Vietnamese “ao tu than”
The Vietnamese “ao dai” is considered to be iconic for the country of Vietnam. However, there are some that would argue that the Vietnamese long dress has not been in existence long enough to be the country’s symbolic dress when it comes to traditional clothing. Those who feel that way are the ones to believe that the spotlight should be on the Vietnamese “ao tu than” instead.
The “ao tu than” is similar to the “ao dai” in that both are tunics that tend to flow. However, the “ao tu than” is not meant to be worn with a pair of silk pants. Instead, it is to be worn with a long skirt.
A direct translation of “ao tu than” is a dress with four parts. The first layer to be worn when wearing the “ao tu than” is a top that pretty much looks like the present day halter top. Then on top of that, the woman would wear a jacket with flaps. The back of the jacket is a single flap that closely resembles the backside of the “ao dai”. Meanwhile, the front of the jacket is made of two flaps that are often tied together into a knot.
The “ao tu than” has been said to exist since the 12th century in Vietnam. Back then, the dress was mainly worn by peasants. Therefore, the dress was commonly seen in plain and neutral colors like black and brown. These days, the “ao tu than” is no longer plain and neutral. Instead, the dress is often seen in colorful fabrics.
Jessica Biel and Justin Timberlake just got married
Congratulations are in order for one of the world's most beautiful couples, Justin Timberlake and his new bride, Jessica Biel! That's right: J.T. and Jessica just tied the knot. These two make such a gorgeous pair, and I cannot wait to see the wedding photos. I can't imagine any celebrity bride this year even coming close to Jessica (maybe Blake Lively, but I still think Jessica would win).
Apparently, Justin and Jessica managed to keep their wedding pretty private. Tabloids did report that it would happen, probably this week, but no one had the real inside scoop. Kudos to this celeb couple for pulling off a great ceremony without the pesky paparazzi!
When I first heard that Jessica Biel and Justin Timberlake were finally engaged (after years of on and off-again dating), I actually thought they'd go for a huge ceremony somewhere in the U.S. I thought very wrong: This couple opted for one of the most romantic places on Earth for their destination wedding, Southern Italy. One report says the couple knew that this was the perfect place to say their "I dos," and they actually made the decision earlier this year after a vacation there.
How did Jessica Biel and J.T. pull off their super secret wedding? According to People magazine, they decided not to tell their invited guests the location of the ceremony "until the last minute." How exciting! Did they just get on a private plane with no idea of the destination?! People, by the way, promises to have "exclusive" wedding details in an upcoming print issue, so we can expect to see the wedding photos emerge soon, I suspect. I can't wait to see Jessica Biel's wedding gown!
Weak earnings report from Microsoft
I had to talk about Microsoft stock this week as it is one of the more talked about ones along with apple, and Google. All three of these tech stocks had common themes with Apple and Google coming off the worst. The good thing is that investors are still bullish about the latter stocks.
As for Microsoft, the stock fell three percent and this negatively impacted the Dow as it is one of the giants of the index. Two other giants - McDonald's and General Electric - also had disappointing earnings reports.
Microsoft's net income has gone down 22 percent with PC sales falling and the European debt crisis affecting the Seattle, WA firm's global revenues.
The sales of the Xbox 360 as of late have been a disappointment for Microsoft and they need a new game console really badly. This makes the release of Windows 8 on Friday all the more important. Analysts have reduced their earnings forecast for Microsoft for next quarter and the success of Windows 8 will determine the trajectory of the company's stock price.
Another one to look out for is the Microsoft Surface tablet that Microsoft is banking on to regain lost market share. .
The Surface has become a necessity for Microsoft because Apple's iPad has penetrated the PC market that Microsoft has a hegemony in. Small businesses are increasingly using the safe and light iPads instead of the heavy, virus-prone PCs.
Microsoft can really make a comeback with Surface as its Windows OS and Microsoft Office software are so widely used in global commerce.
Valuation
If you're going to be good at picking stocks and investments, you need to be well grounded in valuation. It is not just important to be familiar with terms like ‘burn rate’ and 'pre-money valuation.' An investor will always have an edge if he or she can do a sensitivity analysis and prepare a cash flow statement forecast.
One thing to remember about valuation is that it is not a hard science. Two people can pick up the same valuation method say Discounted Cash Flow (DCF) analysis and use the same assumptions and end up with wildly different valuations.
The main idea in business valuation is to determine capital needs and present a story to potential investors. In the case of stock valuation, an investor is trying to decide whether to buy a stock or not based on his or her investment needs.
When you've done your homework and have had a good understanding of a company's valuation, stock downturns like what we see with Apple and Google will not deter you from investing in great companies that still have a lot of promise.
Valuation is a skill that can be mastered over time. I really think it is the bread and butter of investments and so I dedicated a whole post on it on Investment Talk. Reading a lot of the posts on this blog will give you a good background in valuation and I hope to discuss further intricacies such as revenue models and other things that go into financial models.
There are plenty of high-paying jobs for valuation experts. Get to work and learn how to model rent expense and present operating expenses. It will be well worth your time!
Yahoo making good moves
Yahoo has been much ignored by the media and Wall Street which seems to favor Microsoft, Apple, Google and Facebook among others. But I am here to tell you that techies are expecting big things from Yahoo in 2013.
Yahoo was also negatively impacted after the Google earnings report and its stock shed 1.5 percent. This was still a far cry from the 8 percent that Google stock shed.
This post comes at a time when the Internet company is due to release its Q3 earnings after the stock market closes on Monday. Yahoo's most impressive move for me personally was the hiring of Marissa Mayer as President and CEO. She was a big talent at Google and also a Stanford grad. However, she has had her first child and investors are worried that this could impact her performance. I doubt it will!
Still, she has managed to hire Henrique de Castro (former top advertising executive at Google) to be Yahoo's COO starting from early next year. Yahoo is going to be spending top dollar on its employees and it hopes to follow a strategy similar to Google.
The company stock has not been doing well and this could be attributed to Yahoo not being bought by Microsoft back in 2008 for $47.5 billion. Yahoo has 700 million monthly visitors and it will need to step up its game in the online ad revenues which it is losing to Google and Facebook.
Yahoo really doesn't have to change much. It has a pile of cash and $5 billion in annual revenue. Moreover, the Internet company has almost no debt. So all Yahoo has to do are some minor cosmetic changes and for its products and services to have better focus.
I am pretty bullish about Yahoo stock in 2013 and this is definitely a good time to buy. The Internet giant has also seen significant growth in Yahoo Japan which is co-owned with Softbank Corp.
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