Nov.03

US Presidential Election 2016 Forecasts

Hillary Clinton v. Donald Trump

The 2016 United States Presidential Election has attracted much attention from around the world, largely due to the Republican Candidate, Donald Trump’s controversial remarks, such as his statements against Hispanics, women, and China, etc. What makes this election even more special is that both candidates are nonconventional in their own ways – Hilary Clinton is the first female major party candidate and Donald Trump has held no political office.

Based in the US, I have been exposed to daily bombardments of election news by the mainstream media, as well as social media posts from my American and non-American friends. Eventually, curiosity got the better of me, and as a Math major, I naturally looked towards the numerical analysis of the election – namely, polls or forecast. I looked at polls by FiveThirtyEight, New York Time’s The Upshot, RealClearPolitics‘, as well as other polls by various universities. I have seen how Clinton’s chance grew from 70% to 90% and then drop to 65%. Most forecasts are based on surveys with both quality and questionable screening criteria but some are based on garbage analysis.

 

Here’re 3 things I learnt from reading various polls:

 

1. Many polls are phone polls and could be biased.

Many pollsters use a random dialer to contact people by randomly dialing someone, most likely on their landlines. Such method of polling could exclude groups of people who don’t often have landlines, and could preclude people who answer the polling calls from revealing their true support for presidential candidate.

 

 

2. Voter turnout is key to winning US Presidential Elections.

The average voter turnout for US Presidential Elections over the recent years is about 60%. This means that about 40% of eligible voters do not vote at all and about 60% of the population decides on the country’s future. Such a number is extremely shocking depending how the US President will choose Supreme Court justice(s), who will interpret constitutional laws that will determine the fabric of US society, negotiate trade deals, and formulate immigration policies.

Those three functions of the President should urge people to go out to vote. In Singapore, the voter turnout is more than 90% – as majority of Singaporeans understand the importance of politics’ impact on a nation’s future. Imagine what electing a Hitler-like demagogue will do to your country.

 

3. US Election resembles a cash game.

A lot of money is needed to win an election. Obama’s election campaign budget was $736.5 million and $759.8 million in the 2012 and 2008 elections respectively. His opponents spent $483 million and $239.6 million respectively. These numbers were provided by Forbes. The trend in the last decade or so is that election campaign budgets combined exceeded $1 billion in general. Of course, not all money raised is spent but the magnitude of the money raised gives us a good idea of how much is spent on ads and personnels to acquire votes.

The is also a good reason why some are extremely concerned and turned off by how US elections become a game of who can raise and spend the most money on ads and staffers. Of course, the amount of money raised may be correlated to the qualities of the candidate so the candidate who wins due to a large war chest may also be the better candidate. This argument may not be so virtuous given the fact that the elected President may be beholden to the big donors.

 

My Forecast

While I cannot vote, to do justice to the post title, I will express my support for a candidate as well. Hillary seems to be the more reasonable of the two. I have faith in the common sense logic of the majority of Americans that I have witnessed firsthand across the United States.

Nevertheless, elections are more often influenced by emotions rather than logic. Donald Trump winning the election is a real possibility too since he has been invoking extreme emotions from his supporters, especially the non-college white working class.

Uncategorized

Sep.10

3 lessons from Singapore General Election 2015

Singapore GE Meme

Singapore GE Meme by A Good Citizen

In the past few days, I have been following election speeches and videos of PAP and Opposition candidates. It’s quite unfortunate that I was unable to be in Singapore during this momentous year of 2015.

But having closely observed 2 general elections, I learnt the following 3 things:

 

1. Quality of the opposition parties is still substandard in general

The policies proposed by the opposition parties in general were mostly populist. Some of the other arguments – such as cutting down our defense budget, giving free monies away, and single mothers being poorer Member of Parliaments – were baseless and dangerous.

Candidates who make such promises should heed the old sages’ advice: we are all smart until we open our mouths. Perhaps keeping quiet might earn them more votes.

 

2. Opposition candidates focus on what is seemingly inadequate but not what they can do

Opposite candidates still go into rallies uttering and focusing on their incomprehensible hatred for the PAP. I get your unhappiness about the status quo. Yes, it’s easy to be unhappy sometimes and it’s our right to expect better. But why as candidates, they don’t proffer their solutions?

While the PAP government has shortcomings, we have many things to thank them for – security, good healthcare and a sound education system. And it’s certainly not politically smart of the opposition to disregard these, especially when the PAP has done a great job in taking care of people’s most fundamental needs – at least the last 3 segments of the Maslow’s pyramid – for the last 50 years.

Maslows' hierarchy of needs

I think the opposition should propose solutions and use rallies to explain their solutions and how they will be better than the existing, rather than just stirring up feelings. Doing so, the opposition will have better odds at winning a seat in Parliament. I hope to see serious policy debates as a main theme in future Singapore General Elections.

 

3. PAP has significantly improved its political salesmanship

I do not believe that the PAP government has been suppressing and disadvantaging Singapore citizens. I think that prior to the general election in 2011, selling policies to Singaporean voters may be a lesser priority. But in the last 4 years, the PAP government has realized a need to regularly reinforce their commitment to Singaporeans – much like parents in the west say “I love you” to their kids daily, Singaporeans need to be constantly reminded of the government’s well intentions.

This time, I am impressed with the efforts of the PAP candidates – from Mr Tharman Shanmugaratnam’s detailed explanation of Singapore’s responsible spending and Mr. K Shanmugam’s inspiring election video to Mr. Lee Hsien Loong’s informal but effective downtown lunch rally.

See the videos for yourself before you go to polls in the next few hours.

Tharman Shanmugaratnam’s detailed explanation of responsible government spending:

K Shanmugam’s campaign video:

https://www.facebook.com/k.shanmugam.page/videos/921565131223351

Lee Hsien Loong’s downtown lunch rally:

Uncategorized

Mar.27

RIP Lee Kuan Yew

For the young, let me tell you the sky has turned brighter. There’s a glorious rainbow that beckons those with the spirit of adventure. And there are rich findings at the end of the rainbow. To the young and to the not-so-old, I say, look at that horizon, follow that rainbow, go ride it.

Lee Kuan Yew 1923 – 2015

Personal

Sep.09

Jan.16

New Year’s Celebration 2014

I have always been fascinated by fire and charmed by fireworks. It was around October of 2013 when I first read about the World Pyro Olympics. On further research, I discovered that it was an international competition held annually in the Philippines, due to the country’s extremely lax fireworks legislation. Every New Year’s Eve celebration, hundreds of people in Manila are injured by the fireworks launched wildly into the air above the densely populated areas. 2013 was a challenging year for me, and so I wanted to spend time in a special place to usher in a brand new year and beginning. So the Philippines, and more specifically Manila, became a natural choice.

What did I see? A good representation of the atmosphere I was in then:

 

Personal

Oct.22

3 Quotes from Paulo Coelho’s “The Alchemist” Explained

I was first introduced to Paulo Coelho’s “The Alchemist” book in middle school by my favorite teacher. I recently had the opportunity to re-read the book. I remembered when I first read it, it had quite an impact on me. It helped me to accept that there are certain things in life for which there is no rational explanation, and it gives me unexplained optimism in life every time I read it.

 

Here’re 3 of my favorite quotes and my interpretations of them:

 

  • When you want something, all the universe conspires in helping you to achieve it.

At first glance, this quote is extremely inspiring but after reading it a few more times, you may find that this may not make much apparent sense because if it doesn’t really account  for the fact that many people fail to get what they want.

I think what this quote means is that if you want to achieve something, there are resources out there that will help you reach your goal. But the underlying assumption of this statement is that you should act to get what you want, and if you do so you will find the right avenues and help that will eventually get you to where you want.

 

  • If someone isn’t what others want them to be, the others become angry. Everyone seems to have a clear idea of how other people should lead their lives, but none about his or her own.

Don’t worry what others think of you. They don’t have a better clue about you than you yourself. Just lead your life the way you deem fit.

 

  • Everything tells me that I am about to make a wrong decision, but making mistakes is just part of life. What does the world want of me? Does it want me to take no risks, to go back to where I came from because I didn’t have the courage to say “yes” to life?

I think what this quote is saying that there’s no guarantee of success in life but there’s no guarantee of failure as well. So we should just pursue our dreams!

 

Paulo Coelho is a big fan of open source books. So you can download and read his book for free here.

Personal

Oct.03

Some of my coolest courses at MIT

Boston Skyline from MIT

The Boston night sky and Charles River view from MIT never failed to invigorate me.

In Spring 2012, I was admitted to MIT and I impulsively asked Amherst College for an educational leave. It turns out that Joseph E. Stiglitz also took educational leave from Amherst to enroll at MIT, so I figured this might not be a bad idea. (although this is not necessarily a good thing, as I encountered administrative issues previously unimaginable to me.)

 

At MIT, I planned to develop my technology and entrepreneurial interests, which I had made certain of through founding and running my own web company in the US, along with my analytical skills and knowledge. Therefore, my courses at MIT were primarily related to business, economics, computer science and statistics, some of which were really cool and special:

 

  • 15.390 New Enterprises

This is the business plan course at MIT. I started class pitching my web business idea to attract team members, while other classmates pitched theirs. The “best ideas” survived. I worked with 2 other masters students on my web business idea and wrote a full blown 80-page business plan by the end of the semester. I learnt about the nitty-gritty details of the business plan, from assessing the total addressable market size to calculating the lifetime value of customers and cost of customer acquisition.

 

The fun parts of the course were not only learning how to write a business plan but also listening to guest speakers who were experienced business people and entrepreneurs talk in depth about the components of a business plan.

 

  • 15.S16 Entrepreneurial Product Development and Marketing

Students had to apply to get into this course, as funding was given to each team accepted to market and develop their product. Moreover, this course was co-taught by Brian Halligan, MIT Sloan alumnus and CEO of HubSpot.

 

From the course, I learnt about the ways and value of inbound marketing and understanding customers and product requirements. I also conducted a product study and interviewed potential customers for my own web product. Occasionally, Brian also went through business cases, including one about Hubspot, and highlighted the importance of ROI to venture capitalists and companies.

 

  • 6.S078 Entrepreneurship Project

This is a new course started by MIT’s Computer Science and Artificial Intelligence (CSAIL) and EECS department in 2013. Again, students needed to apply to get into the course, which grants academic credits to all those working on a entrepreneurial projects, and access to faculty, venture capital advisers, and outside commercial mentors.

 

This course helped people like me to focus and work on our project during the semester without having to worry about academics, because the project became part of school work.

 

  • 6.470 IAP Programming

This class has always been taught over winter break in January by MIT course 6 (computer science) students. (Yeah, MIT students teach courses which students can get credits for.) I paired up with another student and developed a website for people to design their college social experience through finding people in your school who shares your interests.

 

This time, I challenged myself and took on the role of software developer while the other student was web designer. Thanks to the class, I picked up PHP and MySql in a month’s time. This class is definitely for people who are interested in building dynamic websites.

 

Classes I wished I had taken but could not fit into my schedule:

 

  • 6.070J Electronics Project Laboratory

According to the course catalog: Intuition-based introduction to electronics, electronic components and test equipment such as oscilloscopes, meters (voltage, resistance inductance, capacitance, etc.), and signal generators. Emphasizes individual instruction and development of skills, such as soldering, assembly, and troubleshooting. Students design, build, and keep a small electronics project, such as a simple robot, to put their new knowledge into practice.

Personal

Sep.28

Doing business in the Philippines – 5 things you must know

Manila evening skyline from my place

 

I spent a week in the Philippines over the last summer. I toured Manila, visited some friends, and attended the MIT Accelerating Information Technology Innovation’s event held at the University of Philippines Diliman which my friend is co-hosting. The event had some of the smartest Filipino undergraduates and postgraduates in Engineering, Business and other fields presenting their business ideas and plans, which they had worked on for several weeks.

 

The event and trip got me thinking about the economy of Philippines and doing business in the country. Born and raised in Singapore, I knew that choosing English and being western-minded were key to Singapore’s successful transformation from Third to a First World country in less than 40 years, as Western countries then had access to large amount of capital and state-of-the-art technologies and business processes. I noticed that the Philippines, Singapore’s counterpart in Southeast Asia, seems to be as much western-minded and English-speaking as Singapore, maybe even more. Therefore, I could not viscerally accept why Philippines was so much more steeped in poverty. Apparently more than 25% of Filipinos live below the poverty line. Those of you who visited Manila may have observed that they are many homeless people on the streets and have encountered aggressive child beggars.

 

Of course, a country’s economic success cannot depend just on how proficient in English or western-minded its people are. Since the success of businesses is the main driver of the economy of a country,  I am going to share with you the 5 things I think you must know – divided into 3 pros and 2 cons – about doing business in the Philippines:

 

Pros

 

1.   Low labor costs

Philippines’s annual minimum wage is about $1,515 on average in 2012. That’s about 1000% lower than the US average minimum wage of $15,080. High English proficiency and low labor costs are reasons why the Philippines’ business processing outsourcing (BPO) industry is expected to hit $16 Billion in 2013. You can safely assume that most major American company has a BPO unit in the country.

 

2.   Large local consumer market coupled with minimal competition

There are about 106 million people in Philippines and its retail market is worth about $230 Billion. For a good example of the business avenues, see this opportunity map for internet business in the Philippines by Ron Hose.

Philippines Internet Opportunity Map

 

3.   One of the fastest growing economies in Asia

The Philippine economy grew by 7.8% in the first three months of 2013, putting itself just above China’s as one of Asia’s fastest growing economies. According to The Wall Street Journal in August, local demand was the key contributor to the Philippine growth rate.

 

Cons

 

1.   Corruption

According to Transparency International, the Philippines ranked 105 out of 176 countries (the higher the number, the worse) for how corrupt their public sector is perceived to be. In Philippines, politics and big local businesses are widely perceived to be family-controlled.

 

2.   Experienced talent is hard to find

The Philippines faces a huge issue of brain drain. Its largest export is labor. Recruiting experienced talent for your business is tough while not impossible. Many trained professionals, such as engineers and doctors, are often lured overseas with better standards of living and higher paying jobs. But you could alternatively train fresh graduates from top universities in the Philippines and then try to retain them.

 

Hopefully you now have a better idea of doing business in the Philippines. I recommend following up on this post by reading the Philippines Startup Report by Ron Hose, although Ron’s report is more relevant to internet business. If you have any relevant insights or personal experience, please share them.

Business

Mar.31

What is word-of-mouth marketing – 3 must-knows

We think word-of-mouth marketing is best defined as a form of referral marketing where someone recommends another person about a brand or business without standing to gain anything in return.

 

Given that a typical city dweller sees thousands of marketing messages a day, it’s no surprise that people may be overwhelmed with marketing ads and turn to their friends or friends of friends for advice when needing to make a purchase. But how exactly effective is word-of-mouth marketing? Here’re 3 important statistics you should know:

 

1.   65% of new businesses come from word-of-mouth

This means that more than two thirds of your new customers come not from your traditional marketing campaign but from the mouths of your current and returning customers, according to the New York Times. In other words, if you can make your existing customers happy, you are growing your business at the same time.

 

2.   You are 4 times more likely to buy when referred by a friend

This further highlights the great impact of friends and friends of friends as influencers. So the next time you are trying to sell something to someone, if you can convince his or her friend to refer your product or service, your chances of selling to that person increases by 400%, according to Nielson, an information company.

 

3.   There are 2.4 billion brand related talks in the US everyday

This most likely may mean that people like talking about brands, according to the Word of Mouth Marketing Association (WOMMA).  The limiting factor is how do you get people to talk about your brand? Moreover, more than two-thirds of those brand related conversations are mostly positive, and only 8% of those are mostly negative. In other words, once you get people to talk about your brand,  you will mostly get positive referrals. See the infographics by WOMMA.

 

womma-infographics

Womma Infographics

Business

Jul.26

LinkedIn and Craigslist for Everyday Service Needs

If you are reading this, you most probably have heard of LinkedIn and Craigslist. The former is a professional networking site, the latter an online listing for goods and services. Both sites can be used for little to no expense. Imagine now at your service a free site for service networking and listing, the hybrid of LinkedIn and Craigslist if you will. We call this Errund (run an errand) or the service network™.

 

Unlike social or professional networking site, the service network™ is more than connecting with acquaintances, friends, coworkers, and potential business partners. It’s more about connecting with skilled individuals near you, getting reliable and personalized help from them, and offering your services or skills in return to help others in your community. Errund is revolutionizing employment and the global service industry on a human scale, cutting out the need for corporate companies that have more expensive and less personalized services.

 

If you are the average Joe with a skill, it’s time for you to be in the limelight. A full-time accountant but secret painter? Errund is the space to let your secret skills shine and have patrons revel in your glorious masterpiece. Straight out of college and almost flat broke? Offer tutoring or physical training services to earn extra income while crashing at your parents’ house. Errund offers you a platform to take pride in your services and showcase your previously “undiscovered” skills to the world.

 

Every user has a profile displaying their experience, education, rating, and the services they provide. You can browse these profiles, allowing you to connect and do business as a service providerpatron or both. What’s really cool is that the people you do business with become a member of your service network and you become a member of theirs.

 

Moreover, a standout resume with professional or college experience isn’t required to be a part of the service network™. All you require is to offer a skill or service, or to need one. So instead of letting your skills or time go to waste, use Errund to not only make money and take pride in what you can offer, but also save time and get things done properly. Errund helps you connect and socially share your services and service needs with the world and your community.

 

Errund then empowers you with recommendations. Your dog needs to be walked next Tuesday, but you need to be in the office all day? Post this errund and someone reliable near you will walk your dog for you. Say what? That dog walker has a connection with the rocking DJ living near you that has jamming reviews. Perfect! You need a DJ for this weekend’s party. Surf the Errund-sphere and you will find or be recommended the skills and services you need. Think of us as life’s cheat to getting your everyday service needs met and networking with your service providers.

 

Business