As many would be familiar by now, trading at SGX halted at 11.38am on last Thursday.
It is reported that the cause was due to a "hardware issue".
However, as a long term investor, the outage did not bother me one bit. While i kept abreast of the news, it mattered little to me whether there was active trading or not.
Of course, this does not diminish the pain of shorter-term traders who live by every tick of the market. I can see how the exchange shutdown will hurt them. However, this method of investing does not square with my current investing philosophy.
As Warren Buffett famously said:
Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
Are you confident with your purchases?
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