Running lean – a systematic process for iterating your web application from Plan A to a plan that works

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This is a book by Ash Maurya, which talks about how to find and create a product that the market wants. The book is split into three major parts: product/ solution fit, product/ launch fit, and product/ market fit. This is also the book about the Lean Canvas, a modification of the Business Model Canvas by Alex Osterwalder. Product/ solution fit The first part of the book talks about the ways … [Read more...]

Venture deals – be smarter than your lawyer and venture capitalist

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My friend asked me to read this book in order to understand how the VC industry works. I must say, I wasn't disappointed with the quality and quantity of content put forth by Brad Feld and Jason Mendelson, who are a VC and a VC lawyer respectively. Venture Deals is segmented into two parts: explaining the term sheet, and other things to take note of. The term sheet refers to a non-binding … [Read more...]

The Millionaire Teacher

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Nope, I am not talking about myself. I consider myself a teacher but I am definitely not a millionaire yet. (Although I do reckon our $380,000 portfolio should have a good chance of hitting that million mark in 10 years’ time.) The person I am referring to is Andrew Hallam, who wrote a best-selling book titled “Millionaire Teacher” five years ago. He’s back with the second edition of the book and … [Read more...]

Purple cow – transform your business by being remarkable

Other than the 4Ps of Marketing, now we have another P - Purple Cow. I picked up this book last week, but stopped it halfway to read another book - talking to humans. Finished it today, which took me around 5 days. Overall, it's a very light reading. This book is about Marketing, and how do you design, create, market, or promote your product or service in a way that is so remarkable that … [Read more...]

Book review: Talking to humans

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This book is about entrepreneurship, and more especially, about what you should do before starting your business. It originated from a blog post, which received many comments and shares, and thereafter the author, Giff Constable, made it into a book. It is listed at 88 pages on Amazon. It is almost a required reading for many entrepreneurship courses in universities, and highly recommended by … [Read more...]

Book review: So good they can’t ignore you

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I picked up this work on the 2 Jan this year and finished it yesterday, 10 Jan. On Amazon, this book is listed at 267 pages. I is the (non-affiliated) link from Amazon: here. Without further ado, let's quickly skim the main points of the book. So good they can't ignore you: why skills trump passion in the quest for work you love The author segments the book into 4 rules and allocates a … [Read more...]

Reading goal and book review

After reading this post by LP and how he set a reading goal of 1 book a week, I was inspired. I don't think I can read that much as I have work on weekdays and sometimes on weekends as well, but I have a Kindle and I will read as much as possible when I am commuting to and fro places. How do you set a goal that will keep you motivated throughout a long period of time, such as a year? I guess … [Read more...]

What we know about risk is all wrong

The chance that an investment's actual return will be different than expected. Risk includes the possibility of losing some or all of the original investment. Different versions of risk are usually measured by calculating the standard deviation of the historical returns or average returns of a specific investment. A high standard deviation indicates a high degree of risk. Read more: Risk … [Read more...]

7 Money Lessons From Tony Robbins

It’s been more than a year since I last reviewed a book. It’s not that I haven’t been reading. Just that these reviews (examples here and here) generally take quite a lot of effort and I have realised that few books are actually worth that effort. However, recently, I finally managed to pick up Tony Robbins’ Money: Master The Game at the library and after reading the entirety of the book, I … [Read more...]

Berkshire Hathaway 2016 Annual Letter

Key Lessons by Warren Buffett to Investors in his annual Shareholder Letter. Same as with last year, we summarised some of the key points to note from the Legendary Investor's Annual Letter to his Shareholders (and fellow investors!) The full 2015 annual report is available HERE. Key lessons for 2014 available HERE.MORE LINKSCan't Hit CPF Retirement Sum?4 Things to know About Withdraw $ from CPF5 … [Read more...]

Book review: Rich Dad’s guide to investing

I borrowed this book from the library last week by chance. If you expected it to be your usual FA TA book then you would be sorely disappointed. It sounded more like a pep talk book most of the time - in adjusting the reader's mindset to think rich. The first couple of chapters in the book reminded me of SMOL's favourite line "come have a kopi and char shao bao...". Then it goes on saying one … [Read more...]

Investing Your First $20,000!

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Over the past couple of years, I have received quite a few emails from readers and many largely centre around this theme: “Dear 15HWW, How Should I Start Investing? (so that I can have a portfolio like yours one day…)” Now, instead of pulling out a template and replying to interested parties on this timeless topic based on my limited experience, I can now point beginners to this FREE … [Read more...]

What we know about risk is all wrong

The chance that an investment's actual return will be different than expected. Risk includes the possibility of losing some or all of the original investment. Different versions of risk are usually measured by calculating the standard deviation of the historical returns or average returns of a specific investment. A high standard deviation indicates a high degree of risk. Read more: Risk … [Read more...]

5 things that you need to start doing to improve your financials during your early 20s

Most people in the early 20s would think that they still have a long way before retirement and financial planning is too "kewl" for them. Contrary to that, early financial planning can go a long way. This is especially due to the power of compounding. Well, here are 5 things that you NEED to start doing to improve your financials during your early 20s. 1. Tracking your expenses This is one of the … [Read more...]

The Automatic Customer

Today I will be sharing a book that I recently read. I think that this is a really good book that is worth sharing to our readers, even though it does not belong to any of our blog category. This book is more of a "business start-up" book than a "investment/personal finance" book. Personally, I don't buy books because I believe that a public library provide really good resources for free - … [Read more...]

Should You Build A Singapore Permanent Portfolio?

As the portfolio that I publish on this site heads north towards the $300k mark, I do notice my balls shrinking ever so slightly. That’s not surprising since $300k is a significant sum to both the Mrs and me and will go a long way towards fulfilling our semi-retirement dream. If we were given a 50/50 bet that would either double the amount or halve it, we probably wouldn’t take that bet. (Yeah, … [Read more...]

Key Points of Warren Buffett 2014 Letter to Shareholders

We understand that a lot of our readers do not have the time to read through the whole annual letter by Warren Buffett, the best investor of all time.As such, we have summarized the key points of his annual letter below for the benefit of our readers! :DWe have only summarised points that we think are important for the average investors.As majority of the annual letter relates to Berkshire … [Read more...]

How ETFs are changing the world of activists (Inspired by an article in Economist)

This post is inspired by an article that was in the Economist, edition dated 7 - 13 February. You may read the following article here: http://www.economist.com/news/briefing/21642175-sometimes-ill-mannered-speculative-and-wrong-activists-are-rampant-they-will-change-american While this is just a sub-topic of the entire article, I believe this would likely be the future of our market if more … [Read more...]

ETF Strategies

We talked about the benefits of investing in ETFs in the previous article.Link to previous article: Today, this article will be talking about the strategies that can be employed when using ETFs!Personally, I am not a technical investor but a fundamental one.Thus the strategies suggested will not require the use of technical charts etc.For me, there is a passive approach and a slightly more active … [Read more...]

“The New Good Life”

You probably don’t know who John Robbins is. Me too. But that was until I came across one of his books a few weeks ago. And I have got to say his life has been nothing short of intriguing. I am sure you have heard of Baskin-Robbins. It’s one of the world’s largest chain of ice-cream specialty shops and John Robbins is the son of one of the two founders, Irv Robbins. Yup, he was born into riches … [Read more...]