PUBLISHER: SMART INVESTOR, APRIL 2017.
In one of Sun Tzu’s “The Art of War”, it quoted as “lf you know the enemy and know yourself, you need not fear the result of a hundred battles. lf you know yourself but not the enemy, for every victory gained you will also suffer a defeat. lf you know neither the enemy nor yourself, you will succumb in every battle.” This message is undeniably applicable to our personal finance and investment management. The enemy symbolises macroeconomic matters, while “you” represents microeconomic matters of the individual. Any shortcomings in understanding the strategy of balancing these two factors would invite personal disaster, especially in weathering through this tough situation. This provides us an insightful thought on financial success amidst the ebb and flow of economy and market that we are encountering. …
