This blog is going to be a bit more than just sharing the transcript for the video I made in response to ComfortDelgro's Q1 results.
I will also share my response to a reader's question in my YouTube channel at the end of this blog.
Anyway, to start, for readers who prefer reading to watching videos, here is the transcript of the said YouTube video first.
I blogged about how re-allocating resources in an environment of higher inflation and rapidly increasing interest rates would be a prudent move many moons ago.
To that end, I reduced my investments in many investments in my portfolio, some of them drastically, using the freed-up capital to mostly increase my investments in OCBC and UOB.
Basically, if an investment paid very little in dividends or has shown that it could suspend dividends in a crisis, and had a very weak balance sheet, it would be a candidate for a haircut....
