Tuesday, March 16, 2021

Another quick update — Things are up!

 

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Dear readers,

Thank you for coming here!


This is again going to be a very quick update.

Things are really up!

I once again just sent out the last message I needed to send today for work. The schedule has been pretty tight lately, mainly because of the multiple things ongoing.

When some of them demand attention at the same time, that is when overloading happens.

But I am ok perfectly. Nothing I could not handle. Have been through much tighter schedules.

While efficiency could surely be improved in some cases, I am satisfied with my performance overall. 

And I feel I have regained some of my confidence. Now is the time to guard against arrogance!

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Also the stocks are up!

I have regained 60% of my gains since I changed my investment approach last Nov, up from -115% that happened very recently.

Now, I start to regret the lost opportunities for adding positions in the past week.

Honestly, I had gotten a bit scared by the repeated and significant drops. 

Therefore, when I saw the opportunity to top up, I set very low prices before going to bed or focusing on work.

In a few cases, the prices were really close to my set prices, but I missed them in the end.

My returns would have been much bigger if I was less afraid and just set a reasonable price for top up.

But anyway, I would never know whether it will start shooting up or keep going down. 

I guess we can only earn the returns that we are qualified for.

Once we are there, opportunities will present themselves. I look forward to that day!


Till next time!


Monday, March 15, 2021

My Market Transactions — Wk11 2021

 

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Dear Readers,

Thank you for coming here!


Times flies. We are already in Mid March!Q2 is just around the corner.

Here is another update.


Capital injection: None

I tried a few times to add positions, but the price I set was too low. 

Honestly, after the water-fall type of drop, I was a bit scared. I do not know whether we are near the bottom already. 

And most importantly, my war chest is very small now. I am afraid that I will deploy them too early.

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Capital outflow: None

Again, this is not the time to sell.

No one can predict how the market will perform in the short term.


Anyway, Hang On!


Till next time!

Friday, March 12, 2021

Quick Update — Things are Picking Up

 

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Dear Readers,

Thank you for coming here!


It feels that things are picking up.


Work is picking up. I literally just sent out the last email I needed to send out today (Yesterday). 

It feels good to accomplish something I have never done before and add value to the team and of course bag the rewards when the time comes. 

It also feels good to be “Busy”. I had to make use of every minute between meetings to get things done. 

It has been a long while since I last had this feeling. I guess I just do not enjoy doing nothing or being idle. Fate!

If there are parallel universes, maybe there are multiple versions of me who do.


Finally, stock market is picking up as well. I am back in the green today and the night is still young.


Things are picking up and that is a good thing.

Good night!

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Till next time!

Tuesday, March 9, 2021

Complexity and Impossibility transformed into Simplicity with higher dimensions

 

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Dear Readers,

Thank you for coming here!


If you are in a room, how do you describe the exact position of a spider hanging from the wall?

With only two dimensions, it is difficult and complex to say the least, if possible at all.

However, with three dimensions (three lines from a corner of the room), it is simple.

Complexity and impossibility under two dimensions is transformed into simplicity under three dimensions.

This is how three dimensions was invented.

Simplicity is the result of having enough dimensions.

Therefore, upgrading our thinking models to incorporate more dimensions will help us understand and solve the complicated problems in life.

This also aligns with Charlie Munger and Scott Page, who advocate the model thinking.

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To have more dimensions, we need to both go up and go down.

Going up to discover and incorporate more dimensions, such as going from 2-D to 3-D.

Drawing up the whole picture, such as the value chain, helps. 

When we select suppliers, we do not only look at the prices, but also the quality, maintenance frequency and costs, consumable cost, lead time and even payment terms.

When we deal with packaging, we do not only look at how visually appealing to customers, but also the branding image it reflects, the cost, the transportation requirements and even the environmental friendliness.

Going down to break down something into pieces, such as breaking down working hours into number of FTEs and working hours per FTE or breaking down revenue into price and sales volume.

This is critical to isolate root causes and engineer targeted fixes.

This is the basics for consulting, by the way.

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We also need to know when to stop. 

There is always the practicality. 

It means two things:

  1. It is enough to solve the problem
  2. It is cost-effective and affordable

Going up to incorporate too many dimensions or going down to break down into too detailed levels is not necessary, wastes resources and often decreases the efficiency in solving the problem.

We do not need 5-D to describe the position of the spider in the room.

We do not need to know the behavior of any specific customer as long as the segment he/she belongs to is adequately represented in the analysis.

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Conclusion

Simplicity is the result of having enough dimensions.

To have more dimensions, we need to both go up and go down

Meanwhile, we also need to know when to stop to cater for practicality.

I know it is hard. That is why it is valuable and appreciated!


Till next time!

Sunday, March 7, 2021

My Market Transactions — Wk10 2021

Photo by Chris Liverani on Unsplash

Dear Readers,

Thank you for coming here!


My Gosh! The Market!

My profit has dropped from the peak of 60k SGD to the negative, since I adjusted my investment approach.

It feels like shit. But deep down, I know it is good. Otherwise, money would feel too easy and we know that is not the case.

It is good to be in reality with foot on the ground again.

I will hang on. 


Capital injection: None

The market has not shown signs of recovery. So I will hold my war chest for now.

I tried a few times to add positions. However, the price I set was not reached.

No hurry!

Photo by MayoFi on Unsplash

Capital outflow: None

Again, this is not the time to sell.

But if you are feeling so bad that your daily life, like your appetite, sleep or work is affected, then sell some of your positions. 

Immediately after you sell some, you will be worried about the recovery of the market because it would make the selling decision a bad one.

This is nothing more than hedging your emotions. And it will make you feel better.

No matter whether it continues to drop or starts to recover, you can see the bright side for you.


Till next time!

Thursday, March 4, 2021

"If only one flower grows on the branch, it must bloom"

 

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Dear Readers,

Thank you for coming here!


Life goes on and shit jumps in all the time.

All the while, I have had no problem delivering work, but I have been really bad in caring about how people think about me.

I think that is the reason why I get frustrated and repel away the promotions that seems so rightfully mine.

However, recently I got feedback that I was too nice to push through certain things. 

Though it came as somewhat a surprise, the feedback made total sense.

I have been too passive in certain meetings just to avoid conflict. The potential cost is slow progress. 

I say “potential” because I really cannot be sure about the outcome if I have pushed aggressively. 

Possibly, things get done. 

Also possibly, I encounter greater push back and the relationship gets affected, which results in even slower progress, or worse, things going in opposite direction.

From my assessment, the probability for the latter to happen is bigger.

However, it does send the message that I am not actively pushing. And being passive is definitely not the way to get promoted.

There must be a way to achieve all of below:

  • I push actively
  • Progress is improved or not negatively affected at least
  • Working relationship is not affected

I know people who have done it.

I do not believe I am less qualified than them. 

But I was not even trying.

And that could be the difference between people who get promoted and people who do not.

There is a reason behind everything after all. And the reason might be more justified than we think.

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I have been reading a novel which describes a batch of pioneers who made great things happen in different fields during the open-up of China. 

The tricks and conspiracies involved there were simply eye-opening and at the same time totally believable. 

If I could not handle the relatively less competitive environment here, maybe here is where I should stop and rightfully so.

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I was once involved in a discussion on why people read novel. The point that stayed with me was to observe other people’s life and learn to deal with those situations including what to do and what to say and how others would feel in those situations.

In this sense, novel could be closer to real world than biography. Novel will always come from real life while biography tend to exaggerate the good aspects and hide or rephrase the other aspects.

In this sense, I have read too little novel and need to catch up.


Till next time!

Tuesday, March 2, 2021

The Statistical View of “Evil Intention” vs “Silliness”

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Dear Readers,

Thank you for coming here!


I recently joined a project team as an expert to support remotely. Everything related to work is communicated within the work chat group and people are expected to be responsible due to the tight timeline.

Last Wednesday, the project manager had to take half day off for a presentation to another client. 

So throughout the day, the other team members covered as much as possible for the project manager and she replied messages whenever she could.

Everything was going well.

Until the Partner asked the project manager to prepare a speech outline for the client CEO in the chat group.

This was a task not easily covered by other members of the team, as the outline required full understanding of project status, stakeholder relations, client management intentions etc etc.

And everyone had enough on their hands anyway.

So no one replied on behalf of the project manager and the project manager only replied in the late afternoon with a clarification question.

Till now, everything seemed normal.

What caused some doubts was that the partner never replied, even though the reply @ the partner. 

The speed outline was clearly important. But why would the partner not reply?

There was some guessing whether the partner was not happy with the project manager or maybe the partner did not have the answer for the question either which could indicate unclear directions for the project going forward.

The doubts was only cleared when the partner finally replied the message in the chat group, explaining that she missed the message. And the answer to the question was clear and in line with team’s expectation.

All those guesses and worries proved to be a waste of time and only added a bit more stress to the already stressful team.

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This is a minor incident and I might have over-interpreted it. However, it did make me think that:

Try to interpret with “Silliness” as much as possible, instead of “Evil Intentions”.

“Silliness” here includes all kinds of unintentional behaviors, e.g. ignorance and negligence.

This is not self-comforting. This is a statistical reality.

Just think about it.

What are the chances that your manager who usually responds very promptly suddenly gives no reply to your important email because he no longer trusts you? Most probably, for whatever reason, he has not seem your email yet.

What are the chances that your colleague does not invite you to his/her birthday lunch because he/she does not like you any more? Most probably, he/she did not plan it and just went with whoever he/she could gather.

What are the chances that your three-year old son insists on playing with you while you have to rush for deadline with the intention to cause you work problems? He just wants to play with you because he likes you. This is the best “Good Intention” one can get.

The real actions of “Evil Intention” are not so common, while interpreting so by mistake is much too common.

Therefore, try to interpret with “Silliness” as much as possible, instead of “Evil Intentions”. 

This might be closer to reality and is a better way to interact with the world.


Till next time!