des.....there are two ways to treat translation losses.

Some through the PL, some through the Comprehensive Account ( straight to Reserves)

calvin

the problem is no one ever measured their forecasts on a scientific basis.

if they do...they will find his forecast no better than chimps throwing darts.

must get a good education.

any Chinese children with good education, Malaysia is almost heaven like.

supply cannot keep up with demand.

supply of university graduates is a lot

but supply of well educated and good people is very very limited.

Calvin


Did you buy Jaks at 40 only to sell at 45 ?

must get a good education.

any Chinese children with good education, Malaysia is almost heaven like.

supply cannot keep up with demand.

with a level 1 thinking President......all forecasts are foolish.

actually the trump card is with China not Trump.

20-25% of China exports goes to US.....
100% of US Fortune 500 depends on China......

want a fight? lets have a fight.

juice

look at China......its obvious China wants stability above every thing else.....that is far from manipulation.

with Trump every stupid thing is possible.

I think I know Trump very well

It is narcissistic personality disorder mixed in with excessive level 1 thinking , zero level 2 thinking.

level 1 thinking is from the amydala, the reptilian brain, emotional, fast, flight or fight....very popular with cowboys.

level 2 thinking is from the frontal lobe, logical, handles complexity and serves as guard against the emotional brain....this is what professors do.

The onus is on the parents

Its not how many As, its how good the children are in English, Chinese and others skills.

The onus is on the parents.

When schools are hopeless, many parents still press their children to do well in school

Wrong strategy.

I think there is some agreement between Ah Jit and China to give them a good margin....look at the 20 sen increase/////!!!!!!



Buy.

Dr M does not come across as too much of a religious man.
Religion is a problem of the people he ruled, not of his doing.

like a professional poker player
should play with the odds, not play against the odds.


paperplane2016 Seldom. But sometimes do happen.

Plane

Have you ever seen one year big winner become next year big winner?

The odds of that happening?

No play play

consumers no money already


daily toll, GST and petrol prices, consumers can only eat roti canai.

Have there ever been a super investor who fall into the traps of random / temporary fluctuations?

They all have their own opinions well before the random fluctuations, not just react to them except to take advantage of random fluctuations.

up a bit you already want to sell 50%
up a bit more, all gone....trailing stop even worse.
trailing stop means you sell into the slightest wind.

How to be rich? really really rich?

when all gone, you go look for another company.

the dog chasing its tail. Never ends and if lucky, goes no where.

forget all that.

who has ever become rich, I mean really rich trading shares as opposed to finding a really exceptional company to invest in?

Ming dynasty no play play.

Ming dynasty no play play.

project focus, sailang
level 2 thinking using the frontal lobes and reasoning and published information

no speculations , no emotional roller coastal rides based on world news, just basic analysis and investing.

icon...you got the ingredients of a super investor.

but me...I am on some other counters.

message to all KYY mentee

no more DJ this or that.
no more noises

its granular adjustments

no more emotional coastal rides based on world news.

message to all KYY mentee

no more trading
no more speculating.

its sailang
all or nothing
stock picking based on KYY golden rule.

I think BN politicians makes out right lies.

everyone has only one life

and no guarantee you sailang correctly.

so, have patience and sailang correctly.

don't even look at trailing PE ratio.....

this company is not about PE ratio because most of its profits is from one off construction profits of its toll roads.

This company is about its assets and potential.

in order to be KYY mentee, you have to unlearn every thing you have ever learned from the media, from books and from the portfolio managers.

not easy to do.

$ 2.30 was when crude oil price is above US $ 100 previously.


Mahathir time, no GST , but subsidise petrol
Ah Jib , got GST and remove subsidy.

Mahathir is good to the rakyat.

KYY signature dish is sailang.

who can do it well and choose the right stock is King.

the more variables, the more murky the valuations.

Let's look at gold or oil, a commodity.

There is easy reference and only one variable.

But a share or a wife, there are many variables

What is cheap what is expensive is not so clear cut.

the more variables, the more murky the valuations.

stock picking like wife picking

you want a cheap wife or a wife you love?

the dichotomy

cheap stuffs are never good stuffs
good stuffs are never cheap

reminds me of the house in Bangsar I did not buy years ago.

still want to be value investors? or dynamic investors?

icon is now a bond not an equity.

similarities between Donald Trump and the rooster.

proud, crooks a lot...but eventually lands up as other people dinner.

two roosters ago, it was 1993............!

its abalone and a life of exuberance for some...and suicide for others.

people of my age remembers 1993 well.

history repeats?

ven

I promised myself never to criticise your choices again after your Proton contractor makes you multiple baggers...or to bet against you ...its just too weird for me. ..and your VIS up so much in a few weeks.

But, we do operate from different universe.

Honestly I have no idea what is VIS, and have not bothered to find out.

I think we operate in different universe.

I prefer KYY universe where things I buy are based on public information.....I cannot be comfortable with non public information or rumors or pure speculations.

To his credit, he posts with his name.
IC not required.

Dynamic investing as opposed to value investing means I need to look for some thing I dare to sailang with it.

I have to ask.....is this some thing I can sailang?

An excellent effort.

I will say this belongs to the top 10 percentile proposition.

But I still prefer KYY golden rule.....don't touch any thing unless you are absolutely sure this year makes more money than last year., better still buy game changers that will disrupt and change the whole industry.

You see, every investment I make is an opportunity cost with it. I cannot buy every thing that is good and cheap.

Nothing that businessmen hate more than cut loss stories, market crash or keropok kind of craps.

Salary?

You set your sights too low,, Siloam

My 20 years plan has already accelerated by some factors.

Icon

Stock market

No limits, no restrictions, no quota

Givers will get back more that they give

Icon

Ten has a long journey from desire to result.

according to FT Minister everyone in KL is rich.

a strong filter system
no apologies needed
can say No to half baked ideas.

the centerpiece of KYY is business sense, knowledge and sailang.

the centerpiece of teh is cut loss.

Cannot be more different.