Jun 17
When Information Becomes Abundant, Judgment Becomes Scarce
AI can model the odds. It cannot be the one who decides to proceed despite them.
9 min read
Perspectives
Short reflections on markets, investor behaviour, and the ideas behind long-term decision making. These pieces explore how we interpret information, frame risk, and think about ownership in an uncertain world.
May 29
The Part We Control, and the Part We Don't
We have all heard the phrase. More risk, more reward. It is repeated so often it has stopped sounding like an argument and started sounding like a fact. Take the chance, earn the return. Accept the uncertainty, collect the return.
6 min read
May 08
The AI Cake Is Real. Each Slice, a Different Price.
Every layer in the AI stack is necessary. That is the point of the framing.
But investors have often paid dearly for confusing a necessary industry with a good business.
6 min read
May 04
When a Good Business Is Still Hard to Own
So you've done the work. You understand the business. You respect how it's run. The financials hold up. And yet, you hesitate. Not because anything is wrong. But because something isn't quite enough.
6 min read
Mar 18
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.
4 min read
Mar 09
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.
7 min read
Mar 04
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.
10 min read