Posted by 3iii > 2019-01-26 16:18 |

Post removed.Why?

Posted by 3iii > 2019-01-26 16:27 | Report Abuse

Buying good companies when the headline news is bad is the hardest thing to do (psychologically), but it's the simplest way to buy low. And buying low makes it a lot easier to sell high.

If you are investing in strong names for the long term -- and that's how you should be investing -- these are the times when you should be more interested in buying stocks, not less - market corrections and the occasional panics

Posted by qqq3 > 2019-01-26 16:34 | Report Abuse

Q or how to avoid the Mourinho problem...good for 1 or 2 years and third year, every thing collapse because ...
1 you lost it
2 u offended the players
3 the players no longer trust you
4 u become over confident.
5......third year, u got more money and your $ lost is even faster...

Posted by qqq3 > 2019-01-26 16:35 | Report Abuse

change manager win 8 out of 8 with same set of players.....

Posted by qqq3 > 2019-01-26 22:29 | Report Abuse

I propose that companies can also be valued based on Qr instead of PE.

It works...it is not popular because it calls for a lot of judgments...but it works.

what is popular with teachers is the easier PE ...what the professionals use is Qr.

Posted by 3iii > 2019-01-28 09:18 | Report Abuse

Advantages of Long Term Investing

80% Success with Stock Selection
15% Annual Portfolio Return
Simple Procedures
Carefree Portfolio Maintenance

Posted by 3iii > 2019-01-28 09:33 | Report Abuse

KISS Investing

1. You buy a company earning $1 per share ($1 EPS)

2. You buy that share for 20 X EPS ($1.00) = $20.00

3. The company grows earnings to $2 per share (EPS = $2)

4. You still sell it for 20 X EPS (20 X $2 =$40)

5. It's worth $40 and your money has doubled!

That's the secret.

Posted by 3iii > 2019-01-28 09:36 | Report Abuse

The Two Most Important Tests of a Company's Value

1. What is the potential reward?

2. How much risk must I take to obtain it?

Posted by qqq3 > 2019-01-28 09:37 | Report Abuse

by 3iii > Jan 28, 2019 09:18 AM | Report Abuse

Advantages of Long Term Investing
=========

I agree with you......it is the easiest and most assured. As long as people follow 3iii and Philip method and only be satisfied with the best of the best.....Learn to say NO to the average.

Posted by 3iii > 2019-01-28 09:40 | Report Abuse

The Only Two Times You Should Sell a Stock

1. You want or need the money.

2. The company fails to perform as you predicted.

"Fails to perform as you predicted" means the quality deteriorates or the return potential deteriorates.

You hold a quality stock until you want or need the money unless the quality or potential return deteriorates.

Approximately one in five of the stocks you pick will develop unforeseen problems and need to be sold.

Posted by 3iii > 2019-01-28 09:41 | Report Abuse

The Two Strategies of Portfolio Management

1. Defense - Has the quality deteriorated?

2. Offense - Has the return potential deteriorated?

Defensive portfolio management deals with making sure the growth you found and forecast is actually occuring. There will always be short term interuptions in growth which result in buying opportunities, but stocks with long term, serious problems must be caught early and delt with decisively by selling them.

Offensive portfolio management deals with grossly overvalued situations and is less urgent to pursue. Here your focus is to capture excess profit when a stock temporarily becomes overvalued by REPLACING it with another stock of equal or grater quality and greater return potential.

Missing a defensive portfolio management problem can result in serious harm to the return of your portfolio, whereas misssing an offensive portfolio management problem only results in a little lost extra profit. You'll still own a quality stock.

Posted by 3iii > 2019-01-28 09:59 | Report Abuse

Speculation vs. Investing

The difference between a speculator or day-trader and an investor.

A graph shows several years of weekly high - low price changes for a company that has been steadily growing its sales and earnings.

There was a lot of price fluctuations on a week to week basis, but the trend was clear. The price went up over the long term. Price follows earnings.

Speculators or day-traders try to predict the short term price directions and prosper by buying low and selling high. They don't need growth stocks. Long term investors do.

Long term investors use strategies to find these growth stocks and then pick purchase entry points and ride the long term upward trend in price.

Posted by stockraider > 2019-01-28 17:54 | Report Abuse

U ask yourself, if buy insas at Rm 0.725 v Buy Nestle Rm 150.00...who is investment & who speculation leh ??

Yes u buy insas is investment at Rm 0.725 bcos got very big margin of safety as the valuation is Rm 2.50, Nett cash rich Rm 300m and Pe 6x loh..!!

Yes buy Nestle is speculation at Rm 150.00, no margin of safety & overvalue with Pe 50x....unable to justify very demanding value loh...!!

Thus it is not what share u buy is investment, it is whether got acceptable margin of safety, then it is investment like insas loh...!!

Posted by 3iii > 2019-01-29 07:02 | Report Abuse

>>>>

Posted by paperplane > Jan 9, 2017 05:53 PM | Report Abuse

Here are some selected companies with high ROE > 15% and profitable over the last 10 years. (The actual list has 52 stocks)

HEIM
Nestle
DLady
AeonCr
Padini
LPI
MYEG
F&N
Scientex
Harta
TopGlove
PBB
PetDag

This list not bad...


>>>>>


Very curious to know all the 52 stocks in this list of yours.

Posted by 3iii > 2019-01-29 13:28 |

Post removed.Why?

Posted by 3iii > 2019-01-29 13:29 | Report Abuse

It’s odd to say this, but one of the world’s richest people may also be one of its biggest minimalists when you compare the lifestyle he could live to the one he chooses to live.

Posted by 3iii > 2019-01-29 13:33 | Report Abuse

We get insight into how Buffett deals with distractions and obligations via his personal pilot, Michael Flint. Buffett once walked Flint through his three-step strategy for prioritization, and I invite you to try it right now in order to truly get the message:

First, Buffett had Flint write down his top 25 goals on a piece of paper. Go ahead and write your goals down now.

Next, he had him circle the top 5. So far, nothing special.

Finally, he had Flint take the 20 goals he did NOT circle and put them on an “avoid-at-all-cost” list.

This is the step where you see Buffett’s true prioritization genius.

At this point, most people would simply just focus on the top 5 goals and intermittently work on the rest of the goals. Not Buffett though. He advised Flint: “No matter what, these things get no attention from you until you’ve succeeded with your top 5.”

Posted by 3iii > 2019-01-29 13:35 | Report Abuse

The real challenge to prioritization is saying, “No!”

It’s easy to say yes.

What’s hard is saying no to busy work that gives you the satisfaction of checking an item off your to do list — meeting an obligation to someone else, doing an easy task, writing an email.

Posted by 3iii > 2019-01-29 13:37 | Report Abuse

https://medium.com/accelerated-intelligence/warren-buffett-really-successful-people-say-no-to-almost-everything-ab78832ffebc

Warren Buffett: “Really Successful People Say No To Almost Everything”

Posted by 3iii > 2019-01-29 21:24 |

Post removed.Why?

Posted by 3iii > 2019-01-30 17:29 | Report Abuse

https://klse.i3investor.com/blogs/guru/191993.jsp

Ben Graham's investment into Geico.

Posted by stockraider > 2019-01-30 17:45 | Report Abuse

Ben Graham: Just Plain Lucky? - safalniveshak
Author: Tan KW | Publish date: Wed, 30 Jan 2019, 02:23 PM

Remember Ben Graham, the guy who wrote The Intelligent Investor? And who taught Warren Buffett to become Warren Buffett?

Well, if you really know who Graham was, you also know that he is associated with buying something cheap (one dollar worth at fifty cents) and then selling it when it reaches a value that reflects what it’s worth.

A very copybook, calculated approach, right? Like what a Rahul Dravid would do in cricket.

But, for once, go back and read the postscript of The Intelligent Investor (Pg. 532), where Graham shares a story of some other kind. He starts by describing two partners of an investment firm who –

…combined good profit possibilities with sound values. They avoided anything that appeared overpriced and were rather too quick to dispose of issues that had advanced to levels they deemed no longer attractive. Their portfolio was always well diversified, with more than a hundred different issues represented. In this way they did quite well through many years of ups and downs in the general market; they averaged about 20% per annum on the several millions of capital they had accepted for management, and their clients were well pleased with the results.

In short, these were conservative, well-diversified investors who played it very safe with their and other people’s money. Like Graham is known to have always advocated.

Anyhow, somewhere in 1948, these partners found an opportunity to purchase around 50% of a growing business. They were so impressed by this opportunity that they broke their rule and invested around 25% of the assets they managed into this single stock.

This was, Graham wrote, “…a highly unusual departure for the conservative managers, who normally diversified widely and seldom invested more than 5% or so in any one holding.”

Anyways, over years, this stock went up more than 200-times, and the partners didn’t sell it, again breaking their rule of selling stocks when they reached fair values. This was even though they couldn’t justify keeping it based on their strict standards of valuation and margin of safety they otherwise practiced.

Posted by stockraider > 2019-01-30 17:45 | Report Abuse

Graham added in the Postscript –
Ironically enough, the aggregate of profits accruing from this single investment decision far exceeded the sum of all the others realized through 20 years of wide-ranging operations in the partners’ specialized fields, involving much investigation, endless pondering, and countless individual decisions.

In cricketing parlance, these partners who had always played their game like Rahul Dravid, pinch-hit a big one like Virendra Sehwag, and succeeded massively at that.

“Are there morals to this story of value to the intelligent investor?” asks Graham, and then provides an answer –
…one lucky break, or one supremely shrewd decision – can we tell them apart? – may count for more than a lifetime of journeyman efforts.

Remember these words of the father of value investing when you find a fund manager boasting about how skillful he is at picking stocks.

Well, to spill the beans, one of the abovementioned partners was Graham himself (yes, Graham himself!). The stock was the insurance company GEICO, and Graham credited much of this phenomenal success to luck alone.

How big the success it really was? Graham’s fund’s $712,500 investment in GEICO turned to more than $400 million in 25 years. In Peter Lynch parlance, Graham had hit upon a 500 bagger!

Graham suggested that he got tremendously lucky with GEICO. But was that just luck? No!

As he added to the Postscript –
…behind the luck, or the crucial decision, there must usually exist a background of preparation and disciplines capacity. One needs to be sufficiently established and recognized so that these opportunities will knock at his particular door. One must have the means, the judgment, and the courage to take advantage of them.

Ultimately, what’s the moral of the story of Graham’s tryst with GEICO?
We investors tend to think it’s easy to be a successful investor. The ultra-successful, even though they are few, have an outsized effect on us. We believe we can succeed because they did, and ignore the role of luck in their success.

Investing in a game of probabilities. Uncertainty rules the roost here. And thus, luck plays an important part in separating winners from losers.
Unfortunately, even if the achievement is purely random, as in coin flipping or in stock investing, we usually look back and credit the successful individual with great skill for having accomplished it. We make many mistakes of this type, attributing skill to a person who had only luck.

Our tendency to base decisions on observed success, while ignoring unobserved failure, is called the survivorship bias. Graham wouldn’t have been known to us if he had failed in his big bet on GEICO. Or he may have been known as just another “successful” fund manager who attributed his success entirely to his skill in identifying the stock early. Like he is quoted as saying this in 1976 –

In 1948, we made our GEICO investment and from then on, we seemed to be very brilliant people.
The world of investing, like most things in life, produces success stories and failures. It’s human nature to wish to copy success. However, the ironic truth is this: To accept success at face value without acknowledging the role of luck is a strategy for failure. Graham, in being lucky with GEICO, knew this well.

But it’s also important to note that luck, like love, is a verb. It requires dedication and effort and the conviction and courage to act. Like Graham wrote –

…behind the luck, or the crucial decision, there must usually exist a background of preparation and disciplines capacity.

Another key lesson here is that of not selling your winning stock just because you think it has reached fair value or has gotten overpriced. Thank Graham for breaking this rule that he had himself practiced so strictly. GEICO started off as a value investment, but as the business grew, Graham held on and reaped the benefits over a 25-year period.

In fact, the reason Graham deliberately concentrated in GEICO was that his analysis showed it was undervalued and provided an asymmetric outcome. He played down this very important ‘skill’ part in the entire process of making money on GEICO.

The way to win in the stock market, according to Charlie Munger, is to work, work, work, work and hope to have a few insights. The question is – how many insights do you need in your investing lifetime?

Not many, as Munger says (and Graham proved with GEICO) –

…you don’t need many in a lifetime. If you look at Berkshire Hathaway and all of its accumulated billions, the top ten insights account for most of it. And that’s with a very brilliant man — Warren’s a lot more able than I am and very disciplined—devoting his lifetime to it. I don’t mean to say that he’s only had ten insights. I’m just saying, that most of the money came from ten insights.
…you’re probably not going to be smart enough to find thousands in a lifetime. And when you get a few, you really load up. It’s just that simple.

Posted by stockraider > 2019-01-30 17:46 |

Post removed.Why?

Posted by 3iii > 2019-01-30 20:15 |

Post removed.Why?

Posted by stockraider > 2019-01-30 20:54 | Report Abuse

As usually no balls 3iii, will give various excuse after losing his arguement with raider to divert attention from his wrong loh...!!

Why leh ??
Bcos he has mislead readers mah, by encouraging them to buy overvalue stock like nestle & QL at Pe above 50x & hold for long term loh..!!

He cited Ben Graham way of investment loh, but sifu Ben Graham despise buying overvalue stock loh...!!

So don get mislead by 3iii loh...he has a bad character loh...!!

Raider says if u want to invest long term quality growth stock, do not overpay loh....buy it at reasonable undervalue price and at the best fair price loh..!! Not absurb PE 50x loh...!!

Posted by stockraider > 2019-01-30 20:55 | Report Abuse

A few quotes from Seth Klarmen on MOS in his book.

“A margin of safety is achieved when securities are purchased at prices sufficiently below underlying value to allow for human error, bad luck, or extreme volatility in a complex, unpredictable and rapidly changing world.”

“By always buying at a significant discount to underlying business value, and giving preference to tangible assets over intangibles. (This does not mean that there are not excellent investment opportunities in businesses with valuable intangible assets.)… Since investors cannot predict when values will rise or fall, valuation should always be performed conservatively, giving considerable weight to worst-case liquidation value as well as to other methods.”

“A margin of safety is [is intended to] allow for human error, bad luck, or extreme volatility in a complex, unpredictable and rapidly changing world.”

Mohnish Pabrai founded Pabrai Investment Funds in 1999. His long-only equity fund has returned a cumulative 517% net for investors versus 43% for the S&P 500 Index since the fund's inception in 2000. Outperforming the S&P 500 by 1103% from its inception through 2013, Pabrai quickly became one of the most recognized value investors in the world. This is what he has said about MOS,

“The idea is that you buy things at a significant discount to what their underlying value is, so that in the event that either bad things happen or you made some mistake in your calculations, you have some fallback so you do not lose money. There is also another aspect to margin of safety, that is that the greater the discount to intrinsic value that you are paying you get two things ­ downside protection and upside.”

Conclusion

The concept of MOS is used by almost all the successful super investors in the world. Some may not use it, but yet they just keep quiet as they know it is a plausible, logical and proven successful concept in investing.

Yes, estimation of the value of a stock is an art as well as a science. There is no guarantee that your estimation is correct. But then without an estimation of the value, how much are you willing to pay for it?

Buying something at a price way below its estimated value. Do I need to elaborate more about that?

RAIDER COMMENT;

SO WHAT ARE THE STOCK IS IN THIS INVESTABLE CATEGORY LEH ??

RAIDER SEE INSAS AND MNRB BASED ON THE CURRENT MKT CONDITIONS AND PRICING HAS SHOWN GREAT DEEP VALUE DISCOUNT OPPORTUNITY LOH...!!

Posted by 3iii > 2019-01-30 22:17 | Report Abuse

Posted by kcchongnz > Jan 30, 2019 09:57 PM | Report Abuse

Posted by Holycow > Jan 30, 2019 05:57 PM | Report Abuse
hi kc,i agree to your blog. But question, may i know how to calculate whether the company stock is undervalue ? or correspond to your margin of safety ?

First look at whether it is a good company,

https://klse.i3investor.com/blogs/kcchongnz/161473.jsp

Here you can see the difference of a good company and a bad one.

Next, do some simple valuations. Without a valuation, it is hard to decide if a price offer is worth taking,

https://klse.i3investor.com/blogs/kcchongnz/162226.jsp

There are various valuation technique to be used as shown in the above link.

The above two is generally good enough to decide whether to invest in a stock or not.

Then if you want to dig deeper into margin of safety, try reading and learn up the stuff as shown in the stuff below.

https://klse.i3investor.com/blogs/kcchongnz/166106.jsp

This last one is harder but not insurmountable if you certain level of skill. But it is not utmost essential to be successful in investing. It is like another wedge in your golf bag.

Posted by stockraider > 2019-01-30 23:28 | Report Abuse

Raider can only say this loh....this 3iii a fucking fellow...asking unreasonable and annoying question loh...!!

Raider ask back 3iii, how much share u hold on the share below and what price u hold & when u bought loh ??;

1.Nestle
2. Dutch Lady
3. Petdag
4. Pbank
5. LPI
6. HEIN
7. F&N
8. Padini

As usual raider ask simple question loh...!! But likely scenario conman 3iii will try to avoid raider simple question mah...!!

Why did raider ask 3iii? Simple. When 3iii says said he made a lot of money investing above, I am pleased for him.

But then 3iii said he made more money than some others buying quality stocks & holding long term, surely needs a bit of clarification mah ??.

For his style of investing, I wonder how much he put into each stock investment? I am curious.


Posted by 3iii > Jan 29, 2019 01:02 PM | Report Abuse

>>>
Posted by stockraider > Jan 29, 2019 09:46 AM | Report Abuse

Raider got annoyed when people ask stupid question especially from 3iii loh....!!

Why leh ??
If raider says make alot, bcos buy alot and make millions 3iii will be very jealous of raider mah....!!
If raider says make not much, bcos did not buy very much, bcos no monies and no confidence, 3iii will laugh at raider loh...!!

So how to answer leh ??

The truth is, raider make alot loh...!! Why leh ?? Bcos it is core margin of safety stock pick of raider during that time mah...!!

Margin of safety buys are investment & not speculation mah...!!

Bcos if u buy the stock with huge undervaluation and big margin of safety so it is investment and u buy alot, bcos u know u can sleep soundly bcos of big margin of safety mah loh....!! >>>>


I asked a simple question. How much do you put into each stock?

I get a complex answer.

Why did I ask? Simple. When raider said he made a lot of money, I am pleased for him. But then he said he made more money than some others, surely needs a bit of clarification.

For his style of investing, I wonder how much he put into each trade? I am curious.

Posted by probability > 2019-01-30 23:30 | Report Abuse

raider...seriously everyone should fxxk this 3ii.

Posted by qqq3 > 2019-01-31 00:48 | Report Abuse

it is raider that is taking all the bandwith....trolling

Posted by (S = Qr) Philip > 2019-01-31 06:23 | Report Abuse

I think I know who general raider is...

https://youtu.be/zALDcSxmMqM

Mediocrity at its best. Buying everything on margin of safety only is the same as buying everything based on pe only. Using one size fits all investing is so basic it's irritating.

Posted by (S = Qr) Philip > 2019-01-31 06:31 | Report Abuse

He has been holding cash since 2015 and taking big chunk of professional fees doing it, all because of past successes.

https://www.thestar.com.my/business/business-news/2009/05/09/up-close-and-personal-with-tan-teng-boo/

Stockraider, your margin of value here and value there, when you going to sailang icap.biz into INSAS!

Put your money where your mouth is la and go big or go home!

Posted by 3iii > 2019-01-31 08:16 | Report Abuse

Posted by probability > Jan 30, 2019 11:30 PM | Report Abuse

raider...seriously everyone should fxxk this 3ii.
>>>


What can I add but to thank and decline Mrs. Probability's husband for the kind offer.

Posted by 3iii > 2019-01-31 08:24 |

Post removed.Why?

Posted by 3iii > 2019-01-31 09:20 | Report Abuse

The very process of value investing itself makes it a very risk averse# strategy.

You have to be very disciplined to stay within your strategy.

Being a value investor means it will be lonely at times.

If you run a focused portfolio, performance may be bumpy from time to time.

You should be able to remain calm and see your strategies through because stock prices tell very little about the performance of the business or its intrinsic value.

But everyone has their own threshold for volatility and you know volatility is the friend of the value investor.




What is Risk Averse# (The definition I like)

Risk averse is the description of an investor who, when faced with two investments with a similar expected return, prefers the one with the lower risk.




























BREAKING DOWN Risk Averse
A risk-averse investor dislikes risk and, therefore, stays away from high-risk stocks or investments and is prepared to forego higher rates of return. Investors who are looking for "safer" investments typically invest in savings accounts, bonds, dividend growth stocks and certificates of deposit (CDs).

Posted by 3iii > 2019-01-31 09:28 |

Post removed.Why?

Posted by 3iii > 2019-01-31 09:37 | Report Abuse

This is opportunity cost at its finest action.
PROBABILITY OF VALUE REALIZATION



What do you do if there are multiple bargains at the same time?

How do you distinguish which ones offer better value than the other ones?

One stock is trading at 40% below its intrinsic value and another at 70% below its intrinsic value.

WHICH ONE DO YOU INVEST INTO?

WHAT IF ONE OF THE INVESTMENTS HAS A GREATER PROBABILITY OF VALUE REALIZATION THAN THE OTHER?


Note: The best absolute value may not always be your best investment choice.

As a focused value investors, we want no more than a few investments in the portfolio at any one time.

As the number of investments in the portfolio build up, every decision make will be based on whether it is a better investment in comparison to any of the current holdings.

This is opportunity cost at its finest action.

Posted by 3iii > 2019-01-31 09:38 | Report Abuse

With every investment decision you make you must have an understanding of the opportunity cost.

Great investors only think in opportunity costs.

Posted by stockraider > 2019-01-31 09:42 | Report Abuse

Usually your opportunity cost is holding cash mah...!!

Thats why ur hurdle rate is usually not more than 5% to 6% pa loh..!!

U need to be practical bcos risk free interest is low loh...!!

Posted by 3iii > Jan 31, 2019 09:38 AM | Report Abuse

With every investment decision you make you must have an understanding of the opportunity cost.

Great investors only think in opportunity costs.

Posted by 3iii > 2019-01-31 09:47 | Report Abuse

Every action we make has an opportunity cost.

Posted by 3iii > 2019-01-31 09:57 |

Post removed.Why?

Posted by 3iii > 2019-01-31 09:58 | Report Abuse

Once you find an undervalued security trading at a substantial discount to your estimate of intrinsic value, your job is not over.

"Why is the stock (eg.Insas) trading at this level and what catalysts will lead to its eventual reversal?"

If you cannot answer this question, you should not be investing in the stock.

Posted by stockraider > 2019-01-31 10:01 | Report Abuse

Do not worry about price fluctuation, in fact the more they wrongly price the stock, the better & safer u buyloh loh...!!

Insas is a good example how value investment can easily beat overvalue stock like Nestle and QL when the valuation is unable to justify mah...!!
Posted by 3iii > Jan 31, 2019 09:57 AM | Report Abuse

Once you find an undervalued security trading at a substantial discount to your estimate of intrinsic value, your job is not over.

"Why is the stock (eg.Insas) trading at this level and what catalysts will lead to its eventual reversal?"

If you cannot answer this question, you should not be investing in the stock.

This is second level thinking (Howard Marks) and it will keep you from falling into a value trap.

An investor must always keep asking, "why"?

Why is this occurring?

What is the overarching reasoning or justification behind this particular scenario or occurrence?

When you have those answers, you have to ascertain why the other side may (or may not) be wrong.

Is there are mispricing here?

There was a major disconnect between perception and reality - between the stock price and the intrinsic value of the business. Why?


There can be from any number of reasons. Usually one or the other side is wrong from psychological or analytical misjudgements (sometimes both).

Posted by stockraider > 2019-01-31 10:15 | Report Abuse

Good question loh !!

But this all boil down to actually inherent good fundamental, that mkt wrongly perceive mah...!!

Like;

1 Strong nett cash holding
2. Inari they hold exceed the whole insas mkt capitalization
3. Paying reasonable div yield of 3% pa even exceed Nestle div yield of 2.5% pa.
4. Existing broking, advisory, money lending and investment business doing good profit.
5. High Nta of Rm 2.54 per share

Any of the internal positive fundamental will rerate the stock loh..!!

In fact insas is going up everyday at 0.5 to 1.0 sen almost everyday, bcos recognise the potential and has started accumulation loh...!!

Posted by 3iii > Jan 31, 2019 09:58 AM | Report Abuse

Once you find an undervalued security trading at a substantial discount to your estimate of intrinsic value, your job is not over.

"Why is the stock (eg.Insas) trading at this level and what catalysts will lead to its eventual reversal?"

If you cannot answer this question, you should not be investing in the stock.

Posted by stockraider > 2019-01-31 10:25 | Report Abuse

Usually u say yes bcos ur opportunity cost is generally cash with yield of about 4% pa, so ur opportunity cost is 5% to 6% pa mah...!!

As long as u buy with big margin of safety, usually u make monies above ur opportunity cost loh...!!

If u always say no....u will end up like Tan Teong Boo of icap in which 3iii and Philips are criticizing bcos of no balls to invest loh...!!

Posted by 3iii > Jan 29, 2019 01:35 PM | Report Abuse

The real challenge to prioritization is saying, “No!”

It’s easy to say yes.

What’s hard is saying no to busy work that gives you the satisfaction of checking an item off your to do list — meeting an obligation to someone else, doing an easy task, writing an email.

Posted by 3iii > 2019-01-31 11:12 | Report Abuse

I think raider misses the point.

Saying "No" allows you to prioritize your work.

It is all about using time efficiently and effectively.

Posted by stockraider > 2019-01-31 11:20 | Report Abuse

If u have not many stocks...what time u r talking about ??

Even u may use slightly more time, but doing more homework that will mean u improve ur investment skill in the long run mah...!!

Put it this way loh, if there is a 10% pa opportunity compare to cash return of 4% pa opportunity cost, u should take it loh...!!

Don end up...like ttb icap...this Philip n 3iii are laughing at mah..!!


Posted by 3iii > Jan 31, 2019 11:12 AM | Report Abuse

I think raider misses the point.

Saying "No" allows you to prioritize your work.

It is all about using time efficiently and effectively.

Posted by jeffng570 > 2019-01-31 11:30 | Report Abuse

talk no use....come... i give tipsy

Posted by 3iii > 2019-01-31 13:07 |

Post removed.Why?