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Monday, 22 August 2016

Why we love Top 10 lists

When you walked into a bookshop, do you take a glance at the Top 10 best sellers list?

How about music? Top 10 lists galore! One for each music genre...

Top 10 travel destinations anyone?

Do you know why marketers love Top 10 lists?

On the same note, just imagine some clueless Singaporeans have to depend on some ang mohs - do a small rush rush sample; give a few stars - to tell us which hawker food here is good? (If you are a foreign worker or tourist I can understand. But its our freaking backyard!)

And this one better! Joseph Schooling seen eating his chye tow kueh, and we already have monkey see monkey do copycats... 

Now you know why corporates pay millions to top athletes to endorse their products. Wink.

Make a wild guess whether our investing/trading community exhibit similar group behaviour?

The psychology is the same right?

We feel much better in crowded trades and/or riding the same investment theme of the month...


We all have our favourite chicken rice hawker stall. And we probably eat there at least once a week. But when we have a foreign friend visiting us, and he wants us to recommend a good chicken rice stall, what do you do?

Bring your foreign friend to your regular stall, or that one at Maxell Road market?

OK, this poke is reserved for men.

When we want to pee, we just go to the toilet ourselves. We are our own man.

But when it comes to investing/trading, ever wonder why you suddenly become so "gu niang"? Must have someone accompany you; and hold hands some more! 

P.S.  I've been practicing (not theory) Sales and Marketing all my corporate life that I don't even think about it anymore. It's 2nd nature to me.

Special thanks to the butterfly for his comment at my previous post made me aware of why I put my 10 Ten blog post there in the first place.

No, I'm not taking it down.


Thursday, 18 August 2016

I poke myself


Don't be so eager.

First, some foreplay to get us into the mood:

mrbrown's Joseph Schooling Bandwagon List of Shamelessness

Singapore National Olympic Council warns local corporations against jumping on Schooling's coattails

I'm shameless

If you look at my "Popular Top Ten Posts" at the right, can you spot the shameless post?

Yup, its that Dr Richard Teo Keng Siang post.

I can give all the crap excuses like:

a) It was done during my early days of blogging... I don't know!

b) There was no intention to increase page views by leeching on to the topic of the day...

c) Others also doing it what?

Let's call a spade a spade. I was shameless. Period.

The road to recovery starts from admission; not denial.

Crash got sound

When I start to receive page views that were not from the usual readers in our community, surprise turned into embarrassment...

I realised what I've done wrong.

I've stumbled onto one of the secrets to Search Engine Optimization (SEO).

That's why when I want to add my 2 cents to a current event nowadays, I'll wait a few days; and more importantly, I'm now more aware what not to use as my post heading.

That hollow and empty feeling

Ever felt like it before?

A bit like being a substitute who never played a single match with the team that won the Championship? Would you go round telling others about your "achievement"?

How about if I go buy that Phd from a degree mill and start putting a "Dr" in front of my name? Who am I kidding right?

That's how I felt each time I look at my Top Ten Posts.

How I wish I can delete that post and pretend it never happened.

But no.

I left it there as a constant poke to myself - don't do that again!

Making mistake is OK; but making the same mistake twice is not OK!

Tuesday, 16 August 2016

Income Statement versus Balance Sheet

Equities investors focus on the Income (Profit & Loss) statement - how much you make?

Corporate bond investors focus on the Balance Sheet statement - can you pay me back?

Some corporate bond investors and peer-to-peer lenders have found out the hard way the differences between making secured and unsecured loans...

Have you seen the title deed to your property? The smart bank is "safe keeping" it for us until we have paid our loans in full. So very the kind of them!

As a minority shareholder, especially if you belong to the camp where you believe that makes you part owner of the listed company, does earnings matter to you?

Warren Buffett has famously said he does not understand gold - it has no yield.

How do you value an asset that does not generate any yield? Can't use Discounted Cash Flow can you?

And yield is just another word for earnings.

Now comes the tyre hits the road moment.

What if I tell you earnings don't matter for equities?

Will you swallow it hook, line, and sinker?

But its free info!

Excellent! You are awake!

You know the Singaporean retort if you complain about your losses after following "free" advice:

"If I tell you to jump off a bridge, would you jump?"

But I'm kind. I'll give you a refund.

You paid me "nothing"; I'll refund "nothing" in return.

There! Happy now? Take "nothing" and go.

P.S.   For the record, I disagree with Warren Buffett's view on gold. If you share Warren's view, I'll be most glad to be the karung guni man to take all the worthless pieces of yellow metal off your hand.

I'm generous. I'll give you in exchange my e-book valued at $88.88 retail for absolutely nothing at all!

What good is conviction if we don't act upon them?

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