This article is a continuation from my previous article on ‘Is Value Investing Dead’, which can be read here. I wanted to share some evidence that further strengthens my view that there is a fundamental shift in how we conduct our daily lives.
Singapore General Elections 2020
This is the first Singapore General Election that I had the chance to participate in, but this hit me the other day while I was following the different candidates on the elections.
Think about it. How have candidates been reaching out to us during this election compared to say the one in 2011 or even 2015? While this may be due to social distancing in some ways, candidates have been reaching out to us via social media a lot more.
How Dr. Tan Cheng Bock made #hypebeast viral to sharing with us nuggets of information about himself of how he is wearing glasses with no lens or his love for florals.
Even to the Worker’s Party (WP) winning the People Action Party (PAP) over Seng Kang GRC, do attribute it in some way due to social media. WP’s Jamus Lim who was competing over the Seng Kang GRC was very much more active on social media as compared to PAP’s Ng Chee Meng.
The Seng Kang GRC, which is a relatively young area have more than 60% of the residents aged below 45, and over one in 20 is younger than five – both of which are above the national rates. WP positioning a team of younger parents with children under the age of 4 and actively using social media would be able to better related to the demographics of the Seng Kang GRC compared to the team PAP fielded.
President’s Trump Tulsa Rally
Even the very recent US President Trump’s rally held in Tulsa. His campaign promised huge crowds at his rally in Tulsa, but it failed to deliver. Accordingly to the New York Times, TikTok might be responsible for this given the fact that hundreds of teenage TikTok users and K-pop fans claimed to have registered potentially hundreds of thousands of tickets for Trump’s rally as a prank.
After the Trump campaign’s official account @TeamTrump posted a tweet asking supporters to register for free tickets using their phones on June 11, K-pop fan accounts began sharing the information with followers, encouraging them to register for the rally — and then not show.
I am no expert at analysing elections or why certain parties might have triumphed over other parties. I am merely sharing my own personal views in this regard. However, one thing that I do believe in would be the fundamental shifts we are seeing in our economy and daily lives. This has been underway since pre-COVID; however, since the COVID-19 Pandemic, this has just accelerated a lot more of such shifts.