STE's Stocks Investing Journey

I really enjoy the beauty of the sky every morning or evening whenever I look up the sky from my living room….. these photos were taken from my house in the morning or evening. Like skies, Mr Market’s mood swings days and nights or minutes by minutes …. Below quoted from Warren Buffett’s Letter to  Berkshire Hathaway   Shareholders in 1987.

image credit to channelnewsasia.com In last’s week’s Town-Hall meeting, in a distressed and disappointed mood, Hyflux "s CEO said that “ it was ironic that she built Hyflux and made it a successful business story started in Singapore and yet fail because of Singapore’s project ( Tuaspring Integrated Water & Power Project   -Link). The Town-hall meeting was attended by almost 600-700 retail investors ( mostly retirees), with one reported to have invested more than $250,000 in 4.25% Perps Bond and also 200 plus MTN holders in early session.

Have you been nudged? (  Link ) from BBC.com) <In probably the most well-known example, spillage around the toilet , an age-old problem for at least half of the human race was cut by -80% using an ingeniously simple  intervention. > The 2017 Nobel Prize in Economics was awarded to Professor Richard Thaler for his contributions to behavioural economics. Prof Thaler's work essentially questions the economic dogma of the so-called "rational man" as defined by classical economic theory, who makes decisions based on weighing the additional benefits against the additional costs of every single option.

Animal spirits  is the term  John Maynard Keynes  used in his 1936 book  The General Theory of Employment, Interest and Money  to describe the  instincts ,  proclivities  and  emotions  that ostensibly influence and guide  human behavior , and which can be measured in terms of, for example,  consumer confidence . It has since been argued that  trust  is also included in or produced by "animal spirits". image credit to en.wikipedia.org Even apart from the instability due to speculation , there is the instability due to the c haracteristic of human nature that a large proportion of our positive activities depend on spontaneous optimism rather than mathematical expectations, whether moral or hedonistic or economic.  Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits—...

One of my readers ask me what am I doing since the market has gone down by more than -10% from early May, am I buying or selling? My answer is "No", I don’t do any major adjustment on my portfolio, except nimble a little bit here and there with the dividend I received. Basically, my war-chest remained the same in term of percentage in my portfolio. For me, I don’t think it is compelling for me to do major adjustment on my portfolio at this point of time, although the STI Index has corrected by more than -10% , but it sits just at long term mean level.