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Avoid investing in stuff we can't understand.
Try to understand the business before plonking down any money in it.
"Never invest in a business you can't understand."
- Warren Buffett.
Don't buy just because someone else is buying.
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4 comments:
Always pay to find out how the business functions so that we can understand its profitability. The person who asked you about Singapura Finance is not the first time. During one of the SGX seminars, one person asked about Singapura Finance and whether was worth considering. The speaker said yes and was within his radar from the P/E and other key ratios perspective.
AK,
"Yes I read"
I couldn't stop laughing!
This one is so classic!
LOL!
Got to admire your patience and good nature...
Hi SMOL,
Well, you know how sometimes certain things become clearer after reading two or three times. So, this could be one such case. ;)
Hi Gary,
I am sure there are quite a few seasoned investors out there who have their eyes on Singapura Finance too. If we believe that interest rates are on their way up, they will be a natural beneficiary. :)
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