Hi KC, I have been one of your recent students. Everyone has their right to their own comments and each of us have a brain to think for ourselves. What you write is just your perspective and your observations and never once have you ever impose your own perspective on any of your readers.
Please keep up the fantastic sharing as it has given me quite substantial insights into the companies you take interest in and do not be discouraged by these kind of posts where the writers bashes without any constructive feedback.
KC, just keep up with your good work. I reckon for any one person who "condemns" your postings there are nine others (out of ten) who appreciate your sharing of value investing. It is a know fact that you have never put in any recommendations for buy or sell calls. You will be the ultimate winner in the long term.
inwest88...count me IN.... I am one of the NINE people who support KC..........................................
cheers KC..............
Posted by inwest88 > Oct 20, 2015 10:34 PM | Report Abuse
KC, just keep up with your good work. I reckon for any one person who "condemns" your postings there are nine others (out of ten) who appreciate your sharing of value investing. It is a know fact that you have never put in any recommendations for buy or sell calls. You will be the ultimate winner in the long term.
Why can't the oldman just accept he might be wrong also? Negative cash flow a big warning sign as I said! Knm is a good case study! During tht time PPL chasing Knm like crazy up to even RM10. See where Knm now??
(1) One makes others see what he sees crystal clearly by their own eyes.. (2) and the other makes others blind themselves and trust his eyes as if theirs.
Its not that difficult to see which may be a better person isn't it?
I thought of commenting this on his blog earlier...but then decided not to coz I felt at that age people have tendency to behave like a 8 year old.
KC....no need to entertain such a 'child'... "just be like water"....Bruce Lee.
Posted by paperplane2 > Oct 20, 2015 10:51 PM | Report Abuse
Why can't the oldman just accept he might be wrong also? Negative cash flow a big warning sign as I said! Knm is a good case study! During tht time PPL chasing Knm like crazy up to even RM10. See where Knm now??
guess where r these super-alpha stocks now? 1) march 1993, GRANITE=30c, yr end of 1993= $18. A 60 baggers 2)REPCO 199x, $2.50, 1-2yrs later, $2xx.xx 3)hup seng (biscuit producer) another 50 baggers, fr few Rm to RM1xx.xx
"investor is neither right or wrong because others agreed or disagreed with him; he is right because his facts and analysis are right." – Ben Graham help me to answer these: as early as 2013, KC was already writing abt furniture stocks, can anyone tell me why suddenly KKY removed KC from 1 of the 3 ppl managing some of kky's fund?
My Bro Invest88 said it well - count me in also I'm no 11 out of 10 :) hope all is well with u :)
actually paperplane2 said it well too about KNM n Kc has published many articles for a few years already about the poor financials of the company. Too bad for me n my pocket that I do not know Kc BEFORE I 'invested' in KNM but I learn a LOT from him about value investing thru his articles n particularly enjoy his shenanigans of General Lee.
Thankfully he will still continue sharing - juz too bad that time is something I do not have enough but his articles is a MUST for me despite my busy schedule :) Thanks KC and hope God continue to bless you and your family with good health more importantly n wealth :)
The criticism against KC is uncalled for. Old man think he is right just because share price has gone up.
Let me be frank. On most occasion, I invest the same way KYY invests. I buy before consistency in earnings can be established hoping that company will continue to perform in the future. I scour the bourse looking for the next big thing, the undiscovered gem, hoping that my discovery will outperform those are proven.
Despite my higher than average return, I will never tell the public to follow my footsteps because I know full well that I assume higher risk to achieve it. My standard advice to new investors is that if they have no time, buy blue chips or index, buy small/medium caps only if they have the dedication to know and monitor the company they buy, and unless they have the stomach for risks, learn FA from KC Chong and be safe.
Speculating about the future can earn you extraordinary returns. But let's not kid ourselves the risk for doing so is as low as buying Public Bank. Even though I speculate on occasion, I think this attack on KC Chong is uncalled for. KC Chong's methodology is still the golden benchmark for protection of capital and safety, and I will recommend his methodology anytime to new investors over my riskier, painstaking strategy. To boast about high return from assuming high risk is unethical, irresponsible and frankly I'm quite disguted with it.
KC, please ignore him and continue sharing your articles. In fact I find your articles so informative that I attend your course. Through the exercises I understand that it takes so many work to write the articles which you share like simple essay. I respect you for this free sharing.
I think the criticism against KC is irrational. In investment we all have different methods. There is no need for angry if others put out different opinions. We should instead appreciate it as it help us to look from different angle. I don't there is a perfect method or else all of us here will be rich long time ago. Any opinions should be appreciated as it may remind us of areas that we missed out.
Analysis of business involved profit & loss performance, balance sheet strength and cash flow arising from operation, investment and financing decision.
When you mixed fundamental analysis with trading mentality, sometime you may get blinded with one aspect of the business performance and overlook the weaknesses building up in other areas that may endanger its viability should the environment it operated in turn sour. Especially when valuation get too lofty.
I would prefer to invest in a well run business with sustainable profit growth, right mix of debt equity structure and positive free cash flow. Especially on businesses which delivered consistent dividend payout.
I respect KC fundamental analysis skill and propounding the right mindset for long term investment.
Appreciate your writings and comments, KC. Dun let that old man keep bragging about his "noble intentions". He is nothing but a sly and arrogant fox preying on newbie investors and showing off as a philanthropist. I believe they are many wise people who can discern once you know the motive behind writing an article. And for KYY, definitely he has ulterior motives behind. and he will do whatever he can to stop people from foiling his plans to make money
Kc got his own way of investing, he is not a momentum trader nor a short term investor, thus missing out boats like VS/IFCA/ SUCCESS etc, no wrong with that, as a SMART investor, we should know what the general investors like, then we buy ahead of them, that is called smart
In the end..just be sure u make $$$ from the mkts..whatever method, way..give some due respect to others n no need to criticise other persons style lahhh...life is too short...get on with it dehhhh...
Posted by Alphabeta > Oct 21, 2015 09:39 AM | Report Abuse
When you mixed fundamental analysis with trading mentality, sometime you may get blinded with one aspect of the business performance and overlook the weaknesses building up in other areas that may endanger its viability should the environment it operated in turn sour. Especially when valuation get too lofty.
Alphabeta,
do you need to make thing sound so complicated??????
sifu cold-eye or warren buffet will pengsan when you teach them your mentality.
====================================================================== Posted by Alpha Trader > Oct 21, 2015 10:13 AM | Report Abuse
Kc got his own way of investing, he is not a momentum trader nor a short term investor, thus missing out boats like VS/IFCA/ SUCCESS etc, no wrong with that, as a SMART investor, we should know what the general investors like, then we buy ahead of them, that is called smart
1. SMART DIE FASTER BUT SAFE NEVER DIE 2. a value investor always has a set of stock pick criteria, if all the stocks you mentioned do not meet one's stock pick criteria , do yo call it a miss
once a while make 100% , 200% or 300% .. is not a big deal
just refresh the story of DATASONIC or prestaring , you see a few buses of investors make the score but at the same time also a few buses make a few hundred negative score
nothing to be proud of.
pakcik ayamtua also had ever made a few hundred percent score before. don't believe? ask him
Dear xuewen, you are right. Lets' make it simple. In business or investing, the key word here is don't "Over-trade". Especially when you need to leverage beyond the comfort zone by building up capacity, inventories and receivables.
I am not siding either party. I believe it is just looking at the same counter from a different angle. No need to get personal. WHEN YOU HAVE DONE SOMETHING WRONG, ADMIT IT AND BE SORRY. NO ONE IN HISTORY HAS EVER CHOKED TO DEATH FROM SWALLOWING THEIR PRIDE.
Different views & angles will give different dimensions of the matters, opportunities & risks are twin brothers, The more information we have, we may be able to make better decision.
We can not please everyone, hope kcchongnz can continue his good works.
I prefer to follow Mr KC Chong fundamental investment, more safe and could see return like Homeritz which I have been holding before bonus share ever since I read his article.
As for Mr Koon investment fundamental (is more on business concept) and a high risk investment which is not wrong if you know the business growth however, most of the small retail investor like me prefer seeing return in long term because I am just a small investor with limited cash which could not impact any share movement.
Anyway, I regards Mr Chong as my guru and so far it work. Thank you Mr Chong and please continue to share your stock analysis.
There are many different investment styles and strategies to make money from the stock market. Let us find the style that suits us and that style must make money. So,it doesn't matter who we follow, KC Chong or Koon as long we understand what we are doing and as long as we MAKE MONEY!
Respect is earned indeed! The real super investors and philanthropists are unassuming and keep a low profile, without trying to tell the whole world what they achieved or did, for they didn't have to. And xuewen, you are right, once a while, we may land ourselves with multibaggers, but not necessarily good investments, like the good old second board bull run days in 1995-1996. I have plenty of 1000% counters, even one that went up 50x, before I lost them all when they crashed.:-)
Just chill. As long as you make money cukuplah. Its a total lie if you never loss in stockmarket. Its also a total lie if you just win in stockmarket. Just stick to what you believe. At the end of the day, you pay the cheque and you earn the cheque.
Thank you for all the kind words; some from my course participants, some from my friends and e-friends who have been continuously giving me the moral support, some I just do not know them. Also thanks a couple of them who are critical about my investing strategies, but without the terms like "talk cock", "empty tong", "rubbish". "bull shit", "misleading' etc., at least in this thread.
I have to specifically mentioned about this one with a simple statement from him, as I have learned a great deal of things from the past:
[Posted by luzeeker > Oct 20, 2015 09:52 PM | Report Abuse Keep writing KC, you wrote good articles.]
So looks like I am "obliged" to keep on writing. Haha.
I have used VS as examples a lot for sharing because there are many "interesting" things about the past and present performance of this company. One just can't write much about a company if it is not "interesting". Mind you, I have never encouraged nor discouraged anyone from investing in this share, nor have I talked about what its share price will be in the future.
But sharing of the "interesting" things seems to antagonize some people. I seriously did not have that intention. For me, I am always happy to people who tell me the opposite view of a stock I own. It curbs my over-confidence which is to me, is detrimental to my investing outcome.
I guess maybe I should refrain from talking about this company any more. So too bad for those who owns VS shares now, because every time I talked about it, its share price goes up.
KC Chong, you have done a great job & please continue writing. We cannot please everyone. Even me, KC you once told me off about Latitude that the directors are there not to worry about the share price. True to the dot. I have accepted yr comments with thanks. Yr articles have been both informative and eye openers. All I can say is.."to each his own'. So KC lets just move on and you continue to spread the good cheer & happiness that u bring to many of us. To those who are not happy just don't read. Plain & simple.
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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....
bluefun
643 posts
Posted by bluefun > 2015-10-20 21:25 | Report Abuse
KC, don't bother other ppl criticism and get influence by them, just be yourself :)
I3 readers hv learn very much from your article, we hope that you will share v us your experience, calculation and opinion for investment.
I will always support you KC, add oil :)