Koon Yew Yin's Blog

Happiness is Our Ultimate Aim in Life - Koon Yew Yin

Koon Yew Yin
Publish date: Sun, 14 Feb 2021, 05:34 PM
Koon Yew Yin
0 1,414
An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin

I have decided to write this topic because I am very depressed by my investment in Supermax which has been dropping in the last 4 months for no logical reason. Moreover, I am sad because many of my followers are also affected financially.

 

Today is Chinese New Year, a very auspicious day. When a Chinese meets another Chinese, they wish each other “Gong Xi Fa Cai” which literally means wish you get rich. Unfortunately, most Chinese consider money is more important than happiness. They forget our ultimate aim in life is happiness. You must bear in mind that even without much money you still can be happy. The key to happiness is contentment; always count your blessings. In fact, you need very little money to live. How much can you eat? How big a house or a condo do you really need?  

 

Every morning when I wake up, I have 2 decisions to make- to be happy or sad. I always choose to be happy. To be happy does not cost any money. Our human mind is so powerful that if you believe in something, you will be able to find enough reason to justify your belief. If you want to be happy you will count all your blessings. If you want to be sad you can always find reasons to feel sad. But you must remember, just worry cannot change the situation. It can only make you feel worse. If you have a problem, try to find a solution. If the problem cannot be resolved, leave it because time will solve it sooner or later.

 

I am 88 years old and in my life time, I have learned many bitter lessons about human behaviour. Affection of parents for children and of children for parents is capable of being one of the greatest sources of happiness. But in fact, at the present day, the relations of parents and children are, in many cases, a source of unhappiness to both parties, and almost all the cases a source of unhappiness to at least one of the two parties.

 

I have an old friend of more than 50 years. Two members of his family have been quarrelling for many years. I am aware that it is impossible to help them resolve their differences. But I tried in vain because human emotion is involved. Moreover, one of them insists that she is right all the time. As I said before, one can always find reasons to justify one’s belief.  

 

This reminds me of an old Chinese saying, 清官难断家务事(Qīnɡɡuān nán duàn jiāwùshì.) laterally it means a fair judge cannot resolve a family dispute.

 

Many years ago, I read “The Conquest of Happiness” by Bertrand Russell, a British philosopher. It is a very difficult book to read because there are too many words on every page that I don’t know. However, I will try to summarise it for you.

 

First you must know what causes unhappiness and what causes happiness.          

The Causes of Unhappiness

1. What Makes People Unhappy?

Most unhappy people have so many worries about work, children wife and family. It appears unbearable and inescapable. I believe this unhappiness to be largely due to mistaken views of the world, mistaken ethics, mistaken habits of life, leading to the destruction of that natural zest and appetite for possible things upon which all happiness ultimately depends.

 

2. Competition

Every day, everyone is competing with one another for something. You cannot be happy if you keep fighting for success. Success can only be one ingredient in happiness, and is too dearly purchased if all other ingredients have been sacrificed to obtain it.

 

3. Boredom

Very often we are unhappy and bored because we have nothing to do.  We have come to associate boredom with unhappiness and excitement with happiness, but Russell argues that boredom and excitement form a separate axis entirely, having little relationship with happiness. "Running away from enemies who are trying to take one's life is, I imagine, unpleasant, but certainly not boring. ... The opposite of boredom, in a word, is not pleasure, but excitement. The confusion of excitement and happiness, and the flight from boredom that it entails, is a chief cause of unhappiness. The cure is to teach oneself to endure boredom without running from it.

 

4. Boredom and Excitement

We have come to associate boredom with unhappiness and excitement with happiness, but Russell argues that boredom and excitement form a separate axis entirely, having little relationship with happiness. Running away from enemies who are trying to take one's life is, I imagine, unpleasant, but certainly not boring. The opposite of boredom, in a word, is not pleasure, but excitement. The confusion of excitement and happiness, and the flight from boredom that it entails, is a chief cause of unhappiness. The cure is to teach oneself to endure boredom without running from it.

5. Fatigue 

This chapter is actually about worry. Russell believes that such physical fatigue as people feel in the industrialized world is mostly healthy, and that only "nervous fatigue", caused largely by worry, is really destructive to happiness. Russell believes most worry could be avoided by learning good thinking habits, by refusing to over-estimate the significance of possible failures, by taking a larger perspective, and by facing fears squarely.

6. Envy  

If you work hard you will be successful soon or later. Even if you have achieved success, you cannot be happy if you always compare yourself with someone whom you imagine, perhaps quite falsely, to be more fortunate than yourself. You cannot therefore get away from envy by means of success alone. You can get away from envy by enjoying the pleasures that come your way, by doing the work that you have to do, and by avoiding comparisons.  

7. The Sense of Sin

According to the Catholic teaching, premarital sex is forbitten. Traditional religion has saddled us with an ascetic moral code that will make us unhappy if we keep it by denying us joy in life and also if we break it by causing us guilt. The only solution is to root this moral code out of our unconscious, and replace it with a code less inimical to human happiness.

8. Persecution Mania

This is probably the most amusing chapter of the book. The purpose in this chapter is to suggest some general reflections by means of which each individual can detect in himself the elements of persecution mania from which almost everybody suffers in a greater or less degree. If you can detect them you can eliminate them. This is an important part of the conquest of happiness, since it is quite impossible to be happy if we feel that everybody ill-treats us.

 

9. Fear of Public Opinion

Very few people can be happy unless on the whole their way of life and their outlook on the world is approved by those with whom they have social relations, and more especially by those with whom they live. Fortunately, the modern world gives us some choice about where we live and who our friends will be.

The Causes of Happiness

In general, the second half of Conquest is not as impressive as the first. Not only is this section shorter than the first, but Russell has more of a tendency to ramble. These rambles can be entertaining, but they are usually not very informative. I am left with the impression that the causes of happiness remain mysterious to Russell. Once the obstacles to happiness are removed, happiness just happens -- somehow.

10. Is Happiness Still Possible? 

Fundamental happiness depends more than anything else upon what may be called a friendly interest in persons and things. The kind of interest in persons that makes for happiness is the kind that likes to observe people and finds pleasure in their individual traits, that wishes to afford scope for the interests and pleasures of those with whom it is brought into contact without desiring to acquire power over them or to secure their enthusiastic admiration. The person whose attitude towards others is genuinely of this kind will be a source of happiness and a recipient of reciprocal kindness. ... To like many people spontaneously and without effort is perhaps the greatest of all sources of personal happiness.

11. Zest

Zest is the x-factor that causes us to be interested in life. Russell has little to say about what zest is or how to obtain it. He does argue against those who would devalue zest by claiming that it is a mark of superior taste not to be interested in vulgar or lowbrow subjects. All disenchantment is to me a malady which ... is to be cured as soon as possible, not to be regarded as a higher form of wisdom. Suppose one man likes strawberries and another does not; in what respect is the latter superior? There is no abstract and impersonal proof that strawberries are good or that they are not good. To the man who likes them they are good, to the man who dislikes them they are not. But the man who likes them has a pleasure which the other does not have; to that extent his life is more enjoyable and he is better adapted to the world in which both must live.

12. Affection

One of the chief causes of lack of zest is the feeling that one is unloved, whereas conversely the feeling of being loved promotes zest more than anything else does. Unfortunately, considering the importance of affection to happiness, this chapter is almost completely descriptive rather than prescriptive. Russell describes the types of affection and evaluates their effects, but gives little advice about how to either give or get higher quality affection.

13. The Family

Of all the institutions that have come down to us from the past none is in the present day so disorganized and derailed as the family. Affection of parents for children and of children for parents is capable of being one of the greatest sources of happiness. But in fact, at the present day, the relations of parents and children are, in many cases, a source of unhappiness to both parties, and almost all the cases a source of unhappiness to at least one of the two parties.

 

This failure of the family to provide the fundamental satisfactions which in principle it is capable of yielding is one of the most deep-seated causes of the discontent which is prevalent in our age.

 

14. Work

Whether work should be placed among the causes of happiness or the causes of unhappiness may perhaps be regarded as a doubtful question. Russell places it among the causes of happiness for a number of reasons: 
    1. It passes time. 
    2. It provides an opportunity for success. 
    3. The work itself may be interesting.

15. Impersonal Interests

Certain interests are central to a person's conception of his/her life: career, family, and so forth. In this chapter Russell asserts the value of having interests that are not central, that have no effect on the major issues of life. Such hobbies and pastimes serve two purposes: (1) They provide an escape from larger worries, and distract the conscious mind so that the unconscious can work productively toward a solution. (2) They provide a reserve pool of interest in life, so that if disaster or a series of disasters destroy the pillars that support our central interests, we will have the possibility of growing new central interests.

16. Effort and Resignation 

What Russell calls resignation is more popularly referred to these days as acceptance. The question discussed in this chapter is basically: Should we try to change the world or accept it the way it is? Russell takes a middle position, roughly equivalent to the Serenity Prayer.

17. The Happy Man

In the final chapter Russell comes back to his main point: attention should be focused outward, not inward. It is not the nature of most men to be happy in a prison, and the passions which shut us up in ourselves constitute one of the worst kinds of prisons. Among such passions some of the commonest are fear, envy, the sense of sin, self-pity and self-admiration. In all these our desires are centred upon ourselves: there is no genuine interest in the outer world, but only a concern lest it should in some way injure us or fail to feed our ego.

 

 

 

More articles on Koon Yew Yin's Blog
Eversendai Corporation made a remarkable comeback in FY2023 - Koon Yew Yin

Created by Koon Yew Yin | Apr 22, 2024

Eversendai Corporation Berhad made a remarkable comeback in FY2023, reporting strong profit growth. Here are the key highlights from their financial performance:

Sendai price trend reversal - Koon Yew Yin

Created by Koon Yew Yin | Apr 22, 2024

Sendai price chart below is showing its price trend reversal. It is hitting a record high.

How can KSL double its profit? - Koon Yew Yin

Created by Koon Yew Yin | Apr 18, 2024

After the stock closed yesterday, KSL announced its 4th quarter EPS which is 40.76 sen and its net tangible asset (NTA) backing of Rm 3.65. Its profit increased by 230% more than last year.

Why Sabah will leave Malaysia - Koon Yew Yin

Created by Koon Yew Yin | Mar 29, 2024

Currently Sabah Government does not know that solar panel produces the cheapest electricity???

Malaysia can be one of the richest nations in the world - Koon Yew Yin

Created by Koon Yew Yin | Mar 23, 2024

During my life time I saw every Prime Minister being replaced by another politician for one reason or another. Dr Mahathir managed to stay the longest time of 22 years.

Property Developers comparison - Koon Yew Yin

Created by Koon Yew Yin | Mar 04, 2024

All property developers have just announced their annual profit for 2023. All of them reported increased profit.

My contribution as an Engineer - Koon Yew Yin

Created by Koon Yew Yin | Mar 04, 2024

Although my writing of this article sounds boastful but I feel that it is important to keep this record for posterity. Engineers play a pivotal role in shaping our modern world.

What can KSL can do to benefit shareholder? - Koon Yew Yin

Created by Koon Yew Yin | Mar 01, 2024

What can KSL do to benefit shareholders? I hope all the shareholders will read this article so that they can attend the coming annual general meeting to vote out those directors who are seeking re...

All Investors require Anticipation - Koon Yew Yin

Created by Koon Yew Yin | Feb 29, 2024

After the stock market closed, KSL announced its 4th quarter ending Dec 2023 EPS of 12.74 sen. The total is 40.76 sen for 4 quarters. Its total EPS for 4 quarter ending 2020 was only 17.8 sen.

Property developers share prices comparison based on latest EPS - Koon Yew Yin

Created by Koon Yew Yin | Feb 29, 2024

KSL is the cheapest in terms of PE ratio. KSL Holdings Bhd is a holding company. It is engaged in real estate services.

Discussions
1 person likes this. Showing 28 of 28 comments

i3investor007

扮清高,实则一个老狐狸,和另一个老死不活但又长命的马哈迪一样。

这些人都有共同点,说的话比放的屁更臭

2021-02-14 17:57

Dcmh

Agree

2021-02-14 18:24

birkincollector

wanna be happy? it will be hard for u because u make many people unhappy...and karma make sure ur not happy too.....

2021-02-14 19:57

Targeted

Mr. Koon, dont worry too much............i still believe Supermax will resume uptrend very soon....

2021-02-14 22:46

LuckyWinner

When you are holding glove stock, everytime good news about the vaccine come out,it make you feel sour, because the inner you want the vaccines to be ineffective, you want the pandemic to go on as long as it can...so black heart,so I sold my holding and take the losses... consider it my KARMA

2021-02-14 22:56

abang_misai

Koon, you hari-hari supermax. Gua sudah letih dengar

2021-02-14 23:03

bpsiah

LuckyWinner

What nonsense you trying to say. In your logic tech stocks also cannot buy because a lot of tech used for making bombs etc etc. and bombs are used to kill.

2021-02-14 23:06

Sslee

Today is Chinese New Year, a very auspicious day. When a Chinese meets another Chinese, they wish each other “Gong Xi Fa Cai” which literally means wish you get rich. Unfortunately, most Chinese consider money is more important than happiness.

This is what I wrote on CNY 2017.

Prior to the Chinese New Year holidays, I attended a tea party organized by my secretary in Medan, Indonesia. I lead my staffs, all clad in red shirt for a video recording wishing all the people, “Kami dari PT. MM mengucapkan Selamat Tahun Baru Cina … Gong Xi, Gong Xi, Gong Xi. Fa Cai, Fa Cai, Fa Cai.” Later I asked my staffs did they really know the origin and meaning of Gong Xi Fa Cai. Some answered it is just an auspicious greetings for the Chinese New Year.

I explained, literally Gong Xi Fa Cai means: “Congratulations and be Prosperous”. Chinese New Year/Lunar New Year or Spring Festival marks the end of the winter season where people emerge from the harsh winter of freezing temperature; the first word they said to each other is “Congratulation! You had survived another year.” The end of winter also signify the beginning of Spring where everything spring back to life, thus it is the time all activities start; be it land cultivation, construction, trading, business and etc. This is the opportune time for all to put in the hard work and be successful in whatever they are undertaking hence the greeting of “be prosperous”.

2021-02-14 23:35

Zuliana

If you are happy more than sad, you are okay.
If you’re sad more than happy, you’re not okay.

Simple arithmetic lah my Uncle YKK...

2021-02-15 01:06

Mikecyc

Post removed.Why?

2021-02-15 07:12

Sslee

Haha Mikecyc good morning,
Our life is shaped by our mind; we become what we think. Joy follows a pure thought like a shadow that never leaves.

2021-02-15 07:32

Mikecyc

Post removed.Why?

2021-02-15 07:40

Jack Khan

Very deep!

2021-02-15 07:43

CCCL

If Supermax price cannot reach your TP, leave it there because TIME WIlL SOLVE IT SOONER OR LATER.

2021-02-15 09:20

kelvin61

The trouble with most people is that they are HIPPOCRATES. They say happiness is the ultimate. Well, we all know that. The trouble is the Geezer is still obsessed with making lots of money to the extent of quarreling with the WORLD to get his shares moving. I wonder why do the geezer need so much? I think it's nothing more than PURE GREED,. So, how can the geezer be happy?

2021-02-15 10:30

Pinky

Why don't you sell all Supermax and move back to JAKS Resources?

2021-02-15 12:00

nakata

Thanks for advice and guidance, Mr.Koon, Happy new year to you and your family!

2021-02-15 15:31

CHONG Kong Hui

IF superprofit over and Supermax is back to PAT level of RM100m/year, RM6.08 per share = PE of 165 (definitely expensive)
(Nosh of 2.721b shares)
(Market cap = RM16.5billion)

Of course many will argue RM100m/year is not a realistic number.
Say it is double of FY2019 level to RM200m/year, PE 82.5

Say due to this 2020-2021 superprofit and cash pile in hand, expansion and opportunity can drive profit double to RM400m/year, PE = 41.25 (still not cheap)

Say special dividend RM1.00 per share paid to shareholders in next few months, the forward PE (normalised profit of RM400m/year) still about 35.00 (RM6.08 less RM1.00)

2021-02-15 17:04

CHONG Kong Hui

Best quarter 2020Q4 (2nd Q in FY2021) net profit RM1.08b
How likely Supermax can maintain even 30% of this NP as normal quarter results ?
(which is about 10 times quarter profit in previous years)
https://klse.i3investor.com/servlets/stk/annqtyres/7106.jsp

2021-02-15 17:08

arv18

Win some, lose some. Sell and move on old man. This whingeing and whining is very unbecoming.

Oh, and karma is a b*tch.

2021-02-15 18:26

wehcant

‘You know there is no constancy in human affairs, when a single swift hour can often bring a man to nothing...If you are in possession of yourself you will possess something you would never wish to lose and something Fortune could never take away…. Happiness cannot consist in things governed by chance.’

~ Boethius (477 – 524 AD)

2021-02-15 19:39

Zuliana

Cakap banyak tak berguna lah.

Just tell us here... Uncle YKK... ARE YOU HAPPY???

2021-02-16 01:33

LossAversion

Thank you uncle KYY for this "happy piece of advice". I happen to be one of your followers. I still chose to be happy although Supermax, Harta, and Top Glove are dragging me.
But NOTHING is PERMANENT, whether happiness, sadness, sickness, anger, envy, love, etc. If we have a MINDSET of IMPERMANENCE, we can actually live life every day contented, not contended.

2021-02-16 08:52

Pinky

Supermax is saying hello to RM5++

2021-02-16 09:55

newbie8080

Bursa will uplift IDSS on 1/3.
Suggest you sell your Supermax and Topglove before it gets shorted as well.
Else, keep for the long term and average lower when opportunity arise.

2021-02-16 11:15

Green88

Covid19 cases getting less and less even KYY must deny?

2021-02-16 11:43

Maninoni

Like you said Uncle, how much money do you really need, and we can bring money to the grave. You can donate some of your wealth to the orphanage, Old folk home, or kitchen soup to get merit before leaving earth. I think your popularity is decreasing and you are giving free advertising to Supermax which investors had lost confidence in all the glove counters. How many Supermax did you buy I wonder??? It is time to move on to other stocks like Tech stocks and Biotech stocks or US stocks. this is an era of AI, 5/6G, Electric vehicle, selfless EV car Battery for EV, Space exploration, Biotech, renewable energy, and so on. Glove counters had lost their momentum period. Happy New Year and God Bless.

2021-02-16 15:47

moneycashrich

Uncle KYY, life is made out of choices- like you buy Supermax is a choice. Happiness is a choice. Giving money to help is choice. We can change our choices. If wrong, why not change. Not change is also a choice. Happy new year.

2021-02-16 17:58

Post a Comment