VALUE INSIGHT

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.

VALUE INSIGHT

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.

VALUE INSIGHT

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. 

VALUE INSIGHT

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....

VALUE INSIGHT

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.

VALUE INSIGHT

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.

VALUE INSIGHT

Curb the greed

GREED, hatred and delusion. These, according to Buddhist philosophy, are the three poisons that cause suffering in this world.

VALUE INSIGHT

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....

VALUE INSIGHT

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....

VALUE INSIGHT

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....

VALUE INSIGHT

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...

VALUE INSIGHT

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.