The biggest incident I experience last week shows the multi-stage nature of the COVID-19 virus outbreak.First the markets reacted when people started falling sick in Asia. Now markets are reacting when everyone around the world started falling sick. I think the next wave is when the economic fallout starts to hit the main street in Singapore. This can take place even when the outbreak is under control.Last week, a friend was let go and I spent the day panicking about his future. I visited a head-hunter's home for a social event hoping that I find a way out for my friend only to find the headhunter out of a job himself.A week's deeper reflection confirmed that I was deeply wrong about who needs help.My friend is intimately familiar with my investing methods. I pointedly asked him how long h

Skiing has always been a status sports given the cost (easily costing a few thousand dollars per person), the exoticness and the instagrammable pics of the family in ski-wear and gear with snow-capped mountains in the background. In the last 10 years, we have seen a huge explosion in tourist numbers to high end ski destinations globally: Whistler in Canada, Aspen in US and Zermatt in Switzerland, just to name a few. In Asia, the number one destination is Niseko, Hokkaido, Japan.Some of these destinations had always been premium locations since modern leisure skiing started. The most important features being the quality of the snow and the geography. Skiers want snow that is powdery and slopes that can hold these snow and also provide good variety for novices and experts alike. Niseko start