I read an article discussing about the poor performance of fund managers and suddenly a paragraph with my name again like this appears:

KC Chong:
As much as I do not like to criticize or continue to argue with KC Chong, I need to response to his article which he posted on i3investor a few days ago. He purposely expressed doubt of my success in using my golden rule. Unlike financial institutional analysts who are marketing shares, KC Chong is marketing his teaching programme.

Me: I do have plenty of doubts that this ‘Golden Rule” that says stock price will rise when the quarterly results show increased profit. This is a discussion about a subject matter, nothing to do with personality. I have explained why I said that in my article here,

http://klse.i3investor.com/blogs/kcchongnz/111934.jsp

I share with readers in the link above, from my own personal experience, of the stocks I have invested in, with all the data and results, that this rule didn’t apply in my case.

I gave all the reasons why the “Golden rule” is not a plausible strategy, rather, earnings surprise should be the more should be the more appropriate reason, that the stock price will go up if the company announces a positve earnings surprise, and vice versa.

But this so-called “Golden Rule” is an investment strategy, to buy the stock when quarterly results show increased profit, and sell otherwise. There are others who apply it too, and seemed to be successful. Fair enough.

However, it is laughable that this “Golden Rule” seems to be owned solely by someone. It is as if it is his property, that no one can disagree with it. No one can dispute it. No one should talk about it if their views are different.

Is there anything wrong with KC Chong marketing his teaching program as ridiculed by you?

Is there anything wrong for KC Chong to earn some honest income for all the hard works he has put in?

Please read the comments in the Appendix. Sorry, for space constraints, I just post a few comments only.

He writes like a professor of finance using all the accounting jargons he can find to impress potential buyers of his product. He frequently posts his articles on i3investor to attract more students. He even has the audacity to run me down to promote his product.

Me: I am an engineer, not a professor of finance, although I do have a Master in Finance. And I am a finance person, not an accountant. I have read a lot about finance and investing, and have some experience in investing, I believe.

Which ones in my article are “Accounting jargon” to you? let me know and maybe I can try to explain to you in layman terms.

http://klse.i3investor.com/blogs/kcchongnz/111934.jsp

I do write many articles and my articles are mostly educational. Yes, there do appear to entice students to take up my online investment course. But please refer to the comments in the Appendix again and see who would benefit more from the course.

Which person is more credible; one who earns a honest living through hard work, and one who steal, one who robs, or earn a lot by dishonest ways?

I “run you down”? Please read my article again a few more times, if the article is for sharing my knowledge and experience, with facts and figures, to benefit the readers, with a different view, or to run you down?

Why can’t anyone share his experience which may be different from yours?

Why would want to “run down” a respectable person in the society? Certainly not me.

All potential buyers must insist KC Chong to show proof that he himself has made a lot of money. He must show his track record. How much money has he made in his life time from share investment?

Me: Only rich people can teach? How do you want me to show “proof” that I have made a lot of money? Only rich people can talk? Only rich people are good at investment? Only people who have made a lot of money from share investment, can teach, can talk? Only rich people can stand up tall, and people who do not have millions must stoop down, and can’t even look up?

Track record? What about these?

http://klse.i3investor.com/blogs/kcchongnz/103906.jsp

http://klse.i3investor.com/blogs/kcchongnz/98798.jsp

These are all established record in a public forum in i3investor since four years ago.

But it seems like you want me to prove to you how much money, in absolute term, that I have made, that I must make hundreds of million like you have done, before I can teach, before I can talk, before I can share with others my knowledge and experience, before I can stand up tall.

I have told you I have just a tiny weeny fraction of what you have told the whole world that you are worth. But let me tell you this too. I have enough for my retirement. Not much, but I am a very happy man. I believe I am far happier than many very rich people whom, what they have left is just money, money one can’t bring to the grave.

Is it I "run you down", or you try to run medown with your this statement?

Common sense will tell you that if KC Chong is so successful, he would not have to continue begging for more students to buy his teaching programme.

Me: Begging? Aiyah, why you want to “break my rice bowl” again? You already say I need to “beg” for students. Don’t be so bad lah! After all, remember, I have done you a favour by saving you million by selling off your MudaJaya, Jayatiasa twice their prices, and XingQuan at more than 10 times their prices now.

http://klse.i3investor.com/blogs/kcchongnz/110836.jsp

And remember what I have said after your apology to me about all the bad things you have said about me in the link below?

[Let us make this “common ground” as mentioned by you to be doing something good for the society; you continue to do your philanthropic works and writing whatever interest you, and I continue to educate the public on fundamental value investing (FVI) for a better investing environment.

You remain as one I respect of in your philanthropic and social contributions to the society.]

http://klse.i3investor.com/blogs/kcchongnz/110911.jsp

This reminds me of a maxim I have been teaching to my students in the online investment course,

"If something appears to be too good to be ture, it probably is."

Please forgive me for depending my "rice bowl".

Good night and sweet dream.

KC Chong

Appendix

Comments

[Posted by Ooi Teik Bee > Jun 24, 2015 08:53 AM | Report Abuse

I want to give credit to Kcchongnz, he is the best FA Sifu, I learned the most from him. I had paid a lot of money to attend many FA courses, at the end I learned the most is still from him. I am a proud person, I will not appreciate you unless you are very good.
To be honest, I am not that good until I learn up FA from him. I had been making a lot of money in last 3 years especially 2014 despite market crash.

I was called up by a company which provide TA and FA teaching in the market, this company charged the fee > Rm 10,000 for the full course.
Mr Ooi, since you are a good friend of KC Chong, please tell him not to spoilt the market to charge so cheap in his course.
Likewise, Mr Ooi, you also should not spoilt the market too.]
 

Posted by Intelligent Investor > Dec 21, 2015 08:24 PM | Report Abuse

An investment in Mr. Chong course provide me the ever best return.

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

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!

Posted by joe2703 > Dec 21, 2015 10:22 PM | Report Abuse

An investment in knowledge pays the best interest.... I've learned so much from your online course and I made quite some good profit with the knowledge that you taught me, thank you very much and Merry X'mas!

Hi KC, Thank you very much for guiding us through your quality value investing course. I do benefit immensely from your course. The concept in value investing is simple - to buy good stocks at a cheap price. However, I didn't know how to evaluate a "good" and "cheap" stock until I joined your course. Apart from that, I have learned to evaluate another important yet overlooked key - the cash flow statement, when analyzing a company. A book holds a house of gold! 书中自有黄金屋 There are a lot of gems, together with potential red flags to be discovered from the financial statements (income, balanced and cash flow) in the earning announcement / audited account / annual report. With the ability to differentiate quality earning, balanced sheet and cash flow, this will certainly help us to avoid the lemons and spot some of the shenanigans. Having the ability and knowledge to evaluate a company is priceless! on Closing Bell

Lam Kun Onn

Dear KC,

I may not be an active participant so far but I can assure you that I am looking at every content you sent so far. And, I must say the few hundred dollar which I spent is nothing compare to the value you have delivered. Your humility, patience and generosity in knowledge sharing is something that I must imitate and learn from you. Once again, thank you and wish you great days and years ahead in knowledge sharing.

Best regards, Lam

Posted by Atarah > Jun 5, 2015 12:30 PM | Report Abuse

I normally do not comment much now a day. Why because i have humbled myself and have start looking at the reality of myself. I have been trading for last 25 years and i look at where I am today. I did not even make more than RM 5 ringit in other Is in negative stage of return -1000% . I ask myself why ? The answers is Failure to invest in myself in especially "investment knowledge".
When KC Chong offers to teach us (me) for just a mamak nasi lemak and one teh price a day... I almost fall down off my chair. I have seek around and ask for the same teaching or guidance how much I will have to pay ? The price range from RM400 to RM2999 for two days course ok plus weekend just say 5 days course.
I am with him now for one month and the PDF teaching he sent us with assignment which I always fail to submit is so enriching. Every weeks I learns new thing and I will learns this for next 7 months before I graduate.
To cut the story short.... INVEST IN YOURSELF while you still can....
I am not promoting KC.. I am saying do not be like me .. naive and still searching .. I hope I can learns from a good guru here.... Now I have shown you and do not say I did not tell you.
All the best.
Atarah

Hi KC,

I think so far you have done best for all of us. I really appreciate your hard work, time, effort & patient on delivering this training even though the fee that you charge is very less or I can say nothing.

I'm really happy with my self, prior to this i don't even though a simple ratio like PE, EPS, ROE, ROIC, etc but now i can say i'm improving a lot, i have clear & good understanding on income statement & balance sheet now. 

Many thanks Sifu, thats what I address you when I talk to my wife. :)

Thanks,

Fonseka

Dear KC:

I never thought that this course will end so soon, any reason for ending so soon?

Hope you can consider to prolong the course,  i still have a lot of things need to learn from you. 

Frankly speaking, i never meet a guy like you, sharing all this valuable tools with me. I'm consider that you are one of my 贵人 during my lifetime.

thanks,

regards,

ch chai

Kc , I have never been so sad when my teacher tells me I am almost "graduating" . Even tho this is time consuming , I had a lot of fun learning .  Studying with like -minded people and the discussions are helpful , as oppose to forums like I3 where  there are many people who don't make much sense .

Let me share something with you . I started investing when I graduated about 5-6 years ago. I would arm my self with investment books and try very hard to understand them . All I knew were the basic P/E , ROE , P/B etc... but I could never put them all together . This is especially true for income statement , balance sheet . I just could not figure out their relationship together. It is no surprise I "paid" for these lessons with losses of my hard earn savings.

I remember few years ago , i was trying to learn DCF  by reading books , and ultimately giving up because I just could not fully grasp it and I had no one to ask for advice. Because of that , all the "valuation" i knew was P/E and P/B and I would buy stocks based on that . Big Mistake .

I can't tell you how pleased I was when you marked my recent DCF homework and said it was ok.

Of course I know there are still big gaps in my financial knowledge and there is much more to learn. At least now , I have some foundation knowledge which I can built on in the future.

dot phang25 October 2014 20:19

I have been in the market years ago but eating lemons. Didnt seriously learn as I saw KLSE as Goreng plc than fundamental. Then i started to read hopefully not wounded again but as I have told MrChong a while ago that I have TRIED reading some investment books but after some pages, I was in Wonderland.
But Mr Chong has given me a guided path on how to better prepare oneself in value investing. Steps by steps is shown in telling what is a good co & bad co & not falling into traps!
TQ MrChong again!
 

Posted by nokenzo > Oct 18, 2014 12:24 PM | Report Abuse

I strongly recommend any one who wants to make money in stock market to learn from Mr KC Chong, my most revered guru! I knew next to nothing about finance, let alone financial analysis, and I followed his financial course, so, on last Wednesday and Thursday, when there was blood bath, I dare to nibble certain stocks with confidence, and on Friday, I was one of the happy men in KLSE small time retailer. Of course anything can happen for the next few weeks but certainly, I am not SCARED. I am looking at 3 to 5 years' price! So, do you think you want this type of investment or just to listen to rumour or the so called certain analysts' recommendation?
Join me to attend Mr KC Chong's financial course, you won't regret.
Cheers!