[caption id="attachment_4909" align="alignright" width="150" caption="Photo by Robboguy"][/caption] Singapore’s Second Casino Integrated Resort Marina Bay Sands will be opening today at 3:18 P.M. following Resort World Singapore’s opening of the first casino in Singapore. Did you know that these two Integrated Resorts are not the first casinos in Singapore? We already have one of the biggest and the best Casinos over in Singapore and it is the Singapore Exchange (SGX). Why Stock Trading Can Be Gambling The thin line between investing and trading is so evident when I read the Channelnewsasia Market Talk forum. There are threads where forummers share their losses in stock market punts besides their gains. It is the stories of the losses that make you realise that the human drama unfolding. If you lose heavily, it is a tragedy happening in real life. Savings get wiped out. Families have to tighten their belts because the breadwinner has invested in stocks that are under-water and cannot hold. Perhaps they bought on margin using leverage. Perhaps they had some unexpected cash requirement that necessitated the sales of their shares at a loss. Whatever is the reason, I realise that no-one can beat the market all the time and that one needs to time his entry and exit in line with his lifestyle cash needs when he is investing in equities on the Singapoore Exchange. Investing requires patience, an ability to see the longer term but at the same time, an ability to buy when the market valuation of the share is fundamentally lesser than its “real” or “intrinsic” value. Value investing proponents believe in analysing and researching about the companies as well as the businesses they are in. But there is still an element of timing in that a fundamental investor such as Warren Buffet would buy when value is higher than the price that an asset can be bought. Read more...