Monday, 29 June 2015

How to ensure adequate H&S coverage

First. wet hair thoroughly.

Squeese some H&S onto the palm of your hand.

Rub it gently onto your hair.

Using the tip of your fingers from both hands, massage your scalp until lather forms.

Ah! Pleasure.

Now rinse hair under running water.

Fling your head to the left, and then right, as you lift up your head.


Grab a towel.

No. Don't do the jiggle, jiggle towel over hair thing like a mad woman.

Put your head to the side and let your hair down.

Envelop hair with towel using both hands. Dab, dab.

Video and audio screech into sudden halt...

You a man?

Awkward pause.

You don't say I don't tell OK? 


Wednesday, 24 June 2015

Right Tool for Right Strategy (Why we hired this person for?)

Right Tool for Right Strategy

If you are a Growth and Income investor like John Neff, it makes sense to measure your portfolio in Total Returns basis - with breakdown in dividends received and capital gain/loss marked to market.

But when you see a Income investor measures his portfolio using the same Total Returns method, you go hmm...

The "right" measurement vehicle should ideally match the corresponding strategy.

When reality deviates from plan 

Measurement or tracking is not as important as what WHAT we intend to DO with the information.

Let's say an income investor noticed his dividend income has been declining in the last few quarters - and he has not made any divestments - should he take any corrective actions?

Even trickier is when your dividend income has steadily increased over the last 5 years - and you have not made any new investments - but you noticed your income has stagnated and stopped growing for the past 12 months, should you do anything? Now this is next level stuff!

Track for what?

If you no clue what you should do in the above 2 scenarios, pray tell why are you tracking your portfolio income in the first place?

Land owners, shepherds, and sheep use KPIs for totally different reasons.

This is where you may want to quietly delete your goals and milestones if you discover they are written in the language of sheep.

Why we hired this person for?

Since most people are "investing" on a part-time hobby basis, it could be more important to set goals and write plans when you have an idea what to do when reality deviates from strategy in your day job.

When you don't hit the KPIs you've set for yourself, and you are in the habit of giving the excuse that things are out of your control and influence, you may want to stop and listen to what you've just said...

You mean you set goals and plans on things you can't control and influence?

This is inviting a bulls-eye to be pinned to your back.

Its all fine and dandy during calm seas. But in rough sailing conditions, Captains have been known to issue the order to jettison "dead-weight" off the deck....

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