Exams... No time... But still slack... haha... I have been revising things at snail pace. What makes it even more disturbing is I am perplexingly relaxed... chilled.... as cool as a cucumber... No signs of freaking out. Hmmzz... Someone motivate me! Haha... I guess its mainly due to some reasons which I dun tink I wan to say or rather I am too lazy to type lahz. Sometimes you just feel tired out of a sudden when you keep trying to do something well.

Anyways, today's AA301 valuation presentation went pretty well. I knew the floor got lots of questions like when I listened to theirs I had plenty too but nobody wanted to sabo anybody. So nobody asked anybody questions. Haha... Nevertheless, the tutor finally addressed my concerns about market risk premium. haha... At the start of the project, I asked people about market risk premium and people thought that I was stupid to ask such simple question. My concern back then was different stocks even though traded in the SAME Singapore stock market will have different market risk premium. True enough the tutor said YES... its true. And the reason... Haha.. I shall not say because if you tink deeper you will know why. I realized sometimes people who ask seemingly stupid questions could be smart but mistaken to be stupid (haha... like me...) simply because normal people although they are smart too they don't think deep enough.

And through the series of AA301 presentation, I realized most people once again although they are extremely smart and they get extremely high GPAs, they don't think much when they do analysis. I am not saying that I am very smart but the point is... You analyse but you do not state the end state. Many groups just said now we will do the industry analysis using porter's 5. Then they explain everything sui sui, all the point perfect with no flaws. Then next slide - accounting analysis. Where's the analysis? You say oh ... high threat of new entrant... yeah... low bargaining power fo supplier.... yeah.... Then? What's the end state from all these descriptions? Never say... Next slide... In any analysis, you must have an end state. Many people don't even know what's the rationale of doing the porter's 5. So the tutor frowned as these people went through motion. Many people also did financial analysis without comparing to anything. Okie... ROE increase by 10% from 2006 to 2007. WOW! The company is profitable. Its like... Eh... If i gain weight means I fat is it? Noo... I may gain weight but not fat wad. Ratios are relative. So the tutor frowned also. Hahaha... Jokes... Luckily my group... the tutor never frown so much. And some very smart people were confused by our accounting analysis when we said operating lease should be capitalized and they kept whispering eh wrong lahz... Haha... Go home and read textbook before making noises. So my conclusion is As and A+ doesn't mean you are smart. GPA 5 doesn't mean you are quite there yet if you just go through motion and don't think.

Okie.. I think I sounded very yaya papaya in this entry. But once again... I have to say I am not thinking that I am very smart but I just saw very obvious mistakes which people with high GPAs should not be forgiven for making such mistakes. Haha... Ya... Time to sleep...