mr sy #1

Henry sy is the richest person in the philippines in the last ranking by forbes magazine. Let us now dissect on why that is so. :) mr sy or tatang as he is fondly called started started in the shoe business and then sm department store. :) he built his first sm mall in 1983 in north edsa and was instantly a hit. He built the mall during a time of uncertainty and unrest with the killing of benigno “ninoy” aquino and the unstable political situation at that time. But as the man said “times of distress bring about opportunity”. Any good value investor will agree with that saying for it is during those times that you will be able to able to buy stuff or companies at a discount. :) for my henry sy sm prime holdings is his anchor or core business. :) it might be true that he is diversified but his main business is still smph. That is where it all started and from there he started putting capital into other businesses. No matter what happens he will never leave smph. In other words his other businesses are his sideline. :) the key is putting good managers in your other businesses so that they could run it for you. Delegation in other words. Smph will always be his favorite and he will always look after it. :) so that is one trait that is usually common among successful value investors which warren buffett would call “focus investing”. Not to be diversified is also wrong because is you put all your money all in one investment that would now be called gambling. For me a portfolio to be diversified should have at least 5 investments and not more than twenty (20). :) i will give you some data that i got from reliable sources on how good mr sy's core business is and how it catapulted him into the top spot. Smph is forced to open new malls because it generates around P20billion yes thats right billion just from rent every month. :) you just keep that much cash just lying in the bank you have to use it to get better returns. :) smph charges a premium for rent and why not? Being the leading mall in the country it has the right to do so. It doesnt even charge rent but also percentage from gross sales in some businesses. But who complains? Nobody because that is the price you have to pay to get a piece of the sm crowd. :) and even before the mall opens it already will get millions just from the advance deposit of its tenants already so basically they already have money to use to run the mall! :) such a great business. Mr sy has! Even if it opens in a place and its department stores wont do that well smph will still collect rent and what is the worry because every time sm opens a new malls it has followers from its consignors, jollibee, kfc, chowking, national bookstore, and many more. :) so basically it has already tenants when it opens a new mall. :) compared to other malls in the country this one appeals to all classes from the a to d market. :) sm has this kind of command in its rent and everything else because there is no close competition and in the absence of that smph will Just continuE to gRow and increase iTs market share! :)