what has this got to do with investing? well, maybe a lot ...
most of us must have read this piece of shocking news today. 2 armed robberies within 2 days. one in a petrol station and one in a money transfer centre in ubi. But both involved miniscule sums of one to two thousand dollars. most people reading this must have thought the culprit committing the offence is crazy. yes, perhaps they are crazy. but more likely, these people are drawn into great desperation and probably think they stand a better chance robbing these small shops than the banks with a armed guard.
meanwhile, as i took a walk recently pass my old estate in serangoon gardens where i used to stay some 25 years ago, wow... i noticed that the old single storey terrace houses are being replaced by monstrously huge three to four storey houses, and in the car porch are parked not toyota but many luxury cars. I saw one bentley and one ferrari in one lane there.
so the rich gets richer and most of them do not do very hard work and let the money work for them ie in a thing called investing, while this other opposite group of people are living hand to mouth, passing today not knowing of what will happen tomorrow. speaking of investing in the latter group, they think you are crazy, no money to eat already, still got money to invest. but oh yes, a handful of them buy the toto/4d and hope to strike it big, and they rather starve one meal to exchange for this chance.
most of us must have read this piece of shocking news today. 2 armed robberies within 2 days. one in a petrol station and one in a money transfer centre in ubi. But both involved miniscule sums of one to two thousand dollars. most people reading this must have thought the culprit committing the offence is crazy. yes, perhaps they are crazy. but more likely, these people are drawn into great desperation and probably think they stand a better chance robbing these small shops than the banks with a armed guard.
meanwhile, as i took a walk recently pass my old estate in serangoon gardens where i used to stay some 25 years ago, wow... i noticed that the old single storey terrace houses are being replaced by monstrously huge three to four storey houses, and in the car porch are parked not toyota but many luxury cars. I saw one bentley and one ferrari in one lane there.
so the rich gets richer and most of them do not do very hard work and let the money work for them ie in a thing called investing, while this other opposite group of people are living hand to mouth, passing today not knowing of what will happen tomorrow. speaking of investing in the latter group, they think you are crazy, no money to eat already, still got money to invest. but oh yes, a handful of them buy the toto/4d and hope to strike it big, and they rather starve one meal to exchange for this chance.
Sad but true. That's life
ReplyDeleteparieto rule 80 20 now perhaps 90 10
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