Allied to this theme is: don’t try to understand the whole world! (actually that was the original title, but I thought the low-hanging fruit thing sounds more professional) Actually in my view, investing is a very simple process compared to most other forms of work in the world. Not making money from investing, mind you, [...]

A friend joined a fund management firm recently and was amazed at how the analysts were expected to cover multiple geographical markets simultaneously, since the firm managed several Asia-Pacific funds. How was he supposed to do it, he wondered, since he previously was only familiar with the Singapore market. Indeed, was it even humanly possible [...]

Let’s review the various perspectives about the relationship between stock prices and “business fundamentals” as most people understand it. First, there is the advice given by the Sage of Omaha about Mr Market being manic-depressive and that the prices he/she/it quotes can have a disconnect with underlying fundamentals. Then there is the typical technician’s/efficient market [...]