Posted by Flintstones > 2014-10-12 12:53 | Report Abuse

Good article except the part which idolizes Mark Mobius. Mark Mobius has always been regarded as an emerging markets specialist. I had say he has a bigger name than real results.

Posted by sosfinance > 2014-10-12 14:29 | Report Abuse

@Flinstones, you are spot on that he has a bigger name than real results. This is what we called perception. Actually I personally don't idolize him (If I use Mr Thomas Lim of ABC Mutual Funds, nobody will know him), I am using a "bottom up" stock picking technique that does not take "timing" as a main factor in deciding the value of the said stock. Similarly, I can use Warren Buffett (not my idol either), to elaborate a point.

What I wanted to say, many layman, like to use "timing" as the only factor in deciding to invest or not, while, they do not conduct any homework or research for undervalued stock. When the market really collapsed, when you go back and ask them, are your ready to invest, they are not, because they do not know what to invest (no research done) or saying market will fall further as an excuse. If they are smart and good with timing, wouldn't they make tonnes of money when market is down, or short the market to make lots of money.

If you look at Mark Mobius performance, you may have a shock of your life. That is why, news are spread without being investigated, just move from one to the next, that is why Madoff did well (no one bother to verify how he did it until something goes wrong).

Posted by godbless88 > 2014-10-12 15:12 | Report Abuse

Mark Mobius is a joker, many already knows it.
I'd be happy if you don't compare him with Buffet. Buffet is a true value investor who does not like to "time" the market. He sees value and encourage people to buy at a "fair value", rather than timing the market like TTB.