It was during these dark and bleak times that Oil Palms gave him solace. And to his surprice CPO prices shot up! And lifted him from his gloom and compensate his losses in his Used Car Business.
Thanks Calvin, I had read this story many years back when I started to have interest in Stocks. A good reminder for me(us) to be careful in our investment. Very kind of you to post this article again and Good Luck to you in your investment too.
Any advice, take it with a pinch of salt. After that crisis, the Hong Kong last Governor was in Bangkok and met a "Tycoon" selling at a road side stall. He told the Governor he was bankrupt and had to start all over again. A painful lesson but its the reality in life. That was why your story etched deep in me too. You have made a lot of contribution in I3. Ignore the noises. Just let them take it or leave it. Thanks again.
Posted by calvintaneng > Jan 25, 2022 7:27 AM | Report Abuse
King36
Very happy to know this article has helped you . It makes my day indeed
Palm oil survived during the Asian crisis due to China purchasing palm oil from us. This was revealed by a former Trade n Industry Minister in a speech during the Perak Timber Trade Association Dinner in 1999. I was at that dinner.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....