WHAT THEY TEACH (DOESN'T MEAN YOU UNDERSTAND) YOU IN SCHOOL?

In school, most of us are taught on financial ratio and indicators such as ROE, PAT Margin, P/B, P/E, ROIC, EBITDA, EV/EBITDA, DY, FCF, FCF/Share, Discounted CF etc.

For more sophiscated investors who learned from their CFA course, Portfolio Theory, CAPM, Beta, Risk return, Risk adjusted return, and many more.

WHAT THEY DID NOT TEACH YOU IN SCHOOL?

Basically, it cannot be taught in school, like patience, courage, and conviction.  Is it important? Yes, yet they cannot be measured.  Well, we can learn a bit about psychology of investing and we cannot apply it on patience, courage, and conviction.

Since it cannot be taught by any master, only you yourself can master this ART.  And I believe a great investor as they graduate from the beginner or intermediate, he has to cultivate these 3 qualities.

One that we notice very clearly is TTB.  He did not buy any shares since 2011? 5 years.  Tell me who has this type of patience, courage and conviction.  I am not saying he is right, I am saying he has these characteristics, that's all.  We walks a lonely road.  

While we are discussing these characteristics, I came across an article, this lady (fund manager) make a superb call on IFCA when it was traded at 8 sen and went up as high as RM1.70.  If you put in RM75,000, you would have become a millionaire if you sell at the peak.  I also read, a high rank fella from private equity, invested 15 million shares in this company and makes million when IFCA price increase from 20 over sen to 50 over sen.

SO, THE QUESTION IS, IS THERE AN ART TO CHOOSE STOCKS LIKE IFCA?