NY Times article on the practice of simultaneously selling bad debts and then betting against it


“The simultaneous selling of securities to customers and shorting them because they believed they were going to default is the most cynical use of credit information that I have ever seen,” said Sylvain R. Raynes, an expert in structured finance at R & R Consulting in New York. “When you buy protection against an event that you have a hand in causing, you are buying fire insurance on someone else’s house and then committing arson.”


That makes the difference

2 kind of balls:

a. courage: have a goal, understanding the price, the sacrifice, and the pain necessary to achieve that goal, and push forward anyway

b. bravery: faces potential danger, not knowing exactly what, then move forward

I think courage, or the type of balls defined by the word courage in the above definition, is a critical ingredient to achieving anything

Having a goal, writing it, is far from enough. The willingness to pay the price, that makes the difference

Increasing commercialization of JPCC

JPCC (Jakarta Praise Community Church), is a church with amazing insights.

It provides weekly nourishment that are scripture based, practical, and relevant to the modern life challenges and environment.

I honor the pastors, especially Jeffrey Rachmat and Jose Carol, for being people who are serious about digging and chasing insights into layers untouched by other minds. They don’t fall to recycling traditional sermons, force fitting scriptures into modern context. They’re willing to dig it in, find gems that are only seen through a fresh perspective, package it in a language that brings the message to it’s fulfillment. I respect people who do their job seriously, who embodies the word “profess-ionalism” in how they approach their work, JPCC pastors are such people.

I enjoy their sermons very much, it challenges my thought, perspective, ideas, beliefs on how i have conduct my life.

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JPPC-13Dec2009-10AM. Molded into the kind of person that are capable of fulfilling the mission

The person who receive the vision are different than the one who fulfill the vision.

The person who receive the vision has a capability of X. Yet to fulfill the vision, it requires a person with a capability of 10x, or 100x, or 1000x, or whatever, but definitely bigger than X.

Thus, the person who receive the vision has to grow and molded into someone with 100x, then he can fulfill the vision.

Life, it’s challenges, your adversity, your opportunity, your lack of resource, are all about molding you. the person who receive the vision, to be the person who could fulfill the vision.

Embrace the mold, be brave, and being in the mold, adapt transform expand cut throw away, to be a copy of the mold.

Then after you become a copy of that mold. Be ready for the next mold.

Molding you into the person who can fulfill the vision.

Respect the sales force

I had wanted to write about this sometime ago, but i didn’t because i thought i might sound…hollow

I myself am not a sales guy, as in I never do sales function as a living, so who am I to speak about why sales guys need to be respected.

Well, I think there’s 2 major reason:

1. There’s no bottom line without the top line, all this talk about “think about the bottom line, the bottom line!!” is pretty much bullshit without the sales force. No sales, no revenue, then you can throw all your strategic initiatives and cost cutting and efficiency and optimization to heck. No sales, no revenue, no bottom line.

2. Considering the 1st reason, there’s simply a gross lack of respect for the sales force. Yeah, some people pat them in the back while on one-on-one face-to-face communication, but a secret contempt is apparent when they address the sales force in the public of the sales force, and a more overt contempt when they speak about the sales force behind their back.

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