Ted Sturgeon was a sci-fi author who claims that "90% of everything is crap" and this chapter proposes that the same applies for the stock market.
This is useful when you decide what kind of media to indulge in. 90% of all fiction is crap. 90% of all Netflix shows are crap. In a moment of self-reflection, perhaps 90% of investment training is crap so I need to constantly improve my training slides.
While preparing stock screens for this weekend's class to demonstrate this concept, I wanted to see how many stocks fall into this category in SGX :
a) Cannot be a ADR, GDR, China Stock or a REIT.
b) Cannot have a market capitalisation below $50M.
c) Must have revenue above 150% of the average of the remaining counters after step (b).
d) Must have an operating cash flow above the average of the remaining counters ...