Author: Eight percent per annum

Happy CNY 2019! Huat Ah! Bcos We Are Singaporeans!

Is it because I’m Chinese? No, sweetie, we are Singaporeans :) The Year of the Dog is coming to an end. Tomorrow, we usher in the Earth Pig. Yes, while the media always reports that this year is the Year of the Golden Animal, it seldom is. The last real Gold animal was in 2011 – called Gojek, the Golden Jackass. Just kidding, it’s the Golden Rabbit and before that the Golden Tiger in 2010.  The next one is in 2020 – the Golden Rat. As there are five elements (Earth, Fire, Water, Wood and Gold) and each element gets...

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Thoughts #12: Is the World a Better Place?

WSJ published an interesting article titled “The World is Getting Quietly, Relentlessly Better” sometime back arguing that the number of people living under extreme poverty conditions had decreased. The global middle income group is now nearly 50% and many diseases not longer posed threats to lives. On many counts that is true, but living in Singapore we tend to feel that life didn’t get better, don’t we? Maybe we started out in Middle Class (defined as earning $10-100 per day) and not enough of us are in the rich. But even if we are in the rich, we not...

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Goodbye 2018! Hello 2019!

Yesterdat was the first trading day of calendar 2019 and we witnessed how the markets “lao sai” (had a diarrhoea) all the way on its first trading day (slightly better today though). It is believed that the first trading day of the year determines the direction for the year. So if that’s the case, we can only go south in 2019… Of course, all these old traders’ tales aren’t necessarily all true as with most things that concern the markets. The markets are forever unpredictable and no rules of thumb or any other finger ever works. It’s different every...

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Top Five Myths about Investing Busted!

We had discussed a lot about investing myths in the past and here’s a post to really bust them once and for all. 1. Investing can make you filthy richI think this notion deserves a lot more analysis and the way I would think of it is to look at the top 10 or even the top 100 richest people in world, in each region and also in Singapore. Investors seldom get featured on these lists. The most famous rich investor remains to be Warren Buffett. In Asia, there is no equivalent. Most of the richest Asians are either...

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Top Five Myths about Investing Busted!

We had discussed a lot about investing myths in the past and here’s a post to really bust them once and for all. 1. Investing can make you filthy richI think this notion deserves a lot more analysis and the way I would think of it is to look at the top 10 or even the top 100 richest people in world, in each region and also in Singapore. Investors seldom get featured on these lists. The most famous rich investor remains to be Warren Buffett. In Asia, there is no equivalent. Most of the richest Asians are either...

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Charts #17: Billion Dollar Club

Found this recently on WSJ. Most interesting.The global QE created this. Hundreds of billions of dollars in valuations of companies with no earnings. Surely it would have been unthinkable for Ben Graham. The father of value investing only bought stocks trading below its book value. His most famous strategy was buying net-nets: companies with market caps that were less than the company’s current assets minus its total...

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Charts #17: Billion Dollar Club

Found this recently on WSJ. Most interesting.The global QE created this. Hundreds of billions of dollars in valuations of companies with no earnings. Surely it would have been unthinkable for Ben Graham. The father of value investing only bought stocks trading below its book value. His most famous strategy was buying net-nets: companies with market caps that were less than the company’s current assets minus its total...

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Book Lessons #4: Best Books Ever

I went through my readings and decided to write down the list of best non-fiction books I had ever read. It spans across genre and is listed here in no particular order.1. Guns Germs and Steel by Jared Diamonds2. Sapiens by Yuval Harari3. The Snowball by Alice Schroeder4. The Selfish Gene by Richard Dawkins5. Fortune’s Formula by William Poundstone6. Liar’s Poker by Michael Lewis7. When Genius Failed by Roger Lowenstein8. The Most Important Thing by Howard Marks9. Freakonomics by Steven Levitt and Stephen Dubner10. The Enzyme Factor by Hiromi Shinya Remember all the book reviews we had to write in...

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Book Lessons #4: Best Books Ever

I went through my readings and decided to write down the list of best non-fiction books I had ever read. It spans across genre and is listed here in no particular order. 1. Guns Germs and Steel by Jared Diamonds2. Sapiens by Yuval Harari3. The Snowball by Alice Schroeder4. The Selfish Gene by Richard Dawkins5. Fortune’s Formula by William Poundstone6. Liar’s Poker by Michael Lewis7. When Genius Failed by Roger Lowenstein8. The Most Important Thing by Howard Marks9. Freakonomics by Steven Levitt and Stephen Dubner10. The Enzyme Factor by Hiromi ShinyaRemember all the book reviews we had to write in...

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Minimum Wage vs U.B.I.

This was a planned post for the last General Election in Singapore where some debate surrounding minimum wages sparked my interest. It was stated that 90% of all countries have minimum wages and why is Singapore not in that group. Five years on, the world has progressed and today we are talking about U.B.I. or universal basic income and not minimum wages. So like our beloved SAF still conducting training based on WWII tactics, our economic argument on minimum wages had fallen way behind. Economic health is of vital importance to Singapore. We were very fortunate to survive as...

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Minimum Wage vs U.B.I.

This was a planned post for the last General Election in Singapore where some debate surrounding minimum wages sparked my interest. It was stated that 90% of all countries have minimum wages and why is Singapore not in that group. Five years on, the world has progressed and today we are talking about U.B.I. or universal basic income and not minimum wages. So like our beloved SAF still conducting training based on WWII tactics, our economic argument on minimum wages had fallen way behind. We were very fortunate to have survived as a nation state. Looking back, this was...

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Chart #16: Millennials

This is a recent chart from WSJ which shows that millennials while carefree and internet savvy faces some difficult problems vs the older generations. They have more student debt and would likely earn less than their parents. This is a reflection of the higher cost of education as well as pay stagnation. As most types of work get commoditized, we see that only 50% of millennials will get the creative work and get to make more money than their parents. This ratio would continue to go down… “The best investment you can make is an investment in yourself. The...

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Chart #16: Millennials

This is a recent chart from WSJ which shows that millennials while carefree and internet savvy faces some difficult problems vs the older generations. They have more student debt and would likely earn less than their parents. This is a reflection of the higher cost of education as well as pay stagnation. As most types of work get commoditized, we see that only 50% of millennials will get the creative work and get to make more money than their parents. This ratio would continue to go...

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