Posted by stockraider > 2017-02-07 21:19 | Report Abuse

PAPERLANE,

CHINESE NEW YEAR AROUND....SO RAIDER TRY TO AVOID...ARGUING TOO MUCH LOH....!!

NO GOOD FOR FULL YEAR FUNG SHUI LOH....!!
THATS WHY LOW PROFILE EARLIER LOH....!!

Posted by stockmanmy > 2017-02-07 21:20 | Report Abuse

raid.....

don't talk nonsense...

Dare not see UMWOG for 1- 2 years out and see how PNB doing national duty in consolidation of the OG sector and a very good thing and will be duly rewarded. The kind of deals WB will love to be involved in.

Yet keep bullshitting about 5 years plans.


PNB together with Petronas cannot make you a lot of money on UMWOG? If so skeptical of the country...go buy Fixed Deposit la......what are you doing here?

Posted by stockraider > 2017-02-07 21:26 | Report Abuse

Dare not see UMWOG for 1- 2 years out and see how PNB doing national duty in consolidation of the OG sector and a very good thing and will be duly rewarded. The kind of deals WB will love to be involved in.
MAMMY...U ARE A CONMAN LOH....SOME MORE MAKE USE OF W.BUFFET GOOD NAME TO CON THE INNOCENT AND SIMPLE MINDED LOH !!

Yet keep bullshitting about 5 years plans.
W.BUFFET WILL NEVER SUPPORT COMPANY LIKE UMWOG, WITH NO MARGIN OF SAFETY AND HEAVY DEBTS LOH....!!
IF U DON BELIEVE...U ASK W.BUFFET DISCIPLE 3iii LOH...!!

PNB together with Petronas cannot make you a lot of money on UMWOG? If so skeptical of the country...go buy Fixed Deposit la......what are you doing here? EVEN IF THEY MAKE MONIES...THEY WILL NEVER SHARE WITH MAJORITY OF NON BUMI LOH....!!
THEIR OBJECTIVE IS TO CON U LOH...!!

IF THEY DON CON U, WHO ELSE THEY CAN CON LEH ?

Posted by stockraider > 2017-02-07 21:33 | Report Abuse

This is an excerpt from STOCK MARKET INVESTMENT In Malaysia And Singapore by Dr Neoh Soon Kean, the Benjamin Graham of Malaysia. Year of printing 1985

THE GREATER FOOL THEORY (Page 67 Last paragraph)


ONCE THEY START DUMPING IT WILL BE TOO LATE TO ESCAPE!!!
SO SELL WHILE THE SELLING IS GOOD (Calvin comments)

This is a theory that is usually very popular during the immature phase of a stock market's development. More of the followers of this theory are not aware that the trading system which they believe in goes by this peculiar name. From the stock market's behaviour during the past three booms, we can say that many Malaysians/Singaporeans appear to be strong supporters of this theory. This theory was very popular in the US during the 1920s but since then, it has fallen out of favour even though pockets of true believers still appear from time to time.

In essence, believers of this theory hold that stock prices are not dependent on anything tangible but rather dependent on the continual appearance of more people who are willing to purchase the stocks at an even higher price {these people are the so-called 'greater fools'). Thus, it neither matters what price one buys a stock nor that the stock's price is ridiculously high by any normal standard of measurement. Thus the believers of this school of thought hold the view that whatever stock one buys can always be sold at a higher price because there will always be greater fools than themselves. Thus, it is fine to buy MUIB at $24.00 because there will be another person foolish (or brave) enough to pay $26.00 for it. Believers of the greater fool theory never for a minute think that the supply of fools will be exhausted and that they may be the final purchaser before the crash.

During every stock market boom, there are usually a large number of believers of the greater fool theory and some of them actually make a lot of money on the way up. Some of them get out in time by finding some greater fools to take over their hot potatoes in the nick of time but many find that they themselves end up as the greatest fools because there is no one else willing to bid up the price anymore. Needless to say, the Greater Fool Theory is a much discredited one among academics and most professionals. But it still finds many adherents. Why is this so? Everyone is having too much fun, (that is, making so much money) on the way up that they do not want to leave the market. George Goodman, writing under the pen name of 'Adam Smith' has this wonderful parable to explain how people are caught up in the web of the Greater Fool Theory and do not know when to get out.

We are all at a wonderful ball where champagne sparkles in every glass and soft laughter falls upon the summer air. We know, by the rules, that at some moment, terrorists will burst in through the terrace doors, killing many and scattering the survivors. Those who leave early will be saved, but the ball is so splendid that no one wants to leave while there is still time. Everyone wants to enjoy one more dance and sip one more glass of champagne. So everyone kept asking: "What time is it? What time is it?" We look around and find that all the clocks have no hands.

This may be a surrealist's way of describing the stock market but Goodman's parable has a great deal of truth in it. Of course, we know that in every speculative boom of the past, the 'terrorists' did come when most of the guests were still enjoying themselves at the ball. As 'Adam Smith' implies, nobody knows when a speculative boom will end but end it must for that is the rule. At every speculative boom, not many of the small speculators escaped with their gains made on the way up. Most of the smaller speculators known to me eventually lost all their gains and much more than what has been gained.

Some even lost a large part of their original capital. Thus on the next occassion when you happen to find yourselves at this type of a ball, try to leave early. The problem is that once one is caught up in the fun and games of the party, one is apt to lose touch with reality. Chances are that believers of the Greater Fool Theory will hang on to the bitter end, only to be slaughtered. It is better to miss a few dances or a few glasses of champagne than lose one's life.

In concluding this section, an anecdote about Bernarde Baruch, generally acknowledged to be the greatest stock traders of the 1920s is related. He was once asked how it was that he remained so rich while many of his contemporaries had declared bankrupt. This was his splendid answer: 'I always sold too early.'

REMEMBER DR NEOH LESSON ON GREATER FOOLS....!!

Posted by stockmanmy > 2017-02-07 21:41 | Report Abuse

raid

Its PNB and Petronas.....

Malaysian institutions with very good track records.

To be winner....one also has to develop a sense of judgement of character...without that, raider, you are just another headless chicken.



its call optimistic skepticism. All successful CEO have developed that skill.

Posted by stockraider > 2017-02-07 21:45 | Report Abuse

Its PNB and Petronas.....

Malaysian institutions with very good track records.

To be winner....one also has to develop a sense of judgement of character...without that, raider, you are just another headless chicken.

IF SO GOOD WHY SIME...SING A DIFFERENT TUNE LEH ?

THE ANSWER....IS THAT, THEY ARE NOT POSITION IN THE POSITION TO CON MANY AFTER SO MANY YEARS...SO THEY CHANGE RULE AND CHANGE SHAPE....HOPING TO GET INTO THE CONNING INITIATIVE AGAIN MAH...!!

SO NON BUMI PLS BE WARY LOH....!!

IF BUMI FUND DON CON & GET U...WHO ELSE THEY CAN GET LEH ??

Posted by stockmanmy > 2017-02-07 21:49 | Report Abuse

raid

It is healthy to be skeptical and analytical.
Not healthy to call every thing you do not understand a con job

You just don't have it....too bad.

Posted by stockmanmy > 2017-02-07 21:52 | Report Abuse

your margin of safety in stocks like Choo Bee is the worse thing in the world......absolutely no liquidity.

only suitable for raiders who buy 1 lot at a time....and sell 1 lot at a time.

Posted by stockraider > 2017-02-07 21:53 | Report Abuse

THIS BUMI FUND HAS BEEN SLAUGHTERING MANY MANY NON BUMI INVESTORS....RAIDER TRY TO HELP SOME LOH....!!

IT IS BAD KARMA U SUPPORT THEM LOH...!!
U R A DISGRACE AND TRAITOR LOH....!!

Posted by stockmanmy > 2017-02-08 01:37 | Report Abuse

Any thing touch by raider is bad karma.

Posted by stockmanmy > 2017-02-08 08:53 | Report Abuse

No other way.
If your objective is to be rich, really really rich.
The best part is, it can be learnt,
get yourself a good mentor...one who has a long track record , not a talk cock raider.
And the risks well acceptable



Posted by cheoky > Feb 6, 2017 06:10 PM | Report Abuse

Ten people sailang based on your criterias, 1 become rich, 2 become negative rich to banker, other into oblivious. Or all ten becomes rich? Icon pls advice

Posted by stockmanmy > 2017-02-08 11:36 | Report Abuse

the one word to describe all super investors is temperament.

and temperament is the most difficult to define and control.

Posted by Icon8888 > 2017-02-08 11:41 | Report Abuse

you are making things very complicated

this is because you keep on thinking how to make RM100 mil in 2 years

most of us are different, we aim for 20% return per annum

the difference between you and us is because we are quite big, and you are starting with RM100k

if your portfolio is big, you don't need to sweat it too much, just make 20% return and that is more than enough to live a very comfortable life

maybe you will understand us better when you reach our size

Posted by stockmanmy > Feb 8, 2017 11:36 AM | Report Abuse

the one word to describe all super investors is temperament.

and temperament is the most difficult to define and control.

Posted by stockmanmy > 2017-02-08 11:51 | Report Abuse

icon

I am discovering the secrets of super investors, one page at a time...and sharing with you all. Free no subscriptions needed.


The most powerful force in Nature.

Posted by stockmanmy > 2017-02-08 11:58 | Report Abuse

icon


If don't follow what I have discovered.....20% pa also cannot get. That applies to everybody.

Posted by Icon8888 > 2017-02-08 12:06 | Report Abuse

I don't aspire to be so called " super investor "

I just aim for 20% return per annum

20% return enough for me to eat abalone everyday. What for I take on excessive risk by " sai lang " ?

as I said, you only bet aggressive if your portfolio is small

KYY is a unique case. He bets big because he is so old already, he doesn't need the money and can afford to lose them

anybody with huge portfolio that tries to emulate him is foolish and irresponsible (to his own family)

Posted by stockmanmy > 2017-02-08 12:11 | Report Abuse

icon


to be equipped with the temperaments of a super investor

and the forecasting skill of a super forecaster. ...no mountain is too high.



and I wish to thank Ricky Yeoh for this book.

the best in the business.



Superforecasting - The Art and Science of Prediction by Philip Tetlock

A must read for every investor. Tetlock examines some of the best minds in predicting and their thinking process. You will learn some of the great tools like think probabilistically, outside view vs inside view, and be a fox, not a hedgehog.

https://drive.google.com/open?id=0B...

Posted by Icon8888 > 2017-02-08 12:13 | Report Abuse

btw I am still stuck at Keinhin recommended by you

what had happened to this super stock that you like so much ?

^P^*(55$@@$

(LOL I enjoy the blaming on you)

Posted by Op3rs > 2017-02-08 12:14 | Report Abuse

bro you sound more and more like a priest.. everyday teach ppl sai lang

Posted by stockmanmy > 2017-02-08 12:16 | Report Abuse

icon


You do not understand temperament yet.....

Both Soros and Warren keep pressing their assistants to increase the bet sizes when they have agreed on some thing.

Its temperament they have in abundance. Did they need the money?

Posted by Icon8888 > 2017-02-08 12:21 | Report Abuse

why so difficult to master your temperament ? just switch off your computer will do

if you don't look at it, there will be no fear no worry

seriously, this is what i learn, as far as temperament is concerned

btw, I bought the super forecasting book you mentioned (kindle version)



Posted by stockmanmy > Feb 8, 2017 12:16 PM | Report Abuse

icon


You do not understand temperament yet.....

Both Soros and Warren keep pressing their assistants to increase the bet sizes when they have agreed on some thing.

Its temperament they have in abundance. Did they need the money?

Posted by stockmanmy > 2017-02-08 12:23 | Report Abuse

icon

you should get to know Mr Tetlock before you comment

even if you are too lazy to read a 400 page book.....you can read some book reviews online that gives a good summary of what to expect.

Posted by Icon8888 > 2017-02-08 12:25 | Report Abuse

ok i take back my earlier comment

reading Tetlock now. bought his book from amazon kindle version

Posted by stockmanmy > 2017-02-08 22:54 | Report Abuse

you can call me the sailang priest.



Op3rs > Feb 8, 2017 12:14 PM | Report Abuse

bro you sound more and more like a priest.. everyday teach ppl sai lang

Posted by stockraider > 2017-02-09 01:56 | Report Abuse

Always read W Buffet....B Graham they always advocate getting rich the slowly and surely the sustainable way mah....!!

They never advocate sailang...like mammy mention loh....!!
They believe in the power of compounding over time mah....!!

FOLLOW MAMMY ADVICE OF SAILANG IS BAD ADVICE !!
IT IS JUST GAMBLING & PUSHING THE LUCK LOH....!!

IF U READ REMINISCENCE OF A STOCK MARKET OPERATOR.....THE HERO..KNOWN AS THE BOY PLUNGER....HE BECOME VERY RICH AND THEN BANKRUPT MANY TIME OVER HIS CAREER IN STOCK MARKET LOH....!!

AT THE END SAD STORY....HE COMMITTED SUICIDE LOH...!!

THE MORAL OF THE STORY....U DON NEED TO PUSH YOUR LUCK LIKE A GAMBLER OR LIKE THE HERO BOY PLUNGER LOH.....!!

USE THE POWER OF COMPOUNDING AND USE MARGIN OF SAFETY....U SURELY & SLOWLY WILL BECOME RICH LOH....!!

Posted by stockmanmy > 2017-02-09 02:27 | Report Abuse

raid

a poor judge of character like you will never amount to any thing.

a key ingredient for people like Warren Bufett to succeed is their uncanny ability to judge people's character

and the whole life of Warren Bufett can be describe as sailang as you read through his investments from young to the present.

When has ever WB played safe?

Posted by stockmanmy > 2017-02-09 02:36 | Report Abuse

From the time WB used every last sen he has to buy a bankrupt textile company to his investments in Coca Cola and McDonald , to the Insurance companies and banks and recently the China BYD, to railroads, Goldman Sachs, oil refineries , Apple most recently....he has been willing to bet the fortune of his whole company.

WB talks a lot but first and foremost, WB is America's sailang King.

Posted by stockraider > 2017-02-09 11:36 |

Post removed.Why?

Posted by stockraider > 2017-02-09 11:42 |

Post removed.Why?

Posted by stockmanmy > 2017-02-09 12:22 | Report Abuse

you are i@@@@, raid

pure bred id####

I write so clear, you still don't understand, pure, id@@@@.

Posted by stockmanmy > 2017-02-09 12:25 | Report Abuse

raid


you think WB can be a successful investor if he is just as lousy as you in reading people character? Just not possible.

Posted by stockraider > 2017-02-09 12:31 | Report Abuse

Raider says not like u mammy, so low...so poor character....making use of warren buffet superb integrity....to mislead newbies loh...!!

Posted by stockmanmy > 2017-02-09 12:43 | Report Abuse

a lot of newbies wants to be rich like WB....

good they start their sailang career early.

Posted by mogul88 > 2017-02-23 11:53 | Report Abuse

Hi stockmanny, can share the ebook Superforecasting - The Art and Science of Prediction by Philip Tetlock in your googledrive again ?

Posted by stockmanmy > 2017-02-23 12:06 | Report Abuse

what is in my google drive you also know? you a hacker?

Posted by mogul88 > 2017-02-23 12:42 | Report Abuse

Zzz ... so sensitive for what ? You shared yourself on this page mah. Check 1st before you accuse lah