Our focus for 2016 is to look for opportunities to reinvest our money. Our goal is to invest in companies that would generate long-term cash flow to our listed company so that we can pay a steady future dividend. We are not keen to invest in companies that we have to sell in the future to earn our return. We prefer to raise children that will stay in the family instead of cattle and chicken that we have to sell.
Our wish is always to acquire 100% of a good company at a low price. However, in reality, no one really wants to sell their good company to us unless we pay a very good price for it. Therefore, we are open to take a smaller stake of good businesses run by good entrepreneurs.
Since we have already sold off the JobStreet.com business that was generating good cash flow every year, the remaining cash we have in the bank we view as our "paddy seed". We like to protect that seed well and hope to use them to plant the next paddy field that would give us many times in return. When the climate is not suitable, we prefer to wait instead of planting and wasting our seeds. We prefer to plant a bit of seeds to try out before planting most of our seeds. If we are not sure, we prefer not to plant any. It could be a while before we could find the right opportunity to invest our savings and in the meantime, there will be a lot of waiting and preparation work to do.
When we do invest, we like to invest in entrepreneurs who are hard-working and honest, who are developing products and services that benefit the society greatly, who are cost conscious, willing to do what is right first before doing what is more profitable, and willing to work in the business for a long term. If you do know of such entrepreneurs and they are looking for business partners, please let us know.
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
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Posted by paperplane2016 > 2017-02-10 01:04 | Report Abuse
Our focus for 2016 is to look for opportunities to reinvest our money. Our goal is to invest in companies that would generate long-term cash flow to our listed company so that we can pay a steady future dividend. We are not keen to invest in companies that we have to sell in the future to earn our return. We prefer to raise children that will stay in the family instead of cattle and chicken that we have to sell.
Our wish is always to acquire 100% of a good company at a low price. However, in reality, no one really wants to sell their good company to us unless we pay a very good price for it. Therefore, we are open to take a smaller stake of good businesses run by good entrepreneurs.