So the latest in Singapore is that thanks to horny men, we have a new wave of COVID-19 infections that have spread from the KTVs. Honestly, I blame the lack of oversight of the KTVs that applied to convert to F&B outlets. I mean, how could you issue a nightspot a food and beverage license without making sure that they were indeed going to convert their premises to a legitimate F&B operation? Wouldn’t it be quite suspicious to see a KTV still looking like a KTV instead of a cafe or restaurant?

The other ridiculous thing is how the hostesses at these KTVs managed to enter Singapore in the first place (all(?) of them were on Short Term Visit Passes). I sorely blame the nerds at the respective government agencies who obviously have no knowledge of the seedy side of Singapore.

Photo by Mikes Photos on

An Investing Truth: Roughly 80% of Stocks Are “Duds”
(Risk Hedge)

Ok, it’s ironic that this post starts off with how most stocks will be duds but then goes on to sell a stock-picking service so please ignore the later part of the post. More importantly, the data shows how difficult (no matter what any so-called “guru” might try to tell you) it is to be a stock-picker.

If someone tells you that he/she can pick stocks, ask to see their portfolio of picks. Picking one stock successfully is an anecdote. Seeing their portfolio is data. If their track record isn’t longer than one market cycle, tell them to come back later.

Too Smart
(Collaborative Fund)

A gentle reminder to always remain humble.

Maybe Singaporeans should just lie flat and give up on their ambitions ?
(Growing your tree of prosperity)
From FIRE To “Tang Ping”

A Singaporean “tang ping” two-fer. As far I can tell, “tang ping” seems to be China’s version of FIRE or minimalism. Maybe the biggest difference seems to be that “tang ping” is about giving the middle finger to capitalism and finding an alternative to survival.

To be honest, it’s going to be pretty difficult in Singapore where there’s a pretty much non-existent social safety net and every resource you can think of is not free to use. For example, I can’t imagine finding a piece of land that you could use to grow crops and be self-sufficient without paying rent.

I guess the feasible combination would be staying rent-free with your parents, doing occasional odd- or freelance jobs when you feel like it, getting free food, and dumpster diving.

Why we lose track of spending in a cashless society
(Tim Harford)

Yes but my follow up would be whether all the fintech innovations will be able to bring this back into focus? Take for example DBS. Their ibanking app now has a feature where it automatically tracks all my spending and breaks it down by category (not 100% accurate though). It even gives me an option to set a limit on spending where I suppose it will provide me some sort of notification once I’ve spent more than the preset amount in that category.

To be fair, I don’t need these kind of budgeting features but for someone who can’t control their spending, perhaps it’ll be helpful. It’ll be interesting if they do a study on the usefulness of these features.