Sunday, October 19, 2008

FINANCE - My Field of Study

I cannot understand why some people said I was forced back to Malaysia in October 1990 because I cannot do engineering courses.Surprise! I do ! When did I take up engineering?....although my physics is quite strong.
The currency crisis 1997 has been a bless to me because since my car crash December 2nd 1990 my mind was brain washed to FORGET EVERYTHING about Canada.BUT I still remember my basics. Whether to peg or de peg a currency, forward market, futures, Options and Swaps.Maybe I did not do well in my Intermediate Managerial Accounting BUT it was just one or two courses. The reason I chose to specialize in Finance was Black Monday crash 1987. I remember on that day and the day after most of my seniors were freaking out and passed out drunk because of the TSE (now TSX)index fell sharply. I never thought that stock market crash would destabilise an economy in such a way. Why does the market passive to reliable information and yet reacted positively to untruth information.....
The recent market crash since the fall of Lehman and AIG to me is another blessing. Thanks to Tim Berners- Lee idea of www. Now I am really revising in depth the mechanisms of Finance and not just remembering what Futures and Options is all about.Or even CDS (in Malaysia CDS refers to Central Depository System and not Credit Default Swap).The calculations of fees on mutual and trust funds versus hedge funds...Its all coming back after 18 years.
By remembering what I learned at Edwards School of Business Saskatchewan has helped me a lot to mentally cure my emotions although the desire to at least obtain a Saskatchewan Certified General Accountant designation is still there. Certainly to get the Certified Management Accountant or Canadian Institute of Chartered Accountants C.A. designation IS NOW beyond my reach.I know I cannot get a good job and I won't get anything for remembering Finance per se BUT these memories which helped me to sooth myself beside reading the Quran and pray 5 times a day.
I have more than 65% confidence in the Minister of Finance, Hon Najib who is an Industrial Economics graduate from Nottingham University UK. Apparently Najib would also be the next Prime Minister of Malaysia in March 2009 God Willing!

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