Hot-shot fund managers burnt by crisis.Bad timing and risks taken on S-chips behind huge losses at CMIA and Abax.
They were Asia's hot fund managers a few years ago with people beating a path to their door, but they have left bloodied by huge bets on S-chips and penny stocks that turned toxic in the financial crisis.
What is your attitude towards these pictures? Do you see Risks and Opportunities as Half Full or Half Empty Glass?
Another thing to remember as well if you are doing very well in the Market making tons of money from the Market is the Law of Averages in the Market remains a powerful mean-reversion of wealth transfer to others. The Hot-shot fund managers above are good examples.
Follow the advice from Rocking Wall Street: Four Powerful Strategies That will Shake Up the Way You Invest, Build Your Wealth And Give You Your Life Back: Gary Marks.
If you have made more than ENOUGH from the Market to last your lifetime, it is time to GO FISHING or GO ROCKING or DRINK LYCHEE MARTINI or lim Kopi O and shake leg.
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