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03-05-2013, 06:25 PM
(This post was last modified: 03-05-2013, 06:25 PM by specuvestor.)
Yes
bigger pie is what people forgets. EVERYBODY benefits when everybody grows wealth together. On a bigger scale China was deemed as a leech when it entered WTO, and now it is the largest auto and luxury market. The rich benefits from selling to better-to-do middle class. That's self enlightened interest which many people fail to see due to myopia.
But sorry I don't understand your illustration of the tragedy of commons and I don't know what is NIMBY
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
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(03-05-2013, 06:25 PM)specuvestor Wrote: Yes bigger pie is what people forgets. EVERYBODY benefits when everybody grows wealth together. On a bigger scale China was deemed as a leech when it entered WTO, and now it is the largest auto and luxury market. The rich benefits from selling to better-to-do middle class. That's self enlightened interest which many people fail to see due to myopia.
But sorry I don't understand your illustration of the tragedy of commons and I don't know what is NIMBY
NIMBY = not in my backyard.
Once a popular term, and still common behavior in Singapore
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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04-05-2013, 09:55 AM
(This post was last modified: 04-05-2013, 02:47 PM by Temperament.)
In Singapore, the pie is indeed getting bigger & bigger. But it's contributed mostly by the middle class who becomes smaller & smaller. COE & HDB both together will see that the middle class is disappearing or downgraded.
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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