First, I would like to take the opportunity here to accept the apology from Mr. Koon full heartedly as posted by him in this link below with the statement as the last sentence of his article:

http://klse.i3investor.com/blogs/koonyewyinblog/110867.jsp

“I trust KC Chong will forgive me for all the bad things I said that caused the misunderstanding.”  

Let us make this “common ground” as mentioned by you to be doing something good for the society; you continue to do your philanthropic works and writing whatever interest you, and I continue to educate the public on fundamental value investing (FVI) for a better investing environment.

You remain as one I respect of in your philanthropic and social contributions to the society.

This I hope will dispel the notion that the article, “Dear Mr. Koon” I dedicated to M. Koon below,

http://klse.i3investor.com/blogs/kcchongnz/110836.jsp

that my article is “an emotional charged” article, as claimed by another article written by a former “student” of mine. This was what he said in his post, “Dear KC Chong from Buddyinvest.

“You focus on the smallest details to attack this old man and have not tried to see bigger picture. You harped on about his Jtiasa/mudajaya/xinquan but you failed to mention that he is a fast learner.”

These statements appear in the link below,

http://klse.i3investor.com/blogs/buddy_invest/110854.jsp

Obviously, Mr. Koon, the very person mentioned in my article above, and subsequently apologized to me, did not see that I “attacked him by focusing on the smallest details” like the way a former student of mine, who “has high regard” for me, and that he is “Very grateful” for me, saw it so differently.

See how different people can and choose to interpret things differently.  Here is another comment from another student of mine on the article,

Posted by blanked > Dec 3, 2016 02:42 AM | Report Abuse
- there were no emotions in KC article...it was the coolest mail i have ever seen

Here is another one,

Posted by Bizfuneng > Dec 3, 2016 10:25 AM | Report Abuse

on later part of BI posting the finger pointing started wrt Mudajya/Jtiasa/etc shares implication KC attempting to find a smallest details possible to attack KKY. IS THIS ACTUALLY THE MESSAGE FROM KC's POSTING???? Reading KC posting again I din find as such but basically KC was attempting to clarify what was actually the TRUE situation at that period in time.
 

I guess you should be happy as the whole thing is over now, instead of ballooning into heated arguments again, and your wish that “Peace be upon both KC & Koon” has been achieved, as shown in the last sentence of your article.

Dear Buddyinvest, thanks for the article specially dedicated to your “teacher”. This is the first article a student of mine has dedicated to me. In fact, it is the first article dedicated to me published in a public forum. You were my student three years ago as stated by you. That must be one in my very first batch of students. Sorry, I may be able to guess but won’t know exactly who you are because of your nick name. Thanks for your support when I first started this online investment course then. There were definitely many shortcomings in the online course I first started three years ago, and even now. I am frank to say that you were not the only one who had dropped out from my course, and discarded value investing.

I am glad that you have now found the Holy Grail in Investing. Good on you. Yeah, everyone is different and has his way of investing, go ahead with your successful formula. But let me clarify the misconception you have expressed in your article, for the sake of my continuing educating the public about investing.

You said in your article regarding using FVI, “Three years have passed. I have lost most of my hair on head and 50% of my beard has turned to white.”

Sorry to hear that. But like other investment method, including your Holy Grail, everyone’s experience is different, for example this is the experience of another course participant of mine, whom is probably in the same batch as you.

Posted by coolio > Oct 22, 2015 11:58 AM | Report Abuse

I just want to take this opportunity to say thank you again because recently I have achieved 7 figure in my investing journey...hehehe.. Thanks for your investing methods, no 8 wonders in the world is really amazing!

Regarding your saying about the text-book based FA course, I think there is certain truth in it as it was the first course I conducted then. Thanks for the feedback, I will continue to try to improve it. But again, opinions may differ too as posted by the following.

[Posted by Ooi Teik Bee > Jan 7, 2014 09:33 PM | Report Abuse

Dear Kcchongnz,
I had learned FA from many teachers, you are the best among all. I pay money to attend many FA courses, so far I learned the most from you.
What a waste of your talent or knowledge ? You should stay in Malaysia, with your knowledge, earning money from stock market is as easy as "makan Kacang". If I had known you earlier, I should do very well in KLSE. I am a proud person, I do not praise people unless he is very good. You can set up a fund management company, I am sure many will invest with you. If you are interested, please let me know.
Thank you very much for your help.
Best regards always, Ooi ]

The above is a very successful investor in Bursa. Here are some different comments about the course content,

Hi KC,

One of my favourite quotes is Einstein’s famous line - “The more I learn, the more I realise how much I don’t know”. This is particularly true for my learning path since I have signed up the online investment course you administer. I’m one of the lucky few that discovered this opportunity. The teaching materials you prepared are not academic at all, done in the systematic way, you frequently demonstrate to us how you apply the teaching materials in your theses on stockpicks in the i3, and I must say I have benefitted a lot from you, thanks KC.

You are absolutely right there is no other place I can get this type of investment course, let alone at only small fees. Please do keep the course running, allowing participants that include me to catch up and pose questions as I read into past materials.

If you happen to come back to Malaysia, please drop me an email. I really appreciate what you have done for i3 community and I want treat you a big dinner.

Regards,

Blanked

Posted by nokenzo > Oct 18, 2014 12:24 PM | Report Abuse

I strongly recommend any one who wants to make money in stock market to learn from Mr KC Chong, my most revered guru! I knew next to nothing about finance, let alone financial analysis, and I followed his financial course, so, on last Wednesday and Thursday, when there was blood bath, I dare to nibble certain stocks with confidence, and on Friday, I was one of the happy men in KLSE small time retailer. Of course anything can happen for the next few weeks but certainly, I am not SCARED. I am looking at 3 to 5 years' price! So, do you think you want this type of investment or just to listen to rumour or the so called certain analysts' recommendation?
Join me to attend Mr KC Chong's financial course, you won't regret.
Cheers!

The above is an established medical practitioner.

Hi KC,
Warren Buffet says we need to remember 2 Rules in the Stock Market : 1)Never Lose Money 2) Never Forget Rule No. 1. I believe taking your course fulfills both Rules. Your course makes sure we follow these simple but difficult to follow Rules.
My objectives of learning from you is twofold: to learn how to understand financial statements in the company's Annual Report and how to evaluate stocks. I am happy to tell you that both objectives have been achieved much to my delight.
You encouraged me to put in some effort and I will be able to achieve my objectives. Effort I put in especially the exercises and the assignments. Reading the articles is easy but as Bruce Lee says knowing is not enough, we must APPLY; willing is not enough, we must DO.
My experience in DOING the exercises and assignments really forced me to put in effort in really understanding the concepts and calculations behind the financial figures and formulas. Then, I studied your comments and the sample answers to see where I went wrong in my answers. It is truly a Practical Learning Experience.
Your course is comprehensive whereby every topic is covered by inputs from videos, articles, references, e-books, discussions and assignments.
The topics most useful and relevant to me who like regular income through dividends are the Financial Statements, Coldeye's 5 Yardsticks and DDM. TVM on Retirement and Financial Planning is an added bonus.
KC, what you are doing now, teaching others Fundamental Value Investing is most noble. I am sure you derive much satisfaction in helping others achieve their monetary goals by giving and sharing so much through this course and writing articles in i3investor.
For all these, I thank you from the bottom of my heart, Sifu KC.

I don’t remember teaching my student to just plucking figures or statement from the sky like your statement below. I drilled to them to use facts and figures and proofs when saying or basing something on. Your following statement is however, not the way I teach my student,

“You are a pure advocate of FA. But you have forgotten that most of the companies listed in Malaysia are young and the pure FA that works in the US may not necessarily be working well in Malaysia.”

This gentleman below helped me to answer that,

Posted by stockraider > Dec 3, 2016 09:36 AM | Report Abuse

Btw...what kind of rubbish, value investment is not applicable for malaysian company ? FA is universal, it is proven mah....more than 100 yrs.....until some jokers in msia.....say not applicable ?

I have posted two portfolios in i3investor 3-4 years ago, one a year ago as below, using FVI

http://klse.i3investor.com/blogs/kcchongnz/98798.jsp

http://klse.i3investor.com/blogs/kcchongnz/103906.jsp

The first link above shows two portfolios returned more than 100% in 3-4 years while the market is flat, and the second shows return of more than 40% in a year, while the broad market has lost substantially.

I have also show that back testing of a random portfolio of ten stocks of mine returned 472% in ten years, or a CAGR of 24.4%, compared to just 80%, or 6% CAGR of the broad market during the same period.

Apa lagi lu mau?

You also said this,

“You prefer “value” over “growth”. It is no wonder so many FA fanatics gets themselves trapped for years in low-PE stocks that include Kfima, Insas & Plenitude & the-one-I-must-mention stock the “negative Enterprise Value" Kuchai.”

I thought in your first article dedicated to me, you were saying,

“You focus on the smallest details to attack this old man and have not tried to see bigger picture. You harped on about his Jtiasa/mudajaya/xinquan but you failed to mention that he is a fast learner.”

Anyway, I wish to refresh you on what I taught you about value and growth, and how they are “joined to the hip” here, please read.

http://klse.i3investor.com/blogs/kcchongnz/45456.jsp

http://klse.i3investor.com/blogs/kcchongnz/81690.jsp

It is true that when one uses FVI to select stocks, he can’t get multi-baggers for everyone he selected, the same for any other investing strategy. This comment below is also from one of your course mates,

Posted by NOBY > Dec 3, 2016 08:55 AM | Report Abuse

Again, some people are just pure unlucky. Tens of stocks selceted based on FA principles, some multi baggers as shared by KC s public portfolio but author prefers to harp on the few stocks that did not work out to make his case that FA does not work.

This guy above has been utilizing the FVI he learned from my course to carry out investing in the regional market and he is very successful in that.

Three years till now, the broad KLSE lost about 10%. For the specific value-trapped stocks you mentioned, Pintaras still outperformed the broad market by a whopping 50%, Kfima and Kuchai still outperformed the market, whereas Insas and Plenitude under-performed by relative small margin of about 10% and 20% respectively since three years ago.

That is what FVI is about; win more, lose less; win big, but lose little.

Here is another comment from someone in the industry for your information regarding investing for long-term.

Posted by Annetan > Dec 3, 2016 10:56 AM | Report Abuse

I truly believe with enough patience and time,FA method will eventually reward investors handsomely.However not everybody has that kind of patience!Not everyone has that kind of character that can get benefits of FA. I believe in the fundamentals of Thong Guan way back in 2009 when its was .80cts I practically promote this stock to my fellow remisiers.When market goes up,it hardly budge !However when market goes down,it's the first counter to go down.Buying at .80 also have to endure lots of paper losses!Hence when my fellow colleagues meet me,they always ask me why your counter is like that one?I cannot explain nor have answers for them.I didn't have that kind of patience nor conviction.One of my colleague even asked me why did I put so much money in a counter that doesn't move in so many yrs? When a counter doesn't goes up to what you think it should but instead went down,you start to doubt yourself. The question I kept asking myself was why is it not going up?Could there be fraud accounting?Hence i sold all barely make much and switch to other counters that were rewarding at that time but ultimately my performance on other stocks is so poor compare to if I had hold on to thong guan.On hindsight,if I had hold on to thong guan,I wouldn't need to stress myself out and could have made so many times more money compare to me making till early 2014 and lost so much back these 3 yrs!

By the way, the way you criticized Coldeye, a well-respected, successful and humble man in the investing circle, one I have used his 5 yardsticks in the course, that he is a “copycat” of your “golden rule”, is unbecoming. I would never teach my student, and I don’t know where you have learned it from.

I found your statement below amazing, as I always teach my students to invest safely, and grow their wealth slowly but surely,  because they are hardworking young man and women, but may not have much money.

“Indicator of success of each strategy can be measured by the amount of money you make for the same period of time.”

Your statement above implied that success can only happen to the rich and famous.

The most disappointing aspect of a teacher in investing is, I still read this kind of statement from my student, despite my repeatedly warning about margin finance, like this of yours,

“You condemn the use of margin. Clearly, you refuse to listen to this pitch just because the text books advised you not to. Risks for using the margin can actually be mitigated if margin is used with discipline and Business Sense Strategy is deployed all the times.”

No, I don’t condemn anyone using margin finance. It is his prerogative. I only detest people propagating margin finance to new and naïve investors. I will just let the following people, some of them your course mates too, to answer your accusation.

Posted by nickychang > Dec 3, 2016 11:07 AM | Report Abuse

last but not least, kcchongz don't encourage his students to use margin facility, because he believe many youngster will misuse it. it could kill us. he didn't say margin is not good, he just don't encourage newbie shouldn't use it. in fact, he give credits to those company which manage their debts well, like ROIC higher than financing rate. financing rate is lower than investment raising from debts consider good debt. its actually talking the same language with kyy, kyy said u should use margin ,because u can earn than more what u paid. kc just don't encourage newbie to use margin. because immature investor, have poor" built in software" , when market drop, it will affect your emotional hence u will dump all your stocks with huge losses.

Posted by Jay > Dec 3, 2016 03:39 PM | Report Abuse

in my opinion, kcchong's way is more focused on slow and steady profits, with all his margins of safety and taking care of downside risk. Kyy is more aggressive, going in big if he thinks the company has potential, win big lose big (actually of all his stock picks, most of the time he will still end up talking about the few furniture stocks he won big during the furniture boom)
margin is a double edged word, if used well it can amplify your profit but it could haunt you when used wrongly. the rule should be never invest with money you can't afford to lose. kyy can afford to use margins because even when he lost big in those plantation counters, xinquan etc he still has ample reserves. if you had lost 50% without margin, imagine how much you would have lost with margin? 100%? 500%? if mentality doesn't change, it doesn't matter which method you follow

Posted by malaysiaku > Dec 4, 2016 11:11 AM | Report Abuse

kaedah KC lebih sesuai untuk small investor(ikan bilis) macam kita orang.."preserve the capital and expect reasonable return"... kyy suka promosi margin faciliti untuk dapat untung lebih...tak semua orang kaya macam kyy...jadi kaedah yang lebih cermat dan berhati-hati dalam "perservation of capital" sangat penting. sebab melabur dalam pasaran saham ada risiko yang tinggi..tapi pada masa yang sama boleh mengaut keuntungan kalau kita ikut keadah "value investing"....

Posted by 3iii > Dec 4, 2016 11:54 AM | Report Abuse

If you are really very good in your investing, you will soon be rich without having to leverage (use margins). On the other hand, if you are not good in your investing, there are many reasons why you should not use leverage (margins).

Posted by yfchong > Dec 3, 2016 03:44 PM | Report Abuse

Different set of play ground....... kc mos is more on taking care the downside..... let the up side.......

Adios, my student. Best of luck to you.

KC Chong