Singapore Exchange (SGX)

[weijian]

The expectation on SGX, is moving from a regulator, to a master with perfect insight, that able to "pick" losers out from the listed market? Wow...

The current reading of mine, is on macro-economic. It is the same as saying, planned-economics by a group of elites, are able to produce better result, than a regulated yet relatively free market. 

I am skeptical on the proposal

(not vested)

Having 'planned economics by a group of elites' sounds REALLY familiar in the SG context Is such 'Big Daddy should take care of everything' syndrome an extension of how well sheltered Sporeans have become?

Many OPMIs do not seem to understand that the Market was made for companies, and not for investors. The first stock market was created because a couple of limited liability partners wanted out of a business venture (it was supposed to last for a limited period of time but liquidation took longer than planned) and had to sell their share of holdings to new patsies. The Market is primarily designed for companies to raise $ to expand + insiders to cash out, making money for OPMIs is only a by-product (a welcomed one nonetheless).

For net cash companies, markets have already spoken. It is pretty well known that the collective wisdom of crowds generally outperform the individual's, of course unless the individual is an outlier or an insider. Ben Graham might have really had a good time picking on net-nets some time back, but in these days, the number of CFA/MBAs and the speed of dissemination of information are about 1000x more?