It is with sadness that Dr Michael Leong had lost his battle against cancer and passed away on 12 Feb 2016.
I am one of the beneficiaries.
I read Your First Million – Making It In Stocks in 2010 and wrote a book summary of it.
His ideas shifted my perception on fundamental analysis – focus on valuing a company based on her assets rather than her earnings. This was counter to what finance professionals preached but the approach had made Dr Michael a successful investor.
He was one of the earlier influence for my investment approach. I attribute part of the CNAV strategy to him.
We had a few correspondences in the past. The last one was about his change in his investment approach due to a larger capital.
We have lost a great investor in Singapore.
Dr Michael Leong may have departed but his work and ideas continue to live on.
To his family, I extend my condolences. I thank you for the support you have given him to create an impact to our community. He will always be part of our memories.