Victims of Record-breaking Rainfall

The total rainfall from "Ondoy" in the first six hours of the storm, which measured 341 millimeters, broke the record for the highest 24-hour rainfall of 334 millimeters in metropolitan Manila recorded by Pagasa in June 1967. - more from GMA News

Holy crap!

After reading that, I feel really sorry for these people, all of whom updated their Facebook status bars:
"What an ordeal! Stranded at the airport for 4 hours."
"wawa kami, stranded sa greenbelt"
"cable TV is out ... can't watch the F1 qualifying race."

Never mind the senior citizens who had to climb up the roof to avoid the rising filthy flood water. Never mind the helpless children who are shivering in the cold. Never mind all of those unimportant victims because the cool, important people want their cable connections back!




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Cutting Losses: An Attempt at Analogy

If you play the stock market and bought a million shares of XYZ Company at 100 pesos per share, then the market price drops to 90 pesos, you instantly lose 10% of your investment if you sell at that price. You'll have to postpone the thought of bringing home that brand new BMW M6 Coupé.

But if all indicators tell you that the stock price will eventually plummet to 5 pesos per share, common sense dictates that you get over the 10% dent, just cut losses and sell immediately.

From that perspective, it's relatively painless to lose 50 million pesos worth of commercials now than 500 million pesos of accumulated expenses on May 2010.

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