Intelligent Investing
Decision tree before buying - This will improve your return
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Decision tree systematize the decision-making process in a visual way and prevents us from mental hacking, a mental shortcut that save time and reduce stress of making a decision. Mental shortcut works well in most of our daily decision i.e what to have for lunch; netflix or catch up with friends etc, and it is essential, but can be disastrous when applied to investing.
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2 people like this. Showing 17 of 17 comments
Ricky has been putting too much weight on analytical skills & calculation, he is no doubt one of the best in i3 BUT not a good stock picker
2016-11-05 14:45
those are good questions to ask but just too convoluted in presentation. essentially, it's asking the 5 questions. it would be easier to the eyes and thought process if you lay it out in horizontal or vertical presentation. if yes then proceed right or down to the next question, if no then chuck it to the bottom or the side (don't buy)
or alternatively if you prefer thinking in circles, it is also possible.
decision tree is supposed to be as simple as possible. this could be a reflection of your current state of mind. my suggestion is don't overcomplicate things when it can be straightforward. many great minds often opt for complex solutions and get confused when there's more logical and intuitive alternatives.
hope this helps...
2016-11-05 17:46
thanks for the feedback. It is a 3rd to 4th draft that needs more draft to refine it, so no, not a reflection of my mind, just a progression of my mind.
Perhaps people does get confused by those twist and turn arrows, if that is what you mean by 'complex' and 'confused'.
2016-11-05 18:40
KLSE is full of junk rated company
The good company don't even want to list it or they rather took it privately
:)
2016-11-06 00:46
PlsGiveBonus, then why you are here? Like that sure die one, FD is safer for you.
2016-11-06 01:00
I like to buy junk and ask people to buy junk too
Even if it is junk, it still can perform
:)
A003
10 posts
Posted by A003 > Nov 6, 2016 01:00 AM | Report Abuse
PlsGiveBonus, then why you are here? Like that sure die one, FD is safer for you.
2016-11-06 01:48
haha, I see, you are right, Even if it is junk, it still can perform. As long as someone willing to pay higher later, why not， right?
2016-11-06 01:50
Everyone like it, director very happy
:)
Posted by A003 > Nov 6, 2016 01:50 AM | Report Abuse
haha, I see, you are right, Even if it is junk, it still can perform. As long as someone willing to pay higher later, why not， right?
2016-11-06 02:01
My decision tree would be slightly different in the sense that even if the idea does not beat the best idea I have I may still buy it if there is sufficient margin of safety. If it is the best idea I have, I may weight it higher. I prefer to diversify.
2016-11-06 08:04
yea if the next best idea in portfolio has already reached the desired allocation %
2016-11-06 09:00
may appear too obvious , too simple.
but it is the obvious , the simple , that if practised over a life time starting from young that can make a real difference.
a good habit, an excellent habit. ...
2016-11-06 09:23
Decision tree for veteran:
1. Is the cold eye got buy? Yes go to 2, No don't buy
2. Is the stock very hot recently? Yes go to 3, No don't buy
3. Is the next quarterly result is coming out soon? Yes go to 4, No don't buy
4. Buy
:)
2016-11-06 12:15
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
buddyinvest
Tq
2016-11-05 13:12