Cool Living in Parchinburi, Thailand ; Artisan Coffee in airconditioned comfort after a hard morning's 10K run
A very successful friend of mine, has this very insighful piece of advice to me. He has managed companies with thousands of staff in a nearby foriegn country, and has had to deal with countless of issues and stresses while he was the CEO. He decided that at the ripe old age of 54, he decided to retire, in early 2008.
The subprime crisis hit in Autumn 2008 and institutional banks,trading houses, merchant banks were swimming in massive losses and thus started the great (US) Financial Crisis. My friend's timing was perfect, leaving at the top of the 'game' with a decent cash pile and he headed back home to Singapore.
I have known him for almost 10 years and recently over lunch he had this message to me : aim for a financial target,once you have hit it and you calculate that its sufficient, prepare your exit and do it.
He has given me much financial advice over the years and they have all been proven correct.
I left the lunch a very thoughtful man.
No comments:
Post a Comment