Teh Hooi Leng calls it a day (Aggregate Asset Management)

[intellect]

Me too...
Used to look forward to her article every Sat.

[jovialger]

She has joined Aggregate Asset as Research Head.

[kazukirai]

Good catch by Aggregate. Great PR move for them and with Teh Hooi Ling's style of backtesting based on simple value criteria, I think it fits really well with the work they do.

[KopiKat]

Clears up most of the questions in my head,

BT journalist joins Aggregate
BT Invest: Diversified versus focused approach to investing

Perhaps, we'll see a local variant of Joel Greenblatt..

[Contrarian]

> we keep it simple – 1% allocation for most stocks, 2% for a worthwhile
> idea and 3% for a high conviction idea.

If I find a very blue chip, very solid company priced so cheap with many years of history, I will bet 30-40% of my entire funds in this stock

I dont think that is gambling...

Clears up most of the questions in my head,

BT journalist joins Aggregate
BT Invest: Diversified versus focused approach to investing

Perhaps, we'll see a local variant of Joel Greenblatt..

---

Clears up most of the questions in my head,

BT journalist joins Aggregate
BT Invest: Diversified versus focused approach to investing

Perhaps, we'll see a local variant of Joel Greenblatt..

Even my fund manager bets 15-20 stocks max. That's conviction!!!

[opmi]

Clears up most of the questions in my head,

BT journalist joins Aggregate
BT Invest: Diversified versus focused approach to investing

Perhaps, we'll see a local variant of Joel Greenblatt..

Joel greenblatt more special situations first.
The magic formula thingy comes later on.

[axt]

She is back! Go read today Sunday Times.

[chialc]

Well Done axt!

I read the article during breakfast and I missed out her name. (I really missed her.)

Familiar style... how could I missed it.

Consider the price of the Singapore market, relative to the 10-year average of its earnings per share, as calculated by Thomson Datastream.
In the past 30 years, the highest the market price has gone up to was 33.5 times its 10-year average earnings. That was in August 1987 just before the October 1987 Black Monday crash.
The lowest the market has plunged to was 10.3 times its 10-year average earnings. That was in February 2009, the darkest point of the recent global financial crisis.
Now, we are at about 14.1 x.

So based on patterns in the past, in so far as companies' earnings are not artificially propped up by low interest costs and barring any structural change in the economic environment, investors who enter the market at current levels have a good chance of earning satisfactory returns from the stock market over the next five years.

The above is an extract of her article (which I keyed in).
The last paragraph is her closing paragraph.
On my first read, I thought that this is a call to buy.
On second read, I highlighted her popping assumptions and then I'm not sure I understood her completely... (sounds like ex-Feb chairman)

Relax...it's Sunday...

[axt]

I have the habit of looking at who is the writer before reading any article. Hope this is going to be weekly.

[chialc]

cool... so, did you noticed the article written by LKY which got published in ST?

wrote during the japan/china tensions.
I am quite amazed that he wrote to newspaper.