Once upon a time, there was a rich merchant. He owned a trading post in the middle of a forest of dense mists. People would come to visit him on their journey North and buy supplies from him. One day, a young man came to visit him. "Sir, would you like to buy some insurance? … Continue reading Once upon a time
I have these ideas in my head when I'm doing financial planning, and they somehow connects to movies that I've seen. For this week, the inspiration comes from The 13th Warrior starring Antonio Banderas. The first quote from the movie is:" I listened!" Scene here: https://www.youtube.com/watch?v=lnnREr8BV24 Those who watched the movie will remember that the … Continue reading The 13th Warrior and… financial planning?!
I've mentioned before that War is the Art of bringing more weapons to a battle than your opponent. To me, Sun Tzu's The Art of War discussions on military strategies, tactics, battlefield arrangements and spying is all about maximising one's weapons in a conflict while restricting your opponent's capability to bring his weapons to the battle. … Continue reading Sun Tzu and the Art of Personal Finance Part II
Recently I've been playing this game called Panzer Corps. It is an Operational level war game, as opposed to a Tactical level war game. The difference is that at the Tactical level, you cannot decide what troops to bring into battle, what you have is already there and you can only use what you have to try and … Continue reading Sun Tzu and the Art of Personal Finance Part I
2016 saw an upgrade in my investment philosophy. I completely sold off my Unit Trust positions, and subscribed to a completely new portfolio (portfolio = a basket of funds working together): Portfolio start date around April 2016 and reporting date Jan 2017. Return On Investment is about 9%, which hit my target perfectly that I … Continue reading Investment Review 2016
I am not normally pessimistic, generally I do not like to write FEARful stuff as they are usually False Experience Appearing Real. However sometimes I do read something and get all worked up over it. It's no secret that financial professionals are generally distrusted. Bankers, Agents, CONsultants, Advisors, etc... these names have built up a … Continue reading A short rant about cynicism and the distrust of professionals
So we just watched Moana and had a conversation with a friend on why we love the movie. To my friend, he had "no particular reason why he love the movie, except that he feels it's even better than Toy Story." To me I think I can see why, the whole movie is full of … Continue reading Moana and the freedom of Life