There was a comment from a reader who shared that there was plenty of hindsight bias when it came to talking about Hyflux – and wanted to know what we should be avoiding now instead of talking about what had already happened.
After all, it is easier to talk about the past than to predict the future.
The reason why you rarely see short reports or sell reports about situations such as Hyflux is that the downside to publishing such articles are so high.
When Iceberg Research first published its report on Noble Group in 2015, it got a lot of flak and was even sued. Events that transpired next proved many of his initial points correct, but you won’t see any awards being handed out.
The fact is no one gets rewarded for being the bearer of bad news.
So yes – many financial professionals in the know