Skip to main content

Spongebobs, Parasites & Leeches

Senior Corporate / Investment Pros I Hate

Its funny how many times investment pros get asked to do a deal on a contingent basis - i.e. only get paid if the deal gets done. I wonder what would our parents think when we tell them that we work on a contingency basis, after they have spent their lifetime savings sending us to college. What is this mentality, this contingent mentality - it happens way too often in Asia, not so much in First world countries. Our brains do not matter, effort does not matter, only success?? Why the aversion from committment fee, engagement fee, out of pocket expenses?? You go and try to get some US investment bankers on a contingency deal - they'd laugh at you. Are some people not worth a salary? When you take advantage of people like the situations cited above, you are a parasite and a leech - you suck people dry, you will not share till you've got your share, you will be rich though but not many will cherish your time on earth.

Another prime example of sponging off people are usually the very senior corporate people, they will "pick your brains" for ideas, insights, opinions, analysis of situations, corporate deals, business developments, industry turning points, etc.. Somehow, these people think it is absolutely OK to engage others to suck their ideas, sponge on their brain power and take credit for them. I know of so many hedge/ fund managers who will listen to your picks, buys them, make tons, and never bother to return the favour via stock orders or a call. Many senior investment pros and senior management people feel it is part of their "ability" to cultivate these various pots of honey to suck them dry occassionally to help them protect their position. Its like high school all over during the exams, and the brats are still looking over to copy your work (and doing so much better than you).

Don't get me wrong, it is OK to exchange ideas among friends (genuine friends). It is also important to let the other person know what your motives are upfront. It is also important to have the graciousness to acknowledge your sources, and where possible, to repay them back in kind or even materially. How many of us do that? It is exactly similar to those people who will ask a doctor at a social setting about how to treat their medical condition - so what has changed that makes it OK not having to pay for professional advice, just because we are at Starbucks??

Too many investment pros and senior corporate management people regard a conversation or a Q&A session with another professional as just a conversation - while a lawyer can charge tons per hour for the same service. Don't be a parasite or a leech, it is a pure reflection on your character, unless you are the manipulative sort of character (who would do very well in the corporate world anyway)... give proper due and recognition to professional comments, analysis, opinions... (unless they are voluntary in the form of blogs like mine). Always be upfront, "I need to hear you views on... if you don't mind ... but stop me if I am overstepping the line..." .... "Thanks, I appreciate your time, is there anyway I could repay you ..." .... "Hey, I made xxx for taking your advice, I hope you will accept this US$200,000 check from me" .....

If you are a corporate parasite or a investment leech, and see nothing wrong with it cause it helps you get to where you are - cheeers, and go lick your own balls cause you can (no backbone). Riches, fame and power will never compensate for lack of character, integrity and fair mindedness.


Popular posts from this blog

My Master, A National Treasure

REPOST:  Its been more than two years since I posted on my sifu. This is probably the most significant posting I had done thus far that does not involve business or politics. My circle of close friends and business colleagues have benefited significantly from his treatment.

My Master, Dr. Law Chin Han (from my iPhone)

Where shall I start? OK, just based on real life experiences of those who are close to me. The entire Tong family (Bukit Kiara Properties) absolutely swear that he is the master of masters when it comes to acupuncture (and dentistry as well). To me, you can probably find many great dentists, but to find a real Master in acupuncture, thats a whole different ballgame.

I am not big aficionado of Chinese medicine or acupuncture initially. I guess you have to go through the whole shebang to appreciate the real life changing effects from a master.

My business partner and very close friend went to him after 15 years of persistent gout problem, he will get his heavy attacks at least…

PUC - An Assessment

PUC has tried to reinvent itself following the untimely passing of its founder last year. His younger brother, who was highly successful in his own right, was running Pictureworks in a number of countries in Asia.

The Shares Price Rise & Possible Catalysts

Share price has broken its all time high comfortably. The rise has been steady and not at all volatile, accompanied by steady volume, which would indicate longer term investors and some funds already accumulating nd not selling back to the market.

Potential Catalyst #1

The just launched Presto app. Tried it and went to the briefing. Its a game changer for PUC for sure. They have already indicated that the e-wallet will be launched only in 1Q2018. Now what is Presto, why Presto. Its very much like Lazada or eBay or Alibaba. Lazada is a platform for retailers to sell, full stop. eBay is more for the personal one man operations. Alibaba is more for wholesalers and distributors.

Presto links retailers/f&b/services originators with en…

How Long Will The Bull Lasts For Malaysia

Are we in a bull run? Of course we are. Not to labour the point but I highlighted the start of the bull run back in January this year... and got a lot of naysayers but never mind:

p/s: needless to say, this is Jing Tian ... beautiful face and a certain kind of freshness in her looks and acting career thus far

I would like to extend my prediction that the bull run for Bursa stocks should continue to run well till the end of the year. What we are seeing for the past 3 weeks was a general lull where volume suddenly shrunk but the general trend is still intact. My reasons for saying so:

a) the overall equity markets globally will be supported by a benign recovery complemented by a timid approach to raising rates by most central banks

b) thanks to a drastic bear run for most commodities, and to a lesser extent some oil & gas players, the undertone for "cost of materials" have been weak and has pr…