Just For Thinking ... Money, Saturday, January 5, 2013. ST When things looked bleak in 1980s, shipyard carved itself a niche. Mr Choo recalled: "In the 1980s, the Singapore environment for shipyards was very bad. We were told that the shipyard business is a sunset industry. "But, I told our guys the sun sets, the sun also rises. Two-thirds of the earth's surface is still covered by ocean." Keppel made a conscious effort to crave a niche. Mr Choo said: "You must choose battles that you can win." That's why we don't build tankers, bulk carriers and container ships. There, the Chinese and Koreans will eat our lunch. We choose rigs, FPSOs, specialised vessels, repair and conversion." (Createwealth8888: Chinese and Korean yards are moving up to eat Keppel's lunch. We should be watching closely on Keppel next move - those first of its kind innovative ideas and initiatives. Currently, market worry over Kep Corp is Margin Squeeze!)
Like Mr Choo said: "You must choose battles that you can win." Like Larry Williams said: "Your fortune will come from your focus - focus on one market or one technique." Somehow, Createwealth8888 has managed to stay focus and keep hammering the same old stock again and again. Choosing the battles that he can win and staying focus on one technique???
Last updated : 14 Sep 2019
I am 63 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 20 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
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