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INTRODUCTION

 

Everyone who has their opinions put before the public on a regular basis, at some point begins to think of their words as pearls of wisdom coming from a guru. Of course, the guru has to be sitting high on the mountain far above the lives of ordinary folks so he can think those great thoughts.

 

In reality, none of us, especially me, is a guru. I too am only a blind man trying to figure out and make sense of what that big thing called an elephant is, or in my world, the financial markets and global economies.

 

Just when you think you have it all figured out, something new and different comes along that forces you to reexamine and rethink things all over again.

 

The best that I can possibly do is to look at a topic that interests me and present that issue in a way that might be of interest to you. My objective is to clearly explain something that I might know about so that the reader might think about it a little differently.

 

This book is a part of my journey of several years during which we all have been a witness to and part of the most fundamental and significant global economic changes in nearly 100 years. Part of the story is about the Philippines and the way the country has changed for the better. Part of the book is about how the world has changed for the worse. And part of these writings is about some of the things that I have learned over the years about the stock market.

 

Thank you for taking this little trip with me. I promise you will not be bored.

Book Description

FOREWORD

By: James Aron Mangun

   

As a inquisitive child, I would frequently ask my father many questions about many things,  from the simplest and sometimes mundane to the most complicated topics such as religion, politics and economics. Even while I was growing up, we still continued having these conversation. I would always seek his opinion, advice and knowledge on subjects important to me.

 

As I became an adult, our opinions on different topics eventually diverged and this led to disagreements and occasional intense exchanges, with both of us trying to justify our ideas and conclusions.

 

But despite this, I still seek his advice and knowledge. The main reason why I look to his knowledge and get my father’s advice is because even as a child, I always saw him as some great sage or teacher who I could always consult for knowledge and advice. Just like an old guru or village priest whom people consulted for wisdom, advice and answers, for me he is someone I can run to whenever I wanted to quench my thirst for knowledge.

 

Perhaps the same can be said of his avid readers and followers who read his columns eager to hear his opinion and advice on topics from the Philippine economy to the stock market even if they don’t necessarily agree with all of them People still read his thoughts and seek his advice and expertise, particularly about the t stock market and the global financial situation.

 

My Biography

John Mangun’s interest in the stock market first began when he was in his early teens, following the stock price movements of major companies in the daily newspaper long before the computer.

 
In 1976, he earned his license as a stock broker on the New York Stock Exchange as well as being licensed and registered for the Options and Commodity Exchanges.
 
After working for two major Wall Street firms, he went to England as head of foreign exchange trading for a British asset management company. Upon returning to the United States, he formed his own investment advisory company administering to the needs of corporations and high-net worth individuals.
 
Since 1989, he has actively analyzed and traded the Philippine Stock Exchange, making his first stock purchase (and losing trade) buying shares of San Miguel Corporation on Friday, November 24th, one week before the 1989 coup attempt.
 
John has been a regular Philippine newspaper columnist, writing about the Philippine economy, business, and stock market since 1996. He started writing for the Philippine Daily Inquirer and is currently writing for BusinessMirror, the country’s leading business newspaper. 
 
In 2008, he started providing stock trading advice and recommendations to subscribers of his PSE Strategy Guide through his website MangunOnMarkets.com