• Kenny

The last time I saw crude at these price levels was in 2008

The last many weeks were becoming to feel like the GFC days in 2007-2008. I distinctively remember crude trading at USD140+. Governments all over the world were raising interest rates and borrowing costs and yet share prices kept rising. I had just started my career not long in an accounting firm. It was a bull market on the run and even I could feel it in the office as waves after waves of my colleagues 'jumped ship' to the investment banks.

Then it just happened very quickly - oil prices collapsed to $36, Lehman Brothers went under and there was even talks of some insurance companies being 'too big to fail'. I remember the emptiness in the streets in Raffles Place and recently it is becoming to feel that way again - except that this time, it seems that no amount of money put into the economy can 'save' the situation. The world needs a 'cure' and money does not seem to be the solution.



Sunday, October 18, 2020

In 1990, a psychologist quoted in the New York Times reported that people “turn on the TV when they feel sad, lonely, upset or worried,...

Sunday, July 26, 2020

Good investors are first and formost by nature: business people. They should be entrepreneurs, owners of businesses or have been placed...

Thursday, July 23, 2020

IB isn't only about late nights & number crunching, but also the toxic & condescending environment one has to put up for many years to come.

Saturday, July 4, 2020

There’s nothing you should regret in life - all the good things that you have today are a result of everything that has happened....

Wednesday, March 4, 2020

Money is the one thing that you can always replace any time or at some point of time in the future - money is just money.

Friday, August 2, 2019

More than three years since I started out, I discovered a new-found respect for the many areas of businesses which are presumably...

Wednesday, December 31, 2003

Learning, knowledge and staying up to date with the news and what's going on in the world is your own personal responsibility. The same...


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