Everyone calm down lol, arguing on forum will not make u a better investor and counterproductive. Why don't you spend more time like read 500 pages a day
As an investor, I only recognize consistently good performance on a decent sized personal fund (RM millions) over the long term, no less than 10 years, preferably much longer. Someone who beats the averages handsomely, notwithstanding the occasional hiccup. Someone who has gone through one or more full economic cycles, from boom to bust, and prospered through it all. If anyone here has a better track record than KYY, do say so and give us the benefit of your invaluable experience; or else zip it and defer to others who have. KKY does not deserve the brickbats some of you give him and if he does not post articles anymore, we are the ones who have have lost a selfless friend. This is not the first time either it has happened either.
No doubt Mr Koon intention is noble but most of the readers of his blog are still learning. In order to stop all these controversies, i suggest Mr Koon goes a step further by being more transparent by starting a portfolio of said RM 10 mil (for simplicity).
In respect of his recommendations, he will announce his investment quantum as he deems appropriate relative to his portfolio. Any further buying and selling will be accompanied by reasons. The return on capital will include realized and unrealized capital gain plus dividend received from time to time. He can choose to reinvest his return or leave it at the bank to earn the normal interest income.
In this manner, people like arv18 can appreciate more and learn the final point of investment from the Kung Fu Master.
With so many financial experts around him, Mr Koon will definitely can come up with a model portfolio for this purpose.
It is only a suggestion, it is still Mr Koon decision whether he wants to continue his generosity to share his wisdom to teach us how to fish.
I really don't see anything wrong with some people asking KYY some questions or having different views than him. Yes, there are some haters but some of the questions asked were legit. I will admit that KYY is a good businessman for founding a large company. How good of an investor is he? I don't know. It's not like he has a hedge fund or insurance company where you can verify his record. And even if he was very good, it's ok to have a different opinion than him. People certainly shouldn't insult you or ask you to shut up just because your investment record is not good as KYY.
There is nothing wrong with differing views. Different folks, different strokes. I don't agree with all KYY's views on stocks, or politics, for that matter, notwithstanding his investing experience or his grey hairs. We can all agree to disagree amicably. But to malign him unnecessarily is beyond bad manners. Though from a less confrontational generation, he has put up with it for a while, much more than I would. The cloak of anonymity on the internet seems to bring out the worst in some people. If it was a face to face meeting, I am sure many would refrain from displaying such ill manners.
arx 18 is asking a very pertinent and difficult question. Cut loss or Double down that makes the whole difference in our investment returns.
Imagine if you cut loss and price bounces back Or if you cut loss and prices keep going south.
For me i hope i wont be asked that question in my course of investment so much so that I have to be so stringent with my stock picks. In case i have to answer that question myself, my answer is Double down as you need to have absolute confidence in your stock picks and economy.
I believe KYY has answered that questions a few times.
last time i bought ' chai CD ' csl at around 1.24, and quite a large quantity by my standard , last time. Then, i found out something not right, so i cut loss immediately and asap at 1, kikiki.. now cd chai drop until 8 cents.. phew? lucky? or because of ...?
If nothing about the fundamental changes, I won't cut loss just because of price drop. On the other hand, I will not double down because I would like to maintain a certain level of diversification for my portfolio. Do not assume that you have 100% known , 100% understand and can trust 100% the information available.
TQ chong. why stop? maybe just whole for while. if real Koon sure come one. maybe. maybe not. how to say?
many question not be answered. maybe he is sad? one thing is cannot run away from i3 for one poster. other poster also can listen. i think he return. must also promote his counter.
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Mr. Koon, I have been follow your posts few months ago. Thank you very much for your sharings. In my opinion, you are not obliged to answer all questions posted. And, who are we to be so demanding?
Lets think about it. Cold Eyed and Mr. Koon make some mistakes on stock pick but why they able to survive and make profit from the market?
Mr. Koon have been making a lot of moneys in the share market. With his proven records, I believe there is a lot of things that we should learn from him. I suggest that we should be humble instead of 班门弄斧.
He did mention earlier that he made lots of money from kulim wb few years ago...he also made a lot of money investi ng in hong Kong during 1997/98 till he managed to buy a security firm....if I m not mistaken.....
Mr Koon, I have benefitted from your perspective on the Indian power plant scene. I hope that u will continue to write. If these kids bother u, please don't read their nonsense.
If i am 'lucky' to find out whats wrong on my investment, and 'lucky' to admitted my mistake & make myself cut loss on it, then Mr Koon is indeed, one 'unlucky' person.
Posted by lohman > Jul 15, 2014 11:49 AM | Report Abuse
There is nothing wrong with differing views. Different folks, different strokes. I don't agree with all KYY's views on stocks, or politics, for that matter, notwithstanding his investing experience or his grey hairs. We can all agree to disagree amicably. But to malign him unnecessarily is beyond bad manners. Though from a less confrontational generation, he has put up with it for a while, much more than I would. The cloak of anonymity on the internet seems to bring out the worst in some people. If it was a face to face meeting, I am sure many would refrain from displaying such ill manners.
Let me use fishing as an analogy on share investments. KYY wants to teach you to fish so you can be self sufficient. He even identifies some edible species and suggests you use a rod, hook, line and sinker at the nearby river. However, people learn at different rates, have different skill sets, risk perceptions and so on. Some people, instead of hooking a fish, hook themselves due to inexperience or clumsiness! Some too excited ones fall into the river. Some fish in dangerous spots where there are crocodiles. But they may blame KYY for their mishaps instead of taking responsibility for themselves. No one can teach you how and when to execute correctly on the internet even in a simple sport like fishing. You learn through repeated real life experience.
Admitting mistake is Being Very Conscious about what is Not Right.
Price is a good Indicator. Anything wrong with the Price itself? Judge the mispricing more objectively. Don't jump to the conclusion that market is wrong and I am always Right.
1) Reasons behind the Down Trending, can I estimate the Forces? 2) How much effort has been put in everyday to push up prices But fail? 3) Can this time be different? Surely Nothing will change. What is the actual catalyst then? 4) Well, have i understood the Business at the first place Besides publicized figures?
YES, before going out for fishing, we Better tell people first there might be crocodile, thunder storm, bad weather, your boat might sink and you might get nothing today and you have to come back tomorrow.
Mr Koon, i have been reading your post and notice that you seem to like plantation stocks. May i know why Dutaland , wtih a PE of 12.04 and NAB 0.98 doesn't seem to be in your recommendation yet.
prices may not reflex the actual net worth of the company. the company may be great ( rich in assets valuations ) but the controlling shareholders are deem too conservative or the free float is limited ) the price may not moved and you need to hold on to this type of counter for a long time. there is no right or wrong in any style of investing ( as long trade you trade within your means )
the mega bank merger between CIMB-RHB- MBSB is a good case studies. with a bigger balanced sheet. the enlarged bank will have ample opportunities for more acquisition. CIMB is down but RHB is up. ?
ABOUT SHARE PRICES ? U NEED UNDERSTAND THIS THEORY LOH....!!
1) EFFICIENT MARKET ALL FUNDAMENTAL OF THE COMPANY IS REFLECTED IN THE SHARE PRICE...IE GOOD SHARE GOOD VALUATION & BAD SHARE POOR VALUATION LOH....!! GENERALLY MOST SHARE PRICE WILL REFLECT SOME OF EFFICIENCY MAH...!! HOWEVER THE MARKET DUE TO PRECULIAR NATURE SOMETIME DO NOT REFLECT COMPLETE EFFICIENCY.....THERE IS HOW THE VALUE OR MARGIN OF SAFETY OR CONTRAIAN INVESTOR WILL COME IN AND PLAY A ROLE LOH....!!
2) THE THEORY OF MR MARKET VALUE INVESTOR WILL SELL OVERVALUE & BUY UNDERVALUE STOCK LOH...!! THEREFORE COMPANY THAT DO NOT REFLECT THE TRUE FUNDAMENTAL WILL GIVE VALUE INVESTOR TO MAKE MONIES LOH....!! THE KEY FOR VALUE INVESTOR IS STOCK VALUATION V SHARE PRICE LOH...!! HOW BIG IS THE MARGIN OF SAFETY LOH.....!!
John F Kennedy father's(Joseph Kennedy) famous phrase about stock wisdom:
“You know it’s time to sell when shoeshine boys give you stock tips. This bull market is over.”
It was Winter time in 1928, father of President John F. Kennedy, went to the cobbler to have his shoes polished. When the shoe polisher(shoe shine boy) completed his dues he offered Kennedy a stock tip. “Go buy Hindeburg - Good one"
Kennedy quickly sold off all of his stock holdings. Within a year America saw a massive stock market crash that wiped out the life savings of millions of Americans with the Great Depression.
Lesson of the day? Noises and suggestions you hear are often late tips or traps to lure the public and independent/individual investors to pump in money. When you hear: BUY! You know the big time players are already planning for profit taking in the near future.
Shoe shine boy hints are more dangerous calls than anything else. Today it's more complicated. The shoe shine boy could be your Hollywood star or famous celbrity with bowties, neck ribbons and PhDs paid to do PR for the invisible tycoons.
Remember someone's lost is another man's gain.The man who took profit could be in the same boat collaborating as the guy who told you to go in and fell for the trap.
it only work if those people are stupid enough to fall into the trap. Mr koon is a businessman, and businessman is famous for their sneakiness, george soros once said : I was a human being before I became a businessman , business world is like battlefield, it is either you die or i die, most businessman knew this. why facebook is free? chicken must be thinking : why the farmer so nice to us, they feed us, they provide a safe place for us, they so nice... Remember, if you are not paying for it, you are the product. why so many 'experts' provide free analysis to all of you? some might have kind intention, but 95% is try to trick you, thats just how the world work. brace yourself, shitstorm is coming.. kikikiki
Someone posts a stock recommendation, some see it as an opportunity for knowledge while others will see it as an intent with ulterior motive by the author. See the problem?
The problem is not with the author but with the interpretation of that event by the individual and this vastly divisive interpretation is the cause of all the sorrows, wars and fights in this world.
Why can't we see and appreciate that we have a very good platform and authors in i3 to share knowledge and that a good or bad posting is a lesson to be learnt in its own right? The question is, are you conscious or this lesson or simply, blinded by the follies and pains of your past trades and fear of the future losses to be oblivious to such rich education?
I trade for a living and have been trading very profitably with my momentum trading style, but this was achieved after many painful lessons of losses and more losses. But the one thing I had was persistence and perseverance and each loss was an opportunity not to make the same mistake (or even if I make the same mistake, I make sure it's smaller than before).
Look! The day one can realize that trading, like in so many other life pursuits out there is a battle between you and yourself and that YOU MUST CHANGE THE WAY YOU SEE THINGS, AND THE THINGS YOU SEE WILL THEN CHANGE
It is good to be cautious but not to the extent that negativity consumes you into submitting to its reality that everyone in this world is evil. The day that happens is the day one stops learning and leads to an undesirable outcome
To one question whether one should cut loss, whether one is trading short term or investing for the long haul, if you have confidence in your system, temporary blips in stock prices are simply events that occur within your realm of events. If the same reason why the stock the stock was purchased had not changed, you sit rock solid on your position
Bottom line, win the battle with yourself and the war is won. The outside world is simply a reflection of your own thoughts and manifestations. You want a positive outcome, manifest that in you and your thoughts
Learning takes many forms, some focus on good points n forgives others not so successful investment or mistake n make it a reminder to him/herself while others like to find fault n keep hammering that particular point (with good or bad intention). One doesnt have to b critical of others' mistakes/ degrade others js to prove he/she is better or "has a point". I have been a side reader in i3 n I do really appreciate those who are willing to share their knowledge, trading experiences n investment notably LC, OTB (another victim of abuse in i3), Tan KW, Calvin, 糊涂, icon888 and many2 more. Pls stop chasing away others in this forum by being disrespectful to others. Whilst learning from others posts, we must appreciate others efforts n respect their views ( u don't have to agree if u do not, but don't be persistently hammering others) appreciate if you could pls respect others. Pls learn how discussions were conducted between sense maker n LC when they debated. I benefited from their discussion "so what is this enterprise value" even thou both do not agree with each other. Both are right to me js that they analise thing base on individual experience. We all know when to stop a discussion. From my observation till to date, most of OTB's pick are all correct, and those who r critical of his picks u shd learn more frm his previous posts. What a great lost to all of us when someone like him no longer share his pick n most importantly the methods he used to pick a stock!! Most of them time those who criticized the most are those who contribute none to the forum..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ykgykg
341 posts
Posted by ykgykg > 2014-07-14 22:41 | Report Abuse
Respect is earned not compelled.