Read? Uncle Chua's School of Long-term Investing???
Did late Uncle Chua, an illiterate taught us something that we don't often read it from books or heard it from our investing seminar Gurus?
In mid-1997, when Asian Financial crisis started sweeping across regional markets like hurricane destroying every single object in its path, Uncle Chua started calling his broker more often than usual to enquire about stocks prices. Contrary to most of my clients, who began panicking and dumping their shares to preserve what they had left, he did not sell a single share. Instead, he started buying blue chips only. He bought bit by bit as the STI broke one low after another.
Uncle Chua's portfolio consisted of nothing else but blue chips stocks only!I asked him about his philosophy of selecting good stocks. How did he pick those blue chips? Uncle Chua, explained: " I bought some of them as ......