More for Fun sake, the similarities in cooking and investing
Investing: It is easy to learn how to invest, but if I want to be the next celebrity investor, that is a different ball game. Learning to invest to earn some returns to beat inflation, in particular is not really that tough, but if I insist of XIRR of X%, then again, the ball game is different. Just like cooking for my mother and starting a business of cooking at the kopitiam is 2 different matters
C: If I marinate my ingredients earlier and longer, it taste better.
I: Invest earlier and let compounding work for me.
C: The fresher the ingredient, the easier to have the natural taste without too much seasoning. How do I choose the ingredients then? OK, my sister bought it from organic shop, I just check with her the price today, and realized it is 8 times more expensive!!
My own method? Go to the market earlier, buy and cook immediately. It will be fresh. Don't deep freeze it then thaw. I am not sure if I am sensitive, but I am super sensitive to yu xin wei. The smell of fish. Fresh fish do not have that, when my MIL thaw fish and prepare it, it is super "smelly"
I: About more expensive means more fresh, someone will slap me. But in investing, having some rock-solid blue chips (ex.) might not be a bad idea. So, how do I get a chance for morning shopping with the market for freshness? I see it this way, look out for companies that keep refreshing itself or its assets. Look at capitaland AEIs of its malls, It is always on-going, even Ascendas reit is regularly buying, AEI and even selling older industrial building.
Then how to maintain freshness by cooking once you get the ingredients? What is the cooking? Hmm... The actual cooking is the actual buying and selling?? Maybe it means when you are ready, be decisive ?? LOL just thinking aloud here.
C: There is a trade-off after certain optimal level between taste and health. If something is super tasty, chances are it is not healthy, with plenty of seasoning. If I want super healthy, there is a cost to it, I shutters when I think of the organic and the type of seasoning and ingredients my sister bought for me to use in cooking.
I: there is a trade-off after a certain level between thrill and satisfaction vs boredom and the health of my portfolio. I wanted actions, even when I am keeping money at my side and increasing my emergency fund, I am still looking at counters to invest. LOL. Boredom will kill me sooner or later.
C; There are so many methods to cook, steam, bowl, fry, bake, grill etc. I do not need to know or be a master of all of them to make a meal, but if I want my parents to keep eating it in the longer run, I still need to learn new methods or try new ingredients. My mum can like my steamed dou gan with bak chor, but I wouldn't dare cook it everyday.
I: We need not be proficient in every methods when we start in investing. But in the longer run, it is important to keep expanding the circle of competence. I get a F in this area. I have kind of stop learning new valuation method etc. There is no need to be method crazy, but I think I stagnant for too long.
C: My mother, my sister, my friend have suggestions on how I should cook, and from reading recipe books, I have some ideas what to do too. The best way to learn is to do it and eat it.
I: The best way to learn investing is to buy your money into the market and experience the loss and win.
C: I am afraid of chow da (Overcooked), so I do not dare to cook with big flame. Now, that I have done it a few times, I know when it is ok to maximise the fire.
I: Until recently, I always fire big big good (Mostly fully vested), now, I scare liao. Small small fire, when time right, then hoot. Just don't chow ta can liao.
Finally, only when I start cooking, do I start appreciating the taste of food better. Only when I start investing, do I start appreciating the importance of money. LOL