The value investing is a true believe but i also damn like this statement..."If it is so easy, you can do some computer programmes and let the computers trade for you. Why you need to do the buying and selling yourself?"
A value investor by definition needs two things.....an intrinsic valuation and over / under valuation. Whatever intrinsic valuation one derives, it is just his opinion based on his methodology . In later installments, we will come to its weaknesses and fallacies.
comman investors behavior is,,,when before buying stocks,,they are thinking of value investing method..But later,,because of impatient and greed or over confidence themselves,,they slowly rather like to taking higher risks and love speculating..this is where big mistake is begin..and kill them..
Not surprisingly, Desa aka stockmanmy came out such an despicable article again. That's why he can't differentiate TWOT for each individual company / sector. He even trying to convince people to pick PUC over TEkSENG ; D&O over JHM .This is a totally Big Con from him.
a value investor armed with 20 formulas about the past requires that the future earnings is an extrapolation of the past.
a defensive portfolio such as mine requires no such conditions. it just requires that I choose my entry point well, that my loss is limited and my potential gains far exceeds my potential loss.....it requires that I read market trends ahead of the crowd.
Seriously, u really think that value investing is crunching number and arm with different formula? Then u really know nothing about value investing and I suggest you to go and watch the annual meeting of Berkshire Hathaway. It take a lot more to become value investor.
First of all, you need to be discipline and do not influence by noise and crowd behavior. Secondly, you need to understand the business well by looking at their past performance. It provide you a basis of valuation but always bear in mind that past does not represent future. Thirdly, you need to study the nature of the business and also read report, a lots of report for the understanding of the trend of industry. Last, you need to understand the management behavior to ensure the company will not fall because of mismanagement.
It is definitely not easy to be a value investor but it is totally worth it. Every decision you made will double or triple your return. And it is not only about crunching numbers.
no no no, u dun know wat kok u tok about ... listen to leno the most panlai .... know yourself 100 battles 200 lost ... but if u know your stock, 100 bets definitely 200 menang ... Buy PMCORP ... gerenti menang. U no believe, then u can try buy some first ... see true or not ... gerenti true one.
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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....
Ricky Yeo
1,637 posts
Posted by Ricky Yeo > 2016-05-08 08:34 | Report Abuse
Undermine confidence? Im surprise someone that never walks the path as a value investor tries to convince others what value investing is not.
Who told you intrinsic value is tangible in the first place.