Monday, September 27, 2010

The most important criterion

We have heard of 'Location, location and location' when we consider choice of property.What good is a cheap property in terms of price or rental when it does not attract buyers (no demand means no appreciation and likely further depreciation) or tenants because its location does not attract customers.

One evening we parked our car in front of a back row of shops behind the popular hawker centre '777' which enjoys excellent road frontage in Sitiawan. We were surprised to see a sign at a coffee shop advertising for a stall operator and actually offers 'free rental'! How desperate can one be!

I would venture to state that for bankers, it should be 'Honesty, honesty and honesty'. I know banks require all kinds of knowledge and talents but ultimately, honesty is the key to the safeguarding of a bank's assets which comprise mainly customers' deposits and cash.

In the case of political leaders, ultimately it should be 'Loyalty, loyalty and loyalty'. What good is a capable leader whose mind is always on whether it is better to move to another party. But I would qualify loyalty with the exclusion of blind loyalty because it would suggest mindlessness.
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