stock market is stock market, share is a ownership of the biz. Two different things. In my humble opinion, if you are in the capability of perhaps George Soros or equivalent, your view is applicable. But sometimes he lost too. How to extract the key & real information in these flood of information to arrive at your mentioned parameters? Otherwise, value investing seems plain and easier for a layman like me. Wonder if I am George Soros, I still want to ply around i3.
" 人是活的 书是死的。活人读死书 可以把书读活。死书读活人 可以把人读死。" what important is to maintain a flexibility in application of your knowledge in value investing or trading to suit the market conditions.
what is ‘value‘? your shit is a waste to you but it could be valuable to others ie plants or business in operating water treatment plant. ‘ Value‘ is impermanance and very personal. a thing may be useless now but it could be valuable when conditions has changed.
‘value‘ of a stock is very personal too. The shark valued Genetec at 30 cents when its top and bottom lines was growing. share price would certainly drop to low level when the value of "top and bottom lines growing " vanished...nobody wanted to offer higher value of the company.
There are a lot of opportunity available in the share market if we undertand ‘value‘ of a company is impermanance....looking at the both sides of a matter...good bad, high low,.... value of a share is merely determined by fear and greed of human.
This argument lagi easy loh! What drive a stock price up? Operator inside loh! :D
Raider comment, AGAIN OPERATOR IS SHORT TERM MAH...!! How many of u all know any of the operator really well leh ?
Even u know them...do u think they will favour u in stock play ?
Raider can daring say ...most of u all...do not know any ? Even if some of u know....they would not favour u loh....!! This practical life mah.....!!
If that is the case...what the heck, u are interested of the market ? IF U FOLLOW THE RUMOR, THE STOCKS RIGGED BY THE OPERATORS...MOST OF THE TIME.. LOSE MONIES loh...IT IS SOMETHING LIKE GAMBLING LOH...!! AND IT IS A LOSER GAME mah.....!!
THATS WHY RAIDER SAY U NEED TO BE AN INTELLIGENT INVESTOR MAH....!! BUY WITH MARGIN OF SAFETY....FORGET WHAT THE OPERATOR WILL DO LOH....!! GO FOR FUNDAMENTAL, PROSPECT AND UNDERVALUATION, THE LONG TERM SURVIVAL KIT MAH...!!
RAIDER HAD SAY MANY TIME MARGIN OF SAFETY....HOPE U GET THE MESSAGE THRU...!! DO NOT PLAY THE LOSER GAME....RIG BY THE OPERATOR LOH...!!
you are right, if everyone practice value investing i would be the first to declare it is dead. The fact that value investing is a minority group as you mentioned, that's how it will continue to work. And need to thank you too for creating the volume. So keep doing at what you are doing.
Some have earned a lot of money through practicing value investing whereas many were suffering losses. If you are a value investor, don't go beyond boundaries of having a thought making fast money. Value investing gives one the edge over others in longer term. If you want to make quick bucks then go for growth stocks but nothing comes with free lunch lor. You got to work hard and work smart to discover it early. If you want to make a quick profit and yet not willing to work hard and work smart, you can probably find a better chance of winning in Genting.
Go ahead to claim what you want to dumb down value investing. it doesn‘t affect me making money anyway. In fact, i am more happy to learn that.....our feeding ground is expabding the more you preach to newbies.
go all-in at the appropriate time....and pray..and do some charity to increase your luck
if you have 10 different stocks and one of them up 10%...........................you have just made a grand total of 1%.....value investing, my foot. Wasting everybody's time.
Go to open new thread to spread the pitfall of value investing. Please back with your research with more facts this and that to convince newbies ..i support you. lol
Ratios and formulas in value investing are still relevant... just that their validity period.. expiry date... shelf life... are getting shorter... that is why you seen the price coming down while the ratios formulas still ok
With the advance of the Internet.. and the easy availability of information nowadays... the validity period of value investings ratios.. formulas.. is now in quaterly... weekly.. even daily basis... as such appears not relevant..
Ratios.. formulas... still relevant.. just that nowadays people are updating them with industry data.. financial models... seats statistics.. long before the release of the actual results
You wait till the actual results.. already way too late...
This is wrong interpretation loh....!! PE 24 means about 4% pa earnings yield mah...!! The 30 years bond interest rate about 2.3% pa loh...!! Bond 1 yr interest less than 0.5% pa....mah.....!!
Therefore PE 24x for USA looks not overvalue mah....!!
Again Japan....is short term movement....the voting machine story loh....!! 3 yrs down the road...people will be sorry....by defying economics chasing yen mah....!!
Raider still remember few yrs back yen is super strong at 85 yen to US 1 mah.......!!
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....
stockmanmy
6,977 posts
Posted by stockmanmy > 2016-07-11 00:23 | Report Abuse
this is the world we live in
http://finance.yahoo.com/news/grant-williams-crazy-presentation-debt-000000190.html