The folly of overdependence. Are you guilty of it?

If you're new here, you may want to subscribe to my RSS feed. Do also join our FREE membership where you will find tons of bonus marketing reports, cheatsheet and guides. Yep. 0 charge, 100% value. Join NOW!

Recently, Indonesia banned the sale of sand to Singapore, citing environmental problems as a result of over harvesting of sand. This move send shockwaves among the building and construction industry here. The implications are huge. Construction projects have to be put on hold. The price of sand from other sources, have risen with this sudden surge of demand, meaning significantly more expenses will have to be incurred! Have you ever faced a similar situation, whereby your partner, supplier or worker have suddenly left you in a lurch without warning, leaving you to face all the s**t that ensures alone? I know for sure, many people I know have. Personally I have experienced this before. And it is definitely NOT NICEEEE! Focusing is a virtue I always advocate, especially when it is investment-related. However when it comes to work issues, I will prefer to diversify and not over rely on someone. Ask yourself these few questions (all the more so for Biz owners):

• Is there anyone on your team that is not indispensable (everyone is expendable, and yes, including YOU)?

Share & Enjoy With Your Friends

del.icio.us Digg Reddit StumbleUpon Technorati Yahoo!

The Emotional Investor Part 1

Many serious investors out there must have heard of or read the investment classic "The Intelligent Investor" by Benjamin Graham, the father of value investing.

I have my own version - The Emotional Investor.

The emotions associated with investing (or trading/speculation for that matter) are very real! And may I add very counterproductive, even harmful as well!

When one is emotional, sense and level-headedness are thrown out of the window. It blinds the most intelligent of people. It clouds the judgement of even the wisest of them all.

What deadly emotions are we talking about here?

1. Greed

So what's new? Greed has been present in men since the very beginning of time. The insatiable urge to squeeze out more money, every little ounce of them. I for one has experienced this before, many times in fact!

Greed is one of the worst destructive emotional behavior.

Have you ever found yourself in a situation where you are supposed to take profit, quit the trade, but decide to stay on longer just to earn a few more percentage points, and in the process going against your own rules?

Share & Enjoy With Your Friends

del.icio.us Digg Reddit StumbleUpon Technorati Yahoo!