Be Boring - How the best investments are the most boring ones. “Investing should be dull. It shouldn't be exciting. Investing should be more like watching paint dry or grass grow. If you want excitement, take $800 and go to Las Vegas” - Paul Samuelson Investing can definitely be exciting. Seeing those numbers tick upwards … Continue reading It Does Pay to Be Boring
Powermatic Data (SGX:BCY) just released their long awaited full year results after a 2-month time extension filed with SGX RegCo. Since Feb 2020, the Group released updates on their operations in Suzhou. In a nutshell, operations were halted on 3 Feb 2020 due to mandatory closure under the directive of the local government and has … Continue reading Powermatic Data (SGX:BCY) – Still Picking Up The Cash Flow
This was what someone told me after I joked that I had taken profit from a position way too early and that the stock price doubled after I sold. Aside from the fact that I was quite taken aback when this was supposed to be a light hearted conversation and he went all “serious mode” … Continue reading You Lack Conviction
When I first invested in Powermatic Data, what I saw was a company with huge margin of safety with its cash hoard and properties. If you ask me then, what does it do, I would probably say "they have something to do with modems". That was almost 3 years ago. Today, Powermatic Data is a … Continue reading Powermatic Data (SGX:BCY) – The Right Place at the Right Time
It was 2016, right in the middle of the China liquidity crisis. The poor investment sentiment that time was also aided by low oil prices. DBS (SGX:D05) reported poor financial results, mostly due to provisions made for loans to O&G companies. Everyone got worried that another financial crisis is here again. The stock price has … Continue reading How to Catch A Knife
Last week, we had a little drama in Singapore's investing landscape when Yangzijiang Shipbuilding(SGX:BS6) plunged more than 20% from $1.29 to hit a 2.5 year low at $0.86. It has then recovered to about $1.01 currently. For more info, you can click on the link below; https://www.businesstimes.com.sg/companies-markets/yangzijiang-hits-rough-waters-amid-beijings-probe-into-individual-linked-to-firm It has stirred up tons of discussions among … Continue reading Math is the Simple Part
The greatest trader of all time, Jesse Livermore, said, "It was never my thinking that made the big money for me. It always was my sitting." Some companies have the ability to make you sit for very very long before they realize their value. This is one of them. Considered by many to have one … Continue reading Sing Holdings (SGX:5IC) – Worth The Wait?
I thought I was investing when I dabbled in the forex markets. Back then I based my trading decisions on technical charts and interest rate decisions. However, during a discussion with my friends on our investments, they posed me a question on how do I derive the intrinsic value of a currency? I had totally … Continue reading The Road to Graham and Doddsville