Friday, June 20, 2014

Power - The 48 Laws

Power by Robert Greene. 

It is a nice book. Unique perspective on how to get to the top. Here are some of the laws to follow:

1. Never outshine the master
2. Never put too much trust in friends, learn how to use enemies
3. Conceal your intentions
4. Always say less than necessary
5. So much depends on reputation - guard it with your life
6. Court attention at all cost
7. Get others to do the work for you,but always take the credit
8  Make other people come to you - use bait if necessary
9. Win through your actions, never through argument
10. Infection: Avoid the unhappy and unlucky
11. Learn to keep people dependent on you
12. Use selective honesty and generosity to disarm your victim
13. When asking for help, appeal to people's self-interest, never to their mercy or gratitude.
14. Pose as a friend, work as a spy
15. Crush your enemy totally
16. Use absence to increase respect and honor

It make sense and it happens most of the time.

Going Long

I like the feeling of being a Tsupitero - the excitement, depression then excitement. But I think its not for me. Now - I decided to be an investor. I don't have to always check my portfolio and I can properly space my buying period. It's a bit difficult as I have to learn to ignore 'PSE noise', e.g. SINO is ceiling, DAVIN rumor, etc. Now I have more control on how I plan my trades. Gone are the days when I have to read stock forums and always look at the Tsupitero FB group. Now my stocks and I will have all the time in the world to get to know each other better :-).

So, I decided to have these 3 stocks, (1) COAL which I bought at 1 peso level, (2) BLOOM at 11 pesos average and (3) FPH which I just added into my portfolio. I will be looking at 3 to 5 years investment period. Hopefully, they can significantly contribute to my retirement fund :-).

As you can see - I have 2 growth stocks, COAL and BLOOM and 1 dividend paying. I stopped buying COAL as I have quite significant position on this. I am continue buying BLOOM and FPH as I need to increase my position and I think they are the least risky stocks compare to COAL.

So, may be after a year, I can re-visit my position and see if they are really good for a long haul.