Out of the blue, I picked up one of the many books from my girlfriend's table and started reading.
The booklet is titled "Protocol in O&G" with the hospital name at the end of it.
I was trying to understand.
Why is it so hard to be a doctor?
As a half-cooked engineering student, I started to read carefully and trying to look for a pattern.
In math, we call it the arts of simplifying equations.
You find something that's common, take it out, make the expression simpler to read.
I blundered a big time.
Maybulk paid RM 700m+ for 21% of share in POSH.
Out of RM 700m, about RM 400m is premium or goodwill, and about RM 150m is the share of liability in POSH.
So.. the net asset of Maybulk per share minus the goodwill and liability of Posh should be around RM 1.10-RM1.30
I paid almost double for it.
Today I learnt a great lesson that I can never forget.
Whowe, you haven't looked deep enough.
is a big problem.
People expects government to charge cheap or free.
But when government takes over the service, it's generally more costly and less efficient.
It drains the economy.
I know what you see now.
It's always not a simple game.
I missed a big point and I'm back on my learning track again.
The shocking moment is when you thought you understand enough about something only to realize that it's only half of the picture and another half is pure blackbox.
More to say is my current accounting knowledge is just pure noobie level and I need to seriously pick up some books to read.
EPIC FAIL WHOWE!
But it's ok, you haven't lost big money yet.
There's still chance to redeem your SIN.
Insurance industry is a lucrative business.
I hope to own one one day.