My good friend Zico has been in the equity portfolio management business for over 30 years but his zest is certainly not lost. I would define him as a forward thinker and a little ahead of time which would make him a freak amongst some of his peers who prefer to stick to traditional methods of stock picking.
Thus I can understand his frustrations when he launches a tirade every now and then when his views are not accepted by his mates in his age group.
With his kind permission I am publishing a little rant he mailed to me yesterday which hopefully gets the load off his chest.
Asia’s FIRST Expo for Property Investing & Crowdfunding. http://www.youtube.com/watch?v=Y82jvMV2Rxk
2. We may miss the trees for the forest if we stick to basic textbook analysis of equities. Eg. Tencent’s P/E ratios.
3. Trends are developing right now and I can think of many opportunities in retail e-commerce, environmental science, energy and commodities.
4. Investing with long term objectives to capitalise on the macro trends may yield just as good a reward as a private equity venture.
5. Lastly, individual stock picking is still important despite the surge in broad sector ETFs and the new and popular mass allocation portfolio methods.