My last posting in the link below receives more than 8500 views and 58 comments in less than 2 days.

http://klse.i3investor.com/blogs/kcchongnz/84797.jsp

It is not a matter of how many comments, but how many good comments. Good comments do not only mean all “shioky” praises and compliments, but also critical and constructive comments from people not necessary agreeable with me. Those comments I received are almost all, actually I consider it as all, are “shioky” comments.

Thank you for all the kind words and the moral support for me to carry on writing; some from my course participants, some from my friends and e-friends, some I just do not know them.

Also thanks a couple of them who are critical about my investing strategies as expressed in this thread, but without the terms like "talk cock", "empty tong", "rubbish", "Bull shit", "misleading' etc.
 

I have to specifically mention about this one with a simple statement from him, as I have learned a great deal of things from the past:

[Posted by luzeeker > Oct 20, 2015 09:52 PM | Report Abuse
Keep writing KC, you wrote good articles.]

So looks like I am "obliged" to keep on writing, because the guy above who wrote great articles had stopped writing and there are very limited great investment Bloggers I can refer to now.

Well, it is better not to keep on harping on those good comments anymore and get “shiok” myself, but I would like to share with you some of my views on investing by referring to some very critical and flowery comments appear in the other thread.

Let us start with some mild comments first.

[Posted by Alpha Trader > Oct 20, 2015 02:09 PM | Report Abuse

Kc invest based on his professor knowledge, Koon invest based on his entrepeunership experience
If professor is correct, you will see them appear in the top 100 forbes list already, book worms cant replace people like Mr Koon la, Kc Chong will miss a lot of stocks definitely

Posted by Alpha Trader > Oct 20, 2015 05:09 PM | Report Abuse

Whichever you follow you could make money, you just have to know what majority of the people like in this kind of environment
KC said SUCCESS WAS NOT INVESTABLE AT 1.40, LOOK AT TODAY'S PRICE AT RM1.82, where is KC now?]

]Posted by feliz > Oct 20, 2015 08:20 PM | Report Abuse

Another stock which was bad-mouthed by kc chong a few months back is Success. Boy, take a look at how the stock moved up recently. It proves this guy wrong again big time.]

Hi, KC is here, and I am always here. So what do you want to discuss with me?

I wrote an article on Success Transformers about two weeks ago here:

http://klse.i3investor.com/blogs/kcchongnz/82565.jsp

Its share price shot up immediately. Aren’t you happy that I have written the article and as a result, you made quick and big bucks? So are you looking for me to give me a treat, or are you saying I am wrong about what I have written about the cash flows of the company, just because its share price has shot up these few days? Have I talked about what its share price would be?

But let me ask you what did I talk about in the article? Did I say it “WAS NOT INVESTABLE”? Do you understand what I was talking about in the article?

Yes, I talked about Success’s poor cash flows. So remember, every time I talk about poor cash flows of a company, any company, just go and grab its shares. Use margin finance as much as possible, its share price will sure go up, and you will sure make big money.

For your information, I am no professor, although I have a Master in Finance. But I have mentioned what is thought in university is not much use in real life investing.

Am I a bookworm? Why do you mention bookworm? A professor, and a bookworm? Have I used any Greeks?

Cash flows for a business is simple thing. You pay cash to for the operations, and receive cash when you sell goods and services. The difference of the cash in and cash out is the cash flows from operations (CFFO). Then from the CFFO, you spend money to buy new plant and equipment, what is remained is free cash flows (FCF).

Is this cash flows thingy such a complicated formula, a jargon, which can mislead you? I have housewives in my courses and some of them are not good at maths but they can add and minus perfectly well. I can’t imagine you say it is complicated and misleading.

So I encourage you to read what this cash flow thingy is here:

http://klse.i3investor.com/blogs/kcchongnz/83903.jsp

http://klse.i3investor.com/blogs/kcchongnz/83959.jsp

http://klse.i3investor.com/blogs/kcchongnz/76694.jsp

I have alsowritten an article on cash flows in details for this company, Latitude Tree long long time ago in the link below:

http://klse.i3investor.com/blogs/kcchongnz/48173.jsp

See the power of cash flows.

Return of equity is also very simple, just divided net income by the equity, and da da, you get ROE. Is that complicated, a jargon? My 5-year old grand nephew also knows how to compute this ratio, given the numbers.

Sure your statement here is correct, “Kc Chong will miss a lot of stocks definitely”.

In fact I have missed hundreds of stocks in Bursa. But haven’t you?

Remember what Buffet says:

“The stock market is a no-called-strike game. You don't have to swing at everything — you can wait for your pitch.”

But I am very curious about you this statement, “Whichever you follow you could make money, you just have to know what majority of the people like in this kind of environment”

Because all I know is this, and this makes much more sense:

“It is impossible to produce superior performance unless you do something different from the majority.”

Let us look at the comment from another one:

[Posted by BullRunComing > Oct 20, 2015 03:06 PM | Report Abuse

Simple idea of trading. As long as company is earning money, share price will surely go up. Too much of analysis will only make you fail. Entrepreneurship of Mr Koon made him a successful man. You cannot listen to a blogger and compare them. Listen to the people that have already succeeded.]

A company makes money and share price will go up?

Do you know that KNM has been making money every year since 10 years ago? 8 years ago its share price was touching RM10 apiece. And what is its share price now?

Do you also know London Biscuits have been making money every year too, not only making profit but increasing profit almost every year? Its share price was more than RM2.50 some years ago and look, what is its share price now.

Please refer to this link here. There are many more examples here.

http://klse.i3investor.com/blogs/kcchongnz/63777.jsp

Why do you say “Too much of analysis will only make you fail”? What evidence do you have? I did a lot of analysis for those stocks in the above link, and look how much I have helped those people who took heed of what I wrote there. So why do you think I have failed in my investment? We will talk more about it later.

I presume your statement here, “Listen to the people that have already succeeded” refers to his stock tips. But are you sure you will be successful doing that? Have you considered all those stock tips?

Below is an interesting comment:

[Posted by John Wong > Oct 20, 2015 03:05 PM | Report Abuse

When VS repays all the debt, cash flow becomes strong, VS price becomes RM20, KC Chong will call a buy.]

First of all for your information again, all my articles are for sharing of investment knowledge. Even when I talked about a particular stock, I never make a call to buy or sell, simple because I won’t know the share price performance of the stock in the future. Get that into your head please.

Secondly, I am a “cheap” person. I won’t want to pay for a RM40 curry mee in Bangsar Shopping Centre when I can get one for RM5 in a coffee shop which is as good.

Thirdly, a company must have free cash flows to pay down debt, and to pay dividends. How much does VS has in total of FCF for the last 7 long years, including the last year? Please read the link here. It is no complicated thing, no jargons, no bull shit, not misleading.

http://klse.i3investor.com/blogs/kcchongnz/83784.jsp

 Is it because of the economics of its business, or something else? I seriously don’t know. So I won’t stick my head out for something too difficult for me to fathom.

Note I am not saying this problem won’t be solved, it is just that it is too difficult for me and me, me and not you, won’t invest in it. I have scores of other one-foot hurdle than this 7-footer.

Here come the “tough” ones, some flowery comments from an “expert”.

[Posted by growthinvestor > Oct 20, 2015 04:36 PM | Report Abuse

Posted by koonthebest > Oct 20, 2015 01:48 PM | Report Abuse
empty tong PONG PONG PONG! where your bursa statement! PONG PONG PONG response got lah!
please post the bursa statement past 3-5 years.unless proven to be real, his writing and analysis can be justified rubbish.

Posted by growthinvestor > Oct 20, 2015 05:48 PM | Report Abuse

i use harsh word now.the empty tong kc analyse VS intrinsic value at RM3+ and you said 50% before at rm3+ good for long term?contradicting right.lose is lose.wrong is wrong.
proof the bursa statement past 3-5 years sure shuts up all critics.no proof no point talk why value investing is right!]

“Empty tong, pong, pong, pong.”

“Show me your Bursa statements past 3-5 years!”

“Rubbish”

“unless proven real, his writing and analysis is rubbish”

Wow! Serious man!

Why do I have to show you Bursa records for the last 5 years? I have never told you I have made so much money in the stock market in the first place. So do I have to prove anything to you?

How many times I have to tell you making a lot of money from the stock market is not something great. It doesn’t add any value to the society. In fact often manipulators making a lot of money from the stock market is extracting value from the society.

Okay you are right, I didn’t make any money at all. I helped others to make money. That is nobler, isn’t it? Read these:

[Posted by coolio > Oct 22, 2015 11:58 AM | Report Abuse

KC, please keep doing the good things you are doing now. I know you will just ignore those annoying sound out there, you know your quality.
I just want to take this opportunity to say thank you again because recently I have achieved 7 figure in my investing journey...hehehe.. Thanks for your investing methods, no 8 wonders in the world is really amazing!]

Since years ago, I have been in i3investors answering some questions from forumers here:

http://klse.i3investor.com/blogs/kcchongnz/75946.jsp

http://klse.i3investor.com/servlets/forum/900214344.jsp

Those people followed what I said were good stocks to invest in using the Coldeye 5 yardsticks would have easily earned 200% compared to the return of 20% of the broad market during the same period as shown in the first link above. I believe some of them do. Isn’t this a nobler act? Okay lah according to you I didn’t make any money at all since I don’t have the Bursa statements to show you.

“Empty tong, pong, pong, pong and rubbish”? That expert said.

Yeah, empty tong, pong, pong, pong, talk is of no use. Show!

Let us examine a real portfolio invested in Bursa using this value investing strategy up to today on 22^nd October 2015. I used this portfolio as an example for various reasons. Firstly, it is my portfolio, my own experience investing in Bursa for the last few years. This portfolio of mine is the longest I have with public record in i3investor, although I have owned it longer than that, but there is no record and so would be pong, pong, pong only.

Secondly this portfolio was published by a third party, a regular contributor in i3investor named Tan KW when it was formed in 21^st January 2013 here. So I play no part in showing off the portfolio or manipulate the stocks in the portfolio.

http://klse.i3investor.com/servlets/pfs/13147.jsp

Return of investing in good companies

Those stocks were chosen basing on the principle of the Magic Formula by Joel Greenblatt; buying good companies at cheap price. How intuitive it is. I encourage those who are interested in this investing strategy to read my article here. Guarantee it is not rubbish or pong, pong, pong.

http://klse.i3investor.com/blogs/kcchongnz/51631.jsp

All 10 stocks in the portfolio have positive total returns which varies from the lowest of 0% for Pantech to 373% for Prestariiang for the last two years and nine months as shown in the table below.

The average return is 116% with a median return of 66.5%, compared to 9.5% of the broad market during the same period. The excess return is a whopping 106%. RM100000 invested in this portfolio on 21^st January 2013 becomes RMRM216000 now, compared to RM110000 if invested in the top 30 stocks in Bursa.

Okay lah, I gave this portfolio to Tan KW for fun. I got no prove to show you I have invested in those stocks. But at least someone has made 7 digit figure as shown in the comment above, and he thanked me for that. That is satisfying by itself. Don’t you think so?

I have also used this Magic Formula for some furnituer stocks here:

http://klse.i3investor.com/blogs/kcchongnz/59705.jsp

See for yourself how amazing is this Magic Formula

Others who are interested in this strategy, and many other not pong pong pong strategy, can learn from me too for a small fee by emailing me at

ckc14training2@gmail.com

So now your turn to show us your record, Mr growthinvestor. Do you have anything to show, some good articles, or maybe your 3-5 years Bursa record? Or are you the one who is empty tong and pong, pong, pong?