Posted by 3iii > 2019-10-09 11:55 |

Post removed.Why?

Posted by Icon8888 > 2019-10-09 11:56 | Report Abuse

nobody cares about CI

It is irrelevant

Posted by 3iii > 2019-10-09 11:57 |

Post removed.Why?

Posted by 3iii > 2019-10-09 12:06 |

Post removed.Why?

Posted by 3iii > 2019-10-09 12:10 | Report Abuse

No One is Immune from The Party Effect or Recency Bias


WHAT IS THE RECENCY BIAS?

When describing the stock market each participant sees their portfolio’s performance from their perspective only and thus they are always “right”.

This leads to what I call The Party Effect or what Financial Behaviorist call the Recency Bias.

http://myinvestingnotes.blogspot.com/2019/04/the-party-effect-or-recency-bias.html

Posted by stockraider > 2019-10-09 12:24 | Report Abuse

Don u think u r not suffering from recency bias as describe ??


Posted by 3iii > Oct 9, 2019 12:10 PM | Report Abuse

No One is Immune from The Party Effect or Recency Bias


WHAT IS THE RECENCY BIAS?

When describing the stock market each participant sees their portfolio’s performance from their perspective only and thus they are always “right”.

This leads to what I call The Party Effect or what Financial Behaviorist call the Recency Bias.

http://myinvestingnotes.blogspot.com/2019/04/the-party-effect-or-recen...

Posted by stockraider > 2019-10-09 12:25 | Report Abuse

Don u think u r not suffering from recency bias as describe ??


Posted by 3iii > Oct 9, 2019 12:10 PM | Report Abuse

No One is Immune from The Party Effect or Recency Bias


WHAT IS THE RECENCY BIAS?

When describing the stock market each participant sees their portfolio’s performance from their perspective only and thus they are always “right”.

This leads to what I call The Party Effect or what Financial Behaviorist call the Recency Bias.

http://myinvestingnotes.blogspot.com/2019/04/the-party-effect-or-recen...

Posted by qqq3 > 2019-10-09 12:33 | Report Abuse

I don't even know is the CI now..........but I expect small caps to drop more than CI , just like today...........


I was not wrong....but individual shares behave differently...armada new high, MI surged yesterday, Carimin new high......Magni plunged today....

the right mental approach?

to play the probability game, to swim with the current, not to swim against the current..be positive and happy.....not to win every game but to be a winner overall like a poker player............

Posted by qqq3 > 2019-10-09 12:37 | Report Abuse

Posted by ahbah > Oct 9, 2019 10:04 AM | Report Abuse

I just wish stock mkt is just a game. For me only, stk mkt include landing in ICU or landing on hard concrete ground from high rise building.

How wonderful if stk mkt is just a game for all to main main and have everlasting fun.
============



not easy but it can be done....stock market is just a game, games people play.

Posted by 3iii > 2019-10-09 12:43 | Report Abuse

STOCK MARKET INVESTING WILL ALWAYS PRODUCE DIFFERENT OUTCOMES

Is this too obvious? You may say, of course they have different outcomes, they started at different times but that is not the point. #The point is that stock market investing will always produce different outcomes.#

One guest started at the worst time possible.
Another guest started at the best possible time.
How they look at the past determines how they see the present.
#Most importantly, it will determine how they will act going forward.#

Posted by 3iii > 2019-10-09 12:46 |

Post removed.Why?

Posted by 3iii > 2019-10-09 12:48 | Report Abuse

The field of Behavioral Finance (BF) has shown time and time again that people have variable risk profiles. BF demonstrates that fear is a stronger emotion than greed.

This means that in our simple 4 guest example, Guests 3 and 4 are more likely to exit the stock market at just the wrong time since their *recent, thus Recency Bias, experience is one of losing money.*

It means that Guest 1 and 2 are more likely to stay invested, thus *catching the next wave up that is likely to follow.*

Posted by 3iii > 2019-10-09 12:49 | Report Abuse

NO ONE IS IMMUNE TO THE PARTY EFFECT OR RECENCY BIAS

All 4 have intellectual access to the events of the last 30 months. All 4 can educate themselves on the stock market.

However, their particular situation is *so biased by recent events* that the facts are unimportant. They *behave irrationally.*

I have witnessed this irrational behavior throughout my career.

No one is immune, even advisors.

Posted by 3iii > 2019-10-09 12:51 | Report Abuse

TO OVERCOME: BE AN EXPERT ON THE STOCK MARKET YOURSELF.

There are ways to combat The Party Effect trap but it is the *deadliest* of all the stock market traps that I know. Few can overcome it.

The only sure way to overcome it is to
- become an expert on the stock market yourself,
- learn to manage your emotions, and
- then either manage your own money or hire competent managers that you recognize are expert in their chosen investment discipline.


However, if you hire an expert on the stock market you have not solved the problem if you do not have expertise. Let me repeat this sentence and highlight it. #If you hire an expert on the stock market you have not solved The Party Effect trap if you do not have expertise yourself.#

Posted by 3iii > 2019-10-09 12:52 | Report Abuse

To be invested in the stock market, you have NO CHOICE but to be an expert in investing yourself.

Posted by Icon8888 > 2019-10-09 14:19 | Report Abuse

he is living in his little bubble

Posted by Icon8888 > 2019-10-09 14:19 | Report Abuse

in that little bubble he is the Wise Man

Posted by 3iii > 2019-10-09 14:27 | Report Abuse

Zzzzz

Posted by Icon8888 > 2019-10-10 15:31 | Report Abuse

Gruesome company Jaks 96

I called BUY at 50

Posted by kclox > 2019-10-10 16:07 | Report Abuse

Taken your medicine?

Posted by Icon8888 > Oct 10, 2019 3:31 PM | Report Abuse

Gruesome company Jaks 96

I called BUY at 50

Posted by Icon8888 > 2019-10-10 16:18 | Report Abuse

My grandson has just woken up

Posted by Icon8888 > 2019-10-11 10:51 | Report Abuse

375

Posted by stockraider > 2019-10-11 14:37 |

Post removed.Why?

Posted by Icon8888 > 2019-10-11 14:38 | Report Abuse

38

Posted by Icon8888 > 2019-10-11 16:01 | Report Abuse

385

Posted by Icon8888 > 2019-10-11 16:03 | Report Abuse

Gruesome company ... LOL you have no idea what buffett actually means

Posted by calvintaneng > 2019-10-11 16:03 | Report Abuse

OPCOM IS NUMBER CHAMPION OF 12 MP BUDGET

GOOOOOOOOOOOOOO!!!!

GO GO POWER RANGER!!!!

Posted by 3iii > 2019-10-11 18:27 | Report Abuse

First reaction, a good budget overall.

Posted by hollandking > 2019-10-11 18:28 | Report Abuse

at least no more cutting,this time dumping money

Posted by 3iii > 2019-10-12 15:32 |

Post removed.Why?

Posted by 3iii > 2019-10-13 17:51 | Report Abuse

>>

Posted by geary > Oct 5, 2019 3:20 PM | Report Abuse

EQ...Detach yourself be objective...U will be Rich...!!!
https://youtu.be/vl2aP8dlIn4

>>>>

BUFFETT recaping the market of the last 100 years.

Posted by Sslee > 2019-10-13 18:13 | Report Abuse

Dear 3iii,
Mind to share this company XYZ with PEG of 0.73x?
Thank you

Posted by Icon8888 > 2019-10-14 10:08 | Report Abuse

40 sen

awesome company .....

Posted by stockraider > 2019-10-14 10:55 | Report Abuse

Finally TP Rm 0.40 already achieve the next tp will be Rm 0.60 loh..!!

Posted by Icon8888 > 2019-10-14 11:23 | Report Abuse

investing is about common sense

if you don't have it, no matter how many warren buffett books you read also no use

Posted by qqq3 > 2019-10-14 11:53 | Report Abuse

today is the day of OG Armada, Dayang, Uzma, carimin.


is it called common sense or just momentum?

Posted by Icon8888 > 2019-10-14 12:01 | Report Abuse

41

Posted by Icon8888 > 2019-10-14 12:34 | Report Abuse

415

And I seldom read warren buffett books

Posted by stockraider > 2019-10-14 12:53 |

Post removed.Why?

Posted by Fabien "The Efficient Capital Allocater" > 2019-10-14 14:04 | Report Abuse

In essence, investing is centred on the relationship between price and value. “Price is what you pay, value is what you get.”

When the price of a stock is so out of line in relation to the company’s intrinsic worth, value emerges. That’s where the bargain lies.

Armada at below 20sen was a bargain

Posted by 3iii > 2019-10-14 15:08 |

Post removed.Why?

Posted by 3iii > 2019-10-14 15:11 |

Post removed.Why?

Posted by 3iii > 2019-10-14 15:12 |

Post removed.Why?

Posted by Sslee > 2019-10-14 19:34 | Report Abuse

Dear 3iii,
If you have found any stock with:
Posted by 3iii > Oct 12, 2019 3:32 PM | Report Abuse X
It is not easy to find a company with good fundamentals trading at below its intrinsic value.
Company XYZ is such a company. It is tading at 2.20 and its intrinsic value is 3.44 (conservatively estimated).

Its PE Ratio is 16.1x and that of its industry is 15.6x. Its P/B is 5.1x.

Its forecasted revenue and earnings growth for the next 3 years are estimated 21% annually and 22% annually respectively.

At its present PE, its PEG ratio is 0.73x (undervalued).
>>>
Very high ROA and ROE.
Positive free cash flows.
Free cash flow yield > 5%.

Please make a write up on company XYZ in your i3Blog for peer review otherwise you are just pure bullshitting.

Thank you
P/S: Posted by 3iii > Oct 11, 2019 6:27 PM | Report Abuse
First reaction, a good budget overall.
You need to read below opinion on the 2020 budget.
https://www.freemalaysiatoday.com/category/opinion/2019/10/14/a-budget-in-search-of-a-vision/

Posted by 3iii > 2019-10-15 08:07 |

Post removed.Why?

Posted by 3iii > 2019-10-15 08:27 | Report Abuse

CompanyXYZ

Cash and eq 546 m

Short term debt 7 m

Long term debt 0

Net cash 537 m



Amazing.

Posted by Icon8888 > 2019-10-15 08:38 | Report Abuse

Wow awesome company

Posted by Icon8888 > 2019-10-15 08:39 | Report Abuse

But likely gruesome stock...,

Posted by Icon8888 > 2019-10-15 08:40 | Report Abuse

Valuation so rich until facing stagnation for twenty years

Just like Coca Cola and Nestle Malaysia

Posted by ahbah > 2019-10-15 08:42 | Report Abuse

Now mkt is at 4 yr low.

Common sand, stone, pebbles and rock can even float up when high tide comes ?