chowyonghan Author

The for and against cases against Bitcoin

Bitcoin (BTC) has crashed 30% in the last week. It makes the drop in US stocks look weak. BTC has reached a peak of $67,567 on 8 Nov 2021 and has since tanked by 67%. Mind you that this is the iconic crypto that many...

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How to value loss-making companies

Many young, fast-growing companies have managed to list on the stock market in recent years. What used to be exclusive to venture capitalists have now been tradable by retail investors. But investors are not used to...

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First, they got rich from commodities. Then real estate and banking. Now what?

I observed a few patterns among the richest in Singapore across generations. The first generation got rich from commodities although they eventually branched out to other businesses and formed conglomerates. Tan Kah Kee...

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Electric vehicles have been around for more than 140 years

It should be obvious to many that Electric Vehicles (EVs) are the future. But you might find it surprising that EVs are actually older than gasoline cars. The first EV was built in 1881 by Gustave Trové. The first...

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Buy as much as you can when the market crashes 30-50%

(Excerpt from Just Keep Buying by Nick Maggiulli) The next chart illustrates this. It shows the distribution of your annualized returns if you were to buy during any month when U.S. stocks were down by 30% (or more)...

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The wheel of fortune in investing

There is no one strategy that always outperforms. Be it growth, value or any other strategies you have used or have heard of, do not outperform all the time. Growth has done very well for a handful of years, probably...

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3 Elements in a Strategy Kernel

(Excerpt from Good Strategy / Bad Strategy by Richard Rumelt) A good strategy may consist of more than the kernel, but if the kernel is absent or misshapen, then there is a serious problem. The kernel of a strategy...

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Strategy is the bridge between goals and objectives

(Excerpt from Good Strategy / Bad Strategy by Richard Rumelt) Bad strategy is long on goals and short on policy or action. It assumes that goals are all you need. It puts forward strategic objectives that are incoherent...

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Buy low sell high vs buy high sell higher vs buy and hold

We don’t trade the markets, we trade our beliefs about the markets. A good quote from Van Tharp. It is very true as we know there are many different investing or trading strategies out there. Some believe buying...

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Do you focus on returns or risks?

Returns-focused + High Interest. This is the group of investors who are lured by the promise of life-changing returns in the markets (it could be any market – stocks, options, cryptos). They don’t mind...

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