Monday, November 9, 2015
Be Happy
Judge nothing
You will be happy.
Forgive everything
You will be happier.
Love everything
You will be happiest.
Saturday, June 14, 2014
Integrity
Integrity is defined as adherence to moral and ethical principles, rectitude, honour and honesty.
A quote.......Mahandas
K.Gandhi once said that there are seven things that will destroy a society.....wealth without work; pleasure without conscience; knowledge without character; religion without sacrifice; politics without principles; science without humanity; business without ethics.
Saturday, April 27, 2013
Gratitude
It was said that the key to lifelong success is the regular exercise of a single emotional muscle: gratitude.
People who approach life with a sense of gratitude are constantly aware of what's wonderful in their life. Because they enjoy the fruits of their successes, they seek out more success. And when things don't go as planned, people who are grateful can put failure into perspective.
People who lack gratitude are never truly happy. If they succeed at a task, they don't enjoy it. For them, a string of successes is like trying to fill a bucket with a huge leak in the bottom. And failure invariably makes them bitter, angry, and discouraged.
Therefore, if you want to be successful, you need to feel more gratitude. Gratitude, like most emotions, is like a muscle: The more you use it, the stronger and more resilient it becomes.
People who approach life with a sense of gratitude are constantly aware of what's wonderful in their life. Because they enjoy the fruits of their successes, they seek out more success. And when things don't go as planned, people who are grateful can put failure into perspective.
People who lack gratitude are never truly happy. If they succeed at a task, they don't enjoy it. For them, a string of successes is like trying to fill a bucket with a huge leak in the bottom. And failure invariably makes them bitter, angry, and discouraged.
Therefore, if you want to be successful, you need to feel more gratitude. Gratitude, like most emotions, is like a muscle: The more you use it, the stronger and more resilient it becomes.
Friday, April 5, 2013
Teach Your Child Values
The son of billionaire investor Warren Buffett has an old-world spiritual message for today's money-rich parents: teach your children values and do not give them everything they want.
Musician and now author Peter Buffett said “Economic prosperity may come and go; that's just how it is," he writes in the book. "But values are the steady currency that earn us the all-important rewards."
Tuesday, December 6, 2011
Learn From William D. Gann
William D. Gann was one famous investment guru. Born in 1878 and died in 1955, he had witnessed the great depression, the World War 1 and World War 2, the ups and the downs in the stock market for 50 years! He invented the famous Gann Theory – a time cycle based technical analysis.
He could make prediction of the stock or commodity with the exact price on the exact date! For example, in 1909 Gann made the prediction that the price of wheat would go to $1.20 by 12 noon on September 30th. He also successfully predicted the massive stock crash in 1929.
Gan believed knowledge is power!
He said:
"The difference between success and failure in trading in commodities is the difference between one man knowing and following fixed rules and the other man guessing. The man who guesses usually losses. Therefore, if you want to make a success and make profits, your objective must be to know more; study all the time; never think that you know it all."
We must stay objective, acquire the right knowledge, stay humble and always have the quest to learn more.
With these positive attitude, success is on the way!
He could make prediction of the stock or commodity with the exact price on the exact date! For example, in 1909 Gann made the prediction that the price of wheat would go to $1.20 by 12 noon on September 30th. He also successfully predicted the massive stock crash in 1929.
Gan believed knowledge is power!
He said:
"The difference between success and failure in trading in commodities is the difference between one man knowing and following fixed rules and the other man guessing. The man who guesses usually losses. Therefore, if you want to make a success and make profits, your objective must be to know more; study all the time; never think that you know it all."
We must stay objective, acquire the right knowledge, stay humble and always have the quest to learn more.
With these positive attitude, success is on the way!
Pay More Be Happy
Overpay your loan if you can.
Based on taking out a 25-year home loan of RM100,000, overpayments of RM300 a month would pay it off 12 years early. You would pay back RM123,084 rather than RM146,988 – a saving of RM23,903.
Based on taking out a 25-year home loan of RM100,000, overpayments of RM300 a month would pay it off 12 years early. You would pay back RM123,084 rather than RM146,988 – a saving of RM23,903.
Friday, November 25, 2011
Investing Advice From Jim Rogers
This is the best advice for trading from Jim Rogers which I think should be shared.
Jim Rogers: I would say one lesson we all need to learn is that after you’ve had a great success, you really should be very worried. Let’s say you sell and say you’ve made 10 times on your money. You should be extremely worried. You should close the curtains, not read, look at the TV, or anything because that’s when you’re full of hubris, arrogance, confidence. You think, “God, this is something easy,” and you’re desperate to jump around to something new. You should do your very best to avoid making another play until you’ve calmed down a lot. Just wait. It’s a very dangerous time for any investor.
Likewise, if you take a huge loss and there’s a big panic and things are dumped on your head because you’re overextended or wrong for whatever reason, calm down, don’t say, “I’m never gonna invest in stocks again or commodities or whatever.” That’s the time you really should be willing to invest again if you can gather together some capital money. The investments can be terribly emotional. You have to figure out a way to control your emotions and deal with your emotions if you’re going to survive in these markets.
My advice is that, most of the time, most investors should do nothing. They should look out the window or go to the beach. You should wait until you see money lying in the corner and all you have to do is go over and pick it up. That’s how most investors should invest. The problem is we all think we need to jump around all the time and be jumping in and out and that’s not good.
We think we have to have investments. No, we don’t. If I said you could only have 25 investments in your whole lifetime or if there was some way to limit you to 25, you would be extremely careful. You wouldn’t be jumping around doing all sorts of strange things. Patience is what most investors need to learn. You don’t have to be doing things all the time. Most of the time the best thing is to do nothing. You just sit with what you have as an investment and let it ride or sit and wait until you see someone sitting in the corner.
Most of the time – unless you’re a short-term trader and great at it. I’ve known some spectacular short-term traders. But for most investors, unless you’re one of those guys, then you should just do nothing. Do nothing. If you’re an investor, do nothing except re-examine what you have, and if you’re not investing, just continue to look until you find something.
Jim Rogers: I would say one lesson we all need to learn is that after you’ve had a great success, you really should be very worried. Let’s say you sell and say you’ve made 10 times on your money. You should be extremely worried. You should close the curtains, not read, look at the TV, or anything because that’s when you’re full of hubris, arrogance, confidence. You think, “God, this is something easy,” and you’re desperate to jump around to something new. You should do your very best to avoid making another play until you’ve calmed down a lot. Just wait. It’s a very dangerous time for any investor.
Likewise, if you take a huge loss and there’s a big panic and things are dumped on your head because you’re overextended or wrong for whatever reason, calm down, don’t say, “I’m never gonna invest in stocks again or commodities or whatever.” That’s the time you really should be willing to invest again if you can gather together some capital money. The investments can be terribly emotional. You have to figure out a way to control your emotions and deal with your emotions if you’re going to survive in these markets.
My advice is that, most of the time, most investors should do nothing. They should look out the window or go to the beach. You should wait until you see money lying in the corner and all you have to do is go over and pick it up. That’s how most investors should invest. The problem is we all think we need to jump around all the time and be jumping in and out and that’s not good.
We think we have to have investments. No, we don’t. If I said you could only have 25 investments in your whole lifetime or if there was some way to limit you to 25, you would be extremely careful. You wouldn’t be jumping around doing all sorts of strange things. Patience is what most investors need to learn. You don’t have to be doing things all the time. Most of the time the best thing is to do nothing. You just sit with what you have as an investment and let it ride or sit and wait until you see someone sitting in the corner.
Most of the time – unless you’re a short-term trader and great at it. I’ve known some spectacular short-term traders. But for most investors, unless you’re one of those guys, then you should just do nothing. Do nothing. If you’re an investor, do nothing except re-examine what you have, and if you’re not investing, just continue to look until you find something.
Thursday, July 7, 2011
Intrinsic Value
Any great company is a bad invesment if the price is high enough. We have to distinguish between a company and a stock.
A company may be great because it has excellent management and unique service, but it may be a bad investment if the stock fully reflects this information.
Alternatively the stock of a troubled company could be a great buy if the price more than discount all the problems.
Great buying opportunities sometimes arise when investors overreact to bad news. They more than discount all the pessimism about a company and the stock price falls below its intrinsic value.
Cheap enough, any company is a buy. Costly enough, any company is a sell. The trick is finding what a company is worth. Whether a company is good or bad, the stock is good only if it’s selling or less than it’s worth.
The trick is to find what the stock is worth that is the intrinsic value. Discounted cash flow is one of the method.
A company may be great because it has excellent management and unique service, but it may be a bad investment if the stock fully reflects this information.
Alternatively the stock of a troubled company could be a great buy if the price more than discount all the problems.
Great buying opportunities sometimes arise when investors overreact to bad news. They more than discount all the pessimism about a company and the stock price falls below its intrinsic value.
Cheap enough, any company is a buy. Costly enough, any company is a sell. The trick is finding what a company is worth. Whether a company is good or bad, the stock is good only if it’s selling or less than it’s worth.
The trick is to find what the stock is worth that is the intrinsic value. Discounted cash flow is one of the method.
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