a dedicated person to do all these interviews, or if the journalist changes every week? I should have paid more attention to that.
For this week's case, I guess the focus was more to drum up his business; as nothing much was mentioned about his business, no. of years in operation, annual revenues or customer base. For other interviews, there is usually more info on such stuff.
Also, from his replies, it would seem he isn't even sure of himself! Asked if he is a spender or saver, he says that "on a bad day, I am a spender", which makes it sound really vague. I guess all of us have our spending "binges", but to let the whole world know that you spent $10,000 on a computer and several $100,000 on a Porsche and other material items while at the same time counting FD as an "investment", really doesn't add much value to the general public. So I am afraid this column is becoming more and more "tabloid-like" as the weeks go by.
(Agree with lonewolf's comments too, btw).

My Value Investing Blog: http://sgmusicwhiz.blogspot.com/