How the Economic Machine Works by Ray Dalio

Use fixed deposits for emergency fund and war chest.

(With a section on OCBC 360, UOB ONE and CIMB savings a/c.)

The Beginner’s Guide to Understanding The 3 Financial Statements

Very good write up of the 3 Financial Statements...!!!
The Beginner’s Guide to Understanding The 3 Financial Statements

Seven Traits of Superinvestors - Reproduced by Koon Yew Yin

Good review of what a Superinvestors is about...
Quote...
"One of the reasons why people cannot think clearly and sell stocks panicky during market crash is that they do not know the actual worth of the businesses when they bought the stocks. According to studies, most of the investors do not like to read financial reports; many of them do not even bother to understand the companies’ businesses. They buy the stocks solely based on hype and hope that the stocks will decuple in twelve months. During economic crisis, when everyone rushes to sell the stocks and analysts also give strong sell recommendations; there is no reason for them not to liquidate their positions hastily as the hope has vanished into thin air.
Another factor why people are captive to the bias is that they use emotion in their decision making process. In comparison to the systematic and logical approach, this method yields quicker results and is effortless. Instead of performing due diligence, such as analysing the underlying business performance, profit growth prospects and value of the business, this system uses some mental short-cuts based on similarity and familiarity to judge what the market will do next. For example, when the system receives some negative news of a stock, it will link the news to price falling and will trigger the fear of loss. In such case, the most natural reaction the system will take is to sell the stock without investigating further. The massive disposal of a stock will then lead to its price plunging. Likewise, the fear of loss also causes people to ignore bargain. Therefore, this group of investors tends to lose their lifetime savings in a very short cycle and is unable to capture the rare opportunity when the stock price running out of control. This is the reason why Walter Schloss advised people “Try not to let your emotions affect your judgment. Fear and greed are probably the worst emotions to have in connection with the purchase and sale of stocks.”
Unquote...
Ø   Trait 1: Ability to buy stocks while others are panicking and sell stocks while others are euphoric. Be an intelligent contrarian investor.
Ø   Trait 2: A great investor is one who is obsessive about playing the game and wanting to win. These people do not just enjoy investing; they live it.
Ø   Trait 3: A good investor is one with willingness to learn from his or her past mistakes and to analyse them.
Ø   Trait 4: An inherent sense of risk based on common sense. You must have the common sense to realize the risk of buying any share which has gone up a lot and when all the analysts are recommending buy. Always take an analyst report with a pinch of salt.
Ø   Trait 5: Great investors have confidence in their own convictions and stick with them, even when facing criticism.
Ø   Trait 6: Ability to think clearly.
Ø   Trait 7: Ability to live through volatility without changing your investment thought process.

7 WAYS TO SCALE CULTURE AS YOUR COMPANY GROWS

1. Get your company values in place
2. Culture add > Culture fit
3. Hold regular all hands meetings
4. Celebrate your employees
5. Start a buddy system
6. Hold exit interviews
7. Invest in an in-house recruiter