Sawadee Khrup !
Did you hear about the half a century old soup in Bangkok ? This is mind-blowing and truly amazing.....
Listen to what the owner said - we keep tasting and there is no recipe. Search online for videos and you can see how good the business is with throngs of customers awaiting...Too bad, I am a vegetarian else I would love to try it some time.
Has this soup got anything to do with investing ? Imo, it is very much the same. You build on what you have established.
Like the SET index, it consists of many companies like Berli Jucker, Bangkok Bank, Minor Intl, etc
So, we as investor are like operating a conglomerate with diversified businesses across different industry verticals and countries as well.
It does not matter if you own 10,000 or 100 shares of that company. The purpose of creating a hierachy like this is to give you the ownership and helps you to track your performance. It is visually clear if you are over-concentrating in one sector or country so that you can do your adjustment (like tasting the soup daily).
You can also add in the ROI that these companies that you owned thus far so you can track your performances. Use the 80/20 Pareto principle, it is powerful and help you to weed out the loss making accounts. Feel free to use different color codes to make it personalised. Print it out and carry with you, feeling good and happy about your own success.
To your success - let's drink up (the soup, i mean)
Did you hear about the half a century old soup in Bangkok ? This is mind-blowing and truly amazing.....
Listen to what the owner said - we keep tasting and there is no recipe. Search online for videos and you can see how good the business is with throngs of customers awaiting...Too bad, I am a vegetarian else I would love to try it some time.
Has this soup got anything to do with investing ? Imo, it is very much the same. You build on what you have established.
Like the SET index, it consists of many companies like Berli Jucker, Bangkok Bank, Minor Intl, etc
So, we as investor are like operating a conglomerate with diversified businesses across different industry verticals and countries as well.
It does not matter if you own 10,000 or 100 shares of that company. The purpose of creating a hierachy like this is to give you the ownership and helps you to track your performance. It is visually clear if you are over-concentrating in one sector or country so that you can do your adjustment (like tasting the soup daily).
You can also add in the ROI that these companies that you owned thus far so you can track your performances. Use the 80/20 Pareto principle, it is powerful and help you to weed out the loss making accounts. Feel free to use different color codes to make it personalised. Print it out and carry with you, feeling good and happy about your own success.
To your success - let's drink up (the soup, i mean)
Comment:
www.straitstimes.com...-foreign-tourist-ban
Comment:
1154 will be the next level of support