Category: Mindset
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Objective: What’s The Point Without One?
I had the opportunity to study Strategic Management (SM) during my MBA course. The lecturer I had for the course was always a friendly person but I have seen him going nuts over some trivial matter. One of them is working on something without an objective. Mind you, this was a few years ago. Back…
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Why Do We Fail as an Investor?
I’ll start this post by admitting I have failed as an investor previously. I’m sure I will fail again in the future, but the difference is now I have a better coping mechanism when it comes to losses, especially unrealized losses. I guess I got better at managing my investment risks. Returns There was…
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Enough vs Growth: View of a “Pemalas”
I love to ask these questions to my peers. “Between yearly income of RM250 thousand and RM 100 thousand, which one would you prefer?” Almost everyone including myself will answer RM250 thousand. The next question, “What if the stress level of RM250 thousand income is 100 times greater compared to RM100 thousand? Would you still…
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Compounding, Time and Patience
I’ve just completed reading Atomic Habits written by James Clear and planning to re-read again. This is by far the best self-improvements book I have read. To summarize, it’s about how habits are cultivated from the compounding effect of minuscule actions. I highly recommend this book as the system shared by the author can be…
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Beginner’s Luck: My Fishing Experience
I’m not into fishing but years ago, I went for my first and last deep-sea fishing trip with my two angler friends. During the trip, we collectively caught many fishes and I manage to catch a barracuda. Apparently, it’s not easy to catch one but somehow, I manage to. I seriously thought to myself, what…
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Football Club Supporters: Emotional Long Term Investors
I’m a Liverpool Football Club (LFC) supporter since the early 90s. Non-LFC fans fear not, this post is not about the club or its history. It’s about how supporting your club emotionally over the years can be a poor trait when it comes to long term investing. Noise Supporting a football club during good days…
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My Lingham’s Sauce Theory
This universe is finite, its resources, finite. Thanos – The Avengers: Infinity War If there is one thing I’ve learned from my economics studies, it’s that resources are scarce. Take water as an example. Whenever SYABAS comes up with a water disruption notice, we immediately go into saving mode. Households will start storing water excessively,…
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Don’t Fall for One-Year Investment Return
Say you come across a person or an article indicating a particular investment has made a 10% return in the past year. Let’s try to be a bit more dramatic and say 40% return. I bet this will catch anybody’s attention. Our mind goes “This is a sure win. Everyone is investing in it and…
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I’m Stupid When I’m Desperate
When you are desperate, you think and act stupidly. This was my story a few years ago. I was in a bad position financially. I didn’t know how to earn more, I didn’t know how to limit my expenses. I’m only left with a constant worry about my financial state. Every thought I had was…
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Risk, can we get serious now and talk about it?
In my previous post, I shared a simple investment strategy. Personally, I prefer calling it Risk Management, the reason being an investment is all about the risk an investor willing to take to earn the desired return. The one problem I have noticed among investors, they spend most of their time talking about return and…
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