Seth KlarmanSeth Klarman is the chief executive and portfolio manager of the Baupost Group. He is a proponent of value investing, nicknamed the "Oracle of Boston" for his similar approach to Warren Buffett.Here are Klarman's quotes from the recent interview with Harvard Business School.1. "Our approach is, 'Let's look a mile wide, let's look at everything that we can possibly figure out.' Then we find something that seems like it might be a bargain, an inefficient pricing, and we go a mile deep."2. "We look between the silos. We look for cracks, we look for things leaking out, and we look for things that can't be easily siloed. There are fewer competitors in those, and if I love one thing, it's the lack of competition."3. "When you just know a certain kind of company, or you only know 20 s

From the 21 Oct to 21 Nov close, $Straits Times Index(STI.SI)$ rallied 9.4%, with Singapore's 100 most traded stocks averaging 8.0% total returns. The 100 stocks also saw S$730M of combined net fund inflows over the month, taking their 2022 YTD net fund inflows to S$1.2B.    The 100 stocks represent all key sectors, with Telecommunications, Banks, and Technology Sectors seeing the most net fund inflows, proportionate to their current market capitalisation over the month, while the Energy, Materials & Resources, and Utilities Sectors saw the most proportionate net fund outflows.    Among the 100 stocks, the 10 stocks that saw the most net fund inflows, proportionate to their current market capitalisation, include

Feb 13 marks the end of pandemic restrictions, a day before Budget 2023. Masks no longer mandatory, shift to Dorscon Green, and cessation of the multi-ministry task force, highlights the receding threat of COVID-19 in Singapore. While the news is unlikely a gamechanger for tourist arrivals and retail sales, it nevertheless completes Singapore's transition to normalcy. Passenger traffic at Changi Airport has recovered to 80% of pre-COVID. Further recovery should take hold with the return of Hong Kong and China tourists as they made up c.21% of visitor arrivals in 2019. They are also in net cash position, that's a big plus in this high interest rate era. Net cash is a measure of a company's liquidity - its ability to quickly meet its financial obligations. Investors can use net cash to help

Joel GreenblattI find this very useful as a general approach in stock investing.Excerpt from Joel Greenblatt lectureA Story Selling GumI started in business school 25 years ago. What I know about investing other than reading financial statements, I learned on my own reading and making mistakes. Hopefully, I can give you the benefit of my experience.A number of years ago, I was trying to explain to my son what I did for a living. He is 11 years old. I spoke about selling gum.Jason, a boy in my son’s class, sold gum each day at school. He would buy a pack of gum for 25 cents and he would sell sticks of gum for 25 cents each. He sells 4 packs a day, 5 days a week, 36 weeks or about $4,000 a year.What if Jason offered to sell you half the business today? What would you pay?My son replied, "Wel

Read the news on Barron's that Biden is rethinking China Tariffs. Is this a sign of the end of the trade war?“We did not impose any of these tariffs; they were imposed by the last administration,” President Biden said about U.S. tariffs on China.Donald Trump’s trade war with China, which peaked in 2018, is dead policy walking.Tariffs he imposed on some 8,000 Chinese imports cost U.S. customers $81 billion last year, according to the Peterson Institute for International Economics.The president showed signs of rethinking that during his just-concluded Asian tour.Treasury Secretary Janet Yellen has been agitating to trim the tariff list to fight inflation. “Yellen is trying to distinguish between pillowcases and semiconductors,” says Gary Hufbauer, lead author of the Peterson Institute study.

Consider $Visa(V)$. Great company with ample free cash flow, no debt which is good at this high interest rate era, and still has rooms for double digits sales and earnings growth. Visa Operating Performance  Visa is a great value compounder with economies of scale, durable moat, and high profit margins. As you can see from the table above, Visa has an extraordinary operating performance. Super high ROIC and profit margins. Visa Valuation  As for the valuation, V is now trading below its 5-year average valuation. This is not a recommendation, just my opinion. Do your own research. Data source : Morningstar.com

$Apple(AAPL)$  will build computer chips in the US for the first time in nearly a decade, the company's chief executive Tim Cook confirmed on Tuesday. Mr Cook was speaking in Phoenix, Arizona, alongside US President Joe Biden and other executives at the site of a future $Taiwan Semiconductor Manufacturing(TSM)$  Company plant. TSMC already produces chips for Apple, but Mr Cook said the two companies will expand their relationship when the plant opens in 2024. "As many of you know, we work with TSMC to manufacture the chips that help power our products all over the world," Mr Cook said. "And we look forward to expanding this work in the