Someone no FA sense , no look at FA just only use business sense to invest ,this call 投机 , see market now how perform , prospect no good all throw first , prospect good all rush to buy even PE trading at 20above
you think following the accounting rules gives you better odds in the KLSE?
or would you get a hands full of companies with the same characteristics and all collapse together when circumstances change?
There is ONLY one rule that applies equally.....Know what you buy and Why you buy.
And if you want to be more prudent....go and diversify as much as you can across all characteristics not limiting to accounting rules. This way you may catch some truly great investments in the KLSE through the years such as.....Vitrox, Press Metals, Top Glove, Hartalega, Scientex, Myeg, and many many more that will leak through the above rules
religious organisations who treat stock market like a cult , even if they call themselves value investors is still a cult
even your great hero Warren Buffet admitted, if he is to start all over again today, don't think he can repeat what he has done........................
many ways to go start a portfolio....but a portfolio based on accounting rules as suggested is among the most silly way to go about doing it.....the weakness...if circumstances change, the whole portfolio can collapse on you.
why? Why you want a portfolio full of investments based on the past accounting rules? what happened to the future? Business sense? Environment? Big picture trends?
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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....
3iii
13,200 posts
Posted by 3iii > 2017-12-13 20:24 | Report Abuse
Warren Buffett's One dollar premise
https://myinvestingnotes.blogspot.my/2012/10/the-one-dollar-premise-of-warren-buffett.html
https://myinvestingnotes.blogspot.my/2012/10/financial-tenet-one-dollar-premise.html