Thursday, January 24, 2008

Richest Men In The World

  • John D. Rockefeller (1839-1937)
  • Andrew Carnegie (1835-1919)
  • Cornelius Vanderbilt (1794-1877)
  • John Jacob Astor (1763-1848)
  • William Gates III
  • Lawrence J. Ellison
  • Warren Buffet
  • Paul Allen
  • Sheikh Zayed Bin Sultan Al Nahyan
  • Andrew Tan Suan Yeow

For as a person thinketh in his subconscious mind, so is he.

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Monday, January 21, 2008

Believe, or not?

How many of us hold an absolute trust and faith in our self that we can accomplish whatever goals that we want to achieve? Today, I have the great opportunity to attend the seminar by one of the most successful women from the States. One of the many powerful message conveyed by her is that we should maintain a positive mental attitude to believe that we can do it. We should believe that we are protected by the high spirits and maintain a positive energy whenever we are and whatever we do. In that way, we can use our positive energy to change many things.

It is important that we tell ourself "we can do it" consciously, otherwise our subconscious mind will ensure that we don't do it. It is also important we envision our own success frequently so that we can have that "Desire" and momentum/imperatives to get there. No wonder, Albert Einstein once say that "imagination is more important than knowledge".

Well, of course. It is never easy to get our dream materialised. But that is our challenge to be who we want to be and to ultimately become who we are. If we really want to do it, our faith will find the way otherwise we get only excuses.

Thanks Miriam that you have imbued so many powerful message in me. I truly hit by all things you say and I truly feel your positive energy that you carried. I hope you can share your wisdom and wealth with more people.
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Sunday, January 20, 2008

Buy Low, Sell High

Financial Management or Corporate Finance is one of the favorite subjects for those who study accounting and/or finance in university because that is how we, as a students, learn how to trade in a share market, how to make money, etc. One of the principle fascinated us is:- Buy Low Sell High, being that we trade the securities (shares) through buying the shares at its lower price and then sell at its higher price, which will result in a profit position. It sound so easy.

And yet, what happen? We still see people get their fortune flushed away overnight during whenever there is a massive market crash. And this happens many times, consistently, in many different place throughout the recent history that we can remember. The economic cycle has simply become shorter and shorter just as our living pace accelerates.

The so called "Buy Low", may sound a little bit misleading. I wonder if it is our "Kia Su mentality" (怕输心态) that intensify our price elasticity. Well, I acknowledge that life here is slightly tough, as a result we always waiting for "SALE" or "Value Buy".

But anyone who can relate the reason having a sale in a store to the reason why the stock price is low can find out how useless the "Buy Low" principle is. Obviously, when a company is offering sales on their products, it is likely that their products is obsolete (or defect, opps) or that they are not doing so well and hence stock clearing come in. When we link this to shares which has tumbled let say from RM50 to RM15, so what is the reason we are looking at here? Obviously I don't know because I am not an insider or an expert. However, doesn't this mean that this particular tumbling stock is, by its very own nature, a weak one? Why someone would wants to buy weak stocks since the probability of getting return / yield is lower............... I don't know why.

Worst, what kind of assurance we have to tell us that the stocks we purchased is at is lowest price and how do we know how far it can go up.

Do you know? I don’t know.
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