Profitability and NOT Vanity Matters

``What feels good or is psychologically appealing is not necessarily profitable.” F.J. Chu

Just A little reminder. Our bullish stance has NOT in anyway been designed to SELL you stocks. If my main economic incentives had been the case, then I would have taken the “micro/corporate” fundamental analysis or “technical” analysis or “insider” route as channels to stoke our reader’s imagination or fire up their adrenalin.

Or I would have utilized my own “call center” version by conducting telephone campaigns instead of this lengthy episodes of writing (where personal phone calls has bigger probabilities for a close--spent nearly 15 years in the field of sales and marketing), or could have opted to work as a full time sell side analyst for a broker who would be willing to pay us enough to cover our basic needs or lastly consider the option to SELL this newsletter service to the public.

Unfortunately, I have deliberately not engaged in such activities as my intent is to specialize in this field of undertaking, which to my mind has vastly enormous potentials (remember bullish non-banking finance?).

Where our actions are a matter of choice, our bullish perspective emanates from our interpretation of market signals operating under our comprehension of the functional dynamics of the Philippine asset classes in relation to the global financial markets as contributing factors in determining absolute returns.

Bluntly said, our view stems from mainly the horizon of a trader-investor and NOT as your typical “sell side” analyst nor as a broker. Although candidly, I am a licensed agent in behalf of a broker, nevertheless, I am NOT paid to be bullish.

This means that divergences in our market outlooks or opinions should not be construed as conflict of interest on my behalf. As we have noted before, differences in economic outlooks, valuation appraisals, technical readings or market opinions or investing/economic/political philosophy pave way for exchanges in the marketplace and are natural and salutary elements of well functioning markets.

Our goal is NOT to be proven vaingloriously right but to be proven humbly PROFITABLE. ``For we are taking pains to do what is right, not only in the eyes of the Lord but also in the eyes of men.”-2 Corinthians 8:21