Darco, Sunmart, Singapore Windsor

Remember reading in this column a gentleman by the name of Robert Alexander Stone who is a value investor. He owns a large stake in Darco, Sunmart and Singapore Windsor. Darco and Sunmart are now suspended. What lessons can be drawn?

There may be a couple of bad eggs in one's basket. The key thing is to have lots of good eggs. I think that's how Robert Stone made it to tens of millions of dollars in net worth.

I will never forget a related observation that Cheah Cheng Hye shared in this article CHEAH CHENG HYE, 'Warren Buffett of the East'

“We are far from infallible. I’ve done a study of our decision-making process going back to 1993 and found that one third of the time, we made mistakes. One third were good moves and one third were neutral.”