Mahathir is not smarter than you and me but Mahathir has great sense of timing and politics in his blood.
Wrote the Malay Dilemma at the right time Left UMNO three times and each time with great timing that enhances his reputation when he returns
Keeps his ears to the ground and understands the big trends,
Loyalty to Perjuangan , not loyalty to any particular Party.
Lives long enough to come out a winner.....
Stock market the same Don't need to be the smartest kid on the block But you need to have a great sense of timing...and stockmarket in your blood
You have to have your own book that you can call your own, yet willing and able to review to improve your opinions, you have to keep your ears to the ground and understand the big trends.
Your Loyalty is to the Struggle, not to any external party or group,
and you do need a bit of luck to live long enough to see you triumph, to correct your mistakes, to reinvent yourself, to try again.....
Willing to take risks , even great risks that others will avoid...taking risks is part of your Struggle. You know that failure is not the end, failure is another step to success.
Tun M will not let usd=4, with the cheap money from Japan, Ringgit will strengthen to 3.8 or lower. HSR and MRT3 will be re-tender again for Japan like project in Indonesia.
statistically, it could be difficult to separate luck from skills......but who cares? As long as catches the mouse.
What the skills factor can do is to design the portfolio to be high beta or low beta portfolio.
Considering there are so many idiots playing the game.....surely it is believable that the game can be beat.....that a smart one can consistently come out ahead...........
Get rich investing in Bursa Malaysia? Only very few made it and even fewer kept it. You need bull market conditions to make it big taking huge bets and then have the discipline to pull up stakes when well ahead. Those I know who got real rich started a business, grew it through decades, listed it and then can play the game more on their own terms.
Good take on Malaysian market and investors/traders. Hopefully our market develops further with more participants and with greater price discovery. Bloomberg Malaysia will be positive for Bursa.
Most of the investors are making losses since 2015. They may have selected one or two counters that make a lot of money, but their portfolio as a whole are making losses.
The only PLC stills got 700m cash in B.S yet selling at extremely cheap after giving away special dividend is Dutaland . I think this ctr fit short term but long term holding. Other penny ctrs like ASb,ASIAPAC,FPGroup ,Handal ,Heava, INSAS,TA worth consider.
Thanks Icon. Good one to share. But again to all new investors, DO NOT digest blindly. Also learn more from other experts and finally form your own methodology. Only you yourself know what you need and want.
“For most of [the professional investors and speculators] are, in fact, largely concerned, not with making superior long-term forecasts of the probable yield of an investment over its whole life, but with foreseeing changes in the conventional basis of valuation a short time ahead of the general public. They are concerned, not with what an investment is really worth to a man who buys it ‘for keeps,’ but with what the market will value it at, under the influence of mass psychology, three months or a year hence.”
- John Maynard Keynes (1935)
The malaysian markets are not that different from american ones, or other mature markets.
Humans are the same everywhere, throughout history.
If most people are spending their time predicting quarters, maybe the real edge comes from doing something else other than predicting quarters.
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....
probability
14,496 posts
Posted by probability > 2018-06-13 12:41 | Report Abuse
Icon described the nature of Bursa's rough sea behaviour...its up to the readers if they can quickly learn to surf here.