The Bull Hunter – Dan Denning
This book is very meaningful to me. I remember in 2006, me and a friend just went over to DBS building there to just open a DBS Vickers account together (but not joint). After some time, my friend bought this same book and passed it to me for reading. I browsed a bit and realized that this book is not ‘locally contexted’ and hence dismissed it, saying that it’s not suitable for Singapore.
Who would have guessed that years later, in 2008, I was actually looking around in library for this book? I read and found out big my folly is. The book was written back in 2004 but the prediction and forecast are uncannily accurate. It detailed, among other things:
1. The dollar crisis of America
2. Sub prime crisis
3. Rise of China and India (esp China)
4. Rise in commodities like oil, gold, metals, soyabean, corns
I found it amusingly when the guy predicted that oil will one day rise to USD 100 per barrel. You can guess how much the price of oil overshot this forecast by now.
That was back in 2006, when I’m still new and ready to stand in front of a bear charging at me and thought it was a bull. Atlas, even if I had read that book back then, I doubt I would have the maturity and experience in me to really treat this book as it is. That’s life – cest la vie. But life is to be lived forward and understood backwards, so there’s no point regretting not reading the book when fate had thrown it to me earlier.
I particularly liked his insights into China and India. His general rule when investing in emerging markets will be this: Buy the biggest financial, energy/resource, telecommunications companies in these areas and you pretty much had the biggest growth area. I totally agree with him. Looking at china mobile, singtel looks a tad insignificant. M1 or Starhub must be like how Singapore looks like when one is looking at the world map of telecommunications.
The author recommended ETF as a cost efficient and safe way to invest, though he also mentioned that if one is savvy enough, individual stock picking can also be done. The key point here is that bull markets occur somewhere, one just have to open one’s eyes for opportunities. Just like when one place is daylight, another place falls into darkness, bull and bear market will chase each other till kingdom come. The important question when facing a bear market is this – are you investing in the right asset class?
An excellent book, this one is for me. It had truly come one full circle back in the days when I first came to know of the book in 2006.
Stumble it!
Who would have guessed that years later, in 2008, I was actually looking around in library for this book? I read and found out big my folly is. The book was written back in 2004 but the prediction and forecast are uncannily accurate. It detailed, among other things:
1. The dollar crisis of America
2. Sub prime crisis
3. Rise of China and India (esp China)
4. Rise in commodities like oil, gold, metals, soyabean, corns
I found it amusingly when the guy predicted that oil will one day rise to USD 100 per barrel. You can guess how much the price of oil overshot this forecast by now.
That was back in 2006, when I’m still new and ready to stand in front of a bear charging at me and thought it was a bull. Atlas, even if I had read that book back then, I doubt I would have the maturity and experience in me to really treat this book as it is. That’s life – cest la vie. But life is to be lived forward and understood backwards, so there’s no point regretting not reading the book when fate had thrown it to me earlier.
I particularly liked his insights into China and India. His general rule when investing in emerging markets will be this: Buy the biggest financial, energy/resource, telecommunications companies in these areas and you pretty much had the biggest growth area. I totally agree with him. Looking at china mobile, singtel looks a tad insignificant. M1 or Starhub must be like how Singapore looks like when one is looking at the world map of telecommunications.
The author recommended ETF as a cost efficient and safe way to invest, though he also mentioned that if one is savvy enough, individual stock picking can also be done. The key point here is that bull markets occur somewhere, one just have to open one’s eyes for opportunities. Just like when one place is daylight, another place falls into darkness, bull and bear market will chase each other till kingdom come. The important question when facing a bear market is this – are you investing in the right asset class?
An excellent book, this one is for me. It had truly come one full circle back in the days when I first came to know of the book in 2006.
Stumble it!