Highlights from Webb-site

[yeokiwi]

Wonders anyone makes such sort of returns on SGX (eg. Prof Mak) due to the poor corporate governance?

The 20%-a-Year Stock Picker Who Wishes His Edge Would Disappear

Webb finds the source of his outperformance troubling. In his view, beating Hong Kong’s stock market by such a wide margin has only been possible because of the city’s weak corporate governance and lax regulatory oversight.

https://www.bloomberg.com/news/articles/...-disappear

Index wise, Hang Seng Index(+250% since 1995) performed much better over the same period than STI.(+50% since 1995)
So.. it may be more difficult to match Webb in local market?

[weijian]

This is probably very similar to Spore's own Penny Stock rout issue. But one can imagine that there would be many more such players in the HK market with such depth and retail participation.

The Spectacular Implosion of Dr. Cho’s ‘Nefarious Network’

Hong Kong’s markets are plagued by stock manipulation, share pledging, cross-ownership and margin lending. Regulators say they’re going to take action.

https://www.bloomberg.com/news/features/...et-inquiry

[gzbkel]

Sad news, Mr Webb has metastatic cancer.

https://webb-site.com/articles/editor200608.asp

[cyclone]

Sad news, Mr Webb has metastatic cancer.

https://webb-site.com/articles/editor200608.asp

I wish him a speedy recovery.

[weijian]

When I was young and made a decision to learn about investing - heroes and mentors whom we have only read (a lot about) probably never met, came into my life. As time passed, we know we have aged (and hopefully to be richer, wiser and happier) when our heroes and mentors start to pass away one by one.

Many years ago, it was Dr Michael Leong (Founder of ShareInvestor) who wrote "Your First Million", one of the first investing books I read. 1-2years ago, it was Charlie Munger and also the local blogger CW8888.

The coming end of Webb-site

When I disclosed my metastatic prostate cancer in Jun-2020, I didn't expect to live as long as I now have - the 5-year survival (which I am now approaching) is about 30%. However, after exhausting 4 lines of therapy and resorting to experimental treatments that are only available overseas, I have now reached the point where outcomes are measured in months rather than years and my symptoms and side-effects are making it harder to function.

I hope to reach 60 in August and all I want for my birthday is another one, but before I become more dysfunctional, I need to make plans for the orderly conclusion of this pro bono, loss-making work rather than leave managing it as a burden for my family. One of the few benefits of knowing that you're dying is being able to plan the end on your own terms.

https://webb-site.com/articles/shutdown.asp