Thursday 20 December 2012

SAILANG, THE WAY TO WEALTH CREATION:
ONLY WHEN ALL THINGS r "RIGHT" 




G Soros said,
Only If u r Right, Buy all = hantam = 'sailang' big big.


Story Heard 1
In the nineties, Soros had a very young sidekick in Drunkenmiller.

This young turks is truly an expert in forex. He knew so much
about Pound then. So this young man shorted Pound n kept bragging about
his theory. Soros then asked him, what is your position in Pound short ?
The answer given by Drunkenmiller is pretty small.
Soros turned around n said to him, if u r damn Right, why small ?

Next moment, together they went shorting Pound all the way to 

bankrupting Bank Of England. As a matter of fact, bank Of England
didn't bankrupt,  1 other central bank almost did !

For quite a few years, bank Negara was a hero in forex trading. The

entire forex world was waiting every morning for the wonderful 'tips' 
from Negara. That was the key word people looked for. 

Look, when people do wrong things, they get promoted even higher. U also

know why someone is so angry with  'moron' Soros. Many people do not know how to choose the real difference between RIGHT or wrong stocks, Pass or fail, GOOD or bad people or ideas. Many times wrong n bad people get promoted n r fully recognized in high office. Has this become our incredible culture ?


Story Heard 2 
J Paulson graduated amongst the very top in his MBA Finance at Harvard Biz School. He knew so much about sub prime financing biz. In late 2006 he started shorting Sub Prime derivatives n loss. Running out of choice he made contact to G Soros around late 2007 to early 2008 n had an appointment. 
Paulson gave a presentation n within 1 hour, the older gentleman bought his story.

Immediately both went shorting sub prime like 'crazy'. n the whole investing community followed suit leading to 2007-09 DOW financial crash. 

Paulson became record holder making US$3.2 billion. 2nd record was $2.8 billion. No name was mentioned. Of course none other than that older man.
So Humble he is.

So we need to aim  RIGHT  at  RIGHT TIMING.

& be sensitive to all things RIGHT...

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