I read the Straits Times with admiration and envy how some young Singaporeans were quitting their well-paid corporate jobs to join internet start-ups. Similar stories were repeated in the next weeks. You can feel the buzz in the air!
Six months later, the Nasdaq dot-com bubble crashed together with the blue-eyes dreams of many… That was year 2000.
I’ve never liked crowds.
I prefer watching movies in half-empty cinemas. I definitely would not queue for hours for that “popular” brand of bak-kua or wait 20 minutes for that “famous” hawker food.
I just make do with the next best alternative. Most of the time, I can’t taste the difference anyway.
When I make my core equities acquisitions, I prefer to do it when crickets are chirping.
Often when I find a company I like, I would do a quick scan to see if any sell-side analysts have issued “buy” recommendations on it recently; are there bloggers “plugging” this stock; and if there are numerous “glowing” posts on the company in equities forums by many different members.
If I do, I’ll kick myself for being late into the game… I’ll pass on this stock and look elsewhere for the next best alternative.
Now I noticed in the papers and on various business media, most talking heads are plugging a particular investing style. It’s getting to be a bit like 2000 all over again.
My pattern recognition brain is telling me it’s time to…
Singapore Man of Leisure (welcome to my blog; just google it!)
