Value Investing in Asia

Chapter 5Using the Right Process

Trust the process. Your life won't change in a day, week or month. Be patient. It takes time.

— Anonymous

When it comes to investing, it's simple to say that successful investing is all about finding the right companies (call us Captain Obvious). Yet in reality, the challenge lies in being able to consistently identify great investments and at the same time avoid huge losses. Hence, having the right process is crucial for long-term investors.

Well-known investors in Asia include:

• CHEAH Cheng Hye – Value Partners Group Limited¹
• TENG Ngiek Lian – Target Asset Management Private Limited²
• WONG Kok Hoi – APS Asset Management Private Limited³
• Hugh YOUNG – Aberdeen Asset Management Asia Limited⁴
• TAN Chong Koay – Pheim Asset Management (Asia) Private Limited⁵
• YEO Seng Chong – Yeoman Capital Management Private Limited.⁶

If you do a search on famous investors such as those in this list, you will come to realise that each of them invests with varying strategies, and very often in very different companies too. Nevertheless, all of them are successful in their own right. Why? We believe it is because they stick by a structured investment process that consistently works for them.

Hence a well thought-out investment process is important to ensure our long-term investing success. A sound investment process gives us an advantage of minimising unforced errors. With the compounding nature that comes with investing for the long haul, more money saved leads ...