I watched Dark Knight recently.
Amazed not so much by the stunts or effects (as you would in Terminator, Jurassic Park etc), but much for the perfect execution and portrayal of the "law of nature" - the balance and/or contrast of good versus evil (bad). Above all, the movie paints a wonderful spectrum of human nature under different circumstances.
My personal conclusion after watching the movie is, we need to recognise that the existence of Joker, who represents evil, is necessary. Without the evil (bad), we would be blind to see the good. Even Batman said his existence is not needed when Gotham City is rid of villains by Harvey Dent's anti-vice campaign. And even Bruce Wayne (Batman's civillian identity) is not spared suspicion when his auditor spotted "irregularities" in the former's "special project funding account". Come to think of it, what if one of those corporate frauds/irregualrities (Enron, China Aviation Oil, SembMarine etc) were to be like Bruce Wayne/Batman? The point is, we won't see the bad until it has proven so by something.....good.
When it comes to investing, I've had my fair share of the bad and good, unfortunately only on hind sight, which is a bad thing for it to happen, but essentially a good thing if I learn something useful from it. Here are 5+3 lessons that I've learnt and hope not to repeat:-
1) I've learnt that market timing doesn't work, at least for me.
2) I've learnt that getting head on against the market is a foolish thing to do.
3) I've learnt that buy-low-sell-high is easier said than done.
4) I've learnt that it's just luck to be able to spot or hit an exact top or bottom.
5) I've learnt that my heart and head do not work in tandem when crashes come.
That's why I'm now a follower of "drip in money", a softer (yet more powerful) way of saying dollar cost averaging. Dollar-cost averaging in short, means buying less when prices go higher and buying more when prices go lower. Dripping in money, however, conjures up an image of water dripping slowly with patience into a cup/bowl/(ocean?), like this:
And the key word of all is Patience;
Finally, I've learnt that investing:-
6) needs patience and time;
7) needs allocation;
8) needs to be boring.
Amazed not so much by the stunts or effects (as you would in Terminator, Jurassic Park etc), but much for the perfect execution and portrayal of the "law of nature" - the balance and/or contrast of good versus evil (bad). Above all, the movie paints a wonderful spectrum of human nature under different circumstances.
My personal conclusion after watching the movie is, we need to recognise that the existence of Joker, who represents evil, is necessary. Without the evil (bad), we would be blind to see the good. Even Batman said his existence is not needed when Gotham City is rid of villains by Harvey Dent's anti-vice campaign. And even Bruce Wayne (Batman's civillian identity) is not spared suspicion when his auditor spotted "irregularities" in the former's "special project funding account". Come to think of it, what if one of those corporate frauds/irregualrities (Enron, China Aviation Oil, SembMarine etc) were to be like Bruce Wayne/Batman? The point is, we won't see the bad until it has proven so by something.....good.
When it comes to investing, I've had my fair share of the bad and good, unfortunately only on hind sight, which is a bad thing for it to happen, but essentially a good thing if I learn something useful from it. Here are 5+3 lessons that I've learnt and hope not to repeat:-
1) I've learnt that market timing doesn't work, at least for me.
2) I've learnt that getting head on against the market is a foolish thing to do.
3) I've learnt that buy-low-sell-high is easier said than done.
4) I've learnt that it's just luck to be able to spot or hit an exact top or bottom.
5) I've learnt that my heart and head do not work in tandem when crashes come.
That's why I'm now a follower of "drip in money", a softer (yet more powerful) way of saying dollar cost averaging. Dollar-cost averaging in short, means buying less when prices go higher and buying more when prices go lower. Dripping in money, however, conjures up an image of water dripping slowly with patience into a cup/bowl/(ocean?), like this:
And the key word of all is Patience;Finally, I've learnt that investing:-
6) needs patience and time;
7) needs allocation;
8) needs to be boring.
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