In my daily life, I often catch myself saying one thing and doing another thing. I guess I am not alone. So let’s start making fun of our irrational behaviour!
I have an ex-colleague who gives me lots of grief for not bringing my own “bag” to the supermarkets when I do my groceries……… But this lady tells me that she full blasts her air-con all night long and drives to work alone in her sedan. OK…..
I have a friend who tells me cannot eat tuna – cute and lovable dolphins are killed in tuna’s fishing nets. Cannot! But this same person has no problem slurping down shark-fin soups during Chinese weddings. OK…….
Song bo? OK, enough foreplay! Now let’s get to the naughty part.
I’ve met “investor/guru” selling that active trading is for “suckers”. As if trading is “beneath” him. But in the same breath, this “investor/guru” also does not believe in “buy and hold”. OK…… So buying a property or stock and selling it 18 months later is not considered a “trade”? Hmm…..
I’ve also have “trader” friends who love the rough and tumble of high leverage active trading – nothing beats going to the financial casinos every trading day! Dividend investing is for widows and retirees, they sneer.
Hey! Whatever makes you happy. You’re the man! I’ve learnt never stand in the way of high testosterone men. But if you look at their portfolio, you may find some “dead” stocks they’ve held for ages……… A short term trade turned long term holding?
We have also people that will avoid debt like the plague in their personal life – be 100% debt free they preach. You would assume they will apply it to the stocks they invest in. But the stocks they own are mostly companies that have quite some debt on their books. Interesting…. Talk about cognitive dissonance! But debt boost ROI mah, they say sheepishly….
Oooooh baby. You want more? OK, one more for the road.
Have you wondered why those people who want their course money back just because their “guru/trainer” has a fake degree? You mean if his “academic” qualification is real then everything is OK? Never mind if he can’t or is unwilling to reveal ALL his trades? If it’s just cherry-picking, I think all of us can show our best winning trades and look pretty invincible too.
If I want to learn how to swim, I think I would want a swimming coach who can swim and is in water with me showing me how. I don’t really care if he has any “approved” master of the universe certification on swimming. Or?
Hope you all have a good time reading. Now I need to rollover and sleep.
Till the next time, bye!
SMOL,
ReplyDeleteRemember those selling koyoh at the markets ? If your product is good, people will know by word of mouth, no need to put down others to show how good your product is.
Live and let live.
I gather you saw my comment in that blog ;)
ReplyDeleteBut one thing good that came out of it is that I turned my negative energy into inspiration for this satire post.
What's the point of having millions when you put off people?
I've met big factory owners who can't speak english, like to use expletives, but after touring the factories with them, the way these millionaire business owners greet and treat their workers explain a lot why they have reached where they are.
They have high EQ.
I copy paste Createwealth8888's comment to my same guest post at Derek's blog:
ReplyDelete"We have also people that will avoid debt like the plague in their personal life – be 100% debt free they preach. You would assume they will apply it to the stocks they invest in. But the stocks they own are mostly companies that have quite some debt on their books. Interesting…. Talk about cognitive dissonance! But debt boost ROI mah, they say sheepishly…."
Read? Know the difference between Business Leverages And Personal Leverages.
I started this satire post to poke fun at myself: say one thing and do another thing....
ReplyDeleteHere's the examples:
1) I used to own Jurong Tech until it went bankrupt under a mountain of debt. Yup, I am one of those shareholders that got nothing in the final liquidation.
I bought it when Jurong Tech was on a high making the popular Motorola Razor phones (remember them?) 4 lessons I've learnt:
a) Stocks can go to ZERO.
b) Don't buy and forget.
c) Cut my bloody losses early!
d) Leverage cuts both ways. Ouch!
2) I still have 6 small penny stocks lying dead in my portfolio. It's a bit of contradiction, but I will keep them. No, not in hope of them recovering; they never will. But to stick it in my eye each time I open my margin account. It's a bit like "huo xin chang dan" remember to myself.
It's ok to make mistakes - that's part of learning. But I must profit from my mistakes!!!
That's why I still have a margin account and do dabble in CFDs, futures, and currencies once in a while. I know, "mer zai si"!
Talk about Jurong Tech ! Bought at 30c around 2002 and sold off at $1 around 2006 there abouts. Bought again at 36c in 2009 and lost 50K.
ReplyDeleteNot surprising. If you have 10 stocks, all you need is for 2 or 3 to perform well to come out ahead. Haiz, tuition money. There is no free lunch. Important thing is to learn from all this. Otherwise will have to keep on paying tuition fees.
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