Have you read in the papers several years back where some new cases of Dengue Fevers were not diagnosed by some younger doctors?
Experienced doctors are usually the ones who will report to Ministry of Health if they spot patterns of unusually high cases of Dengue Fevers that require a co-ordinated response to root out the breeding grounds...
Similarly, those medical professionals who have experience working with SARs would have the muscle memory burned into them.
Next time if Singapore is once again faced with an "unknown" highly infectious disease, these medical professionals would ensure they protect themselves and their medical staff first.
If these brave doctors and nurses fall ill themselves, who are left to treat the sick?
For those who've never experienced a car accident or air turbulence before, you would think putting our seat belts on in the car and during our flights is such an hassle...
"Investors" who started their investing journeys after 2009 would know only one pattern - higher highs, higher lows.
To those of us who have lived through past patterns where markets do decline by -50%, we can't beat youth who don't know what cannot be done.
We practice Risk Management.
How do you practice portfolio re-balancing when both equities and bonds are in a bull market?
To youths who have studied business finance, portfolio management, and risk management in polytechnics and universities, have you gone back to ask your lecturers and professors what they've taught you is not reality today?
Do they still teach when equities go down, bonds in general will go up?
I'm a student of hedge funds, and yes, I practice the sincerest form of flattery - mimicy.
Its extremely humbling to see quite a few greats in the industry decide to return money back to their investors and retire from the industry. Well not really. They are investing/trading for themselves now.
Better to quit when they are still ahead and avoid the fate of those who have blown-up quite spectacularly!
All of them have one thing in common - they have made lots of money for themselves and their clients prior to 2008; after 2009, their past strategies don't seem to work anymore...
But then, those of you who started your journeys after 2009 wouldn't care or know.
And you don't use seat belts anyway.
Those of us who have experienced several bull/bear cycles and thus more "sensitive" to changing patterns, we are the ones who will probably take care of ourselves and our love ones first, before taking care of anonymous people we don't know.
Singapore Man of Leisure (welcome to my blog; just google it!)
