Lessons Learnt from Stupid Mistake - Share Yours

[opmi]

The investment I'm most unhappy with so far should be Eastern Holdings. Bought it cause wanted to try out asset play, versus the usual earnings based or net net approaches. Tis my opinion only but I think it is hard for asset play approach to match the returns from earnings approach.

Lost money on EH also for similar reasons. I think the challenge with asset plays are the reasons why an asset is undervalued and the difficulties in unlocking the value. Lost around 3.6k on EH 3 years ago.

Smallcaps, assets play will lose to earnings. Coz earnings can go for PE 5x to 40x. Assets at most 3x based on 30% disc to RNAV. For asset plays, better if the company
can grow NAV consistently.

LF, how to lose money when EHL at 3 years high?