- "It is not that the free market failed. The mistake was constant interventions in the free market by the Fed and the U.S. Treasury that addressed symptoms and postponed problems instead of solving them."
- "Further interventions through ill-conceived bailouts and bulging fiscal deficits are bound to prolong the agony and lead to another slump -- possibly an inflationary depression with dire social consequences."
Not exactly a feel-good piece, but understanding where you are is an essential component of figuring out where you're headed.
在这段期间弟子们总是细心照顾兰花， 但有一天，在浇水时却不小心将兰花架碰倒了， 所有的兰花盆都跌碎了，兰花散了满地。
弟子们都因此非常恐慌， 打算等师父回来后， 向师父赔罪领罚。
「我种兰花，一来是希望用来供佛 ， 二来也是为了美化寺庙环境， 不是为了生气而种兰花的。」
So he ordered a birthday cake. The salesman asked him what message he wanted put onthe cake. He thought for a moment and said, "put getting older but you are getting better".
The salesman asked "how do you want me to put it?"
The man said 'Well...put "You are getting older" at the top and "but you are getting better" at the bottom.'
When the cake was unveiled at the party all the guests were aghast at the message on the cake.
It read: "You are getting older at the top, but you are getting better at the bottom"
Morale of the Story:
1. Double proof read everything before you send.
2. Don't trust others to write it right for you.
3. Don't order cakes by telephone.
Many people seem to think that investing is simply throwing money at some hot deal and hoping to strike it rich. Or just turning it over to a total stranger and hoping that stranger or that company returns your money to you someday. Obviously that is not investing - it is gambling. But worse than gambling, it demonstrates a lack of respect for something most people have given a part of their life, their sweat, blood, and time for.
Most people do not like working for abusive and cheap people or abusive and cheap companies. Yet when it comes to the money they invest, many people turn their money over to people and companies that seem to care more about their own self-interest than the investors' interests.
Warren Buffett said, "The best way to get rich is to not lose money."
One of the best ways to not lose money is to invest a little time making sure the money you invest... your personal employees... are working in a financially intelligent, high-integrity, well-managed, financially responsible, and safe environment. That is what an investor does. That is what investors such as Warren Buffett do.
Warren Buffett treats money, the businesses he invests in, his workers, and his investors with a high degree of personal intelligence, integrity, and respect. That is why his company is so successful.
Rich Dad said, "People who do not respect money, or abuse the money they earn, are themselves often not respected and financially abused."
Regardless of whether if you invest in businesses, real estate, or paper assets, treat those assets and your money with the same respect you want for yourself. If you will do that, your money and those assets will grow and make your life easier and more abundant.
Take care of your money and your assets and they will take care of you.
As my rich dad said, "If you take control of your money, you take control of your life." He also said, "Give your money to strangers and your money will work for the strangers - before your money works for you."
Become an Educated Investor
If a person does not know what to do with their money, they should first invest some time in their investment education before investing their money.
In my opinion, one of the primary reasons why millions of people lost trillions of dollars is because they invested their money but were not willing to invest their time.
Always remember what my rich dad told me years ago. He said, "People without much financial education most often fall for a sales pitch... mistaking the sales pitch for advice."
KUALA LUMPUR: The Employees Provident Fund (EPF) Board acquired 9.63 million shares of IOI Corp Bhd in the open market from Feb 5 to 11. A filing to Bursa Malaysia yesterday showed the EPF acquired the shares at prices ranging from RM3.74 to RM3.93. It paid a total of RM34.62 million for the shares. During the same period, the EPF also sold 2.09 million shares for RM8.04 million. The EPF also acquired 758,900 shares in IOI Properties Bhd during the period for RM1.94 million at prices ranging from RM2.53 to RM2.57. IOI Corp had on Feb 4 proposed to take its 76.04% owned IOI Properties private at RM2.598 per share to be satisfied in shares and cash. Shareholders owning the remaining 24% stake, comprising 199.73 million shares in IOI Prop would receive 0.6 of an IOI Corp share of 10 sen each at an issue price of RM3.78 per share, and 33 sen cash for every one IOI Prop share held.
KUALA LUMPUR: The Employees Provident Fund (EPF) Board acquired 9.63 million shares of IOI Corp Bhd in the open market from Feb 5 to 11.
A filing to Bursa Malaysia yesterday showed the EPF acquired the shares at prices ranging from RM3.74 to RM3.93. It paid a total of RM34.62 million for the shares.
During the same period, the EPF also sold 2.09 million shares for RM8.04 million.
The EPF also acquired 758,900 shares in IOI Properties Bhd during the period for RM1.94 million at prices ranging from RM2.53 to RM2.57.
IOI Corp had on Feb 4 proposed to take its 76.04% owned IOI Properties private at RM2.598 per share to be satisfied in shares and cash.
Shareholders owning the remaining 24% stake, comprising 199.73 million shares in IOI Prop would receive 0.6 of an IOI Corp share of 10 sen each at an issue price of RM3.78 per share, and 33 sen cash for every one IOI Prop share held.
趁低吸購 / 擴展收購
p/s: Like it or not, invest or not, you are indirectly buying shares / involved in share trading activities.
We begin this New Year with dampened enthusiasm and dented optimism. Our happiness is diluted and our peace is threatened by the financial illness that has infected our families, organizations and nations.
Everyone is desperate to find a remedy that will cure their financial illness and help them recover their financial health. They expect the financial experts to provide them with remedies, forgetting the fact that it is these experts who created this financial mess.
Every new year, I adopt a couple of old maxims as my beacons to guide my future. This self-prescribed therapy has ensured that with each passing year, I grow wiser and not older.
This year, I invite you to tap into the financial wisdom of our elders along with me, and become financially wiser.
Hard work : All hard work brings profit; but mere talk leads only to poverty.
Laziness : A sleeping lobster is carried away by the water current.
Earnings : Never depend on a single source of income.
Spending : If you buy things you don't need, you'll soon sell things you need.
Savings : Don't save what is left after spending; Spend what is left after saving
Accounting : It's no use carrying an umbrella, if your shoes are leaking.
Auditing : Beware of little expenses; a small leak can sink a large ship.
Risk-taking : Never test the depth of the river with both feet.
Investment : Don't put all your eggs in one basket.
I'm certain that those who have already been practicing these principles remain financially healthy. I'm equally confident that those who resolve to start practicing these principles will quickly regain their financial health.
Let us become wiser and lead a happy, healthy, prosperous and peaceful life..
Always remember that you can make or lose money in anything.
Ultimately, it is not gold, stocks, real estate, or any investment that makes you rich—
it is what you know about gold, stocks, real estate, and money that makes you rich.
Ultimately, it is your financial intelligence, your financial IQ that makes you rich.