Implications of a market dominated by passive funds
THE effects of education take time to manifest themselves. When I was a kid, my parents kept their savings in the bank. Even after I came to Singapore for my tertiary education, and subsequently as a working young adult, I kept my savings in fixed deposits in OCBC Bank and Maybank.
Play by fair rules
HUMAN beings are unique in the animal kingdom, in that we are able to establish trust, cooperate and collaborate for mutual benefits.
The future is unknowable
A COLLEAGUE shared that after completing his studies in the UK, he worked there for a while, and then made a brief stop in Australia, before settling in Singapore.
The psychology of growth versus value investing
IN his first book Security Analysis published in 1934, Benjamin Graham proposed a clear definition of investment that was distinguished from what he deemed speculation. It read: "An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return....
Will value investing make a comeback?
DIFFERENT competing forces are constantly at play. Depending on which force has the upper hand, the world will move in that direction.
Even "Perfect" portfolios underperform nearly half the time
ASSUME it is now December 1988. You scan all the stocks listed in Asia and in the US. You want to pick 10 stocks from Asia and the US which will perform the best over the next 30 years. Which stocks would you have picked? Chances are you wouldn't be able to spot these stocks initially.
Curb the greed
GREED, hatred and delusion. These, according to Buddhist philosophy, are the three poisons that cause suffering in this world.
Countering randomness in the markets
AS in life, there is a certain degree of randomness in the stock market. That is why the experts' advice is to diversify, diversify, diversify....
Of timing and catching a 'Rising Star'
A fund manager had targeted September 2018 as the launch date for his new fund. But due to operational issues, the fund wasn't ready to be launched then. As it turned out, that was a blessing in disguise....
Will the world continue in the way we know it?
HUMAN beings differ from most other animals on this planet in that we are able to defer gratification and imagine a future. That's one of the factors that made us so successful as a species....
What's in a name?
LATE October, Global Invacom announced a reverse takeover deal, which, among other things, involves it buying into a Malaysian company and it issuing S$20 million in unsecured redeemable structured convertible notes at conversion prices of 10 to 20 per cent discount to the market price of its...
Stay invested when the going gets tough
ASIAN markets, which have been grinding lower after hitting a peak in January, took a turn for the worse this week. Given the many uncertainties today, it is understandable that some investors may be tempted to get out of the market and wait for calmer times to return.