Nyan Min

Apr 12

Reading

Mar 27

“I start to think and then I sink into the paper like I was ink when I’m writing, I’m trapped in between the lines, I escape when I finish the rhyme” — Rakim

Mar 20

“If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. And if you have to have a prayer session before raising the price by 10 percent, then you’ve got a terrible business.” - Warren Buffet

Mar 19

Considering their extremely usefulness, I’m wondering if there is any brains behind the old and newly opened banks to start implement viable ATM card system in our towns.

Mar 14

“There won’t be fewer people that know how to type in your product space bittorrent into Google. The one thing that everyone should have uppermost in your mind when you’re designing your business is that computers are never going to get worse at copying things.” — Cory Doctorow

Mar 13

Pulp Fiction - You know what I'm saying?

• Jules: Yo-yo-yo, man, you best back off, I'm getting pissed here. Look, just 'cause I wouldn't give no man a foot massage don't make it right for Marsellus to throw Antoine into a glass motherfucking house fucking up the way the nigga talks. That shit ain't right. Motherfucker do that shit to me, he better paralyze my ass because I'd kill the motherfucker, know what I'm saying?
• Vincent: I ain't saying it's right. But you're saying a foot massage don't mean nothing, and I'm saying it does. Now, look, I've given a million ladies a million foot massages, and they all meant something. We act like they don't, but they do, and that's what's so fucking cool about them. There's a sensuous thing going on where you don't talk about it, but you know it, she knows it, fucking Marsellus knew it, and Antoine should have fucking better known better. I mean, that's his fucking wife, man, he ain't have no sense of humor about that shit. You know what I'm saying?

“There is no reason to view the poor as stupid or in any way different from anyone else.” — Daniel Nettle

Mar 12

CFOs’ Top Worry: IFRS

Mar 11

[video]

China’s success owes more to its entrepreneurs than its bureaucrats -

The average return on equity of unlisted private firms is fully ten percentage points higher than the modest 4% achieved by wholly or partly state-owned enterprises. The number of registered private businesses grew at an average of 30% a year in 2000-09.

Competition from private companies has driven up wages and benefits more than any new law—helping to create the consumers China (and its firms) need. And behind numerous new businesses created on a shoestring are former factory employees who have seen the rewards that come from running an assembly line rather than merely working on one. In all these respects the private sector plays a vital role in raising living standards—and moving the Chinese economy towards consumption at home rather than just exports abroad.

Too many people—not just third-world dictators but Western business tycoons—have fallen for the Beijing consensus, the idea that state-directed capitalism and tight political control are the elixir of growth. In fact China has surged forward mainly where the state has stood back. “Capitalism with Chinese characteristics” works because of the capitalism, not the characteristics.