「Cup Sir」講開「陰陽」，筆者不自量力寫番一篇，同時藉此「中和」一下前文的陰氣。
天地有陰陽兩極，陰陽相調，本是最自然的事，男女成家立室，亦是乎合大自然的定律。本身陰(Yin)/陽(Yang)是自然的兩極屬性，沒有好壞之別。然而，一些陰陽怪氣的意識能量則有點兒非自然，非男非女，古時宮廷太監多屬此類，而歷史中多數太監為害多於有利社會(少數有功德的例子可能是鄭和)。
陰陽怪氣不只局限於性別的取向，廣泛的定義擴大至「個人風骨」、「正義感」、「責任感」、「氣度」等因素。正常男女的言行舉止會乎合自己的屬性。相反，陰陽怪氣之士的舉動會搞到別人「毛管動」或對其予以「鄙視」，不少更以「小人之道」動亂公安，唯恐天下不亂。
若然社會積累太多的陰陽怪氣，將會等同妖怪(披著衣冠)當道，亡國之日不遠矣。君不見歷史不少朝代的敗亡都是離不開宦官之患，例子有秦、東漢、唐、明等等。
然而，天理循環，因果自有報業，因此長遠來說孤魂野鬼逃不開輪迴、妖人逃不開天網恢恢。甚麼旁門左道大路小路都是令人受苦，唯有多行善走正道才能今人修成正果。
「善有善報，惡有惡報，不是不報，只是時辰未到」
9 則留言:
太監身世可憐啊!
Hi, Albert, I am your long term reader and I appreciate your in-depth analysis and independent thinking very much.
I am currently working in a fund house and I would like to ask you some questions:
1. How long does it normally take
for one to study a company?
2. Is it a must to put in all the
statement figures and notes
into the spreadsheet before
doing the analysis? If not,
what is the resonable amount of
content to put in ?
( I found it rather time
consuming to put in the
details of the notes into the
spreedsheet)
3. Can one forecast the financial
performance of a company
without meeting the management?
Thank you in advance for your reply
CKM兄:
對! 太監某程度是封建制度的受害者，不過做壞事始終是事實。
Little boy:
To be frank, I am not a workaholic person, see if the following lazy sharings could answer your question:
1) A hard-to-answer question, to be frank. For first time coverage, you may want to understand the industry, business model as well as fundamental outlook. Afterward, you may simply do the maintenance analysis regularly, or any ad-hoc adjustment along to macro-factor changes.
2) It should be a good thing to have a feeling on the P/L statement, financial strength and free cash flow. In Chinese medicine, we have a term "望聞問切".
Quick way may rely on sell-side reports, however I can say many traps associated with these reports. Well, I may say a buy-side analyst should take time before mastering the "Art of Reading reports".
3) Another tricky question. Logic may suggest "Company Visit" could let you understand more about a company, but this may not be the case, especially for those newly-listed companies without sound track records.
This is the reason I am very cautious on small-to-mid caps of "New Business Model", "Revolutionary Technology", "Theme matching the big trend". Besides, top managements from cyclicals or commodity stocks have limited visibility about the future earnings, simply because they can't control the macro-factors.
太監身世可憐, 但是亦有不少人自甘作為太監.
Cup Sir:
對! 好多野非自願是做不來的，尤其是現今的世代
在我來說，眾生平等，極陰也好、極陽也好、陰中有陽、陽中有陰、太監也好，現今的人妖也好，每個人都是一樣的。
太監亂朝，主要是利慾加上有這個機會之過，即使不是太監，在皇帝身邊的女人，又或者是皇親國戚，甚或是皇帝自己，也會亂朝及亡國。
我也相信因果，許多事冥冥中自有安排，做好自己本份之餘，應該執著的固然會執著，一些事情也開始學習怎樣去放開。
現今社會的陰陽怪氣，風氣之過、教育之過、激素食物之過......
不少人，即使是外表是剛強，實際內里遇事畏畏縮縮，逃避責任。父不父、母不母、夫不夫、妻不妻、子不子...
我也希望可以在這個社會中尋回昔日那份道義、承擔及風骨丫。
Seasons:
對，就是這份自然的平衡，各司所職，各按本份做事......
失道而後有德，失德而後有仁，失仁而後有義，失義而後有禮，夫禮者，忠信之薄，而亂之首先。
人法地，地法天，天法道，道法自然。
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