Asian guru reveals value-investment secrets
Rising Above Financial Storms by Dr Tan Chong Koay Book rating : A
IN the annals of value investing, the gurus of world renown are Warren Buffett, Benjamin Graham (co-author of the 1934 tome, Security Analysis, and who taught Mr Buffett) and Peter Lynch who wrote the 1989 classic, One Up On Wall Street. Almost all found their investment ideas - from which they derived their investing philosophies - largely in the highly liquid US stock market.
But Asian equity markets are much more volatile, and follow rather than lead US and European trends. The inherent volatility and diverse investing environment has left few fund managers with performance records that have withstood the test of time. The few who defy the odds seem to follow the ancient Chinese adage that a good kung fu master does not teach everything to his students: he keeps some secret moves, just in case.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access