A lady wrote in to ST complaining that valuations shld be based on “fundamentals”, not “sentiment”. Two different valuations that differed by $200,000 on the same property, she seems to be saying. Can’t be sure, scan0010
Well valuation is an art, not a science. Subjective factors like “sentiment” are a factor.
And taz why gd investors like Peter Lim and Warren Buffett are so rare. They see the same numbers as any other investor but they got that extra bit of insight.