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Heart, smarts, luck ... but Singaporeans need more guts

Heart, smarts, luck ... but Singaporeans need more guts

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Temperament Offline
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#11
23-09-2013, 03:14 PM
Ha! Ha!
IMHO,
Every OPMI is a "TIKAM" operator as we are not the insiders. The only thing is maybe the degree or level of "TIKAM" may be different. Some tikam better than others.
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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opmi Offline
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#12
23-09-2013, 04:20 PM
(23-09-2013, 03:14 PM)Temperament Wrote: Ha! Ha!
IMHO,
Every OPMI is a "TIKAM" operator as we are not the insiders. The only thing is maybe the degree or level of "TIKAM" may be different. Some tikam better than others.

Agreed.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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Dividend Warrior Offline
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#13
23-09-2013, 05:59 PM
(23-09-2013, 11:36 AM)CityFarmer Wrote: Heart, smarts, luck ... but Singaporeans need more guts

I agree.

No Guts No Glory! Big Grin
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pianist Offline
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#14
23-09-2013, 09:04 PM
With no huge mountains, no typhoons, no earthquake, how to find guts
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weijian Online
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#15
23-09-2013, 09:23 PM
(23-09-2013, 01:03 PM)Temperament Wrote: Are "passive" business investors/partners counted? How can they benefit from the articles?

let me attempt to translate into VB language for the average OPMI (in italics)

Quote:• What terrifies you? Gutsy people are not fearless. They have the ability to turn negative energy or fear into the positive energy of action. Be greedy when others are fearful

• What is the worst that can happen? What have you got to lose? The best time to start is when you are young, because you can lose. Start investing and saving early.....and then enjoy compounding working to your favour

• Are you truly and madly in love with the business you are trying to build? Those are the businesses that succeed. Are you willing to put in 10,000 hours to 'get there'?

• Which risk are you better positioned to take? There are two kinds of gutsy people: Those who have a high tolerance of risk for long periods of time, and others who occasionally step up for risks that they are uniquely positioned to take. Figure out your investing style, stick to it and let your natural temperament take over.

• How can I experience and learn from a crisis? Most people think about it as a thinking exercise, contingency planning. That is all wonderful, but crisis management is experiential. It is not a thinking exercise. In theory, there is no difference between theory and practice. In practice, there is.

• How would you team up to complement your leadership qualities? The best leaders know that they are not dominant in every aspect of business. It is not what you don't know that kills you, but what you think you know but in reality do not know, that does
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