Risk and Rare Events

Risk does not necessarily mean it will happen.  It means it has the probability to happen as a range of outcomes.  Because among those outcomes only one will materialize, people often forget and/or underestimate what might happen. We separate risk from uncertainty.  Uncertainty is measured by variance or standard deviation. …

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What is the most important thing to an investor?

In life, sometimes we go through a series of periods between lack information and too much information, thus our perspective and thinking are not correctly formed and clear to answer important questions.  When I started to work at Vietnam Investments Group (VIG), when joining any deals, we research everything possible about …

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Market, product, and management team

One of my most remarkable realization in business in the year of 2013 is that when a deal unites these three pillars into one, it is more likely to be a good deal.  Seems simple – but it took me time, efforts, observations, and other people’s money to learn it …

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Some random things about investment

Some random things I keep about investment. From a retail investor perspective. 1. Invest with a system. This is why an investor can success in this journey. It is damn hard to build one, but I know no person thinks about investment setiously and say it is an easy game. …

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