Last week, I was in Singapore for a short vacation. I read “Same as Ever” which is yet another insightful book by Morgan Housel as I rode on buses and MRTs. It consists of 23 short stories that offer lessons on risk and opportunities. Here, as a financial educator, I’ll list down 5 key insights that are relevant to us in the key areas of personal finance, investing and portfolio building. They are as follows: | KCLau.com
Once, there was an MBA student. Upon writing a business plan, he assembled a team and started an e-commerce site known as MercadoLibre, which is Spanish for “free market”. That student was Marcos Galperin in Argentina back in 1999. Since then, MercadoLibre expanded its presence to Brazil, Mexico and many other nations across Latin America […]| KCLau.com
I first read “Same as Ever” by Morgan Housel at the end of 2023. | KCLau.com
Netflix Inc (Netflix) offers subscriptions where members enjoy TV series, games, and films across a wide range of genres and languages as much as they want, at any where, any time in 190+ countries worldwide. As I write, Netflix is valued at US$ 501.6 billion in market capitalisation. In this article, I’ll share 5 major […]| KCLau.com
Here is a case study: | KCLau.com
After a heavy meal at a local nasi kandar restaurant, I bought 10 sen of Hacks (yes, the candy). I still remember that I could get 3 candies for 10 sen. Later on, it is 5 candies for 20 sen. It has been a long time I didn’t spend money on candy. So I asked the cashier in case it is more expensive already. And it is lucky that I asked, because it is selling 2 for 10 sen nowadays. The price rise 50% after 20 years. That’s inflation! However, Hacks candies are still very affordable. Think ab...| KCLau.com
“How much do I actually need to retire?”| KCLau.com
Ian, are you now into options trading? | KCLau.com
Ideally, as investors, we should first assess a stock’s fundamentals before investing. Such would include understanding its business model, financial results and growth plans. However, as we all have busy schedules and would prefer our time to be spent on other activities: work, health, and family, we may use screeners to sift through thousands of stocks to find a dozen few that meet a list of criteria, which may fulfill our “wants” for a stock. | KCLau.com
When people think about paying off their mortgage, they often feel a sense of dread. The idea of being stuck with a huge debt for years is daunting, so many of us rush to pay off the mortgage as soon as possible. We might even dip into our EPF (Employees Provident Fund) Account 2 to do it, believing that getting rid of this “financial burden” is the key to financial freedom.| KCLau.com
Once, there was an MBA student. Upon writing a business plan, he assembled a team and started an e-commerce site known as MercadoLibre, which is Spanish for “free market”. | KCLau.com
As movement restrictions had been lifted, I had started travelling both locally & abroad. I’ll compare hotel room rates at both Booking.com and Agoda to search for the best possible deals before booking them. Little did I know that these are actually owned by the same parent company: Booking Holding Inc. Today, it has a market capitalisation of US$ 140+ billion, making it one of the fastest growing online providers of travel-related services in the world. Here, I’ll make a list of 6 thing...| KCLau.com
Today, many continue to prioritise “price” over “quality” when it comes to stock investing. | KCLau.com
Recently, I read and studied the investment letters of Fundsmith. | KCLau.com
Darden Restaurants Inc (Darden) owns and operates branded restaurants in the US. As I write, Darden has a market capitalisation of US$ 17.4 billion. If this is to be converted into Ringgit, the size of Darden is comparable with Public Bank. As an ever-developing investor, I’d studied and would like to list down 5 things that I learnt about Darden. They are as follows: | KCLau.com
The Perak Academy is a non-profit body which organizes projects and activities involving intellectual discourse, research, writing, fine arts and performing arts. It organizes the popular ‘Perak Lectures” series with speakers of national and international standing invited to speak on a variety of topics aimed at stimulating and disseminating intellectual discussion. Below is a reproduction of a recent talk delivered to the Academy by Mr Koon Yew Yin. | KCLau.com
Let’s say, you are in your late 50s, 60s, or 70s today. | KCLau.com
This is the story of a boy born in a middle class who started investing with a few thousand dollars and become the world’s richest investor still living today. Imagine getting more than US$500 million MONTHLY passive income! This is Warren Buffett.| KCLau.com
Let me tell you a story about the time when a college kid asked Buffett for the #1 advice on how to get rich.| KCLau.com
