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
Our Latest Blog Post
In this thinking fast and slow book summary, I will explain to you the various human biases that we have and why it is important for us as investors to understand it. It all begins with a simple premise that we all have two systems in our brain, system 1 and system 2 […]
I chanced upon an edited transcripts from Guru Focus of an interview of Munger and Li Lu in one of China’s top finance magazines. Here are the 7 investing lessons I learned from Charlie Munger and Li Lu’s interview: 1. In investing, patience is very […]
As value investors, a lot of us talk about investing for the long run. But what does investing in the long run really mean? As a value investor, I have had companies that I made over 50% in less than 6 months because that company I owned got acquired. I have also had companies […]
Just finished rewatching all 95 episodes of The Romance of The Three Kingdoms – Although this is a classic Chinese historical war movie that is likely dramatized, there are a lot of lessons to be learned from it – for value investing purposes.  No matter how good we are or how much […]
Today I want to share with you my thought processes when I first initiated a position in Care.com (NYSE: CRCM) on 28 May 2019 – and less than 6 months later on 20 December 2019 – overall at an average cost of $10.07, I sold off all of it at $15.05. My valuation for care was higher than […]
Compound interest is very powerful. It is the interest you get on top of the previous principal + interest you already got. Here are 3 actions you can take to make the best use of compound interest: Invest early – the earlier we invest, the more powerful the compounding effect […]
Peter Lynch’s one up on wall street book was one of the first investing books that I read. I probably first read the book when I was about the age of 20 or 21, and now, after about five years in the market, I can tell you that the lessons hold. Who is Peter Lynch? Peter Lynch is a legendary […]
This is a guide to help stock investing beginners to start their journey investing in stocks in Singapore or anywhere around the world. The purpose of this guide is to share with you some of the general mindsets, philosophies, guides – information that I […]
You might know Warren Buffett from Berkshire Hathaway as a stock picker. But not many people know he has made a lot of money by selling put options. In this article, you will learn […]
On top of his investment, Chris finds that having the habits to meditate helps him make better decision not only in life, but in the stock market as well. This is a picture of Chris winning first place in a 2019 Buddhist Lessons Sharing competition in Jakarta.
Investment Track Records (Updated Quarterly)
Equities & Options [Value & Growth Oriented, Bottom-Up Approach]
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.
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.
Here are some of my favorite movies that I learned valuable value investing lessons from:
The Big Short – sometimes big ideas can take time to prove if we are right or not. And when we are right, we have to claim the profits in order to get rewarded.
Heavenly Sword and Dragon Slaying Sabre (2019) – This is an old martial arts movie that has been remade in 2019. I learned a lot from this movie, the key lessons being the fact that we have to be kind and learn to forgive others – no matter what they have done to us. Not being attached to material things and the value of being competent in our craft are two strong combinations to a happy life.
Betting On Zero – In this movie Bill Ackman was too emotionally vested in shorting Herbalife. It teaches me to be careful of being too confident in our idea. And also, the value of being low-key.
Three Idiots – The value of lifelong learning and curiosity that should not be bound simply by formal education and titles and traditional norms. Following our dreams and excelling at it is more important. Find a passion that we want to work hard towards. In investing, we should work hard, and apply what we learned – hopefully to outperform over the long run.
The Romance of The Three Kingdoms – Although this is a classic Chinese historical war movie that is likely dramatized, there are a lot of lessons to be learned from it – for value investing purposes.
 No matter how good we are or how much money we have, we should only act when it is right to act, we should think of a few steps down the road. In the movie, Zhuge Liang said that to be a good commander, they cannot go against heaven’s will in war, and therefore, he often uses nature’s advantage to win the war. In investing, we should only buy when it is right to buy and sell only when it is right to sell.
 In the movie, how Cao Cao defeated Yuan Shao was that he has been preparing for that particular war for decades. In investing, we need to study, do the homework in waiting for the day where we buy and when we sell our stocks, we have to be patient.
 Arrogance kills. In the movie, many great people are killed because they were too arrogant, such as Guan Yu, Ma Su, and Liu Bei. In investing, it is the same, we have to be wary of arrogance especially when our stock portfolio or stock is up a lot – we cannot expect it to always be up – when it is the right time to start selling, we should. Being cautious should always come first, just like Zhuge Liang character in the movie.
 Preparation is vital. In the movie, how Zhuge Liang wins battles is that he always studies his opponent very well, and he knows his troops and cities very well too. In investing, we need to understand the company we invest in, the business model and the market well. That way, we can have a higher probability of making money over the long run.
 Knowing when to retreat. In the movie, after Zhuge Liang death, he instructed all the troops to retreat back to Shu Han and by doing that, it gives Shu Han at least another 20+ years of prosperity before Sima Zhao invaded and Liu Shan surrendered. In value investing, we need to admit our mistakes and retreat when we know we cannot possibly make money from that particular investment.
The Last Dance. What I had learned and taken away from Netflix’s Michael Jordan documentary is to always have faith, to always believe. Stay in the present and do not worry about the future too much in a way that it will distract you from being in the moment. MJ always says in the documentary that when the future comes, it comes. In a way, investing is the same, the market is unpredictable. That is why investing in businesses with a large margin of safety – is the safety net we should hold on to – in the market that is way too unpredictable. That is value investing.
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 firstname.lastname@example.org.
The Interview by The Raygacy Show Below is Done 1 day Before I Turned 25 Back in 2018. Have a Watch 🙂
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
Circle of competence is one of the key concepts that value investors apply to make money from the stock market. Warren Buffett often talks about the circle of competence concept but not many understood it. In this article […]
I have made a lot of mistakes in my life. I have been conned, cheated and have lost money in business deals and investments. Today is my birthday so I thought it would be good to summarize the important lessons I have learned so far about […]
Return on Invested Capital is an important formula we should look at when analyzing stocks. ROIC, in short, focuses on analyzing the profitability of a company. What is the formula for ROIC?
Return on invested capital […]
My take on SIA Retail Bond 2019 where I discussed the pros, cons and overall, my thoughts on it. And whether I would invest in it or not. A few good things to say about it, and some things I thought that people should at least be informed on. Instead of using […]
Value Investing Mentorship is created with the goal to be the most effective and exclusive value investing online program. The approach is using twelve exclusive one to one educational lessons that come with assignments to do after each session. With the benefits of […]
Having multiple streams of income is important in my life. In stock investments, most investors I know get their streams of passive income from capital gains and dividends. Getting premiums/cash flow through selling options is another strategy I often use. But all the serious investors will tell you […]
Warren Buffett said that The Intelligent Investor is the best book ever written on investing. This book contains over 600 pages of wisdom. The wisdom that serves as the building blocks for all value investors. This is The Intelligent Investor Summary. Enjoy! Warren Buffett […]
The quality of our thinking creates the quality of our life. If the above sentence is true, then Charlie Munger must have made plenty of high-quality decisions over the course of his lifetime. Charlie is currently worth about US$1.8 Billion. He is the right-hand man of Warren Buffett who […]
If you are an investor of stocks, you would know that currently (as of November 2018), we are in a (or nearing) stock market correction/bear territory. Before things get worse, here are 5 intelligent things to do during any stock market crash. Here is your playbook for successful investing:
This list summarizes 100+ of the best value investing quotes of all time. They are spoken from some of the best value investing minds in the industry that I have modeled after for my investing philosophy. Both that have passed away (Benjamin Graham) and those that are […]
Daniel Ek has built a great business with Spotify. Now that it has recently IPO-ed in 2018, is this digital music streaming service of his, invest-worthy? I am sure that by now you would most likely have heard of Spotify before. But I am sure that not many of you know that Spotify was founded and […]
But over time, I would like to invest in good businesses at a fair price instead of continuing to invest in an OK business at a cheap price. Due to Facebook’s recent drop in its share price, I took a stake in Facebook during the past few months and right now, it consists of about a quarter of my portfolio.
Before we touch on the limitations of Black-Scholes. let’s do a brief recap. In the first part of the article, we talked about how the Black-Scholes model is used to price options. They are commonly known as the options pricing model to know the fair price of the put or call options. There […]
The Black-Scholes model was first developed by three economists. Two of them – Myron Scholes and Robert Merton – received a Nobel prize in 1997 for their work in this model. The Black-Scholes model is also commonly known as the options pricing model. And as the name indicates […]
The above image is how the new Re-ThinkWealth logo looks like. As you might have noticed, it is a combination of “R” and “W” which stands for Re-ThinkWealth. At the same time, the shape of the logo embodies the resemblance of how a stock market will behave. The stock market goes down and up […]
So basically, I knew that if I cannot beat the S&P 500 return over the long run, it’s better if I just invest in the S&P 500. While the S&P 500 practices in a huge diversification of 500 big companies listed in the U.S., my U.S. portfolio practices concentration of ideas in which I am most certain about […]
I am 25 years old this year and I am always fascinated by how a change in our thinking can result in a huge change in our wealth. I am convinced by the notion that how we think creates the wealth that we have. And writing has been an integral part of it all because it gives me an avenue to pen […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
Chris Lee Susanto often travels to and fro Singapore and Jakarta.
Remember, only invest in things that we can predict with a high degree of accuracy and Stay rational. All the best in your investing journey!
“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
“I have been working with Chris around value investing. And I find the 1:1 mentorship with him very productive because it guides me through the different steps. So even though I attended courses, I find that I still needed guidance to take actual action. To be able to have those discussions, to have my thought challenged, to tap on his knowledge and to get his perspective on different stocks. I thought that was helpful.” – Sherwin, VP & Head for Business Planning at Prudential Singapore [Previously Head of GrabCar Plus]
“Chris is a highly competent individual with unparalleled work passion and commitment in his crafts in empowering financial education for youths and in his printing business. He displays great knowledge and familiarity as well as proficiency evident through his capability in producing stellar investing results and also in providing my company customised paper shopping bags and chair covers. He too has a brilliant public relation skill that will aid him in getting things done. I wish him all the best in his future endeavours.” – Cayden Chang, Founder at Mind Kinesis Value Investing Academy (VIA)
“As part of my journey to learn about value investing, I came across Chris’s profile and joined his program to learn about options trading. Chris gave a step by step guidance and answered all my questions to give me the confidence to enter my first trade. His teaching of value investing and options trading is grounded with case studies and live teaching. I would recommend Chris and his VIM program for those looking for that edge.” – Russell N, Real Estate Fund Manager
“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
“Despite having >15yrs stock invest experience, I needed 1:1 guidance to stay focused in order to learn more about value investing. Chris’s newsletters and his personalized training can be of great help to beginners & matured investors.” – Ravi, Quality Manager from Leading US Semiconductor MNC
“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
“Chris’s Exclusive 1:1 Mentorship has changed my life financially for the better. So far I have made over 20% in just 1 stock that I invested in. The profit that I got easily covered multiple times the fees I invested in the club. He is a passionate value investor and it is evident in the work that he put in for his members.” – Jess Liu, Executive Director, DBS Private Banking
“Chris Lee’s maturity beyond years coupled with service mindset drives his ideas to market. Re-Think Wealth is an open, accessible platform for anyone interested to learn and go live in the world of investing within a short period of time. Hard earned lessons from a wise peer mentor. Chris does not hold back to share.” – Liyana Sulaiman, CPO & Co-founder @ Pollen l Community Commerce Builder