Saturday, August 30, 2008

Family wealth doesn't last 3 generations

Family wealth doesn't last 3 generations, a notion that I can only agree subject to conditions because it is a notion that confines within a group of people: East Asians ex-Japan.

Many believe that its a curse of building wealth, the price to pay, and all sort of 'destiny of life' reasons. But they are not the reasons for a family wealth to be gone by the third generation.

The main reason is culture and to be more precise; Confucianism. The basic underlying is that a family wealth should be transferred through the main male lineage and leave the girls out most of the time. Wealth is for the eldest son to take whether he deserves it or not and if the father has a different view and pass it to another son then the eldest son will revolt because the view is already in place that the eldest son should inherit the wealth no matter what. So you can see the potential conflicts over the pennies.

In Japan there are many families whose wealth have been passed on for more than 3 generations and the Japanese are more confucianistic than the Chinese people today. The fact is that a society can subscribe to Confucianism yet cast out the bad or irrelevant parts by today's standards, and also adopt modern or western practice of preserving family wealth through the generations.

The trick is pretty simple actually. Create a trust, put the money into it, governed by a trust deed, controlled by an independent trustee and overseen by the law. This way wealth can be equitably transferred to off springs subject to conditions set in the trust deed. This is why many wealthy families in the west and Japan can last for centuries.

It is only a curse because we refuse to innovate.

Thursday, August 28, 2008

Bluechip Girl: No letting go

I've never thought it would be possible. Never, since she was such a hard nut to crack but over the two years since I knew her I remained loyal to this person for who she is, what she is after, what she stands for, and for just simply being her.

There were many occasions when I would be distracted and communication with her was almost entirely cut off. But she never came off my mind which I still wonder why.

There are many whys but I just don't know why. I've never met in real life and only heard her voice through the phone a couple of times and saw her twice through webcam. The rest was just pure virtual chat communication. In fact I've seen her sister twice for real and I wonder when can I see her for real.

Despite the no-show, I've dreamed of her, yearn for her and sometimes just miss her - someone whom I hardly know for real.

Despite such I am still drawn to her. The feeling is weird and I just don't know how to describe it. Given the chance I would most likely to go head over heels over her, if we are in the same place

But anyway I tried my luck and asked for her hands 'tentatively' and she accepted it with conditions.

Is this real? I am still savoring the moment for the fact that I managed to moved on to her so far.
Yes there are many obstructions but at the very least I can say I am linked to someone who has mesmerized me, so much so that she is just one helluva good bluechip share out there.

No letting go.

Will continue to go on

Since I am so busy I thought whether this blog should continue its existence since after all, updates have been sporadic and far in between.

It is a far cry from the yesteryears when I could blog almost everyday on everything with a good dose of twists and sarcasm. I miss those days when I could dramatize events in my life and stuff I observed.

Pulling in a crowd wasn't a problem back then but that wasn't the my main objective of blogging.
To me blogging is like antidote to surpressed thoughts that otherwise would be difficult to express them out verbally. This is reality where there are parameters that restrict our expression.

This is not something an entirely new phenomenon but just an evolution from the days of pen and paper, AKA diary or journals.

Over the recent years and up to recent times it seems that I've been locked up in a cell called the writer's block. There were so many things to spill out as those years were helluva roller coaster ride for me. But it turned out that I couldn't write it well to express my true feelings and in the end I abandon it altogether save for some irregular, super short and shallow updates.

Although the thought of abandoning the bloggosphere altogether seemed kind of valid but in the end this is where my inner sanctum is. When I can't turn to anyone, the sphere has always been here for me to spill it out.

deranged Generation will go on...

Tuesday, August 5, 2008

Hope she recovers soon

I didn't know how to response when I read the email marked urgent sent by a friend this afternoon. A gal friend has been hospitalized since last night, apparently from meningococcus, which can be life-threatening.

Meningococcus is a form meningitis, and according to wikipedia: Meningococcus is spread through the exchange of saliva and other respiratory secretions during activities like coughing, kissing, and chewing on toys. Though it initially produces with general symptoms like fatigue, it can rapidly progress from fever, headache and neck stiffness to coma and death.

Went off to meet up with a couple of friends at the hospital right after work to visit her but we were denied access because she is in the ICU, and in coma. She can't breathe on her own has to be on life support.

Words spread quickly, to NSW and then Malaysia. Her parents in Malaysia took the next available flight and have arrived not long ago.

Not wanting to let go easily we attempted to go up to the ICU ward but were punctuated by another group of friends who tried their luck to see her but with no avail. Throughout the time in the lobby as we chatted on her condition there were many pauses of uncomfortable silences.

Trying to keep calm was the order although everyone of us felt tensed and worried.

At the moment her conditions are not good.

Taking a cue from Sukah: "phui yean please be strong =( you can get through this "


 
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