After more than two decades in the stock market, there are three things I wish more investors knew.
And surprisingly, none of them is about picking the next winning stock. 😃
SmallCapAsia recently turned our earlier video conversation into a written feature, and I thought they did a nice job distilling a rather wide-ranging discussion into 𝐭𝐡𝐫𝐞𝐞 𝐩𝐫𝐚𝐜𝐭𝐢𝐜𝐚𝐥 𝐭𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐨𝐫 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬.
One part of the article touches on something I believe is often overlooked.
Singapore may be a relatively small market, but that doesn't mean the opportunity set is small.
Beyond the familiar banks and blue chips, there are companies exposed to very different growth drivers, from structural industry trends to regional expansion and changing investor interest.
But finding opportunities is only one part of investing.
The other, and arguably more important part, is 𝐤𝐧𝐨𝐰𝐢𝐧𝐠 𝐰𝐡𝐚𝐭 𝐭𝐨 𝐝𝐨 𝐰𝐡𝐞𝐧 𝐭𝐡𝐢𝐧𝐠𝐬 𝐠𝐨 𝐰𝐫𝐨𝐧𝐠.
Having spent more than two decades watching different market cycles, one lesson that has stayed with me is that good investing isn't simply about being right.
It is also about surviving the times when you are wrong. 😅
That is why I particularly liked that the article didn't just focus on where opportunities might be. It also touched on risk management, diversification and understanding what actually drives the Singapore market.
Nothing overly complicated.
Just a few lessons that I think are useful whether you have been investing for 25 years, or only started recently.
A big thank you to SmallCapAsia for putting the conversation together so nicely, and especially for publishing it in both English and Chinese. 🙏
English:
中文:
And if you prefer watching to reading, here's the original conversation:
YouTube Interview: https://youtu.be/IPhP5SmVOL4
𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐰𝐢𝐥𝐥 𝐚𝐥𝐰𝐚𝐲𝐬 𝐠𝐢𝐯𝐞 𝐮𝐬 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬. 𝐓𝐡𝐞 𝐛𝐢𝐠𝐠𝐞𝐫 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧 𝐢𝐬 𝐰𝐡𝐞𝐭𝐡𝐞𝐫 𝐰𝐞 𝐚𝐫𝐞 𝐩𝐫𝐞𝐩𝐚𝐫𝐞𝐝 𝐰𝐡𝐞𝐧 𝐭𝐡𝐞𝐲 𝐚𝐩𝐩𝐞𝐚𝐫.
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