Gains From a Night at Solaire Casino

Posted 2 CommentsPosted in Investments, Reflections, Realities of Life, Stocks, Ironies of Life, Personal Finance, Daily Life

Did not really go there expecting to win anything. And I didn’t. But with the few hours spent there, I also did not expect to have some realizations on gambling, investing, how they are worlds apart, and why Juan prefers to bet on the wrong side.

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Filipinos Prefer Lotto and Horserace vs Stocks: Lack Education and Patience?

Posted 5 CommentsPosted in Investments, Reflections, Realities of Life, Stocks, Breadwinner, Ironies of Life, Personal Finance, Daily Life

If you’ve been betting on Lotto (or jockeys and horses) for years and years now and still it has not made you rich, then quit hoping that next time you will be the one who wins. On the other hand, if you have been investing in stocks for years and years now, I’m sure 100% that your ROI is at least positive, double digits even.

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How Take Calculated (Unfoolish) Risks – Mangun

Posted 3 CommentsPosted in Investments, Suggested Readings, Financial Literacy, Realities of Life, Philosophy, Ironies of Life

“I am happy to put up 1 million to gain 100,000 if the odds are 95 percent in my favor. I am not willing to buy a P10 lotto ticket to win P10 million because the odds are greater than a million to one against me. Both the successful stock and poker players understand this concept. That is why they are the winners. (Mangun)”

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I Am Destined For Something Greater

Posted Leave a commentPosted in Passive Income, Reflections, Realities of Life, Philosophy, Credit and Loans, Ironies of Life, Truly Rich Club, Daily Life, Scholar's Archives

I say to my self that it can’t be just this, there must be a greater purpose why I’m getting these good breaks, these big blessings. I pray that I figure out soon. I just hope that I live up to that greater destiny. To that Greater Purpose.

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