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7 Lessons from Self-made Billionaire Peter Lim

Jah_rastafar_I

Alfrescian (Inf)
Asset
<header id="post-heading">Krafty i can do it perfectly fine how come you can fuck it up?




7 Lessons from Self-made Billionaire Peter Lim



</header>
peter-lim-wall-street.jpg


1
inShare​

7 Lessons from self-made billionaire Peter Lim

If you think high paying and top-level positions are acquired to those who are “privileged”, then you are completely wrong. Peter Lim “Remisier’s King” is a self-made billionaire who went from rags to riches.
Therefore I provide you 7 Lessons taken from the life of self-made billionaire Peter Lim to prove that you can do it too.

There are no excuses

Peter Lim grew up in one of Singapore’s oldest public housing states, sharing a 2-bedroom government apartment with 11 people.
He never made an excuse to work hard despite his economic conditions, neither should you find excuses everyday because you didn’t catch a sleep, nor because you don’t have the money to start doing something valuable.
Never Give Up

Peter Lim found it hard to get into a respectable University because of his economic background, being the son of a fishmonger he kept trying until he found success. Lim then finished his education at the University of Western Australia where he received his degree in Accounting and Finance.
Find your means

To be able to fund his studies Peter Lim had to take a number of part time jobs, which included being a waiter, cook, and a taxi driver.
If the bigger picture is worth sacrificing your leisure time, then is worth doing. Find whatever it takes to accomplish your goals in life, even if it involves working three part-time jobs.
You may like: 7 Business Lessons from Mr. Gordon Gekko
There is always something valuable to learn

It wasn’t until Peter Lim worked as a cook in a fast food chain called “Red Rooster” that he learned how business really worked. Lim observed how the business operated and expanded, he then utilize this knowledge to create huge gains in his business career.
Be sure to observe your surroundings even if you work at McDonalds there is always a valuable lesson to learn to implement in your business life.
Don’t be afraid to quit

After Lim graduated he started working as an accountant, which only lasted three months. He then moved into tax consultancy before he realized none of that was really satisfying his inner ambition, it was also something he always wanted to be since he was 18. Leaving everything behind Lim became a stockbroker in which he immediately obtained a name for himself “King of the Remisiers”. Remisiers is a term used in Singapore given to stockbrokers who only get paid in commissions.
What we can learn from Lim is to always follow your dreams, because you will never be happy if you stay in the place where you find comfortable. Don’t be afraid to quit and to challenge yourself if you think your current job is not for you.
Stick to your gut, and be patient

Lim invests in the long-term after doing incredible amounts of research, he then sticks to his data and doesn’t let the daily market fluctuations to influence his decisions in a short-term basis. Lim is known for turning $10 million dollars of stock in the earlies 90’s in a company called Wilmar International into $700 million. “When you are holding stocks, if it goes up, don’t be too happy; when it goes down, don’t be too sad. Otherwise, how? Your life will also be fluctuating and you’ll die of a heart attack. If you really lose sleep over it, maybe the best way is to keep the money in the bank.”
You may Like: Warren Buffet’s Investment Joke
Reward your team

After making his first big profits in the stock market as a trader Peter Lim decided to reward his team buying a BMW and 3 Lexus for the top performers in his team, demonstrated the gratitude towards them for helping him succeed.
Remember to always reward those who helped you get to the place you are right now. There is nothing more special than saying thank you to those who earned it. It will make you increase those relationships with them and will increase their loyalty to you.
 

krafty

Alfrescian (Inf)
Asset
i let the script roll on and can't edit later...:o

<header id="post-heading">Krafty i can do it perfectly fine how come you can fuck it up?




7 Lessons from Self-made Billionaire Peter Lim



</header>
peter-lim-wall-street.jpg


1
inShare​

7 Lessons from self-made billionaire Peter Lim

If you think high paying and top-level positions are acquired to those who are “privileged”, then you are completely wrong. Peter Lim “Remisier’s King” is a self-made billionaire who went from rags to riches.
Therefore I provide you 7 Lessons taken from the life of self-made billionaire Peter Lim to prove that you can do it too.

There are no excuses

Peter Lim grew up in one of Singapore’s oldest public housing states, sharing a 2-bedroom government apartment with 11 people.
He never made an excuse to work hard despite his economic conditions, neither should you find excuses everyday because you didn’t catch a sleep, nor because you don’t have the money to start doing something valuable.
Never Give Up

Peter Lim found it hard to get into a respectable University because of his economic background, being the son of a fishmonger he kept trying until he found success. Lim then finished his education at the University of Western Australia where he received his degree in Accounting and Finance.
Find your means

To be able to fund his studies Peter Lim had to take a number of part time jobs, which included being a waiter, cook, and a taxi driver.
If the bigger picture is worth sacrificing your leisure time, then is worth doing. Find whatever it takes to accomplish your goals in life, even if it involves working three part-time jobs.
You may like: 7 Business Lessons from Mr. Gordon Gekko
There is always something valuable to learn

It wasn’t until Peter Lim worked as a cook in a fast food chain called “Red Rooster” that he learned how business really worked. Lim observed how the business operated and expanded, he then utilize this knowledge to create huge gains in his business career.
Be sure to observe your surroundings even if you work at McDonalds there is always a valuable lesson to learn to implement in your business life.
Don’t be afraid to quit

After Lim graduated he started working as an accountant, which only lasted three months. He then moved into tax consultancy before he realized none of that was really satisfying his inner ambition, it was also something he always wanted to be since he was 18. Leaving everything behind Lim became a stockbroker in which he immediately obtained a name for himself “King of the Remisiers”. Remisiers is a term used in Singapore given to stockbrokers who only get paid in commissions.
What we can learn from Lim is to always follow your dreams, because you will never be happy if you stay in the place where you find comfortable. Don’t be afraid to quit and to challenge yourself if you think your current job is not for you.
Stick to your gut, and be patient

Lim invests in the long-term after doing incredible amounts of research, he then sticks to his data and doesn’t let the daily market fluctuations to influence his decisions in a short-term basis. Lim is known for turning $10 million dollars of stock in the earlies 90’s in a company called Wilmar International into $700 million. “When you are holding stocks, if it goes up, don’t be too happy; when it goes down, don’t be too sad. Otherwise, how? Your life will also be fluctuating and you’ll die of a heart attack. If you really lose sleep over it, maybe the best way is to keep the money in the bank.”
You may Like: Warren Buffet’s Investment Joke
Reward your team

After making his first big profits in the stock market as a trader Peter Lim decided to reward his team buying a BMW and 3 Lexus for the top performers in his team, demonstrated the gratitude towards them for helping him succeed.
Remember to always reward those who helped you get to the place you are right now. There is nothing more special than saying thank you to those who earned it. It will make you increase those relationships with them and will increase their loyalty to you.
 

Jah_rastafar_I

Alfrescian (Inf)
Asset
i let the script roll on and can't edit later...:o

You don't know there's something called the preview button? Even so when you post you have a few minutes to edit it before the edited msg shows up but to actually not even have the option to edit your post means you posted it and left it there for a number of hours. You mean you just posted it saw it looked unreadable and just left it like that?
 

krafty

Alfrescian (Inf)
Asset
yala...yala...next time, i preview,ok... i thought i have done it correctly, and you are smarter than me,ok...happy...:kma:

You don't know there's something called the preview button? Even so when you post you have a few minutes to edit it before the edited msg shows up but to actually not even have the option to edit your post means you posted it and left it there for a number of hours. You mean you just posted it saw it looked unreadable and just left it like that?
 

Froggy

Alfrescian (InfP) + Mod
Moderator
Generous Asset
You don't know there's something called the preview button? Even so when you post you have a few minutes to edit it before the edited msg shows up but to actually not even have the option to edit your post means you posted it and left it there for a number of hours. You mean you just posted it saw it looked unreadable and just left it like that?

There's a preview button? Ok will take note.
 

Seee3

Alfrescian (Inf)
Asset
He is not telling all. The greatest reason for his success is his ability to spot talents and win them over at young age. In uk, he was dining and wining with young smart undergraduates (local kids) who have already made a killing in stock before entering uni. How he gets to know them and nurture them, he is not telling. These kids are so good but interestingly they are never the scholars.
 

krafty

Alfrescian (Inf)
Asset
frankly, there won't be anymore peter lim, his time is all telephony and fax. nowadays, it's all computerised and internet connectivity, anybody who claim that he is a guru ought to be put down by the vet, especially, those who are making money out of you from giving talks.:rolleyes:
 
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War Criminal

Alfrescian
Loyal
Eh many people say this guy just got into the Sultan of Brunei's good books and became his remiser.

Then he started front-running all of the sultan's orders and got rich. Any person with insider info also can do that. Ill gotten gains..
 

numero uno

Alfrescian
Loyal
He is not telling all. The greatest reason for his success is his ability to spot talents and win them over at young age. In uk, he was dining and wining with young smart undergraduates (local kids) who have already made a killing in stock before entering uni. How he gets to know them and nurture them, he is not telling. These kids are so good but interestingly they are never the scholars.

agreed. usually all these advice sound simple and is not the whole picture which is not rosy at all. heard alot of unsavoury things like manipulation of stocks. raffles town club saga is just a indicator of the level these people would go to and it is not a rosy picture .. compared to all these "feel good" stories which are crap. alot of sensitive dettails I know . sultan of brunei remisier is only the a small part. heard the malaysian bigwigs are his clients
 

hofmann

Alfrescian
Loyal
how come there's so little information on his marriage to his 1st wife? what's the story with Venus Teo Geok Fong? its as if all links to his 1st marriage have been erased from the net.
 
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