Tuesday, September 25, 2012

Legacy

I read with great interest the latest blog post by etheorist here. The blogger wrote about the fixation many of us have with the accumulation of wealth and went on, wistfully, to reflect on the implications of this wealth-fixation of ours. The blogger raised much food for thought (if we have time for that).

I also read, with sadness, the Obituary of Datuk Khoo Eng Choo. Datuk Khoo was the leader of PriceWaterhouseCoopers in the 1990s together with YM Raja Arshad.

I didn't know Datuk Khoo personally nor have I ever worked with him.

The anecdotal information that I have suggests that Datuk Khoo and his team built the old PWC from the foundation and legacy left by the late Jaafar Hussein who had moved on to helm the Malayan Banking group and, later, became the Bank Negara Governor.

Datuk Khoo and Raja Arshad and the team they had built PWC's reputation and sealed its dominance of the accounting profession in Malaysia. 

To acquire market leadership in any field, in any market jurisdiction, requires great skill, care, industry and foresight. By all accounts Datuk Khoo had these qualities in abundance.

As any great leader will attest, the path to success is littered with injured egos and perceived unfair treatment by team members who were found wanting. I am certain that Datuk Khoo who is said to have possessed Napoleonesque qualities has his fair share of detractors.

This should not cloud his legacy and the achievements of the team that he led at PWC in the 1990s.

I hope that those who worked beside him will not consign him and his work to ignominy. 

Where etheorist's blog post and the matter of Datuk Khoo's legacy merges in my mind is the issue of what types of goals and values that we should have and what we want our offspring and successors to embrace.

I wish to hazard a proposition that perhaps a life well lived should, ideally, leave a zero sum legacy where people will say that in our lifetime we did not leave the world worse off that when we first arrived.

I would hazard a corollary proposition that if we were to be excessively exuberant during our lifetime, that excessive exuberance led to an improvement to the world that we lived in.

For, if we left the world a worse off place than it was when we first arrived, we would have committed a crime, or, as the people of faith calls it, a sin.

So, picking up on etheorist's thread, our industriousness in wealth accumulation should lead us to acquire and enjoy a comfortable and reasonable luxurious life of happiness and when the time comes for us to depart, we should only leave behind enough for our children to receive a decent education and an adequate stipend for them to get started on their life's journey.

Anything exceeding that should be bequeathed for the betterment of the community.

Those, I believe, are reasonable goals and values for each of us. 

3 comments:

walla said...

Indeed, a noble thought but two questions arise. How big the stipend and where to bequeath the rest.

For Gates, Buffett and Li, the size of the stipend could easily be something to the power of ten, preferably in renminbi.

One suspects the rest of humanity will not be able to come even close to the power of four which these days of inflation will dissolve in a matter of months, hardly enough to get started in life, especially after a quick look at prices of roofs.

Therefore the donor group will be small in number on their retirement or expiry which means the charity will have to be limited in distribution in order to achieve some measure of impact.

Perhaps what society needs is some programme where one can donate what one can afford at each stage of one's career, however small the amounts, to pre-identified target recipients so that a cumulative effect can be achieved when combined with other donors for the same recipients, even if the amounts in each case be small. Then impact can be continuously sustained.

It'll be like zakat but voluntary and it will have the added effect of fostering a sense of charity right from the outset, what more help donors identify with specific causes. Something like adopting a poor student in a foreign country under the auspices of Unesco, and making regular contributions as the student climbs up one year after another.

Charity need not be just the province of the well-to-do. Many one ringgit's from different directions can a heap make.



flyer168 said...

....Pt 2

We still resent intrusion on our freedom, and we speak up and draw the line. We still like winning and competing. We still like achieving on our own.

We can spot self-styled messiahs at a hundred yards.

As kids, we lived in our imaginations, and we haven’t forgotten how. It’s part of who and what we are.

We aren’t bored every twelve seconds. We can find things to do.

We don’t need reassurances every day. We don’t need people hovering over us. We don’t need to whine and complain to get attention. We don’t need endless amounts of “support.”

We don’t need politicians who lie to us constantly, who pretend we’re stupid. We don’t need ideology shoved own our throats. Our ideology is freedom. We know what it is and what it feels like, and we know no one gives it to us. It’s ours to begin with. We can throw it away, but then that’s on us.

If two candidates are running for office, and we don’t like either one, we don’t vote. We don’t need to think about that very hard. It’s obvious. Two idiots, two criminals? Forget it. Walk away.

We don’t fawn, we don’t get in other people’s way. We don’t think “children are the future.” Every generation is a new generation. It always has been. We don’t need to inject some special doctrine to pump up children. We remember what being a child is. That’s enough.

When we were kids, there was no exaggerated sense of loyalty. We were independent. Now, we see what can be accomplished in the name of obligation, group-cohesion, and loyalty: crimes; imperial wars; destruction of natural rights.

It didn’t take a village to raise a kid when we were young, and it doesn’t take one now. That’s all propaganda. It panders to people who are afraid to be what they are, who are afraid to stand up for themselves.

We don’t feel it’s our duty to cure every ill in the world. But it goes a lot further than that. We can see what that kind of indoctrination creates. It creates the perception of endless numbers of helpless victims. And once that’s firmly entrenched, then magically, the endless parade of victims appears, ready-made. When some needs have been met, others are born. The lowest form of hustlers sell those needs from here to the sky and beyond. They make no distinction between people who really can use help and those who are just on the make.

We didn’t grow up that way. We don’t fall for the con now.

When we were kids, the number of friends we had didn’t matter. We didn’t keep score. Nobody kept track of the count. That would have been recognized in a second as a form of insanity.

As kids, we didn’t admire people simply because other people admired them. That was an unknown standard.

We were alive. That was enough. We were free. That was enough.

It still is.

When we were young, we had incredible dreams. We imagined the dreams and imagined accomplishing them. Some of us still do. Some of us still work in that direction. We haven’t given up the ghost just because the world is mad.

The world needs to learn what we know. We don’t need to learn what the world has been brainwashed into believing” - Jon Rappoport

ONCE WHEN WE WERE FREE Jon Rappoport's Blog - http://jonrappoport.wordpress.com/2012/10/15/once-when-we-were-free/

Cheers.

flyer168 said...

Hi Deminimis,

Just to share this...

"ONCE WHEN WE WERE FREE"

"If two candidates are running for office, and we don’t like either one, we don’t vote. We don’t need to think about that very hard. It’s obvious. Two idiots, two criminals? Forget it. Walk away.

We don’t fawn, we don’t get in other people’s way. We don’t think “children are the future.” Every generation is a new generation. It always has been. We don’t need to inject some special doctrine to pump up children. We remember what being a child is. That’s enough.

When we were kids, there was no exaggerated sense of loyalty. We were independent. Now, we see what can be accomplished in the name of obligation, group-cohesion, and loyalty: crimes; imperial wars; destruction of natural rights.

It didn’t take a village to raise a kid when we were young, and it doesn’t take one now. That’s all propaganda. It panders to people who are afraid to be what they are, who are afraid to stand up for themselves.

We don’t feel it’s our duty to cure every ill in the world. But it goes a lot further than that. We can see what that kind of indoctrination creates. It creates the perception of endless numbers of helpless victims. And once that’s firmly entrenched, then magically, the endless parade of victims appears, ready-made. When some needs have been met, others are born. The lowest form of hustlers sell those needs from here to the sky and beyond. They make no distinction between people who really can use help and those who are just on the make.

We didn’t grow up that way. We don’t fall for the con now.

When we were kids, the number of friends we had didn’t matter. We didn’t keep score. Nobody kept track of the count. That would have been recognized in a second as a form of insanity.

As kids, we didn’t admire people simply because other people admired them. That was an unknown standard.

We were alive. That was enough. We were free. That was enough.

It still is.

When we were young, we had incredible dreams. We imagined the dreams and imagined accomplishing them. Some of us still do. Some of us still work in that direction. We haven’t given up the ghost just because the world is mad.

The world needs to learn what we know. We don’t need to learn what the world has been brainwashed into believing - Jon Rappoport

ONCE WHEN WE WERE FREE -
Jon Rappoport's Blog - http://jonrappoport.wordpress.com/2012/10/15/once-when-we-were-free/

Cheers.