Worst and best bets

The Straits Times - - FRONT PAGE -

Q What has been your big­gest in­vest­ment mis­take? A My worst in­vest­ment was in 2009/2010 and it was in com­modi­ties. I did not have time to pay at­ten­tion to the com­modi­ties melt­down. I would rather not say how large it was, but let’s say that I would have been bet­ter off buy­ing a third prop­erty in­stead.

For­tu­nately, I have been a good pri­vate eq­uity in­vestor. Many of the classes that I took at Booth were strong build­ing blocks for my suc­cess as a pri­vate in­vestor.

My tip is to al­ways go back to the dis­counted cash flow valu­a­tion method and un­der­stand in de­tail how a com­pany plans to make money.

If you don’t have time to man­age your fi­nances or in­vest­ments, it def­i­nitely makes sense for some­one pro­fes­sional to do that for you. Q And your best in­vest­ment? A My best in­vest­ment has been Go-Jek. I feel for­tu­nate to be part of such a mis­sion-driven com­pany where so­cial im­pact is not cor­po­rate so­cial re­spon­si­bil­ity but a core com­po­nent of our strat­egy.

Lorna Tan

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