終身成就獎

早前獲知香港大學投資學會給止凡頒了一個獎，是2015年度投資書籍，當我得知這個獎項每年只有一個，已令我嚇一跳，再看看他們傳來的過往得獎名單時，更令我傻了眼，因為過往獲獎著作包括以下名單：

2014年林少陽的《催化劑投資法》
2012年黃元山的《金融黑洞》
2011年王澤基的《反轉腦袋投資學》
2009年陸東《智者傲行》 2008年羅家聰《勢事循環》 2007年曹仁超《論勢》 2006年東尼《富足一生》 2005年林森池《證券分析》
喜歡籃球的我，以前在Jordan復出的年代常看NBA。記得當年Karl Malone每季都拿很高的平均得分，但就是不能讓球隊拿下總冠軍。NBA有個不明文的規定，就是每年的最有價值球員都會來自總冠軍的球隊。就是那一季，Malone在沒有拿到總冠軍的情況下拿下最有價值球員，球評家都指這獎對他是意義重大，可謂終身成就獎。以著作《財商有價》拿到香港大學投資學會這個獎項，我也有這個感覺。
除了拿這個獎，我還被邀請於星期二（16/2/2016）晚上到場替他們的新一任莊員就職典禮致詞，10分鐘演說，我答應了，因為這是一生難求的機會，相信難有下一次吧。

到現場與該學會的創辦人Rex交談，他早於12年前創辦該學會，今年就是第十二任。原來他於2015年1月有參與巴黎兄與小弟搞的工作坊，還記得當天他已經走上前與我交談，指希望我可以替該學會讀物寫一些文章，我答應了。後來久久未見消息，我也把這事情忘記了。誰知一年多過後，他們竟然給我這個獎。

從學會創辦人得知，這個獎的篩選條件很嚴格，主要是選作者理念，所以不會有得獎著作是重覆作者的。要符合他們的理念，要選好書近年越來越難了。他覺得我近年連環出的三本著作，對他們學會的會員是極好的。他坦然2014年林少陽的《催化劑投資法》與2013年王華的《對沖拆解王》，對一些專業投資人及操盤者來說是超正的，但其實對莘莘學子來說，實在有點艱深，甚至「離地」。而我的著作就是填補這方面的不足，非常適合年青人讀。

與學會創辦人討論後，覺得這組織理念很好，他指今天選了12本著作，其實是12位有好的投資理財理念的作者，他們平均每人出了三兩本書，就已經點出了30多本好著作供他們的會員閱讀，這對年青的會員是非常好的。

另外，令我難忘的是受到貴賓式接待，有專人由大學外把我與出版社的代表接送至會場內，進場前我們被安排到貴賓室處閒聊，待學會學員都座好後我們才進場，而進場時更是全場學員起立來歡迎我們，及後再看畢整個就職典禮的莊嚴，我能參與其中實在令我萬分感動。

以下是小弟的演詞全文，貼出來留個紀念吧。

Thank you very much. It is my great honor to have this award from the Investment Society, HKUSU.
Let me introduce myself. I'm '止凡', the author of the book '財商有價'. This is the 3rd finance book that I've written. All of them are published by Enlighten & Fish '亮光文化'. Maybe most of you have no idea who I am. Actually, I graduated from HKU, and started by career in Engineering field. In my leisure time, I share articles in the internet. We are called 'blogger'. Writing the blog, many things could be shared, like life, hobbies, experiences, etc. I used to share the financial related stuff in the blog. From time to time, more and more people are interested to read my articles. Nowadays, the accumulated click rates are over 3 millions. As such, it would be good to well organize my ideas and publish books for the readers.

Nowadays, most of the media, papers, experts will talk about a kind of language in investment. Most of you may be familiarized, like forecasting, market emotions, hot sectors, formula, etc. As I said, I'm just a typical employee in the society, and I'm not well trained in the financial or investment field. I could even have difficulties to understand those technical analysis stuff. In a very early stage, I recognized that those technical stuff are not my cup of tea. As such, I spent most of my leisure time in reading another kind of stuff, value investment. Warren Buffett, Peter Lynch, Charlie Munger, John Bogle, Tony Measor, so many great people and great principles in this area. The most important thing is that it seems make sense to me.
There are two main reasons why I like value investment. Firstly, as I said, it makes sense to me. For example, some thing with a value of 100 dollar. It is more reasonable to buy it with a price below 100 dollar or sell it above 100 dollar, right? However, the technical analysis people will look at the market emotion or momentum, then suggest a stop loss. i.e. advise you to buy it at 100 dollar, and sell it at 95 dollar if its price continue to drop after you bought. I'm confused. If I will spend 100 dollar to buy a thing, how come I will sell the same thing with 95 dollar but not buy more?

Secondly, it results in my observations over the rich people. When I'm still a student like you, there are so many mathematics homeworks to do. To solve the math, we could derive from the question directly to the answer. But sometimes, there are some tricks for doing the homeworks, i.e. to work out some steps backward from the answer. Of course, provided that, you know the answer in the first place. When facing the technical analysis, forecasting techniques, etc, I do not even capable to understand them. In such a way, how could I prove them wrong? It is so lucky that there are so many successful people in the world, from past to present. They have demonstrated their success and you could find their story everywhere, like books, internet, interviews, etc.
So, what is the conclusion of my observations over the rich people? Most of the rich people come from great business, value investment, long term holding ONE stock. You may easily find out similar story of the people come from 'Forbes rich list'. However, it is rarely to have someone adopting the technical analysis stuff or the like could jump in the 'Forbes rich list'. I'm not saying that the technical analysis stuff could not be a tool to make you rich. But bear in mind, buying lotteries could also make you rich for some occasions. All depends on probability.
As most of you will start your career soon, I suggest you to start planning your investment. People use to ask me, 'what is investment?'. For return? For getting rich? For protecting your money from inflation? My answer is always strict forward. Investment is a plan. Everybody should have a plan. The plan is a plan at the beginning and could be changed from time to time. The most important thing is where the plan could bring you to and how you execute your plan?

The very basic target for a good plan is financial freedom. Financial freedom is a status that you do not NEED a job to sustain your life. Under this circumstances, you may have enough passive incomes from stocks dividends, or rents from real estate, or dividends from business, etc, which could cover your expenses. In theory, you do not NEED a job. But, you could still have a job, and enjoy it.
Financial freedom is a good status. It would be good for you to start some planning, like calculate your expenses, understand the relationship of asset and liability, count the cash flow coming from different type of assets, estimate no. of years in order to achieve the target, etc. Your financial knowledge will be more and more advanced. Your plan will be executed and improved from time to time. Trust me, with a good plan in hand, you will sooner or later see the great differences when compare with the others without any plan. They will follow the media, papers, experts all the time, and you won't. Bear in mind, the success are always NOT with the large group of people. If you are on the road to success, you will be feeling lonely.

A good way to face the loneliness. Try to have a blog and share articles. Many people will become your friends.
Last but not least, remember to visit my blog. Just search '止凡' over google and you will find it. I will be glad to see your messages.
Thank you very much.