JAKARTA - An investor in the stock market, Lo Kheng Hong applies the snowball principle in managing the profits he gets from investing in stocks.
Pak Lo, as he is familiarly called, claims that he is a simple person and lives a frugal life so that his expenses are minimal. According to him, the profits obtained will always be reinvested so that it is like a snowball that continues to grow.
"It keeps rolling like a snowball or snowball, every day it rolls down until it gets bigger", said the man who is referred to as Indonesia's Warren Buffet in his Hungry Stock upload on YouTube, quoted on Friday, August 13.
He further said that he only used a little of the money he had because he was used to living frugally and simply. Pak Lo said that until now he still doesn't know what to do with the money or investments he has now.
"I haven't thought about what would I do with that much money, it just flows like water", he said.
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He told me about Warren Buffet who just donated almost all of his wealth to Bill Gates' foundation. At that time, Warren Buffet made the grant after his wife died, plus he was over 80 years old.
Reflecting on the story, Pak Lo asked for prayers so that his wealth could benefit many people like Warren Buffet.
"I hope my life keeps full of generosity so I can share my wealth with people who can't afford it", he said.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
