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21-07-2014, 09:16 PM
Great article from NextInsight on Tan Chin Hwee.
Here's a short summary of his biography:
Tan Chin Hwee, CFA, CPA, is the founding partner in Asia for Apollo Global Management, a leading global alternative investor, among the top three largest in the world.
He has been voted by The Hedge Fund Journal as one of the top 40 emerging absolute return investors globally and has also been given credit for managing the Best Asia Credit Hedge Fund by The Asset.
And my favorite part of the article:
There have been a number of financial crisis over the past few years. Why do you think these happen and what can an individual do to better prepare himself/herself should it happen again?
Financial crisis are necessary evils and unavoidable in the capitalistic system as the market is effectively driven by greed and fear - what Keynes terms as “animal spirits”. Pre-crisis, the sustained market bull-run builds investor confidence which eventually results in irrational exuberance and the under-pricing of risk; crises happen when an event triggers the adjustment of risk-pricing, a large adjustment sends markets into panic. Historically, markets always overshoot at major turning points at the top (greed) and at the bottom (fear).
To avoid the pain of financial crisis, as an investor, you have to understand what is your risk profile; this is a critical success factor for investors. Key is to be independent and contrarian in your investment decisions, a word of advice from Warren Buffett - “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”.
You have to be able to bet. But you also have to have enough fear to have the caution.
Article link here.
Cheers!
theasiareport.com
Here's a short summary of his biography:
Tan Chin Hwee, CFA, CPA, is the founding partner in Asia for Apollo Global Management, a leading global alternative investor, among the top three largest in the world.
He has been voted by The Hedge Fund Journal as one of the top 40 emerging absolute return investors globally and has also been given credit for managing the Best Asia Credit Hedge Fund by The Asset.
And my favorite part of the article:
There have been a number of financial crisis over the past few years. Why do you think these happen and what can an individual do to better prepare himself/herself should it happen again?
Financial crisis are necessary evils and unavoidable in the capitalistic system as the market is effectively driven by greed and fear - what Keynes terms as “animal spirits”. Pre-crisis, the sustained market bull-run builds investor confidence which eventually results in irrational exuberance and the under-pricing of risk; crises happen when an event triggers the adjustment of risk-pricing, a large adjustment sends markets into panic. Historically, markets always overshoot at major turning points at the top (greed) and at the bottom (fear).
To avoid the pain of financial crisis, as an investor, you have to understand what is your risk profile; this is a critical success factor for investors. Key is to be independent and contrarian in your investment decisions, a word of advice from Warren Buffett - “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”.
You have to be able to bet. But you also have to have enough fear to have the caution.
Article link here.
Cheers!
theasiareport.com
http://theasiareport.com - Reflections From Finding Value In Asia