Warren Buffett’s investment approach wasn’t always the same throughout his career. His current style of buying big companies with competitive advantage was different from the investment style he started with. Likewise, the Berkshire Hathaway that we know today is a conglomerate. When Warren Buffett bought Berkshire it was an unsexy textile business with profitability issue. But the … Read more
The Singapore Government 30-year bonds currently traded over SGX has a yield-to-maturity of 2.8% at this moment. This is the risk free rate that an investor could earn. In other words, if you buy the bonds today and held it till maturity you will receive the face value of the bond. The Singapore Government promised and is obligated to … Read more
It is apt to follow up with this story after Jon’s previous article about delayed gratification. I must give credit to one of our Value Investors Club members who brought up this analogy of the way we do value investing using the CNAV approach – it is like growing bamboo. I researched about this analogy and found … Read more
Problems can be opportunities. But how do you distinguish an opportunity from a real problem? Among a group of troubled stocks, how does an investor know which one are worth investing in? For that, we look to the Father of Value Investing for an answer. Benjamin Graham believes that a stock offers great margin of safety when it … Read more
Investing in market index ETFs provide a generally diversified portfolio with the ability to track overall market returns. What if there is a method to beat the market returns with a simple mechanical and quantitative process? Well, a strategy of simply buying the 10 per cent of the Singapore market with the lowest price-to-book (PTB) … Read more