Inequality. It’s not just happening within society, it’s also clearly evident in the markets.
While the US market surges on, almost every other market has been reeling in the past couple of months. US indices have doubled from a decade ago but Chinese, Hong Kong and even Singapore based indices have struggled to eke out any noticeable gains.
The big question is whether there would be some form of reversal to the mean or the gap would continue to widen for the next decade.
Alright, enough with the macro. I am quite pleased that organically, our portfolio remained flat for the month despite the weak market.
The portfolio value currently stands at $455,000 and the increase in value is largely due to a bumper dividend month in August and of course, capital injection from savings. Exposure to the US market through Berkshire B has helped to prop up our portfolio ...
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