Looking beyond self interest

It is a common behavior for most people to consider a matter only from their self interest. They are not aware that other people have interest that are different from their own interest. They seem to think that their interest is the only right perspective.

A good leader will be able to see the issue from the perspective of all the parties that are involved.

A broad minded people will be able to see the issue from the perspective of other people.

When an issue affects other people but not oneself, it is a common behavior for a person to be not interested in that issue. They do not care that the other people are affected unfairly.

For example, 34,000 people are affected by the Hyflux debacle. Some people are not affected because they were lucky. They were not approached to invest in the securities.

Some other people were not affected because they made the wise decision to avoid it.

But these savvy people expect other people to be just as savvy as they are, and to take the decision to avoid a bad investment. They may not realize that the other people may not be as savvy or as lucky.

Many people take the view that the affected investors were greedy to earn a higher interest rate. They make this unjustified judgment without taking the trouble to understand what had actually happened that caused Hyflux to collapse.

This is an indication that the unaffected people are only interested in their own self interest. They do not bother about any harm happending to other people.

If are to provide a better life for everyone, including ourselves, we need to take an interest in the common welfare, including the welfare of other people. This is called solidarity. In return, the other people will take an interest in looking after our own welfare.

 

Tan Kin Lian

 

 

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15 Responses to “Looking beyond self interest”

  • LIONS:

    There you go again,TKL.
    You are HYFLUX INVESTORS’ SPOKESMAN.
    There are many sgs who got *cheated* by other failing companies n oso *not their fault*???
    Why you only fight for this one?

    Hey,many sgs buy things from NTUC FAIRPRICE N OSO BUY INSURANCE FTOM NTUC INCOME WHEN YOU WERE WITH THEM.
    THESE SGS have had trouble getting their CLAIMS,what have you done for them?
    Many oso got no choice n can buy only from NTUC INCOME?

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  • we do what we can:

    is TKL refering to the ‘peoples upstairs’ or to all of us?
    in sg these days its best to mind one’s own business..
    sometimes you get bashed altho your intentions are good.
    so many scams, corruption cases,foreigners fighting with locals, road rage aplenty…all happening in broad daylight. whose fault is it? did we ask for our country to become like a 3rd world crammed up city?
    slowly becoming lawless as well.
    most of us ordinary folk just want to live our lives the best we can. yes we give to charity n help some unfortunate soul when we cross paths with one.
    other than that…????

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  • MarBowling:

    Quote by Tan KL “For example, 34,000 people are affected by the Hyflux debacle. Some people are not affected because they were lucky. They were not approached to invest in the securities.

    Some other people were not affected because they made the wise decision to avoid it.

    But these savvy people expect other people to be just as savvy as they are, and to take the decision to avoid a bad investment. They may not realize that the other people may not be as savvy or as lucky”

    Response:

    Apparently over the years, there were thousands MORE investors other than 34k who also have invested in HighFlux. And apparently they were CONSIDERED LUCKY by Tan KL because they had liquidated before SHTF!

    Think there were thousands and thousands of other folks plus the 34k plus those who liquidated earlier, BEEN APPROACHED by brokers, or enticed by Shits Business Times juicy news to invest in Highflux! However, NOT ALL who were approached or saw the juicy news, FELL for the TOXIC product! Instead, they showed the Toxic Product the Rude Extended Middle Finger! And these are “some other people NOT affected because they made the WISE decision to avoid it”

    Think Tan KL is telling us that “Savvy people” are folks who have bought shares be they penny stocks, blue chips or crooked chips and later ABLE SELL them of earning obscene profits! I tend to think that some of the 34k folks are also “SAVVY people”. It’s just that due to some factors or reasons, they DIDN’T liquidate ON TIME! Think Kuan Xi aka CONNECTION is very very IMPORTANT!

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  • Old Liao:

    When they invested and make money, did they “Quote” take an interest in the common welfare, including the welfare of other people “unquote” like making donation to others? Or how do these lots behave, many of them 70% within. Did they care for Singapore or themselves?

    TKL is going nowhere? Getting old?

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  • Adam Smith says:

    As soon as the land of any country has all become private property (government property), the landlords (Singapore Land Authority), like all other men, love to reap what they never sowed (our CPF savings etc.), as well as demand rent even for its natural produce … To feel much for others and little for ourselves; to restrain our selfishness and exercise our benevolent affections: that constitutes the perfection of human nature.

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  • I like lyCHEE, hate LOONGan:

    Mr Tan, has it ever occurred to you to ask the 34,000 Hyflux investors how many of them actually voted for the pap in the last GE? I bet the number is not small.

    Amongst those 34,000 investors, before they gave pap their votes, did they think for those sporeans who were being retrenched and replaced by FTs due to pap’s crazy open door policy on immigrants?

    The no. of sporeans who lost their rice bowls is definitely much higher than the 34,000 who lost in the Hyflux investment but did those Hyflux investors even know or ever cared before their own investments got into trouble?

    Actually the Hyflux investors proved you right, didn’t they? “This is an indication that the unaffected people are only interested in their own self interest. They do not bother about any harm happening to other people.”

    So, I hope you’ve told those Hyflux investors (who made up the 70% pap voters) whatever you’ve said here especially to look beyond their self interest, before you write this article to tell others.

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  • Perspective:

    Not everyone is familiar with every issue to be able to contribute meaningfully. Each person has his/her own passion and interest – some in social welfare, others in finances, labor and wages, law and justice, investment,education, etc. Everyone has his own special area and preference but they all contribute to the same end – to make things right and better.

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  • Hyflux:

    Old Liao:
    When they invested and make money, did they “Quote” take an interest in the common welfare, including the welfare of other people “unquote” like making donation to others? Or how do these lots behave, many of them 70% within. Did they care for Singapore or themselves?

    TKL is going nowhere? Getting old?

    Very well said, bro. Agree.

    When they made money, they did NOT take an interest in the common welfare. Because until they lost money there was no HLP protest about making money from Hyflux. Only when they lost money, then, the sounds similar as pap crap about common welfare surfaces.

    As everyone knows, when it is money making, nobody will tell you. Only when there is risk, then, and only then, will those in the know sell you the CHANCE to make money or to lose money.

    One more thing. Nobody held a gun on anyone’s head to INVEST in Hyflux. It is all free choice. Just like some freely voted for Dr Tan CB and some freely for Mr Tan JS during PE and even some, horror of horrors, pap jiak liao bee tony tan. Those who voted for Dr Tan CB or Mr Tan JS did not win. What happens? Like Hyflux case, move on, and wait for next chance to vote into New Government non pap Singaporeans to form New Government.

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  • I, Me & Mine:

    this is the law of nature…the more cramped or crowded one’s living space gets…there will be disorder; like what we are experiencing now in sg under this present inept gov..
    they only think of themselves.
    which other gov can u think of that tells the citizens to be hungrier to steal back jobs from the foreigners they brot in and gave those good jobs to?
    ordinary folk are getting more n more fed up and frustrated. life is hard.
    So,these days we only have time and energy to take care of ourself and our family.
    dun blame us, hor!
    this is survival….

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  • Live by sword, die by sword:

    TKL, with your past insurance salemanship skills, maybe this time you should consider selling “koyok”. Help these 34k investors to heal their wound.

    When I retired, I started to trade shares to try and make some money. I made quite a bit and I lost quite a bit. Sometimes we invest for high dividends. Sometimes we invest for future growth. Sometimes we trade in “penny shares” in the hope of making big but can also lose everything!

    You don’t buy shares hoping to be lucky. If you do that, its gambling and gamblers deserve what they get. In short, you live by the sword and die by the sword!

    No need to understand why Hyflux collapsed. When a company fails, in almost every instance it is due to inexperience and bad management. Understand?

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  • HarderTruths:

    You need to see a doctor at IMH immediately.

    Do not delay. Your condition my be contagious.

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  • never voted pap:

    Live by sword, die by sword:
    TKL, with your past insurance salemanship skills, maybe this time you should consider selling “koyok”. Help these 34k investors to heal their wound.

    When I retired, I started to trade shares to try and make some money. I made quite a bit and I lost quite a bit. Sometimes we invest for high dividends. Sometimes we invest for future growth. Sometimes we trade in “penny shares” in the hope of making big but can also lose everything!

    You don’t buy shares hoping to be lucky. If you do that, its gambling and gamblers deserve what they get. In short, you live by the sword and die by the sword!

    No need to understand why Hyflux collapsed. When a company fails, in almost every instance it is due to inexperience and bad management. Understand?

    very well said, bro.

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  • oxygen:

    @ Tan Kin Lian

    YOUR PERSISTENT DRIVEL on this Hyflux’s sorrowful saga LOST ME. I believe you came from an extended investment background (looking at your contributing efforts in that Lehman Bro bond saga in the social media), so I am surprised at the oddity of persistent irrationality (to me) in this comment contribution to TRE.

    Financial market is in finality of simplicity of brevity is GREED AND FEAR risks undertaking. Those long of financial market experience must know these fact and adage. Money is made in bull market (long) and bear market (short), yield hogs (looking for higher yield returns accepting or oblivious to bigger risks) always or more often than not, GOT SLAUGHTERED.

    So I agree with most of the comments in this thread contradictory to your stance, particularly the expose of @ perspective.

    Perspective: Not everyone is familiar with every issue to be able to contribute meaningfully. Each person has his/her own passion and interest – some in social welfare, others in finances, labor and wages, law and justice, investment,education, etc. Everyone has his own special area and preference but they all contribute to the same end – to make things right and better.

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  • NotMyProblem:

    There is a developer in a project in Joo Chiat under receivership now, are we going to do something about it too?

    It was anticipated that a lot of other developers would be going bust too, are we supposed to give them support?

    @Mr. Tan a lot these problem were created by themselves and partly by government policies. “A good leader will be able to see the issue from the perspective of all the parties that are involved.

    A broad minded people will be able to see the issue from the perspective of other people.”

    Unfortunately, we are the “other people”, we cannot help at all. No power.

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  • pap is clueless about value:

    NotMyProblem:
    There is a developer in a project in Joo Chiat under receivership now, are we going to do something about it too?

    It was anticipated that a lot of other developers would be going bust too, are we supposed to give them support?

    @Mr. Tan a lot these problem were created by themselves and partly by government policies. “A good leader will be able to see the issue from the perspective of all the parties that are involved.

    A broad minded people will be able to see the issue from the perspective of other people.”

    Unfortunately, we are the “other people”, we cannot help at all. No power.

    In our HDB block, there is this group of old men nothing better to do but talk hen and chicken everyday about Singapore economics.

    The one persistent topic is the jobless Singaporean driving Grab and such.

    Their conclusion is Singapore is not in good shape economically.

    BUT they are unable to understand how come 70% sheep with local U degrees continues to vote pap when their standard of living is ruined by pap importing millions of aliens FTs PRs who took away their PMET jobs.

    pap lies about aliens FTs PRs creating jobs for Singaporeans. IT is a lie.

    The aliens FTs PRs at the PMET level low ball their wages so much so the local born is unable to compete.

    pap IBs say if hungry sure can compete. ffff these Msia IBs, and now also the Cina IBs writing in Chinese. local born needs to earn reasonably to pay for their overpriced HDB rental unit. The aliens FTs PRs do not since they pack up and balek kampung as soon as the S$ they hold make economic sense for them to pack up and balek kampung.

    Worse, the local born males still need NSF, and also NSR whether with full time job or not.

    70% sheep truly stupid. THEY are harming themselves, and their next generation.

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