IF we like the present management and the company's portfolio then we as retailers will invest. if not there is other alternative.

But beware of the High turnover of retailers, it is a driving force of share performance.

As the ultimate goal of company set up is for Public to participate in the wealth creating process and public awareness and education in investing, public opinion should be appreciated and addressed.

My Dear,

If we mistimed the market, that is Not all our fault. Don't always blame ourselves. Give a pat on yourself.

IF we buy into great company and it turns sour. That is not your fault. Give yourself some credit as well.

Sometimes, we can beat the market. Sometimes, we cant. it is alright as well.

Am i happy with myself? Am i comfortable with my portfolio? Do i keep learning? that is important.

I am amazed Warren at this age at this time still traveling around the globe learning and hunting for Great business despite occasional flop, bad judgement, he still believe there is some great Business somewhere.

We can Disagree on Valuation Method, Time Horizon, cash optimum level and host of other issues.

BUT We can agree on Buying into Great Business at good pricing without increase the risk level.

i think it is fair to say that funds need to be appropriately managed to generate better results.

One way to do it is Surely continuously look out for great company at bargain Buy in good or bad times. So there is No excuse of market timing.

Once the Candidate is identified, Fund manager can either use the cash on hand, Or Rebalancing the portfolio. The Best would still be Add in the Winner and Take out the Losers while maintaining the optimum cash level of 10%-20%.

You cant excuse yourself to say there is no Value Buy in the past 5 years.

Valid points.

From investing perspective i think it is unfair to say that there is Nothing to Buy 5 years ago until Now at the same time charging investing public with such a fees for straight 5 years.

Well, if MR TTB thinks the statement is unfair, then lets hear him out.

the risk is Market does not care who we are and there is Sub par return Over a period of time and market has lost its money making machine which is unlikely to happen.

i remember during the childhood time we used to build a very tall pyramid tower from a small block of cubicle. It takes considerable amount of time as most often than Not the tower was crumbled down before half way mark. But our childlike attitude does not stop us there. We happily regain our composure for another rebuild attempt and before long another tower was in sight again.

Same as investment, we are building long term wealth. And same as building a pyramid tower, before long our investment was crumbled down. But as adult, we lose our childlike innocence, we start to blame others and all circumstances instead of inspecting the failure. And most often than not, we lose our courage for another attempts.

Before long, we lose faith and courage. What do we do next? WE resort to trading and speculation. We resort to all kinds of vice to harm our bodies and families. Drinking, smoking, gambling, drugs, bodily abuse and broken marriage and so on. WE are totally crumbled under the rumbles. And before long, we resort to all other kinds of Money game and pyramid schemes.

Be very conscious.There is a Light within. It is there very deep down where no human eyes can see and Nothing can destroy. The eternity can defeat the time factor.

Wish you all the peace and joy in life.

Anyway we always need KC and his forum to stay up for Public education and i wish him success on his online course as well.

good la this is called friend. Let me drag somebody else going down with me. Ha, Uncle, you don't come too close ya.

We dont have to agree on what foreign paper is saying about our economy:

1.if oil above 80 is Buy call and oil below 80 is a sell call on our economy then how many in a year that we have to Buy and Sell.

It is Not a good reason to be Panic.

2.While oil and gas sector are hurting, lots of local industry and consumers are also benefiting from lower oil price as well. Overall net effect might not be so Bad.

Who is Happy with high oil price anyway?

3.anyway the price drops is Due to perceived Big supply coming on stream which might not be the case.

As long as the Demand is not declining, the price drops might be temporary. At current price, supply has to be slow.

Overall oil price is hardly an Economy Indicator.

4. look at ten years chart of Oil price, it has been below 100 below 80 most of the time for past ten years.

Business just needs to have its own adjustments. It is Not like we cannot be flexible, right?

5. The result is Slow Growth which is Not the End of the World and Disaster.

Well the fact now is a margin squeezed at the moments. No more No less. Dont blow the situation Out of Proportion.

Dear All, We are given the same investment environment. We are given the same company to invest. We are given the same chance to acquire investment knowledge.

But investment results are different. Somebody can be the Richest man because of Investment. Somebody can be Bankrupt because of investment.

it is because Investment is Mentality.

Ha, looks like KC is prepared to go down with me as well, ya? just testing.

if it comes it is a fact and i cant argue with the facts.

When the facts come in, i believe market will ask me to decide.

anyway crisis seldom strikes twice at the same spot. It got to be better than last times. That is why it comes as a Shock and Black Swan as we are unprepared.

anyway, uncle, we would never investing in our national economy. We are Only investing in a few selected company at fair price if not discounted price.

Uncle ks55, i know it is tough.

If our economy is big enough, we can absorb all the shocks.

i would also like to add: Crisis will Only be allowed to develop if it is a Shock to the economy as we are unprepared for Sudden shock. At this juncture, i perceive market is preparing for some eventuality of slow down and if there is Only a slow down and there is No default and Credit downgrade or Currency Devaluation or other black swan, we are safe for slow down.

lets say all stocks in Bursa are mispriced to certain extents for good or bad reasons. That is why there is price adjustment everyday as every valuation Model tried their Best to get it right. We respect the way it is.

They can be either mispriced at the top or mispriced at the Bottom. Sometimes it is Buying Opportunity. Sometimes you may want to do rebalancing in your portfolio.

Once you are in the market, just be Ready for 20-30% correction at any point of time. If you have already 50% upside, it is Rightful to give back 20-30% gain. We will only be anxious and worried if we dont want to give it back.

It is like doing Business. Gain from Society. Donate some as charity.

I know we all hate challenges and difficult times and we love good and strong market.

But market can only be Higher and Stronger after going through difficult and challenging time. The Tough keeps going.

So which one is which?

Luckily Businessman Never runs away and Always prepared to strive in Good and Bad times.

And Market is always well positioned to take it Head On. Unless something unexpected happens.

Very Conservative and Well managed. Good for Long term.

Market might not like too conservative company. But i like to sleep well.

Justin, technically Price level is very important. Anyway there is Invisible Hand on the Top and Invisible Hand at the Bottom.

My Dear Friends, Buy the Company knowing that even the country goes Bankrupt your company will be doing just fine.

Nothing has proven to destroy the Business Value so far. We have gone through World War, we have gone through Inflation, We experienced Oil at USD30 before and many many recession before and Bank bankruptcy before. This is Not what i say But the market has said so since its existence.

We need a Bear Market anyway to build Wealth.

Having said that Spend lots of time in Learning the Business Not the Economics.

TQ.

I always remember Warren first closed down the funds in early 1970s and reinvested a few years back.

Thereafter, he never did that again. And he is always at the Buy side at each downturn. WHY?

We are all so amazed how fast the Business with Good value bounced back each time even stronger than before.

We are Not going to live in Fear anymore. Just let Bear market comes. It will go away as before.

Dear friends, there is no where to Hide and Run. Where do we want to Hide?

As a buying professional, our job is clear which is Actively Invest, Actively Managing our portfolio, Risk Management, Cash Management and Always hunt for Good Business with Fair price.

Once process is simplified we will enjoy the journey. Surely along the ways, there are Winners and there are Losers.

Ha, market is always there for you to throw. I really wonder if everybody thinks about the same thing at the same time, the market will go Bust.

Throw whatever you don't want and market will take everything that you throw and keep quiet.

But remember One day you might want to ask it Back. Well, market is still there to Supply everything you want.

Lets be happy when market down. Lets be Happy when market up.

One of the Best. Timely reminder in time of slow growth. Beware of High Valuation.

I would expect a decent return in equity over a period of time.

Stable Business. Let me collect few more years dividend.

Usually business will strive and struggle in their early stage and most of them cant make the cut. The cut to me is the Market cap of RM1 Billion and net profit of RM100 million. Surely it takes lots of years of hard work to achieve that.

If they can make the cut, that means they already possess the know how mentality and they know how to maintain the market share and protect their margin. Size is the economic of scale and free lunch and market share is the economy moats itself.

With that achievement, it will take half the time to achieve another Rm1 Billion market cap and double up their profits in half the time than the early stage.

TQ

thanks KC. Good work by Noby as well.

Friends, To win in the stock market must come with good feeling with yourself and with others.

Business in itself is our stronghold of Our Belief system. And investment is Acting on our Belief system. And we need to live out our Belief system. And most of the time it is Business as usual. Everything takes time and Time is on Our side.

You hear, Alpha?

Advice from our Gold plated life member: Take down all our analytic sunglasses and you will be able to see the Gold.

Wah, see that it is Gold plated life member. Very shining.

Ops, forget one thing. Correct or Not, KC?

Dear Alpha,

In my opinion, knowing that it is a good business at fair price and Continue holding on to that Great Business knowing that it will be doing reasonably well in good times and bad times is good enough.

KC is the Gangster head. And we are having Sunday morning recruitment drive.

Like it Or not, i perceive lots of small cap might fail in their Growth stage and Down Business cycle.

So sometimes it will be frustrating to analyze them too much as their operations has yet to gain footings.

And certain Business is Not easy to understand at all.

So I think we can Only analyze the Business that we can understand and which are more sizable and stable.

Having said that we are shunning ourselves from the more upside from small cap. To strike a good balance, it is worth to look at mid cap which has good chance to become Blue Chip.

i would fully agree that Management needs to strike a good balance of Dividend payout, retained earning and capital reinvestment.

Again it depends on the Growth strategy and Business cycle.

good then we would surely try to examine the Business and valuation from different angles and perspectives. Knowing that no business is the same and evolving, method could be slightly different.

End of Day, what is your confidence level and your competency and how well you know the Business is very important.

This is consistent with the manner price is traded most of the time which is a fair Range.

And with certain catalyst which will impact the business operation, so the price will either break up or break down.

I would prefer a liberal approach on valuation whereby Different methods of Valuation is applied so much so that different aspects of business operation is examined and inspected to generate a Fair range of Pricing in different circumstances.

The important Issue is Not the lowest price you pay Or the Highest price you pay.

But what is the Price after ten years. More importantly is How much share you have after ten years.

I think Study on Business and knowing what to Invest and Have confidence on the Company is the most important.

It depends on my comfort of the Business. Certain Business we might require more comfort than the rest.

I think Fair price is Fair to everybody.

Generally investing is most business like. What does it mean?

It is important to get to know the Business that you are Buying into and equivalently important to know the value of the company that you should pay.

I think all stakeholders who are negotiating a business deal, propose a take over, considering a private placement, mulling a management buy out, privatization will share my above thoughts.

If the prevailing market condition is favorable, we also try Not to take advantage of the Buyer so as not to distort the true value of a business.

if the prevailing market condition is Not so favorable, we also try not to take advantage of the Seller for the same reasons.

TQ

Greedy person cant take advantage of panic selling. A Panic person can't take advantage of break out price.

Well an acute businessman can understand price action much better.

if we get to know our company a little bit better and understand its business a little bit better, probably we can plan certain trade.

Probably we can take advantage of certain price action as we understand it. Making decision won't be so ambiguous.

friends, if we understand that the most a good business will do is about 10-15% growth rate and improving its margin by a few points, we can't expect a lot of action unless there is change of Business direction.

Also don't get panic easily as Most of time it is Business as usual.