Just some random thoughts on a Sunday afternoon
Category: Thoughts
It’s Hard to Measure Management Quality (Revisited)
I have written on this topic sometime last year. https://themosspiglets.com/2019/06/19/the-importance-of-assessing-management-quality/ Last week, we received news about a corruption case involving a former LTA staff and directors from several construction firms. https://www.businesstimes.com.sg/companies-markets/former-lta-deputy-group-director-charged-with-corruption I was surprised at this news especially with the people involved. Mr Henry Foo was once touted as one of the more promising LTA … Continue reading It’s Hard to Measure Management Quality (Revisited)
Moss Piglet’s 2Q2020 Review
What an unbelievable first half of 2020! After a disastrous 1Q, we have seen some sort of recovery in the markets this quarter and now we are currently seeing mixed performances as the markets begin to digest the numbers coming out from 2Q2020. Countries all over the world are starting to open up their business … Continue reading Moss Piglet’s 2Q2020 Review
You Lack Conviction
This was what someone told me after I joked that I had taken profit from a position way too early and that the stock price doubled after I sold. Aside from the fact that I was quite taken aback when this was supposed to be a light hearted conversation and he went all “serious mode” … Continue reading You Lack Conviction
Half Will Be Wrong, The Other Half Lucky
I started working from home this week, after my government finally issued the circuit breaker and stopped all non-essential business. For someone like me who is in the construction industry, working from home is near impossible. I mean, no work on site equals no progress and therefore no revenue. Furthermore, there is only so much … Continue reading Half Will Be Wrong, The Other Half Lucky
Quarterly Review – It’s Bad
Quick update on my portfolio performance, it is probably the worst quarter I have experienced. I got a little too excited during the first few weeks of the downturn and bought too much. As the days turn to weeks, I felt like how the band continued to play when the Titanic was sinking. Depressing What … Continue reading Quarterly Review – It’s Bad
We Are All Witnesses
This is probably history in the making. The Covid-19 has wrecked havoc all over the world and is causing an economic fallout that until now, I cannot really determine the full impact. Then we have the Saudis clashing with Russia which decimated oil prices that was already losing demand due to the virus. In just … Continue reading We Are All Witnesses
Oil Contango
Contango is a situation where the futures price of a commodity is higher than the spot price. Brent and U.S. crude contracts were deep into contango as oil prices lost as much as a third of their value after Saudi Arabia signalled it would hike output to win market share. The Oil Sell-off Fears of … Continue reading Oil Contango
How Are You Feeling?
Tough times are here, and it is hard for individual investors like us to keep a cool head. Money is moving in and out of the markets so fast, causing huge swings up and down and all we can do is watch and hope it settles down soon. STI Index this week Overall, I feel … Continue reading How Are You Feeling?
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This is not a post about investing. The Roman philosopher Seneca once said, life is not short but long if we know how to use it – It is not that we have a short time to live, but that we waste a lot of it. Life is long enough, and a sufficiently generous amount has been … Continue reading Untitled