Highlights
Social Forum >> Forum Thread
332 comment(s). Last comment by stockraider at Jul 12, 2019 11:06 AM
Like
 3 people like this.
 
 Post Reply   Back  
Page 1 2 3 4 5 6 7

stockraider
20977 posts

Posted by stockraider > Feb 3, 2019 10:44 PM | Report Abuse

It is evil lution mah....!!

QQQ,

Pls cut ur craps here, if u have nothing positive add here, pls buzz off from the "Margin of safety thread" here mah....!!

Raider need to embark in "Insas hatahway" promotion as a margin of safety stock here mah...!!

Posted by qqq3 > Feb 3, 2019 10:30 PM | Report Abuse

it's evolution...


stockraider
20977 posts

Posted by stockraider > Feb 3, 2019 10:49 PM | Report Abuse

No problem KC, i always give compliment, when it is due mah...!!

Our diff in opinion is small...we already agree to disagree mah...!!

KC pls keep up your good work here ..!!

Posted by kcchongnz > Feb 3, 2019 03:36 PM | Report Abuse

Posted by stockraider > Feb 3, 2019 01:07 PM | Report Abuse
This qqq has no track record just escape from tanjung rambutan, by changing his name from mammy to qqq, talk bad of kc, who have contributed so much to i3 ??
Enough is enough...KC is one of the best trainer in i3 mah...!!
Chinese old people says don try to break people rice bowl, and this mental patient escapist qqq is precisely doing that loh...!!

Raider,

Thanks for the compliment. Despite our heated argument on certain issues previously, we still respect each other's philosophy and point of view.

I hope the rest do the same


kcchongnz
6656 posts

Posted by kcchongnz > Feb 3, 2019 11:27 PM | Report Abuse

Raider,

the other thing is don't worry about people "breaking my rice bowl". I am not rich but after working 25 years as a civil engineer to quite a senior level in a public listed company, I have accumulated a little wealth, plus my investment return so far, I can live reasonably comfortably throughout my retirement, be it in 10 years, 20 years or 30 years (God willing). I will still be okay no matter how the market is as I don't even put half of what I have in the stock markets, here and abroad. I don't need tuition fee to survive too.

Teaching the right path of investing is my passion now, after retiring from engineering 17 years ago at the age of less than 50 years old, and migrated to a foreign land, though Malaysia is still my home.

With my academic qualifications in finance and investing, my practical investment knowledge through the wisdom of super investors, and the experience I have in the stock market, I feel it is a waste not to guide those who wish to learn about the right way of investing, and at the same time earn some pocket money in a honest way for a little more luxuries in life.

To be frank, I haven't got a single additional course participant for months, or even a year. But that is not my problem if people prefer to follow touting of stocks in the internet space, from tipsters and hence 90% of them lose money,instead of treating me for a daily teh tarik and roti canai for 6 months and learn all about the basics of fundamental investing,and earn extra-ordinary return safely but surely, ot even for the purpose of avoiding losing big in the market.


stockraider
20977 posts

Posted by stockraider > Feb 3, 2019 11:39 PM | Report Abuse

I notice that kc, i know u can afford ,and your financial service business is just your part time sideline on something u r passionate about & interest in investment...to me in all fairness qqq should not do that on anyone, thats the reason, why i felt strongly against that qqq bad behavior loh..!!

It is no wrong, if u charge for your service ,after all it is a honest work loh...!!

Posted by kcchongnz > Feb 3, 2019 11:27 PM | Report Abuse

Raider,

the other thing is don't worry about people "breaking my rice bowl". I am not rich but after working 25 years as a civil engineer to quite a senior level in a public listed company, I have accumulated a little wealth, plus my investment return so far, I can live reasonably comfortably throughout my retirement, be it in 10 years, 20 years or 30 years (God willing). I will still be okay no matter how the market is as I don't even put half of what I have in the stock markets, here and abroad. I don't need tuition fee to survive too.

Teaching the right path of investing is my passion now, after retiring from engineering 17 years ago at the age of less than 50 years old, and migrated to a foreign land, though Malaysia is still my home.

With my academic qualifications in finance and investing, my practical investment knowledge through the wisdom of super investors, and the experience I have in the stock market, I feel it is a waste not to guide those who wish to learn about the right way of investing, and at the same time earn some pocket money in a honest way for a little more luxuries in life.

To be frank, I haven't got a single additional course participant for months, or even a year. But that is not my problem if people prefer to follow touting of stocks in the internet space, from tipsters and hence 90% of them lose money,instead of treating me for a daily teh tarik and roti canai for 6 months and learn all about the basics of fundamental investing,and earn extra-ordinary return safely but surely, ot even for the purpose of avoiding losing big in the market.


stockraider
20977 posts

Posted by stockraider > Feb 4, 2019 12:19 AM | Report Abuse

Posted by stockraider > Feb 4, 2019 12:17 AM | Report Abuse X

Correctloh...Insas is better.

Insas hold 19% of inari based on current inari valuation exceed the whole Insas mkt capitalization. If inari share price to Rm 1.20 it still just equal to insas capitalization mah...!!

Insas Nta is Rm 2.54 v share price Rm 0.77.

Insas has a positive nett cash holding of Rm 300m.

Insas trade at a PE 6.5x loh...!!

Insas pays div yield close to 3% pa loh...!!

This is a very balance & complete margin of safety investment mah...!!



Posted by calvintaneng > Feb 4, 2019 12:10 AM | Report Abuse

Inari good

Insas better!


stockraider
20977 posts

Posted by stockraider > Feb 4, 2019 12:24 AM | Report Abuse

Posted by stockraider > Feb 4, 2019 12:08 AM | Report Abuse X

To me there are only 2 way of making sustainable earnings loh...!!

1.0 Based on margin of safety investment like deep undervalue share price & cash rich stock like insas that i m promoting here for safe investor.
Value Margin of safety investment is highly recommended by raider, bcos it is the foundation to safe investment and good practise.
It is easy to understand & easy to implement.

2.0 Buy into Growth stock at fair value like what Philip and 3iii had been doing.
But do not to fall in love with these stocks, when it is overvalue like when high PE 50x, low dividend yield which cannot justify the value u need to rethink.. to brake and reverse loh...!!
Stock cannot be overvalue forever loh....!!

If u look at raider's growth stock Hlbank, Hlfg, Hein, Panasonic, Ajino all are reasonable value with Pe 16x to 25x and dividend yield 2% to 6% pa loh..!!
Yet i feel shy to promote them bcos my expectation is low target of 8% to 10% pa hurdle, however psychology i do not take action to sell bcos i have been siting on big gain, enjoying the fruits planted long time ago.

I m not saying QL is a wrong investment going fwd, bcos it is yet to be proven , right now mah....!! But over paying is a sin in investment loh...!!

That is said, newbies need to identify new growth stock...if u want to invest like what Philip & 3iii are doing & not based on the current portfolio, unless there are selldown to a reasonable level.


qqq3
13755 posts

Posted by qqq3 > Feb 4, 2019 1:02 AM | Report Abuse

quote here quote there is easy
u can find a quote for every situation.

execution is the difficult part ( mostly)

s=Q r

for kyy, execution is the easy part.

quarter profits X 4 = sell land, margin and sailang

don't laugh, because KYY may have the last laugh.


stockraider
20977 posts

Posted by stockraider > Feb 4, 2019 10:45 AM | Report Abuse

Calvin Tan,He is a true authentic practioner of Benjamin Graham value investment by exploiting on Margin of safety investment And diversifying his risk mah...!!

The comment below make sense mah..!!

Posted by calvintaneng > Feb 4, 2019 07:57 AM | Report Abuse

Precisely True Deep Value Investors like Walter Schloss are so risk averse that he diversified in hundred value stocks.

AND Buffet also said if he is out looking for a 7 footer a guy with a height of 5 foot 5 only won't do.

Risk is not knowing what you are doing.
Risk is also too much concentration and put all eggs in only one basket.

There is always a black Swan event unknown and unseen. So nothing is set in stone. Earnings can and do evaporate. Even Value can disappear. In the 1930s even gold was outlawed in the US. And after 2 atom bombs on Japan the banana currencies became worthless overnight.

RAIDER SEE CALVIN TAN IS A GOOD SIFU FOR STOCKPICKING VALUE SELECTION ...YES SOME OF STOCKPICK MAKE NOT WORK, N U MAY GET STUCKED FOR A WHILE BUT ON THE OTHERHAND THE POSITIVE CAN ALSO CONTRIBUTE VERY BIG GAIN, THUS OVERALL THERE IS A GOOD NET POSITIVE GAIN LOH...!!

THE MOST IMPORTANTLY THE LOSSES OF CALVIN TAN STOCK IS USUALLY SMALL, WHILE THE GAIN IS EXCEPTIONAL BIG LOH...!!

I BELIEVE CALVIN TAN RECENT CALL ON SASBADI AND INSAS ARE OF HIGH QUALITY PICK LOH...!!

CALVIN TAN, MAY OR MAY NOT PUT ALOT OF MONIES ON THE STOCK HE SELECT, BUT THIS MAY NOT US FROM PUTTING MORE MONIES ON THE STOCK WE LIKE LOH....!! MOST IMPORATANTLY WE MUST ALSO DO OUR HOMEWORK TO CONFIRM & VERIFY AND WHEN IT IS WRONG WE CAN ONLY BLAME OURSELVES BCOS LACK OF FORSIGHT MAH....!!

THIS IS HOW A GOOD INVESTOR SHOULD BEHAVE AND FOR THEIR OWN GOOD LOH..!!

LASTLY U MUCH IMPROVE YOUR INVESTMENT SKILL, THATS WHY RAIDER EMPHASIS MARGIN OF SAFETY....MARGIN OF SAFETY IN ALL RAIDERS POSTING MAH..!


stockraider
20977 posts

Posted by stockraider > Feb 4, 2019 12:19 PM | Report Abuse

On the contrary Raider has always done that, and make good monies using Leech Tech mah, of course must subject to high degree of due diligence of raider mah...!!

The latest stock raider bought, based on tips is insas, thanks to the compliment from sslee, it is a wonderful balance margin of safety stock...the best u can find loh....!!

Posted by 3iii > Feb 4, 2019 11:52 AM | Report Abuse

I have never invested into a stock based on tips from this forum or other forums.

Yes, often I will take a look at the fundamentals of the recommended stock but have not found them enticing enough to put my money in them.


Zhuge_Liang
573 posts

Posted by Zhuge_Liang > Feb 4, 2019 1:10 PM | Report Abuse

The less you respond to negative people,
the more peaceful your life will become.


Zhuge_Liang
573 posts

Posted by Zhuge_Liang > Feb 4, 2019 1:11 PM | Report Abuse

Those who spend their time to find faults in others,
usually spend no time to correct their own.


stockraider
20977 posts

Posted by stockraider > Feb 4, 2019 1:28 PM | Report Abuse

This is a good advice loh...!!

Posted by Zhuge_Liang > Feb 4, 2019 01:10 PM | Report Abuse

The less you respond to negative people,
the more peaceful your life will become.


Zhuge_Liang
538 posts
Posted by Zhuge_Liang > Feb 4, 2019 01:11 PM | Report Abuse

Those who spend their time to find faults in others,
usually spend no time to correct their own.


Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥
10163 posts

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > Feb 6, 2019 6:00 PM | Report Abuse

Don't ask a barber if you need a haircut

This is generally a fairly good advice.


qqq3
13755 posts

Posted by qqq3 > Feb 7, 2019 12:41 AM | Report Abuse

quote here quote there is the easy part.....execute correctly is the tough part


qqq3
13755 posts

Posted by qqq3 > Feb 7, 2019 12:57 AM | Report Abuse

there are instruments for margin of safety....There are called Fixed Deposits and Bonds.


qqq3
13755 posts

Posted by qqq3 > Feb 7, 2019 1:00 AM | Report Abuse

I think the scared scared investors sure lose money......if there are so scared, their worse nightmares will surely come true.


qqq3
13755 posts

Posted by qqq3 > Feb 7, 2019 1:56 PM | Report Abuse

Success formula.

For the 20+, they should invest, not trade.
Stock picking should limit to the 1%, the best of the best in terms of reputation nnd growth stories, the people and the business…..Understand the business fully…..


only good management stocks
...very low turnover of portfolio
....learn to say NO....

and if want to make a real difference, have not more than 5 stocks at a time.

Trading should only be done by the very experienced….The retired ones and the full time traders.

Then, there is the third category. Lets just call them the Contrarians. This can only be done well by very experienced people.

S = Q r

Success, S is a function of ability to execute , Q and potential gains , r, from the idea/ the investee company

The ability of the investee company to execute as well as the ability of the investor to execute. are both crucial.


qqq3
13755 posts

Posted by qqq3 > Feb 7, 2019 1:57 PM | Report Abuse

what is role of investment seminars and subscription service? .....none......more likely to be negative,


stockraider
20977 posts

Posted by stockraider > Feb 8, 2019 7:28 PM | Report Abuse

Margin of safety investment is one of the best defensive investment strategy loh....!!

For example if u bought insas at Rm 0.67 less than 1 mth ago, the most balance margin of safety stock, u will be sitting at a 20% gain loh...!!


stockraider
20977 posts

Posted by stockraider > Feb 9, 2019 1:12 PM | Report Abuse

Understanding The concept and philosophy of margin of safety investment mah ;

"The choice isn’t really between value and growth, but between value today and value tomorrow. Growth investing represents a bet on company performance that may or may not materialize in the future, while value investing is based primarily on analysis of a company’s current wealth. (19-20).
LOGICALLY MARGIN OF SAFETY INVESTMENT ARE LESS SPECULATIVE THAN GROWTH INVESTMENT LOH...!!

Establishing a healthy relationship between fundamentals — value — and price is at the core of successful investing. (24). CORRECTLOH ALOT OF PEOPLE MAEGIN OF SAFETY VALUE INVESTMENT IS TOTALLY WRONGLOH..!!
IT IS THE RELATIONSHIP BETWEEN VALUE V PRICE MAH..!!

Bottom Line: there’s no such thing as a good or bad idea regardless of price! (25). CORRECTLOH QL PE 50X EVEN IF CO IS A BETTER THAN INSAS BUT U NEED TO BENCHMARK AGST VALUE & PRICE IN THAT CASE, INSAS STAND OUT .

Investor psychology can cause a security to be priced just about anywhere in the short run, regardless of its fundamentals. (27)
Investing is a popularity contest, and the most dangerous thing is to buy something at the peak of its popularity. (27). STOCK LIKE QL AND NESTLE MOVE UP SO MUCH OVER SO MANY YRS..U SHOULD WARY ABOUT OVERVALUATION LOH...THE FACT ITS PE ABOVE 50X CONFIRM WEARINESS LOH!!

The safest and most potentially profitable thing is to buy something when no one likes it. (27). LIKE INSAS PE 6.5X NOT MANY PEOPLE LIKES & HAVE BIG MARGIN OF SAFETY LOH...!!

Unfortunately, the greater fool theory only works until it doesn’t. Valuation eventually comes into play, and those who are holding the bag when it does have to face the music. (28). DO NOT SIMPLY CHASE MAH !!

Risk means more things can happen than will happen. (31)
The possibility of permanent loss is the risk I worry about.(36)
IF U CHASE THERE IS A BIG POSSIBILITY OF LOSSES LOH...!!

Skillful investors can get a sense for the risk present in a given situation. They make that judgement based on (a) the stability and dependability of value and (b) the relationship between price and value. (39). AS USUAL PEOPLE LIKE RAIDER, CALVIN TAN, SSLEE AND LENO UNDERSTAND THE CONCEPT OF VALUE, THUS THEY PICK INSAS LOH...!!


stockraider
20977 posts

Posted by stockraider > Feb 9, 2019 1:22 PM | Report Abuse

WHEN DO U RECOGNISE THE DANGER OF OVER VALUE AND OVER OPTIMISM LEH ??

'Investment risk comes primarily from too-high prices, and too-high prices often come from excessive optimism and inadequate skepticism and risk aversion. (50). AS EARLIER RAIDER SAYS QL AND NESTLE ARE GOOD EXAMPLE LOH...!!"

RISK ADVERSE INVESTOR SHOULD USE THIS APPROACH LOH;
When everyone believes something is risky, their unwillingness to buy usually reduces the price to the point where it’s not risky. (55). THIS INSAS IS A GOOD EXAMPLE LOH...!! THE PRICE CAMEDOWN FROM ABOVE RM 1.10 RAIDER SOLD IN 2014, TO RM 0.67 IN 2019 AT PE 6.5X LOH..!!
SINCE INSAS WITH HUGE CASH AND REDUCE SHARE PRICE MAKE IT A SCREAMING SAFE MARGIN OF SAFETY BUY WITH OPPORTUNITY TO MAKE HUGE SIZE PROFIT LOH!

When everyone believes something embodies no risk, they usually bid it up to the point where it’s enormously risky. (56). THIS IS PRECISELY THAT 3iii AND PHILIP DOING CALLING BUY ABOVE PE 50 ENDANGERING I3 FOLLOWERS LOH, WITH NESTLE AND QL BID UP TO UNSUSTAIN LEVEL MAH!

High quality assets can be risky, and low quality assets can be safe. It’s just a matter of the price paid for them. (56). THATS WHY RAIDER SAY IT IS BETTER TO BUY INSAS THAN QL MAH...IF U MEASURE BUY MARGIN OF SAFETY LOH...!!


stockraider
20977 posts

Posted by stockraider > Feb 9, 2019 1:30 PM | Report Abuse

Risk control is the best route to loss avoidance. Risk avoidance, on the other hand, is likely to lead to return avoidance as well. (65)

The road to long-term investment success runs through risk control more than through aggressiveness. (66). THIS PRECISELY WHAT HAPPEN TO SIFU PHILIP LOST BIG IN AOKAM & RENONG BCOS NO RISK CONTROL LOH..!!

Most investors’ results will be determined more by how many losers they have, and how bad they are, than by the greatness of their winners. (66)
Skillful risk control is the mark of the superior investor. (660}
THATS WHY RAIDER SAYS CALVIN TAN COULD BE A BETTER AND SAFER THAN PHILIP MAH...!!

You can’t predict. You can Prepare. (67)
Most things prove to be cyclical. (67). THIS IS BCOS CALVIN TAN KNOW HOW TO DRIVE FWD, BRAKE AND REVERSE LOH..!!

Cycles will never stop occurring. If there were such a thing as a completely efficient market, and if people really made decisions in a calculating and unemotional manner, perhaps cycles (or at least their extremes) would be banished. But that’ll never be the case. (71)
When investors in general are too risk-tolerant, security prices can embody more risk than they do return. When investors are too risk-adverse, prices can offer more return than risk. (75)

The biggest investing errors come not from factors that are informational or analytical, but from those that are psychological.(80).

ALOT OF INVESTOR MISUNDERSTOOD THE KINDNESS OF CALVIN TAN RECOMMENDING QUIET, UNLOVED BORING STOCK TO I3 INVESTOR MAH
There’s only one way to describe most investors: trend followers. Superior investors are the exact opposite. (91)

The proper response lies in contrarian behavior: buy when they hate ‘em, and sell when they love ‘em. (93)
Investment success requires sticking with position made uncomfortable by their variance with popular opinion. (94)


stockraider
20977 posts

Posted by stockraider > Feb 9, 2019 1:41 PM | Report Abuse

THATS WHY RAIDER N CALVIN TAN ARE HARPING ALL THE WHILE DON BE A SOOCHAI AND PHILIP AND 3iii ARE ENCOURAGING U ALL TO BE ONE LOH..!!
DON GET ME WRONG...PHILIP AND 3iii ARE DEFINITELY NOT SOOCHAI BCOS THEY BOUGHT QL AND NESTLE VERY CHEAP LOH...BUT IF U FOLLOW THE 2 JOKER TO CHASE OVERVALUE NESTLE AND QL NOW U R THE SOOCHAI LOH...!!

The ultimately most profitable investment actions are by definition contrarian: you’re buying when everyone else is selling (and the price is thus low) or you’re selling when everyone else is buying (and price is high). (95)

The thing I find most interesting about investing is how paradoxical it is: how often the things that seem most obvious—on which everyone agrees—turn out not to be true. (95)
What’s clear to the broad consensus of investors is almost always wrong. (95).The very coalescing of popular opinion behind an investment tends to eliminate its profit potential. (95)

If everyone likes it, there’s significant risk that prices will fall if the crowd changes its collective mind and moves for the exit. (96)


REMEMBER THIS LOH..!!
Large amounts of money aren’t made by buying what everybody likes. They’re made by buying what everybody underestimates. (96)
In dealing with the future, we must think about two things: (a) what might happen and (b) the probability that it will happen. (97)

3iii AND PHILIP ARE ENCOURAGING HERD THINKING LOH
Following the beliefs of the herd will give you average performance in the long run and can get you killed at the extremes. (97)

The error is clear. The herd applies optimism at the top and pessimism at the bottom. (98)
It’s not what you buy; it’s what you pay for it. (102)

INSAS CAN BE QUALITY BUY AND NESTLE & QL CAN BE VERY HIGH RISK LOH..!!
A high quality asset can constitute a good or bad buy, and a low quality asset can constitute a good or bad buy. (102)
The necessary condition for the existence of bargains is that perception has to be considerably worse that reality. (105)

It’s essential for investment success that we recognize the condition of the market and decide on our actions accordingly. (108)
One way to be selective is by making every effort to ascertain whether we’re in a low return environment or a high-return environment. (110)

THATS WHY RAIDER ALWAYS SAY IF U BUY NESTLE AND QL AT HIGH PRICE U INVITE UNDER PERFORMANCE LOH...!!
When prices are high, it’s inescapable that prospective returns are low (and risks are high). (111)


stockraider
20977 posts

Posted by stockraider > Feb 9, 2019 1:49 PM | Report Abuse

U NEED TO BE SMART AND TAKE BIGGER RISK WHEN PEOPLE ARE PANICKING LOH....!!

You want to take risk when others are fleeing from it, not when they’re competing with you to do so. (113)
High-return environments offer opportunities for generous returns through purchases at low prices, and typically these can be earned with low risk. (113). WHEN U BOUGHT AT PANIC PRICE MEANS HIGH RETURN LOW RISK MAH...!!

INSAS IS A SAFE PATIENCE BALANCE HIGH RETURN INVESTMENT MAH..!!
Patient opportunism, buttressed by a contrarian attitude and strong balance sheet, can yield amazing profits during meltdowns. (115)

There are two kinds of people who lose money: those who know nothing and those who know everything. (116)
We may never know where we’re going, but we’d better have a good idea where we are…..and act accordingly. (125)

INVESTMENT IS A BALANCE OF PROFIT MAKING & RISK MANAGEMENT.
Randomness contributes to (or wrecks) investment records to a degree that few people appreciate fully. As a result, the dangers that lurk in thus-far-successful strategies often are underrated. (135)

The correctness of a decision can’t be judged from the outcome. (136)

Several things go together for those who view the world as an uncertain place: healthy respect for risk; awareness that we don’t know what the future holds; an understanding that the best we can do is view the future as a probability distribution and invest accordingly; insistence on defensive investing; and emphasis on avoiding pitfalls. To me that is what thoughtful investing is all about. (140)

You can’t simultaneously go all out for both profit making and loss avoidance. Each investor has to take a position regarding these goals, and usually that requires striking a reasonable balance. (141)


stockraider
20977 posts

Posted by stockraider > Feb 9, 2019 2:02 PM | Report Abuse

U NEED TO UNDERSTAND WHY SIFU CALVIN TAN DIVERSIFY SO MUCH ?? TO BALANCE THE RISK AND RETURN LOH....!!

THE ROLE OF DEFENSIVE SIFU CALVIN TAN
The bottom line is that even highly skilled investors can be guilty of mis-hits, and the overaggressive shot can easily lose them the match. Thus, defense — significant emphasis on keeping things from going wrong — is an important part of every investor’s game. (143)

Defense actually can be seen as an attempt at higher returns, but more through the avoidance of minuses than through the inclusion of pluses, and more through consistent but perhaps moderate progress than through occasional flashes of brilliance. (145)

There are two principal elements in investment defense. The first is the exclusion of losers from portfolios. The second element is the avoidance of poor years and, especially, exposure to meltdown in crashes. (145)

THAT IS THE REASON FOR THE ESSENTIAL NEED OF DIVERSIFICATION
Investment defense requires thoughtful diversification, limits on the overall riskiness borne, and a general tilt toward safety. (146)

Low price is the ultimate source of margin for error. (147)

I believe in many cases, the avoidance of losses and terrible years is more easily achieved than repeated greatness, and thus risk control is more likely to create a solid foundation for a superior long-term track record. (151)

Investing scared, requiring good value and a substantial margin for error, and being conscious of what you don’t know and can’t control are hallmarks of the best investors I know. (151)

REMEMBER NO ONE GOT BURST FOR TAKING TOO LITTLE RISK LOH..!!
A portfolio that contains too little risk can make you underperform in a bull market, but no one ever went bust from that; there are far worse fates. (153)

Extremes in cycles and trends don’t occur often, and thus they’re not a frequent source of error, but they give rise to the largest errors. (154)
The power of herd psychology to compel conformity and capitulation is nearly irresistible, making it essential that investors resist them. (154)

DO NOT EXTRAPOLATE OVERVALUE QL AND NESTLE PERFORMANCE WHEN IT IS HIGHLY OVERVALUE MAH.!
At important turning points, when the future stops, being like the past, extrapolation fails and large amounts of money are either lost or not made. (155).
Understanding and anticipating the power of correlation — and thus the limitations of diversification — is a principal aspect of risk control and portfolio management. (156)

THIS IS PRECISELY EXPLAIN WHY SOOCHAI CAN ACCEPT OVERVALUE QL AND NESTLE AT PE 50X AND ABOVE LOH...!!

The failure to correctly anticipate co-movement within a portfolio is a critical source of investment error.
When capital is in oversupply investors compete for deals by accepting low returns and a slender margin of error. (159)

THATS WHY WARREN BUFFET AND SIFU BEN INSIST MARGIN OF SAFETY.
Bidding more for something is the same as saying you’ll take less for your money. (160)
The best defense against loss is thorough, insightful analysis and insistence on what Warren Buffett calls “margin for error”. (160)

Leverage magnifies outcomes but doesn’t add value. (161)

Asymmetry — better performance on the upside than on the downside relative to what your style alone would produce — should be every investor’s goal. (172)
To achieve superior investment results, your insight into value has to be superior. Thus you must learn things others don’t, see things differently or do a better job of analyzing them — ideally, all three. (173)

MARGIN OF SAFETY HOLD THE KEY TO UNLOCKING GREAT RETURN MAH..!!
The relationship between price and value hold the ultimate key to investment success. (174)

Because of differences in correlation, individual investments of the same absolute riskiness can be combined in different ways to form portfolios with widely varying total risk levels. (177)
A diversified portfolio of investments, each of which is unlikely to produce significant loss, is a good start toward investment success.” (177)


stockraider
20977 posts

Posted by stockraider > Feb 9, 2019 6:27 PM | Report Abuse

CONCLUSION OF AH JON CHIVO LOH....!!

Conclusion

In investing and to a large extent life, where to best apply our focus and skills depends partially on where others are applying theirs.

Everyone else, please predict quarters more, play TA etc with each other, looking at chart and computer screen all day long and focus on winning in the zero sum game. Please go find out where steel, currency, and palm oil price are. Whether it is making HBI or KNN.

Leave the rest to me!

Value investing does not work in Malaysia! Let me be the only sorchai following it!

And unlike other people, i dont need anyone supporting the price of my investments!

RAIDER TOTALLY AGREE WITH AH JON CHIVO LOH...!!


stockraider
20977 posts

Posted by stockraider > Feb 9, 2019 6:37 PM | Report Abuse

Posted by probability > Feb 9, 2019 06:36 PM | Report Abuse

contrarian being right (right & non consensus) is when you know something more on the valuation of the stocks compared to the majority who cannot see it....


i3 is a good place to share it and verify if your insights is better than the consensus...
.......................

Icon and a few other sifus many times shared such insights to let themself and others in i3 gain in the process of discovering.

Philip insights so far does not appear convincing...

Cute Jon does not even have an insight...

Koon shares wrong insights and made many in i3 lost their hard earned money..


i3 is a great place to share

thank you


Anthony Shi
12 posts

Posted by Anthony Shi > Jul 11, 2019 5:47 PM | Report Abuse

Hi KcChongNZ,

Excellent article on MOS. Would like to get your feedback on whether this is an appropriate way to measure MOS. More particularly, if there are any other risks I'm missing (I am not familiar with the Malaysian market).

This writeup is about Mulpha. Cheers! https://sites.google.com/view/TheBadInvestor#h.p_UYnq7upShHG5


kcchongnz
6656 posts

Posted by kcchongnz > Jul 11, 2019 6:09 PM | Report Abuse

Anthony,

It certainly is, but in another way.


stockraider
20977 posts

Posted by stockraider > Jul 12, 2019 10:00 AM | Report Abuse

MARGIN OF SAFETY BASED ON EARNINGS ARE MORE VOLATILE THAN BASED ON ASSETS VALUE LOH...!!

THATS WHY WALTER SCHOLL PREFER ASSETS VALUATION AS AN ANCHOR BASIS OF MARGIN OF SAFETY LOH..!!

EARNINGS BASIS OF MARGIN OF SAFETY, HOWEVER WILL RESULT IN FASTER BASIS OF APPRECIATION LOH.....!!

Posted by stockraider > Jul 10, 2019 1:26 PM | Report Abuse X

U keep quoting hengyuan for what, i already make monies on this counter....mah...!!

Yes learn from raider on hengyuan ...how to maximise gain by riding on the upside of this share & learn how to cutwin, when the tide turn and it is not on your side loh...!!

THE RIGHTFUL ADVICE SHOULD BE AS FOLLOWS LOH..!!

Posted by 3iii > Jul 10, 2019 3:53 PM | Report Abuse

raider: Son, here is this bible of investing. Read this and invest well.

raider Jr: Dad, yes. I have read this from cover to cover already. Please teach me how to find undervalued stocks, Benjamin Graham's type.

raider: Hengyuan is very undervalued at Rm 2.50. Big margin of safety. PE of 3. Look at Petdag. PE of 26x. Hengyuan is as good a business as Petdag, if not better. It should enjoy a PE the same as that of Petdag.

raider Jr: Yes, dad. After i heard from u i research & find out for myself. Do u think Rm 10.00 the intrinsic value for Hengyuan .?

raider: Son, easily at least $45. U already Buy at Rm 2.50 and now hold. You will be very rich but remember if u invest based on profit, it is highly volatile this can disappear very fast. Meanwhile u may ride the wave of upside, as long as profit remain growth.

raider Jr: Now it is Rm 10.00 should i sell dad ?.

Raider: Profit growth is it still there ?, if yes why must u sell ? u ride the wave .

raider jr: It has hit above Rm 19.50 and now fallen back to Rm 18.00 and now again crossing below Rm 15.00 should i sell ?? Hengyuan result just came out, its below expectation, should i still hold ??

raider: Get the hell out, cut your win and enjoy your fruits, do not hold hengyuan anymore, take profit quickly at any price since your sell call is triggered.

raider jr, Quickly sold hengyuan at rm 13.00 {even it has further fallen from Rm 15.00 to Rm 13.00}, he just make a tidy profit of rm 10.00 per share, he proud that he did not argue with his dad.

THE MORAL OF THE STORY IS THAT, IF U STICK TO RAIDER ADVICE ON HENGYUAN U CAN STILL MAKE A TIDY PROFIT LOH...!!

WHEN YOUR ANCHOR FOR VALUATION ON HENGYUAN IS PROFIT, WHEN PROFIT GROWTH FALTER FALTER, U BETTER RUN FAST WITHOUT ARGUEMENT, IN ORDER TO PROTECT YOUR PROFIT.

DO NOT SIMPLY RUN, IF YOUR SELL MECHANISM HAS NOT BEEN TRIGGERED, U Shoould CONTINUE RIDE THE WAVE 1ST.
IF U SELL HENGYUAN AT RM 5.00 B4 SELL mechanism IS TRIGGER...U ONLY MAKE 100%, but U MISS YOUR OPPORTUNITY TO MAKE 400% WITHOUT RIDING WAVE LOH..!!

THIS IS WHAT RAIDER ADVICE TO I3 readers too. Raider ask them to run when Hengyuan is at Rm 13.00.

U need to realize the initial valuation of Rm 32 and Rm 45 no longer valid when the profit growth fell, thus the sell mechanism trigger a sell when earnings falter..!!


stockraider
20977 posts

Posted by stockraider > Jul 12, 2019 10:00 AM | Report Abuse

So whenever u invest always ask yourself where is your margin safety anchored ??

Is it profit growth ??

Low PE ??

Strong Cashflow ?

Strong dividend ?

High NTA ?

Huge Hidden Reserve ??

High cash holdings ??

If the anchored u highly depended on for your initial investment falter, n no longer valid, u better run quickly & swift b4 too late loh....!!

U quickly lock in your profit & cut your losses fast loh...!!

If the sell not trigger, u hold & ride your gain loh....!!


stockraider
20977 posts

Posted by stockraider > Jul 12, 2019 11:06 AM |

Post removed. Why?

 Post Reply   Back  
Page 1 2 3 4 5 6 7
APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Perform Technical & Fundamental Analysis on Stocks
MQ Affiliate
Earn rewards by referring your friends
 
 

564  409  601  26 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 TRIVE-OR 0.0050.00 
 QES 0.38+0.04 
 KSTAR 0.21-0.045 
 DNEX 0.26+0.005 
 BIOHLDG 0.30+0.04 
 DYNACIA 0.120.00 
 LAMBO 0.030.00 
 MCLEAN 0.325+0.095 
 AT 0.180.00 
 VSOLAR 0.040.00 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!

TOP ARTICLES

1. Supermax record profit must prevail - Koon Yew Yin Koon Yew Yin's Blog
2. Biden Presidency Spells Good Times for Malaysian Gloves Trying to Make Sense Bursa Investments
3. Jaks Resources - Final Update :- Jaks Hai Duong Power Plant achieved FULL COD ! DK
4. A BEARISH outlook for Covid-19. GENERAL
5. BREAKING [Complete Economic Shutdown]: (Actual) Eurocham Letter to Members (dated 23 Jan 2021) following meeting with MITI on 22 Jan 2021 A blog to publish and share information
6. KLCI waves 42 - Two Possible KLCI Waves Outcome and 2 BEST Glove Waves (HARTA & TOPGLOVE) KLCI waves
7. [转贴] [Video:浅谈DAGANG NEXCHANGE BHD, DNEX, 4456] - James的股票投资James Share Investing James的股票投资James Share Investing
8. Think-tank: Total lockdown would bring Malaysia to brink of economic collapse save malaysia!
PARTNERS & BROKERS