Losers from digital currency game, extraordinary income, financial instruments and scam

Every generation needs a revolution - an entrepreneurial revolution

I had a batchmate who used to work in a multilateral banking institutions who  was rumored to have lost her shirt playing the digital currency game.   She was supposed to have parlayed  P500K up to P10M, but eventually losing all.   Now she is rumored to be borrowing money and or inducing others to invest in such currency.  This is not the first case of somebody losing money just like in a casino to such a venture.

I have always maintained that I will invest only in a business I fully understand.  Thus No no for me are:

     1.  stock market and its derivatives

     2.  derivatives

     3.  hedge funds

     4.  digital currency

     5.  Fx

Only geniuses like Warren Buffett (and they are not too many of them) can digest and absorb vast amounts data.  And George Soros too.  We mortals are bound to fail. in these ventures.

   1.  A judge got his placements from us worth P500K to invest in stock market.  Six months after I met

        him and said he lost the whole amount in six months

   2.  The neighbor of daughter at a condo  (they own a factory)  lost P300K in digital currency.   

If it is too good to be true, then it is .  

Beware too of extra ordinary income.   Familiar with KAPA scam, etc where many people lost zillions.  Nothing ever happened with the investigation

An investor, an entrepreneur has got to know his/her limitation.  (Make my day)

The first generation creates it (business enterprise) the second generation enjoys it, and the third generation destroys it

Every generation needs a revolution - an entrepreneurial revolution

This was the topic of anecdotal research we did for a famous Mary Lady Professor (a foreigner) while I was in second year college.  

Indeed in my experience while as a first generation entrepreneur (or were they my parents?  But I was the one who put up many of the enterprises) the second generation, my children seem to have lost track of the original mission ie to create jobs and employment and to be in the service of others.  The second genration is not so keen in developing business skills and talents needed to be successful

The scions find satisfaction in:   having big balances at banks and showing this off, buying luxury real estate, travel abroad  good food

I still want to be frugal, hard working with the staff, sticking to the basics.  I hope the scions can come to their senses and be first generation creatures

Opportunity seeking follows the numbers game

Every generation needs a revolution - an entrepreneurial revolution

Even at this later stage in life, this office entertains many possible projects.  I think opportunities follow the law of numbers.  Of the so many in pipeline, only one or two will prosper.  Many obstacles will come up preventing success of the project:   1.  regulations,  2  internal dissent or lack of cooperation, 3.  the proposed partner mindset.  Lately one of our projects in the pipeline was cancelled because one of clearances was delayed, He lacked obviously patience and the maturity to come to a long term business  relationship.  He dared us to end the project, which we did.  We spent time effort, and over a year wrestling with the project. 

I was relieved that it was over.  It was second time he showed his lack of patience   On the other hand it was  a blessing in disguise because we did not get the desired row.

The other project was abandoned by the Board because lately we are having difficulty with LGU and 

its almost two years.  The LGU exec is a relative and has not been helpful.   

As my younger brother used to say, maybe " Not meant to be"     May be we will just use the project to cover our liabilities