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People who are investors long enough know as long as their money are in the market, it can be like the plane lost in bad weather.
The real investors in life know that anything can happen in life and be prepared to take it all. No more, no less. Just carry on, live your life as you want to live, no matter what happens.
My condolences to the families of all the people on that plane.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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I thought the blame should be on the traffic control tower and not the bad weather?
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(31-12-2014, 10:22 AM)valuebuddies Wrote: I thought the blame should be on the traffic control tower and not the bad weather?
Ah......... control tower + bad weather + pilot + ? = lethal!
Wonder what the Black Box will reveal if found.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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(31-12-2014, 10:22 AM)valuebuddies Wrote: I thought the blame should be on the traffic control tower and not the bad weather?
It is too early to conclude or even to speculate the reason of the tragedy. Let's be patient with the facts, after the black-box is found.
Speculation will not help in anyway, to authorities, the victims, or their families.
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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Pilots Disabled Critical Computers Moments Before AirAsia Crash
http://www.bloomberg.com/news/articles/2...-jet-probe
The only way to avoid making mistakes is not to do anything. And that … will be the ultimate mistake. - Goh Keng Swee
A pessimist complains about the wind; an optimist expects it to change; the realist adjusts the sails. - W. A. Ward
Learn from the mistakes of others. You won't live long enough to make them all yourself. - Jane Bryant Quinn
人生最大錯誤，用健康換取身外之物。 ^ 人生无常，珍惜当下。 ^ 放弃固执，适时变通。 ^ 前面是绝路，希望在转角。
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Both Noble and AirAisa are under attacked, but AirAsia has been taking a very positive approach, comparing with Noble, IMO
(not vested in both)
AirAsia says aviation laws prevent it from consolidating associates' accounts
KUALA LUMPUR (June 22): AirAsia refuted on Monday a report that had said the airline was unwilling to consolidate the accounts of its foreign associates and be more transparent about its finances, saying it was prevented from doing so by aviation regulations.
Little-known Hong Kong-based GMT Research said in a June 10 report that AirAsia is unwilling to consolidate the accounts of its foreign associates.
AirAsia's internal audit committee said in a statement the airline had, in fact, been in talks with its auditors PricewaterhouseCoopers and the local authorities on how it can consolidate its associates, over which it has substantial influence despite being a minority owner.
It was advised that it is unable to do so, however, as it does not have legal control over its units in Indonesia, Philippines, Thailand and India due to local aviation regulations, it said.
...
http://www.theedgemarkets.com/sg/node/210714
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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