Context 2

Investors often seek alpha return using various cutting edge investment strategy. Some of the approaches such as value investing has yielded superior return in the past, however it hasn't been the case since post 2008. Technology companies has consistently outperformed high cash flow companies over the past 12 years. Extrapolate with sound rationale of how equity investors can consistently achieve superior return . Hint: Company analysis and stock selection.

[25 marks]

Context 3

Investors often seek to manage investment risk by diversifying their investment in different asset so as not to put all their eggs in a single basket. Rules base on past advocacy and proven successful investment outcome are likely to be followed faithfully by the herd-mentality of investors until proven otherwise. Provide contrarian and supportive thought in the context of diversification. Hint: Illustrate your thinking process with sound wisdom.[25 marks]