Sifu's Sifu

Must read for anyone seriously want to be a successful stock investor...caution, the posts are in the hundreds..the time u spent is worth it.

Click:
http://forum.shareinvestor.com/archive/0EE7021D/

Look for Warren and Mossie (my Si-gong, Sifu's Sifus)

Quote 2 from Sifu's Sifu

 You see, the market is not a very kind, forgiving place. It does not discriminate between the rich or poor, your colour, creed, religion or even your gender. It treats one and all in the same manner.

How you are treated by Mr Market really depends on what KIND of person you are. To those who are greedy, ignorant, uneducated, lazy and uneducated; the market ROBS your $$.

But to those who are early, patient, diligent, experienced; the market rewards handsomely.

I have been serverly disciplined by the market in the past. Do read my story in the thread "Becoming A Successful Investor". Through the pain, I have come to one conclusion. In this game of investing, I am my worse enemy. Other words, whether I win or lose will depend on my own character. If I am arrogant, the market will humble me. If I am diligent, the market will reward me.

Quotes from Sifu's Sifu

Each time a crisis happened, stock markets would MELT but would always return. He has always MADE it a POINT to buy on crisis and sell on euphoria.

I said to him, "Uncle, you have always lived modestly. How come you never behaved as though had $2m in the bank?"

His reply was that he always kept a pool of money READY to deploy when CRISIS occurs. The Asian crisis was the WORSE he has ever experienced and therefore he had to DEPLOY the MOST (yes, the MOST) amount of his capital. In the meantime, he plays bits here and there just to keep abrest of what's happening.

This fine gentleman thought me all about Templeton's maxim number 7. "Bull markets are born on pessimism, grow on scepticism, mature on optimisim & DIE on euphoria."

He taught me that the time to BUY is when there is MAXIMUM pessimism, and the time of maximum optimism is the best time to SELL.

So Goldcast, there is a lesson for you and me. It is not how OFTEN you buy that makes you money. But it's knowing WHEN to buy that would make you rich. It's also having the right temperament for investing. Be BOLD when others cower in fear and be fearful when others are bold.

Hope this helps you to understand a bit more about yourself and Mr Market.

http://forum.shareinvestor.com/archive/0EE7021D/0EE7038D/0EE7038F/0EE7038F_1.html

Peter Lim(Remisier King)

"It's very difficult to make money from trading. People who get rich are those who buy a company, build it, run it. Most of the traders, they come, they make money, because they have this gambling instinct. They take the money and spend it. The minute they lose money, they got no money to pay up. "

 ‘When you are holding stocks, if it goes up, don’t be too happy; when it goes down, don’t be too sad’.

‘Otherwise, how? Your life will also be fluctuating and you’ll die of a heart attack.

‘If you really lose sleep over it, maybe the best way is to keep the money in the bank.’

---Peter Lim, Billionaire, and one of the Richest people in Singapore.

Quotes from Warren Buffett

 

Some motivational pictures!!!

 

 

 

 

 

 

 

 

 

 

 

 

Kung Fu Panda. "There are no accidents"

http://www.youtube.com/watch?v=ZiHaMZe82I4&feature=related

"Nothing is impossible"

"One often meet his destiny on the road he takes to avoid it."

"News are just news. There is no good or bad news"

"When the mind is agitated, it becomes difficult to see.
If u let it to settle, the answer becomes clear."

"There are no accidents"

"Yesterday is History,
Tommorrow is a Mystery,
Today is a gift, that's why it is called the Present"

"U just need to believe,
Promise me, u will believe,
U must believe."

"U must let go the illusion of control."

"My time has come, u must continue the journey without me."

Inspirational speech by Rocky Balboa to his son ...
http://www.youtube.com/watch?v=_Z5OookwOoY

From 2:05
"Let me tell you something you already know. The worlds aren’t all sunshine and rainbows. It's a very mean and nasty place and I don't care how tough you are it will beat you to your knees and keep you there permanently if you let it...

You've gotta hit as hard as life. It isn’t about how hard you hit, it's about how hard you can get hit and keep moving forward. How much can you take and keep moving forward? That's how winning is done.

If you know what you're worth, Go out and Get What Your Worth. But you gotta be willing to take the hits. And not pointing fingers saying you aren’t where you wanna be because of him or her or anybody. Cowards do that and that aren’t you. You're better than that."

 

Inspirational quotes

"When you take care of the downside, the upside will take care of itself."

 

"I would rather be roughly right, than precisely wrong" Warren Buffett....

 

in investing, you don't have to be precise..e.g don't try to pick (buy) a bottom (a real bottom is formed after it is passed, don't try to pick(sell) at the very peak )...just identify the trend (up or down) and ride it till it ends.

 

"Take risks.

If you are right, you will be happy.

If you are wrong, you will be wiser.

Nothing ventured, nothing gained"

 

"Run and you may live,

Fight and you may die,

But from this day on, you will be FREE!!!"    Braveheart movie

"Do or Do not. There's no try."  Jedi, Star wars.