As I was writing this blog post, Covid-19 has 6.6 million cases worldwide and over 383,000 people were killed. To distract myself from the chaotic world outside, I re-read Robin Sharma's best-selling book The Monk Who Sold His Ferrari. As the author told us, everything happens for a lesson: There are no mistakes in life, only lessons. There is no such thing as a negative … [Read more...]
Selling properties with skin in the game
With circuit breaker, I finally have the time to read Nassim Nicholas Taleb’s 2018 book Skin in the Game: Hidden Asymmetries in Daily Life. What is skin in the game? It means standing behind what you say; having a stake in what you promote; and exposing yourself to the risk of what you advocate. If you are an organization, you are using the products or services you sell. If … [Read more...]
Coronavirus crisis will prove survival of the fittest
Survival of the fittest is a Darwinian evolutionary theory that believes during natural selection the weak die, leaving only the strongest to continue living and reproduction. With coronavirus lingering for over two months, we learn that this disease is unbiased during infection but discriminatory in fatality. We all have equal chances of getting it. But patients who are … [Read more...]
Podcast Ep#40: What Will Happen To Properties After Stock Prices Crash
Last night the stock market had its worst day since the 1987 stock market crash. S&P 500 and Dow Jones plunged almost 10 percent. 1. How will the slump of stock prices affect the property market? 2. Will there be many good buys in the Singapore property market soon? 3. How will different property sectors react to the Covid-19 crisis? 4. What to take note of when buying … [Read more...]
3 important lessons we learned from coronavirus
Since the first confirmed coronavirus case in Singapore on January 23, no one would have expected that things could get out of hand in just six weeks’ time. At the time I was writing this blog post, there were already 93,198 coronavirus confirmed cases and 3,203 deaths affecting 81 countries in the world. There are at least three important investment lessons that the … [Read more...]