Critics of MM’s views share his assumptions

In Uncategorized on 06/10/2010 at 5:37 am

I suspect that many of those who are upset by MM Lee’s comments about Singaporeans becoming “less hard-driving and hard-striving” and comparing them unfavourably to Chinese immigrants e.g.

may not consciously realise that they share the same assumptions as he does — that it is a good thing to be “hard-driving and hard-striving”, hungry”, pushy parents etc.

They are upset because he thinks that Chinese immigrants to Singapore are better at these attributes than native Singaporeans. Their disagreement is not with the assumptions about hard work but about the view that the Chinese immigrants are more hard working than us.

What has this to do with this blog?

Investors must always be aware of the assumptions they are making. Don’t cut short the process by making decisions based on assumptions in the unconscioues mind. Think before you invest. You can lose money.

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