Archive

Jared Seah

Have you noticed great investors are superb writers too?

January 23, 2014 by Jared Seah
Test! Who is your favourite investing guru? How did you get to know this person? (Face to face, books, print media, You-tube videos, documentaries, TV, etc.) Do you quote the famous sayings of this guru? Whether it be newsletters, annual reports to shareholders, articles to print media, or books written, have you noticed these investing [...]
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3 bananas in the morning, 4 in the evening

January 22, 2014 by Jared Seah
I think most have heard of this story where a group of coconut picking monkeys were not satisfied with their “wages” of 3 bananas in the morning and 4 in the evening. So off they went to confront the farmer and demanded a raise. The farmer though deeply for a while and gave the monkeys [...]

in Categories: Investing

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Ultimate Risk Taking – Your Life

January 10, 2014 by Jared Seah
What’s the worst that can happen to our trading or investment account? What’s the worst consequence if we quit our job and embark on the path of a freelance existence? What’s the worst case scenario if we start a business and it fails miserably despite we putting vision, mission statement, and lots of goals into [...]
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Queenstown Hawkers – Alternative Financial Independence

January 6, 2014 by Jared Seah
When I was in my primary school in the 70s, I had the impression that hawkers work 7 days a week with no rest days one – especially those that I frequent in the coffee shop near my place. The only rest days are the 15 days during Chinese New Year. Now after returning 2 [...]
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Cultural Revolution and Benchmarking

December 31, 2013 by Jared Seah
Anyone remember the story of that taxi-driver who shared he earned $7,000 a month? Then it was discovered the $7,000 were his best months; not the average per month… Hold this thought. It never fails to tickle me pink when I read about self-professed long term “investors” are so enthused into comparing annual performance returns, [...]
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Covered Short

December 22, 2013 by Jared Seah
Have you tried shorting stocks? If you interested, do be aware that only amateurs will use SGX’s securities borrowing and lendiing programme (SBL). How I know? I was that “sotong” (dumb) amateur. If your portfolio is big as in landed class, and you want to borrow shares to short, ask your prime broker. The rates [...]
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How many more years do they have?

December 16, 2013 by Jared Seah
I came to know of a group of mainly retired teachers and ex-principals that gathers regularly at one of the food centres in Queenstown for coffee and chit-chat in the mornings. Every alternate month or so, there will be organised “excursions” up north to Hap Chai, or down south to Batam. Wink, wink. Yes, they [...]

in Categories: Investing

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Gurkhas, Riots, and Emergency Funds

December 11, 2013 by Jared Seah
Mt Vernon crematorium is the resting place for my maternal grandma. I visit her a few times a year; whenever I feel like saying hello. (I don’t wait for Ching Ming; I listen to my heart. Visiting her is not an obligation) This bond started way way back. I remember when grandma went back to [...]

in Categories: Insurance

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Mea Culpa (Yes, it’s the freaking Mind part again!)

November 24, 2013 by Jared Seah
Mea culpa is a Latin phrase that translates into English as “through my fault”. It is repeated three times in the prayer of confession at the Catholic Mass: mea culpa, mea culpa, mea maxima culpa — “through my fault, through my fault, through my most grievous fault”. No, it’s not me proselytising. It’s a nice phrase. The modern [...]
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Sunk Cost Fallacy (The Mind part of 3 Ms)

November 19, 2013 by Jared Seah
Of all the psychological mental blocks, this one is one of the hardest to undo even if we are fully aware of it. Sunk cost fallacy Have you ever been in a movie where after the first half-hour you realised the movie is crap. What do we do? We stay till the boring ending when [...]
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Risk Management – A little knowledge is more dangerous than no knowledge

October 31, 2013 by Jared Seah
A few years back, there was a posting in the papers by a person who was complaining that his mom was diagnosed with terminal stage cancer when she had gone for regular health screenings at a polyclinic for the past 20 years… There is a common misconception that if I passed a basic health screening [...]

in Categories: Investing

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Don’t say “we” when you meant “I”

October 28, 2013 by Jared Seah
Have you caught yourself saying “we” when you meant “I”? Why do we do so? I guess it’s a natural survival instinct to want to be part a school of fish or a herd of wildebeest. Maybe it’s part Asian cultural makeup where we put the group first before the individual, or perhaps at the [...]

in Categories: Investing

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Timing is everything!

October 23, 2013 by Jared Seah
As little children, we learn instinctively when to ask daddy and mommy to buy as toys. We don’t ask for a Sony Playstation when daddy came home bing bing bang bang cursing and swearing the sorry excuse of a boss he has… Nor do we ask mommy money for sweets when she had just lost [...]

in Categories: Investing

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Why we lose money in unit trusts

October 7, 2013 by Jared Seah
If you ask most retail “investors” on their experience with unit trusts, its quite interesting to find out that most are nursing losses. (We can also add in investment-linked-policies while we are at it) Isn’t it interesting that this is so when most major bourses are near their 5 year highs? What gives? Some emotional [...]

in Categories: Investing

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We need more short sellers to help build up our muscles?

September 4, 2013 by Jared Seah
You know what? After watching the short selling saga of both Olam and China Minzhong, I have a thought (I know, I shocked myself too!). Imagine if these 2 short-sellers had stress-tested our SGX stocks a few years earlier? Before the blow-up of the long string of questionable and fraudulent S-chips AND Singapore born and [...]

in Categories: Investing

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Value Trap and Margin of Safety

September 2, 2013 by Jared Seah
This “Margin of Safety” concept popularised by Benjamin Graham has hurt many “so called newbie value investors”. Not that the theory or concept is bad; it’s great! What could be wrong in buying something with an “intrinsic value” of $1 for 60 cents? And If I ask where did you get that “intrinsic value”? 99% [...]

in Categories: Investing

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Context and Perspective

August 29, 2013 by Jared Seah
Views and opinions are a dime a dozen these days. Especially when markets are euphoric or downright gloomy… Listening to the advice of others can be misleading and confusing if we don’t know the context and perspective of the speaker. Buy and hold; don’t sell at the high and buy back at lower prices. Makes [...]

in Categories: Investing

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Low probability of success; high demand

July 24, 2013 by Jared Seah
As a followup on my previous post: The Art of Goal Setting, the practical manifestation can be observed as follows: The more limited the places and the harder it is to get in, the more we desire to apply to that primary school, faculty, or university. If we can help it, we do our best [...]
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