维也纳有很多博物馆

如果你很喜欢历史，很喜欢博物馆，来维也纳就没错了。

除了Hofburg对面的那两间宏伟大博物馆之外，在它们的后面，还有一个Museumquartier(MQ)。这个名字的意思是，a collection of museums。所以，那里，有很多的博物馆。

这个MQ占地6万平方米，是新的，在2001年才正式开张。里面有巴洛克式的建筑物，也有现代建筑物。如果你要消磨时间，在这个MQ里你肯定可以看很久很久。

这是MQ进门的建筑物的后方


Museum of Modern Art Ludwig Foundation Vienna


另外一个建筑物


在里面拍的MQ Overview

Venus

注：MuseumsQuartier的网址是http://www.mqw.at/。

80年代的童年，do you share these same sweet memories?

今晚心血来潮
找了一些我童年时候看的电视节目
Mars跟我说
他小时候都是看什么thundercats，什么铁甲人之类的
好像我看的东西很“奇怪”似的
因此我想知道
有没有谁小时候也看跟我一样的节目？
呵呵~

Pink panther，我很小恨小的时候（小到已经不太记得）的最爱


Popeye the sailor man~


Elephant show，有人看过吗？我非常非常记得它的歌啊，现在听起来，小时候的美好回忆顿时涌上心来


Sesame Street，应该比较多人看过吧？


Casper, the friendly ghost,还记得它的歌吗？哈哈


Bugs bunny says, "What's up doc?" 哈哈~





Venus

ps: 很想念小时候站在电视机前面唱Elephant Show的歌那种快乐，呵呵。

最近热什么？

最近几天都没有来update我们的blog
好像有点反常吧？呵呵
因为最近忙着看市场
是目前我们最热切讨论中的课题

原本以为是公牛在努力向上冲的
突然之间因为美国的一个不是一朝一夕的事情
弄得全球股市都猛打喷嚏

我们也加紧要多看一些关于这个
subprime mortgage的后续发展

有些人说熊市来了
有些人说这只是一个比较大型的调整
孰对孰错
唯有等市场来告诉我们

我只知道
今天STI和KLCI都跌破了200-day EMA
呼~




Venus

无题

这里我link一篇2006年11月刊登在一个澳洲网页的文章。

this way

MACD Histogram

说完了MACD，就要说MACD Histogram了。

MACD Histogram是由Thomas Aspray在1986年开发出来的。

Definition of MACD Histogram

MACD Histogram: MACD minus MACD signal line.



Hence,
MACD histogram is positive (above zero) when MACD is above its 9-day EMA.
MACD histogram is negative (below zero) when MACD is below its 9-day EMA.
MACD histogram is zero when MACD crosses over its 9-day EMA.

Further increases or decreases in the gap between MACD and its trigger line will be reflected in the MACD-Histogram. Sharp increases in the MACD-Histogram indicate that MACD is rising faster than its 9-day EMA and bullish momentum is strengthening. Sharp declines in the MACD-Histogram indicate that MACD is falling faster than its 9-day EMA and bearish momentum is increasing.

MACD Histogram Divergence

Usually, but not always, a move in the MACD is preceded by a corresponding divergence in the MACD-Histogram.

Divergences between MACD and the MACD-Histogram are the main tool used to anticipate moving average crossovers.

A Positive Divergence (MACD Histogram increases but MACD decreases) in the MACD-Histogram indicates that the MACD is strengthening and could be on the verge of a Bullish Moving Average Crossover.

A Negative Divergence (MACD Histogram decreases but MACD increases) in the MACD-Histogram indicates that the MACD is weakening, and it foreshadows a Bearish Moving Average Crossover in the MACD.

The main signal generated by the MACD-Histogram is a divergence followed by a moving average crossover.

A bullish signal is generated when a Positive Divergence forms and there is a Bullish Centerline Crossover.

A bearish signal is generated when there is a Negative Divergence and a Bearish Centerline Crossover.

Keep in mind that a centerline crossover for the MACD-Histogram represents a moving average crossover for the MACD.


1 & 3: Positive Divergence followed by a bullish centerline cross-over of the histogram.
2 & 4: Negative Divergence followed by a bearish centerline cross-over of the histogram.

Types of Divergence

There are 2 types of divergence:

1) Slant Divergence: forms when there is a continuous and relatively smooth move in one direction (up or down) to form the divergence. Slant Divergences generally cover a shorter time frame than divergences formed with two peaks or two troughs.



2) Peak-trough Divergence: occurs when at least two peaks or two troughs develop in one direction to form the divergence. A series of two or more rising troughs (higher lows) can form a Positive Divergence and a series of two or more declining peaks (lower highs) can form a Negative Divergence. Peak-trough Divergences usually cover a longer time frame than slant divergences. On a daily chart, a peak-trough divergence can cover a time frame as short as two weeks or as long as several months.



John Murphy's Two-tiered Approach

In Technical Analysis of the Financial Markets, John Murphy advocates two-tiered approach to investing in order to avoid making trades against the major trend. The weekly MACD-Histogram can be used to generate a long-term signal in order to establish the tradable trend. Then only short-term signals that agree with the major trend would be considered.



If the long-term trend were bullish, only negative divergences with bearish centerline crossovers would be considered valid for the MACD-Histogram. If the long-term trend were bearish, only positive divergences with bullish centerline crossovers would be considered valid.

MACD Histogram's Drawbacks

1) The MACD-Histogram is an indicator of an indicator or a derivative of a derivative. The MACD is the first derivative of the price action of a security, and the MACD-Histogram is the second derivative of the price action of a security. As the second derivative, the MACD-Histogram is further removed from the actual price action of the underlying security. The further removed an indicator is from the underlying price action, the greater the chances of false signals. Keep in mind that this is an indicator of an indicator. The MACD-Histogram should not be compared directly with the price action of the underlying security.

2) Because MACD-Histogram was designed to anticipate MACD signals, there is a temptation to jump the gun. The MACD-Histogram should be used in conjunction with other aspects of technical analysis. This will help to alleviate the temptation for early entry. Another means to guard against early entry is to combine weekly signals with daily signals. Of course, there will be more daily signals than weekly signals. However, by using only the daily signals that agree with the weekly signals, there will be fewer daily signals to act on. By acting only on those daily signals that are in agreement with the weekly signals, you are also assured of trading with the longer trend and not against it.

3) Be careful of small and shallow divergences. While these may sometimes lead to good signals, they are also more apt to create false signals. One method to avoid small divergences is to look for larger divergences with two or more readily identifiable peaks or troughs. Compare the peaks and troughs from past action to determine significance. Only peaks and troughs that appear to be significant should warrant attention.





Venus

ps: The content and pictures of this article are excerpted from StockCharts.

MACD

之前概括了几篇关于MA的文章，今天要详细概括一下MACD，还有MACD Histogram。MACD是一个相当重要的TA indicator，所以，非要认识不可。

MACD是由一个名位Gerald Appel的人开发出来的，全名是Moving Average Convergence Divergence。

Definition of MACD

MACD: 12-day EMA minus 26-day EMA.
Hence,
MACD is positive (above zero) when 12-day EMA is above 26-day EMA.
MACD is negative (below zero) when 12-day EMA is below 26-day EMA.
MACD is at zero when 12-day EMA equals 26-day EMA, ie. when the two EMA cross-over.

MACD signal line: 9-day EMA of the MACD.




If MACD is positive and rising, then the gap between the 12-day EMA and the 26-day EMA is widening. This indicates that the rate-of-change of the faster moving average is higher than the rate-of-change for the slower moving average. Positive momentum is increasing, indicating a bullish period for the price plot.

If MACD is negative and declining further, then the negative gap between the faster moving average and the slower moving average is expanding. Downward momentum is accelerating, indicating a bearish period of trading.

MACD Bullish Signal

MACD generates bullish signal from 3 main sources:

1) Positive Divergence (of MACD and price)
MACD uptrend, price downtrend. MACD can either form as a series of higher Lows or a second Low that is higher than the previous Low. Positive Divergences are probably the least common of the three signals, but are usually the most reliable, and lead to the biggest moves.



2) Bullish Moving Average Crossover
Occurs when MACD moves above its signal line (its 9-day EMA). It's probably the most common signals and as such are the least reliable, therefore must be used in conjunction with other technical analysis tool.



Bullish Moving Average Crossovers are used occasionally to confirm a positive divergence. The second Low or higher Low of a positive divergence can be considered valid when it is followed by a Bullish Moving Average Crossover. Sometimes it is prudent to apply a price filter to the Bullish Moving Average Crossover to ensure that it will hold. An example of a price filter would be to buy if MACD breaks above the 9-day EMA and remains above for three days. The buy signal would then commence at the end of the third day.

3) Bullish Centerline Crossover
Occurs when MACD moves above the zero line and into positive territory. It's a clear indication that momentum has changed from negative to positive, or from bearish to bullish. After a Positive Divergence and Bullish Centerline Crossover, the Bullish Centerline Crossover can act as a confirmation signal. Of the three signals, moving average crossover are probably the second most common signals.





MACD Bearish Signal

MACD generates bearish signal from 3 main sources:

1) Negative Divergence (of MACD and price)
MACD downtrend, price uptrend. The Negative Divergence in MACD can take the form of either a lower High or a straight decline. Negative Divergences are probably the least common of the three signals, but are usually the most reliable, and can warn of an impending peak.



2) Bearish Moving Average Crossover
Occurs when MACD moves below its signal line (its 9-day EMA). It's probably the most common signals and as such are the least reliable, therefore must be used in conjunction with other technical analysis tool.



3) Bearish Centerline Crossover
Occurs when MACD moves below the zero line and into negative territory. It's a clear indication that momentum has changed from positive to negative, or from bullish to bearish. The centerline crossover can act as an independent signal, or confirm a prior signal such as a moving average crossover or negative divergence. Once MACD crosses into negative territory, momentum, at least for the short term, has turned bearish.





MACD Drawbacks

1) MACD is a lagging indicator, one way to overcome this is to use a MACD histogram.

2) MACD is not particularly good for identifying overbought and oversold levels. Even though it is possible to identify levels that historically represent overbought and oversold levels, MACD does not have any upper or lower limits to bind its movement. MACD can continue to overextend beyond historical extremes.

3) MACD calculates the absolute difference between two moving averages and not the percentage difference. MACD is calculated by subtracting one moving average from the other. As a security increases in price, the difference (both positive and negative) between the two moving averages is destined to grow. This makes its difficult to compare MACD levels over a long period of time, especially for stocks that have grown exponentially.

An alternative is to use the Price Oscillator, which shows the percentage difference between two moving averages:

(12 day EMA - 26 day EMA) / (26 day EMA)

The resulting percentage difference can be compared over a longer period of time. For the short term, MACD and the Price Oscillator are basically the same. The shape of the lines, the divergences, moving average crossovers and centerline crossovers for MACD and the Price Oscillator are virtually identical.






Venus

ps: The content and pictures of this article are excerpted from StockCharts and wikipedia.

WEEKEND~

噢，周末要来了~

Yeah yeah~
虽然今天要上班
可是今天是礼拜五噢~
周末要来罗~

今天早上在巴士上
遇到一个大学同学
说起了几个旧同学的近况
感觉大家都在改变噢
(心想，我咧？)

然后说起要gathering
我说，好啊，约个时间罗
当中有些是我从大学毕业后就没有见过的同学
啊，其实，每次这种情形
都让我觉得。。。心里感觉很怪的

就好像你每天生活，生活生活
突然有一天你要停下你现在的生活
坐一部时光机器
回到过去~
然后你就会一直回荡在过去的回忆之中
久久挥之不去

有些是以前同房的，不然就是同系的
同宿舍的，同block的。。。

不知道怎么说
反正。。。复杂的心情

OK，不管怎样
Weekend is coming!!

Enjoy your weekend~~~~






Venus

ps: 这个周末我一个人啊，因为Mars回kampung了。。。

后国庆感想

国庆日终于过了
假期也过了
今天一大早我照常起床上班
(我是一个多么乖的宝宝，
没有拿long weekend leave，哈哈)

可是发现家对面的学校
静悄悄的
har? 国庆日之后学校可以放假的啊？
有这种那么好的law？

结果路上，巴士上
也是人少少
(开始有点后悔
干嘛我不拿假咧？！)

933的DJ在说昨天晚上的NDP
嗯，我是在家看的
感想是什么呢？

还好啦~(很模棱两可的答案，哈哈)

其实觉得不怎么精彩
虽然事前一直宣传说今年是
第一年在滨海湾的浮动舞台表演
可是节目真的还好而已
可能因为没有在现场看的关系

而且我miss掉了前面的表演
开电视的时候检阅部队已经在进场了
然后就开始了很多仪式
很多marching，gun-firing
然后有很多飞机，船
就是军队在表演

一个小时后陈洁议唱歌了
感觉。。。
没有某年孙燕姿在国家体育馆NDP的演唱来得grand
记得那时孙小姐站在一个非常非常高的舞台上
仿佛全场焦点中的焦点
而这次Kit Chan只是在一个蛮小的台上唱歌
不过表演是比去年的龚思嘉好啦
毕竟是有经验的嘛

Mars听了一下后
说，“为什么这首歌曲好像disney song har?”
对噢，chorus之前的部分真的很disney的，哈哈

接着很多表演陆续上场
hmm，不怎么精彩，呵呵
最后就是烟花
(期待的烟花)

bong bong bong从滨海湾的建筑物中燃放出来
虽然在电视上可以看到全景
可是。。。
没有亲身在现场就是差那么一点
feel~
而且感觉喷来喷去都是一个style
可是今天早上电台DJ说很精彩啊
说烟花很精彩！
hmm...

不知道几时能亲身去体验 NDP
可是一想到人山人海就觉得可怕

不过，哪一天啦
我一定要跟Mars去那个浮动舞台那里照相
还有最新的Singapore Flyer
滨海湾已经变了面貌了~

Anyway,

Happy Birthday Singapore!






Venus

ps: 照片取自http://www.ndp.org.sg/。

音乐圣堂维也纳

在分离派会馆不远的地方，是维也纳音乐的圣殿---维也纳国家歌剧院(Wien Staatsoper)。

我无法形容这座建筑物的宏伟与壮观。虽然它看起来不怎么样，但当你站在它的面前，你就能感觉到。这宏伟不单来自于外在的设计，更来自于内在的气质。多少人视这座建筑物为圣殿，以能在里面表演为目标，为傲。从这里，培养出了多少近代有名的音乐家。

我第一次看到维也纳Staatsoper，是在一个星期六的黄昏。天已渐渐开始暗下来了，我站在歌剧院左翼外面一个喷泉前，看到橙黄色的灯光从这座圣殿里泛出来。马路的另外一边有一个巨型的ROLEX牌子。即使已经是黄昏，依然有很多人和车在这里走动。我在那熙来攘往的氛围中，努力把“我在维也纳Staatsoper的外面”这个事实刻进脑子里。

我站在Staatsoper外那个以奥地利名指挥家Herbert von Karajan

来命名的小广场Herbert-von-Karajan-Platz外，

看着那橙黄的灯光从Staatsoper中泛出来


同样站在Herbert-von-Karajan-Platz，
换个角度看马路的另一边那夺目的ROLEX招牌

第二次看到它，是一个晴朗的中午。G的朋友E说，他有一个朋友很年轻就在里面表演过了，很厉害也。当时我们在歌剧院马路的对面站着。我深深地相信他的叙述。

白天的Staatsoper

除了Staatsoper之外，还有许多大大小小的剧院。比较有名的有Volksoper，Volkstheater，Burgstheater等。

Volkstheater

我还记得，我第一次站在维也纳第一区的Michaelerplatz前，突然被一个穿着很奇怪的人接近。他穿得，我不知道，我以为是一个神父在传教。他捧着一个大本子在跟G以德语说话，而他看起来又像神父的年龄，哈哈。后来我才知道，他不是在传教，是在推销某个musical concert。那个本子里面都是关于那concert的brochure呢。知道我是讲英语的，他马上又以英文跟我说，“We have english concert too。。。”

要进入Hofburg之前，另外一个年轻20多岁的帅哥又来靠近我们。他穿得不像神父，可是依然跟普通人不同，我不知道他是不是在模仿某音乐家的穿着，哈哈。他跟我们聊了很久，看到我这样一个黑头发黄皮肤的跟一个金发美女走在一起，我不知道他到底是都我们哪个有兴趣。哈哈。他先跟G用很多德语交谈，再用听起来还算流利的英语跟我们交谈，问我来自哪里啦，为什么不要看音乐剧啦，一会要去哪里啦之类。

我们离开他后，G说，“You will see many of them in Vienna, this is a very common job here，”(噢？介绍concert是很common的工作噢？) “And these guys they like to talk to girls，”G随即笑了起来。“He was asking if you are attached...”然后我恍然大悟，噢，原来他们之前在胡扯这些东西，哈哈，“They are always like that, haha...”G又说。

呵呵，原来之前被人搭讪，我也不知情，哈哈。Interesting...

走出Hofburg，在Maria-Theresian-platz又被另外一个男士“缠”上了。他穿另外一种特别的服装，捧着另外一种本子，又要跟我们攀谈起来。依然是类似的对白。。。不过这个比较厉害，会说更多的外语。G说，“She speaks chinese，”他马上说，“Oh，你好！”哈哈。。。我们离开的时候他又说“再见！”

Hofburg大门前面，就可以看到有一个装扮outstanding的人在寻找目标，呵呵


这就是跟我说华语的帅哥，呵

从这样的现象看来，就知道每天在维也纳各地上演的音乐表演、音乐剧真的太多了。这么多的人，每天在旅游景点宣传不同的音乐表演。所以说，维也纳真的每天每夜都散发着音符。

有时候我看到在维也纳街上行走的一些亚洲人，他们看起来不像是游客。我很好奇，这些人，有多少，是为了追求音乐而来到维也纳？

仔细看，这个亚洲人的身后， 就是Herbert-von-Karajan-Platz的路牌
（维也纳许多路牌都用这样的古font)；
而他，是不是刚从Staatsoper出来？

维也纳=音乐。你赞同了吗？




Venus

2007年新加坡国庆主题曲（官方版vs轻松版）

新加坡的国庆日还有两天就到了
每年的国庆都有national day parade
还有主题曲

2007年的主题曲呢
是由叶良俊词曲的
（叶良俊还记得吗？以前出过专辑的
最近在电视上又重新活跃）

主题曲的官方版本是陈洁仪唱的
很不错的，听听：



There's No Place I'd Rather Be
Music & Lyrics: Jimmy Ye

I've walked the streets of Cairo and Bombay
I've seen the neon signs on old Broadway
I've climbed the Eiffel Tower,
The Great Wall in one hour,
Experienced sweet and sour but that's okay.

Seen Hollywood, the sunsets in LA.
The London Bridge, Big ben, the Thames, UK
I've crossed the River Kwai
Yet still I don't know why
I think of you each night and every day.

There's no place I'd rather be
You'll always be a part of me
And even though I've roamed the world
It's still my home I long to see.

This is where my family
And my friend grew up with me
So I'll cross the skies and sail the seas
To be where I wanna be.

Cos there's no place I'd rather be!


然后最近老是在933听到一个特别的版本
觉得很有创意，也很搞笑，哈哈
今天听到主持人嘉蕙说他们录了一个MV
（他们还特地去esplanade拍，哈哈）
就特地去找来看看：



嘿，第一次在电台上听到时
觉得歌词真的很好笑
尤其是他们故意先播陈洁仪的版本
然后连接再播他们的改编版本
哈哈哈哈
真的很有创意，哈哈！
不错不错!

我的家就在这里
改编词:周崇庆/萧嘉蕙
原词/曲: 叶良俊

你说要去PARIS 我听成PASIR RIS
长城有魅力 也很吃力
要爬上铁塔 非常EXPENSIVE
其实SENTOSA 会更便宜

这是美丽的天地 我的家就在这里
去到外地 我才发现
原来这里最干净

这里也有PULAU UBIN 要骑脚车也可以
你要很小心 别像周崇庆
不然少了四颗TEETH

这是美丽的天地 我的家就在这里
从JURONG EAST 到 PASIR RIS
TAXI BUS 和 MRT

这是美食的天地 有很多好吃东西
LAKSA CHAR KWAY TEOW 和那 LOR MEE
不满意有云吞MEE

还有SATAY 和福建MEE…




Venus

Recent US Housing Loan issue cause the market crash.

Listen to it few times u'll feel the "fear" ... ... is that really so serious ?!

Mars

Financial Ratio Analysis

The Balance Sheet and the Statement of Income are essential, but they are only the starting point for successful financial management. Apply Ratio Analysis to Financial Statements to analyze the success, failure, and progress of your business.

Ratio Analysis enables the business owner/manager to spot trends in a business and to compare its performance and condition with the average performance of similar businesses in the same industry. To do this compare your ratios with the average of businesses similar to yours and compare your own ratios for several successive years, watching especially for any unfavorable trends that may be starting. Ratio analysis may provide the all-important early warning indications that allow you to solve your business problems before your business is destroyed by them.

Balance Sheet Ratio Analysis

Important Balance Sheet Ratios measure liquidity and solvency (a business's ability to pay its bills as they come due) and leverage (the extent to which the business is dependent on creditors' funding). They include the following ratios:

Liquidity Ratios

These ratios indicate the ease of turning assets into cash. They include the Current Ratio, Quick Ratio, and Working Capital.

Current Ratios

The Current Ratio is one of the best known measures of financial strength. It is figured as shown below:

Current Ratio = Total Current Assets / Total Current Liabilities

The main question this ratio addresses is: "Does your business have enough current assets to meet the payment schedule of its current debts with a margin of safety for possible losses in current assets, such as inventory shrinkage or collectable accounts?"

A generally acceptable current ratio is 2 to 1. But whether or not a specific ratio is satisfactory depends on the nature of the business and the characteristics of its current assets and liabilities. The minimum acceptable current ratio is obviously 1:1, but that relationship is usually playing it too close for comfort.

If you feel your business's current ratio is too low, you may be able to raise it by:
· Paying some debts.
· Increasing your current assets from loans or other borrowings with a maturity of more than one year.
· Converting non-current assets into current assets.
· Increasing your current assets from new equity contributions.
· Putting profits back into the business.

Quick Ratios

The Quick Ratio is sometimes called the "acid-test" ratio and is one of the best measures of liquidity. It is figured as shown below:

Quick Ratio = Cash + Government Securities + Receivables / Total Current Liabilities

The Quick Ratio is a much more exacting measure than the Current Ratio. By excluding inventories, it concentrates on the really liquid assets, with value that is fairly certain. It helps answer the question: "If all sales revenues should disappear, could my business meet its current obligations with the readily convertible `quick' funds on hand?"

An acid-test of 1:1 is considered satisfactory unless the majority of your "quick assets" are in accounts receivable, and the pattern of accounts receivable collection lags behind the schedule for paying current liabilities.

Working Capital

Working Capital is more a measure of cash flow than a ratio. The result of this calculation must be a positive number. It is calculated as shown below:

Working Capital = Total Current Assets - Total Current Liabilities

Bankers look at Net Working Capital over time to determine a company's ability to weather financial crises. Loans are often tied to minimum working capital requirements.

A general observation about these three Liquidity Ratios is that the higher they are the better, especially if you are relying to any significant extent on creditor money to finance assets.

Leverage Ratio
This Debt/Worth or Leverage Ratio indicates the extent to which the business is reliant on debt financing (creditor money versus owner's equity):

Debt/Worth Ratio = Total Liabilities / Net Worth

Generally, the higher this ratio, the more risky a creditor will perceive its exposure in your business, making it correspondingly harder to obtain credit.

Income Statement Ratio Analysis

The following important State of Income Ratios measure profitability:

Gross Margin Ratio

This ratio is the percentage of sales dollars left after subtracting the cost of goods sold from net sales. It measures the percentage of sales dollars remaining (after obtaining or manufacturing the goods sold) available to pay the overhead expenses of the company.

Comparison of your business ratios to those of similar businesses will reveal the relative strengths or weaknesses in your business. The Gross Margin Ratio is calculated as follows:

Gross Margin Ratio = Gross Profit / Net Sales

Reminder: Gross Profit = Net Sales - Cost of Goods Sold

Net Profit Margin Ratio

This ratio is the percentage of sales dollars left after subtracting the Cost of Goods sold and all expenses, except income taxes. It provides a good opportunity to compare your company's "return on sales" with the performance of other companies in your industry. It is calculated before income tax because tax rates and tax liabilities vary from company to company for a wide variety of reasons, making comparisons after taxes much more difficult. The Net Profit Margin Ratio is calculated as follows:

Net Profit Margin Ratio = Net Profit Before Tax / Net Sales

Management Ratios

Other important ratios, often referred to as Management Ratios, are also derived from Balance Sheet and Statement of Income information.

Inventory Turnover Ratio

This ratio reveals how well inventory is being managed. It is important because the more times inventory can be turned in a given operating cycle, the greater the profit.

The Inventory Turnover Ratio is calculated as follows:

Inventory Turnover Ratio = Net Sales / Average Inventory at Cost

Accounts Receivable Turnover Ratio

This ratio indicates how well accounts receivable are being collected. If receivables are not collected reasonably in accordance with their terms, management should rethink its collection policy. If receivables are excessively slow in being converted to cash, liquidity could be severely impaired. Getting the Accounts Receivable Turnover Ratio is a two step process and is is calculated as follows:

Daily Credit Sales = Net Credit Sales Per Year / 365 (Days)

Accounts Receivable Turnover (in days) = Accounts Receivable / Daily Credit Sales

Return on Assets Ratio

This measures how efficiently profits are being generated from the assets employed in the business when compared with the ratios of firms in a similar business. A low ratio in comparison with industry averages indicates an inefficient use of business assets. The Return on Assets Ratio is calculated as follows:

Return on Assets = Net Profit Before Tax / Total Assets

Return on Investment (ROI) Ratio

The ROI is perhaps the most important ratio of all. It is the percentage of return on funds invested in the business by its owners. In short, this ratio tells the owner whether or not all the effort put into the business has been worthwhile. If the ROI is less than the rate of return on an alternative, risk-free investment such as a bank savings account, the owner may be wiser to sell the company, put the money in such a savings instrument, and avoid the daily struggles of small business management. The ROI is calculated as follows:

Return on Investment = Net Profit before Tax / Net Worth

These Liquidity, Leverage, Profitability, and Management Ratios allow the business owner to identify trends in a business and to compare its progress with the performance of others through data published by various sources. The owner may thus determine the business's relative strengths and weaknesses.

From : http://www.zeromillion.com/business/financial/financial-ratio.html

星期一

今天又是一个星期一了
你今天的心情好吗？

昨天见了自中学毕业以来就不见的同学
发觉光阴真的似箭啊
大家都觉得对方变了许多
顿时青少年的回忆一一涌上心头

啊，什么时候啊
已经告别了“青少年”的岁月了
悄然无声的

昨晚在家看了电视播的“跑吧，孩子”
看到可怜的穷困孩子们
为了一双双鞋子而想方设法

孩子们的烦恼看起来固然不是小烦恼
可是他们长大之后
烦恼就更加多了

那天Mars说
人长大了，真的很多东西要烦hor?

对啊。。。
我们都是成人了
成人有成人的烦恼
是你在小孩子的时候从来visualise不到的烦恼

但怎么办呢？
没怎么办的
生活还是要过
每天给自己打强心针罗
在这种年代生活
心真的要很强才可以

快乐，源自于心
在我说这句话的同时
又有谁知道，我现在快乐不快乐？

*无奈*呵~
没关系啦，每个人都有自己的烦恼
但每个人都要继续努力生活啊！

Venus

ps: 我打完针了。。。

美食

今天又在新山光顾了SDS餐厅
话不多说，看照片

Blueberry cheesecake，算是蛮便宜的，才RM3.90


味道也是不错啦~


这是“辛辣鸡排”


Grilled chicken with mushroom sauce...~味道很好。






Venus

澳门。街景

摄于澳门，2006年秋。




Venus

维也纳分离派

如果我没有记错，从Karlsplatz的地铁站中，有一个出口可以通到另外一个underpass，这个underpass叫做Secession。朋友G说，这个underpass是新建的，她也是第一次来。

这个underpass很特别，因为走廊的两边全部都是玻璃镜子。然后呢，每面镜子上面有一个statement，比如说“全球每秒花在军事上的钱”，然后下面有一个红色电子显示着数字。我还记得，全球每秒花在军事上的钱跳动得非常非常快。除了这个以外，还有很多很多别的句子，比如，“每天在维也纳fall in love的人们”，哈哈。

π值是什么？看这串长长的数字就知道！


今天在维也纳堕入爱河的人有多少？？

这条underpass的尽头，上到地面，就看到一个叫做Secession的建筑物。这个建筑物最眩目的地方自然就是头顶那个大大的金叶子球(又是金！)。 Secession building，就是鼎鼎大名的“维也纳分离派”的建筑物，建于1897年，由一位分离派的建筑师所设计。

当年的分离派建筑，今天在一个车水马龙的junction之间


维也纳分离派建筑物：别具匠心的设计

分离派是在19世纪末叶到20世纪初叶时一个在欧洲发起的艺术与文学改革行动。主要是由一些不满于传统艺术与文学规范的画家、建筑师、文学家等所组成。他们建造自己的会馆，发表自己那些跟传统设计大相径庭的作品。而维也纳分离派，也在这个走势之下运应而生。

当年维也纳分离派的成员包括有名的奥地利画家Gustav Klimt，他的弟子之一的Egon Schiele，建筑师Otto Wagner，和他的弟子Joseph Maria Olbrich(也是维也纳分离派会馆的设计师)等19名艺术家。

当年的愤世嫉俗，促使这些人自成一格。然而，随着岁月的流逝，很多事情已成云烟往事。但如今游人来到维也纳分离派会馆的前面，还能看到上面那以德语刻的文字：

"to every age its art and to art its freedom"




Venus

澳门一日游——序篇

抵港的第三天，我们抖擞了前一天在迪斯尼乐园劳累了一天的精神，开始了澳门一日游。

往返澳门

从香港前往澳门的主要交通是渡轮，其次是直升机(但费用昂贵，应该很少人搭吧，哈哈)。在港珠澳大桥落成之前，暂时未有直达陆路交通往澳。

香港往澳门的码头共有两处，分别是位于香港岛上环的港澳码头(这里是前往澳门的主要交通枢纽，全天24小时都有船往返港澳)，和位于九龙半岛尖沙咀的中港码头(但渡轮班次疏落)。单程只需约一个小时即达，平均15分钟一班船，班次非常非常频密，除了某些繁忙时间要错开外，一班情况下也很好买票。

亲身到那里上船之后你就会发现，他们那里班次真的非常非常频密，好像随时都有船的。你买票进入了闸门之后，就好像要赶什么似的，因为里面的工作人员会在不同的地方不停地催你，所以你就是一直走走走。在这里又再次看到香港人的快人快语。以下摘自我的旅游日记：

“我们兴高采烈地在入闸门口拍了照片。但因为看到所有人都好像行色匆匆要进去，我们也没久留，就入闸了。

入闸之后我们先经过一个工作人员，他在我们的票上用橙色的颜色笔划了一下，然后让我们进去里面。进去里面后，发觉有一些柜台，里面有看起来像是海关人员的。给我们感觉就是整个港澳码头的人都是匆匆忙忙的。我们就排队给海关人员检查护照。过了海关之后，又有工作人员催促大家走快一点，说是前面有位，要“行快D”。然后我们周围的那些人都开始快步走起来，我们两个见状就也加紧脚步了。

走到上船之前的地方，要经过另外一个工作人员，他负责安排座位。他看到先走到的Mars，就问他，“一位定两位”。Mars说两位之后，他就很厉害地用一只手一次过在我们的两张票上贴上两张不同的sticker。Sticker上有我们的座位号码。Mars见状后啧啧称奇呢，哈哈。

然后我们又随着大家赶上了渡轮。 ”

哈哈，离题了，继续说码头：

1) 港澳码头(港岛上环信德中心)：采用喷射飞航船Turbo Jet。24小时有船，每15分钟一班。周一至五单程票价HK$141，周六日假期票价HK$153。下午五时候出发航次属于夜航票价，HK$175，天天同价。

2) 中港码头(九龙尖沙咀)：采用新渡轮First Ferry。早上七时到晚上九时有船，约一或半小时一班。可在佐敦地铁站步行20-30分钟前往中港码头，地点偏远，较不方便，尤其拖着行李则更麻烦，因此一般旅客较少在九龙上船。周一至五单程票价HK$140，周六日假期票价HK$150。下午六时后出发属于夜航票价，HK$175，天天同价。

3) 澳门新口岸外港码头(港澳码头)：由澳门往返香港及九龙的唯一码头。

简单来说，就是去澳门可以从上环或者尖沙咀去，从上环去比较方便。但是从澳门回来香港，就只有一个码头，就是港澳码头那里。

我们早上的时候大概10点从上环信德中心上船，大概10点45分左右到了澳门。傍晚的时候则是从澳门回到九龙的中港码头，需要的时间长一点点，大概60分钟左右。

要怎样去信德中心呢？很简单的。搭地铁到上环，然后在地铁站看牌子，找“信德中心”，跟着走就会到了。

渡轮经验

我们去澳门的时候乘搭的是上环信德中心的喷射飞航船Turbo Jet。回来时是新渡轮First Ferry。这两种船，感觉很不同的噢！看我的旅游日记：

喷射飞航船Turbo Jet：
我们走过一个小板，就踏进了渡轮。这时楼下的座位都很多人了。工作人员说我们的座位在楼上，于是我们就要上楼梯。

一进到这个渡轮就觉得全身难以平衡，觉得摇晃地很厉害，我们非常不习惯。上楼梯的时候特别辛苦。然后我们一起找到了我们的座位。我们坐在中间的位置，不是靠窗的那排，所以没看到什么海景，只能远远地看一下。这渡轮里面的座位好像飞机一样，每个人坐在自己的位置上。整个渡轮很快就坐满了人，而且每个人都忙着在说话，很吵，非常吵，感觉上很像巴刹，呵呵。好像很多uncle auntie要去澳门赌博一样。

坐定之后已是10点，我还是觉得很摇晃，Mars就安慰说，等下船开了之后就不会那么摇的啦。我也希望是如此啦，不然那么摇要坐一个小时会有点辛苦呢。

我尽量不要说那么多话，尝试着慢慢适应。可是周围的人好像都很兴奋，每个人都在高声说话，好像丝毫不觉得船很摇晃，我在想，他们去澳门会不会就像柔佛人往返新马这样平常？？

不过，后来我们还是睡着了，哈哈，可能是因为前一天太累了。

新渡轮First Ferry：
上船后，服务员就指示我们的座位。这次我们坐在底层，而且是靠近窗的两个位子。一上船后我就觉得这个双体船跟早上坐的喷射飞船很不一样，因为这船不怎么会摇晃的！原来双体船真的比喷射飞船要平稳一点的！

这双体船里面看起来比喷射飞船的新一点。我们的不远处有一个大电视，可以看到船外的景色，哈哈。可是我们很快就睡着了，实在太累了。一个小时的船程很快就结束了，我们也补到一点眠，呵呵。

虽然First Ferry比较平稳，可是早上的时候赶时间，所以如果要在九龙找路去中港码头好像有点难，所以我们才去上环的。到现在还是觉得中港码头那里的交通不太适合游客(除非你搭德士)，我们晚上的时候会回去九龙是因为时间刚好到那班船，而且又想去九龙港边看“幻彩咏香江”(不过最后还是来不及在当晚去)。

这是在澳门码头下船之后拍到的景色，后面是蛮壮观的桥哦！

澳门货币

在澳门可以用港币，所以不用换澳门币的。

澳门交通

到了澳门之后，记得在澳门码头的旅游中心里拿地图和巴士指南，这些资料都是免费的，而且都很有帮助，尤其是那份巴士指南。你可以看着这个指南然后大略plan一下行程。

我认为，如果去澳门只是一日游的话，第一个要安排的地点，就应该是最重要的旅游景点了--- 议事亭前地/大三巴。这整个地方都是一个旅游景点来的，除了大三巴牌坊之外，还有教堂，还有店铺，很多很多。因为一日游时间可能会不够，别的景点如果没有时间可以别去，但这个一定要去噢！

因此，从澳门码头，只要找到方法到第一个目的地就可以了。当然，如果你要省麻烦，或者同游的人多，搭德士是一个很简单的办法。可是我们两个是主张不搭德士旅游的，哈哈，这样比较有冒险性。

OK，要怎样搭澳门巴士呢？

第一，澳门巴士是没有香港的八达通卡的，所以要用现金，而且最好找好零钱，因为巴士不找钱的。从巴士指南看到，只要是在澳门半岛行走，多长或多短的距离都是每人HKD2.50的。

第二，码头的外面，不远的地方，就有一个巴士站，在那里有很多巴士指南图。但如果你要去的地方是议事亭前地/大三巴，你就搭3号巴士吧。

这是我们在巴士里等巴士开的时候，拍到巴士站里图文并茂的巴士指南。

巴士经过的地方你会看到很多澳门景色，包括澳门最大的特色，就是赌场。你会看到，到处都是赌场，哈哈！真的！

然后你要留意下车的站，不要相信巴士里面的那个显示牌，那个资料是错误的，上次我们就是因为相信了那个牌子所以过了站，哈哈，不过还好因为有地图所以很轻易地就走回去目的地了。

这就是3号巴士里面，很干净的。中间上面就是那个“不准确的显示牌”。

议事亭前地/大三巴在一条叫做新马路的马路上，所以你要在巴士到这条马路时，在议事亭前地的对面下车。巴士会停在新马路的左边，而议事亭前地在新马路的右边。新马路的左边是澳门的民政总署，是一座老建筑物，就是因为这个地方以前是政府官员“议事”的地方，所以在它前面的那篇小广场才会叫做“议事亭前地”。

新马路的全名很长的。

巴士会先走过“殷皇子大马路”，才来到新马路。你在巴士可以一边留意路边的路牌（我们当时更厉害，一边看风景，一边看路牌，一边看地图，哈哈），可以看到“殷皇子大马路”的路牌的。到了新马路后，如果巴士停到一个站时左边的建筑物很多黄色黄色的，然后又很多人的，那个地方就是议事亭前地了！就要在那里下车，过了那个站的话就得走一段路才能回到这里。

这就是议事亭前地，建筑物很多黄色黄色的，然后又很多人的。


从议事亭前地拍到的民政总署，中间有巴士在行走的就是新马路，其实蛮窄小的。

这个位置就是民政总署（照片里右手边）的前面，
就在新马路路边而已，
斜对面是建筑很古色古香的邮政局总部，
左边看不到的地方其实就是议事亭前地。

下了车之后嘛，你就身处在整个澳门最多旅客的地方了！然后，满心欢喜地看着书本上和网页上看过的历史建筑物浮现在眼前吧~~~




Venus

摘自冷眼的著作 <<３０年股票投资心得>> 一书

摘自冷眼的著作 <<３０年股票投资心得>> 一书。。。

“。。。　

我常常看到股票的价格，持续上升， 但又找不到上升的理由，公司也没有宣布好消息，过了一个时期，公司公布季报，投资大众才恍然大悟：

原来该公司的盈利大幅度上升。很明显的，知道内情的人，已静悄悄地在股市中购入，到公司业绩公布时，股价已经上升了一大截，利好消息已反映在股价上，天真的散户，在报上读到公司盈利大增的消息时，进场追逐，局内人乘机脱售较早时廉价买进的股票，散户以高价买进，即使有利可图，也微不足道。

散户如果要求胜，最好的方法就是比大户及局内人先走一步， “反向”就是最好的策略。

平时要勤做功课，了解公司业务发展。
当一支股票的价格处在低水平时，不但不要看不起他，反而要多加注意，深入阅读有关行业及公司的资料，进行研究，以生意的角度去衡量 ：
有关公司的设备好吗？
产品有竞争优势吗？
管理层可靠吗？
公司财务状况务实吗？

长期投资者，最好持有长达１到３年，这样才有可能享受到业绩改善带来的好处，取得超常的回酬。　

如果你常以一般常用的标准，如本益比，周息率，每股净有价值等作为买进的根据的话，你可能会失去低价购买一只潜能股票的良机，所以最好不要固步自封，应该以将来的盈利成长潜能作为根据。　

。。。　”

Mars

希望韩国人质安好！

昨天，又一名被taliban绑架的韩国人质被杀死
这是继5天前第一名人质被杀后
由于taliban的要求仍没被满足
而被牺牲的第二位无辜的韩国人

唉。。。

昨天听到电台说
taliban已经将最后期限再拖延
到今天下午的3点半
期限一到如果还没谈判成功
那就。。。

总共有23名无辜的韩国男女呢！
而现在只剩下21名

我不知道阿富汗政府啦
韩国政府啦
美国政府啦
他们在考虑什么政治因素
我知道这些都是很复杂的事情
taliban要求阿富汗释放被囚禁的同党
我又不知道这些被囚禁的人是不是都是大坏蛋份子
为什么阿富汗政府迟迟不要答应
我知道是有原因的吧
知道是很复杂的

可是。。。
可是，20多个人的性命也！
而且都是无辜的人啊！

为什么恐怖份子要这样做呢？！
为什么要常常到处绑架人质？

这样的行为实在是人神共愤！





Venus

经济大好

今天早上上班途中
听到收音机说
新加坡第二季度的失业率下滑到6年来的最低水平！
第二季度的就业机会增加25%，有将近6万多个新的工作机会。

哇。。。！

然后最近新加坡房地产价格又上飙
区域和全球股市大牛
很多电视节目都有讨论这些东西

昨晚Mars才跟我说
嗯，有点担心是不是过热了？

相信很多经济学家都在观察吧
一个值得思考的问题。。。




Venus