🎉Interview with PeteTan: Navigating the Waves of Investing

Hello Tigers,

Today we are going to share @PeteTan , a cash boost account trader‘s in-depth investment journey. Hope his experiences can resonate with you.

Read the story based on Pete’s first-person visual explanation: Navigating the Waves of Investing: A Journey of Perseverance and Wisdom

If you have any points of interest, please leave a message to communicate with him.

1. Personal Information Q&A

• How long have you been involved in investing?

My name is Pete, an investment portfolio manager on a mission to help working professionals grow their wealth through research-based, value-based investment strategy, with a focus on equities and options. I’ve been actively investing for over 14 years now. Along the way, I’ve encountered moments of triumph, setbacks, and deep learning — much like my humbling attempt at surfing in Bali, where I learned that perseverance and respecting the forces bigger than you are essential, whether it’s the sea or the market.

• What's your investing background?

I started investing driven by a desire for financial independence. Over time, my experiences — both wins and painful lessons — shaped my approach. I’ve learned not just from books or market data, but also from reflecting on personal experiences, like realizing that “the market is always right” after a short-lived but costly short position on Tesla. Continuous reading, analyzing, and interacting with a community of investors have helped me grow.

• How frequently do you trade? Why?

I trade moderately, typically a few times a month. I prioritize quality over frequency, focusing on setups where I have high conviction. Much like surfing, you don’t chase every wave — you wait for the right one.

• What's your trading style? Are you a short-term frequent trader or a long-term value investor?

I lean toward long-term value investing, but I allow room for short-term tactical trades when opportunities arise.

• Has any investment guru, relevant personnel, or books influenced your investment strategies?

Yes — Warren Buffett, Peter Lynch, and Howard Marks have greatly shaped my thinking. Books like The Intelligent Investor and Annie Duke’s Thinking in Bets have taught me to think probabilistically and manage risk.

• Most profitable/successful trade so far?

One of my best trades was an early investment in a growth company after deep research into its competitive moat. But equally important were my painful lessons, like shorting $Tesla Motors(TSLA)$ at $350 and adding to the position as it fell — only to watch it roar past $400. That experience taught me that market sentiment can overpower logic in the short term.

• Valuations you made before the decision to trade?

I use a combination of quantitative (P/E, cash flow, balance sheet health) and qualitative (competitive advantage, management quality) assessments. But the Tesla example reminded me that even the best models can’t fully capture market psychology.

• Can your valuation strategy be duplicated to increase win rates? Why?

Yes — disciplined valuation, risk management, and patience are replicable. But it’s critical to understand that no strategy guarantees success every time; the key is stacking the odds in your favor and surviving the rough patches.

2. Questions on Warren Buffett

• Do you agree with Warren Buffett's investment concept? Does your style match his?

Absolutely. His focus on value, patience, and knowing your circle of competence resonates deeply with me. While I take occasional tactical trades, the core of my portfolio reflects Buffett’s philosophy.

• Do you follow the annual Warren Buffett shareholder meeting?

Yes — it’s like attending a masterclass. I especially look for insights on market cycles, temperament, and timeless principles. My last time to the AGM meeting was in 2023, I hope to return again.

• What are you most attentive to this year?

I’m watching interest rates, AI’s impact on industries, and how resilient companies navigate turbulence.

• One thing you apprehended the most this year?

The importance of humility and adaptability. Just as I learned while surfing in Bali — when the conditions change, you need to adjust your stance or get wiped out. Also learn to turn off the noises, with Trump, tariffs and all, it is easy to get shaken in your conviction. Diversify if you need but invest in quality, you must.

• Key factors long-term investors must consider?

Business quality, management integrity, valuation, risk exposure, and the ability to emotionally withstand market downturns.

3. Concluding Thoughts

• Investment goals for 2025 or upcoming years?

My goal is steady capital growth with thoughtful risk management. I aim to refine my process, not just chase returns.

• Industries, sectors, or stocks you feel bullish on long-run?

AI, Bitcoin, healthcare innovation, and companies with strong recurring revenues.

• Tips/advice for traders on Tiger App?

Respect the market. Even if you believe you’re right, the market may disagree for a long time — as I learned the hard way. Focus on process, not just outcomes, and don’t mistake luck for skill. Stick to strategies you can repeat, and always size your positions so you can survive to fight another day.

• What do you think of Tiger’s App and the Cash Boost Account?

I like Tiger’s user-friendly interface and access to global markets. The Cash Boost Account is a smart feature to help optimize idle funds and boost returns.

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