As investment professionals, friends tend to seek us out for investment advice and we tend to give freely, without contemplating the consequences. Most of the time, we share ideas that we are thinking of OR ideas that we already own and as conversations with friends go, there is no in-depth discussion and exact instructions are not provided. For example, a typical conversation will be: Friend: "Hey, any stock lobang (good investment opportunity)" Investor: "Yeah, check out Sembcorp Marine,  I bought already." Friend: "Why is it good?" Investor: "Energy is in demand, now oil price so high. Sembcorp will benefit." Friend: "Oh yes, that is true, any risk?" Investor: "They always need to put a lot of capex, basically money and capital to build rigs and the industry is highly cyclical, so some competitors go bust. But no worries, Keppel will buy them if anything goes wrong." Friend: "Ok, ok, I go buy tomorrow."...