More Lies

There are so many Liars around us.
Trying every opportunity to take money away from us.
It is happening in daylight, in a luxury office, in here and there......
It is a "Daylight Robbery"!

Because these Liars may appear as a CEO/Chairperson of a listed firm.
Claiming how good the firm has been performing when in fact the firm is soon to have Massive Write Off!
Claiming there will be double digit growth when in fact the firm is to have Huge Sales Decline!
Claiming there is no need to raise more Capital in the near future when in fact fund is raised Again in a month and at a Bigger Discount!

What do the above Liars want?

An Extremely Generous Pay Package?
A Big End of Year Bonus Payment?
A Golden Handshake for Departure? (even when being fired!!)

None of the above................................




But ALL of the above!

(And a Chairperson of an Australian Investment Bank had a Golden Handshake of A$20 Million when he retired about 6 months ago)

So, as expected, these Trusted and therefore Empowered Professionals will do anything, including LYING, to get their hands on BIG money! That is, instead of Working for the"Common Good", they only work for their OWN Good!

And in HK, we had a Drama happened at a TV Station recently.
It took God 7 days to make the World and it has taken us 12 days to see the "Inside World" of a Chairperson - a Liar in nature.

12 days ago, this Chairperson appearing in a Packed press conference, claiming he and his hand picked CEO would be closely working together to turn the 2nd TV station around. This Chairperson stressed at the time,

"We are to sit with Back to Back, covering each other's Back, working so closely Physically and Mentally together, there is nothing can possibly separate us."

And yet 12 days later (yes, NOT 12 Months or 12 Years!), they DID go separate way.

The SAME Chairperson appearing in a Even More Packed press conference, explaining why he had accepted the "Resignation" of his personally chosen CEO (even though the CEO had released a statement, claiming he had NEVER submitted any Resignation!)

"We have Irreconcilable Differences"

Do you still have Faith in this Chairperson?
About his Integrity - was he lying back then? Or is he lying now?
About his Ability - was he Incompetent back then? Or is he now acting on Impulse too?

Some Liars may appear as a Professional Economist/Analysts too.
Now forecasting the oil price to drop below US$40 when it is falling, when only a few months ago, he forecasted the oil price to rise to US$200 when of course the price was rising at the time!

Now forecasting HK economy to contract by 3% (i.e. -3%) next year when only a few months ago, claiming HK economy to expand by 2.2%! (i.e. +2.2%) !

These Liars want you to sell when they want to buy, want you to buy when they're selling!

What are the above Ugly Facts reminding you?

Trust Noone.

Trust noone in this ever changing financial world - the above so called "Professionals " are Guessing just like you and I.

And the ONLY Difference between them and us is




We do NOT lie to Ourselves.





Or, do you?

Fate
Be Honest. Be Fair. Be Prepared.