6 Things You Might Have Missed in @Fattycat’s AMA

The interview was only half the story. Over three days and 257 replies, @Fattycat went further in the comments than he did in the article — including:

• the one question he asks himself before he cuts a loss
• the night a leveraged Brexit bet took his account to zero
• the “guru” workshop he paid for — and what the guru was really doing

Here are the 6 answers worth saving. Short on time? Just read the bold lines.

Six Answers Worth Saving

1 Has the business changed, or just the price?

🏆 Best Question — asked by @Shyon : How do you tell “the market is wrong” from “I am wrong”?

“If revenue, cash flow and debt are still healthy, the market is temporarily wrong. If the fundamentals have deteriorated, it is my own judgement — I cut loss and move on. Pride has no place in investing.”

2 Keep high-risk trades in a separate, small account.

Asked: Have you ever broken your own rules?

“During Brexit, one big leveraged bet took my account to zero. Now, if I lose, it doesn’t affect me emotionally. But please don’t follow my example.”

3 If a guru is so good, he won’t be around to sell his strategy.

Asked: Should I pay for a course or follow a guru?

“I once paid for a guru’s workshop and signals group. He bought first, then sold once everyone followed his call.”

4 Higher yields push REIT prices down — but not overnight.

Asked: Does the US 10-year Treasury yield affect Singapore REIT ETFs?

“Higher yields shrink the yield spread, raise borrowing costs and lower property valuations. Falling yields do the opposite. Watch the yield spread for a quick gauge.”

5 Bet small, verify, then build.

🏆 Best Question — asked by @Legengar : Walk us through a company you passed on vs one you bought — and how did you size it?

“Red flags first: if inventory turnover is slowing, I need to know if it’s temporary or permanent. Green flags are consistent free cash flow, healthy margins and low net debt. Then I start with a modest first tranche and buy in stages. Rule #1 isn’t ‘never buy anything risky.’ It’s ‘never bet big on what you don’t yet know.’”

6 Never assume a Temasek-backed company is risk-free.

🏆 Best Question — asked by @MsPow : What’s one high-conviction investment you got wrong?

“Some of my early convictions were delisted, went into liquidation or barely moved in ten years. My lessons: no more small caps, keep following up — and anything can fall, even Temasek-backed companies.”

📖 Want the full picture? Click here to read the full interview and every reply.

🏆 The Winners

Captain Leo’s 3 best questions are marked 🏆 above — congratulations to @Shyon, @Legengar and @MsPow. Each wins a SGD 2 stock cash voucher.

✅ Task Coins have been fully issued. Vouchers will be sent to your account within 2 working days — claim them at “Me” > “My Rewards”.

THANK YOU, @Fattycat

For three days of late nights, 257 replies, and for being honest about the losses as well as the lessons. You set the bar for every episode that follows.

Next up · Episode 02

Guess Who’s Next?

Our next guest is someone many of you already read.

Bridgers’ Stories · Episode 02 — who is it?

📅 Episode 02 goes live on 2 Oct · AMA runs 2–4 Oct, 23:59 SGT

Think you know who it is? Drop your guess in the comments — the first 5 members to guess right, and tell us what gave it away, win an extra 100 Task Coins each. We’ll reveal on 2 Oct.

DISCLAIMER

The views from this post are the Longbridge community members’ own and do not represent the position of Longbridge or its affiliates. Nothing here is investment advice or an offer to buy or sell. CFDs are leveraged products and carry a high level of risk. Markets carry risk — do your own research.

No fee was paid for this interview. The guest and participating readers are eligible for community incentives as described above.