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13-06-2015, 06:08 PM
(This post was last modified: 13-06-2015, 06:26 PM by cyclone.)
Sharing a short interview, found in valuewalk.com, talking about equal weighted approach in portfolio construction by Mr. Yeo Sheng Chong of Yeoman Capital Management.
Here is the link :
http://www.valuewalk.com/2015/03/seng-ch...onviction/
Specuvestor: Asset - Business - Structure.
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As long as basic principles of value investing remain intact, the strategy used can be varied from a broadly diversified one, as in Yeoman Cap, or a concentrated one, as for lighthouse advisor, in Singapore context. Both will give you a rewarding performance. Yeoman cap has a CAGR of ~13% net of fee. The last Lighthouse advisor's performance I knew, was ~21% CAGR. So a very important decision, for value investors, is to find a strategy which is matching with your temperament, to ensure sustainability
Conviction may be a noise to Yeoman strategy, but a must for lighthouse advisor's, IMO.
(not vested on both funds)
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡