• Kenny

On hindsight, this was probably one of the stupidest 'annual meeting' ever held

I have been through corporate budget planning processes. They can be quite uncomfortable. Some of my colleagues used to comment that the numbers keep going up every year, recession or not. The numbers involve an estimation of the revenue opportunity based on current pipeline and their probability of closing. In some cases, shadow revenue is being applied, especially when a huge client is being serviced by a relationship manager, an industry banker and a product specialist from the bank.

This "30-year" plan was charted out in what was supposed to be IJK's annual meeting. Looking back at these targets, this has to be one of the most ridiculous budgets and firm targets ever to be drafted.

It's nice to have big dreams and ambition, but it's more important to keep your feet on the ground.

Also, this "astronomical" plan also serves as a gentle reminder to never listen to dubious people whose credentials and experience are questionable.



Sunday, October 18, 2020

In 1990, a psychologist quoted in the New York Times reported that people “turn on the TV when they feel sad, lonely, upset or worried,...

Sunday, July 26, 2020

Good investors are first and formost by nature: business people. They should be entrepreneurs, owners of businesses or have been placed...

Thursday, July 23, 2020

IB isn't only about late nights & number crunching, but also the toxic & condescending environment one has to put up for many years to come.

Saturday, July 4, 2020

There’s nothing you should regret in life - all the good things that you have today are a result of everything that has happened....

Wednesday, March 4, 2020

Money is the one thing that you can always replace any time or at some point of time in the future - money is just money.

Friday, August 2, 2019

More than three years since I started out, I discovered a new-found respect for the many areas of businesses which are presumably...

Wednesday, December 31, 2003

Learning, knowledge and staying up to date with the news and what's going on in the world is your own personal responsibility. The same...


  • My LinkedIn Page
  • My Twitter
  • Instagram