[Post 170] Why China's Gen Zs And Millennials Are ‘Quiet Quitting’: The ‘Bai Lan’ Movement | CNA

Summary

This is a short summary regarding the previous "Bai Lan" video

“If my boss asks me to do something, I’ll ask if I can do it tomorrow, or if someone else can do it." That's Chinese youths' ‘bai lan’ mantra of not even trying.

[Post 169] The Rise Of "Quiet Quitting"

Summary

"Quiet quitting" is having a moment. The trend of employees choosing to not go above and beyond their jobs in ways that include refusing to answer emails during evenings or weekends, or skipping extra assignments that fall outside their core duties, is catching on, especially among Gen Zers.

Zaid Khan, 24, an engineer from New York, popularized this trend with his viral Tiktok video in July.

"You are still performing your duties, but you are no longer subscribing to the hustle culture mentally that work has to be our life," Khan says in his video. "The reality is, it's not, and your worth as a person is not defined by your labor."

In the U.S., quiet quitting could also be a backlash to so-called hustle culture — the 24/7 startup grind popularized by figures like Gary Vaynerchuk and others.

"Quiet quitting is an antidote to hustle culture," said Nadia De Ala, founder of Real You Leadership, who "quietly quit" her job about five years ago. "It is almost direct resistance and disruption of hustle culture. And I think it's exciting that more people are doing it."

Last year, the Great Resignation dominated the economic news cycle. Now, during the second half of 2022, it's the quiet quitting trend that's gaining momentum at a time when the rate of U.S. productivity is raising some concern. Data on U.S. worker productivity posted its biggest annual drop in the second quarter.

So, why is this trend on the rise? Watch the video above to learn whether quiet quitting is hurting the U.S. economy and how it's being seen as part of the Great Resignation narrative

[Post 167] I Work 3.5 Days A Week & Make $189,000 A Year | On The Side

Summary

Josh Ellwood, 28, quit his engineering job in 2021 to pursue his side hustles full-time. He realized that if he continued to advance in his traditional career, more of his personal time would be taken away from him. In 2021, Ellwood made about $189,000 from seven streams of income. Now, he works 3.5 days a week, and has made about $167,000 just this year. He lives near Pittsburgh, Pennsylvania with his wife and dog.

[Post 164] The food foot way: John Lui's on-foot food delivery challenge | The Strait Times

Summary

Foodpanda is recruiting more people to deliver food on foot. Over a hot and sweaty afternoon, John Lui sees how easy – or difficult – it is to deliver under his own steam.

[Post 162] Selling Coffee from a HDB flat at ground floor ?!

Summary

Ground Floor Coffee serves drinks typically found in a coffee house but in a whole different setting. Grab your espresso-based drinks and non-coffee beverages right out the window of this ground floor HDB apartment in Pasir Ris.

[Post 161] China’s Slacker Youths: Why They Went From 'Lying Flat' To 'Let It Rot' | Insight

Summary

“Tang Ping” or Lying Flat, was a 2021 movement that rejected the work culture in China. Now, it has morphed into the more extreme “Bai Lan” or Let It Rot. What behind this new phenomenon?

Insight speaks to some Chinese youths who identify themselves as “Bai Lan”. They are opting out of climbing the economic ladder, choosing to put in the bare minimum at work and coasting along. What are the reasons for their despondency?

And will this youth movement affect China’s economic recovery, even as it faces headwinds from COVID lockdowns and a property debt crisis?

[Post 319] How To Calculate The Intrinsic Value Of An Stock In 6 Simple Steps

Please use this guide along with the Intrinsic Value Calculator I have created

This is based on the valuation method "margin of safety" created by Phil Town depicted in his book "Rule One"

1.Find the Earnings Per Share(TTM)

Basically ,Earning Per Share is refer to the net profit of the company divided by the number of outstanding shares.TTM refer to trailing 12 months .

So put together,EPS(TTM) refer to earning per share for the company's last 12 month.This figure can be derived from any stock search in Yahoo Finance under the summary tab(red circle).

Source:Yahoo Finance

*Do note that if the company has negative earnings per share ,it means it's spending is more than it's earning or that the particular company is losing money.In short,if the EPS TTM is negative,we cannot proceed with the calculation of the intrinsic value of the stock.

2.Find the Growth Rate

Basically ,growth rate refer to the change of percentage of the company’s performance.

We will be using the next 5 year (per annum annum) under the growth estimates.This figure can be derived from any stock search in Yahoo Finance under the analysis tab(red circle) and scoll down till the growth estimates table(black circle).

Source:Yahoo Finance

Source:Yahoo Finance

3.Enter The Minimum Rate Of Return

A minimum acceptable rate of return (MARR) is the profit an investor expects to earn as a minimum from a particular investment after taking into account all associated risks and the opportunity cost of making that investment as opposed to other possible ones.

Recommended mimimum rate of return is 15%.

4.Enter Margin Of Safety

According to the investment idea known as the "margin of safety," a stock should only be bought when its market price is much lower than its underlying worth. 

In other terms, the margin of safety is the gap between the market price and your estimate of a stock's fair price/value. 

Buying assets while this disparity is present enables an investment to be made with little downside risk since investors may set a margin of safety in accordance with their own risk preferences.

Recommended Margin Of Safety is 20%-50%

5.Enter P/E ratio

The P/E ratio aids investors in estimating a stock's market value in relation to its earnings. 

The P/E ratio, or price to earnings ratio, demonstrates what the market is ready to pay now for a stock based on its current or projected earnings. 

A high P/E may indicate that a stock's price is excessively high in relation to its earnings. 

On the other hand, a low P/E can suggest that the present stock price is undervalued in comparison to earnings.

This P/E ratio can be derived from any stock search in Yahoo Finance under the summary tab(red circle) for simplicity sake.

6.Enter the Values gathered above In the Intrinsic Value Calculator, then click Calculate

Example as below using figures from Step 1-5(AAPL)

7.Buy when stock price is less than Intrinsic Value Of Stock and sell when Stock price is more than Intrinsic Value Of Stock.

*Do not sell if you do not own any stock(aka shorting!)