Value Merlion

2008 was a memorable year for many investors. It was the start of the Great Recession and the day when the word “ Subprime Mortgage Crisis” entered into our jargon. I have read before that our character and belief is very much formed by major events in our personal life. Our shared identity among friends are also formed by common events. Combined, I believe this created a form of echo chamber for better or worse for many investors. In my opinion, the 2008 financial crisis created create and solidifies a group of investor or traders who believe that the next crisis is always around the corner lurking and they can take advantage of it, just like how some people struck it rich post 2008. My challenge to such a belief, is it so easy to enter when it’s all time low and how do we control the emotion? I personally think that most investors including me, are all lizard brains. We get excited when something major is going on, this explains for the market when it’s the least expected. ...

June hasn’t been kind to the Singapore and to a certain extent, HK and Malaysia as well. The uncertainty increases with the China vs USA throwing barbs at each other. Singapore, HK and Malaysia being the benefactors of the global economy are bound to take some hits. On the other hand, it also means a lot of opportunity for purchase and investment. I am looking into buying more of those stocks I deemed low in valuation, but I shall wait when they hit my desire prices. Singapore For this month, the Singapore market is still badly hit by declines in Singtel and the reduction in property shares. Overall, the smaller counters have also been hit. I suspect that the market is bailing out due to the reasons discussed. I have increased Miyoshi as well, with the intention that the company is still below P/B and also it’s a decent company with mostly upsides in the mid term. Been screening thru some counters, but while market is down by around 5-10%, I don’t think it’s a time for me to pa...