I recently read about the passing away of Zuo Hui, billionaire and founder of China’s largest property listing website, Beike (NYSE: BEKE). According to news, Zuo was diagnosed with lung cancer in 2013 and underwent treatment. Acquaintances said he didn’t smoke or drink.
We’ve also read on the sudden passing of EverQuote Co-Founder, CEO Birnbaum.
This also reminded me a post sent by someone a couple of years ago claiming to be the words that Steve Jobs said on his death bed. It goes like this, “I reached the pinnacle of success in the business world. In others’ eyes, my life is an epitome of success. However, aside from work, I have little joy. In the end, wealth is only a fact of life that I am accustomed to. At this moment, lying on the sick bed and recalling my whole life, I realize that all the recognition and wealth that I took so much pride in, have paled and become meaningless in the face of impending death…” Not sure on the credibility of the source but it got me thinking back then.
Subsequently I came across a youtube video talking about “dying as the richest man in the graveyard”.
Likewise, I saw another video on youtube, an old video where someone asked Warren Buffett about success and happiness.
Not saying that money is not important. It does help one to achieve a better quality of life, to create a better environment for kids, especially with rising medical costs globally, and where I’m based, in Singapore. But how much is considered enough? What’s our own definition of “just enough”?
Here’s where I realized that balance is one of the important keys to life.
The Sweet Spot
We want a high salary but not too much at the expense of passion.
We like coffee, but not too bitter and yet not too sweet.
We want our children to be protected, but not too much to the point where they get spoilt. We also want them to learn how to stand up for themselves.
We don’t want to be couch potatoes; neither should we be going to the other extreme of taking steroids for body building.
We want to climb the corporate ladder, but let that not be at the expense of quality time with family.
We want a simple house but definitely not a house of cardboards but neither do we need to stay in a gold-plated mansion.
And there are certain things that we definitely cannot change, like whether we are taller or shorter than others. We are all created uniquely with different sets of strengths, gifts and purpose.
We need to find that sweet spot where there is just enough of everything. That reminds me of a powerful thing that a wise person once said in Proverbs 30.
Recent Articles written on Dr Wealth
Here are some of my recent articles published on Dr Wealth’s blog. I will only be sharing the links over here.
Why is Charlie Munger investing in China?
Click here to read >> https://www.drwealth.com/why-is-charlie-munger-investing-in-china/
4 issues holding China’s stock market back (& why investors should look beyond them)
Click here to read >> https://www.drwealth.com/4-issues-holding-china-stock-market-back/
Recent updates from my Facebook / Telegram channel
Recently, I’ve also shared that I sold my Crypto (April 2021). Not a big believer on Crypto, not an expert, just decided to profit take like the Chinese saying 见好就收... Hence a speculative play (small small) under my HRHR allocation. Will most probably buy back if it does get cheaper. Of course, if it continues to go up, will just kiss goodbye to my crypto.
Decided to sell partial of my XTEP on 4th June 2021 to profit take as it hit an all-time record high. Transaction done at $10.40 (see attached), a good 4X from $2.53 (cost). Will suck thumb if it continues to go up, can’t predict so decided to sell some.
Here’s my old article on XTEP published last year Nov 2020 when the price was hovering around $2.50+ >>
Cheers & Great Week ahead!!
Disclaimer: Just sharing from my own experience as I have put my own money into the stock market over a period of 17 years. I am not a Chartered Financial Analyst (CFA) Charterholder and I do not have any finance-related qualifications. Please also check out our full disclaimer.
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