Singapore's Stock Guru on making millions

Here are some excerpts from an article on Peter Lim who is well known in Singapore for his investing prowess. Some of his better investing bests were FJ Benjamin and Wilmar International.The last part of the excerpt bears a striking resemblance to a key Buffett tenet which is invest in honest and excellent management.

1.An investment in fashion retailer FJ Benjamin, has grown from about $13 million to $60 million SGD over five years

2.An initial stake of $10 million SGD in Wilmar International(ard 1991) has grown to over 1 billion SGD

What Peter Lim Says:

"I can't say I invested in the right company, because at that time, there was only a vision. The potential palm oil plantations were just swamplands,' he said.

'It was at the Equatorial Hotel. I spent a few hours with Mr Kuok(Wilmar's founder). This man made me feel very inadequate. He had a vision, and could explain, step by step, how to attain this vision.'

But that 'quality face time' is in a nutshell how Mr Lim decides on all his investments.

'I must see his face. The person should be master of his trade, and should be honest."

Regards,
Manpreet