The past couple of months have been daring to say the least. The big mistake was to walk away and not pick up some true investor bargains. Today I reflect some on this volatile period along with comments on valuation.
All mutual and other institutional funds have a real handicap -yet this is rarely if ever explained. Here today I do so to compliment the just previous member posted article here; which proves smaller cap's outperform and then some, over time.
Many Thai stocks -as I here argue and demonstrate- are at superb if not record low valuation levels. This as viewed from the rational investor stand point. Unless the town burns down value stocks on the SET have to be a...
So called Thai property and infrastructure funds can & should have broad appeal to Thai savers which want higher dividend income, diversity and relative stability of principal.
Yet neither the brokers nor the press give them enough attention.
Political changes are coming to Thailand and if this takes hold a new better more professional government may well emerge. In the meantime the West just keeps muddling along, likely for some years more.
The view remains to just sit tight which is consistent with the long term stated investor objective. Market malaise is meant to discredit the impatient.
Rumor driven speculative action are for amateurs -or worse. They are suspect and frowned upon here. If any member hears news on one of our stocks which seems to have substance and be legit its OK to share, but must always be dealt with a grain of salt.
