I wrote the following to KYY...and he thanked me for it.....
man to fit the environment or environment to fit the man.....
if you are KYY....with KYY record, confidence, bullets, attitude towards risk, money and wealth, worth hundreds of millions, what is a few million here and there?
its nothing.....if you are widow with fixed allowance, money has a different meaning.....your attitude towards risk, money and weath is very different from KYY one.
KYY has no hesitation in changing the environment to fit the man....KYY has the confidence and the bullets to change reality. ....The only problem is....how many of us are KYY?
That is why we hunt in the middle, eating left over grass.....KYY hunts in the edges, eats fresh grass ....feast or famine......even if famine , KYY still has his abalone ......what people say, several generations no worry.....
Chicken , play with nuts , scared scared..... cannot expect to have super investor returns......facts of life....
What has changed in steel industry from March to now? Nothing....except KYY is in, in March KYY was not in.....recall in March, KYY says with every town full of unsold houses, steel shares cannot buy one.....
guts.....but I tend to lose money if I trade fast and depends on guts........and tend to make winning trades if I trade slower and use my experience......
another way of putting it....if I buy early in the mornings, I tend to lose money......if I buy in the afternoons, I got good chances of making money.....
Is Neoh Soon Kean and Yeon Seng Choon a bankrupt? If not, yes it works.
Look, its just logic. Value investing is like inoculation. You either get it or you don't.
==== Apabagus Jon baby.Let's answer this question first.If W Buffett was a Msian instead of a USA citizen and he can only invest in bursa, what cos would enable him to get the results he achieved now as a usd multibillionaire? Final reminder to you baby.One yr experience dun talk so much. 25/08/2018 21:18
value investing, growth investing, trading or speculations...the last two having bad ( uncalled for) image....diversified or focused portfolios.....
nowadays, everyone wants to be a hedge fund, 100% return if possible...go and sailang la....value partners cheah cheng hye calls it the killer instinct.
Bro, you are right, value investing dont work at all man.
==== Apabagus Jon baby.Let's answer this question first.If W Buffett was a Msian instead of a USA citizen and he can only invest in bursa, what cos would enable him to get the results he achieved now as a usd multibillionaire? Final reminder to you baby.One yr experience dun talk so much. 25/08/2018 21:18
PEOPLE NEED TO UNDERSTAND WHY SIFU LIKE ICON, CHARLES T, PROBABILITY, QQQ, CALVIN TAN, KC AND OTB ATTACK JON CHIVO ON THE ISSUE OF RM 5K FEES HE CHARGE FOR TIPS....!!
IF LIKE MOST KUNGFU MOVIES....THESE YOUNG CIKKU JON...GO & ATTACK ALL THE SIFUS KUNGFU ACADEMY IN ORDER TO GAIN FAME & PUBLICITY LOH...!
IT IS !IKE JON GETTING CHEAP PUBLICITY MILEAGE, BY BEATING EACH & EVERYONE OF THEM, THE YOUNG CIKKU GAIN RECOGNITIION LOH...!! JUST LIKE KUNGFU MASTER WONG FEI HONG BEING DEFEATED LOH...!!
IN ORDER TO STALLED ADVANCES N PROGRESS OF THIS YOUNG CIKKU CHALLENGE, THE SIFU DECIDED TO ATTACK...INSTEAD OF BEING DEFENSIVE....WHEN THESE YOUNG CIKKU COME UP WITH 500% RETURN KUNGFU AND CHARGING RM 5K FEES FOR TIPS & KUNGFU ADVICE LOH....!!
RAIDER SAYS BE SPORTING LAH....JUST ALLOW JON CHIVO CARI MAKAN SIKIT MAH...HE IS STILL YOUNG MAH....!!
Posted by qqq3 > Aug 26, 2018 10:48 AM | Report Abuse my favorite target for writing here remains OTB and KC....gives me great pleasure.
It gives me utmost pleasure just to respond to your "attack" on me too with my name stated, to expose a know-nothing, talk-nonsense, fake accountant, an incredible PLP, etc. The more you carry out personal attacks, the more you show your stupidity, ignorance, and PLPness.
To sum it all, in order to make money in stock market, you may need 1. knowledge & analytical skills (FA & may be TA) 2. business sense (understand company's product, market & industries) 3. guts (action to buy & sell) 4. targets to profit & cut loss point (know where is the destination) 5. timing to act (when to buy & sell) 6. LUCK.
FUNNY TO SAY, MANY FOLLOW HEARSAY & DEPEND HEAVILY ON LUCK.
They common like the following: 1. knowledge - no time to read & analyze 2. business sense - what is that? 3. guts - rush to buy high & fear to suffer more 4. targets - 100% return in 1 week time 5. timing to act - when every buy, buy AND when everyone sell, sell 6. LUCK - YES
How many companies do you think is that amazing in the US stock market? Less than 50 out of 25,000.
And how many selling at attractive valuations? Very very little, maybe 2 or 3.
And how big is US market? Well, Berkshire Hathaway is worth more than the entire KLSE market.
Our name is not warren buffet. Even Koon Yew Yin is a germ when it comes to worldwide capital markets.
If he try to get a meeting with warren buffet, by saying how much money he has, he won't even get past the secretary. A secretary who join WB company in 1970 probably richer than him!
And compared to koon yew yin, we are insects.
You only need one or two company. If you get in aeoncr, myeg etc early, by now you will be talking like 3iii, ahahahaha.
Of course, everyone thinks the grass is greener on the other side, but by virtue of being malaysians, we have information edge about malaysia compared to foreigners.
And if we are not able to find even one or two in malaysia, what makes you think we have a better chance of finding it in the US stock market, where its so efficient, and sharks got from gigantic to tiny.
And we are complete aliens there.
You want to buy the names you know? Everyone there also know. Nvidia 60PE. Google, almost 40PE, Amazon, 250PE.
General mills and kelloggs can actually show you less profit and revenue for 2 years for you to see. 15PE, but you also don't dare buy because you wont know the consumer market there that well. Here, nestle, you know every year sure up, but there, you wont even know which consumer brand to buy.
Having said that, US now also alot of opportunities in the energy sector, quite a few energy companies at 3-6 PE. Synchrony financial is only 9PE.
I considered going to US markets in 2016, and if i did, i think i will feel like genius, because a rising tide lifts all boats. But that does not change the fact that i would probably just lucky.
Malaysian markets is actually more efficient than US market due to certain factors. But it is more inaccurate.
And there's only 9XX companies. Newbie just need to read for a few months, and they'll know the market quite closely. Of course almost none will do that.
US market, need at least 3 years to finish reading.
=====
Icon8888 I am not against Buffettology. Who am I to question a great investor like that with solid proven track record ?
I AM AGAINST APPLYING BUFFETTOLOGY IN MALAYSIA.
Apart from Top Gloves, PBB and few others, how many Malaysian companies can consistently deliver growth like Coca Cola , Gillette, etc ? 25/08/2018 21:03
Every time, people say cannot find 10 baggers in malaysia, don't have companies with moat.
And yet every few years, another 10 bagger appear.
Its not no chance, we are just not smart enough yet.
==== Icon8888 I am not against Buffettology. Who am I to question a great investor like that with solid proven track record ?
I AM AGAINST APPLYING BUFFETTOLOGY IN MALAYSIA.
Apart from Top Gloves, PBB and few others, how many Malaysian companies can consistently deliver growth like Coca Cola , Gillette, etc ? 25/08/2018 21:03
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
Up_down
4,361 posts
Posted by Up_down > 2018-08-25 23:00 | Report Abuse
Listen to your intuition
https://youtu.be/UzRvKXiKbuw