Two years ago I started this up and thought I would only run it for 3 months.
3 months has then turned into 2 years and still counting.
I don't really have a master plan for it but I just love what I'm doing.
Happy Birthday Tata!
Never underestimate your opponent.
Viewing the photos and videos from Facebook has got me thinking.
If one day we become the benefited, will we turn up like today for a better democracy?
Are we the same people driving madly on roads and put other people's life at risk?
There are always things in life that are unfair to us and to others.
When we're born to be the benefited, we often take the advantages made to us for granted.
And for things that hurt us, we rebel, protest, we ask for a change.
Whowe, it's time to go further.
Stop bullshitting your high tech ideas.
Your current business comes from a damn stupid idea and you do it with first class execution.
So why stuck at dreaming up first class idea only to end up with third class execution?
You're not Mark Zuckerberg or Larry Page.
Let's start with a damn stupid idea again.
The invested company is described in 2010 annual report:
I got another shock by digging deep into Mudajaya's annual report. (Previous shock from Maybulk)
Out of 1.1b total asset, Mudajaya has spent 362m investing in India's company.
Out of 362m investment cost, only 45m accounted for the net asset of the companies and Mudajaya is paying 7 times of the price tag as goodwill!
Actually, paying 7 times premium isn't a big deal if the company has crazy earning such as BAT, which reports more than 150% Return on Equity.
The problem is that these companies has almost no profit and I suspect whether they have operation at all.
in business is to reject bad business deal.
Having profit is one thing, having profit in long term is another.