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Tuesday, 11 February 2020

Trust But Verify


Short term, the stock market is a voting machine; long term, its a weighing machine.



We apply the same logic to people we date, work, and do business with.

Some people make a great impression first time we meet them. But alas, over time, we discover they KNS...

What we say or do is weighed by others.



This post has no meaning whatsover unless it appears on top of that post at:

Singapore Investment Bloggers




Edit: Not sure whether its the aggregator (you owe me a drink) or the blogger realised his folly, that blog post has been taken down. 



My post has served its purpose.

In this difficult time, let's not cause further alarm or panic to the public.













11 comments:

  1. Hi SMOL,

    For a moment, I was curious as to who you were referring to....then I said to myself nevermind.

    I've already made up my mind sometime back to reduce exposure to noise in the blogosphere.

    To appropriate Shakespeare's words:

    It is a blog post. Told by none-the-wisers. Full of sound and fury, signifying nothing.

    ReplyDelete
    Replies
    1. Unintelligent Nerd,

      Although our community is niche and not mainstream, we still need to be responsible to what we blog and post online.

      Now that the post has been taken down, no harm; no foul :)

      Peace to the realm has been restored.

      Delete
  2. Trump always say, "I did nothing wrong".

    He is almost a Dictator now in the supposed most democratic country in the World?

    In fact i think he is.

    ReplyDelete
    Replies
    1. temperament,

      What change of topics!?

      OK, I'll bite.

      By the same logic, what's your take on Lao Lee?

      Is Singapore a democracy then?

      Delete
  3. i think Lao Lee had said something like Democracy as practised in America wouldn't work in most countries.

    In fact now it doesn't even work in America now.

    The check and balance doesn't work anymore.

    Sorry it seems to change topic but actually i want to mean some people don't have to weigh what they are going to say.

    Or a dictator doesn't have to bother about weighing.

    So there is no trust and verify for them.

    Just take it as i said or else...@#$%!

    ReplyDelete
    Replies
    1. So to me better siam as far as possible if meet one.

      Delete
    2. temperament,

      Ah!

      I thought why all of sudden want to engage me in US politics?

      I can one. Sex, religion, politics, no problem at this watering hole!


      I'm not a bleeding heart, and like you, I'll just "siam" those I have nothing in common.

      But in these times, I'll do a bit of public service and poke when its called for...

      What's interesting is that the financial markets completely "ignored" the "hot news" from Shanghai that the blogger monkey see, monkey spread.

      It goes to show most traders and investors know how to Trust But Verify ;)


      Delete
  4. Smol,

    Why trust but verify? It's more peace of mind to be immune and ignore all the "noise". Peace of mind is the way to go as per my perspective.

    WTK

    ReplyDelete
    Replies
    1. WTK,

      Flat earth believer alert!

      Just joking ;)


      The alternative is whatever others say, you believe?

      No, you prefer the Ostrich approach ;)

      Delete
  5. There is another situation or possibility.

    Don't think we have to trust or verify if we already have done our homework(in investing?)in the past or we already have found our faith(in religion)?

    Once upon a time, my wife's relative(sitting next to me) showed me a 500 gm and a kilo gm solid gold bar at another relative's dinner gathering.

    He tried to entice and goreng me how ("blah, blah, blah") sure made money investing in this gold investing scheme.

    LOL!

    How many times have we come across how many people have lost a lot of money in this type of Gold Scamming Scheme?

    U guess it i just entertained him lol.
    Because he is an entrepreneur in his own right. So much smarter, right?

    Who am i to tell him otherwise about Gold Scamming Scheme? i don't know and not interested to know until today. Maybe he already knew much more about this Gold Investing Scheme. i am just wary of him from that day onwards.

    In this case, definitely no need "trust but verify".

    Just LOL!

    And enjoy the conversation.

    ReplyDelete
    Replies
    1. temperament,

      Of course no need to Trust But Verify if we already know the answer - or have our minds made up ;)


      Physical gold in large amounts is negative yield. We need to pay for storage, security, insurance, etc...

      Of course we can lend gold out to earn some yield, but that's more institutional kind of transactions.

      With your experience in bucket shops, of course you knew your relative is an idiot - kenna conned by others still don't know - still want to help others make money?

      Of course he didn't share for every new "idiot" he introduced to the MLM scam, he'll get handsomely rewarded. Shh...


      Trust But Verify is used when we ourselves are not sure of the answer.

      For eg, if any religious people knock on my door and share the good news that the Earth is only 10,000 years young, I would laugh my head off and gently close the door while recommending the neighbour next block who believes the Earth is flat - he'll believe anything!

      Delete

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