Hi, my name is Chris Lee Susanto – you can call me Chris! I’m the Founder of Re-ThinkWealth.com (Est. 2015) – A Value Investing and Options Selling Blog and Course Founded in Singapore!
Welcome to my humble blog! 🙂
I Specialize in profiting using mispricing based on the methodology of Value Investing and Options Selling for the U.S. stock market. And I am planning to leverage on these two methodologies to run my equity fund in the future.
What do you think value investing is? Do you think it is a sustainable method to profit from the stock market in the long run? I for one am of the belief that it is a sustainable method to profit over the long run from the stock market.
Fundamentals of a company is the life vest in the irrational world filled with speculators we often live in. Investment is most intelligent when it is most businesslike.
On top of having beaten the S&P 500 return since I started investing in the stock market using value investing & options selling, I also mentor people selectively on a 1:1 basis here.
Life-changing quotes I abide by:
“Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market.” – Warren Buffett
“Knowledge changes fate.” – Li Ka Shing
“It’s pretty easy to get well-to-do slowly. But it’s not easy to get rich quick.” – Warren Buffett
“Never depend on single income. Make investment to create a second source.” – Warren Buffett
How should a value investor think about buying a stock based on Warren Buffett?
“An investor should act as though he had a lifetime decision card with just twenty punches on it.”
“It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.”
“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”
“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”
“You can pay too much for a wonderful business. There is a price where we could have paid too much for See’s Candies and it wouldn’t have worked out well as an investment.”
“Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.”
“Value investing is about estimating and valuing future cash flows, not about how low a Price to Book or a Price to Earnings ratio is for a stock.”
“We are comfortable holding a lot of cash because we are operating on the assumption that we will have an opportunity to deploy it at very attractive rates.“
How should a value investor think about selling stocks based on Warren Buffett?
“We sell really when we think we’re reevaluating the economic characteristics of the business. We probably had one view of the long-term competitive advantage of the company at the time we’ve bought it, and we may have modified that. That doesn’t mean that we think the company is going into some disastrous period, or anything like that. We think McDonald’s has a fine future, we think Disney has a fine future, and there are others. But we don’t think their competitive advantage is as strong as we thought it was when we initially made the decision.”
“The stock market is designed to transfer money from the active to the patient.”
“Time is the friend of the wonderful company, the enemy of the mediocre.”
“Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”
More intelligent value investing quotes can be found by clicking here.
Welcome To The Re-ThinkWealth Experience!
What Makes Re-ThinkWealth Different?
- We provide only the highest quality articles from real-life practitioners focusing on value investing and options selling. These practitioners must already manage a sizeable amount of money.
- 100% guarantee that our articles are never outsourced to any third party. It is common practice in this industry to pay someone to write, with a minor edit, they pass it as their own.
Who is Re-ThinkWealth For?
- For Singaporeans and anyone around the world who have 0 to little experience in stock investing
- And is looking to learn a way to sustainably generate consistent passive income to grow their wealth for decades to come
- Believes in long-term time horizon (at least 3 years) and using only spare cash (not borrowed money) to invest
Get Started With These Articles!
What is Value Investing? – An article I wrote for Value Walk describing in summary what exactly is value investing.
The 100+ Most Intelligent Investing Quotes of All Time – I love quotes. Especially quotes by value investors who had been wildly successful at managing their funds. The list is consistently updated.
Here’s My Opinion on Bitcoin – I predicted that Bitcoin is not an investment worthy asset more than a year back on 8 December 2017.
Value Investing And Behavioural Finance – An article I wrote about value investing and why understanding behavioral finance is important too.
The Intelligent Investor Summary (Ultimate Guide) – A very popular article from my site that summarizes concepts of value investing from the father of value investing, Benjamin Graham.
About Chris, Founder at Re-ThinkWealth.com
I’m the Founder of Re-ThinkWealth.com & Lead Trainer at The Value Investing Mentorship Club™.
I love watching meaningful movies, eating good food (especially spicy ones!) and catching up with friends over a good cup of coffee.
I also love reading. Some of my favorite books include The Intelligent Investor by Benjamin Graham, How to Win Friends and Influence People by Dale Carnegie and Principles by Ray Dalio.
For news source, I like CNN, Channel News Asia and Straits Times. I am also subscribed to The Wall Street Journal and read it daily.
Where I Could Be Seen Writing and Speaking At
In my free time, I guest blog in renowned U.S. fund focused investing websites & Singapore sites such as:
- Value Walk
- The New Savvy
- Investment Moats
- Forever Financial Freedom
- Dollars and Sense
Sometimes, I accept invitations to share my value investing and options selling knowledge based on real-world practice:
- I was invited to speak on the art of value investing for students from Strategos in NUS Tembusu College (2017)
- Invited to share on entrepreneurship and investment for a graduating Diploma in the Business cohort at Singapore Polytechnic (2017)
- I was invited to be a mentor in the Youth Innovation Challenge organized by Singapore Management University (SMU) Institute of Innovation & Entrepreneurship (2018)
- Invited to share in Singapore Polytechnic to speak to a group of graduating Banking students on How Traditional Investments Vehicle/System Will Be Further Disrupted by Fintech (2018)
- Shared about my thoughts on value investing at The Raygacy Show (2018)
- Featured in the NUS Investment Society Year Book sharing about my experience applying value investing to generate above market returns. I was featured along with David Gerald, Founder, President & CEO of Securities Investors Association (SIAS, Singapore) (2018)
- Invited to speak on a Spotify Podcast at The Sakif & Stephen Show (2019)
- Invited to speak on how to use fundamentals to forecast recession and therefore gold prices in Myanmar, on behalf of TPS Limited (2019)
My Value Investing Philosophy
- Charlie Munger’s two-track analysis
- Warren Buffett’s value investing philosophy
- Multi-strategy of buying and selling stocks and options
My Value Investing Specific Actions
- Buying stocks using bottom-up strategy
- Selling stocks at a multi-bagger gains
- Selling stocks at a loss and convert the proceeds to buy call options to gain same exposure as previous (limit downside, max upside within a time period) and using the cash to sell put options for another stock
- Selling call options
- Selling put options
- Buying call options
If you are keen to engage me to speak or exchange investment ideas with me, please feel free to email me at email@example.com.
The Interview by The Raygacy Show Below is Done 1 day Before I Turned 25 Back in 2018. Have a Watch 🙂
Note: The image shows the investment return performance if you have put your money in the S&P 500 and in my united states stock portfolio. They are calculated using a net asset value principle using the time-weighted factor of the deposit and withdrawal of funds (if any). It includes all realized profits from past capital gains, options premiums and dividends and current unrealized overall portfolio profit/loss.
25 February 2015 was the first day that I put in money in my US brokerage account. The start of the tracking date of my relative annualized investment return is seven days after I first put money in my US stock portfolio brokerage account starting on 1 March 2017.
This is for ease of tracking as the S&P 500 total return tracking date starts at 1 March 2017 – and do not have 25 February 2017. I used the S&P 500 total return as a benchmark which is inclusive of capital gains and dividends.
Subsequently, the additional deposits date – an important factor in calculating the annualized investment return – are considered in counting the XIRR (relative average annual compounded gain return).
Disclaimer: The figures here are an approximation based on my personal calculation at spot exchange rate at the time of the trade and may not be 100% accurate.
What some people say about me:
“Chris has the Value Investing gene in him. I have seen his Impressive Investment Analysis in action. I believe that All Value Investors Will Benefit by listening to his insights!” – Justin Tjoa, Co-founder and CEO of Algo Merchant Pte Ltd
“Great guy. Mature for his age and Good Insights. Would Recommend that People Subscribe to His Newsletter – useful!” – Kevin Lim, Associate Director – Portfolio, Strategy and Risk Group at Temasek Holdings
“I’ve been very impressed with Chris as someone who sets goals for himself and works hard to realize each of them. In particular, he’s impressed me with his knowledge of the finance world – particularly Value Investing and Options Selling – and I have found his Investing Newsletter to be Very Informative. He’s also a genuinely pleasant and gracious person – and very grounded – someone I enjoy talking with whenever the opportunity arises. I’m excited to see where life is going to take Chris – what opportunities will come his way – I believe his level of initiative is going to take him far.”- Tom Estad, Ex Academic Director, SUTD-SMU Dual Degree Programme at Singapore Management University
If you wish to know more about my 1:1 consulting & mentorship service, click here.
If you have no clue what value investing is, I highly recommend that you subscribe to the free mailing list first. I will send you a series of emails that will improve your knowledge further.
My Blog Articles – Your Ultimate Resource for Smart Value Investing & Options Selling Insights
Starbucks is a company that needs not much introduction. I am sure that most of us have drunk Starbucks coffee before. And many of us have studied or did some work or caught up with a friend there. Starbucks is a familiar company that is in almost every airport around the world. Their story though started back in Seattle […]read more
I do admit that a business is nothing without goals, hopes, and dreams. A successful business requires the founder to have a vision and to be able to turn that vision into reality. A successful business is one that has managed to turn hopes and dreams into reality. And by reality, I mean cash. Cold hard cash. Think Apple, […]read more
Qualcomm is the company that supplies phone makers like Samsung, Xiaomi, Huawei, Apple chips so that their phone can be a “smartphone.” Different chip suppliers will have different chips. And just by having a different chip, the performance of the phone can vary greatly. I am vested in Qualcomm since 24 January 2018 at an average price of about $53. Here are the […]read more
1. Soccer is very unpredictable – The ball is round. as of 28 of June 2018 in the qualifying round, Germany is out of the world cup. Who could have predicted that? Not UBS and Goldman Sachs, that’s for sure, who predicted Germany would win the cup and go to the final respectively. 2. The more the potential payout, the lesse […]read more
24/3/2017 Was The First Time I Bought GameStop: About Time a Private Equity Firm is Interested in it!
Because the fact is that today, it is reported by Reuters that GME has received buyout interest and is holding talks with private equity firms about a potential transaction. Seems like Sycamore Partners – one of the PE firms that have expressed interest in GME agrees with my conclusion and analysis that GME is mispriced […]read more
Sony is at an inflection point after years of restructuring. Having shed and restructured loss-making business units, it comfortably exceeded its 2014 medium-term plan to deliver an ROE of 10% and operating profit of JPY500bn in FY17. The company is seeing a number of tailwinds for games, music, and the semiconductor segments […]read more
First, we must understand that business conditions are dynamic. Occasionally, different cycles will cause earnings to fluctuate up or down and it affects the business’ ability to pay out dividends. As investor, we must never have the expectations for dividends to remain the same forever […]read more
Today, I want to talk about the role of synergies in M&A. And is it reliable enough for companies to pay a premium over market value because of it?
I for one think that this is a very important topic to discuss for both investors and business people alike. Simply because people tend to be over optimistic of the future and […]
Warren Buffett often talks about intrinsic value. But what exactly is an intrinsic value? Knowing what is intrinsic value is the FIRST step for any aspiring investors who want to be a practitioner of value investing. UNDERSTANDING what is intrinsic value is, of course, the second step for aspiring value investors. Because […]read more
Yesterday’s was Qualcomm’s release of its quarter 1 2018 results. You can view its SEC filing here. It is for the quarterly period ended March 25, 2018. A short background, Qualcomm is simply the company behind most of the smartphones that we are using – in terms of the chips or you can call it, the “brain” […]read more
The stock hit fresh near 13 year low despite the company doing pretty well during the earnings call on 28 March 2018. It closes at 10.39% down. It is not an easy day for any GameStop holders (except the short sellers), from my end, I am thinking where I could have gone wrong – or is the market wrong. I am more than willing to […]read more
Despite the increase in sales and the beat in earnings from analyst estimates, their profits are still down 11.4% year on year basis on the adjusted diluted EPS portion (from $3.77 to $3.34). However, $3.34 is near the top of the management guidance for FY2017 – and the focus on improving the trade awareness where […]read more
Having a long-term view is important in stock investing. And the reason is not just because many of the world’s most successful and richest investors such as Warren Buffett and Seth Klarman say so. “If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” – Warren Buffett […]read more
As of the market close on 11 January 2018 at $19.96, I am at a 7.81% paper gain excluding of realized gains I received via dividends and options premium. And GameStop consists of 30.80% of my portfolio – second on the list – with the first being Qualcomm at 40.60% of my portfolio. Naturally, going down to GameStop stores in New […]read more
This year, the stock market rally would have given many investors with a good profit – the Dow (top 30 company in the united states stock market) up 25%, S&P 500 (top 500 company in the united states stock market) up 19% and Nasdaq are up 28% this year. And I think it is maybe time to be cautious. Or I should say, cautiously […]read more
Bitcoin is a currency that was founded/discovered pretty recently in 2009 by a person (still unknown) using the alias Satoshi Nakamoto.The good thing about transacting using Bitcoin is that there will be no middleman required to do the transacting. There is also no fees tagged to transacting with Bitcoin and no requirements […]read more
Moat is important because it protects a company from losing their market share easily which will erode its earnings power over time. This is important for us as investors because we would want the company we invest in to have its earnings grow over time – then the share price will follow – and not the other way round. So, we […]read more
25% of their stores have already been turned to GameStop plus format which is a 50–50 combination of games and collectibles. What is interesting here is that despite lesser space to put video games, they actually see an increase in video games sales. This got to do with the new types of customers that these […]read more
Clearly, GameStop management is aiming to reduce reliance on selling video games and pre-owned games by reducing the store counts for this two — while increasing the store counts (as you can see from the chart above) for Collectibles and Technology business (which is currently still at 5.7% and 9.5% of their overall revenue). I think that it is a step in the right direction as even though the collectibles and technology business only accounts for 15.2% of GameStop’s revenue for 2016, it accounted for 36.9% of GameStop’s total […]read more
[…] Not a true cash flow as it excludes CAPEX and working capital. D&A may be added back to net income when calculating cash flows, however, this implicitly assumes that no additional CAPEX is required. A more refined multiple is EV/(EBITDA – CAPEX), though no news source reports this […]read more
Investing Lessons [Advanced] Determining Value: Why Price Is Meaningless, and Multiples are Informative Bryan Wang, Re-ThinkWealth Content Expert 23 September 2017 One of the typical responses people give when talking about stocks is..."What's the price?" In the...read more
Investing Lessons [Beginners] 10 Mistakes an Investor should Avoid Benjamin Tan, Content Expert, Re-ThinkWealth 1 September 2017 Every investor has their own investment philosophy and discipline. Each philosophy has its own merit and what is important...read more
Investing Lessons [Advanced] Value Investing And Behavioral Finance Chris Lee Susanto, Founder and CEO of Re-ThinkWealth 15 July 2017 SUMMARY: Value Investing is inevitably linked to Behavioural Finance Value Investing is a stock methodology practised by many...read more
Options Selling Options Selling Strategy – Wk 4 June 2017 [Keryx Pharmaceuticals (NASDAQ: KERX)] Chris Lee Susanto, Founder and CEO, Re-ThinkWealth 24 June 2017 SUMMARY: Options are a form of financial derivatives Options selling strategy have...read more
Chris Lee Susanto often travels to and fro Singapore and Jakarta.