Read? Hard Is Good; Difficult Even Better!
Singapore Man of Leisure31 August 2021 at 21:40
Small Time Investor,
Different strokes for different folks.
行行出状元
The trick is to find the right shoes to fit our feet ;)
I'll be gentle.
Just stating the facts; no twisting of the bayonet.
Those who peddle "masterclasses" are definitely NOT the top percentile of any cohorts...
If one is really successful in investing/trading/sales, one would be dealing only with institutional clients or high net worth individuals.
The big money is working with whales; not ikan bilis retail customers.
Store Manager, Area Manager, Country Manager, Regional Manager, Global Responsible - would the Global Responsible be dealing direct with retail customers?
Pause and think for a moment.
Would any successful top tier lawyer/doctor/consultant/money manager work the night and weekend shifts???
Wait.
I work weekends...
That's why I'm only a man-whore :)
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See lah! Real life example! LOL!
[SINGAPORE] The GIC executive who made savvy bets on private companies that went on to have record-breaking listings in Indonesia and the Philippines is leaving the Singapore sovereign wealth fund to start his own firm, said sources.
Amit Kunal, managing director of private equity in South-east Asia, plans to start a fund with assets under management of US$500 million to US$1 billion, said the sources, who spoke on condition of anonymity. With the new private equity fund, he will likely continue to actively work with companies to help them grow in South-east Asia, they said.
Choo Koon Po, GIC's vice-president of private equity in South-east Asia, is also leaving the firm to join Mr Kunal. The duo had previously worked together at Bank of America Merrill Lynch before they joined GIC.
A GIC spokesperson said in response to questions from Bloomberg: "We can confirm their departure and wish them well in their future endeavours."
Mr Kunal and Mr Choo declined to comment.
Though GIC began investing in private equity in 1982, its exposure to the asset class in South-east Asia expanded after Mr Kunal joined in 2011. He helped steer GIC's involvement in some of the region's biggest deals; they include Monde Nissin Corp, an iconic snack maker in the Philippines, and Indonesian e-commerce platform PT Bukalapak.com, both of which had the biggest initial public offerings in their local bourses this year.
Posts
Uncle 8888
ReplyDeleteIkan bilis some are very demanding despite being ikan bilis
Ha ha! They are paying for highly expected service. Bo pian!
DeleteSmall Time Investor,
ReplyDeleteHope you'll take what I say in the right spirit.
Some years back, someone in our community got excited about getting the Investor Relations job.
I told him Investor Relations is like Customer Service - its a thankless job.
A job that those of us insiders who know, will avoid like the plague...
He left the job I think in less than a year?
Its like the housemanship thing that doctors have to go through.
Customer Service jobs are assigned to 2 groups of people - management trainees as part of their tour of duty, and to those who have no choice...
Good management trainees stay for 12-18 months, pay their dues, and move on to more challenging positions in the company - preferably profit centres.
Customer Service is cost centre.
Never stay in Customer Service for more than 3 years if you can. It looks bad in our resumes...
Grow and climb.
The higher you climb, the less contact you'll have with ikan bilis.
Whales can be just as difficult to service; but at least they'll provide you with 5 or 6 figure bonuses at the end of the year!
This comment has been removed by the author.
DeleteHi Smol
DeleteThanks for your advice! Definitely taking in the right spirit! I came from the yin, serving the retail too.
Yes am building the experience and seeking opportunities along the way.
A small vent and whine in this watering hole! Oops I'm in uncle 8888
地盘.
Cheers!
CW,
ReplyDeleteIts telling isn't it?
These 2 ex-GIC executives didn't leave GIC to start their own Private Equity Academy to teach retail how to do private equity investing?
LOL!
No surprise if GIC is one of the cornerstone seed investors in this new company. ;)
ReplyDeleteGIC performance dropping off in the next few years until they recruit new stars.
Delete