Sunday, May 16, 2021

My Market Transactions — Wk20 2021

 

Photo by Micheile Henderson on Unsplash

Dear Readers,

Thank you for coming here!


Here is another weekly update on the transactions. And sorry to say that it is another no-transaction boring update


Capital injection: None

There was no injection, but I did see a very good opportunity to add positions for Yalla.

There was a almost 10% drop on Thursday. I set the target buy price at 18.50USD and again I missed it by a little.

I could not stay up for the whole night to monitor the market. So I guess that is another potential pitfall for personal investors.

I will keep monitoring and I believe the opportunities will come again, especially now that I have more war-chest.

Photo by Austin Distel on Unsplash

Capital outflow: None

Again, this is not the time to sell.

Happy investing!


Till next time!

Thursday, May 13, 2021

How to be a good employee (10 times the salary in 10 years) — Part 7: Do you have the picture?

 

Photo by Nahid Sabbir on Unsplash

Dear Readers,

Thank you for coming here!


It has been a while since we we had the last entry on “Good Employee” series.

Here comes the Part 7 — To be an effective employee, we need to have the “picture”.

The picture that allows us to visualize the end-state and to communicate it clearly.

Photo by Markus Winkler on Unsplash

Why is it important?

The picture will enable us to plan backward so that we know by when we need to accomplish what by who.

This is the basis of good project management and the planning will assure your managers and colleagues that you have things under control.

This also is critical in stress management. Knowing that we have things under control is greatly relieving.

This is of course hard.

We need adequate understanding of the related areas, structured thinking, team management skills, just to name a few.

We also need some imagination to pick up the potential points of risks and then plan the mitigation and back-up options.

Experiences do help!

Photo by Jordan Whitfield on Unsplash

What could be more important and harder?

Being able to communicate the picture clearly and make your audience understand is more important and a lot harder to do.

I always knew it would be hard, because people are very likely on different frequencies, due to background, experiences, education etc etc.

However, I never expected it to be so hard. 

Previously, even as a consultant when I had to communicate with people I do not know at all, I could typically manage it. 

I could adapt to their styles and habits fairly quickly. After all, it was my job to make them understand and cooperate. 

However, things are different now. 

My new boss posted a huge challenge for me.

I just could not seem to reach the common understanding with him. Even when I thought we did, we did not, because he expected totally different things from what I delivered next time we met.

This added a lot of frustrations and pressure.

After a while, I think I kind of figured out the reason — we were talking about different “pictures”.

He was always talking about the long-term picture and I was always trying to explain and align with him the intermediate picture which was realistic and executable given our resources.

He got frustrated because he simply wanted his picture. 

I was frustrated because I told him I understood his long term picture and now I would like to discuss with him what we can do to achieve it in a realistic way. Or at least, we should agree on the expectations before our next meeting.

Once I realized it, the communication has become much better. 

I will simply ask him “what do you think we should do now before we meet next week?” and if he has no clue, I give him my suggestions.

This seemed obvious and unnecessary to me as well at first. But that question clearly told him that we now discuss what we do today or this week.

That establishes a common platform. 

It is ok if he does not have a clue or he does not care. I will simply give my suggestions.

Sometimes, the solution is so simple. 

Simple solutions typically require clear and deep understanding which is not simple to do though.

Photo by Samuel-Elias Nadler on Unsplash

How do we crack that?

Getting to the root cause is not easy.

Based on my experience, I offer four pieces of suggestions.

1.Show the pictures

This is the most intuitive thing to do.

We want to explain and make people understand our pictures, so just show them.

This will be much more effective than just explaining verbally.

If we are building a PowerPoint deck, show the dummy deck.

If we are doing an analysis, show the scenarios — what are the possible outcomes and each possibility will lead to what conclusion.

If we are organizing a meeting, show the picture of the meeting venue, layout of chairs etc etc

2.Standardize rules of engagement

As much as we can, we should standard rules of engagement.

For example, terms.

In the professional world of phones, here are the terms that should be used across the board.

  • Model — iPhone 12 is a model
  • Variant — iPhone 12 128GB is a variant
  • SKU — iPhone 12 128GB black is a SKU

For example, deadlines.

When we set a deadline with external clients, we expect our internal preparation to be fully completed, reviewed and finalized 24 hours before the deadline.

For example, data update cycle.

If we are doing analysis in Feb, data needs to be updated at least till Jan.

…

3.Sync up

This is similar to Point 2. However, this refers to things that cannot be explicitly communicated.

I remember a documentary on The Blue Angels flight demonstration squadron. 

The pilots said they spent pretty much all the time together to understand how each other thought so that they could sync up their actions to complete the beautiful maneuver without crashing into each other.

Most jobs do not require this level of sync up. But spending more time together seems to be a good way to sync up.

4.Think, analyze and summarize

Of course, with every encounter, we think, analyze and summarize. This will speed up the process.

Photo by Kelly Sikkema on Unsplash

Summary

If we could have the picture and make people understand it, we send the strong signal that we have this area under control, which sets the stage for career success.

On the other hand, if we could perfectly understand the pictures of our managers, or even come out with the pictures before he does, we are on our way to become indispensable.


Till next time!

Tuesday, May 11, 2021

In order to get something you never had, you have to do something you never did!

 

Photo by Omair K on Unsplash

Dear Readers,

Thank you for coming here!


There exist different stages, in career, life and almost everything else, just like a tower with different levels.

And every level requires a different key to unlock.

For example, 

Level 1 requires diligence;

Level 2 requires intelligence;

Level 3 requires endurance;

…

Every level requires a different key.

Every key has its unique use. 

Used in the wrong place or time, it could hurt us, instead of helping us.

And it is so with good reasons, which are rooted deeply in the evolution.

Photo by Belinda Fewings on Unsplash

Sadly, many people unlock the first level with diligence, and just assume that diligence is the master key — one key to unlock them all.

As a result, they are trapped in the first level forever, no matter how hard they try.

As a matter of fact, the harder they try, the more firmly trapped they are.

Some of them will believe by mistake that the reason why they cannot enter the next level is that people upstairs have locked the door from the other side.

Therefore, many of them complain and become cynical, but never think of trying a different key.

Photo by Kai Pilger on Unsplash

For us, do not become one of them.

We need to clearly remember and firmly believe that, as our stages change, some of the beliefs we hold dearly to our heart, whether inherited or picked up along the way, will become completely wrong and hurt us.

Every stage has its rules and we need to learn, experiment and adapt.

This world runs by its rules, which are deeply rooted in evolution. And it will not overly accommodate anyone.

Therefore, successful people are the ones with the strongest adaptability. They have no time to complain or have their feelings hurt.

Photo by Kelly Sikkema on Unsplash

Summary

The definition of “Insanity” is repeating the same things over and over again and expecting different outcomes. 

Therefore, in order to get something we never had, we have to do something we never did!

Remember: every level requires a different key.

Also know: every time we notice how stupid and dumb we were, we have made significant progress!


Till next time!

Sunday, May 9, 2021

My Market Transactions — Wk19 2021

 

Photo by Micheile Henderson on Unsplash

Dear Readers,

Thank you for coming here!


Here is another weekly update on the transactions.


Capital injection: None

I know it must be boring for you to keep reading my updates, which really is no update.

I am bored too.  

My account is back in the negative, which means some stocks in my portfolio have dropped.

But I just do not see good opportunities to add positions yet…

Maybe it will stay boring for a while. 

One of the worst things that could happen is to conduct transactions for the sake of conducting transactions.

Again, I am getting the proceeds from selling my previous flat next week. I will keep watching.

And really hope the COVID situation will get contained.

Photo by Austin Distel on Unsplash

Capital outflow: None

Again, this is not the time to sell.

Happy investing!


Till next time!

Friday, May 7, 2021

Quick thoughts on Happyness

 

Photo by Stan B on Unsplash

Dear Readers,

Thank you for coming here!


People typically associate Happyness with what we “have”: Houses, cars, wealth, power etc etc

But actually, Happyness is more associated with what we “do not have”: No worries, no illness or disasters, no struggling etc etc

What we “have” is more for showing to others as we are social animals after all.

What we “do not have” is really for ourselves.

Photo by Mantas Hesthaven on Unsplash

To achieve the “have”, we can put in efforts and there are many ways.

To achieve the “do not have”, we need to pursue both internally and externally:

Internally, we can train and improve our “immune system”: healthy body, strong mind, wisdom…

Externally, it seems that we can only rely on luck. So do a lot of good things. Believe that as long as we keep doing good things, good things will happen to us.

Photo by Noah Silliman on Unsplash

Of course, not everyone will have happyness as their primary life goal. 

Some are driven by visions, results, popularity etc etc

But, a little bit of extra happyness is welcome everywhere for everyone!

Wish us all happyness!


PS. regarding the spelling, of course it is with a “y”!


Till next time!

Tuesday, May 4, 2021

Are you "Addicted" or are you living your life the way you should be?

 

Photo by Michael Longmire on Unsplash

Dear Readers,

Thank you for coming here!


Addiction is associated with all sorts of things that are perceived bad by people, like gambling, drugs, sex, video gaming…

I was educated to stay away from any kind of “addiction” so that I do not ruin my life.

But what is “Addiction” really?

There are many cases where I was given a concept and a lesson or a conclusion and I just took it with me in my life journey without really understanding it, let along doubting it or testing it.

This is also one of them.

I never seriously pursue the real meaning of the word “Addiction”, though I do sometimes ask myself: if I do what I like a lot a lot, is that considered addiction?

On one hand, I spend a lot of time in doing what I like a lot, which means I wont spend as much time as I should in things I should be doing, like studying.

On the other hand, I really enjoy spending time in those things. If this is addition, isn’t addiction the only way to enjoy life and shouldn’t we all pursue it?

These thoughts all flash through my mind without getting my attention.

Photo by Emily Morter on Unsplash

Until recently, I read about a definition about “Addiction”, which makes perfect sense to me.

Addiction is when our “Want” is bigger than our “Like”.

You might think how the two are different? 

We want to do something because we like it. The fact that we like something will lead us to want to do it.

Apparently, these two can be very different in certain cases.

“Want”: we pursue something and the success will make us feel satisfied. This is the reward of our actions.

“Like”: we enjoy the thing itself, which makes us happy.

Furthermore, they are controlled by two entirely different parts of our brain. So physically, there is room for them to be unlinked.

Photo by Carl Raw on Unsplash

Take gaming for example.

I picked up gaming in high school when I let a friend copy my answers in the exam, in exchange for playing with his computer.

I still remember the game was “Beach Head”. I was immediately hooked.

After entering university, without any supervision, I totally indulged myself in gaming. 

I played every shooting games I could find. I could literally forget about time, hunger and even myself while gaming. 

And I really enjoyed the experiences and the improvement in moving, aiming, shooting and studying the maps.

This lasted for a long time.

I think that was when my “Want” and “Like” was highly aligned. I really managed to waste my life on things I enjoyed, which, according to some, was the only way to spend our lives.

Then it came a time when I was more interested in installing the games and fixing whatever technical problems I might encounter, than playing the games themselves.

Sometimes, I would also lost patience to solve the game and looked for cheats. Or I just wanted to play through a game so that I could mark it as played.

I think that was when I had got “Addicted”. 

I “Want” to do something that I do not really “Like”.

It surely sounds like I have lost my “independence” and am manipulated by something else. And it is not within my control!

Therefore, “Addiction” does not bring happiness. It only brings suffering.

Photo by Greg Rakozy on Unsplash

Addiction is still hard to cure, even with the latest scientific achievements. 

We should focus on what we really “Like” in life, instead of achieving many “Wants”.


Till next time!

Sunday, May 2, 2021

My Market Transactions — Wk18 2021

 

Photo by Micheile Henderson on Unsplash

Dear Readers,

Thank you for coming here!


Here is another update on the transactions.


Capital injection: None

My account is back in the negative. And it is really the Covid related stocks, like airlines.

With the 9-month high cases in Singapore, I really hope there wont be one more wave.

Take care and stay safe!

I am still watching the markets.

My proceeds from selling my previous flat will reach mid of this month. So I will have more war-chest to deploy by then.

Overall, I think it is not too bad a time to go in.

Stay tuned!

Photo by M. B. M. on Unsplash

Capital outflow: None

Again, this is not the time to sell.

Happy investing!


Till next time!