Three Lessons from 126 Years of Market History
Equities outperformed not because they are traded more frequently, analysed more thoroughly, or held by smarter investors. They outperformed because they represent ownership stakes in productive businesses. Entities that generate earnings, reinvest capital, and compound value over time.
Centurion Accommodation REIT: The Architecture of Essentiality
CAREIT listed on the SGX Mainboard on 25 September 2025 under stock code 8C8U, becoming Singapore's first pure-play purpose-built living accommodation REIT.
That "37%" Return? It Could Be 2%
That "37% return" could be 2%.
Not because anyone lied. Because the window was chosen.
Marketing chooses a
CAGR Is The Number That Matters
There's a version of this story that happens thousands of times a year in Singapore, and in every market where fund marketing exists.
Investor Frameworks — now live.
Some of the most useful investment thinking doesn't arrive in a 3,000-word report. Sometimes a single
When Everyone Sells, Who Is Buying?
Sitting with this across those two days was not panic, not a desire to act, but a deeper question. If I were to sell right now... who exactly would be buying?
That question sounds simple. It is not.
NetEase Games: Snapshot
The Snapshot distills the full First Principles Analysis into a single reference page — the central question the analysis is built
