Another day of financial stock market crashes! It has been a relentless 7-day onslaught of tsunami proportion the world financial market has not witnessed for a long few decades. It is scary and everyone is running scare.
No headline. As there is only one for the people who are interested in financial matters!
Lessons for me:
1. don't play with the credit system! The multiplier effect is good as it turns $1 to 10x or 100x. We have consumption and hence growth. Sometimes we have to examine the very core value we held to come up with new perspective. Is growth really something we must have?;
2. if you play with the credit system, you get the benefits as well as the costs. It is a double-edged sword. It cuts both way. When you get cut the wrong way, do not blamed nobody!;
3. the new perspective that will emerge from this credit crisis hopefully are: blind pursuit of growth is NOT the only way to a healthy and happy living. Some economists advocate using a happiness index as the gauge instead of Gross Domestic Products (GDP) growth to measure true progress of mankind. Maybe the time is past due! Maybe the time is NOW!!
With the end of a bloody week, I just want to rest over the weekend and be prepared for what is possibly another week of battering by the stock market!
About Me
- LU Keehong Mr
- I am a Practitioner of 'The 7e Way of Leaders' where a Leader will Envision, Enable (ASK for TOP D), Empower, Execute, Energize, and Evolve grounded on ETHICS!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment