Weakening the weak

source: www.money.cnn.com

If you are reading The Millionaire Next Door by Thomas Stanley and William Danko(I am in the last few pages) this phrase might be familiar to you.

http://www.fotosearch.com

The chapter that brought out this phrase is about outpatient care of adult children of the affluent. Back in the Philippines if one is born rich or with a silver spoon we say they are lucky. The fact is there are a few lucky born rich kids who are able to stand on their own. Most would likely be under the roof of their parents even after they finish graduate school. 

Weakening the weak means instead of strengthening somebody by helping out by way of shouldering their first rental by the time they live on their own or continually giving money even if they already have their own family they instead grow dependent on that support which they expect to come. It is like your mother giving you money even if you are already working thus it creates that thinking of yours that it is okay to not save up because financial help is always accessible.

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Bible Quotes of the day: The importance of information

Through wisdom a house is built, and by understanding it is established; and by knowledge the rooms shall be filled with all precious and pleasant riches. 

Proverbs 24:3-4

That is why it is important to do due diligence before investing in a stock. Don't just buy because it is a hot tip or it is the talk of the town. A stock's sudden price rise may be due to speculation and if you are caught up or what my stocker friends term as "ipit" then you might get burn and lose a lot.

I recall the SEC's propaganda in the past.... INVEST...... INVESTIGATE

Bible Quotes of the day: The importance of information

Through wisdom a house is built, and by understanding it is established; and by knowledge the rooms shall be filled with all precious and pleasant riches. 

Proverbs 24:3-4

That is why it is important to do due diligence before investing in a stock. Don't just buy because it is a hot tip or it is the talk of the town. A stock's sudden price rise may be due to speculation and if you are caught up or what my stocker friends term as "ipit" then you might get burn and lose a lot.

I recall the SEC's propaganda in the past.... INVEST...... INVESTIGATE

PSE Website Part 8: Knowing who manages the companies that you invested

 source: http://www.cmu.edu/
In business it is important that you trust the persons that manage the company. Their educational and professional background maybe impressive but if investors don't trust them it will be hard to see growth due to lack of investor confidence. 

One good example is Steve Jobs of Apple. Jobs was the primary innovator at Apple yet when his attitude turns from good to bad the company started to fall and eventually led to his expulsion to the top post. He learned his lessons and was able to get the trust of the people inside Apple and eventually the investing public. Since then Apple lunch one of the greatest gadget, The iPhone and has been a key player in technological innovations.

To see the managing team of your stock's company you can check them by going to the  the Board of Directors and Management link in the Corporate Information link:

Note: the use of ABS Corporate information is for illustration purposes only.

PSE Website Part 8: Knowing who manages the companies that you invested

 source: http://www.cmu.edu/
In business it is important that you trust the persons that manage the company. Their educational and professional background maybe impressive but if investors don't trust them it will be hard to see growth due to lack of investor confidence. 

One good example is Steve Jobs of Apple. Jobs was the primary innovator at Apple yet when his attitude turns from good to bad the company started to fall and eventually led to his expulsion to the top post. He learned his lessons and was able to get the trust of the people inside Apple and eventually the investing public. Since then Apple lunch one of the greatest gadget, The iPhone and has been a key player in technological innovations.

To see the managing team of your stock's company you can check them by going to the  the Board of Directors and Management link in the Corporate Information link:

Note: the use of ABS Corporate information is for illustration purposes only.

PSE Website Part 8: Knowing who manages the companies that you invested

 source: http://www.cmu.edu/
In business it is important that you trust the persons that manage the company. Their educational and professional background maybe impressive but if investors don't trust them it will be hard to see growth due to lack of investor confidence. 

One good example is Steve Jobs of Apple. Jobs was the primary innovator at Apple yet when his attitude turns from good to bad the company started to fall and eventually led to his expulsion to the top post. He learned his lessons and was able to get the trust of the people inside Apple and eventually the investing public. Since then Apple lunch one of the greatest gadget, The iPhone and has been a key player in technological innovations.

To see the managing team of your stock's company you can check them by going to the  the Board of Directors and Management link in the Corporate Information link:

Note: the use of ABS Corporate information is for illustration purposes only.