始终有你

  这是上周六的事情。BCG的PTA面试。太不重视了，因为有了Bain的，这个无非类似。所以面试表现很不好，而我面试的时候感觉还挺良好的。这就是不重视的典型表现。后来我想了想，不是想具体细节，而是动机。我其实不太想去这个实习，这学期太忙了，课程、红会、CFA、Bian可能还有点事情。所以面试前一天还跟人去吃宵夜到1点多。面试心态太放松了，需要的紧张和警觉都没有。
  性格决定命运啊，不想要的就别要，要了也要不到，要到了也没用。
  性格决定命运的还有一件事，红会招新面试，我身份转换，成了面试官。很突出的感觉是，面试别人的时候，3分钟就能确定你想不想要这个人。那种整体的印象非常重要，这种印象与简历无关，有的人经历很少，但你就是觉得他／她有能力，适合这个工作。这个东西没法练，气质的东西最没谱了。所以啥气质，可能导向你最终找到什么工作，至少在影响你。除非伪装的特别好，能骗过慧眼的面试官。
  很可惜，最后骗不了自己。

  如果成绩和成就没有人与之分享，也就变得无所谓了。当“为了什么”这样的问题被提出的时候，无非是为了自己，为了家人、朋友、爱人，为了全人类。造福大众这种伟大理想我暂时没有落实到我现在做的事上，所以没有使命感，没有申请入党。为了自己吧，也就是心理成就感和钱。心理成就感是希望得到人的承认，钱是希望得到物质的承认，进而得到人的承认（这里的人包括自己）。所以幸福感是一个很重要的指标。
  不对的是无所谓的活着的吧？即使无欲无求，也应该向“无所谓的活着”这个方向努力，认真地无所谓的活着。超脱就真超脱，别拿古人来保护自己。奋斗就真奋斗，这年头创业、赚钱，挺真诚的。当然现在做“纯”的人比较难，据说很多人在挣扎，或不知不觉的try to balance。在某些范围是不矛盾的。"超脱的奋斗"，还不错的词。
  我写什么呢？

  两个人的新专辑（《谁动了我的琴弦》、《皇后与梦想》）都听了，喜欢周笔畅的。
  昭然若揭我一直不屑李宇春。但这里我要说，她的这张专辑让我改变了一些看法。歌曲选的很好，张亚东的编曲不错，弥补和偷换概念了许多地方，让人听起来挺舒服，没觉得李宇春的唱功和高音的欠缺有致命的影响。感觉挺好，我这两天一直在听。感觉李宇春挺唱的真诚，唱功不好又怎么样呢？挺认真唱，又有好的制作人，又有忠诚歌迷，其实做个小众歌手也不错。我没讽刺，认真的。
  周笔畅的专辑就让我惊喜了，这年头，很少出耐听的专辑，周笔畅算一个，陈绮真的《华丽的冒险》算一个。周笔畅的声音辨识度特别高，你一听就知道是她唱的，节奏感特别好，有的歌舒服，有的带劲。R&B的不错。
  李宇春的专辑制作好于声音，周笔畅的专辑声音好于制作。当然后者制作的也不错。如果我要去买CD，我会买周笔畅的。
  另外李宇春的专辑内页的照片，咧嘴大笑的那个，挺好看的，笑的多好啊！
  期待张靓颖的新专辑，攒钱好长时间了。

    好久以前就喜欢的歌。今天，印象深的歌词变成：“我所有的就在眼前／却快离我好远／从此你离我好远／我舍不得眨眼说再见”

舍不得说再见

  以前老爸老妈说我花钱很快。当时没什么概念，这一个月深刻而明显的感到钱从手中蒸发的灼烧。
  报名12月CFA，1120美元。CFA计算器，¥360。CFA辅导书，¥160。
  跟红会阜阳帮买了轮滑鞋隔三岔五刷刷，¥400。
  游泳1次7块，若干次。游泳镜、裤、帽，共¥80。
  阜阳帮去后海玩1次，还负担了scj的财务，又若干。
  必胜客1次，逛超市调查难免身陷其中，刷卡若干，打车若干。
  给老师买橄榄油（3人AA），请人吃饭，买CD，等等等等。
  真是还没挣钱就会花了，一万多块钱瞬间消失。我的理财意识怎么这么差，还是学钱的，全应用到别人身上了，唉。

谁能够快乐又不快乐，痛苦又不痛苦，悲伤又微笑，前进又迟疑，乐观又厌世，超脱又世俗？
听风的速度，享受静下来的瞬间。
谁能够嘹亮的唱，低沉的想，绝望的呼喊，缄默的努力？
说过的话被时间推翻，你还相信吗？能勉强吗？能原谅？
状态。这是一种状态。
有什么放不下，有什么可以放下？昙花。流沙。
再次犹豫。
我可以一直跑，一直游，一直向前，不勉强，就是不忍回头看。
看了，就忍不住。

  上周开始小学期，但很少去上课。以前实习的某咨询公司（很久以前）终于找到我，掸掸灰，要我去干活。内容就是做调查。调查的范围是酸奶、奶酪、葡萄酒、早餐麦片、酱油、橄榄油、黄油。
  超市是不让做这件事的，开始有点心虚。后来就越发嚣张，直接记（手机和记事本），运气是没有被发现。走了5家超市，看同类型的产品，也难免发现一些以前不注意的东西。
  相对于奶酪和黄油，酸奶的货架明显多出好几倍，种类繁多。蒙牛、伊利、光明、三元都是market share挺大的品牌，最多的种类达到30、40种。奶酪方面，法国的百吉福占的比例很高，中国的是光明。黄油就更少了，品牌散，占货架也少。橄榄油几乎全部是进口的，国内厂家就1，2个，还是国外的油运进来在国内装。酱油中国品牌一统江山，上百的品牌铺天盖地。葡萄酒差不多就1.5:1(Local:Imported)了，而且一般是国产、进口分开放。国外牌子太多，咱不懂这高级玩意。
  做这么基础的工作也是必修课，修够了...

   我把这首歌送给一个人。我知道是很少来的，希望能拨动一根弦。如果认为是你，那就是你。

你的背包

歌手：陈奕迅
专辑：special thanks so..

作词:林夕作曲:蔡政编曲:jim lee

一九九五年我们在机场的车站
你借我而我不想归还
那个背包载满记念品和患难
还有摩擦留下的图案

你的背包背到现在还没烂
却成为我身体另一半
千金不换它已熟悉我的汗
它是我肩膀上的指环

背了六年半
我每一天陪它上班
你借我我就为你保管
我的朋友都说它旧的很好看
遗憾是它已与你无关

你的背包让我走的好缓慢
总有一天陪着我腐烂
你的背包对我沉重的审判
借了东西为什么不还

AUGUST 28, 2006
News Analysis
By Marc Hogan
Buyback Binge: Bane or Boon?
Key word：股票回购
•    Reduce the number of shares outstanding, improving earnings per share. (EPS can be misleading)
•    Absorb excess shares created when employees exercise stock options.
•    Repurchased shares end up back in a company's vault as treasury shares. Many companies will eventually put this wealth to use in M&A activity
•    Companies repurchase shares as a way of delivering increased value to shareholders,
•    Buybacks may also bump the price of stocks higher, if only in the short term. (As the supply of shares decreases, the demand should remain steady.)
•    Unlikely to change a stock's direction over the long term.

S&P 500 companies snapped up their own stock at record levels in the second quarter. What does the repurchase rush mean for investors?

Buybacks are back with a bang on Wall Street. According to Standard & Poor's, companies in the S&P 500 index repurchased a record 5 billion of their own shares in the second quarter, up 43% from 2005 and 175% from 2004. The wave of stock buybacks could boost per-share earnings at a time when corporate profits are hard-pressed to keep up their recent double-digit gains.

Oil giant Exxon Mobil (XOM) led the S&P 500 in buyback activity during the second quarter, plowing .6 billion into its own shares. Not far behind were Procter & Gamble (PG) and Time Warner (TWX). Microsoft (MSFT) recently made headlines when it bought back .8 billion of its shares, and set a billion tender offer to snap up even more (see BusinessWeek.com, 7/21/06, "Microsoft Buyback: Should You Bite?"). On Aug. 25, Home Depot (HD) tooled up to make an additional .5 billion in stock buybacks, raising its total repurchase authorization to .5 billion.

For investors, the buyback boom means it's especially important to look beyond per-share earnings when evaluating a company's quarterly performance, analysts say. It might also be a reason to pay more attention to M&A prospects. However, buyback watchers don't expect companies to repeat the mistakes of the late-1990s rash of repurchases, which came back to haunt some stocks after the bull market went bust.

Share repurchases have risen as investors push for companies to put their growing cash hoards to use (see BusinessWeek, 4/17/06, "Blue-Chip Blues"). Buybacks reduce the number of shares outstanding, improving earnings per share. They also absorb excess shares created when employees exercise stock options.

NOTE TO SHAREHOLDERS.  The phenomenon probably isn't going away anytime soon, analysts say. "Buybacks are going to increase as long as the corporate bond market lets them," says Brian Reynolds, chief market strategist at MS Howells. Companies sometimes turn to the bond market to fill the tank with extra cash for repurchases.

Also, a buyback is typically safer for a company than paying a dividend in case earnings should nosedive. "A company can easily raise and lower a share repurchase program," says Jim Clark, an analyst at Sound Shore Management who acts as a sub-advisor for New Covenant Funds. "Doing so with a dividend is much more difficult."

Trouble is, the boost buybacks give to per-share earnings can be misleading. "Investors need to look at the numbers and do a bit more math than sometimes they're given," says Howard Silverblatt, S&P's senior index analyst. For instance, a share might be appropriately valued at 18 times earnings. However, the same share could be overpriced at 18 times an EPS figure inflated by reduced share count.

Lowering the number of outstanding shares through buybacks may also bump the price of stocks higher, if only in the short term, some analysts say. The reason is simple economics: As the supply of shares decreases, the demand should remain steady.

QUESTIONING PRIORITIES.  In fact, buybacks may be helping to hold up the market as consumer spending winds down, according to David Rosenberg, North American economist for Merrill Lynch (MER). "This is where the 'baton' is being handed off—from the consumer to the shareholder," Rosenberg says in an Aug. 25 report.

Repurchased shares end up back in a company's vault as treasury shares. Many companies will eventually put this wealth to use in M&A activity, says S&P's Silverblatt. So investors should be assessing management's track record at making and executing deals. Silverblatt explains, "It's not how good you are at making widgets, but how good you are at putting companies together."

Meanwhile, the dollar amount of stock buybacks in the second quarter was about equivalent to capital expenditures, according to S&P. This trend raises questions about corporate executives' priorities, some analysts say. "If they can't find anything to do with their money, it makes me wonder what these guys are doing," says Barry Ritholtz, chief market strategist at Ritholtz Research & Analytics. "You would think if you're that flush you would be pouring it into R&D and trying to come up with the next iPod."

Still, companies are snapping up their own stocks for different reasons than in past eras. Buybacks surged in the late 1990s, too, peaking in 2000 at 2.6 billion, according to Merrill Lynch estimates. In those days, many companies repurchased shares primarily to offset the dilution of stock created by stock options, analysts say. Other outfits announced buybacks in hopes of buoying their share prices (see BusinessWeek.com, 9/23/02, "The Buyback Boomerang").

NO LONG-TERM EFFECT.  Most companies today repurchase shares as a way of delivering increased value to shareholders, according to Charles Plohn Jr., managing director and head of Merrill Lynch's special equity transactions group, which specializes in buybacks. "It just seems to be a more rational process at this point," Plohn says. "The fact that we're seeing fewer companies than in the late '90s make the announcements indicates a shakeout from those companies who were implementing them for the wrong reasons."

Further, though buybacks may give shares a quick pick-me-up, they're unlikely to change a stock's direction over the long term. "The price is going to go up or down with or without an open-market buyback program in place," says Plohn, who has followed this area for about three decades.

The repurchase rush may not overturn the entire investing landscape, but it signals that many blue-chips are finding the most appealing place to put their profits is right back into their own shares. Increasingly, investors will want to keep buybacks in mind as they consider which stocks are worth buying—and selling—in the first place.

被will点名，5月13日的事情，现在才看见……

１０＋１＋５游戏玩法：
10：请列出10样最想做的事情（短期长期均可）
＋１：被点名人士除了要回答别人的问题，还要在最后出多1条问题。
＋５： +5个朋友仔，顺道去他们的space留言，告诉他们被点名了。

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１０:　请列出10样最想做的事情（短期／长期均可）

1.    以下9件事都能做成

2.    第一件事情可以做成

3.    身材再好一点

4.    工作是自己喜欢的，充实快乐的

5.    老婆是互相喜欢

6.    能在以后的生活中感到朋友在身边

7.    享受生活

8.    周游世界，太空更好

9.    经受一些苦难

10.精通一件事情

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 ＋１：在自己的ｓｐａｃｅ上回答完如下１０题后，删除自己最不喜欢的一条，再添加自己的问题一条。

Ｑ１： 如何在心情低落的时候恢复积极呢?　
   答： 找朋友说

Ｑ２：你心目中的理想伴侣是什么样的？（要提出标准哦）
　答：在我遇见以后，她就成了标准

Ｑ３：相比两年前,自己有什么变化?　
   答：成熟了，学会害怕一些事情，不怕一些事情
Ｑ４：别人难过的时候，你会怎么做？

　答：情况复杂，没什么意义的问题

Ｑ5：你有没有过厌恶自己的时候？为了什么？
　答：有，站上体重计的时候

Ｑ6：你希望怎样的过这辈子？
　答：勇敢和快乐

Ｑ7：如果时光倒流会你刚入大学的时候，你最想改变的一件事是什么？
　答：我对学习太看中的态度

Ｑ8：你觉得时间真的能冲淡一切吗?
　答：能

Ｑ9：上一次哭是什么时候...为什么....
   答：看见卡若拉雪山。没为什么，不过你看一下就会了解一些原因

Q10：你现在最想实现的愿望是什么？ 

   答：理解古典音乐

就这10个吧。GXG，暗夜精灵，班班，沙丁猫，小苗