Increasingly, I think successful investing has to be either pure art or pure science. If you haven’t know already, index investing is a scientific method because all the stocks in the index are picked by a set of...
My kid doesn’t work in a company. He is in several projects: 1) he is in the team to design a 3D printing blueprint of a spacecraft part for SpaceX 2) he is also helping a Chinese company coming out w some...
(Excerpt from Fortune’s Formula by William Poundstone) Imagine youstart with $1,000, $500 in stock and $500 in cash. Suppose the stock halves in price the first day. (It’s a really volatile stock.) This...
(Excerpt from The Iron Law of Volatility Drag by Taylor Pearson) You have two return streams (a return stream could be a stock, bond, particular trading strategy, etc.) You know that both will average an annual return...
There are 3 types of businesses. Businesses that lie to customers. Businesses that help customers see the truth. Businesses that help customers lie to themselves. The first one is obvious. Unlike small villages where...
Singapore towkays in the good old days knew the importance of marketing. They had no social media in the past and the newspaper is the most powerful medium (because most couldn’t afford to buy a radio or tv) to reach...
(Excerpt from Be a star or a janitor by Yoni Rechtman) You should always strive to do the work either 1) no one else can do or 2) no one else wants to do. Be a star or a janitor. As a janitor, you should...
Level 1: Blame everyone and everything for your problems. Direct your frustrations outwards by criticizing others. Level 2: Aware that you are responsible for some of the problems in life but don’t do anything about...
When you don’t win in Olympics, you say it isn’t about the medal. When you are not rich, you say life isn’t about money, there are things money cannot buy and rich people may not be happy. Do you truly mean it or...
(Excerpt from Total Recall by Arnold Schwarzenegger) It always blew my mind that some of the greatest artists, from Michelangelo to van Gogh, never sold much because they didn’t know how. They had to rely on some...
