Maximising Return Minimising Risk Maintaining Resilience
rainforest investment portfolio
Portfolio Attributes
Resilient portfolio shown to be capable of withstanding financial crises and economic slowdown.
Absolute positive returns.
Significant outperformance over the Index.
Contact Us to find out more about our investments and performance.
“I am concerned about my retirement planning, mortgage payments and cost of my children’s higher education. Rainforest’s efforts to understand my financial needs and to address them through careful and thoughtful investment is a great help to me.”
Rainforest Notes - august 2026
Our Investment Manager's Commentary for the Month
AI-related share prices recovered after a beating in July (especially in Korea where the Kospi tumbled) which had knocked out many leveraged investors on the way down.
Kinetic warfare resumed sporadically between USA and Iran, resulting in near halt of traffic through the Strait of Hormuz. Although in the 7th month of conflict, we have not yet observed drastic hikes in prices or extreme shortages of resources (oil, LNG, helium, fertilizers, diesel, etc.)
Possible reasons for this include i. Drawing down of reserves – the world has been drawing down its inventory/stocks of such key resources; and ii. China reducing its purchases of resources. These may have alleviated demand pressures.
However, the world’s supplies of energy and other resources remain under pressure, and it is estimated that inventory/stocks will start to deplete in the next few months. There may be energy price spikes, stoppage of services (e.g. airlines cancelling flights due to lack of jet fuel) and demand destruction (i.e. prices becoming too high for some consumers).
While prices have so far been rising more gradually, it should be noted that diesel shortages/price rises are now spreading to more parts of the world. We continue to monitor closely in case the situation accelerates into a severe economic slowdown. (“How did you go bankrupt?” “Two ways. Gradually, then suddenly.” - The Sun Also Rises by Ernest Hemingway)
We have taken advantage of this period of price volatility to refine Rainforest’s investment portfolios, realizing profit in various investments.
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Fund Factsheet
Stating our simple charges
FAQ
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NEWS
Interview of Richard Choong in The Edge
Investing Wisdom
Value and Quality
“...findings of a review of the 1000 largest US equities (by market cap) over 1975-2013. Value was a higher driver of performance than quality, but companies that were both high quality and inexpensively valued with respect to fundamentals delivered the most consistent outperformance....”
Market Ups and Downs
“It’s in the nature of stock markets to go way down from time to time. There’s no system to avoid bad markets. You can’t do it unless you try to time the market, which is a seriously dumb thing to do. Conservative investing with steady savings without expecting miracles is the way to go. ”
Why Invest in Equities
“Investment possibilities are both many and varied. There are three major categories, however, and it’s important to understand the characteristics of each. So let’s survey the field.
Investments that are denominated in a given currency include money-market funds, bonds, mortgages, bank deposits, and other instruments. Most of these currency-based investments are thought of as “safe.” In truth they are among the most dangerous of assets. Their beta may be zero, but their risk is huge. …
The second major category of investments involves assets that will never produce anything,… forever unproductive… The major asset in this category is gold. …
My own preference - and you knew this was coming – is our third category: investment in productive assets, whether businesses, farms, or real estate. …
Berkshire’s goal will be to increase its ownership of first-class businesses. Our first choice will be to own them in their entirety – but we will also be owners by way of holding sizable amounts of Marketable Stocks. I believe that over any extended period of time this category of investing will prove to be the runaway winner among the three we’ve examined. More important, it will be BY FAR the safest.”
A Good Investment Manager
“Did we ever mention that investing is hard work — painstaking, relentless, and at times confounding? Separating relevant signal from noise can be especially difficult. Endless patience, great discipline, and steely resolve are required. Nothing you do will guarantee success, though you can tilt the odds significantly in your favor by having the right philosophy, mindset, process, team, clients, and culture. Getting those six things right is just about everything.
Complicating matters further, a successful investor must possess a number of seemingly contradictory qualities. These include the arrogance to act, and act decisively, and the humility to know that you could be wrong. The acuity, flexibility, and willingness to change your mind when you realize you are wrong, and the stubbornness to refuse to do so when you remain justifiably confident in your thesis. The conviction to concentrate your portfolio in your very best ideas, and the common sense to nevertheless diversify your holdings. A healthy skepticism, but not blind contrarianism. A deep respect for the lessons of history balanced by the knowledge that things regularly happen that have never before occurred. And, finally, the integrity to admit mistakes, the fortitude to risk making more of them, and the intellectual honesty not to confuse luck with skill.”