Friday, 13 October 2017

Wise quote on bull markets

“Bull markets are born in pessimism, grow on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.”

- Sir John Templeton

Saturday, 7 October 2017

Blockchain: Massively Simplified

Just wondering - if block chain one day became hackable, wouldn't that spell hell?

ADVANC's intention to acquire stake in Singtel

Did I read wrong?

"Advanced Info Service Public Company Limited (SET:ADVANC) signed a non-binding and conditional letter of intent to acquire 56.2% stake in Singapore Telecommunications Limited (SGX:Z74) from Singapore Telecommunications Limited (SGX:Z74) and DTV Service Company Limited for THB 2.6 billion on September 5, 2017. The shares will be acquired at a preliminary indicative price of THB 7.8 per share which is subject to further negotiations and/or due diligence. The transaction is subject to satisfaction in the due diligence result, approval from the Board of Directors and the approval from the shareholders of Advanced Info Service Public Company Limited, Thaicom Public Company Limited and Singapore Telecommunication Limited"
[Source: SGX]

2.6 billion (2600 millions) THB is only about SGD 106 millions.

I wonder how they came up and justify with such low figure in the letter of intent for acquisition. Or maybe there's some missing link here?

The "chionging" bull

S&P500 now at 254.

Chiong, chiong, chiong. Good for those who bought and huat, huat, huat.

STI now at 3291.

Friday, 6 October 2017

Who's 武林秘籍 do you follow?

Short-term Traders
Ricardo, Jesse Livermore, George Soros, Steinhardt

Value Investors
Benjamin Graham, Warren Buffett

Growth Investors
Philips Fisher, Rowe Price, Peter Lynch

Passive /Index Investor
John Bogle (founder of Vanguard)

Or how about mixed martial arts?
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