I have always wanted to write something about investing incorporating some well known statistics which I think every investor should know. Only then we can appreciate how the value philosophy will help us win this complicated game. Well, though first we have to define what the definition of winning is:
Winning, in my opinion, is to generate a long term annual return that is higher than the market return. The market is usually defined by an index like the Straits Times Index or the Hang Seng Index. Needless to say, the most famous of them all is the US S&P500 which has generated a 8-10% return per annum since like 1900. Yes, since more than a hundred years ago.
It would be a feat to actually beat this tall order (of 8%pa or 10%pa for that matter) over a long timeframe like 20 to 30 years. Warren Buffett who managed ...
Winning, in my opinion, is to generate a long term annual return that is higher than the market return. The market is usually defined by an index like the Straits Times Index or the Hang Seng Index. Needless to say, the most famous of them all is the US S&P500 which has generated a 8-10% return per annum since like 1900. Yes, since more than a hundred years ago.
It would be a feat to actually beat this tall order (of 8%pa or 10%pa for that matter) over a long timeframe like 20 to 30 years. Warren Buffett who managed ...
