Business Discipline Meets Historical Records. An MBA’s Review of Policy and Facts.
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Would You Want a MARITES in Management and Economics?
Above is a meme I found on Facebook a few days ago. I thought I'd not be writing anything for now. Instead, I was thinking of giving a "sequel" to my Intrigador Financials joke post (read here). I feel the abundance of social media gossipers has given me the motivation to write another joke post. This time, it's the MARITES which means Master in Arts in Relaying Information Through Exaggerated Storytelling. We can all forget about getting a master's degree in economics. Instead, we can pretend that Intrigador Financials has now opened a financial literacy academy. We can start a new school of management with Intrigador Financials. Instead of a Master in Business Administration (MBA) or a Masters of Arts in Economics (MA Econ)--we can imagine having a MARITES graduate school program from none other than Intrigador Financials.
I was thinking about how Intrigador Financials' MARITES program will try to develop financial literacy. Chances are their preferred mode of payment will be cryptocurrency, preferably through Bitcoin and Binance. The MARITES program will promote the following promises if you join them:
Learn how to gamble your way to success.
Learn how to manipulate cryptocurrency and become an overnight billionaire.
Learn how to time the stock market by determining when to panic and sell your bulk-bought bull market stocks.
Learn how to do day-to-day trading and earn money fast through the stock market.
Learn how to reason out why heads of government are always to blame for inflation.
Learn how to enforce cash dole-outs and learn to reason why a PHP 10,000.00 rollout isn't inflationary.
Learn why foreign direct investment (FDI) is bad and why the Philippines should remain in a protectionist economy.
Learn how to effectively market products by Intrigador Financials.
Learn how to play Axie Infinity at beat the other players.
In the end, you can expect to have billions of pesos when you get your MARITES.
What's the course starter kit? Well, above is Charlie Munger beating down fake financial gurus. Yet, you'll probably end up having courses that are written by the missing Ruja Ignatova, the late Gerald Cotten, Tai Lopez (and his garage), and many more. I could imagine Intrigador Financials might even endorse the writings of the late Bernard Madoff and Charles Ponzi (who died decades ago). There are so many fake financial gurus that I don't think I can memorize all their names, except for those who get overly notorious.
Chances are, I think this group (if it exists) will also align with the economist "think tank" IBON Foundation (read more here). I could imagine if we had Sonny Africa (who I refuse to take seriously) or maybe we could have Binance and Mavis Sky as part of the financial program. Maybe Mavis Sky can keep promoting Axie Infinity as a life-changing game. They will try to say that any scheme against them is nothing more than one done by jealous people.
If this program exists, I could imagine people will be buying cryptocurrency instead. For one, it's a lot more logical to buy devalued stocks either through DIY portfolio or through an index fund. One could consider keeping their AXA Chinese Tycoon Fund going or buying more from any feasible index fund. ATRAM has some good index funds. BPI has a good Philippine stock index fund. Metrobank has some good index funds. These stock funds can be useful in taking advantage of the dip. Though, I think Intrigador Financials will prefer cryptocurrency to hide their schemes. Just think about it how cryptocurrency has been used for criminal operations. I'd probably prefer cryptocurrency if I were a crook. It's going to be much harder to trace me that way.
If this financial training program exists--I can imagine it should be either a pyramid scam, a Ponzi scam, or maybe even a combination of both. Getting a MARITES may easily get the first few easy gains. However, Intrigador Financials will soon rob X to pay Y who joins their MARITES program. For me, no thanks. I had my experiences in being scammed. Joining any too good to be true financial guru programs is definitely not in my agenda.
I must confess that I find this new rather hilarious . It's because the word shabu is often associated with drugs. All the while, shabu shabu is a Korean delicacy! Well, I'm going to say that Jollibee Foods Corporation has now become a multinational buyer . Jollibee acquired 70% of Compost Coffee back in 2024 . This year, Jollibee as a multinational corporation is now acquiring Shabu All Day for PHP 5.1 billion pesos. Is Jollibee checkmating South Korea or is the Philippines conquering South Korea not just by OFWs but als through Jollibee? The answer is still no. From GMA News , we can read this article by Jon Viktor D. Cabuenas: Under the deal, Shabu All Day will be consolidated into Jollibee Foods Corp.’s (JFC) financial statements immediately upon completion of the acquisition for a total consideration equivalent to KRW127 billion. Completion of the transaction is subject to closing and financing conditions. The acquisition is expected to lead to a 2% jump in revenues, incre...
PEH.ph Last year, I wrote an article talking about Flor Contemplacion crybabies spreading fake news for 30 years . I noticed that the movie could be watched for free on YouTube (which is one hour and 52 minutes long), and the one that you had to pay for via rent or personal soft copy ( which is two hours and two minutes long). I was looking into the film and realized the "for free" version lacks the exaggerated water dunking and electrocution torture scene, which I believe is available, which is a ten-minute difference. I remember seeing the old version where Flor was tortured by Singaporean police via water dunking and electrocution, to get an answer out of her. The famous line by the late Nora Aunor was, "I did not kill anybody!" It's 31 years, and I don't expect the fake news about Flor to stop just because it's past 30. No, fake news is that hard to kill even in the digital age. It reminds me of the fate of Flor's sons , where one of them, Sandr...
Sometimes, people can confuse frugality with being a miser. I think about a couple of times when I watched Spongebob Squarepants back some time ago and getting irritated at Mr. Krabs. Unfortunately, there are some people who are so obsessed with money (or money comes first) that they end up becoming misers. As I was watching Spongebob while studying to get my bachelor's degree in business administration--I felt that the Krusty Krab model won't work well in real life. I mean, I tend to eat at Jollibee almost daily since I was studying in the University of San Carlos-Main Campus (USC-Main). As I was eating there--I thought would have Tony Tancaktiong build Jollibee as an empire if he was a miser? Mr. Krabs ran his Krusty Krab on a miserly mindset--just one cook and one cashier. Mr. Krabs would even artificially inflate prices just to get more money. In real life, Mr. Krabs should go to jail. Drawing the line between being thrifty and stingy It's often easy to confuse both of ...
I advocate for helping others. I believe in helping others but there were times I overdid it. One time, I gave up so much that I had to be stopped. I was told, "If you gave everything now, how can you help others later?" I would donate some sums here and there, without thinking much. I'm not going to write them all. Some of them left me good while others left a bad taste (and a bad record) for me to endure. Sure, I want to help people but I tend to overlook the consequences. Some of the bad habits I had in the name of helping others are like: Being too generous with buying with credit. Eventually, I lost a lot of money which was never recovered . Some seasoned entrepreneurs may admit their own falls including the credit trap pitfall. Being too willing to give a discount without thinking about how it'd affect profits. Sure, a cheap price can draw people near. However, there are times when the prices of goods and services need to be raised to keep a business running. I ...
It's been some time since I did a food review, right? As of right now, I feel like I've been burdened not taking Hotel & Restaurant Management and chose Business Administration instead. Both departments today are under the School of Business and Economics (SBE) at the University of San Carlos (USC). Having been a fan of almost everything that they can offer to customers--I decided to do some research. I'm not surprised that its owner, Reynaldo B. Villan Sr. aka Bongbong. The timeline from their very own website shares the humble beginnings of Bongbong or Villan Sr. Right now, you can check all their branches here . The humble beginnings of Villan Sr. (I'll use this one instead of Bongbong to avoid confusion with Philippine President, Ferdinand R. Marcos Jr. who goes by that nickname) aren't surprising. I've read how Jollibee was the little bee that could. Tony Tancaktiong wasn't born wealthy and had to face the challenge of foreign food companies. Vill...
