Wednesday, June 30, 2010

Your destiny can be reached by your thoughts

Another wonderful phrase I learn from a trading course

“Watch your thoughts, for they become words.
Watch your words, for they become actions.
Watch your actions, for they become habits.
Watch your habits, for they become character.
Watch your character, for it becomes your destiny.”



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Emptiness

This is another beautiful saying by Lao Zi. It goes like this. An empty vessel has more use than a filled one. For example, if a bottle is filled, you can't use the space to fill anymore things as compared when it is empty. It is analogous to a person who is full of himself, for example he thinks that he knows everything may not learn anymore as he will refused to acknowledge that he does not know this or that or thinks that the new method that he been taught will work as compared to what he knows.

So one has to empty his or her mind before ready to accept new things. An Open mind is a beautiful mind.


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This should be an 'A'

At a chicken rice store, I over heard a conversation of an auntie telling the auntie chicken rice seller that her store should deserved an 'A' instead of a 'B'. The later replied that 'B' stands for better and having an 'A' means there's nothing more to improve.

Yesterday, during my trading course, the trainer put a quote by Lao Zi. He says "One who thinks he knows knows nothing. One who thinks he don't know knows"

Putting these two incident together, I viewed that it is better to have a 'B' grade so that one knows that s/he has still room for improvement and keep moving forward and not be complacent with an 'A' and say all has been learned.

'Keep Moving Forward', the theme for 'Meet the Robinsons' is a beautiful show that worth watching.


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Location:Tiong Bahru Market

Seeing through Noise

I love this phrase I got from a course. Basically, this comment was made from an article about the late Ng Teng Fong. An apprentice under him commented that during his day under Mr Ng, he has been a data analyzing freak. However. Mr Ng can see through all those noise which make him a very successful entrepreneur.

My interpretation is that this statement is about focus. With all the distractions around, one must still have his objective in mind.

I brought it back home and during that time, I had a problem looking for my daughter's library book. As it was a day pass due date, I was rather frustrated. I have search the house once before and to no avail. So I thought about this phrase and decided to calm myself down and focus where else have I not looked.

I found the book.


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Tuesday, June 29, 2010

Treat everyone as though they are your parents

If you have read my blog on Avatar, you will know that you move from one body to another body. Likewise, every species you see is just like you. Your mother, father, brother, sister, friends, enemy, etc are all souls which has moved through many representations and there are chances that they are once your enemy or friends on one space or the other. So treat them all well like your parents because the present enemy that you are facing could be your friend in another space.


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Avatar

I did a search on the word Avatar and found that it has really deep meanings on what it actually mean. An avatar is what represent you. For example in a forum, you represent yourself with a picture, a game board you represent yourself as a chess piece etc. So what is yourself or Who Am I? If you looked at the mirror, the person you see is the representation of you. What you see is not you. What you see is your present avatar. You are the soul virtually reside in your naval that moves from body to another body when your present avatar retires.

Your task is to improve the world be it whatever species your avatar is at any specific moment and space. The avatar is a tool for you to use to improve the world. When it retires, you cannot bring it with you. You will moved to another body and the cycle repeats. Hence, you will never die. You will only attain enlightenment when the cycle stop. So there's no need to fear death as it will never come to you.


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Blackmail?

I was looking through a post today of people black mailing people either with a naked photo, adultery photo etc. I don't see the sense why the victims always have to pay large sums of money to blackmailing. The thing is that it will never end. So if I ever been blackmail, such as a naked photo or an adultery picture, I will be the first one to reveal to the concern party and save me the money on blackmailing.


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How to deal with people asking for money

I met a 50+ auntie who came to me while I was buying food. She asked me for $2. I asked her what she need to buy with the $2. She says coffee. I bought her a coffee, not Starbucks kind but the coffee shop kind. She took the coffee and sat on the table to drink.

This is what I had been doing for people who asked me for money. Money is a mean to solve something and instead of giving money, I prefer to solve the something for them. If I have to make coffee, I will make. Giving them money will make them confused as she now has more options to choose. She can choose to eat ice kacang or McDonald Ice Tea and this will confused her and who knows, frustrate her as decision making is tedious. Also if it is not a genuine case, you may find your money given for a bad cause. So it is better to evaluate the cause and if it is ok with you, do it for her and spare her the agony of making choices.


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Location:Jurong East Market

I met a Street Marketeer

A street marketeer, promoting charity was talking to my wife while I was topping up cash cards. When I finished, I walked over and stood next to her. He smiled at me and asked me whether I am her friend. I told him that he is too late because she is my wife. :P

So I was thinking how to get out of the situation. So I told him, all these request for money has been old method and many charity organization, good or bad has resort to this method of raising money. Unfortunately most of the donors do not really know whether their money has been put to the right used or simply they don't bother. As I bother whether my monthly contribution will not be wrongly donated, I asked him how do I know whether my money is accounted for good use. He has no reply for that accept that my money is pooled to a fund to help the people in the organization.

I told him that what I will prefer to see either is I am giving the money personally to the cancer people that I am helping face to face or that they take the effort to account where my money goes to on a more individual approached rather than a general one. I hope that they can looked into this.

I had dinner with my wife and I asked how can charity now approached people who genuinely wants to help and also want to make sure that their money is put into good use. I suggested that first the organization do a tour for potential donors about what they do and during the tour they request for volunteers. The program for the volunteer should start with a non intensive work such as helping out in simple chores that take 1 to 2 hours for try out before letting people to get motivated on their own to volunteer in the more heavy program. In a way, this help to allow more people to be aware of what is happening to these people, motivation themselves to volunteer and have good faith that their money is put into good use.


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Location:Tanjong Pagar

Saturday, June 26, 2010

Why is Shorting Allowed

The financial authorities has credited that shorting is partly blame for the 2008 Financial crisis. Hence this bring me to a question why the financial authorities actually allowed shorting since it can create disastrous market problems.

I asked my brother, who is a auditor about this and he says it is due to profits. Banks make alot of profit through shorting. However this should not be a reason as this issue can cause problem in the market just like deforestation can earn money but at the expense of climate changes. Surely the financial authorities would not allowed this.

So I asked Tom Yuen, a floor trader an trainer about this question. He told me that shorting actually helps the economy. This is an interesting statement that I pondered. He later told me that shorting came up from derivatives and brought into stocks which I knew. He further elaborate how Futures came about with no answers why authorities allowed shorting.

I pondered about his statement about shorting actually help the market. I came up to this thought. If shorting is not allowed, market will be less flexible. At low price, many people will want to buy but no body will want to sell as compared to if there are shorts. So how will market move if there's no seller?


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The Next Generation

After attentding the Global Internet Seminar 2010, I met Adam, a 23 year old adult. He owns Edulink and have a number trainers who aged 40. And during the seminar, a number of presenters age around 20+. I recalled meeting a number of 20+ millionaires and business owner and I reflect to myself, how young did these guys started. Averagely, I think, 5 to 8 years and I begin to felt that there no such thing as too late to start. 5 to 8 years is pretty short and if one has the passion, one still can achieve the goal.

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