Nobody’s perfect. Don’t expect perfection from those you are making deals with or from yourself. Be willing to make mistakes now and then. Warren said, “I make plenty of mistakes and I’ll make plenty more mistakes, too. That’s part of the game. You’ve just got to make sure that the right things overcome the wrong ones.” - Warren Buffett
You don't have to think of everything. It was Isaac Newton who said, 'I've seen a little more in the world because I stood on the shoulders of giants.' There is nothing wrong with standing on other people’s shoulders.
Super rich & successful investors/traders, shouldn't be too bothered by harsh opinions heap upon them. After all, they are the ones who are making tonnes of money almost every year. I'm sure the worst for them is, 'crying all the way to the bank'! While, for many of us have to struggle just to make a decent living. People like KYY, should know that there are many of us who know how to treasure whats precious - just ignore those who don't.
Posted by Kevin Wong > Jul 30, 2014 05:05 PM | Report Abuse Super rich & successful investors/traders, shouldn't be too bothered by harsh opinions heap upon them.
so why sensitive? no make sense. mybe losing shirt XQ?
Why should KYY post here anymore? I would'nt if I were he. It is a thankless task. You try to teach others to be better investors with the best of intentions but there are just too many wild juveniles, the challenged and intellectually handicapped, near basket cases, fringe elements, mild psychotics and the like expecting you to serve free meals unfailingly, rain or shine, with no effort on their part to contribute or to understand the free lessons given. Hey, KYY is no magician; he is a 80 plus year old fallible human who has feelings too.
MR KYY, i had noticed that u have bought a substantial amount of MFCB and are top 30 shareholder. May i know the reason u bought it as so far i cant get any recommendation/research by any stockbroker ..
4) Added Value It has Taken RCI private years back - a silica brick manufacturer - will benefit from Construction Boom & ETP
5) MFCB Is a Laggard. Ripe for Capital Exercise like Giving Bonus Issue, Share Split & Free Warrants. And Distribution of Treasury Shares Will Unlock Value For Share Holders. MFCB Is A Definite Buy!
homosapien, MFCB as I know many of their directors are selling because to take profit. Most Mr Koon shares are bought at high price except Jtiasa(got take profit?) for this year.
Everyone has it's strength n has made calculated risks or frame up its boundary of judgegemental prior to make the move, more or less they would have estimate the future results based on the current scenario to expect the desirable output.. Therefore time will tell and the passage To attainment would be painful without proper mindset n mental strength.., cheers that's my 2 cents view.
i've known this webpage for a long time but only join lately because of mr koon. Too bad i didnt know much abt other i notice the work of KC CHONG, there's a weakness in his NET NET method i spotted. Anyway, i've met with Mr Koon be4,his return is abt 26%compounded for 30yrs. His answer for XQ is simple,he cant sell cuz it moves the mkt, if u r smart,u shud know the answer. U can quit and find ur next 4-5baggers. Best way to invest is to find a growth stock at below EV, no debt, low PE, with moat of cost advantage, buy at a correction, crash, or watever ,eg: last 2wks, mkt soften, ignore it for many yrs. 1 eg is TSH, it is not cheap now but it qualifies for all the criteria except MOAT. It's the lowest cost operator with highest FFB yield/ha, no2 is klk, no3 is ioi. OER is 21%,also top 3. But not cheap. Last 5yrs it grew the FFB at 34% CAGR. since 1998, it returns 30times, pbb, kulim dialog matched this return, dialog probably did much better though
if price lag too hard behind intrinsic value, it's wrong not to buy. But not to sell but to continue hugging on a garbage is wrong,u r better off if u sell the loser and buy the tomorrow's star. If u hold on to SMI or OLYMPIA since 1998, u get $0 for holding smi now and <5% of wat u paid for. Instead if u sell them when they shot up for a few times in 2000s,and buy winner like TSH, Kulim, Hartalega, KPJ, Zhulian, Uchi Tech, Aeon Cr,Daibochi, scientex, HPi, u would hv 400-500% returns or 12,000% for Hartalega) based on last point, u shud sell ur Xing Quan instead on harping on this issue and teasing the old man who has contributed much
Mr.Koon Regret that I am too young and doesn't have the chance to meet you for a job I believe in you Because Director of gamuda was one of my friend's father!
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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....
speakup
26,508 posts
Posted by speakup > 2014-07-25 11:26 | Report Abuse
where's the Hari Raya rally?