Top stock picker Derek Kwong says 'be boring'

For Derek Kwong, one of the best-performing China-focused asset managers, it is more important to pick the right stocks than to forecast the upper limit of the stock index.

Kwong, the founder and chief investment officer of Hong Kong-based Basic Asset Management, achieved a 58 per cent investment return for the Golden Bamboo Fund under his management in 2012, leading Bloomberg to rank him the China hedge fund manager of the year for funds under US$100 million.

For comparison, Hong Kong's benchmark Hang Seng index gained 23 per cent last year.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1174138/top-stock-picker-derek-kwong-says-be-boring