Lumiere Capital's Victor Khoo and Wong Yu Liang are my idols - at age 33, they managed a fund with an AUM of $31 m - now, that is an indecent amount of money to manage at such a tender loving age.
By employing a strategy of deep value investing, where they purchase "deep-value" companies with good growth potential that are "under the radar" of instituiional investors, they made their first million from stocks before 30, and have managed to grow their fund form $5 m in 2007 to $31 m today. Amongst other things they are prepared to hold their stocks for three to five years, and are unafraid to invest during the financial crisis in 2008. According to them, by value investing, or buying when prices are low, they are more able to take advantage of volatility later on when it took stock prices higher. They expect 2011 to continue to be volatile, and are confortable, since they are value investors. They are now long on Food Empire (Sin), Changan Mingsheng APLL (CMA) Logistics and APT Satelite (both HK).
Now, I must say it is not quite possible to be like them, since I lack the research skills and time to delve into "unknown" companies. But I can still be a value investor by sticking to well-researched big guns. Just develop the guts to buy them whenever they go on fire sale (like now). But one day, I want to be a professional investor like these two young men. And make an indecent amount of money.
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