If you are new to investing, chances are that you would have received some form of advice to invest in blue chip stocks with high market capitalization. While there are definitely benefits in investing in big companies, the fact that a company is big does not automatically qualify it as a good investment.
In the US, Enron was valued at more than 60 billion USD before it collapsed. In the UK, Barings was not just a huge bank - it was also the 2nd oldest merchant bank, and that did not stop it from running itself to the ground. Closer to home in Singapore, Noble Group was a blue chip STI constituent stock till earlier this year, and well, as 'earlier this year' suggest, it certainly isn't now.
So what about the world's biggest IPO?
What is going on? Saudi Deputy crown prince Mohammed bin Salman announced plans in March to ...
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