US can always print money; Defoe can always print joss paper.

David Gregory, moderator of “Meet The Press” on NBC: “Are U.S. treasury bonds still safe to invest in?”

Alan Greenspan, Former Chairman of the Federal Reserve: “Very much so. This is not an issue of credit rating, the United States can pay any debt it has because we can always print money to do that. So, there is zero probability of default.”
Original Link Here.

In the mean time, Defoe Chan, Next Chairman of the Hell Bank: “Very much so. This is not an issue of credit rating, Defoe can pay any debt it has because he can always print joss paper to do that. So, there is zero probability of default.”

Hellbank US can always print money; Defoe can always print joss paper.

Who is stupid enough to buy Defoe’s bond with all your $$$? Contact me immediately, lol.

Thank you! 2011

Thank you for all the greetings guys!

I finally realised my Facebook wall is too restrictive for you guys to post on it. But then I still got all yours’ birthday greetings from all very creative channels and they were so surprising.

Sorry for declining all the invitations these days. I have been busy with EXAMS and I chose to spend my birthday doing SUPER-NERD-PROGRAMING this year with (vaild reasons!).

I have done some rough calculations on my fortune being an accountant, or what they call CPA here in Hong Kong (probably stands for Cheap Poor Accountant). I think I really need to worry about my future. See my excel screenshot below:

2011 07 24 080614 1024x688 Thank you! 2011

This is a Cheap Poor Accountant’s life in a nutshell, finance a flat, get married, produce 2 kids. Ignoring the possibility that he will crash some Mercedes, Audi and Porsche someday in his life. Assuming one gets 24% beta gain on investment per annum (or he sucks as an accountant not being able to invest). Imagine you are 65 now and have HK$90 millions in your bank account, this is not bad at all, boring stable life.

 

However, I am going to tell you this “Defoe’s Junior Accountant Life Is Fucked Up If His Wife Gives Birth To Triplets Theory”. Assume raising up a child cost HK$100,000 a year, this is already very conservative according to “Dr. Lee Lai Shan’s 4 millions a child” theory. If an accountant’s wife give birth to triplets in his early career, he is going to go broke.

According to Hellin’s Law, one gets a triplets at the chance of 1/892 which is about 0.013%. This is a small chance, but it is quite possible that he produced one baby and not satisfied, then he accidentially gets a pair of twins (1.1% chance).

Here is the plot:

2011 07 24 083221 1024x687 Thank you! 2011

The poor accountant’s produced 3 dinosaurs, he couldn’t repay his home loan, the bank took his flat, and his wife slept with another man. He will probably be killed by loan-shark before his 40.

 

Back to the main point, investment is vital to an “accountant template”. Most of the successful accountants I met are very good at investment, most of them get good beta gain. They are pretty good at analysing stocks. All of these people prefer stable good return and low risk. Apart from risk-bearing investment bankers, accountants tend to love beta, while bankers love alpha. I am not saying alpha is better than beta, only that I am more familiar with capturing alpha to get constant 100% annual gain. Here is the plot for a CPA who gets 100% gain on investment instead of 24%, with a small flat, 1 wife and 2 kids.

2011 07 24 093606 1024x685 Thank you! 2011

Quadrillionaire? Whatever, what I am trying to say is that, other than studying for exams, I am trying my very best to develop my trading machine before I start to work for a CPA firm for freaking $28/hour. This involves machine level programing and a lot of testing in datacenter to get trade orders done in less than 15 milliseconds (geeky!) which is faster than most traders. This will guarantee my income in the future, not having to starve like other underpaid accountants. Please forgive me for not showing up for months.

Defoe is looking for partners (Alpha Generation Quants)

I am Defoe, and I am not satisfied with my salaries. I am an algorithmic trader earning my extra bits of livings trading commodity contracts in NYMEX and COMEX with algorithmic trading software I programmed. However, I believe I can earn a lot more together with someone good at alpha generation.

If you are one of the alpha generation quants who aren’t happy with your salaries and bonuses. If you think you can take profits going in and out within milliseconds. Look for me! I want somebody with good alpha knowledge of NYMEX, COMEX, SMX, LME or any other exchanges with very high liquidity and system.

I want to set up a high-frequency trading private equity firm with you, in which

  • I will handle legal and compliance matters, programming the algorithmic trading thing and all the technical challenges to get a decision to transaction finished in milliseconds.
  • You will spot alpha, alpha and more alpha.

This is serious! Warrent Buffet and Bill Gates met too late. Let’s take our turn!

七一我應該留喺班房定上街

下一堂financial reporting 撞正7-1, 阿sir呼譽同學們盡可能返去上堂, 遊行有心就得.
我本來打算帶枝冇嘴嘅長號(i.e. 出唔到聲嘅樂器)去遊行, 但下堂教cash flow + earnings per share, 唔識等如肥硬.

作為半個business人, 半個law人, Defoe 又開始人格分裂.
每一個醒目嘅business student都知, 為了錢途, 不應多嘴論政.
應該攞個英美澳加passport 去lkf求其攬住個人講yo yo yo ABC 係我係我.
每一個醒目嘅law student都知rule of law 同rule by law 有咩分別.
應該攞張XXX律師行冇印職位嘅intern 咭片去lkf求其攬住個人寫call me 攝落人褲袋.

遲啲做咗會計師, 好大機會要出入大陸, 我真係驚講得太多異見會入唔到境, 甚至被失蹤.

究竟我係一個咩人? 我嘅錢途重要, 定係香港嘅前途重要?
七一我應該留喺班房定上街?

我真係想帶枝冇聲樂器出街畀公安拉睇佢告我乜, 之後司法覆核佢.
整次CHAN DEFOE v HKSAR 就好玩囉!

七一我應該留喺班房定上街?

  • 班房 (50%, 1 Votes)
  • 上街 (50%, 1 Votes)

Total Voters: 2

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Omama bin Cockroach killed: Defoe Chan’s speech in full

“Good evening. Tonight, I can report to the Hong Kong people and to the world that Defoe Chan has conducted an operation that killed Omama bin Cockroach, the leader of Al-Flyroach, and a terrorist who’s responsible for freaking out thousands of innocent men, women, and children.

“It was nearly 10 years ago that a bright September day was darkened by the worst attack on the Apple Pies in our history. The images of 9/11 are seared into our terrible memory – hijacked pies cutting through a limited edition September Chicken Burger; the jumbo Coke collapsing to the ground; black pepper billowing up from the satchel; the wreckage of pickles in Cheese Burger, where the actions of heroic toilet cleaner Ronald McDonald saved even more heartbreak and destruction.

“And yet we know that the worst images are those that were unseen to the world. The crawling roachs under the dinner table. Children who were forced to drink up soup with cockroach by their mother or their father. Parents who would never know the feeling of their child’s embrace. Nearly 3,000 girls suffered from nightmare, leaving a gaping hole in our hearts.

“On September 11, 2001, in our time of grief, the Hong Kong people came together. We offered our neighbours a hand, and we offered the victims our sprays. We reaffirmed our ties to each other, and our love of community and toilets. On that day, no matter where we came from, what God we prayed to, or what race or ethnicity we were, we were united as one Anti-insects family.

“We were also united in our resolve to protect our toilet and to bring those who committed this vicious attack to justice. We quickly learned that the 9/11 attacks were carried out by Al-Flyroach – an organisation headed by Omama bin Cockroach, which had openly declared war on the resturants and toilets and was committed to freaking out innocents in our toilet and around the globe. And so we went to war against Al-Flyroach to protect our girlfriends, our friends, and our allies. ”

“Over the last 10 years, thanks to the tireless and heroic work of our domestic helpers and our toilet cleanning professionals, we’ve made great strides in that effort. We’ve disrupted terrorist attacks and strengthened our homeland defence. In Chinese resturants, we removed the dim-sum, which had given bin Cockroach and Al-Flyroach safe haven and support. And around the globe, we worked with our friends and allies to capture or kill scores of Al-Flyroach terrorists, including several who were a part of the 9/11 plot.

“Yet Omama bin Cockroach avoided capture and escaped across the Nathan Road into Fruit Market. Meanwhile, Al-Flyroach continued to operate from along that road and operate through its affiliates across the world.

“And so shortly after taking office, I directed Siu B, the director of the Paparazzi, to make the killing or capture of bin Cockroach the top priority of our war against Al-Flyroach, even as we continued our broader efforts to disrupt, dismantle, and defeat its network.

“Then, last August, after years of painstaking work by our intelligence community, I was briefed on a possible lead to bin Cockroach. It was far from certain, and it took many months to run this thread to ground. I met repeatedly with my kitchen security team as we developed more information about the possibility that we had located bin Cockroach hiding within a compound deep inside of Toilet. And finally, last week, I determined that we had enough intelligence to take action, and authorized an operation to get Omama bin Cockroach and bring him to justice.

“Today, at my direction, Defoe Chan launched a targeted operation against that compound in Toilet, Defoe’s Home. Defoe Chan soloed the operation with extraordinary courage and capability. No geckos were harmed. They took care to avoid gecko casualties. After a firefight, I killed Omama bin Cockroach and took custody of its body.

“For over two decades, bin Cockroach has been Al-Flyroach’s leader and symbol, and has continued to plot attacks against our toilet and our friends and allies. The death of bin Cockroach marks the most significant achievement to date in our toilet cleaner’s effort to defeat Al-Flyroach.

“Yet its death does not mark the end of our effort. There’s no doubt that Al-Flyroach will continue to pursue attacks against our Apple Pies. We must – and we will – remain vigilant at home and abroad.

“As we do, we must also reaffirm that the Defoe Chan is not – and never will be – at war with insects. I’ve made clear, just as my man bush did shortly after 9/11, that our war is not against insects. bin Cockroach was not a insect leader; it was a moth fxxker of insects. Indeed, Al-Flyroach has slaughtered scores of insects in many toilets, including our own. So his demise should be welcomed by all who believe in peace and human dignity.

“Over the years, I’ve repeatedly made clear that we would take action within Toilet if we knew where bin Cockroach was. That is what we’ve done. But it’s important to note that our pest control cooperation with Toilet cleaners helped lead us to bin Cockroach and the compound where it was hiding. Indeed, bin Cockroach had declared war against public toilets as well, and ordered attacks against the public toilet vistors.

“Tonight, I called 999, and my team has also spoken with their Toilet cleaner counterparts. They agree that this is a good and historic day for both of our toilets. And going forward, it is essential that Toilet cleaner continue to join us in the fight against Al-Flyroach and its affiliates.

“The Hong Kong people did not choose this fight. It came to our shores, and started with the senseless intimidation of our girlfriends and good food. After nearly 10 years of service, struggle, and sacrifice, we know well the costs of war. These efforts weigh on me every time I, as Commander-in-Chief, have to sign a letter to a girl that has lost an Apple Pie, or look into the eyes of a girl who’s been gravely freaked out.

“So Hong Kong people understand the costs of war. Yet as a toilet, we will never tolerate our security being threatened, nor stand idly by when our people have been freaked. We will be relentless in defence of our girlfriends and our friends and allies. We will be true to the values that make us who we are. And on nights like this one, we can say to those families who have lost Apple Pies to Al-Flyroach’s terror: Justice has been done.

“Tonight, we give thanks to the countless domestic helpers and toilet cleanning professionals who’ve worked tirelessly to achieve this outcome. The Hong Kong people do not see their work, nor know their names. But tonight, they feel the satisfaction of their work and the result of their pursuit of justice.

“We give thanks for the “Maria”s and “ah jeh”s who carried out this operation, for they exemplify the professionalism, patriotism, and unparalleled courage of those who serve our toilet. And they are part of a generation that has borne the heaviest share of the burden since that September day.

“Finally, let me say to the families who lost Apple Pies on 9/11 that we have never forgotten your loss, nor wavered in our commitment to see that we do whatever it takes to prevent another attack on our shores.

“And tonight, let us think back to the sense of unity that prevailed on 9/11. I know that it has, at times, frayed. Yet today’s achievement is a testament to the greatness of our toilets and the determination of the Hong Kong people.

“The cause of securing our toilets is not complete. But tonight, we are once again reminded that Defoe Chan can do whatever he set his mind to. That is the story of our history, whether it’s the pursuit of prosperity for our people, or the struggle for equality for all our friends; our commitment to stand up for our values abroad, and our sacrifices to make the world a safer place.

“Let us remember that we can do these things not just because of wealth or power, but because of who we are: one toilet, under Lion Rock, indivisible, with liberty and justice for all.

“Thank you. May Apple Pie bless you. And may Apple Pie bless the public toilets of Hong Kong.”

Foe爺殘酷對待動物事件

上個禮拜啱啱考完一個試, 同老婆仔去散吓心.
喺一間$88 一個tea set 嘅僭建餐廳食野, 點知……
好大隻飛曱甴降落咗喺我膊頭!
危急關頭之際, gela 奮不顧身一手撥咗佢落地!
我再加多幾腳將強嫂踩至半死.

其實我會唔會已經犯咗法呢?
Do I deserve a medal for bravery or a criminal title for cruelly beaten the flying cockroach?

香港法例 Cap 169 Prevention of Cruelty to Animals Ordinance s3(1)(a)

Any person who cruelly beats, kicks, ill-treats, over-rides, over-drives, overloads, tortures, infuriates, or terrifies any animal, or causes or procures or, being the owner, permits any animal to be so used, or, by wantonly or unreasonably doing or omitting to do any act, causes any unnecessary suffering or, being the owner, permits any unnecessary suffering to be so caused to any animal shall be liable on summary conviction to a fine of $200000 and to imprisonment for 3 years.

    任何人如殘酷地打、踢、惡待、過度策騎、過度驅趕任何動物或殘酷地使任何動物負荷過重或殘酷地將其折磨、激怒或驚嚇,或導致或促致任何動物被如此使用,或身為任何動物的擁有人而准許該動物被如此使用,或因胡亂或不合理地作出或不作出某種作為而導致任何動物受到任何不必要的痛苦,或身為任何動物的擁有人而准許如此導致該動物受到任何不必要的痛苦一經循簡易程序定罪,可處罰款$200000及監禁3年。

有時有啲野真係唔知啱定錯, 不過我肯定知道gela 有幾愛我, kekeke!

潛水報告2011

潛水已經幾個月, 係時候上水報吓平安.

依幾個月做咗啲咩:

  • 讀QP Conversion, 為會計資格做準備. 一個sem 8 科其實真係幾攞命.
  • 訓咗好多覺~
  • 睇咗超過20公斤各大小金融公司內部文件, 合約, 薪酬制度, 洗腦training大會notes, 產品銷售手法指引等等… 唔知為乜. 但深深體會到金融行業有幾黑暗. 呃人簽啲合約有幾唔公平, 張學友有幾無奈. (幾個月刮咗勁多料, 我有時懷疑自己走入依行係為咗學野定係為咗做commercial spy XD)
  • 拍拖 sweet sweet
  • Update 咗個SC2 hack.
  • 用PC 修改了 xbox手制與xbox 之間嘅訊號, 可以用keyboard, mouse, auto hotkey 玩xbox 屈機. 可惜成本太貴, 唔係我一定量產出去賣.
  • 逃避現實, hack 咗+ 打爆咗好多隻facebook game, 仲有dragon age.
  • 做咗奮青, 當咗立法會錄音係收音機咁聽, 奮恨啲政棍為黨爭而對人不對事, 更激氣啲公務員自私兼冇品.

依幾個月有咩得著?

  • 覺得物質享受, 不及心靈上嘅享受. 一身apple, 一部跑車, 一身名牌, 比唔上貧民災民一世多謝.
  • 一些朋友的努力得到了肯定. Maya is now Dr. Maya!
  • 搵到”自己遺失在這世界上最重要的肋骨”.

不過革命尚未成功, 潛水員仍需努力, 嚟緊幾個月忙啲咩?

  • HK Tax 同Financial Reporting 都預上極多難題
  • 功課每個禮拜一次 wo ai ni…
  • 隔個禮拜考試 wo ai ni…
  • 追台劇醉後決定愛上你
  • 8月先搵工, 入大公司, 職位叫齒輪
  • 諗吓嗰20kg 可唔可以寫份有用嘅JD research paper

各位朋友勿念.

So this is my plan.

Time Allocation Draft per Week: 210 hours (30 x 7)
60 hours work
56 hours sleep
40 hours study
14 hours traveling
5 hours hygiene
5 hours reading
7 hours brunch
2 hours dinner
21 hours for my women, my friends, and the rest.

希望可以無後顧之憂咁去實踐理想.

Defoe Chan Strategic Plan 2011-2014

Mission

Devote to forensic and dispute services profession.

Strategic Enabler Strategy Target
Professionalism Achieve forensic accountant fundamentals, mainly HKICPA. Complete QP conversion programme by the end of 2011. 

Secure a job in an authorised accounting firm with forensic services by the end of 2011.

Complete 2 QP modules by 2012.

Complete 2 more QP modules in 2013.

Complete QP FE in 2014.

Internationally recognised fraud expert. Engaged in fraud investigation related position defined in CFE professional qualifications by 2013.
Complete JD by 2015. 

Complete CFE exams by 2015.

Continue to acquire higher IT qualifications. CISA by 2014. 

20 hours of IT professional development to maintain MACS.

Regional Dispute Resolution Expertise Litigation and Dispute Resolutions expert in APAC. Keep in touch with latest development in Hong Kong and International arbitration, contract law and financial regulations. 30 hours of litigation, arbitration or mediation training per year. 

Make progress to CIArb in 2017.

Expert witness pro. AMAE or higher by the end of 2014.
Language advantage in APAC. Attend toastmaster events once a year. 

Improve Mandarin fluency, flirt a native Chinese in Mandarin by 2012.

Be of High Moral Character Be a man. i.e. to be honest, honourable, compassionate, sophisticated, hardworking, introspective, leading and responsible. Be fair and impartial. 

0 criminal records all time.

0 bans from professional bodies all time.

Donate at least 5% net income to charity every year.

Read news every day.

Work like an ox!

Review my progress every quarter.

Be inspiring, listen carefully to peers, and share my goodness.

Must finish everything promised.

 

男人之苦 之 好女人好累人(二)

依件事我一個人解決唔到.
我諗唔到比理性地去溝通更有效的解決辦法.

我會行出第一步,
4/5 (Wed) 8:00 am 我會將自己想做嘅野, 要用既時間列出.
5/5 (Thu) 7:00 pm 我會喺屋企聆聽屋企人對我嘅訴求.
7/6 (Sat) 12:00 pm 我會聽取女友對我嘅訴求.
7/6 (Sat) 11:00 pm 提出初部解決建議. 到時再討論.

多謝關心, I love my women.