Peter Lynch said don't time the market. He can even generate positive return for his USD12b fund when US market crashed. TTB obviously is not value investing but market timing.
Waited for 3 years?ttb has been waiting for market crash since 2012, this year is his 5th anniversary....happy earning fd interest while his loyal shareholders happy eating shit
Tan bullshit. unit holder get charged for management fee and getting nothing for years. Chicken little. Market does not accommodate to your expectation, it will only humiliate you. No different for tan. Respect the market, don't charge unit holder for your guess.
Congrates to cpteh also, after getting zero response for his recent rubbish posts here finally he managed to get some by making use of ttb....he knew how popular ttb is in i3...
TTB. Worse fund manager ever. Now the fund is making a loss, need to continue paying him to do? After 7 years of shouting crashes, will he get lucky this year?
No Dv,no bonus, every year living on the $$ earned so many years ago but paying him "consultancy fee" to a few million per year! Why the management & share holders so stupid? He should get his fees only based on what he could earn for the company that year. No crying wolf, wolf company and shareholders get nothing but he still gets millions in fees! How ridiculous! If the company loses, he should not get any fee at all for the year! Why don't they change the contract so?
Aiyo... investment is about calculated risk taking, no risk no gain lor. But "when" market really crash, some1 will be laughing to the bank... how nice to find a job that only needs to work once in a decade... ha!!
High inflation in the US will prompt the Federal Reserve raise interest rates multiple times, could be more than 3 times in 2017, and result in the plunge of the stock markets? Valuation of the S&P is very rich historically. :)
Global market crash always starts from Wall Street. As Wall Street is just beginning to rise, so it is still far from danger zone. Unless DJ is approaching 26,000-27000 level..
Selt Klarman - still, calibration is important. Set the bar too high and you might remain out of the market for a very long time. Set it too low and you will be fully invested almost immediately. It will be as though you had no standards at all. Experience and versatile thinking are the keys to such calibration. In this case, Icook tan got high high standard but lacking experience and versatile thinking. It is like fantasise his sex partner will be a supermodel, yet when the time comes he is too old to to do it. Worse still unittholder paid for his bed waiting with the promise of second hand sex. That is a sin.
sometime, he need to learn about the investing, not speculating, very bad to have such a fund manager like this. If compared to kyy, kyy is better than him, trade all the time.~peace!!!
Since TTB started his call for market crash many years ago, there were many new developments in the market which created many opportunities to make few baggers return but he missed it. Rise of internet of things and smartphone, increased minimum wages which spur the retail sector and depreciation of MYR which resulted huge rally in export stocks.
Even stocks that have hit rock bottom he also missed. Like the recovery of commodities and steel sector and airline. Both Annjoo and Airasia dropped 85% and 80% respectively from its peak price and TTB missed it.
What has TTB been doing apart from telling everyone market has crashed? TTB is one very proud guy. In his 2011 interview with Thestar, the interviewer asked him if there's any investor he admire greatly and why? His reply was:
"Can I say, myself? If yes, the reason is this: Other fund managers need only focus on managing their funds. In my case, besides managing funds over RM1bil on a local and global basis, I have a number of companies and a fast growing business to manage at the same time. Yet, I have consistently beaten all the benchmark indices, whether Malaysian or globally based. Hard to find another parallel, really."
"Yes, my returns are higher than Warren Buffett's and also higher than John Paulson's flagship fund. There are great investing opportunities to be found on Bursa Malaysia, as there are some great companies listed there. However, based on sheer numbers, you cannot beat the investing opportunities available from the 40,000 plus listed companies globally."
From 2012 until 2016 (total of 5 years), ICAP is up 25%, whereas Berkshire Hathaway is up 111%.
No doubt one day.... just ONE DAY.... TTB will get it right on his market crash predictions. Investors just have to wait patiently with him, while continue paying him salaries.
Cp Teh - his 2 articles posted in I3 today contradict each other. It shows his mind in a state of confusing Article 1 mentioned Value investing. Article 2 mentioned cut loss. - for value investing, where do we need to cut loss, buy action starts with margin of safety and if the price goes lower buy even more .
-for cut loss, means trading plan with entry price, target price and cut loss.
If my memory serves me right, Cp Teh has more than 7 years experience in bursa. Instead of follow Tiam Tiam Boo, just Follow KC Chong's write up (need not to enrolled as online student) in last couple of years in I3 investors, I believe he should be able to make some money. He further claim to be a teacher teaching technical stock trading. You can see he always disclaiming himself by saying not knowing the FA of companies he is trading. It shows he focus more on movement of share prices rather than FA.
a broken clock can also be correct twice a day. keep claiming market will crash without giving much context. higher valuation doesn't always mean bubble. at the very least, he should have the dignity of receiving less compensation when his icap is not performing well for the past years
without prejudice on anybody trading ideas. if ? you forsee market coming down why in the first place ( you are still waiting- awaiting to pick up value buys. ) write the word " crash "
any government in the world would do their utmost to avoid a repeat of the US wallstreet crisis ( subprime ) where the names like Lehaman Bros, Bear Steins, Merril LYnch , Goldman Sachs, JP Morgan ( the so called big 5 " to big to fail Investment banks ) all hit by massive write down and their shares prices plummented and fell .
If these " doomsday " roubini famous words does not come true. Forecasting Dow will drop even below 5000.think of the lost opportunities where the Dow recover from 11000 to hit the 20,000. the truth , nobody can predict or time the market. Use the USD motto. "in God we trust ".have a happy profitable new year
TTB,as a value investor is not creating value for his fundholders. If you really care for your money, just have a look at his performance in the past 5 years, was it satisfactory. I think 5 years is a reasonable time to evaluate a value investor's performance, don't you think so? Most sifus here did much better and they did not even claim to be 'world class investors' Anyway its your $$ and your decision.
TTB to me is a lousy fund manager who has been holding on to cash and counters that are not performing well...he is waiting for a market crash that he was/is so dead sure that was/is going to happen very soon and so he had waited/has waited and still waiting for it to happen since 2005/6? The price performance of ICap tells all. No need to argue.
after 2015 ICAp AGM, TTB was reported in Star business paper he don't mind to be lonely bear waiting market to crash, After 2016 icap AGM, what else can he said?
Posted by CharlesT > Jan 16, 2017 04:04 PM | Report Abuse
If i can receive rm6m plus a year without fail i also dont mind to be lonely bear
yes, some more bring girlfriends oversea for holiday at the expense of shareholders. i wonder those look high upon him and defends him fiercely got to say.
Why don't shareholders/management review their contract with him? He should get his due on the year from what he could earn for the year. Not blindly rm6m/year without fail even with -ve performance.
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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....
paperplane2016
21,659 posts
Posted by paperplane2016 > 2017-01-15 00:23 | Report Abuse
He can change name.tan ku ku