Subject: What a Day!!!
From Mediator
PostID 316643 On Saturday, February 21, 2004 (EST) at 5:02:44 AM
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Thank goodness the war is over. I am pleased to report that there is no fatal or serious casualties, only a handful of self-inflicted wounds. I hope all the warriors have a good night's rest.
Today, I happened to look at the history record of my EDIG portfolio and discovered that in my former post entitled SHAREHOLDERS MEETINGS, I had misstated the year of my initial purchase as 1999. Actually, I placed my purchase order in January 1998, against my stock broker's advice--that 'penny stocks' were too risky. I said that I would take full responsibility of the investment and recommeded for her to take a look at the company's product--a stamp-sized tape recorder. My common sense overcame the risk issue because I could clearly envision the future innovations and developments of that tiny item, by the company's engineers.
To date, 6 years has passed by, with many 'potential deals' come and go in the interim, creating many a roller-coaster-rides of excitements and disappointments, to say the least. In February 2004, e.Digital has not only more products in the consumers' market, but also earned certain degree of name recognition (FF said that they did not have to make cold calls any more--potential clients called them). This little company has come a long way and the shareholders should be proud of the management's enduring accomplishment.
In one of the responses to my SHAREHOLDERS MEETINGS post, some one wrote 'the Tao of investing' and it made sense. The word 'tao/dao' means Nature's Principle (let it run its eternal cyclical course). The main emphasis of the Dao philosophy is 'wu-wei', literally meaning 'non-action'. During the Spring-Autumn Period (770-476 BC) of the Chinese history, the land of China was divided and occupied by many feudal lords/states and wars were fought constantly amongst the lords. Watching how the ordinary people suffer, the author of Dao-Dejing advocated that whenever situations-kingdoms-whatever was placed in order, the kings/leaders ought not to take UNNECESSARY ACTIONS (wu-wei) to disturb the kingdom's balance and harmony. A loving leader ought not to over regulate, over tax or over punish his subjects, but rather, ought to leave his subjects alone, let them lead their own lives, do what they were best at--so that the common people could enjoy peace and life, and the kingdom could prosper and last.
Let's look at our situation here. Undeniably, e.Digital is a corporation set in order and motion. We, the stockholders are the 'king' because we are collectively the owner of e.Digital and the management is our 'kingdom'. If we want to see our 'kingdom' propser, we should apply wu-wei and let the kingdom rise to longevity. If we keep on disturbing (pressing unnecessary actions on to)the management's daily operation, according to Daoism, the company would not succumb. Here is your choice, Shareholders, what do you want?
I admit that I only have a very superficial understanding of Daism. For those who are interested in learning more, you can get the full text online by typing in Dao Dejing on the browser. The text is not long, containing only about 5,000 Chinese word counts (more in English).
