![](https://i.imgur.com/CLvY2jA.png")
21-08-2021, 01:56 PM
These investors all got it WRONG.
They say something is better because price is higher...its the other way round
the lower the valuation relative to the business the higher the future returns.
in 1985-1992 the S'pore and asian markets outperform the US. In 1993 every investor in the world wanted to cheong Asian markets... in 1997 asian crisis.
the investing fashion changes and revolve. inevstors look at rear view mirror and now say US market good. that is a mistake.
singapore market has value traps one needs some expertise to pick winners
They say something is better because price is higher...its the other way round
the lower the valuation relative to the business the higher the future returns.
in 1985-1992 the S'pore and asian markets outperform the US. In 1993 every investor in the world wanted to cheong Asian markets... in 1997 asian crisis.
the investing fashion changes and revolve. inevstors look at rear view mirror and now say US market good. that is a mistake.
singapore market has value traps one needs some expertise to pick winners
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
