Well said and done!! THIS SELFLESS ICON IS REALLY SELFLESS !! Much better than many so-called Saifu...out there. Salute. What about knowledge of characteristics & behaviour of the Board and Management (whether personally interested or family-owned etc...)? Equally important too..........
Great article. It is one of the best I ever read so far in i3. It combines both knowledge and experience to write such article, and it's very practical. I particularly like the valuation multiples expansion portion and the example quoted, I learn useful new things from there. I should re-read this article from time to time. To predict future earning, if we can translate the macro or catalytic factors into financial figures like Icon8888 did for AirAsia, we can even come out a predicted EPS and arrive at a targeted fair value to help our investment decision.
Personal bias is another obstacle to cause us forgoing the opportunity to make money even though the big trend popping up in our eyes. Some of us are strongly believed that some industries won't do well base on our knowledge and experience in longer term. We don't dare to grab the opportunity and refuse to believe the facts presented to us. I am one of them. That's why I don't make a single cent in AirAsia. Haha. M still learning.
Again, it is down to doing your homework, no free lunch. If you are too lazy, ignorant, don't know how or have no confident at your judgement, then better look for other options. Eg. invest in dividend yield stock or blue chips. Choose the method that best suit you. Your effort will determine how much you will gain from stock market.
Haha, tell me asap once you posses such wisdom icon!
********************************************************************************** How I hope I possess that wisdom and can share it here so that all of you can walk into your boss' office and fire him/her. Unfortunately, I don't.
I guess you need to be patient to wait for it to present itself.
Sorry, you need to go back to your desk and finish your work. Boss is watching...
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....
henry0420
35 posts
Posted by henry0420 > 2016-06-24 16:33 | Report Abuse
Nice wrote!! Thanks for sharing, Icon.