Make a killing on volatility, urges Value Partners chairman
Cheah Cheng-hye says investors should target big profits, accepting that they may lose half of them in a subsequent crisis. Plus he and Franklin Templeton's Mark Mobius advise being patient on China.
Chinese stocks are volatile but not expensive, and much of the current negative sentiment on the country is misguided, said the chairman and co-chief investment officer of Hong Kong asset manager Value Partners.
Cheah Cheng-hye also advised investors to make money as quickly as possible from global market volatility to cushion them for inevitable big losses in subsequent crises.
At Bloomberg's Most Influential 2016 conference in Hong Kong yesterday, Cheah argued that many narra…
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