01-12-2014, 11:12 PM
02-12-2014, 12:53 AM
No. A good investment is a good investment. When you pay too much for something, then it is not a good investment from the start. Since here we are talking about stocks, it should be ' Paying too much for a good business is still a bad investment '. For example paying $17 for SGX in 2007 was a bad investment. Dividend yield is 1.65% today. Lower than SGS. Paying around $1.00 in 1998/99 was a good investment. Dividend yield is 28% based on purchase price.