SMRT

[kazukirai]

sadly, not a insignificant portion of investors of smrt are the man on the streets.

It's not even just the man on the street. I met a trainer at one of those SGX courses for retail investors once and he was railing about Saw's (previous SMRT CEO) handling of the train disruptions at that time. His view, ultimately, was that SMRT was practically infallible. I don't know if he kept averaging down or he divested since then.

But it shows that even the pros have a hard time divorcing their biases. His was obviously that SMRT as a quasi-monopoly would be a good stock.