My investment process is pretty simple but not easy to follow.
The hardest part is likely to be against the crowd.
Buy when others are Selling.
Sell when others are Buying.
Sounds like déjà vu? (:
To me, sound investment principle should stand its ground against the time.
Time may be different, strong investment principle remains the same.
This week, Indonesia main stock index (IHSG) has reached another record high.
By and large, it shows a rather grossly expensive market.
The Indonesia potential is there (as have been and always) and Mr. Market for once has recognised that and much more.
The expectation is (overly) high and with it, the risk of falling short.
It is not unlike the potential young footballer scored a goal in SEA Games and suddenly everyone expected him to bring Indonesia to World cup glory.
We can guess how this story ends. (more…)