The Science of Wealth

The durable edge is not in trying to make a better prediction, it is in following a better process

In the short run, markets respond to headlines; in the long run, they track fundamentals

The biggest financial risk is that inflation would erode their purchasing power

Resist the urge to time markets around headlines; instead, be patient and stay invested in a diversified portfolio

The real value of balances in the Ordinary Account has struggled to keep pace with the rising cost of living

Whichever way they go, it still makes sense to diversify one’s portfolio, and to invest globally to dilute the currency effect

The financial world rewards noise, but true wealth rewards patience. Adopt quiet compounding – a life philosophy that frees your mental energy for other important pursuits

Instead of chasing the latest investment trend, focus on generating stable and less-volatile returns with a diversified portfolio that is appropriate for your risk appetite

We should actually anchor our expectations on the longer-term historical evidence