Posted by donfollowblindly > Jul 22, 2015 10:16 PM | Report Abuse Why always mention old stocks? Why no new stocks? I also bought Tenaga before at below RM6.
1) I only talked about stocks which were posted in the blog, what price they were at all have records to see and not just hearsay. 2) When did you buy Tenaga at RM6.00? Where have you posted your record? 3) You just can't comprehend anything I wrote about. Many people don't realize the stocks they have had may be the best stocks they have. 4) I don't owe you any stock picks, do I?
" The problem is that sitting and waiting is torture today. There has to be action. There has to be improved profit in the next quarter or two. There has to be fast moves up and if something doesn’t play out within a few days or a few months, it’s a dud and not worth keeping any longer. “Next!”
“Investors today lack assiduity”. That’s Charlie Munger’s technical term for sitting on your ass and doing nothing."
Not all stock can hold long term like your story KC. There is always a cycle for most stocks......up to a peak then will drop back. Those long term stocks like Coca cola, Wells Fargo and etc which Warren buffet own rarely can be duplicated nowadays......What stocks in Bursa Malaysia u think can hold for more than 20 years? Very few i think except Nestle, GAB, Carsberg and etc. I dont think KC can follow his teacher, hold same stock for 10 years, 20 years or more.
Did I say you must wait for 10m years or twenty years for any stock?
Yeah, all fixed income mostly issued by those lsited companies in Malaysia. If fixed income con job, all listed company you buying also con job... See good examples Sendai. Don't u think you are self contradicting?
Use a bit sense, basic knowledge mah. If a company go into bankruptcy, fixed income holders get paid first, equity holders? Maybe never get any thing back, left with toilet papers!
Warren Buffet’s value investing principle cannot apply in Malaysia because we do not have well established companies like Coco Cola, McDonalds or Gillette Razor which have the competitive market advantage. As a result, they can produce consistently more profit and give out increasingly more dividend to the shareholders.
I am making sensible comments, with facts.it is those like tkp1, icon8888 and kopipeng keep using vulgar languages. So who shld bebanned now?? Please think!
It only show how low their level can be when they keep attacking me with baseless vulgar languages. They failed to answer risk concerns I have raised. So they turn to accuse me don't know stock, me novice, me only good at fixed income which is now phrased as conman job by icon8888..so?
Icon, please answer if fixed income a con man job? U confirm? I may sent your comments to all fixed income fund management houses now, specially you mentioned Malaysia fixed income con man job. If you have guts post your real name, nric, contact here. They will be very happy to share views with you and maybe issuing you some lawyer letter very soon for making such comments openly in an investment forum so famous in MAlaysia. Your misleading and senseless comments is totally unacceptable!
No catalyst is OK. But buy the stock with sufficient margin of safety. If my target return is 20% p.a and my margin of safety is 100%, I can wait 4-5 years for the value to surface. But if Margin of safety is only 30%, I can at most wait 1-2 years whereby beyond that time frame my annualized returns starts eroding... so in this scenario, catalyst may matter.... or I can only hope that I had been too conservative in my valuation...
Everytime I saw ks55, I know he is an experienced investor. What he talks will make "no sense" to newbie investor, but in fact, it's what the matters the most in investing.
Investing is not about stock picking only. It's about portfolio management.
*pardon me for repeating all the shitty PM again. ahhahaha
Agree! Wc and perwaja boss equally shityy. Maybe icon8888 interested. Someday I bet he sure come up with some articles relating parkson, perwaja saying turn around. Just watch
Portfolio management woh. Icon8888 know meh? Don't act like expert, don't know say dunno loh. TWRR also don't know how to calculate said know portfolio management?
I am not so free to tell you(or i3 forumers) each time I bought or sold a stock. Actually when Tenaga RM 5 plus I am not yet i3 member. Now I can see from i3 price chart.
Posted by donfollowblindly > Jul 22, 2015 10:16 PM | Report Abuse Why always mention old stocks? Why no new stocks? I also bought Tenaga before at below RM6.
1) I only talked about stocks which were posted in the blog, what price they were at all have records to see and not just hearsay. 2) When did you buy Tenaga at RM6.00? Where have you posted your record? 3) You just can't comprehend anything I wrote about. Many people don't realize the stocks they have had may be the best stocks they have. 4) I don't owe you any stock picks, do I?
" The problem is that sitting and waiting is torture today. There has to be action. There has to be improved profit in the next quarter or two. There has to be fast moves up and if something doesn’t play out within a few days or a few months, it’s a dud and not worth keeping any longer. “Next!”
“Investors today lack assiduity”. That’s Charlie Munger’s technical term for sitting on your ass and doing nothing." 22/07/2015 22:28
haiya u still following KC ah - not living up your to namesake donfollowblindly leh LOL see u also 'good' wat spotted TNB at half the price now so why need new stocks all the way from NZ LOL
hey donfollowblindly I think u must be still MAD at KC becoz u posted below Jun 5, 2015 05:49 AM | Report Abuse Agree with kiasutrader1. Furniture companies are no longer cheap to buy compare to say 1 year ago. Don't follow blindly what this article say how good is furniture companies. One man's meat is another man's poison
seems u 'chow kai' on the furniture stocks n if u would have followed blindly u would have the meat instead of the poison LOL hence now u asking for new meats err new stocks LOL
If it makes u feel better me too also chow kai coz I have no furniture stocks :) :)
Undervalued/ Margin of safety is indeed one of the most important criteria for stock selection.
I personally would avoid stocks that the price being chased up/ told will be "burst" soon. These type of catalyst is not for a value investor.
Share split= fake bonus, rarely has served it real purpose other than the otherwise.
However in the book Margin of Safety by Seth Klarman, he got mentioned a few types of situations that less people would "dare" or bother to consider. It may worth to give a visit to this book. (no charting in this book but i do ever wonder that is Seth Klarman a speculator or a value investor :)
Inactivity on good stock is difficult because “Investors today lack assiduity”. Deciding when to sell or buy will again depends on the investor's skills to access the intrinsic value of that particular stock in relation to its price.
Beside of difficulty to calculate intrinsic value, psychological misjudgments may also contribute to the lack of assiduity in some investors.
Value Investor is required to form own's view, calculation and most of the time need to be acting like a contrarian. Temperament control perhaps is the more difficult part once that people have IQ of 100-125.
thanks KC.. there are many other quant investors who dont look for catalyst when buying a stock..i strongly agree with you !thanks and keep up the good work.. i learn alot from you every time you write a new article !
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Posted by kcchongnz > 2015-07-22 22:28 | Report Abuse
Posted by donfollowblindly > Jul 22, 2015 10:16 PM | Report Abuse
Why always mention old stocks? Why no new stocks? I also bought Tenaga before at below RM6.
1) I only talked about stocks which were posted in the blog, what price they were at all have records to see and not just hearsay.
2) When did you buy Tenaga at RM6.00? Where have you posted your record?
3) You just can't comprehend anything I wrote about. Many people don't realize the stocks they have had may be the best stocks they have.
4) I don't owe you any stock picks, do I?
" The problem is that sitting and waiting is torture today. There has to be action. There has to be improved profit in the next quarter or two. There has to be fast moves up and if something doesn’t play out within a few days or a few months, it’s a dud and not worth keeping any longer. “Next!”
“Investors today lack assiduity”. That’s Charlie Munger’s technical term for sitting on your ass and doing nothing."