08-06-2014, 08:36 PM
(08-06-2014, 07:59 PM)weijian Wrote:Very well put.GPD Wrote:Unfortunately, from the look of it, most people will not get the intended hint or hidden message.The comparison was always meant to be subtle. Driving this thought of 'one may not always be able to handle sudden wealth' unconsciously into the mind will work more effectively than a blatant apple-to-apple comparison. An apple-to-apple comparison will most probably make pissed-off ST readers cast it off as head knowledge.
chialc88 Wrote:T,Rich people who are able to cultivate their temperament before their wealth, will stay rich as long as their temperament level equals/exceeds their wealth level.
I don't see this as a trouble with investing or knowledge of investment.
I see this as a Wind-fall mindset.
When we had inherited something huge, what should be a right mindset in handling these sudden wealth?
Just like temperament in investing, temperament in handling wealth cannot come overnight. It is the exception, rather than the rule, that has the necessary temperament (humility, contentment, correct money values, the ability to resist the crowd etc) ready to handle a sudden inheritance or surge in wealth.
The rule will be better off growing their temperament slowly, and allowing their wealth to commensurately catch up.
Jack Ma and Co had the vision to prepare their employees years ahead for their eventual windfall:
http://www.theglobeandmail.com/report-on...e18991738/
Anything that suddenly comes into being is always very traumatic not to mention shocking too, to some people. There is no such thing as "One step you reach the heavens", as the Chinese saying goes.
So that's why also "Chiang Se Lau De Lak".
(Excuse me for my poor literal translation.)
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.
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.