THE PROBLEM OF CHOIVO, IS THAT HE TALK & WRITE GOOD ARTICLE ON LONG TERM BUT HE THINK VERY SHORT TERM MAH...!!
U NEED TO INVEST LONGER TERM IN INSAS TO MAKE VERY BIG MONIES LOH!
Posted by Good123 > Oct 28, 2020 5:26 PM | Report Abuse
Think long term
“The big money is not in the buying and selling, but the waiting” - Charlie Munger
Finally, patience. If you’ve been you’ll know that we’re long-term investors at heart.
As humans we generally have a tendency for activity, we always want to be doing something. In financial markets, that can take the form of buying and selling frequently.
However, if we buy and sell, we unnecessarily interrupt the 8th wonder of the world from working its magic: compound interest.
To illustrate, if you start with $1 and it increases by 1% each day and is compounded daily for a year, it grows to $37. That’s a 37 fold increase.
After 5 years, that initial dollar becomes $77,002,912.
So long term investing is where the big money is made.
COIVO SAID THAT HE SAY "POS IS GOOD", BCOS HE THINK SHORT TERM LOH..!!
MEDIOCRE MANAGEMENT ARE VERY BAD FOR LONG TERM BUSINESS MAH...!!
90% of articles and recommendations here are untrustworthy...better do your own research. Trust yourself more, don't fall into trap. Save your hard-earned money !
In this case I agree totally. What is the turnaround strategy for pos? If the owner do not love themselves and do share buybacks, it means they think that pos is not undervalued. Devoid of earnings, his management doesn't buy back shares at cheap prices, why would you?
To be fair with Choivo, I have made quite a subtantial money from Choivo's recommendation. Most of his articles did help push the price up and it is up to us to decide when to get out. Remember, Choivo is not paid to tell us when to sell. We have to do our own due diligence.
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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....
BLee
899 posts
Posted by BLee > 2020-11-01 10:01 | Report Abuse
Very good detective work, enlighten the unseen..should be done on all shares before buying. Happy Trading.