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Showing content with the highest reputation since 02/18/2018 in all areas

  1. 2 points
    Well, there are a few other factors you may want to take into account: 1) EPF board has some industry/union, non-governmental representatives to hopefully provide some additional oversight. TH has none. 2) The EPF Act guarantees the contributor's principal as well as a 2.5% dividend per annum. So the government can always print more ringgit to give you back your nominal investment. (yes I know this is not exactly the most comforting thing). 3) EPF's actual investment returns are higher than the declared dividend. The balance of the returns are kept as reserves against fluctuations in investment value. Of course the recent MYR devaluation has also helped their foreign investments show leveraged returns in addition to the typical equity appreciation + dividend. 4) EPF has the advantage of being able to invest in the entire universe of investment assets whereas TH is restricted to syariah compliant instruments. Regardless of actual performance/characteristics of syariah compliant assets, this does restrict potential opportunities as well as increase cost of compliance. 5) EPF's liability/asset ratio is much healthier at circa 6% compared to TH's (official) 50%. 6) EPF actually restricts non-salary contribution amounts. Not a typical Ponzi scheme characteristic, you'd think they would encourage more contributions rather than less. Clearly they recognise it's a tough job managing that much cash. They also allow withdrawals once your individual total EPF holdings has exceeded RM 1mil At the end of the day you will always have imperfect information as an outsider. But there's not a lot you can do about it...... I do know someone who uses EPF as a government guaranteed fixed deposit replacement.
  2. 1 point
    Yes. Uncles are really the only mass demographic that has the spending power for your products.
  3. 1 point
    Moonwatch. 42mm. Almost brand new. Customer's.
  4. 1 point
    Nice to see the darlie man pursuing his passion of dance (and fine tailoring)
  5. 1 point
    A surprisingly nice Longines World Time GMT automatic belonging to a customer. 38.5mm, but astonishingly wearable, like a 36mm. The entire watch feels like a smooth pebble. On the rear, you get a very satisfying view of the large-diameter decorated movement. Unexpectedly nice.
  6. 1 point
    Anwar's jacket is fully canvassed and very, very high grade. Can you tell? Najib's, too, is fully canvassed.
  7. 1 point
    It's amazing just how polished Tom Ford is. His mannerism, his voice, etc.
  8. 1 point
    Well, due to lack of data it's a bit hard to pin down, especially for the 97-98 crisis. The website only provides the annual reports from 2001 onwards, and other financial market data is tough to come by. For all I know they could have shorted the Malaysian market in 97. Essentially what could have happened was profit taking on the bond portfolio in 2008. BNM cut interest rates from 3.5% to 2% as economic stimulus. This could have pushed up the prices of the bond portfolio by a good 10% on 10 year bonds and all EPF would have needed to do is sell some to realise the capital gain. (Dividends are based on realised gain). As you pointed out, the majority of EPF funds was and still is in bonds/fixed income, so smart profit taking on a small portion of the large bond port would be enough to offset the (likely unrealised/unimpaired) loss on the equity port. The biggest hole in this argument is of course how the realised and unrealised gains/losses are taken into account when determining the profit and hence dividend. Accounting standards have changed hugely in the last 20 years, especially since the GFC, so methods could have changed over time. Also, choosing when to impair assets (recognizing a permanent loss of value) is largely a management decision. So in theory, what they could have done during crises is 1) not impair the equity port 2) sold down the bond holdings, thus inflating the 'profits'. But this type of manipulation of profit numbers is still within the rules of the game.....
  9. 1 point
    Letting go this unworn loafer shoes and belt ( 1 set )Bought from overseas Actual price is RM 850 Asking price is RM 400 Color : OxbloodSize : 40euro / 7 uk
  10. 1 point
    I once went to a friend's house, a Malay dude with a Japanese wife, in their early 50s. As I was searching the kitchen cupboards for sugar, I came across this ~1.5L jar which was 90% empty, thinking it was sugar. It was actually MSG. This got me thinking...the Japanese, despite their obsession with umami, also have the highest life expectancies. No claims here; just an observation.
  11. 1 point
    Somebody who works with American & Efird contacted me about a suit. I really hopes he comes because they make great threads and I need to figure out how to buy it from them. It is ridiculously difficult to source great threads. All you get locally is spun polyester.
  12. 1 point
    A better view of the machine-sewn swelled edges. Swelled edges are more than just that line of machine sewing or pick stitching that makes the edges appear chunkier. They're also about what you do with the seam allowances. With regular jackets, the two seam allowances (one from the facing, the other from the forepart) are feathered, i.e. they have different widths to give the gradual transition. With swelled edges you want an abrupt transition, so both seam allowances are identical in width.
  13. 1 point
    This morning, the above and his spouse each left a one-star rating on my Google page. He so succinctly and comprehensively described my ideal customer profile. Perhaps I should have been less coy about it. In the future, I may just do a phone screening. Customer: I want appointment. You free later today? JT: Did you send your CV earlier? We require that before we can grant you an appointment. Customer: CV? I'm not asking for a job. Anyway, I'm an assistant MD. JT: You mean like a PA? We don't really take those in. Customer: You don't understand. The MD is my father. JT: Are you second or third generation? Customer: Third. My grandfather started the company. JT: Good. We don't take in second generations. Too parsimonious. What's the revenue like? Customer: Huh, what? Like 36 million last year. JT: Ah. We only do above 200 mil. When you reach that, give us a call. Thanks, bye.
  14. 1 point
    https://garage.vice.com/en_us/article/7xdv9x/michael-anton-styleforum How a Menswear Troll Became a Trump Administration Insider National Security Council spokesman Michael Anton's 40,000+ posts on menswear message board Styleforum tell us a lot about the people who work for the president.
  15. 1 point
    True, although a navy blazer could arguably work for the latter situation and look just as good. Plus it can be worn indoors (can as in it looks right - there's of course nothing stopping you from keeping your peacoat worn indoors although that's a rather HK look). When I was in uni, my "hops from home" garment was played by a barbour. Seems to be the thing in the UK, with a gilet added when extra cold. I think the main issue I have with a peacoat versus a blazer is the former should be taken off indoors, exposing a sweater or shirt, which doesn't look quite as put together as a blazer over a sweater or shirt
  16. 1 point
  17. 1 point
    Daim's watch should be the ref. 16200. For many people in the 90's a superlative everyday watch.
  18. 1 point
    Having that paperwork is so cool. Its in rather good condition considering its age. My father first entered the workforce in 1979. He said he made a whopping M$300 a month. A post in 2014 which analyses the retail price growth of a Submariner over time. https://www.ablogtowatch.com/rolex-prices-past-60-years-revealing-analysis/ Would be nice to be able to somehow measure relative affordability of a Rolex model over time. Would probably need inflation data, retail prices, and average wage data over time.
  19. 1 point
    But a solid yellow gold day-date is part of the plan. This two tone is a warm-up to it.
  20. 1 point
    The Bergeon 7825. The proper tool to mount and unmount watch bracelets. Surprisingly expensive, but it is made to the level of, say, surgical equipment.
  21. 1 point
    Jajaja. A very handsome gateway watch indeed. I think the 34mm suits you well, you could even do a 32mm I reckon. This is probably closer to the watch which summited Everest on the wrists of Tenzing/Hillary compared to the “explorer” tagged models. Perhaps if you ever fancy a sports model, you can look into Rolex bubblebacks. Or a Tudor mini sub , both are within this size range. But I think for someone at the pinnacle of their craft such as yourself - a Gold Rolex, or a Rolex Pre-Daytona chrono with a Valjoux 72 movement. Speaks of a man who only needs to answer to himself.
  22. 1 point
    Ref. 6480. 34mm. Hand winding. With an Oyster case i.e. screw in back and screw down crown. Dates from the 1950's. Crumbly lume that no longer functions as lume, case polished 5X, and had five prior owners four of whom are dead. "6" are you happy for me?
  23. 1 point
  24. 1 point
    My bruised thumb. A customer last week put on his trousers, only to find them 2" too short. He looked at me in incredulity. I get looked at in incredulity every now and then. 80% of the time, it's a fuckup by the sewing tailor. There is no such thing as a smart sewing tailor. They are mostly borderline mentally retarded. This is true of coatmakers and even more true of trousermakers. A retarded person always seem to find the wrong way to do things. When confronted with a choice of A or B, where A is right and B not, they would pick B. Nearly always. There was not enough inlay to alter the trousers, so I rebought the cloth, extended the paper pattern by 2", and released it for production. When the replacement trousers were ready, and one hour before the customer's appointment, I checked the length of the trousers. I could not believe my eyes. It's still 2" short. When with the retarded idiot, I kept banging on the table with both hands, which resulted in the bruise.
  25. 1 point
    A preview of pictures to come...