So at what point do you think does a well-informed investor actually become an over-informed one? And how can we recognize the pivot from constructive research to just you're doing it because you just don't want to get started, you're procrastinating?

Yeah, it goes back to the point when you focus on what you're trying to invest, you're looking for the best investment.

I think that's where I think we can't build confidence.

A lot of it is because people are looking for certainty.

And certainty is something that doesn't exist when it comes to investing because you're taking a risk.

There is uncertainty.

But the uncertainty is why you get the high returns in the first place.

What are the three metrics?

So at what point do you think does a well-informed investor actually become an over-informed one? And how can we recognize the pivot from constructive research to just you're doing it because you just don't want to get started, you're procrastinating?

Yeah, it goes back to the point when you focus on what you're trying to invest, you're looking for the best investment.

I think that's where I think we can't build confidence.

A lot of it is because people are looking for certainty.

And certainty is something that doesn't exist when it comes to investing because you're taking a risk.

There is uncertainty.

But the uncertainty is why you get the high returns in the first place.

What are the three metrics?

And try to realign or maximize the alignment of incentives between the different actors within the industry.

Yeah.

No, you pointed out a very important word, incentives.

I think everything in finance is about incentives.

Warren Buffett's partner, Charlie Munger, famously said, show me the incentives and I'll show you the outcome, right? And so incentives are everything.

And I think the financial incentives and moral incentives and a lot of the incentives at Moore Stanley were aligned to a very institutional framework of investing, right? And that set up the people in the team, the organization for success, which it clearly has achieved before me and after me and during when I was there.

And so Moore Stanley has that really set up well.

Um, If you were to look at end hours back then and even now, what was fundamentally different about the problem that you saw and where you thought that Western table couldn't work in Singapore and Asia, that you needed to differentiate yourself from those players?

Obviously, he spent a long career in institutional financial services.

Hi, I'm Sam Ri.

I'm co-founder and chairman at Endowus, and before that I was at Morgan Stanley Investment Management in Asia, uh, where I was CEO and chief investment officer.

A lot of good memories at Morgan Stanley.

Uh, I think Morgan Stanley obviously has a very unique culture.

It's a very client-centric culture, and it's not about maximizing profits, and as a result, it really takes care of its employees.

You know, I grew up in that industry.

See visible.com for details.

What does that mean and why does it matter more as Singapore ages?

Yeah, good morning.

It's great to be here.

I think the first thing is just revisiting the stats that you just mentioned about how Singapore is becoming a super aged society.

The life expectancy, you correctly said, is rising to 80, almost 84.

There is a gender gap.

So women are 86 and men are 82.

What's your advice on that?

Okay.

Fullerton.

You know, all these fund managers create great products, and PIMCO, and all these guys.

And we work with all of them.

So we're an open platform, we're agnostic, we don't care who it is.

If you have the best fund with the best track record, great fund managers, and you have scale so it's lower cost, then we work with you and we, we put it on the platform, right? But oftentimes what happens in traditional ways is that the fund manager has to pay to play, right? So there's a commission they pay.

And if you are not the best fund...

Besides that.