【3】
美国知名主持人林克莱特
有一天访问一名小朋友
问他说：
“你长大后想要当做什么呀?”
小朋友天真地回答：
“嗯……
我要当飞机的驾驶员”
林克 莱特接着问：
“如果有一天
你的飞机飞到太平洋上空所有引擎都熄火了
你会怎么办?”
小朋友想了想：
“我会先告诉坐在飞机上的人绑好安全带
然后我挂上我 的降落伞跳出去”
当在场的观众笑得东倒西歪时
林克莱特继续注视着这孩子
想看他是不是自作聪明的家伙?
没想到接着孩子的两行热泪夺眶而出
这才使得 林克莱特发觉这孩子的悲悯之心
远非笔墨所能形容
于是林克莱特问他说：
“为什么你要这么做?”
小孩的答案透露了这个孩子真挚的想法：
“我要去拿燃料
我还要 回来”
启示：
这就是“听的艺术”
一是听话不要听一半
二是不要把自己的意思
投射到别人所说的话上头
要学会聆听
用心听、虚心听
【2】
有个小男孩
有一天妈妈带着他到杂货店去买东西
老板看到这个可爱的小孩就打开一罐糖果
要小男孩自己拿一把糖果
但是这个男孩却没有任何 动作
几次的邀请之后
老板亲自抓了一大把糖果放进他的口袋中
回到家中
母亲好奇地问小男孩
为什么没有自己去抓糖果而要老板抓呢?
小男孩回答很妙：
“ 因为我的手比较小呀..
而老板的手比较大
所以他拿的一定比我拿的多很多”
启示：
这是一个聪明的孩子
他知道自己的有限
而更重要的..
他也知道别人比自己强
凡事不只靠自己的力量
学会适时地依靠他人
是一种谦卑
更是一种聪明
【1】
甲去买烟
烟29元
但他没火柴
跟店员说：
“顺便送一盒火柴吧..”
店员没给
乙去买烟
烟29元
他也没火柴
跟店员说：
“便宜一毛吧..”
最后他用这一毛买一盒火柴
这是最简单的心理边际效应
第一种：
店主认为自己在一个商品上赚钱了
另外一个没赚钱
赚钱感觉指数为1
第二种：
店主认为两个商品都赚钱了
赚 钱指数为2
当然心理倾向第二种了
同样..
这种心理还表现在买一送一的花招上
顾客认为有一样东西不用付钱就赚了
其实都是心理边际效应在作怪
启示：
变换一种方式
往往能起到意想不到的效果
通常很多事情换一种做法结果就不同了
人生道路上..
改善心智模式和思维方式是很重要的
Can you become a super investor?
by Koon Yew Yin
Many investment psychologists do not think an adult can master all the following 7 traits if he does not have them in his genes or learned them when he was young and become a super investor, like Warren Buffet.
I started serious investing in public listed shares when I retired from executive work with IJM Corporation Bhd in 1983 at the age of 50 years. I was not an accountant nor have I a MBA degree. I was just a civil engineer and I hardly knew how to read a balance sheet at that time.
I started by reading to understand the basic fundamental principles of share selection as practiced by Warren Buffet, Peter Lynch and other great investment gurus.
Trait 1: Be a contrarian investor, the ability to buy stocks while others are panicking and sell stocks while others are euphoric. In 1983 when China declared that they wanted to take back Hong Kong, the people were selling as if there was no tomorrow because the Communists were coming. The Hang Seng Index plunged to about 700. Currently it is around 18,500.
In such a situation at that time, would you buy Hong Kong Shares?
I use all the money I had and I bought H.K. Realty and Trusts at $ 3.60. Its price was $13.60 before the crash. When the former British Prime Minister Margret Thatcher went to Beijing to negotiate the sovereignty of Hong Kong, Beijing rejected the appeal and the stock market plunged further. I bought more H.K. Realty at $ 3.00 with margin finance. Most investors would not buy and they would say that I was mad to try to catch a falling knife. This was the most agonising period when HSBC was selling below $ 7.00.
After several months of negotiation, Beijing granted another 50 years extension of capitalist system. The market rebounded immediately and H.K. Realty & Trust went rapidly back to $13.60. As the value of my holding went up, I bought more and more shares with increasing margin. In 1986, I even bought 47% of a stock broking company, called Kaiser Stocks and Shares Ltd. How I took advantage of the rising trend is history.
Trait 2: Obsession in playing the game and wanting to win. These people don’t just enjoy investing; they live it. They wake up in the morning and the first thing they think about, while they are still half asleep, is a stock they have been researching. They are thinking about selling, or what the greatest risk to their portfolio is and how they are going to neutralize that risk. They are obsessed in enhancing the value of their holdings and they have very few friends.
Trait 3: The willingness to learn from past mistakes. Most people would much rather just move on and ignore the dumb things they’ve done in the past. I believe the term for this is repression.” But if you ignore mistakes without fully analyzing them, you will undoubtedly make a similar mistake later in your career.
Trait 4: An inherent sense of risk based on common sense. Most people believe analysts’ reports which are often ‘a buy’ recommendation. It is very seldom they recommend ‘a sell’ because they would lose the business from the company he has recommended ‘a sell’. You must always take any analyst report with a pinch of salt. I believe the greatest risk control is common sense which is not so common sometimes.
Trait 5: Confidence: Great investors must have confidence in their own convictions and stick with them, even when facing criticism. Buffett never got into the dot-com mania though he was being criticized publicly for ignoring technology stocks. He stuck to his guns when everyone else was abandoning the value investing ship. He was proven right when the dot com bubble bust.
Trait 6: Clear thinking. When considering a share, you must try to understand the nature of the company’s business and its inherent difficulties so that you can evaluate your risk exposure. There are a lot of people who have genius IQs who cannot think clearly, though they can figure out bond or option pricing in their heads.
Trait 7: And finally the most important, and rarest, trait of all: The ability to live through volatility without changing your investment thought process. This is almost impossible for most people to do. When the market makes a severe correction, most people dare not buy more shares to average down or to put any money into stocks at all when the market is plunging. People do not like short term pain even if it would result in better long-term results. Very few investors can handle the volatility required for high portfolio returns. They equate short-term volatility with risk. This is irrational; risk means that if you are wrong about a bet you make, you lose money. A swing up or down over a relatively short time period is not a loss and therefore not risk, unless you are prone to panicking at the bottom and locking in the loss. But most people just cannot see it that way; their brains won’t let them. Their panic instinct steps in and shuts down the normal brain function.
Many investment psychologists do not think an adult can master all the above 7 traits if he does not already have them in his genes or learned them when he was young.
By that time, your potential to be an outstanding investor later in life has already been determined. It can be improved, but not developed from scratch because it mostly has to do with the way your brain is wired and experiences you have as a child. That does not mean financial education and investing experience are not important. Those are critical just to get into the game and keep playing. If you cannot become a super investor, you would still earn more than the average earning of most people.
US Market has been doing well last week, however, its always important to stay cautious. Stay VIGILANT! DJIA DJI closed higher over the we...
