Posted by qqq3 > 2019-01-12 15:58 | Report Abuse

y Icon8888 > Jan 12, 2019 03:57 PM | Report Abuse


I expect to under-perform the index in bull years,
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anyone who cannot make money from bull market better stay home.....

strange indeed..

Posted by qqq3 > 2019-01-12 16:08 | Report Abuse

don't make money from bull market, make money from what?

Posted by Fabien Extraordinaire > 2019-01-14 17:31 | Report Abuse

very much like Oaktree/Howard Marks

Choivo Capital
2635 posts
Posted by Choivo Capital > Jan 12, 2019 02:48 PM | Report Abuse

Icon,

I expect to under-perform the index in bull years, and beat it in normal or bear years.

Though tbh, malaysia index is kind of rubbish, so i expect to beat it during bull year.

Over a 20 year period, i expect to beat the index very comfortably. And value investing is the only one that can provide that consistently.

Having said that, if OTB make 100% in bull, you make 50% and i make 20%, with the index say 15%.

I'll be extremely happy. They are worse things in life than to make a little less profit than the

Posted by Choivo Capital > 2019-01-15 11:13 | Report Abuse

Make less in bull, make more in normal, make the most in bear.



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qqq3 don't make money from bull market, make money from what?
12/01/2019 16:08

Posted by qqq3 > 2019-01-15 11:19 | Report Abuse

a conservative approach don't make money in bears, u just lose less.

Posted by qqq3 > 2019-01-15 11:24 | Report Abuse

what can one buy that can make money during bear markets?

Posted by Choivo Capital > 2019-01-15 11:48 | Report Abuse

A conservative and intelligent investor, during bull markets, will be increasingly conservative with his purchases and cash allocation.

As he knows the high the price is, the higher the risk of permanent loss of capital.

While during bear markets, he will become increasingly aggressive (to a point) as prices fall, as he knows the lower the price, the lower the risk.

What he buys in bear, goes up in normal and bull markets.

I bought a lot in 2018, at bottom or close to bottom prices. My error was not being conservative enough in 2017.

Posted by qqq3 > 2019-01-15 12:09 | Report Abuse

choi

every thing is about character, habits and practise.....and of course, easier if don't have to give excuses to customers.....

By having customers, your chances of success is questionable....

By having customers, it becomes excuses for poor performances.

Posted by qqq3 > 2019-01-15 12:13 | Report Abuse

furthermore...imagine, having bought low enough and eventually the shares go above water....then how? sell at various stages of recovery ...then what happens? The game don't end there.......

Or like Tan Ten Boo, makes some money in early years.....and miss the market for the subsequent 10 years.

Posted by Choivo Capital > 2019-01-15 12:21 | Report Abuse

They are other opportunities, my capital is small. great industries turn cold and then hot.

I have no idea what you're talking about. Its really a waste of time replying to you.

Posted by FamousAmos > 2019-01-15 13:47 | Report Abuse

Choi is not here not make money from market. He is here to prove he is right. He needs attention

Posted by FamousAmos > 2019-01-15 13:51 | Report Abuse

One thing I must admit value investors in i3 are good in England. They can write 10000 words essay with no contents. Aka good buklshitter

Posted by qqq3 > 2019-01-15 14:27 | Report Abuse

its all England, no character, no habit.....I have my doubts......

Posted by FamousAmos > 2019-01-16 10:00 | Report Abuse

and why the f icon has choi's annoying pic as his dp

Posted by wiki123 > 2019-01-23 08:44 | Report Abuse

missing my fren, Charles.... mana lu pigi?

Posted by Icon8888 > 2019-01-23 08:49 | Report Abuse

LOL I miss him too

Miss his 6 sense 7 sense 67 sense

Posted by qqq3 > 2019-01-28 09:55 | Report Abuse

icon......every educated young man starts out like choi....

But the very good ones learns about reinvestment risks early on......


otherwise, no point one.......it is just up and down, up and down forever.....

are good investors born or created? I think there is a limit education can help. ....so much of it is character.

All the theory in the world also no help if the Q, skill and talent is not there.

Posted by Icon8888 > 2019-01-28 10:00 | Report Abuse

surprisingly, the most adaptable, open minded and flexible old timers in i3 are two old men

one is qqq3, the other is icon8888

most of the others don't dare to walk out of the room without their warren buffalo book in hand

Posted by qqq3 > 2019-01-28 10:13 | Report Abuse

I have seen a lot of successful stock market people...but none of them Quote here quote there....they all have their ways.......but can succeed in a meaningful way if carry 20 or more stocks? I have never seen one before........

Posted by qqq3 > 2019-01-28 10:28 | Report Abuse

no need quote here quote there.....some people got very good sense of timing......they managed to avoid all the big drops....a few rounds of that.....they emerge a big winner......why? because these people got very focused portfolios and managed to sell right......

Posted by Icon8888 > 2019-01-28 10:31 | Report Abuse

It has to be a combination of independent thinking and warren buffalo

Only commies quote here quote there

(That is how the ruskies gone bankrupt)

Posted by Icon8888 > 2019-01-28 10:32 | Report Abuse

Deng stopped quote here quote there and now they started to make a bit of money

Posted by qqq3 > 2019-01-28 10:47 | Report Abuse

knowledge is not skill

Quote here quote there is knowledge not skill.


I know public figures need to quote here quote there to impress others....

quote here quote there is just a lazy way to think.....

Posted by qqq3 > 2019-01-28 10:49 | Report Abuse

MI also doing well...I also got.

Posted by Fabien Extraordinaire > 2019-01-28 16:41 | Report Abuse

when you survived the black swan events then only ur skills are credible la..

Posted by 5354_ > 2019-02-03 15:38 | Report Abuse

Cheating on QL PE34? No wonder lousy performance.

Posted by Choivo Capital > 2019-02-11 13:46 | Report Abuse

I wonder if, "adaptable, open minded and flexible" is synonym for "No real philosophy" beyond whatever potentially spurious correlations at that point in time.


====
Icon8888 surprisingly, the most adaptable, open minded and flexible old timers in i3 are two old men

one is qqq3, the other is icon8888

most of the others don't dare to walk out of the room without their warren buffalo book in hand
28/01/2019 10:00

Posted by qqq3 > 2019-02-11 13:55 | Report Abuse

so...is this guy Time.com 5% or 50% as some other posts suggest?

see....such inconsistencies is a reflection of your true self....not the quote here quote there just for show.......

Posted by Choivo Capital > 2019-02-13 00:43 | Report Abuse

Change in comparative valuation.

It was in my original 59%, than as i buy more of other things and put in more money, it fell to the current 17%.

Of course, i don't expect you to be able to understand it.

Go look at your charts for 8 hours a day pls. Tks.

Posted by qqq3 > 2019-02-13 00:54 | Report Abuse

choi...what u do none of my business.....and not interested....

Posted by qqq3 > 2019-02-13 01:11 | Report Abuse

so from 1 jan to now...your Timecom went from 5% to 59% to 17% .....portfolio turnover even faster than mine......then what is the use of the all quote here quote there?


another talk East go West.....talk 3 talk 4....

Posted by Heavenly PUNTER > 2019-03-31 23:19 | Report Abuse

wah really soooo diversified

Posted by newbie5354_ > 2019-04-01 21:12 | Report Abuse

Is the portfolio real life? Why no postings in eg AirAsia?

Posted by Choivo Capital > 2019-04-01 21:44 | Report Abuse

I'm one of those weird people who think that great ideas don't come easily and are pretty rare.

And so, I'm not that keen to share them with anyone other than friends, family or my investors.

Nor am I one of those whose confidence in their research is so low, they feel the need to try and fry up the price.

Posted by Icon8888 > 2019-11-05 05:12 | Report Abuse

What happened ? Why negative ? Any comment ?

Posted by kckcloh > 2019-11-05 18:53 | Report Abuse

Icon8888, don't forget to take your medicine

Posted by paperplane > 2019-12-16 19:25 | Report Abuse

Hehe. Icon pulling his leg