Group Photo with MMU's Organising Committee for the Seminar of " Price Hike Phenomena"
Speech discussing about factors of oil price hike vis-a-vis personal experience in wood panel price fluctuation in past 15 years.
Similarity of factors of price hike for oil and wood industry :
1. shortage of supply of natural resources ie. commodity ;
2. increase demand due to continuity of growing of world and regional population and industralisation;
3. supply side industry associations' price speculation;
4. trader, importer speculation;
5. end-user speculation;
6. price goes up shall come down ; comes down shall go up ( I predicted price would come back to USD110/barrel when people says it would touch USD180-200 when the price was hitting USD145/barrel. I was not sure if I was just lucky enough to think differently. Indeed , it came down to USD117-USD127 in the same week when I delivered the speech to the International Business students in MMU on 27/8/08
Advices :
- the world is always with 80 : 20 rules
- 20 leads the 80;
- be the 20 if given the capability in independant thought and think differently when there is an general crisis
- 80 talks the same thing but 20 think differently and act reverse to find way get out from controversial and even create opportunity
- be the 5% if you really can. Microsoft, Wall Mart, Google are in 2-5% category which lead the world. They think differently, says differently, act differently.
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