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Joined 2 years ago
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Cake day: January 22nd, 2024

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  • I always say, as much as the Western-led technological and economic innovation did bring prosperity, it is at the expense of the long term because it brought short term materialism and profiteering mindset. A lot of Western companies prioritise next quarter earnings over long term sustainability. That is not to say that other cultures aren’t materialistic and greedy, being an Asian I notice that older generations are materialistic because they grew up poor in post-World War II and colonial era, but East Asian culture stands out more because of Confucian values of thinking long term with state backing.

    Japanese companies are unafraid to branch out and diversify a lot; like Nintendo going from being playing card manufacturer to becoming a videogame giant, and Sony coming from electronics to videogames and now finance. They do this if the sector they are in is no longer commercially viable in the future. Meanwhile, Western companies fight tooth and nail to keep their dying business model going (I’m talking to you fossil fuel companies), because they are afraid of next quarter losses.

    As for China, they have made a mistake of resting with laurels on their heads in the past, having become complacent for being the centre of trade and culture for 600 years. Europe was clamouring to trade with China, and European imperialism and colonisation started as motivation by wanting to trade with China. The country is called “Middle Kingdom” after all in Mandarin, implying it’s the centre of the world, which is still true in many ways.

    But China got overtaken by the West and was wrecked in the 19th and 20th century. Whether it’s Nationalists or Communists who end up ruling the entirety of China, I think both factions are guided by past mistakes of the imperial order of becoming too corrupt and complacent, and don’t want to repeat it again in the modern world. China now thinks long term, it is the West who are now experiencing the mistakes that Imperial China had done.




  • I remember in school doing statistics and probability. There was a question to calculate the probability and chances of winning a bet, and we got a near zero answer. I then asked my teacher if that means the person is actually going to lose. She confirmed yes, and warned us that this is why you have to be careful with gambling and being in debt as a result, and being involved with loans sharks who prey on those with gambling problems.

    I’ve personally witnessed what gambling does to a person and their loved ones so I despise it. A lot of the gambling are rigged and so you are more likely to lose.

    I tell people that if they’re going to gamble, do the ones with more likelihood of success. Poker is rarely rigged, if ever, because it is based on pure psychology of the players. Investing and stock trading has a more established science, despite the occasional stock manipulation. Although, if one invests in more reputable companies with long term growth and only put in the amount of money the person is willing to lose, hardly anybody goes bankrupt with investing.


  • Wages haven’t kept up for at least 50 years. Working hard and making savings alone is not enough to create a comfortable nest for yourself. Older generations and the younger ones who are instilled with that notion don’t realise that the old way is no longer working.

    It’s not your fault, it’s the system. This isn’t to implore people to do investing, but this is a reason why I started doing investing. I don’t trust the system fed to us.