I remember vaguely 20 years ago as a fresh graduate trying to dabble in stock market. That time my return can be 100% returns of my small investment within few months. I would often tried the warrants which are quite popular too. Don’t get me wrong. Any monkey would have make a profit throw darts. Making money was that easy. It was broker days.

Quickly moved on to reading Annual Reports and getting NTA mainly after. My vision scope is the value of the company if to fail as a baseline. And from there to find value. Right from the start in my investment journey, my return started with positive returns. I was searching for mathematical correlation.

Fast forward today. Warrants are now an alien culture to me. I am still in positive net returns amid much stronger net returns. This days I try to simplify my investment. If