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Multi-millionaire value investor, award-winning entrepreneur and founder of the 8I Group Ken Chee is also the author of the book [euro]oeValue Investing for Beginners[euro]. The book serves as a simple guide for new investors to help them kick-start their investing journeys. With the help of many case studies as well as Ken[euro](TM)s own anecdotes, it teaches readers how to unearth good businesses for investment and apply the effective process of value investing.
In this book, Ken has also pointed out three common misperceptions people tend to have, that hinder them from making effective investments.
Misperception #1: Investing is redundant as one can retire comfortably with only savings.
Investing takes time and effort. Furthermore, it can be risky. So why bother doing it?
Ken explains that the primary objective of investment is to beat inflation and preserve the purchasing power of one[euro](TM)s money. The official inflation rate of Singapore stands at 3 percent to 5 percent...