https://www.facebook.com/tonyfernandes. "
We just broke a world record. 650 thousand flights sold in 24 hrs."
Wow, what a world record...it is a brilliant idea to sell tickets forward but collect the full amount now. The value earned is the present value of the future ticket price and the discount factor is borrowing rate rather then interest savings rate.
The killer is when you make changes for your ticket. RM50 and the new and existing ticket price difference will be charged. The all-in costs after the changes may cost more than MAS ticket.
There are a lot of business ideas or strategies waiting for the right person to implement it at the right time. In the trading industry especially, it is not how good you know the bull or bear market is coming, it is when you implement the entry and exit strategy that make you a winner. Trading derivatives such as futures required a reasonably accurate timing for entry and exit. Otherwise, interim volatility of the contract will wipe out your margin deposit before it reaches your targeted price.
Despite the fact that people with high I.Q. may have certain degree of advantage in doing business due to the high I.Q. and thus should make less mistake. However, I believe that many of the very successful people are not Mensa members. Instead, they are mostly very ordinary people. Their success proved one thing i.e. high I.Q. need not be a prerequisite for success in life. However, we should dream big, draw a good plan, focus, and just do it.
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