Even as SG 60 approaches, remember that the stock market is way bigger than our little red dot, with the Singapore stock market representing a mere 0.5% of the total world stock market. Our FTSE Straits Times index is represented by only 30 Singapore stocks.

There have been fears that the increased popularity of indexing has reduced market efficiency. Is there any basis to this?

It is well and good to love your country. However, loving a single country’s stock market too much is a whole other issue.