Life 01 (May 08 - Oct 08)

Re: STI - Market Direction & Strategy

Postby winston » Sun Jul 06, 2008 1:00 pm

kennynah wrote:however, i enjoy watching the game of snooker...now cable is showing premier league snooker..


I used to play a lot of snooker as well, > 20 years ago. A few hours everyday and I watched all the videos too..

Again, from a higher perspective, wasn't I wasting a lot of time ? Trying to put some colored balls into a small hole ? Again, that is not too different from golf ( which I used to enjoy a lot ), or basketball or tennis or Martial Arts or F1 or boxing or football or baseball ...

I've always wondered why people spend so much time and energy on such pursuits. Is it the money? Well, it is very rewarding if you are a Michael Jordan or Tiger Woods.

But I think it is because of the "enjoyment" of being in the Present moment, in the Zone, if you want to call it...

As long as one enjoys the pursuit, that is what matters. Not up to us to really judge what is right or wrong..
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Life

Postby winston » Sat Jul 12, 2008 4:43 pm

Small steps on the way to having an ideal situation...

======================

Racism now a crime in Hong Kong
Asia News Network
First Posted 15:09:00 07/12/2008

South Korea considering Filipino English teachers

AFTER more than a decade of debate, a controversial anti-racism bill has been unanimously approved by legislators in Hong Kong.

This could be good news for non-Chinese Hong Kongers like the Arcilla family.

Originally from the Philippines, the Arcillas have called Hong Kong home for more than two decades.

All of the four Arcilla children were educated in the city after the family's move, and both parents speak fluent English and some Cantonese, hold steady jobs and pay taxes.

Yet they face racism on a daily basis.

Father Ray Arcilla, 54, said he has been called “stupid and “brainless” in the course of his work as an engineer, simply because of the colour of his skin.

His 26-year-old daughter Tesa said she has met Hong Kongers who assume she is either a maid or a prostitute because she is a Filipina.

Under the new anti-racism legislation, the discrimination faced by the Arcillas could now be illegal.

The new law aims to guarantee racial equality by criminalizing "discrimination, harassment and vilification on the ground of race".

Even so, some rights groups like Unison, which represents ethnic minorities, criticize the bill for not going far enough to protect minority rights.

Fermi Wong, the director of Unison, said it was “ridiculous” that government agencies, including the police, are exempted from the law.

But secretary for constitutional and mainland affairs Stephen Lam said it was not feasible to include all government departments in the bill.

Doing so could result in "an influx of litigation and complaints which are unreasonable and unnecessary...and would hamper efficient administration", he said.

Ethnic minority groups, who make up five per cent of Hong Kong's seven million population, have long complained of discrimination from the majority-Chinese population, especially towards the darker-skinned South Asians.

There are hundreds of thousands of ethnic Indians, Filipinos, Nepalese and members of other South Asian groups living in Hong Kong.

Many often complain they are paid less than Hong Kong Chinese for the same jobs or are made to work longer hours.

Some have also reported unfair treatment from hospitals and government departments, and difficulty in getting places for their children in public schools because of poor Chinese-language skills.

A separate row over a controversial clause exempting language discrimination divided lawmakers and nearly torpedoed the bill.

Under the original clause, government agencies and hospitals would be required to provide services in languages other than Chinese.

Margaret Ng, who chairs the Legislative Council's bills committee and is a long-time champion of an anti-discrimination law, slammed the government for its 'mono-language existence'.

In a Legislative Council meeting on Wednesday night, she told fellow lawmakers: "I stand before this council and the eyes of the world bowed down with shame and disappointment. I am deeply ashamed of our government."

Unison's Wong said the problem was that the government did not see minorities as a politically significant constituency.

"There is not a single non-Chinese legislator representing their interests," she noted.

In March, Wong and other equal rights campaigners headed to Geneva to express their concerns to the UN Committee for the Elimination of Racial Discrimination.

She intends to return next month to put pressure on the Hong Kong government to amend the anti-racial discrimination bill.

But some members of minority races - the very people the bill sets out to protect - are apathetic about the law and its clauses and exemptions.

Arcilla echoed the thoughts of others when he said there is only so much a law can do.

"The rest is up to education."
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Life

Postby winston » Tue Jul 15, 2008 8:28 pm

A Message by George Carlin:

The paradox of our time in history is that we have taller buildings but shorter tempers, wider Freeways ,but narrower viewpoints. We spend more, but have less, we buy more, but enjoy less.

We have bigger houses and smaller families, more conveniences, but less time. We have more degrees but less sense, more knowledge, but less judgment, more experts, yet more problems, more medicine, but less wellness.

We drink too much, smoke too much, spend too recklessly, laugh too little, drive too fast, get too angry, stay up too late, get up too tired, read too little, watch TV too much, and pray too seldom.

We have multiplied our possessions, but reduced our values. We talk too much, love too seldom, and hate too often.

We've learned how to make a living, but not a life. We've added years to life not life to years. We've been all the way to the moon and back, but have trouble crossing the street to meet a new neighbor. We conquered outer space but not inner space. We've done larger things, but not better things.

We've cleaned up the air, but polluted the soul. We've conquered the atom, but not our prejudice. We write more, but learn less. We plan more, but accomplish less. We've learned to rush, but not to wait. We build more computers to hold more information, to produce more copies than ever, but we communicate less and less.

These are the times of fast foods and slow digestion, big men and small character, steep profits and shallow relationships. These are the days of two incomes but more divorce, fancier houses, but broken homes. These are days of quick trips, disposable diapers, throwaway morality, one night stands, overweight bodies, and pills that do everything from cheer, to quiet, to kill.

It is a time when there is much in the showroom window and nothing in the stockroom. A time when technology can bring this letter to you, and a time when you can choose either to share this insight, or to just hit delete...

Remember; spend some time with your loved ones, because they are not going to be around forever.

Remember, say a kind word to someone who looks up to you in awe, because that little person soon will grow up and leave your side.

Remember, to give a warm hug to the one next to you, because that is the only treasure you can give with your heart and it doesn't cost a cent.

Remember, to say, 'I love you' to your partner and your loved ones, but most of all mean it. A kiss and an embrace will mend hurt when it comes from deep inside of you.

Remember to hold hands and cherish the moment for someday that person will not be there again.

Give time to love, give time to speak! And give time to share the precious thoughts in your mind.

AND ALWAYS REMEMBER:

Life is not measured by the number of breaths we take, but by the moments that take our breath away.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Life

Postby winston » Wed Jul 16, 2008 4:59 pm

The Atheist and the Apologist by Alexander Green

Last weekend, I had the honor of refereeing "The Friday Night Fight" at Bally's in Las Vegas.

The two contenders?

In one corner, weighing in at a trim 142 pounds, was Dinesh D'Souza, a Robert and Karen Rishwain Fellow at the Hoover Institution at Stanford University and author of several best-selling books including, most recently, "What's So Great About Christianity." (Note the absence of a question mark in the title. Mr. D'Souza is a Christian apologist.)

In the other corner, weighing in at a brawny 174 pounds, was Christopher Hitchens, contributing editor of The Atlantic Monthly and Vanity Fair and also the author of several best-selling books including, most recently, "God Is Not Great: How Religion Poisons Everything." (Mr. Hitchens, as you may have surmised, is a confirmed atheist.)

The debate was part of FreedomFest, billed as "The World's Largest Gathering of Free Minds." Over four days, we heard more than 70 speakers offer various views on investing, politics, history, religion, philosophy, science, medicine and the arts.

This was the final debate of the conference. The resolution was "War, Terrorism and Geo-Political Crisis: Is Religion the Solution or the Problem?"

I told our two pugilists that while we expected a "spirited" debate - pardon the pun - we wanted this to be a fair fight, a clean fight. So I warned them that I would tolerate "no head butts, no ear-pulling, no eye-gouging, no biting, no slapping, no gagging, no faking an injury, no attacks to the windpipe, no neck cranks, no spine locks, no fish-hooking, no hair-pulling, no groin strikes, no toe locks, no grabbing the throat, no punches to the head, no distracting the referee, no escaping the ring, and no unsportsmanlike conduct."

They both nodded, although Hitchens drew a laugh from the audience when he feigned a backhand to D'Souza's head on the way to the podium.

Over the next 90 minutes, the two combatants mesmerized the audience with provocative, enlightening, and frequently amusing arguments. D'Souza argued passionately that religion provides us with a set of values and an animating sense of purpose. Hitchens retorted that whatever benefits religion may provide, it is at the root of much of the intolerance, war and terrorism that exists around the world today.

Few would disagree on these points. However, their other differences could not be reconciled, to put it mildly. A vote at the end of the debate showed the audience of 1,400 was pretty evenly split. (Hitchens conceded the victory to D'Souza, however, offering that he appeared to have won a slight majority.)

Afterwards, I joined Hitchens and D'Souza for dinner at Le Cirque across the street at the Bellagio. And I had to chuckle inside as I watched these two slap each other on the back, inquire about each other's families and catch up on where they'd been.

Here were two men whose views on religion could hardy be more opposite. Yet they genuinely like, admire and respect each other.

Maybe there is a lesson here for the rest of us. Rather than focusing on our differences, perhaps we can search for common ground.

This is exactly what Jeffrey Moses proposes in his book "Oneness: Great Principles Shared By All Religions."

Moses points out that the world's spiritual truths are shared by all religions and by people of conscience everywhere. The Golden Rule is a good example:

Do unto others as you would have them do unto you.

Christianity

What is hurtful to yourself do not to your fellow man. That is the whole of the Torah and the remainder is but commentary.

Judaism

Do unto all men as you would wish to have done unto you; and reject for others what you would reject for yourselves.

Islam

Hurt not others with that which pains yourself.

Buddhism

This is the sum of all true righteousness
Treat others, as thou wouldst thyself be treated.
Do nothing to thy neighbor, which hereafter
Thou wouldst not have thy neighbor do to thee.


Hinduism

Of course, some fanatical groups - not only today but throughout history - have ignored or subverted this universal truth. They have strayed - often in murderous ways - from their own principles. Yet as religion scholar Karen Armstrong has devoted her career to making clear, the essence of true religion is compassion:

It is more blessed to give than to receive.


Christianity

Extend your help without seeking reward. Give to others and do not regret or begrudge your liberality.


Taoism

Bounteous is he who gives to the beggar who comes to him in want of food and feeble.

Hinduism

Blessed is he that considereth the poor.

Judaism

The poor, the orphan, the captive - feed them for the love of God alone, desiring no reward, nor even thanks.


Islam

As Moses writes, "The great sayings are like a guide or blueprint for the inner development of mind and spirit that allows a person to achieve his highest goals. These principles are the foundation for success in personal relationships with family and friends, for satisfaction and success in business activities, and for that final aspiration in life that each person ultimately desires - the achievement of inner peace extending beyond the confines of an individual lifetime."

Of course, it is not enough to simply acknowledge this. We have to act on it. We determine who we are not by what we believe, but by what we do. This simple truth can be found across all of the world's major religions:

By their fruits ye may know them.

Christianity

Students and teachers, and all others,
Who read the mere words of ponderous
------books, know nothing,
But only waste their time in vain pursuit
------of words;
He who acts righteously is wise.

Hinduism

Not learning but doing is the chief thing.

Judaism

A man asked Muhammad how to tell when one is truly faithful, and he replied: "If you derive pleasure from the good which you do and are grieved by the evil which you commit, then you are a true believer."

Islam

Like a beautiful flower, full of color, but without scent, are the fine but fruitless words of him who does not act accordingly.


Buddhism

"These great principles are not limiting to a person's satisfaction and fulfillment," says Moses. "Instead, they are guidelines that enable men and women to evolve to the highest point of human consciousness... These principles stretch beyond time and change. They establish a clearly marked path which will enable each individual to attain the peace and enlightenment that is the ultimate goal in life."

More important than the sectarian beliefs that divide us are the great truths that unite us. And these truths have one overriding goal: right action.

An individual's actions cannot help but mirror what is in his mind. You need look no further than a man's behavior to see the extent of his inner development.

As the Dalai Lama observed, "Every major religion of the world has similar ideals of love, the same goal of benefiting humanity through spiritual practice, and the same effect of making their followers into better human beings."

I think that's true. As I witnessed in Las Vegas this week, even a devout believer and a militant atheist can respect each other, love each other, and put their differences behind them. And if they can, what's stopping the rest of us?
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Life

Postby millionairemind » Sat Jul 19, 2008 10:16 am

What to Do When "Picking One" Is Too Much for You
By: Bean Jones
Just the other day, I wandered into a health food store and found myself baffled by an entire wall of vitamins--some of which I've never even heard of until that moment. Upon closer inspection, I found out that there were vitamins specifically targeting hair, skin, sleep regulation, and so on. You name it, they probably had it. Overwhelmed with the choices, I ended up not buying anything at all.

I don't know if that happens to you, too--but I always get confused when I'm confronted with too many things to choose from.

As it turns out, my multiple-choice confusion is shared by many others. A well-being assessment study done by social scientists David G. Myers of Hope College and Robert E. Lane of Yale University reveals that increased choice and increased affluence have been accompanied by decreased well-being in the U.S. They observe: "As the gross domestic product doubled in the past 30 years, the proportion of the population describing themselves as 'very happy' declined by about five percent, or by some 14 million people."

Echoing their findings, psychologist Barry Schwartz, in his book The Paradox of Choice: Why More Is Less, explains why we become blue when we have too much of a good thing. "Choice overload can make you question the decisions you make before you even make them, it can set you up for unrealistically high expectations, and it can make you blame yourself for any and all failures," he states.

Schwartz goes on to reveal that people can be classified as either a "maximizer" or a "satisficer" when it comes to making choices. Maximizers always obsess over "making the best possible choice," while satisficers are "content with 'good enough' and don't obsessing about better selections being 'out there.'" (Guess which group I belong to.)

To make life easier for people who like me who overload when they're asked to make a choice, Schwartz offers these tips:

1. Set limits. You can decide to restrict your options when the decision is not crucial. For example, make a rule to visit no more than two stores when you go shopping for clothing.

2. Learn to accept "good enough." Settle for a choice that meets your core requirements rather than searching for the elusive "best." Then, stop thinking about it.

3. Don't worry about what you're missing.
Consciously limit how much you ponder the seemingly "more attractive" features of options you have just rejected. Teach yourself to focus on the positive parts of the selection you made.

With these tips in mind, I suppose it'll be safe for me to go back to that health food store soon, right? I swear I'll stop myself from reading all the bottle labels.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: Life

Postby winston » Sun Jul 20, 2008 10:28 pm

The Importance of Living Rich
By Suzanne Richardson

No matter how much you make, you can live just as well as a billionaire. If you realize that you can enjoy the finer things in life without breaking the bank, you’ll never want for anything.

But some people just don’t get it. Take a recent New York Times article about how the economic downturn is affecting millionaires: "Hairstylists and private jet rental companies say the wealthy are cutting back on luxuries like $350 highlights and $10,000-an-hour jet rentals. Even nutritionists and personal trainers notice a problem. The wealthy are eating more and gaining weight because of the stress."

Boo hoo. Sure, it would be upsetting for your income to dwindle from $8 million to $2 million or your net worth to drop from $20 million to $8 million. But come on - be serious here. If you’re freaking out because you have to cut back on your monthly trip to Milan… or you have to cancel your $200 weekly massage… you’ve lost touch with reality.

You can pay almost any price you want for the things you enjoy. But if you’re shelling out top dollar for food, clothing, and entertainment, you’re probably paying for prestige instead of quality.

The truth is, you don’t need to spend massive amounts of money to live well. As Michael Masterson points out, "If you buy things selectively and use them with care, you can enjoy a life as materially rich as Bill Gates on an income that wouldn’t get him through lunch."

Here are Michael’s directions for Living Rich - no matter how much you make: "The way you dress, the way you eat and drink… even the home you live in… can be as good as any billionaire’s. Spend time shopping. Buy very selectively. Limit your possessions. And take a half-hour a day to really appreciate the good things you have."
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Life

Postby winston » Tue Jul 22, 2008 10:27 am

Yesterday, the HSI was very hot. It is the type of day that I was waiting for..

However, I am on vacation with the family. So I made a choice to go out with them to the Ocean World rather than to watch my counters in the hotel room. No right or wrong choice...

Today, the choice is easier though. The market is slow so the Opportunity Cost is smaller :P
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Life

Postby kennynah » Tue Jul 22, 2008 11:05 am

w: casino is always open ...hope u enjoy your vacation time with your family...
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas

Image..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................Image
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Re: Life

Postby Chiron » Tue Jul 22, 2008 11:19 am

It seems that a number of the forummers here are residing all over the world. Let me starts the ball rolling.

I'm in Spore, no prize for making the right guess being in a boring place :D

The rest? :)
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Re: Life

Postby Musicwhiz » Tue Jul 22, 2008 11:25 am

winston wrote:The Importance of Living Rich
By Suzanne Richardson

No matter how much you make, you can live just as well as a billionaire. If you realize that you can enjoy the finer things in life without breaking the bank, you’ll never want for anything.

Very good article and good advice. Please continue to post such articles. :D
Please visit my value investing blog at http://sgmusicwhiz.blogspot.com
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