Investing
Quote of the day:
"In order to make money in the stock market, you have to first get rid of greed and fear."
Don't be greedy to sell at the highest, leave some profits for others to take. And do not be scared to cut your losses.
Sunday, December 20, 2009
Thursday, December 17, 2009
Trading
Two months ago on Oct 9, I keyed in my first stock trade into POEMS, the online trading platform by Phillip Securities. I didn't expect that at the age of 24 with such financial standing, I am able to own a stake in companies which I haven't even seen physically before. Nonetheless, with some knowledge learnt in school, I decided to put it in practice.
Unfortunately for me, I was too eager to multiply my money and took some wrong advice, I bought some lousy stocks. The worse thing was that I thought I was right after doing my own analysis. Luckily, the loss was less than 15% and I am still holding to some today. I think they will be profitable in months to come. I hope I am right.
Now, slightly more than two months later, I upgraded to a more sophisticated financial instrument called Contract for Difference (CFD). The function is the same, just that it gives you leverage. And this trading platform that I am using is able to give me as much as 10 times leverage on my trades.
What is leverage? Leverage is also known as "gearing", which is a term more oftenly used in British context. Imagine a see-saw, but this see-saw is not pivoted in the centre. Instead, it is much nearer to one end. Now you sit on the end nearer to the pivot and it tips. Do you need somemore of the same weight to sit on the other end in order for it to balance? Well, I guess you don't need to go to school for this, just go to the playground and you will get the answer.
Leverage works like this. You use a little bit to get a lot. A leverage of 10 times would mean that $10 of your money can give you $100 of something else. However, it is a double-edged sword. We have to realise that if we spend all the money compared to no leverage, which in other words mean that instead of buying just 1 LV bag that you can afford, you buy 10!! The win/loss is magnified by 10 times. However, it lets you own something that you have never dreamed before, given your financial standing. (On the side note, we know that the example on LV is a lousy one, because there is no win when you buy stupid things like expensive bags)
Indeed, such investments are risky, therefore risk management comes into play. This also means that one has to be disciplined. If you know that you are losing, then you better know when to get out and at what kind of price. For all you know, the stock might never rise to your breakeven price again. Also, with leverage, there is a need to set aside more capital to cushion losses.
On the positive side, most companies are geared in one way or another. They borrow money so they can invest in equipments (input) to produce items that they can sell (output) for a profit. Of course, if people borrow money to use and not to generate profit, that kind of person is really a moron. Not forgetting that you still have to pay interest on the loan.
So, if you want to try your hand at stocks, make sure you choose the right instruments and the right people with the right kind of experience to give you advice. You wouldn't want a big time casino gambler to give you advice, do you?
Your writer here is a trained financial personnel, both in school and financial planning. However, his experience in investments is only limited to two months.
Two months ago on Oct 9, I keyed in my first stock trade into POEMS, the online trading platform by Phillip Securities. I didn't expect that at the age of 24 with such financial standing, I am able to own a stake in companies which I haven't even seen physically before. Nonetheless, with some knowledge learnt in school, I decided to put it in practice.
Unfortunately for me, I was too eager to multiply my money and took some wrong advice, I bought some lousy stocks. The worse thing was that I thought I was right after doing my own analysis. Luckily, the loss was less than 15% and I am still holding to some today. I think they will be profitable in months to come. I hope I am right.
Now, slightly more than two months later, I upgraded to a more sophisticated financial instrument called Contract for Difference (CFD). The function is the same, just that it gives you leverage. And this trading platform that I am using is able to give me as much as 10 times leverage on my trades.
What is leverage? Leverage is also known as "gearing", which is a term more oftenly used in British context. Imagine a see-saw, but this see-saw is not pivoted in the centre. Instead, it is much nearer to one end. Now you sit on the end nearer to the pivot and it tips. Do you need somemore of the same weight to sit on the other end in order for it to balance? Well, I guess you don't need to go to school for this, just go to the playground and you will get the answer.
Leverage works like this. You use a little bit to get a lot. A leverage of 10 times would mean that $10 of your money can give you $100 of something else. However, it is a double-edged sword. We have to realise that if we spend all the money compared to no leverage, which in other words mean that instead of buying just 1 LV bag that you can afford, you buy 10!! The win/loss is magnified by 10 times. However, it lets you own something that you have never dreamed before, given your financial standing. (On the side note, we know that the example on LV is a lousy one, because there is no win when you buy stupid things like expensive bags)
Indeed, such investments are risky, therefore risk management comes into play. This also means that one has to be disciplined. If you know that you are losing, then you better know when to get out and at what kind of price. For all you know, the stock might never rise to your breakeven price again. Also, with leverage, there is a need to set aside more capital to cushion losses.
On the positive side, most companies are geared in one way or another. They borrow money so they can invest in equipments (input) to produce items that they can sell (output) for a profit. Of course, if people borrow money to use and not to generate profit, that kind of person is really a moron. Not forgetting that you still have to pay interest on the loan.
So, if you want to try your hand at stocks, make sure you choose the right instruments and the right people with the right kind of experience to give you advice. You wouldn't want a big time casino gambler to give you advice, do you?
Your writer here is a trained financial personnel, both in school and financial planning. However, his experience in investments is only limited to two months.
Sunday, November 01, 2009
Personality Test
I just took the Myer-Briggs personality test and found that the result that describes me is disturbingly accurate. Before I go into it, let me give a brief introduction to the test. This personality test is probably the world's most used test system by firms for employment suitability. Results are categorised in 4 major sections with a total of 16 personalities.
I got ENTJ, summarised by the term Fieldmarshal. According to the description, I belong to "Hardly more than two percent of the total population, Fieldmarshals are bound to lead others, and from an early age they can be observed taking command of groups." Not really for myself to judge the credibility though...
"Fieldmarshals root out and reject ineffectiveness and inefficiency, and are impatient with repetition of error." I think this is damn true though. I really can't tolerate people who keep making mistakes. Hmmm...
Oh by the way, they said Napoleon belonged to the same personality as me. Wasn't he busy conquering the world? Got time to do the test?
I just took the Myer-Briggs personality test and found that the result that describes me is disturbingly accurate. Before I go into it, let me give a brief introduction to the test. This personality test is probably the world's most used test system by firms for employment suitability. Results are categorised in 4 major sections with a total of 16 personalities.
I got ENTJ, summarised by the term Fieldmarshal. According to the description, I belong to "Hardly more than two percent of the total population, Fieldmarshals are bound to lead others, and from an early age they can be observed taking command of groups." Not really for myself to judge the credibility though...
"Fieldmarshals root out and reject ineffectiveness and inefficiency, and are impatient with repetition of error." I think this is damn true though. I really can't tolerate people who keep making mistakes. Hmmm...
Oh by the way, they said Napoleon belonged to the same personality as me. Wasn't he busy conquering the world? Got time to do the test?
Try it out here, it's free
http://www.humanmetrics.com/cgi-win/JTypes2.asp
Do leave a message to tell me your type in my tagboard.
Tuesday, October 27, 2009
Book Review
The Best I Could
Sudhas Anandan
The Best I Could
Sudhas Anandan
This is by far the best autobiography of a Singaporean that I have read. If Mr Anandan's life can be film into a movie, I am sure it will be a blockbuster as his cases are of such high profile.
If you don't even know who this guy is, I am sure you are not a Singaporean. Even if you were locked up in prison you would have heard of his big name. He is the top criminal lawyer in Singapore, having defended the most hideous criminals in your eyes. In Singapore, there is only a handful of violent crimes committed in its short 40+ year history and small island-terrain, and Subhas has defended about more than half of them.
He picked out some cases to mention in his book, from Took Liang How (of Huang Na's case) to One-eyed dragon, citing his own opinion of the proceedings which is very much different to what the media portrayed and the impact the public had on cases that are high-profile.
There is also a brief coverage of his life before becoming a lawyer dating all the way back to childhood, growing up as a defiant boy, standing up for what he feels is right. He had a exciting university life which I didn't have and beyond what most of us today can imagine. Other than that, he also mentioned of his encounters with some famous politicians like JB Jayaretnam and David Marshall.
This is written in a style for you and me and I finished it in less than a week. Truly a national icon. And makes me wonder if we will have another man like him to fight for our justice. Someone who will do the best he could.
"Even the most hideous offender deserves a proper trial."
If you don't even know who this guy is, I am sure you are not a Singaporean. Even if you were locked up in prison you would have heard of his big name. He is the top criminal lawyer in Singapore, having defended the most hideous criminals in your eyes. In Singapore, there is only a handful of violent crimes committed in its short 40+ year history and small island-terrain, and Subhas has defended about more than half of them.
He picked out some cases to mention in his book, from Took Liang How (of Huang Na's case) to One-eyed dragon, citing his own opinion of the proceedings which is very much different to what the media portrayed and the impact the public had on cases that are high-profile.
There is also a brief coverage of his life before becoming a lawyer dating all the way back to childhood, growing up as a defiant boy, standing up for what he feels is right. He had a exciting university life which I didn't have and beyond what most of us today can imagine. Other than that, he also mentioned of his encounters with some famous politicians like JB Jayaretnam and David Marshall.
This is written in a style for you and me and I finished it in less than a week. Truly a national icon. And makes me wonder if we will have another man like him to fight for our justice. Someone who will do the best he could.
"Even the most hideous offender deserves a proper trial."
Friday, October 23, 2009
Book Review
A Thousand Splendid Suns
Khaled Hosseini
(click on the picture if you want to read more reviews or to purchase it.)
A Thousand Splendid Suns
Khaled Hosseini
Congratulations to myself for finishing a fiction book since secondary school days. To be frank, I hate reading storybooks because it is a waste of time and I have many things to do. But this time, I allowed myself to read a book that had no power to enrich my life, just for the sake of relaxing after a hard day of work. By the way, I don't watch TV too.
This book is really an easy read and it managed to capture my attention to finish all 300+ pages of it. Quite a feat I must say. Might be reading The Kite Runner once I find some time to waste. HA.
This book is really an easy read and it managed to capture my attention to finish all 300+ pages of it. Quite a feat I must say. Might be reading The Kite Runner once I find some time to waste. HA.
(click on the picture if you want to read more reviews or to purchase it.)
Sunday, September 27, 2009
10 Days to PSLE
(link)
(link)
I am not retaking my PSLE so don't be mistaken. I am concerned with the twins under my tutelage as their progress have not been up to standard. I do not want them to be regretting in years to come, not being able to receive good education from a good school and mentor.
I do not know much about the quality of schools and the teachers in there, but I am pretty disgusted with the level of standard the school has been giving all these years. Both of them did not pass their exams every year. Yes you did not see wrongly. Every year. And guess what? They still managed to hit the 3rd quartile of their classes every year!! In case you do not understand, there are still a handful of students who performed worse than them.
Given the really short timeframe, I try my best to motivate them the way I motivated myself during my own exams. I made a daily activity planner and a weekly timetable so that they can fill in and be responsible for their own outcome. I told them I can only be there to guide their mistakes, the path to passing will be solely on themselves. I do not want them to take the painful way to learning and I believe the earlier one starts, the faster success will come.
I am sharing the stuff I gave them here.
I do not know much about the quality of schools and the teachers in there, but I am pretty disgusted with the level of standard the school has been giving all these years. Both of them did not pass their exams every year. Yes you did not see wrongly. Every year. And guess what? They still managed to hit the 3rd quartile of their classes every year!! In case you do not understand, there are still a handful of students who performed worse than them.
Given the really short timeframe, I try my best to motivate them the way I motivated myself during my own exams. I made a daily activity planner and a weekly timetable so that they can fill in and be responsible for their own outcome. I told them I can only be there to guide their mistakes, the path to passing will be solely on themselves. I do not want them to take the painful way to learning and I believe the earlier one starts, the faster success will come.
I am sharing the stuff I gave them here.
(link)
(link)
Thursday, September 24, 2009
Insurance and Me
Almost reaching my career anniversary and just completed a hospitalisation claim for my client. Talking about making a difference in this line, I am glad that I did the right thing and made sure that I make solid recommendations on the insurance plans that suit the needs of my clients.
I even dare to introduce myself as a healthcare financing specialist to people who don't know me. As of today, I have done claims for 4 of my clients, of which a hospitalisation claim amount of $8503.07 for a 5-day stay at Gleneagles hospital and $410 of TCM claims on an elderly policies. Mind you, it's $410 of medical treatment at a chinese bonesetter (chinese sinseh), when you thought a sprain can be easily treated with ONE visit to the sinseh. That is obviously not the case for people coming with age.
As for the hospital claim, I remembered I was around when the incident happened. My client got an excruciating back pain which she endured through the night and had to go to the A&E for treatment. She asked if she should go to Changi hospital, but I told her to go to Mount Elizabeth or Gleneagles straight, since she got the best hospitalisation plan and I was sure that she could claim the full amount if needed. Personally, after entering this line, I believe that everyone is entitled to the best medical care, not just the rich. I rather pay a known amount of insurance premium every year, to prepare myself for an unknown amount of bill size that might come my way one day.
I am very sure many many agents out there, including those who has been in this line for many years, have not done a claim before. And that kind of agents I am talking about are those who only sell savings and investment plans. Although it is also part of my job, I feel that "insurance" should be really about protection from financial loss first, then accumulation of wealth.
Wealth accumulation can come after protection and medical funding needs are fulfilled. On medical funding alone, everyone needs an integrated-shield plan, accident plan, critical illness (traditional or early payout), income replacement plan. So stop saying that you are fully covered when you only have one insurance plan. Different plans have different purposes, which is why people say insurance cheat money when they can't make a claim. That is because they didn't cover themselves adequately! So start looking into your plans and call up your consultants.
(The opinions expressed at mine, so leave me a comment if you do not agree and we can sort it out.)
I even dare to introduce myself as a healthcare financing specialist to people who don't know me. As of today, I have done claims for 4 of my clients, of which a hospitalisation claim amount of $8503.07 for a 5-day stay at Gleneagles hospital and $410 of TCM claims on an elderly policies. Mind you, it's $410 of medical treatment at a chinese bonesetter (chinese sinseh), when you thought a sprain can be easily treated with ONE visit to the sinseh. That is obviously not the case for people coming with age.
As for the hospital claim, I remembered I was around when the incident happened. My client got an excruciating back pain which she endured through the night and had to go to the A&E for treatment. She asked if she should go to Changi hospital, but I told her to go to Mount Elizabeth or Gleneagles straight, since she got the best hospitalisation plan and I was sure that she could claim the full amount if needed. Personally, after entering this line, I believe that everyone is entitled to the best medical care, not just the rich. I rather pay a known amount of insurance premium every year, to prepare myself for an unknown amount of bill size that might come my way one day.
I am very sure many many agents out there, including those who has been in this line for many years, have not done a claim before. And that kind of agents I am talking about are those who only sell savings and investment plans. Although it is also part of my job, I feel that "insurance" should be really about protection from financial loss first, then accumulation of wealth.
Wealth accumulation can come after protection and medical funding needs are fulfilled. On medical funding alone, everyone needs an integrated-shield plan, accident plan, critical illness (traditional or early payout), income replacement plan. So stop saying that you are fully covered when you only have one insurance plan. Different plans have different purposes, which is why people say insurance cheat money when they can't make a claim. That is because they didn't cover themselves adequately! So start looking into your plans and call up your consultants.
(The opinions expressed at mine, so leave me a comment if you do not agree and we can sort it out.)
Tuesday, September 15, 2009
CPF LIFE
My father recently received a mailer from CPF ahead of his 59th birthday, asking him to choose a from a range of 4 plans that will determine his monthly payout from age 63 onwards. Seriously, the difference is only about $20 dollars per month and whether you want to leave some money to buy a nicer coffin. What do we call this, freedom of choice?
"LIFE" actually stands for something, which I am sure nobody gives a damn. It essentially pays you a sum of money for the rest of your LIFE and I think you would be more interested in the amount then the name.
I am very sure that in the future, our CPF savings will not be able to see us through retirement. Citing my dad as the example, he took out 50% of his CPF savings when we was 55, which was some $40,000 and this sum was supposed to last for 8 years, which works out to $5,000 a year. How to retire? Oh sorry, government got say cannot retire. By the way, the withdrawal at 55 is lesser than 50% now.
And the Balanced plan will pay about $360 per month. I do not know how this is enough to survive. Of course, I have to take the role of topping up the expenses when the time comes. If we look at the scenario where an individual has no children, he chooses the Income plan and leave nothing when he passes on. That will be $400 per month. So what's the solution? Work till die, die, or go to Malaysia and die. Excellent.
Back to the point where I said CPF savings will not be able to see us through retirement in the future. Look, these days we are paying our housing instalments using CPF and the contribution rate is not like the past. Did you know that in 1968, the contribution rate was 25% each from the employer and employee making a total of 50%? Thirdly, the interest rate now is so pathetic. Plus the living standards in this country is world class, I reckon we have to work till we die.
So how? Other financial instruments have to come in to ensure proper retirement planning. Long term illiquid savings that locks in your money till retirement is a must. Next, investment in financial markets can also achieve this goal. People who reach retirement age like to change their investment portfolio to one of fixed income, so they can have a regular income stream from coupon payments. It is not difficult, but your bank savings is not able to work hard enough for that to happen.
In conclusion, my dad wanted to take the plan with higher payout. To which I replied, "You know when you will die? Later money no more how?"
I am very sure that in the future, our CPF savings will not be able to see us through retirement. Citing my dad as the example, he took out 50% of his CPF savings when we was 55, which was some $40,000 and this sum was supposed to last for 8 years, which works out to $5,000 a year. How to retire? Oh sorry, government got say cannot retire. By the way, the withdrawal at 55 is lesser than 50% now.
And the Balanced plan will pay about $360 per month. I do not know how this is enough to survive. Of course, I have to take the role of topping up the expenses when the time comes. If we look at the scenario where an individual has no children, he chooses the Income plan and leave nothing when he passes on. That will be $400 per month. So what's the solution? Work till die, die, or go to Malaysia and die. Excellent.
Back to the point where I said CPF savings will not be able to see us through retirement in the future. Look, these days we are paying our housing instalments using CPF and the contribution rate is not like the past. Did you know that in 1968, the contribution rate was 25% each from the employer and employee making a total of 50%? Thirdly, the interest rate now is so pathetic. Plus the living standards in this country is world class, I reckon we have to work till we die.
So how? Other financial instruments have to come in to ensure proper retirement planning. Long term illiquid savings that locks in your money till retirement is a must. Next, investment in financial markets can also achieve this goal. People who reach retirement age like to change their investment portfolio to one of fixed income, so they can have a regular income stream from coupon payments. It is not difficult, but your bank savings is not able to work hard enough for that to happen.
In conclusion, my dad wanted to take the plan with higher payout. To which I replied, "You know when you will die? Later money no more how?"
Saturday, September 12, 2009
Who Objected to My Happiness?
You know, this may sound so ironic. Does anyone has the right to put an objection to your life? Do you believe in the butterfly effect?
I don't know how the conversation would sound like. Maybe something like this, "hey mum, thanks for your strong objection then. You were right and I was wrong."
I do not know if a particular decision can result in a different ending. Not that I really care it, just that I feel it isn't fair to me. Should I say, "Hey thanks for that objection too. Because of you I learnt to take disappointments, suck it up and move on. See what an impact you have made in my life."
=)
I don't know how the conversation would sound like. Maybe something like this, "hey mum, thanks for your strong objection then. You were right and I was wrong."
I do not know if a particular decision can result in a different ending. Not that I really care it, just that I feel it isn't fair to me. Should I say, "Hey thanks for that objection too. Because of you I learnt to take disappointments, suck it up and move on. See what an impact you have made in my life."
=)
Friday, September 11, 2009
Items so old that I can't believe I'm still using
This yellow file has been with me since sec2. Yes, that would be year 2000. Till today, I am still using it to protect my documents and school work. I remembered that I bought it sometime in the early part of the year (who still remembers such trival things 9 years ago?!). What I am sure is that it cost $2 and I got it at a DIY shop in Tampines Mart.
I like this file so much because of its ability to detach (held together by an internal clip) when the contents are too thick, telling you that it is overloaded, which is the reason why it is still alive today. This is unlike similar files we see, where the joint is weak and there is no way to fix back once it gives way. Even 9 years ago, it was hard to find a file like this.
One look at it I realised that there are dust trapped in areas that are impossible to clean. Bright yellow has became dull yellow. Even so, I still can't bear to throw it away.
Incidentally, it also says Made in Japan.
I like this file so much because of its ability to detach (held together by an internal clip) when the contents are too thick, telling you that it is overloaded, which is the reason why it is still alive today. This is unlike similar files we see, where the joint is weak and there is no way to fix back once it gives way. Even 9 years ago, it was hard to find a file like this.
One look at it I realised that there are dust trapped in areas that are impossible to clean. Bright yellow has became dull yellow. Even so, I still can't bear to throw it away.
Incidentally, it also says Made in Japan.
Monday, September 07, 2009
Good Food Must Share
Famous Sungei Road Trishaw Laksa
#02-67, Hong Lim Food Centre
Pictures are shown to tell
people how nice the food is.
Right.
Famous Sungei Road Trishaw Laksa
#02-67, Hong Lim Food Centre
Don't be mistaken, I am not turning this into a food blog, just had some really delicious food and decided that I must share this with my friends.
Hong Lim Food Centre houses some really good food stalls, like the crayfish hor fun and prawn noodles. However, this laksa stall really deserve some solid comments from me. It serves mee siam, mee rubus and laksa. The uncle was really friendly when I approached to order. He asked if I would like the "speciality dish" laksa, which costs $5. Fortunately I didn't turn him down!
Food took awhile to prepare, which was quite surprising... Laksa leh, need to take how long? The chilli is not fantastic and gravy is not too strong like katong laksa, very much to my liking. I ordered without prawns, to which I got crayfish (1 whole), chicken breast, cockles (big!), egg, tou pok, fishcake. Needed some help to stir the noodles from the bottom. Who said $5 is expensive?
After the bowl was emptied, the stall uncle came to my table and asked if it was good. I guess he already knew the answer...
Hong Lim Food Centre houses some really good food stalls, like the crayfish hor fun and prawn noodles. However, this laksa stall really deserve some solid comments from me. It serves mee siam, mee rubus and laksa. The uncle was really friendly when I approached to order. He asked if I would like the "speciality dish" laksa, which costs $5. Fortunately I didn't turn him down!
Food took awhile to prepare, which was quite surprising... Laksa leh, need to take how long? The chilli is not fantastic and gravy is not too strong like katong laksa, very much to my liking. I ordered without prawns, to which I got crayfish (1 whole), chicken breast, cockles (big!), egg, tou pok, fishcake. Needed some help to stir the noodles from the bottom. Who said $5 is expensive?
After the bowl was emptied, the stall uncle came to my table and asked if it was good. I guess he already knew the answer...
Pictures are shown to tell
people how nice the food is.
Right.
Sunday, September 06, 2009
Book Review
Against The Gods: The Remarkable Story of Risk
Peter L. Bernstein
Against The Gods: The Remarkable Story of Risk
Peter L. Bernstein
This book is a classic worldwide bestseller that covers really in depth on the topic of risk measurement and management. From the title "Story of Risk", it can be translated to "history of statistics" dating back from 1200s to modern times. Names suchs as Keynes, Pascal, the Bernoullis, Laplace, Galton etc are mentioned in great detail as they contributed much to what we have now (such as the bell curve).
As a matter of fact, I do not really understand the earlier chapters as the subject matter and the depth of it tend to bore me out. But I have to admit that if the interest is there, it would be a tremendous read. However, as it approaches the last third of the book, topics covered becomes more relevant to what I have learnt, therefore understanding became easier.
John von Neumann is a name that facinated me. According to the author, he is the inventor of game theory and many other fields from economics to quantum mechanics. He also contributed to the utility theory (where satisfaction is measured, isn't it amusing). If you don't think that is facinating, then you probably won't be surprised that risk can also be measured. Harry Markowitz taught us that risk can be measured by something he called "variance", derived from a normal distribution. Until today this concept is still debated and I still do not understand how a value of variance tell me if I should make a gamble.
Financial engineering is not too old but has its roots in the aboved mentioned names as well. In the past people take on certain risk and win (or lose) to the house. Today, it is possible for risk to be traded through derivatives, first invented by some brillant mathe- maticians called Fisher Black, Myron Scholes and Robert Merton. Risk now has a monetary value attached. The market for options exploded not long after their paper on option pricing saw light in the world with the Chicago Board Options Exchange (CBOE) performing this function for bankers, institutions and commoners alike.
Just like what we saw in the subprime crisis, where some banks created stupid risks and won, and AIG became the ultimate loser.
This is definitely a must read for deeply interested in mathe- matics, statistics and risk. Will revisit this book again in the near future for a better understanding.
As a matter of fact, I do not really understand the earlier chapters as the subject matter and the depth of it tend to bore me out. But I have to admit that if the interest is there, it would be a tremendous read. However, as it approaches the last third of the book, topics covered becomes more relevant to what I have learnt, therefore understanding became easier.
John von Neumann is a name that facinated me. According to the author, he is the inventor of game theory and many other fields from economics to quantum mechanics. He also contributed to the utility theory (where satisfaction is measured, isn't it amusing). If you don't think that is facinating, then you probably won't be surprised that risk can also be measured. Harry Markowitz taught us that risk can be measured by something he called "variance", derived from a normal distribution. Until today this concept is still debated and I still do not understand how a value of variance tell me if I should make a gamble.
Financial engineering is not too old but has its roots in the aboved mentioned names as well. In the past people take on certain risk and win (or lose) to the house. Today, it is possible for risk to be traded through derivatives, first invented by some brillant mathe- maticians called Fisher Black, Myron Scholes and Robert Merton. Risk now has a monetary value attached. The market for options exploded not long after their paper on option pricing saw light in the world with the Chicago Board Options Exchange (CBOE) performing this function for bankers, institutions and commoners alike.
Just like what we saw in the subprime crisis, where some banks created stupid risks and won, and AIG became the ultimate loser.
This is definitely a must read for deeply interested in mathe- matics, statistics and risk. Will revisit this book again in the near future for a better understanding.
Thursday, September 03, 2009
Book Review
Secrets of Millionaire Investors
Adam Khoo & Conrad Alvin Lim
Secrets of Millionaire Investors
Adam Khoo & Conrad Alvin Lim
Somehow, having read Adam Khoo's work before, I believe this book is the sole work of Adam. Maybe he knows that he's publishing too many books and people are starting to feel cheated reading repeated content.
As usual, the delivery is concise and the layout is well divided with headers explaining what is going to come next (also a sign of thick book with little content). Pictures explained his points well. In this book, investing strategies such as long term investing, value investing, momentum investing and options trading are covered, but with very little depth. Steps to select appropriate stocks were covered, which is good for a start, but also a good start to introduce his courses to readers. HA.
However, as a person who has been introduced to finance before and the fact that this book is more of a dummy's guide (there aren't many secrets in there, by the way), I do not know how the dummy thinks of the content. Almost a third of the book covers the topic which I'm proficient at, which is options mechanics and trading strategies. Good thing is, Adam introduced some very useful websites for research of a appropriate stocks.
And if you are thinking that this Singaporean is writing about investing in the Singapore Stock Market, you can save your money to buy some other books that teach you how to cook instead. He is right for simple reasons that Singapore market is not liquid enough as compared to US and also a much wider selection of stocks in the US. Then again, if you are into long term holding, it is important to know the company you are about to buy. Now what?
Nonetheless, it is a good book to start with, at least it won't bore you out.
As usual, the delivery is concise and the layout is well divided with headers explaining what is going to come next (also a sign of thick book with little content). Pictures explained his points well. In this book, investing strategies such as long term investing, value investing, momentum investing and options trading are covered, but with very little depth. Steps to select appropriate stocks were covered, which is good for a start, but also a good start to introduce his courses to readers. HA.
However, as a person who has been introduced to finance before and the fact that this book is more of a dummy's guide (there aren't many secrets in there, by the way), I do not know how the dummy thinks of the content. Almost a third of the book covers the topic which I'm proficient at, which is options mechanics and trading strategies. Good thing is, Adam introduced some very useful websites for research of a appropriate stocks.
And if you are thinking that this Singaporean is writing about investing in the Singapore Stock Market, you can save your money to buy some other books that teach you how to cook instead. He is right for simple reasons that Singapore market is not liquid enough as compared to US and also a much wider selection of stocks in the US. Then again, if you are into long term holding, it is important to know the company you are about to buy. Now what?
Nonetheless, it is a good book to start with, at least it won't bore you out.
Sunday, August 30, 2009
Tuesday, August 18, 2009
Book Review
Use Your Head
Tony Buzan
Use Your Head
Tony Buzan
This is a classic book published in 1974. Mr Tony Buzan, inventor of Mind Maps, tells you why Mind Maps is the correct technique to adopt, not only for studying, but also in many aspects of life where information, creativity, memory is needed. This is also the one and only book that contains the same technique to my academic success.
As explained in the book, note taking should never be in linear form, cos it doesn't link the points together in a way that enables easy recall (normal people will memorise). Putting the core idea in the centre and spreading out shows the importance of points. Every point should be in keywords, and hand drawn pictures can be added to act as anchors (the more ridiculous it is, the easier to remember). Colours can be added to separate different points. It is that simple.
I heard about "Mind Map" since young but was never taught the right way of doing it. So please, all NIE teachers learn the proper way of doing it and don't teach your students the wrong thing!! I am seriously doubting the NIE syllabus where our students today are being exposed to more and more difficult text but are not taught the proper way of handling increasing materials.
In the introduction of the book, Mr Buzan published the Edward Hughes story - Of a mediocre student transformed into the top 'A' level student and moving on to great things in life with the introduction of Mind Map into his life. No doubt, I am abit late, but I dare say I am also one of the "Edward Hughes" story. However I do believe that learning is only complete when we pass on the knowledge.
It is still a classic today. It never runs out of date.
As explained in the book, note taking should never be in linear form, cos it doesn't link the points together in a way that enables easy recall (normal people will memorise). Putting the core idea in the centre and spreading out shows the importance of points. Every point should be in keywords, and hand drawn pictures can be added to act as anchors (the more ridiculous it is, the easier to remember). Colours can be added to separate different points. It is that simple.
I heard about "Mind Map" since young but was never taught the right way of doing it. So please, all NIE teachers learn the proper way of doing it and don't teach your students the wrong thing!! I am seriously doubting the NIE syllabus where our students today are being exposed to more and more difficult text but are not taught the proper way of handling increasing materials.
In the introduction of the book, Mr Buzan published the Edward Hughes story - Of a mediocre student transformed into the top 'A' level student and moving on to great things in life with the introduction of Mind Map into his life. No doubt, I am abit late, but I dare say I am also one of the "Edward Hughes" story. However I do believe that learning is only complete when we pass on the knowledge.
It is still a classic today. It never runs out of date.
Saturday, August 15, 2009
Drive Drove Driven
Thinking back, I was a piece of slack shit in the past. Me today and the me some years ago are not the same person. What changed me? And when was my turning point?
To investigate my turning point, I had to recall the friends I met in the past that had not met me in a long time. And I found it. It was during army. Not the beginning of army - but 2 months into it. I found out through my long lost BMT buddy last week. He was surprised with the things that I told him.
So what is it...? It is the array of failure that I went through during that phase of life. Failure in BMT, failure during SISPEC made me realise that I was really quite useless, even at the area that I thought I was good. In the process I met some really educated people and a bunch of uneducated soldiers, whom taught me about life in ways which I had never known before.
I looked at them and looked at myself. I didn't want to be useless anymore. So I started picking up materials that had the power to change my life. I give the best in everything I do. I demand the best from people around me. I don't take nonsense and excuses for non-performance.
At this juncture, I feel that I'm stronger than superman. Holding a job that demands so much hardwork and rejection is no easy feat. I have to constantly upgrade my own knowledge in this line and conduct myself fit and proper. Other than that, I have 2 kids to perpare for PSLE. On top of that, my own academic responsibility is starting to scare myself as well. Going into the last year of study, I signed up for Chartered Financial Analyst exam that is coming in December. As if I'm not busy enough right.
But it's ok. I will conquer every single one of them. I have the techniques to achieve academic excellence. Woosh!!!
Thinking back, I was a piece of slack shit in the past. Me today and the me some years ago are not the same person. What changed me? And when was my turning point?
To investigate my turning point, I had to recall the friends I met in the past that had not met me in a long time. And I found it. It was during army. Not the beginning of army - but 2 months into it. I found out through my long lost BMT buddy last week. He was surprised with the things that I told him.
So what is it...? It is the array of failure that I went through during that phase of life. Failure in BMT, failure during SISPEC made me realise that I was really quite useless, even at the area that I thought I was good. In the process I met some really educated people and a bunch of uneducated soldiers, whom taught me about life in ways which I had never known before.
I looked at them and looked at myself. I didn't want to be useless anymore. So I started picking up materials that had the power to change my life. I give the best in everything I do. I demand the best from people around me. I don't take nonsense and excuses for non-performance.
At this juncture, I feel that I'm stronger than superman. Holding a job that demands so much hardwork and rejection is no easy feat. I have to constantly upgrade my own knowledge in this line and conduct myself fit and proper. Other than that, I have 2 kids to perpare for PSLE. On top of that, my own academic responsibility is starting to scare myself as well. Going into the last year of study, I signed up for Chartered Financial Analyst exam that is coming in December. As if I'm not busy enough right.
But it's ok. I will conquer every single one of them. I have the techniques to achieve academic excellence. Woosh!!!
Friday, August 07, 2009
Book Review
The Armchair Economist: Economics and Everyday Life
Steven E. Landsburg
This book is supposed to be "Economics and everyday life", unfortunately it is not in everyday's language. This book is far too technical for the average person not trained in economics, furthermore I cannot relate the topics discussed to everyday life. So it's either the title is lying or I am damn stupid. I choose to believe the former.
Worse of all, this is the one book where the author keeps criticising other people on their knowledge of economics. I know people who write books always think they are superior beings, but not to this extent of criticism please.
Conclusion: One of the worst books ever read.
The Armchair Economist: Economics and Everyday Life
Steven E. Landsburg
This book is supposed to be "Economics and everyday life", unfortunately it is not in everyday's language. This book is far too technical for the average person not trained in economics, furthermore I cannot relate the topics discussed to everyday life. So it's either the title is lying or I am damn stupid. I choose to believe the former.
Worse of all, this is the one book where the author keeps criticising other people on their knowledge of economics. I know people who write books always think they are superior beings, but not to this extent of criticism please.
Conclusion: One of the worst books ever read.
Sunday, August 02, 2009
Having Lived 23 years
Yes, it's my birthday again. And I'm going to say the same thing again that as one gets older, the day just seems like any other day. I don't want to grow old when I am not done with what I want to do yet.
I hope that on my birthday in 20 years time, I can buy myself my dream car.
Maserati GranTurismo S - $500,000 in 2009. How much will it be in year 2029? I will buy it if I have $2.5 million in my bank (in today's dollars) since it will only represent 20% of my cash. For now, I need to buy several Monopolys to make that amount.
This being the 3rd year, my girlfriend bought me a very unique mug! It's the iconic Mr P! The mug is filled with sweets which signifies overflowing sweetness. How nice is it. =)
Other than that... there's no more presents. Haha. I guess this is what happens when one gets older. Not saying that I got alot of presents in the past though. So I decided to buy something for myself.
This pair of Pedro shoes is what I am looking for and not overpriced. Classic design.
Also, I took out the watch that I purchased last year, which was intended for investment purposes, but it turns out to be wrong. Yes I admit that it was a poor decision to buy it even though it's a limited edition. I take full blame for that. For the time being, it will be well taken care of on my wrist. Original strap has been changed to the replacement one so that it will be pristine if I decide to sell it in the future.
Number 132 of 500
Azimuth Bombardier V
Yes, it's my birthday again. And I'm going to say the same thing again that as one gets older, the day just seems like any other day. I don't want to grow old when I am not done with what I want to do yet.
I hope that on my birthday in 20 years time, I can buy myself my dream car.
Maserati GranTurismo S - $500,000 in 2009. How much will it be in year 2029? I will buy it if I have $2.5 million in my bank (in today's dollars) since it will only represent 20% of my cash. For now, I need to buy several Monopolys to make that amount.
This being the 3rd year, my girlfriend bought me a very unique mug! It's the iconic Mr P! The mug is filled with sweets which signifies overflowing sweetness. How nice is it. =)
Other than that... there's no more presents. Haha. I guess this is what happens when one gets older. Not saying that I got alot of presents in the past though. So I decided to buy something for myself.
This pair of Pedro shoes is what I am looking for and not overpriced. Classic design.
Also, I took out the watch that I purchased last year, which was intended for investment purposes, but it turns out to be wrong. Yes I admit that it was a poor decision to buy it even though it's a limited edition. I take full blame for that. For the time being, it will be well taken care of on my wrist. Original strap has been changed to the replacement one so that it will be pristine if I decide to sell it in the future.
Number 132 of 500
Azimuth Bombardier V
Saturday, August 01, 2009
Insurance and You - An open letter to my friends
100,000 Lack MediShield (The Straits Times 29 July, 2009)
The topic tells it all. 100,000 Singaporeans lack the basic MediShield that everyone of us MUST have due to the escalating medical costs in Singapore. On top of that, the government is encouraging all of us to take up a private integrated shield plan that has the ability of offset the cost of medical treatment to zero.
As it is a government effort, this plan can be paid by CPF Medisave account that cost no more than $15/month. Those who have not taken up any yet, please contact me for an appointment so that I can let you understand more on this government initiative. And for those who already have it (whether with me or not), please help your friends who do not know by forwarding this to them. I am one of the top producers on Healthcare insurance in my agency, so be rest assured that I know my stuff well that cancer treatment can easily cost $300,000 in Singapore.
Health insurance is the hardest to buy. Get it when you are still healthy, or you will never need it again. Everyone is entitled to the best medical care, including you.
Regards
Ong Ze Qi Jacky
Life Planner
Financial Services
Mobile: 9637 0459
Direct: 6417 6617
Fax: 6417 5985
Representing: The Great Eastern Life Assurance Company Limited Reg. No. 1908 00011G (Members of the OCBC Group)
100,000 Lack MediShield (The Straits Times 29 July, 2009)
The topic tells it all. 100,000 Singaporeans lack the basic MediShield that everyone of us MUST have due to the escalating medical costs in Singapore. On top of that, the government is encouraging all of us to take up a private integrated shield plan that has the ability of offset the cost of medical treatment to zero.
As it is a government effort, this plan can be paid by CPF Medisave account that cost no more than $15/month. Those who have not taken up any yet, please contact me for an appointment so that I can let you understand more on this government initiative. And for those who already have it (whether with me or not), please help your friends who do not know by forwarding this to them. I am one of the top producers on Healthcare insurance in my agency, so be rest assured that I know my stuff well that cancer treatment can easily cost $300,000 in Singapore.
Health insurance is the hardest to buy. Get it when you are still healthy, or you will never need it again. Everyone is entitled to the best medical care, including you.
Regards
Ong Ze Qi Jacky
Life Planner
Financial Services
Mobile: 9637 0459
Direct: 6417 6617
Fax: 6417 5985
Representing: The Great Eastern Life Assurance Company Limited Reg. No. 1908 00011G (Members of the OCBC Group)
Wednesday, July 29, 2009
Traits to Succeed - Part 1
I'm starting a new section on the most important aspect of a human being - Personality. Why do some people know what to do to get on the right track, whereas some of the rest just keep screwing things up? Is it because of certain things people do? Or is it pure luck? In this new series, we will look into just that.
I am not going to start with the most important trait, yet. Today, we are going to look at one trait that is often being scorned upon - Salesmanship.
"Wtf? Salesmanship? I hate sales!!", that is the first thing that I am going to expect from most of you. Unfortunately, like it or not, this is one of the most important trait of entrepreneurs, CEOs and people who earn loads of money. No doubt, we associate salespeople with qualities like cheating, lowly job, area for the uneducated. But let's not forget that they are also the people who earns the best money with assets that are God-given, which are the brain and the mouth. Formal schooling is secondary.
What I really mean here is the selling of concepts and ideas. Everyone has ideas. Some keep to themselves, some love to present to others so that people can buy it, give feedback to improve it. Successful people make sales pitches to the right people, to borrow money, or to make use of their talent.
What we didn't realise is that we put this skill to use everyday, without you even knowing it yourself. As long as you have a working vocal cord, friends and talk to them, salesmanship is at work. For example, you remember that you ate a very nice plate of chicken rice some time ago and want to go back for that same plate of delicious chicken rice today for lunch, so you tell your friend how nice that plate of chicken rice is and that he should have it together with you later. He agrees and off you go, hand in hand, arm in arm, or whatever the way you like to walk.
So what have you just done? You tried to sell an idea to your friend and succeeded.
Can you persuade people to part with their money because of a good idea?
Coincidentally, good salesmen also have good social skills, which will be the trait that we discuss next.
I'm starting a new section on the most important aspect of a human being - Personality. Why do some people know what to do to get on the right track, whereas some of the rest just keep screwing things up? Is it because of certain things people do? Or is it pure luck? In this new series, we will look into just that.
I am not going to start with the most important trait, yet. Today, we are going to look at one trait that is often being scorned upon - Salesmanship.
"Wtf? Salesmanship? I hate sales!!", that is the first thing that I am going to expect from most of you. Unfortunately, like it or not, this is one of the most important trait of entrepreneurs, CEOs and people who earn loads of money. No doubt, we associate salespeople with qualities like cheating, lowly job, area for the uneducated. But let's not forget that they are also the people who earns the best money with assets that are God-given, which are the brain and the mouth. Formal schooling is secondary.
What I really mean here is the selling of concepts and ideas. Everyone has ideas. Some keep to themselves, some love to present to others so that people can buy it, give feedback to improve it. Successful people make sales pitches to the right people, to borrow money, or to make use of their talent.
What we didn't realise is that we put this skill to use everyday, without you even knowing it yourself. As long as you have a working vocal cord, friends and talk to them, salesmanship is at work. For example, you remember that you ate a very nice plate of chicken rice some time ago and want to go back for that same plate of delicious chicken rice today for lunch, so you tell your friend how nice that plate of chicken rice is and that he should have it together with you later. He agrees and off you go, hand in hand, arm in arm, or whatever the way you like to walk.
So what have you just done? You tried to sell an idea to your friend and succeeded.
Can you persuade people to part with their money because of a good idea?
Coincidentally, good salesmen also have good social skills, which will be the trait that we discuss next.
Monday, July 13, 2009
Saturday, July 04, 2009
Book Review
Think Like a Maths Genius
Arthur Benjamin and Michael Shermer
This, is a book of magic. Arthur Benjamin makes you rethink what you have learnt in elementary school, and that is totally inefficient. We used to learn addition and subtraction from the right to the left, but this genius here is telling us that left to right is the right way of doing! Other than that, he teaches us to break down digits for easier multiplication and even squaring.
The second half of the book introduces mnemonics as a way of remembering large numbers that enable you to handle 4-by-4 multiplication or 4-digit squares. Simply breathtaking.
Using the wonder of algebra, Benjamin also taught us afew tricks that will make you seem like you can read minds. Check out this book to impress the kids.
A must read for all with interest in maths.
Think Like a Maths Genius
Arthur Benjamin and Michael Shermer
This, is a book of magic. Arthur Benjamin makes you rethink what you have learnt in elementary school, and that is totally inefficient. We used to learn addition and subtraction from the right to the left, but this genius here is telling us that left to right is the right way of doing! Other than that, he teaches us to break down digits for easier multiplication and even squaring.
The second half of the book introduces mnemonics as a way of remembering large numbers that enable you to handle 4-by-4 multiplication or 4-digit squares. Simply breathtaking.
Using the wonder of algebra, Benjamin also taught us afew tricks that will make you seem like you can read minds. Check out this book to impress the kids.
A must read for all with interest in maths.
Saturday, June 27, 2009
Book Review
The Long Tail
Chris Anderson
This book is on the future of marketing using the internet, how the tail on the bell curve is extended out and the head flattened (see diagram). The invention of internet brings marvellous benefits and changes to the behaviour of the population. People can now have endless choice for a product due to zero inventory costs as compared to bricks-and-mortar stores where shelf space is money. Also, word of mouth spreads faster through the medium as it can be seen by the world (think blogs, subject specific forums).
This is useful for people studying consumer behaviour on the micro level, how demand shift from hits to niches. Really useful book but don't really appeal to me. Don't really like the style of writing as I don't see the proper flow of content and it gets repetitve.
Only for people in the area of IT, marketing.
The Long Tail
Chris Anderson
This book is on the future of marketing using the internet, how the tail on the bell curve is extended out and the head flattened (see diagram). The invention of internet brings marvellous benefits and changes to the behaviour of the population. People can now have endless choice for a product due to zero inventory costs as compared to bricks-and-mortar stores where shelf space is money. Also, word of mouth spreads faster through the medium as it can be seen by the world (think blogs, subject specific forums).
This is useful for people studying consumer behaviour on the micro level, how demand shift from hits to niches. Really useful book but don't really appeal to me. Don't really like the style of writing as I don't see the proper flow of content and it gets repetitve.
Only for people in the area of IT, marketing.
Friday, June 26, 2009
New Look
Changed a new layout to make the blog nicer. Rather than just my face sitting there permanently and scaring people away, I've decided to put a meaningful picture on the heading representing the theme of this place. I scoured the web for nice pictures of books but to no avail, so I settled for this picture that you are seeing right now.
Why books? Because books represent knowledge and the desire to learn, because books represent a big part of my life now, and that education forms a very important role in a person's life. It shapes the values in you and guides you to the place you want to go.
This, is telling us about life. In life, there are obstacles. And you have to climb over the obstacles to see the world on the other side, which is uncertain. But often, the world on the other side is the world we want to see, no matter how bad it looks, because we choose to be there. So, learn to overcome it, the bigger it is, the more you will appreciate the scenery on the other side.
Is it a coincidence that "earn" is part of "learn"? Think about it.
Changed a new layout to make the blog nicer. Rather than just my face sitting there permanently and scaring people away, I've decided to put a meaningful picture on the heading representing the theme of this place. I scoured the web for nice pictures of books but to no avail, so I settled for this picture that you are seeing right now.
Why books? Because books represent knowledge and the desire to learn, because books represent a big part of my life now, and that education forms a very important role in a person's life. It shapes the values in you and guides you to the place you want to go.
This, is telling us about life. In life, there are obstacles. And you have to climb over the obstacles to see the world on the other side, which is uncertain. But often, the world on the other side is the world we want to see, no matter how bad it looks, because we choose to be there. So, learn to overcome it, the bigger it is, the more you will appreciate the scenery on the other side.
Is it a coincidence that "earn" is part of "learn"? Think about it.
Tuesday, June 02, 2009
Desperation
Now that exams are over, the books lying around the house have to be packed properly and orderly since there is a chance that I might need to use it again (you wish I da bao) for my CFA exam later this December.
Some of my peers are still suffering the long and arduous ride sitting in the exam hall or losing the battle halfway through. Thinking back, it was tough during the last week of exams. However, no matter how unfavourable circumstances are, I do not waste time in blaming anyone, instead I use it to work doubly hard. No point whining since no one can change that.
I was desperate during that last burst of revision. To conquer that, I woke up almost every other day at 6am, studied for 2 hours and napped till 9am, afterwhich proceeded to the library for the rest of the day. As I said before and say again, I do not believe in burning the midnight oil. Go ahead and be part of the study-late gang if you like.
I used everything to boost my own morale. Chicken essence, visit to temple and whatever not. I use these unseen forces to deceive my brain that I am one level higher than my previous body. How stupid does that sound, right? You can program your brain for more of that if you know how to.
I even drew up my own timetable to ensure that I was on the right track.
Now that exams are over, the books lying around the house have to be packed properly and orderly since there is a chance that I might need to use it again (you wish I da bao) for my CFA exam later this December.
Some of my peers are still suffering the long and arduous ride sitting in the exam hall or losing the battle halfway through. Thinking back, it was tough during the last week of exams. However, no matter how unfavourable circumstances are, I do not waste time in blaming anyone, instead I use it to work doubly hard. No point whining since no one can change that.
I was desperate during that last burst of revision. To conquer that, I woke up almost every other day at 6am, studied for 2 hours and napped till 9am, afterwhich proceeded to the library for the rest of the day. As I said before and say again, I do not believe in burning the midnight oil. Go ahead and be part of the study-late gang if you like.
I used everything to boost my own morale. Chicken essence, visit to temple and whatever not. I use these unseen forces to deceive my brain that I am one level higher than my previous body. How stupid does that sound, right? You can program your brain for more of that if you know how to.
I even drew up my own timetable to ensure that I was on the right track.
Not a very humble student, I must say.
Sunday, May 31, 2009
Discipline
I cracked my brains over the weekend on how to start my lesson plans to teach the two underachieving kids at home. Sticking to the main principle of discipline and accountability for their own actions, I have decided to come out with a weekly timetable and a daily planner for them over this June holidays and filing their progress in a file. The worst thing that can happen to kids is to start to slack, especially during the holidays where they start to sleep late and forget how the school looks like.
Of course, kids will never understand the meaning of discipline and accountability at their age, therefore I have to give them hands-on and most importantly, lead by example. Rewards definitely have to be in the picture as well, for kids are just kids and these are their pushing force. On that, balance of punishment and reward must be present.
If there are any parents interested to know how I do it, feel free to drop me an email at zeqi86 (yahoo.com) and I will guide you on this. This is definitely the first step to instil discipline in your children, and the rest will just follow.
I cracked my brains over the weekend on how to start my lesson plans to teach the two underachieving kids at home. Sticking to the main principle of discipline and accountability for their own actions, I have decided to come out with a weekly timetable and a daily planner for them over this June holidays and filing their progress in a file. The worst thing that can happen to kids is to start to slack, especially during the holidays where they start to sleep late and forget how the school looks like.
Of course, kids will never understand the meaning of discipline and accountability at their age, therefore I have to give them hands-on and most importantly, lead by example. Rewards definitely have to be in the picture as well, for kids are just kids and these are their pushing force. On that, balance of punishment and reward must be present.
If there are any parents interested to know how I do it, feel free to drop me an email at zeqi86 (yahoo.com) and I will guide you on this. This is definitely the first step to instil discipline in your children, and the rest will just follow.
Tuesday, May 26, 2009
What Motivates You?
I resumed work after my exams, telling myself that I am committed to make things happen and I had to be disciplined to finish my admin work fast and start making appointments.
Fortunately or unfortunately, I was asked by my director to attend a morning talk organised by our affiliated club. You know, talks are all supposed to be motivational and life-changing just by listening to successful people. They share their success stories to impress upon you, so you can open your mouth in awe, forgetting that you should be learning something instead.
Trust me, you leave the room and nothing has changed.
Are talks supposed to be motivational? Why is it that it doesn't help even when we go with an "open mind"? Remember, that external force is not enough to do any substantial change. You have to realise that the open mind with nothing inside can't really help much. The sweet words coming out of the speaker's mouth is bullshit if he doesn't teach you how to do and guide you on doing it. And most importantly, you must be committed to doing it.
You really want to change for the better? Talk is really cheap you know. The first step to change, is to identify the need to do so. Humans don't like change because they are comfortable with status quo. We are habitual creatures and we like to keep doing the same thing if we think is right and if people around us think is right.
Listening is not enough. Neither is reading at this post. Get your ass to work by mapping out your mission and objectives. Give yourself deadlines. Achieve or die. Have the discipline to follow through and reward yourself for doing so.
Change really come from within. And stop calling those talks motivational. They are just inspirational. Only you can motivate yourself.
I resumed work after my exams, telling myself that I am committed to make things happen and I had to be disciplined to finish my admin work fast and start making appointments.
Fortunately or unfortunately, I was asked by my director to attend a morning talk organised by our affiliated club. You know, talks are all supposed to be motivational and life-changing just by listening to successful people. They share their success stories to impress upon you, so you can open your mouth in awe, forgetting that you should be learning something instead.
Trust me, you leave the room and nothing has changed.
Are talks supposed to be motivational? Why is it that it doesn't help even when we go with an "open mind"? Remember, that external force is not enough to do any substantial change. You have to realise that the open mind with nothing inside can't really help much. The sweet words coming out of the speaker's mouth is bullshit if he doesn't teach you how to do and guide you on doing it. And most importantly, you must be committed to doing it.
You really want to change for the better? Talk is really cheap you know. The first step to change, is to identify the need to do so. Humans don't like change because they are comfortable with status quo. We are habitual creatures and we like to keep doing the same thing if we think is right and if people around us think is right.
Listening is not enough. Neither is reading at this post. Get your ass to work by mapping out your mission and objectives. Give yourself deadlines. Achieve or die. Have the discipline to follow through and reward yourself for doing so.
Change really come from within. And stop calling those talks motivational. They are just inspirational. Only you can motivate yourself.
Thursday, May 14, 2009
Book Review
Predictably Irrational
Dan Ariely
Another interesting read that I got in my hands, this time on behavioural economics. Rather, to a layman like me, this is a book more on human behaviour and nothing much on the economics side. Makes us realise that some actions are really not too rational, and I'm not going to say much so that you can pick up this good book to kill time.
It covers topics such as the power of prices (how discounts can make us buy things we do not want, and that FREE! is not just another price), on choices and closing doors, and particularly interesting to me, the placebo effect on medcine (how a 50 cent medicine works better than the same pill that costs 5 cents).
And yes, cheating. You do not want to miss that part, do you? Seriously, stop reading fiction. These books that I read are not that serious.
Visit the official web here.
Good read
Predictably Irrational
Dan Ariely
Another interesting read that I got in my hands, this time on behavioural economics. Rather, to a layman like me, this is a book more on human behaviour and nothing much on the economics side. Makes us realise that some actions are really not too rational, and I'm not going to say much so that you can pick up this good book to kill time.
It covers topics such as the power of prices (how discounts can make us buy things we do not want, and that FREE! is not just another price), on choices and closing doors, and particularly interesting to me, the placebo effect on medcine (how a 50 cent medicine works better than the same pill that costs 5 cents).
And yes, cheating. You do not want to miss that part, do you? Seriously, stop reading fiction. These books that I read are not that serious.
Visit the official web here.
Good read
Tuesday, May 12, 2009
How to be Exam Smart - Part 17
This is going to be harsh. It's the day of the exam and you still revising, hoping that you can as much more information as possible.
You are telling yourself that you are not prepared enough. YOU HAVE ALREADY LOST HALF THE BATTLE. Yes, even before the paper starts.
Keep your mind clear and tell yourself you are going to conquer every single question. Good luck.
You are telling yourself that you are not prepared enough. YOU HAVE ALREADY LOST HALF THE BATTLE. Yes, even before the paper starts.
Keep your mind clear and tell yourself you are going to conquer every single question. Good luck.
Sunday, May 10, 2009
Uniqlo Fever
I am very sure that by now, everyone living in Singapore would have already heard of Uniqlo and judging from the queue formed everyday since the day Tampines 1 opened, most of you should have already stepped into the shop (realising that there is no mobile reception there, but that's not the point here) and many of you left with a Uniqlo plastic bag in the hand.
Uniqlo is just like any other normal retail shop selling cheap clothes like our Giordano, U2 (read: failure), even though it is compared to international brands like GAP. This Japanese brand, in my opinion, is a storming success all thanks to its marketing efforts and quality control. You would know what I mean if you take public transport, read newspapers and fashion magazines (their target group are exactly these people). I liked the way they created brand awareness and make people look cool wearing their merchandise with thousands of items in their catalog, updated frequently.
Founder of Uniqlo and CEO of Fast Retailing, Mr Tadashi Yanai, currently Japan's richest man, is a powerful character in the setup of this brand. He created a revolution to Uniqlo when they weren't so successful back then, by offering 1 million yen to the public on how Uniqlo can be done better. Yes, he has the resources to do that and you don't. Come on, if a retail line can rake in net sales of 500 billion yen (S$7.73 billion) when financial markets went south, there must be more than that.
I do not think any rational manager would throw 1 million yen to a stranger. Would you do that?
Probably keep it in your own pocket. Other than its marketing, the quality of its fabric is in the class where its price couldn't match. Not only that, they have their own patent fabric that enable users to keep warm in winter. Having patents create value for the firm. And no, we don't need these to be sold in Singapore.
The next one is opening at Orchard ION. As for now, make a trip down the eastern end of the line to satisfy your curiosity.
N.B. Information is extracted from my readings and a chunk of it from August magazine. To see a detailed and more professional article, please refer to the mag. I was also wrong to assume that the magazine is a yearly publication as suggested by the title.
I am very sure that by now, everyone living in Singapore would have already heard of Uniqlo and judging from the queue formed everyday since the day Tampines 1 opened, most of you should have already stepped into the shop (realising that there is no mobile reception there, but that's not the point here) and many of you left with a Uniqlo plastic bag in the hand.
Uniqlo is just like any other normal retail shop selling cheap clothes like our Giordano, U2 (read: failure), even though it is compared to international brands like GAP. This Japanese brand, in my opinion, is a storming success all thanks to its marketing efforts and quality control. You would know what I mean if you take public transport, read newspapers and fashion magazines (their target group are exactly these people). I liked the way they created brand awareness and make people look cool wearing their merchandise with thousands of items in their catalog, updated frequently.
Founder of Uniqlo and CEO of Fast Retailing, Mr Tadashi Yanai, currently Japan's richest man, is a powerful character in the setup of this brand. He created a revolution to Uniqlo when they weren't so successful back then, by offering 1 million yen to the public on how Uniqlo can be done better. Yes, he has the resources to do that and you don't. Come on, if a retail line can rake in net sales of 500 billion yen (S$7.73 billion) when financial markets went south, there must be more than that.
I do not think any rational manager would throw 1 million yen to a stranger. Would you do that?
Probably keep it in your own pocket. Other than its marketing, the quality of its fabric is in the class where its price couldn't match. Not only that, they have their own patent fabric that enable users to keep warm in winter. Having patents create value for the firm. And no, we don't need these to be sold in Singapore.
The next one is opening at Orchard ION. As for now, make a trip down the eastern end of the line to satisfy your curiosity.
N.B. Information is extracted from my readings and a chunk of it from August magazine. To see a detailed and more professional article, please refer to the mag. I was also wrong to assume that the magazine is a yearly publication as suggested by the title.
Wednesday, May 06, 2009
How to be Exam Smart - Part 16
The month of Exams
The month of Exams
By now, most of undergraduates from our local universities would have finished their exams and tomorrow will be the start for students from the university I am studying in. Primary and Secondary school students should be having their mid-year exams at this period too.
As such, I will sum up this series of articles and resume posting for the next school term beginning in mid August. For the time being, stay tuned for other useful postings on time management and useless postings on pieces of my life.
So, it's the day before your exams....
Tip
Do your last bit of revision by 10 pm.
Sleep early and keep a clear mind for the big day.
If you are well prepared, you should be confident enough already. This last few hours of studying won't bring you anywhere anyway. You will only confuse yourself further. Might as well spend this time to sleep and repeat the subject next year, right?
Good luck.
As such, I will sum up this series of articles and resume posting for the next school term beginning in mid August. For the time being, stay tuned for other useful postings on time management and useless postings on pieces of my life.
So, it's the day before your exams....
Tip
Do your last bit of revision by 10 pm.
Sleep early and keep a clear mind for the big day.
If you are well prepared, you should be confident enough already. This last few hours of studying won't bring you anywhere anyway. You will only confuse yourself further. Might as well spend this time to sleep and repeat the subject next year, right?
Good luck.
The Pressure of a Top Student
Don't worry, I am not so arrogant to declare myself as the top student yet. However, I am quite sure that group of students up there are not having a good time. Just imagine, as you climb up, the probability of yourself moving up further gets smaller and smaller as compared to moving south. Finally, you reach the top spot and nobody could defeat you. So, it's either you stay there or get caught off guard.
You cannot afford to slack. People around you expect you to do better, or at least maintain that position. You got to work damn hard to keep the title, as a result giving some pressure to yourself. You don't feel the fun anymore when competition surface.
Not an easy job to be the best you know.
Anyway, I was studying with Richie and Zelda today hoping that I can help with their exam preparation while I study diligently for my papers starting next week, and over lunch they told me that their Macro lecturer, Mr Seet, says that the top student for the subject comes from his class every year.
Obviously, I wasn't a student from his class and definitely not too too happy when I heard that. And you know what?
I AM GOING TO CHANGE THAT.
Don't worry, I am not so arrogant to declare myself as the top student yet. However, I am quite sure that group of students up there are not having a good time. Just imagine, as you climb up, the probability of yourself moving up further gets smaller and smaller as compared to moving south. Finally, you reach the top spot and nobody could defeat you. So, it's either you stay there or get caught off guard.
You cannot afford to slack. People around you expect you to do better, or at least maintain that position. You got to work damn hard to keep the title, as a result giving some pressure to yourself. You don't feel the fun anymore when competition surface.
Not an easy job to be the best you know.
Anyway, I was studying with Richie and Zelda today hoping that I can help with their exam preparation while I study diligently for my papers starting next week, and over lunch they told me that their Macro lecturer, Mr Seet, says that the top student for the subject comes from his class every year.
Obviously, I wasn't a student from his class and definitely not too too happy when I heard that. And you know what?
I AM GOING TO CHANGE THAT.
Wednesday, April 29, 2009
How to be Exam Smart - Part 15
Welcome back. Today we have no advice for you. Just a fact for you to ponder and act upon. Previously we said that you should not tune in to your mp3 player while studying.
Now I'm telling you that plugging in that earphones is good. When you sleep. And obviously, listen to useful stuff and not shit. The brain, as I said before, is a very powerful component of the human body. During sleep, there are bursts of brain activity going on, thereby aiding the absorption of information. My point is that your brain is not totally inactive, so you can try to tune in to your recorded lectures while you're asleep.
Some factual acticles to prove that:
We Learn While We Sleep (Innovations Report)
Brain Basics: Understanding Sleep (National Institute of Neurological Disorders and Strokes)
I remember myself having some friends who listen to pop music when they go to bed. And in my opinion, they sing quite well. Is it a coincidence? You judge for yourself.
Now I'm telling you that plugging in that earphones is good. When you sleep. And obviously, listen to useful stuff and not shit. The brain, as I said before, is a very powerful component of the human body. During sleep, there are bursts of brain activity going on, thereby aiding the absorption of information. My point is that your brain is not totally inactive, so you can try to tune in to your recorded lectures while you're asleep.
Some factual acticles to prove that:
We Learn While We Sleep (Innovations Report)
Brain Basics: Understanding Sleep (National Institute of Neurological Disorders and Strokes)
I remember myself having some friends who listen to pop music when they go to bed. And in my opinion, they sing quite well. Is it a coincidence? You judge for yourself.
Monday, April 27, 2009
How to be Exam Smart - Part 14
Many times when we see people do revision or study for exams, we see them reading their notes over and over again expecting to understand what the text means, but not catching the concept at all. Worse, they plug in their earphones listening to their mp3, expecting their pop singer to sing the answer to them. Stupid.
Tip
Know what you can do and what you should not do.
In this aspect of listening to music when you study, stop pretending to look cool and making study seem like a breeze. Males can really do it damn well when they jolly well know that they suck at multi-tasking. And my dear females, don't be too happy, cos Justin Timberlake really doesn't have the answer to your question.
In the next part, I shall tell you under what circumstances should you plug in your earphones. Until then, live your life with passion.
Tip
Know what you can do and what you should not do.
In this aspect of listening to music when you study, stop pretending to look cool and making study seem like a breeze. Males can really do it damn well when they jolly well know that they suck at multi-tasking. And my dear females, don't be too happy, cos Justin Timberlake really doesn't have the answer to your question.
In the next part, I shall tell you under what circumstances should you plug in your earphones. Until then, live your life with passion.
Friday, April 24, 2009
Book Review
Blue Ocean Strategy
How to Create Uncontested Market Space and Make Competition Irrelevant
I feel this is a must read for all management students. Managers should read this to get a fresh viewpoint of the business environment as well, especially in this times when everyone is killing one another by cutting cost to gain market share. They simply forgot to innovate, by adding value and not resorting to cut cost.
In this book, as like all management books, we see simplified box diagrams on creating new value curves, and their analysis is on the other end of Michael Porter's work on Five Forces analysis and generic strategy. Chan and Mauborgne calls competition the red ocean, as we know competition is really brutual.
This will prove to be an interesting read even for non-management readers as well because the language used is rather layman and the examples of companies engaging in blue ocean activities will spur you to think creatively (if you have any creativity in the first place). Some companies mentioned are Cirque du Soleil, QB House and the NYPD. You will be surprised how easy it is to make competition totally irrelevant.
Other than that, the book also covered sub topics like strategic pricing on target cost, target profit etc.
Read it
Blue Ocean Strategy
How to Create Uncontested Market Space and Make Competition Irrelevant
I feel this is a must read for all management students. Managers should read this to get a fresh viewpoint of the business environment as well, especially in this times when everyone is killing one another by cutting cost to gain market share. They simply forgot to innovate, by adding value and not resorting to cut cost.
In this book, as like all management books, we see simplified box diagrams on creating new value curves, and their analysis is on the other end of Michael Porter's work on Five Forces analysis and generic strategy. Chan and Mauborgne calls competition the red ocean, as we know competition is really brutual.
This will prove to be an interesting read even for non-management readers as well because the language used is rather layman and the examples of companies engaging in blue ocean activities will spur you to think creatively (if you have any creativity in the first place). Some companies mentioned are Cirque du Soleil, QB House and the NYPD. You will be surprised how easy it is to make competition totally irrelevant.
Other than that, the book also covered sub topics like strategic pricing on target cost, target profit etc.
Read it
Tuesday, April 21, 2009
How to be Exam Smart - Part 13
Today, we shall talk abit about time management. This technique, if you apply it with discipline, I am very sure you will live a life more fulfilling.
Tip
Split that 7 days of a week into 5 focus day, 1 buffer day and 1 free day.
Once you have identified that, start planning what should constitute a focus day. These days ought to be intense and being loosened up on the buffer day. The most important day is the free day. You have to let go of work, and by that I mean you should not even engage in any thoughts about it.
This is being told to me by a well-known director in Great Eastern. And this piece of advice was given to me during our first meeting and I was really sucked in by his charisma. I don't know about you, but it works for me since the day it was introduced into my life.
Tip
Split that 7 days of a week into 5 focus day, 1 buffer day and 1 free day.
Once you have identified that, start planning what should constitute a focus day. These days ought to be intense and being loosened up on the buffer day. The most important day is the free day. You have to let go of work, and by that I mean you should not even engage in any thoughts about it.
This is being told to me by a well-known director in Great Eastern. And this piece of advice was given to me during our first meeting and I was really sucked in by his charisma. I don't know about you, but it works for me since the day it was introduced into my life.
Thursday, April 16, 2009
How to be Exam Smart - Part 12
Last issue we talked about changing your mindset. Today we are going to change the body. More specifically, that clock in your body. This is the most simple thing that nobody thought was important, and they thought they are right by working that way.
The most common statement I hear is, "I don't sleep early cos night time more quiet to study ma," and the most absurd I've heard is, "I absorb better at night."
Let me tell you that you are so wrong. Unless your exams are in the night, there is no reason for you to stay up late at all.
Tip
It is not the length of your sleep. It is the time you go to bed every night.
My chinese physician gave me that advice, and she reminds me to sleep before 12 midnight everyday. 7 hours should be sufficient and anything less than 5 hours of sleep is bad for your concentration.
Stop burning the midnight oil. Make use of the sunlight instead.
(I am giving advice based on my experience. I hope to find scientific backing for my claims and will appreciate if anyone has the info, or would gladly prove me wrong.)
The most common statement I hear is, "I don't sleep early cos night time more quiet to study ma," and the most absurd I've heard is, "I absorb better at night."
Let me tell you that you are so wrong. Unless your exams are in the night, there is no reason for you to stay up late at all.
Tip
It is not the length of your sleep. It is the time you go to bed every night.
My chinese physician gave me that advice, and she reminds me to sleep before 12 midnight everyday. 7 hours should be sufficient and anything less than 5 hours of sleep is bad for your concentration.
Stop burning the midnight oil. Make use of the sunlight instead.
(I am giving advice based on my experience. I hope to find scientific backing for my claims and will appreciate if anyone has the info, or would gladly prove me wrong.)
Friday, April 10, 2009
How to be Exam Smart - Part 11
Today's tip is on managing yourself. I have heard too many people telling me that they are stressed out by school or work. Usually, I ask them,
"Who is stressing you?"
To which they reply, "school work, exams, my boss, deadlines, my parents" and the stuff goes on and on and on.
It doesn't make sense to me. How can people stress you? They can only give you pressure. You are the person stressing yourself out.
Tip
Pressure does not equate to stress. Take note of where the source of your ineffectiveness comes from and eliminate it.
Some people can make pressure work to your advantage.
Stress can only come from yourself.
Similarly, inspiration does not equate to motivation. People can inspire you, but you can only motivate yourself.
"Who is stressing you?"
To which they reply, "school work, exams, my boss, deadlines, my parents" and the stuff goes on and on and on.
It doesn't make sense to me. How can people stress you? They can only give you pressure. You are the person stressing yourself out.
Tip
Pressure does not equate to stress. Take note of where the source of your ineffectiveness comes from and eliminate it.
Some people can make pressure work to your advantage.
Stress can only come from yourself.
Similarly, inspiration does not equate to motivation. People can inspire you, but you can only motivate yourself.
Monday, April 06, 2009
Tampines 1
The anticipated mall that created some jobs amid this recession is going to open this week on 9 April!! Being a resident in Tampines, I am excited and can't believe that this neighbourhood has transformed to what it is today, creating so much value in such a short time. Three shopping malls surrounding the MRT station with so many office buildings sprouting out, there are still untapped space waiting for more change.
Fortunately or unfortunately, Tampines 1 is to be run by AsiaMalls. Looking at the existing malls managed by them (Century Square, Tiong Bahru Plaza, White Sands, the disaster goes on...), how is this going to mall leader? Will this be their saviour?
The delicious tenants line up seem to appeal to many. Myself included, I can't wait to visit Uniqlo, brought in from Japan, promising to deliver "cheap-chic" apparel. Japanese-themed food shops will feed teenagers who don't go home after school and make them more obese than before. My question is, will this last, and for how long? My guess is only till Ion Orchard opens.
And talking about ill-disciplined students studying in Tampines, they are becoming from bad to worse. So many fastfood restaurants around to stain bad influence on them, schools might consider holding their recess time in one of them as it does not make any difference at all.
Until the smell of paint fades in Tampines 1, we are in for more people visiting the second last stop in the East-West line. I will stay home during weekends and visit the malls when the kids are in school.
The anticipated mall that created some jobs amid this recession is going to open this week on 9 April!! Being a resident in Tampines, I am excited and can't believe that this neighbourhood has transformed to what it is today, creating so much value in such a short time. Three shopping malls surrounding the MRT station with so many office buildings sprouting out, there are still untapped space waiting for more change.
Fortunately or unfortunately, Tampines 1 is to be run by AsiaMalls. Looking at the existing malls managed by them (Century Square, Tiong Bahru Plaza, White Sands, the disaster goes on...), how is this going to mall leader? Will this be their saviour?
The delicious tenants line up seem to appeal to many. Myself included, I can't wait to visit Uniqlo, brought in from Japan, promising to deliver "cheap-chic" apparel. Japanese-themed food shops will feed teenagers who don't go home after school and make them more obese than before. My question is, will this last, and for how long? My guess is only till Ion Orchard opens.
And talking about ill-disciplined students studying in Tampines, they are becoming from bad to worse. So many fastfood restaurants around to stain bad influence on them, schools might consider holding their recess time in one of them as it does not make any difference at all.
Until the smell of paint fades in Tampines 1, we are in for more people visiting the second last stop in the East-West line. I will stay home during weekends and visit the malls when the kids are in school.
Saturday, April 04, 2009
How to be Exam Smart - Part 10
Techniques to mind map
Techniques to mind map
Today's tip is on efficient studying, using a method called mind maps. This method is made famous by Tony Buzan and there are many books by him on this subject matter. I use it and I find it very useful, especially for subjects that are heavily loaded with theories.
The basic idea of mind maps is to capture keywords and linking it effectively from one branch to the other. Many people like to link a word to a big paragraph of explanation which doesn't serve them the purpose of mind mapping, instead they had to memorise everything which doesn't make any sense to me.
A simple search over the internet would have yielded many samples of mind maps that are colourful and with pictures. Pictures that you draw act as "anchors" to better remember a keyword. The weirder it is, the more likely it will stay in your brain. Colours are good for clumping related topics. Personally I think adding colours waste quite abit of time so I do not practise it.
For me, a session of mind mapping will take quite some time but it is worth it. First, I will read my notes and textbook for understanding, then I will go back to the first page and start drafting. By the time the draft is completed, I would have read the main text two times. Usually I will stop there and go on to other subjects, coming back to it few days later to finish up the mind map. This acts as revision. Once its done, everything is already inside my mind.
Some samples of my work. Every mind map is unique to yourself.
Feel free to take it if you want, it won't help you in any way anyway. Do share with me your work. Leave a comment and we will keep in contact. Have fun studying.
The basic idea of mind maps is to capture keywords and linking it effectively from one branch to the other. Many people like to link a word to a big paragraph of explanation which doesn't serve them the purpose of mind mapping, instead they had to memorise everything which doesn't make any sense to me.
A simple search over the internet would have yielded many samples of mind maps that are colourful and with pictures. Pictures that you draw act as "anchors" to better remember a keyword. The weirder it is, the more likely it will stay in your brain. Colours are good for clumping related topics. Personally I think adding colours waste quite abit of time so I do not practise it.
For me, a session of mind mapping will take quite some time but it is worth it. First, I will read my notes and textbook for understanding, then I will go back to the first page and start drafting. By the time the draft is completed, I would have read the main text two times. Usually I will stop there and go on to other subjects, coming back to it few days later to finish up the mind map. This acts as revision. Once its done, everything is already inside my mind.
Some samples of my work. Every mind map is unique to yourself.
The draft
A poorly done mindmap
Top down approach
Best piece of work so far
Feel free to take it if you want, it won't help you in any way anyway. Do share with me your work. Leave a comment and we will keep in contact. Have fun studying.
Wednesday, March 25, 2009
How to be Exam Smart - Part 9
Tip
Apologies for keeping the blog idle for a week. Been busy with re-organisation after prelims. Pulled out materials that needs more coverage and starting working on them, at the same time looking through my scholarship application wondering if I should rewrite the essay. I promised to show my mindmaps but I am not done with scanning, so it will come in the next issue.
_________________________
Interacted with some friends these few days, quite glad that Aik Meng actually remembered what I told him some time ago... Words that leave such impression on a top student must be useful, so let me share with you these words of wisdom.
Tip
Reach for the stars. For if you fail, you will still hit the sky.
First of all, I have to say that I don't know what does "fail" means. This word has been erased off my dictionary long ago, and it's even more confusing in this context.
Do you know why some people aim for 70 marks and they don't get it? The reason is very simple. It's because they give themselves 30 marks to fail.
Get it? It's not really easy to understand if your aim is always the passing mark, cos we are talking about the sky here. You realise the mindset of top students are always getting 100 marks. The moment you tell yourself that 90 marks is acceptable, you will miss out studying some important info cos you already give yourself 10 marks to lose, so it's ok to miss a little of this and a little of that and you end up not getting the results you wanted initially.
This is really what's going on inside your brain. It's time to retune that wonderful gift of yours.
First of all, I have to say that I don't know what does "fail" means. This word has been erased off my dictionary long ago, and it's even more confusing in this context.
Do you know why some people aim for 70 marks and they don't get it? The reason is very simple. It's because they give themselves 30 marks to fail.
Get it? It's not really easy to understand if your aim is always the passing mark, cos we are talking about the sky here. You realise the mindset of top students are always getting 100 marks. The moment you tell yourself that 90 marks is acceptable, you will miss out studying some important info cos you already give yourself 10 marks to lose, so it's ok to miss a little of this and a little of that and you end up not getting the results you wanted initially.
This is really what's going on inside your brain. It's time to retune that wonderful gift of yours.
Tuesday, March 24, 2009
Thursday, March 12, 2009
Teachings from Buddha
Extracted this part from the audio on my iPod that follows me wherever I go. This is by Anthony Robbins in his Personal Power II program - Day 19 - Overcoming Fears of Failure and Success.
Extracted this part from the audio on my iPod that follows me wherever I go. This is by Anthony Robbins in his Personal Power II program - Day 19 - Overcoming Fears of Failure and Success.
Buddha was well known for his ability to respond to evil with good, and there was a man who knew about this reputation and had travelled for miles to test Buddha. And what he did was when he got into Buddha's presence, he verbally abused him, challenged him, insulted him. He did everything he could to try and offend Buddha.
Buddha was unmoved. He simply turned to the man and said, "May I ask you a question?"
The man responded, "What?"
Buddha said, "If someone offers you a gift and you decline to accept it, to whom then does it belong?"
The man said, "Well then it belongs to the person who offered it."
Buddha smiled. "That is correct. So if I decline to accept your abuse, does it not then still belong to you?"The man is speechless.
Wednesday, March 11, 2009
How to be Exam Smart - Part 8
This is not going to make sense to some of you. It works for me and many others.
Tip
Isolate yourself during the learning process.
Those who disagree say that learning alone is stupid because friends are there when you do not know something or miss out on critical information. My question to them is, why rely on them in the first place? Do they really value-add to your learning process?
Learning alone and knowing that you do not have anybody to fall back on will keep you in tip-top learning condition.
Next part of this series, I will share with you the skill of doing mind maps. One of the best learning methods around.
Tip
Isolate yourself during the learning process.
Those who disagree say that learning alone is stupid because friends are there when you do not know something or miss out on critical information. My question to them is, why rely on them in the first place? Do they really value-add to your learning process?
Learning alone and knowing that you do not have anybody to fall back on will keep you in tip-top learning condition.
Next part of this series, I will share with you the skill of doing mind maps. One of the best learning methods around.
Monday, March 09, 2009
Book Review
From this year onwards, I will be doing reviews of every book that I read. Being an avid reader, I drop by book stores almost once every week to check out new titles and will then proceed to libraries to get it. However, the ratio of non-fiction to fiction books is about 20 to 1. Good books will definitely end up on my shelf, so drop me a comment if you are interested to borrow.
The first completed book for 2009 is Outliers by Malcolm Gladwell.
I liked his first two books (The Tipping Point and Blink) very much but this is abit of a disappointment as compared.
This book subjects itself on what makes an outlier, the one that lies at the tail end of the bell curve. Intelligence and success may not have correlation. It talks about the success behind successful people like Bill Gates and others, on why asians perform better in mathematics, just to name afew. People with the highest IQ might not even make it without the luck and the people you meet along the way. Just like the chinese saying, "天时、地理、仁和、智慧", one needs a combination of them to be successful.
As usual, this book is packed with facts that will make you realise the reason why things are the way it is. Visit his site to find out more.
Out of his three published books, I still like The Tipping Point best.
The Tipping Point
Blink
Outliers
From this year onwards, I will be doing reviews of every book that I read. Being an avid reader, I drop by book stores almost once every week to check out new titles and will then proceed to libraries to get it. However, the ratio of non-fiction to fiction books is about 20 to 1. Good books will definitely end up on my shelf, so drop me a comment if you are interested to borrow.
The first completed book for 2009 is Outliers by Malcolm Gladwell.
I liked his first two books (The Tipping Point and Blink) very much but this is abit of a disappointment as compared.
This book subjects itself on what makes an outlier, the one that lies at the tail end of the bell curve. Intelligence and success may not have correlation. It talks about the success behind successful people like Bill Gates and others, on why asians perform better in mathematics, just to name afew. People with the highest IQ might not even make it without the luck and the people you meet along the way. Just like the chinese saying, "天时、地理、仁和、智慧", one needs a combination of them to be successful.
As usual, this book is packed with facts that will make you realise the reason why things are the way it is. Visit his site to find out more.
Out of his three published books, I still like The Tipping Point best.
The Tipping Point
Blink
Outliers
Sunday, March 08, 2009
How to be Exam Smart - Part 7
This is going to be harsh. But it makes the most sense.
Tip
The people you meet in school will determine what kind of student you are. Choose them wisely.
School is not the place to make friends. Trust me.
I call them school mates. And the function of school mates is to help you in your studies. But that doesn't mean you must keep away from those who can't score well. Identify those who work hard. Find students that are cleverer than you. Stay away from people who come to school to play.
Drop me a comment if you are following. Tell me if it helps.
Tip
The people you meet in school will determine what kind of student you are. Choose them wisely.
School is not the place to make friends. Trust me.
I call them school mates. And the function of school mates is to help you in your studies. But that doesn't mean you must keep away from those who can't score well. Identify those who work hard. Find students that are cleverer than you. Stay away from people who come to school to play.
Drop me a comment if you are following. Tell me if it helps.
Monday, March 02, 2009
Friday, February 27, 2009
Genting Highlands
19 - 21 February 2009
We embarked on our first trip overseas together to Genting Highlands, Malaysia. Looked forward to lots of fun and great time spent together. Here we have a review for people who wish to go there in the near future. And of course, lots of pictures for your viewing.
Prior to the trip, we did our research and booking at Golden Mile tower at Beach Road (Lavender MRT). We decided to go with Grassland after comparing with Transtar as the counter service offered was much better. We chose the better bus (Royal VIP) for additional $20 (2-way) and a breakfast buffet at $8 each.
Though we can get the promotion of First World hotel for $80+, we decided to go for the better 4-star Resort Hotel. Total $181 for bus and hotel, additional $13 for insurance coverage done by myself through OAC (they offered me AIG which costs 2x for just slightly better coverage), as we are afraid of getting food poisoning and losing our baggage there.
Day 1
Had to wake up at 5.20am to reach Golden Mile by 7.00am. Went McDonalds to get breakfast. The bus came and left on schedule. Up on the bus, seats are comfortable but rather dirty as it is made of velvet cloth (traps dust). The driver was very friendly and chatted with us for a while. Took about 45 mins to reach 2nd link.
Stopped over at Yong Peng for early lunch at 11am. Food there suck. After that slept on the comfortable seat till we reached our destination at 2.30pm. We alighted at Genting Hotel and walked to Resort Hotel. Weather was really good at 20deg. Had to take queue number for check in. Not a bad system as it was so crowded down there.
Checked in, relaxed abit and had our first taste of overpriced food at First World Plaza around 4pm. Yum Yum Bak Kut Teh cost a bloodsucking RM27.20 for a person share of "classic bkt". Too salty, too expensive.
Shopped around, got some cheap DVDs and one clothing at RM30 each at FOS. Nothing really worth buying. Went into Starworld casino and won some money at the slots. The tables weren't attractive enough for us to place any bets. Got addicted to this machine called Eggcited.
Day ended at 11pm. I had a 2-piece chicken meal at Marrybrown. Decent. She went to Mac to buy a filet. On the way back we stopped by Bakery at Genting Hotel. Bought a cake (RM10) and hot Mocha (RM9). Quite good.
19 - 21 February 2009
We embarked on our first trip overseas together to Genting Highlands, Malaysia. Looked forward to lots of fun and great time spent together. Here we have a review for people who wish to go there in the near future. And of course, lots of pictures for your viewing.
Prior to the trip, we did our research and booking at Golden Mile tower at Beach Road (Lavender MRT). We decided to go with Grassland after comparing with Transtar as the counter service offered was much better. We chose the better bus (Royal VIP) for additional $20 (2-way) and a breakfast buffet at $8 each.
Though we can get the promotion of First World hotel for $80+, we decided to go for the better 4-star Resort Hotel. Total $181 for bus and hotel, additional $13 for insurance coverage done by myself through OAC (they offered me AIG which costs 2x for just slightly better coverage), as we are afraid of getting food poisoning and losing our baggage there.
Day 1
Had to wake up at 5.20am to reach Golden Mile by 7.00am. Went McDonalds to get breakfast. The bus came and left on schedule. Up on the bus, seats are comfortable but rather dirty as it is made of velvet cloth (traps dust). The driver was very friendly and chatted with us for a while. Took about 45 mins to reach 2nd link.
Stopped over at Yong Peng for early lunch at 11am. Food there suck. After that slept on the comfortable seat till we reached our destination at 2.30pm. We alighted at Genting Hotel and walked to Resort Hotel. Weather was really good at 20deg. Had to take queue number for check in. Not a bad system as it was so crowded down there.
Checked in, relaxed abit and had our first taste of overpriced food at First World Plaza around 4pm. Yum Yum Bak Kut Teh cost a bloodsucking RM27.20 for a person share of "classic bkt". Too salty, too expensive.
Shopped around, got some cheap DVDs and one clothing at RM30 each at FOS. Nothing really worth buying. Went into Starworld casino and won some money at the slots. The tables weren't attractive enough for us to place any bets. Got addicted to this machine called Eggcited.
Day ended at 11pm. I had a 2-piece chicken meal at Marrybrown. Decent. She went to Mac to buy a filet. On the way back we stopped by Bakery at Genting Hotel. Bought a cake (RM10) and hot Mocha (RM9). Quite good.
Woke up at 9am, washed up and left for breakfast at 10. Walked over to Theme Park Hotel to check out potential restuarants. Ended up eating light breakfast at Marrybrown since it's already 11am. Explored the places and settled for lunch at Ming Ren at Genting Hotel. Though posh, food is good and price is reasonable (RM80).
Went to Genting casino in between and find the place better for table bets. People there seemed more willing to teach. Hooked onto a game called casino war. Easy to win and lose. As our luck is quite good, we won abit...
Went back hotel, relaxed abit and went to the outdoor theme park which cost RM36 each. Wanted to try the roller coaster but changed our mind after the Spinner spinned our heads off. Walked about, had some family rides, took some photos and off we went to Starworld again.
Went up to Hot Pot restuarant and got ripped off again. Everything is chicken in the menu. Food is decent but price is not. RM60. By the way, we ordered food slightly more than 1 person portion only. Went back to casino again and ended early.
Recced the bus terminal before going back to retire for the night.
Day 3
Woke up early to pack and eat the buffet breakfast at Resort Cafe. Finally got a cheap and good meal. Stopped over at Genting casino for some fun. Won a 1 to 8 bet, happy like bird. Checked out at 12noon. Went to First World's Vietnam House for lunch. Good food, good place and good price.
Had a bit of time before leaving the place. Went Starworld again. Placed our bags at a coin locker (RM3), hit the slots and finally left the place at 2.45pm.
Reached Yong Peng at around 7pm. Different place but food is as sucky. Bought some ma ti su and malaysian foodstuff. Reached Beach Road 9pm and marked the end of trip. Had 3 full days of fun. Left with alot of money.
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