All Bearish signs

Mostly all economy indicators all pointing down. Going forwards economy will be turning bad again. It reminds me of year 2008 where equity market coming down for slightly more than a year long bottom up in early 2009. I think equity market will keep going down for a while. So, I prefer sitting at the sideline watching while accumulating cash for crazy shopping spree when market become dirt cheap!!!

Quote of the day

"if you're not able to work on your dreams, if you're only work on work, you're not in the right place."
Quoted from Howard Behar, former president of Starbuck International

Instinct or sense need to be developed

Do you believe in your instinct? I believe.
I believe idea is generated through instinct. But how the hell those successful investor, businessman, song composer, leader that choose the path by solving tons of problems, inventor, have so much idea, non stop? Got so much instinct, non stop? Do they just lucky? Do they borned with instinct gift?

I believe not. Instinct, luck can be developed. If we prepared ourselves, focus on the problem, consistently, I believe one day, may be in 1 year, 3 years, 5 years, luck will surely come. Practice, practice, practice, failed, get up,, failed, get up, failed, get up, luck will surely come. By that time, instinct will keep on finding you.

But before that, we need to be patience.

Books nowadays

I kind of feel that book is only as good as changing our mind. The more you read, the more you know.

But reading is a passive thing. It does not lead you anywhere. You can't understand how to invest until you invest; you can't understand how to build a business until you do it; you can't understand people until you take effort to go into people's heart. Most of the book is just bullshit because they are just a mind game tempting us to keep buying book to fulfill our mind needs. They are simple, they are summary to make the commonly known difficult topic look simple.

Reading is just a guideline to guide us, and for us to avoid some mistake made by other people.
To know, we need to go through the hard way.

Ego trap

We need to keep reminding ourselves what we know is just a drop of water in the ocean. Otherwise we are prone to fall into ego trap, especially when the years go by.

We started from zero. Everyone in our society is expert to us. We were humble. We learned everything from the society and our learning curve was steep initially. As years go by, our learning curve started to flatten. New things for us to learn become lesser and lesser. Our job slowly switch to teaching the fresh entrant. Because there is nothing new to learn and no meaningful exposure, we tend to think that we know a lot, but not ego until we thought we know everything, until..........

We found another society. Their level is so much higher that makes us feel that what we know is just like a baby started to crawl.
The lucky one found out in the early year of their carreer; the unlucky one never found out until near their retirement age. The really unlucky one never ever realize that.

It is ashamed when we found out, but at least we know what we don't know. Then we become humble. Then we keep learning. Keep looking up and never give up.

Bubbles creation in progress

The only way to come out from this global economy difficulty is to create jobs, reduce the unemployment and therefore keep people spending. Only in that way the economy engine can restart again.

The problem now is we keep lowering interest rate, printing money, and all the money iis either pile up in equities or pile up in treasury bond, or pile up in gold, or property. If the economy still not running, the inflation of those asset price will eventually become bubbles that waiting to burst.

Success and failure of democracy

The success of democracy is depending on it's people. Low knowledgable people produce failure democracy. They can't regconized and retain the best leader. Even their leaders are extremely knowledgable, they eventually fail because they do not get the support from their people. Knowledgable nation's democracy is definitely successful. Their people can choose the best among the best to lead them.