Alamak, My dear, love you. Dont tell people i used English to scold you ya.

My Dear, are we Buying the market or Single Business? Even the broad market crash and 90% of stocks went down, we should still strive for the Balance of 10% that would continue to outperform the market. That is the mentality in Business World.

I am talking about Market as a whole ya. Dont tell me penny stocks should crash, GM or Apple.

NOW tell me One good reason of Why the market should crash and I would reply you.

Correct or Not? If we could not even pick up a single skills in stock valuation, do you really want to judge the Big market and economy and talks like nobel prize winner.

Do you all know how Big the economy is. If the whole economy is Big enough, it can withstand all shocks in the market ya,

What is the good of talking up and down the market all the time whereas we should spend more valuable time in learning the Business valuation, model and its core value. Learn more on substantial things that would be more useful to you for the rest of our lives.

Even during the Bad times you have to strive for the Winners all the time. If you don't have this mentality all the time, you don't come here and tell people I only want to Buy during market crash. And i tell you you cant do it as you dont have this mentality all the time.

Market is phasing out the loser and heralding the winners all the time. The so called Great Rotation is simply Choose the Winner and Cut the loser. Or in technical term Let the profit ride cut your loss Short.

As long as sovereign market of currency and credit spread and government bonds does not give in, i will Only take it as Normal market correction.

But my experience is that customer would prefer clear communication and clear strategy.

I know the mentality of managing own funds and other people funds are different.

Is margin of safety a specific located price for people to hide? Or market drops 20% and your portfolio managed to drop 10% that is margin of safety?

Or should we think that margin of safety is where 90% of broad market drops But i am holding the balance of 10% that will continue to perform well.

IF price is Not reacting to good news, How about one bad news?

Any company that has the management capability to unlock cash value/asset value will see a Huge move for next ten years as DCF model is working Now. And i don't want to miss the Boat as well.

Overall there is no evidence that net net graham has outpaced Business value investment short term long term bad time or good times if we take overall 60-100 stocks as a whole Not a few shortlisted one.

The main reason is lack of Insider Move. The Boss knows the accounting value and Business value more than anybody else right? Why there is No insider Move?

1) Timing and Condition must be right;
2) Accounting Value Yes but No Business Value;
3) Situation is worse than we all perceived;
4) The purpose of listing has been met

Well all sort of Rumor will be associated with this typed of companies.

If we look at Balance Sheet and Profit and loss and cash flow statement in totality we can conclude that Equity/Asset produces Profit and profit generates cash flow. And ultimately QUALITY cash flow is the blood flow of Business. Is it fair?

If the above statement is fair, then it must be fair to say that if cash flow is low/negative then profit must be irregular and that must be something wrong with the management in deploying the asset or even the asset is of low quality. As such the asset has little Business value at the moment.

Even if the asset is of High quality, it is still up to management willingness and capability and know how to unlock the asset value. So it is still fair to say that the High quality of asset is of little Business value at the moment if the value has yet to be unlocked. Is it not fair?

Well, if you invest in 60-100 stocks, I would not deny that some might be high flying above its NTA due to turnaround, some might be closing the gap to NTA, some might be privatized, some might get new management, some might venture into New Business, ..whatsoever.

Well, it is speculation against hard fact investment. What else can I say?

Ini memang last liao. Yes as Business Owner the first thing i look at is Healthy Balance Sheet, but then No Business What to Buy?

OK lah anybody wants to become Net Net then go become One.

Like FACB, Now Net Net because of High Cash and we should invest. That means if company invests in machine and equipment to expand Business, it becomes Non Net Net and we should not invest. LOGIC OR NOT?

OK lah most of all are tempted to be Net Net for awhile. But you know he is holding Pintaras, PresBhd, Kfima, Padini among others what?

NOBY, i think KC writes this articles just for fun and challenges us.

After reading so much of his article, KC IS NET NET IN BUSINESS Value.

And my very dear KC, i think you forget to list down last-time Proton and Now Mas among others yet ya?

Ok Ayam Tua you sudah.

And My Dear Calvin, if you want to become Net Net Calvin, have you bought 60-100 counters yet?

I did not mean Nasty ya. I treat everybody here as good friends ya.

Ayam Tua, you tell everybody here How Long have you been waiting already for HEXZA to go up to Rm1.00? I thought you are too Old to wait?

Remember there is Only One time gain if there is Any. Do you guys see the difference yet???

Gamblers will bet the last cents he has to prove that you are wrong!

Surely, i am compiling your articles. Write a good one ya. And I am working on your few models.

I would suggest KC compiles all articles in a Book and promote them to new young generation.

The tabulation of results is under article Why Value Investing works date 27th April 2014.

Well that is besides the point as the point is to have consistent high return over long period of time.

Walter did mention who else can invest as Warren did in Business Value, i agree. Well on the other hand who can invest 60-100 stocks in the market, I doubt as well.

Nonetheless, it provides a platform for New generation to work on it. And never lose sight on core value of investment.

Good Business is far and few whereas company with deep value asset is near and many. I always say Business and Business has to compete for 20 years then you know the results. I think KC has shown the tabulation of results in the earlier articles. Anyway that is besides the point as the ultimate aim is 20% return for long period of times.

Cant believe our Basic Financial Education is at this level. Everywhere is this pyramid scheme, gambling, speculating and punting...

I can imagine the financial education is like Buddhist climbing ten thousand steps to pagoda, Muslim perform hajj at Mecca, Christian pilgrimage to Holy Land,....

Everywhere is Pyramid scheme, gambling, speculation, and punting....Whose responsibility is all these...

Basic Financial Education has Long long way to do.

I would suggest everybody tries the CASH FLOW GAME. It helps how to get out of rat race.

Missing opportunity in stock is still alright as sometimes it can still come down after going up. And it is Not an necessity to own one Now as there is still seller and buyers tomorrow though it might be at different price. Anyway it is just an investment and you have lots of personal choice as stated above.

It is very different for property ya. It is an necessity where your family stays. Because this is Only one location and One address. If you dont Buy this one Now, there wont be another One later on at the same address. It is Not like stock that if you don't Buy today You can Buy tomorrow ya. No, if you have lined up overnight, then please line up.

I am thankful that some people listen to me last few years and they are grateful today. You know what? I have to scold them Big times out of their mind as day and night they are telling me stock investment is the Only Holy way. And days and night they only know Warren Buffet.

Friends, Open up your eyes, then You know and see there is Many Ways to Rome Ya.

Dear SOP my humble comments is there at Astino.

Dear SOP

Post Crisis
1) Stock keeping has been climbing from past 5 years from in year 2009 RM48mil to RM162Mil in year 2013.
2) Debtors has climbed as well in the same period from RM53mil to RM93mil in the same period.
3) Short term loan has climbed from RM18mil in year 2009 to Rm121mil in year 2013.

Post and Pre Crisis
Profit as at this year will be more or less maintained at pre-crisis level of RM26mil.

My Dear, you decide ya.

Well MR Koon my comment is the same as your last Blog. Those that are doing well in the last ten years will be doing good as well if not better in the next ten years.

Probably investing on Business Perspective continue to gain supreme.

thats right my dear. IF i say so you are not happy. Now mr Koon says so everything is correct.

I treat this like a Bible.

Short Introduction: Mr Koon made it very Big time in Supermax and Kulim Warrant during 2009 crash. And he maintains a margin account with more than Rm100 million worth of share at the moment. He is co-founder of gamuda and mudajaya.

That means we really have nothing to do lah. Go to sleep.

Come on, look at Mark Zuckerberg, virtually, his net worth is up and down by A billion every week and he is making Billion deal every quarter. And we are here to speculate about possible market crash?

My Dear, this is what you can do; choose a portfolio of 5-8 stocks that is doing very well during the market crash. You will be surprised that some of them are even performing well during market crash. And the worse performing one is 20% that is your criteria.

Well if you are not comfortable then you may Hold 50% cash, Fair? If you are comfortable then invest all because you know even with the market crash, your company will make it back the next year, so what is the Big deal?

Well. Mr Koon, you might be surprised those has done well for the past ten years will continue to outperform for next 10 years. SO in total, Business and Business has to compete for 20 years.

Dear SOP market has again and again exercised its amazing power to weed out those speculative counters with unrealistic growth so that those with Good Business will always Stand tall and proud ya.

If not, how are we be different from punters talking about Value Investing ya? If not, how are we to know who is swimming naked all the time ya?

Market has continuous and always ask those who are naked to get out. If there is no correction, How are we going to stop all those pyramid scheme, gambling, punting ya....

Ok lah you clever. Take care.

well i hope everybody can read this one and I suggest admin to put this up everyday. Financial basic Education ya. I wish I could write like this.

Dear SOP, market has managed to climb from crisis to crisis and it is hard to be where we are today. And each time I hope we learn and market will become more and more mature and resilient and we will never go back to the pre crisis level again ya.