You are your own worst enemy, the late John Bogle once said.
Bogle is widely credited as the father of index funds. And he had a point to make.
Unfortunately, Bogle said, investors are often too bullish at market highs and too bearish at market lows. That’s the surest way to lose money, he mused.
At the heart of the problem is what Bogle calls the rowboat syndrome:
“Visualize somebody sitting in a rowboat, rowing away at top speed. He knows absolutely exactly where he’s been and has no idea where he’s going.”
Bogle’s advice is particularly meaningful, especially as we look back at 2019.
As the curtains come down, you may be celebrating your winning stocks and commiserating on your losses.
However, spending too much time in the past could be detrimental.
If there are lessons to be learnt, please do so. But don’t dwell on your mistakes.
While the past can provides us clues, it’s ultimately what businesses do in the future that will drive their long-term returns.
Now that we have the right context, let’s join Chong Ser Jing as he shares six key things that he thinks will happen in 2020.
Spoiler alert: Ser Jing is well aware that he doesn’t know what will exactly happen.
Singapore Prime Minister (PM) Lee Hsien Loong made climate change as a key talking point during the latest National Day Rally.
It’s for good reason.
Our planet could be on a global tipping point and action is needed.
Thankfully, some blue-chip companies are making moves in support of a sustainable world. Saket looked at five of them this week.
Meanwhile, Chin argues that a key business characteristic – pricing power – matters more than many of its other strengths.
Join him as he explores the last three years of Carlsberg Brewery Malaysia’s (KLSE: 2836) business. The stock has delivered over 100% in total returns for members of recommendation service that he used to run together with his team.
We are days away from revealing our plans for the new year. Spoiler alert: we think 2020 is going to be awesome.
Stick around. We’re almost there.
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None of the information in this article can be constituted as financial, investment, or other professional advice. It is only intended to provide education. Speak with a professional before making important decisions about your money, your professional life, or even your personal life. Please refer to the individual articles for stock ownership disclosures.