Posted by 3iii > 2019-02-22 19:27 | Report Abuse

“If you’re comfortably rich and someone else is getting richer faster than you by, for example, investing in risky stocks, so what?! Someone will always be getting richer faster than you. This is not a tragedy.”

“Soros couldn’t bear to see others make money in the technology sector without him, and he got killed. It doesn’t bother us at all [that others are making money in the tech sector].”



Google and read: Drunkenmiller

Posted by 3iii > 2019-02-22 19:28 | Report Abuse

On Lou Simpson and the dotcom bubble:

“You can’t believe the pressure that he was under, year after year, as the world seemed to be reaping enormous gains while he, correctly, avoided the bubble altogether, staying true to fundamentals. Lou was a wonderful example in that period—intelligent, honorable, and true to his fundamentals.”

Posted by 3iii > 2019-02-22 19:29 | Report Abuse

Learning Vicariously from Others’ Mistakes

“The more hard lessons you can learn vicariously, instead of from your own terrible experiences, the better off you will be.”

“I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting down and trying to dream it all up yourself.”

“I sought good judgment mostly by collecting instances of bad judgment, then pondering ways to avoid such outcomes.”

Posted by 3iii > 2019-02-22 19:54 | Report Abuse

Are you a patsy?

The perceptual apparatus of man has shortcuts in it. The brain cannot have unlimited circuitry.

So someone who knows how to take advantage of those shortcuts and cause the brain to miscalculate in certain ways can cause you to see things that aren’t there.

"So when circumstances combine in certain ways – or more commonly, your fellow man starts acting like the magician and manipulates you on purpose by causing you cognitive dysfunction—you’re a patsy.”

Posted by KLCI Going Heaven > 2019-02-22 20:00 | Report Abuse

It's Casino Bursa Malaysia, a place for all punters. Please don't spoil the fun with your fundamental investing. For all punters we love to supplement our bets with charts, patterns, recent news, global macroeconomic news and whatever that justifies our bets, but we do pray for it to go up after buying which we do best.

Easy guide to game:
1. Key in Price
2. Key in Quantity
3. Pray for price to go up
4. Sell
5. Repeat

Posted by stockraider > 2019-02-22 20:03 | Report Abuse

1st of all u need to understand what is patsy loh.....!!

1. If u buy margin of safety stock like insas at Rm 0.67 and when it when up to Rm 0.89 u did not sell....now drop back to Rm 0.82 is not patsy mah....!!

Why leh ?? This is bcos Insas got potential mah....the TP can be Rm 1.30....Rm 2.00....Rm 2.54 or even it is Rm 3.00 is not overvalue mah.....!!

In fact it is opportunity for other margin of safety investors to get on board this wonderful stock when there is a short term profit taking loh....!!

Posted by 3iii > Feb 22, 2019 07:54 PM | Report Abuse

Are you a patsy?

The perceptual apparatus of man has shortcuts in it. The brain cannot have unlimited circuitry.

So someone who knows how to take advantage of those shortcuts and cause the brain to miscalculate in certain ways can cause you to see things that aren’t there.

"So when circumstances combine in certain ways – or more commonly, your fellow man starts acting like the magician and manipulates you on purpose by causing you cognitive dysfunction—you’re a patsy.”

Posted by KLCI Going Heaven > 2019-02-22 20:04 | Report Abuse

forget about insas lah, we in Bursa like those cheap counters
1. Sapura
2. Armada

What else, add on yourself

Posted by stockraider > 2019-02-22 20:09 | Report Abuse

U need to understand this loh....!!

Insas u invest with margin of safety mah...!!

Sapnrg u speculate with margin of safety loh.!

Raider into both mah....bcos both can make alot of monies mah...!!

Which 1 better ??

Answer If u r speculator sapnrg better whereas when u r an investor insas better mah.....!!

It depend on your preference & comfort when u buy share...bcos both can make monies mah....!!


Posted by KLCI Going Heaven > Feb 22, 2019 08:04 PM | Report Abuse

forget about insas lah, we in Bursa like those cheap counters
1. Sapura
2. Armada

What else, add on yourself

Posted by 3iii > 2019-02-24 22:05 | Report Abuse

https://equitiestracker.com/secrets/

Posted by stockraider > 2019-02-25 12:50 |

Post removed.Why?

Posted by stockraider > 2019-02-25 12:50 | Report Abuse

P/S: Growth is only good if it is above the cost of capital. By chasing growth with borrowing money is a risk. By assuming the success story can be duplicated and scaled up in foreign countries is a dangerous thought especially bread and butter business as many countries will give priority to their own local companies for self interest and food security. NOT TRUE LOH...WHETHER U INVEST USING CASH OR MARGIN IS THE SAME MAH...!! BUT THE RISK COME FROM LEVERAGING NOT INVESTMENT LOH..!!
IF U R GOOD STOCK PICKER AND STILL YOUNG LIKE JON CHIVO GO AHEAD USE SOME VITAMIN LEVERAGE LOH...!!

Posted by stockraider > 2019-02-25 13:49 | Report Abuse

INVESTING Fundamental Stock Selection Criteria
By Koon Yew Yin Posted on February 24, 2019

Over the years, I must have read thousands of commentaries on the i3investor forum. I notice many commentators do not even know how to select a good share to buy or sell.

For example, in the case of Dayang, many said that its share price will drop on Monday because its account is so bad that even its substantial shareholder Kumpulan Wang Persaraan was selling at 50 sen and KWP will continue to sell on Monday. You must remember KWP is not known to be a good investor. But I believe it will continue to go higher.

There are many share selection criteria such as NTA, dividend yield, cash, debt, profit, loss, cash flow, number of shares issued etc.

Many investors like to look for good asset backing (NTA), for example some property companies. But their share prices will not move higher for a long time.

Many investors like to look for good dividend yield, for example Nestle or Public Bank. But their share prices move up very slowly.

Almost all the listed companies in Malaysia are young and they do not give out better dividend than Bank interest rate.

Smart investors always aim for share price increases to make money.

I read several books by Benjamin Graham, Warren Buffett, Peter Lynch, William O’Neal and others. All of them preached value investing. After having following this value investing for some time, I found out that it took too long to make money.

For example, many of the property companies are selling below their NTAs and if you buy them you will have to wait a few years before you can see their share prices increase to make money.

The most important criterion to move share price:

Among all the stock selection criteria, the most powerful catalyst to move share prices is profit growth prospect. Based on this criterion, I discovered Lii Hen, Latitude Tree and VS Industry a few years ago and became the 2nd largest shareholder. Lii Hen and Latitude went up more than 800 percent within 2.5 years.

The above chart shows V S Industry went up from 30 sen in June 2014 to Rm 1.70 in Dec 2016, an increase of 550 % within 18 months. Its 2015 annual report showed that I was the 2nd largest shareholder, holding 102 million shares.

Based on this well tested formula, I have formulated my share selection golden rule.

KYY Golden rule for share selection:

The company must report profit growth for 2 consecutive quarters before I decide to buy it. Moreover, it must be selling below PE 10.

When do I sell?

I will start to sell as soon as I see the company report less or reduce profit for 2 consecutive quarters. You must bare in mind that many company’s product or services are seasonal.

For example, Carimin reported less profit than its previous quarter because it could not do more maintenance work for Petronas during the N-E monsoon period. If it continues to report less profit for the next quarter, I will start to sell. In any case it is cheap, selling below PE below 10.

Important notice:
All readers should examine their track record honestly. If they have not been so successful or making much money by using charts or other methods, they must follow my well tested KYY Golden rule.

Posted by lextcs > 2019-02-25 13:56 | Report Abuse

if u depend on 2 quarters of reporting to make a decision then I would say that you are a very short term market player. To go thru a very vigorous and 'leh cheh' or 'ma fun' task of selection of a certain stock to fit your investment criteria then to sell it off and go thru it all again will be an utterly waste of time.

I would say uncle koon's golden rule of investing should be renamed as golden rule of speculating.

Posted by Icon8888 > 2019-02-25 13:58 | Report Abuse

What golden rule of investing ? It is ridiculous to musterbate at home when there are so many pretty girls waiting outside for you to take them out

Cast aside your warren Buffett books and join the party lah. This year is bull run

Posted by lextcs > 2019-02-25 14:04 | Report Abuse

hoot hoot hoot.... we may never love like this again …

Posted by lextcs > 2019-02-25 14:07 | Report Abuse

soon some of you guys will start promo on all the swakians stks like taan, wtk, jtiasa, rsawit, ...just to name a few..... but im obliged to tell you I've already bought into it couple of weeks ago....(sorry uncle koon, had to borrow your famous phrase)

Posted by lextcs > 2019-02-25 14:15 | Report Abuse

but what I know is when or if the next round of trade talks between the two giants fails which is unpredictably likely going to happen all of us will cry with no tears …. and that no one can predict !

Posted by 3iii > 2019-02-26 06:52 | Report Abuse

Philip Fisher

Like Ben Graham, Philip Fisher achieved impressive results over his lifetime, but Fisher did it with a markedly different approach.

Unlike Graham, who typically invested in statistically cheap "cigar-butts" (with the notable exception of GEICO), Fisher preferred to buy and hold the stocks of high-quality companies that can "GROW and GROW and GROW."

Posted by 3iii > 2019-02-26 07:08 |

Post removed.Why?

Posted by 3iii > 2019-02-26 07:10 | Report Abuse

Equally harmful to long term results: You discover a "fat pitch" but are unable to swing with the full weight of your capital.

Li Lu of LL Investment Partners.

Posted by 3iii > 2019-02-26 16:31 | Report Abuse

It would be foolish for us to sell any of our wonderful companies even if no tax would be payable on its sale. Truly good businesses are exceptionally hard to find. Selling any you are lucky enough to own makes no sense at all.


Buffett
Berkshire Hathaway 2019

Posted by 3iii > 2019-02-26 16:31 | Report Abuse

NEVER SELL A HIGH QUALITY BUSINESS!

Posted by 3iii > 2019-02-26 16:34 | Report Abuse

Rational people don’t risk what they have and need for what they don’t have and don’t need.

Posted by 3iii > 2019-02-26 16:36 |

Post removed.Why?

Posted by 3iii > 2019-02-27 16:19 | Report Abuse

Ben Graham invested 50% of his partnership fund into Geico. He did not sell even when it was no longer undervalued. He held it for 25 years and this single investment grew into a 500 baggers.

His single gain from Geico outstripped all the aggregate gains from all his other undervalued stock plays.

Posted by 3iii > 2019-02-27 16:24 | Report Abuse

My past experiences with raider:


DLady Price was $14. raider shouted: no margin of safety

Nestle Price was $28. Price was $45. raider shouted: no margin of safety

Petdag Price was $18. Price dropped from $30 to $16. raider shouted: no margin of safety.

Padini Most recent: Price dropped from $5+ to $3.60. raider shouted: no margin of safety.


Do you think you can take this person's margin of safety principle seriously?

Rest my case.




Meantime, I am "crying" all the way to the bank!
Bought DLady from $1.60, Nestle from $8, Petdag from $2 and Padini from < 90 sen (adjusted for capital changes).

There is a lot of margin of safety when you know what you are doing. The biggest risk in investing is yourself.

Posted by 3iii > 2019-02-28 09:37 |

Post removed.Why?

Posted by 3iii > 2019-03-01 09:22 | Report Abuse

"The big money is not in the buying or the selling, but in the waiting."


Charlie Munger

Posted by 3iii > 2019-03-01 18:49 | Report Abuse

The longer you hold stocks, the less risky they become, the longer you hold bond, the more risky they become.

Warren Buffett

Posted by 3iii > 2019-03-02 09:01 | Report Abuse

There are few investors who deliver solid results year after year. Hedge funds often get spectacular results, then crash and burn. No wonder, then, that the world’s most successful investor Warren Buffett’s annual letter to Berkshire Hathaway shareholders always makes fascinating reading.



https://www.scmp.com/comment/insight-opinion/united-states/article/2188171/unlike-warren-buffet-world-missing-forest

Posted by 3iii > 2019-03-02 15:21 |

Post removed.Why?

Posted by 3iii > 2019-03-02 16:13 | Report Abuse

>>>Posted by PureBULL . > Mar 2, 2019 03:34 PM | Report Abuse

Dear sifu 3iii,

BUT, WHAT say U abt this story?

https://klse.i3investor.com/blogs/purebull/92938.jsp<<<


>>>Do u know who is that 80+ old man? Yes, your G Soros.<<<


Do you know that G Soros was one of the biggest loser in 2000?

When the tech bubble burst, his funds lost a lot (a huge sum) of money.

Yes, we often romanticise his winning of shorting of the British pound but his many losses were often not highlighted.

Posted by 3iii > 2019-03-02 16:15 | Report Abuse

PureBULL


For every investor, he or she has to know what he is doing in his investments into stocks.

He/she should define the investment objectives, the time horizon of the investment, the risk he/she is willing to tolerate/accept and also his/her own financial capacity.

No one size fits all. Above all, comfortable with what you are doing. Know the risks and the rewards will take care of themselves. Be safe.

Posted by 3iii > 2019-03-02 16:18 | Report Abuse

Soros loses £430m in failed internet gamble

World's biggest hedge fund suffers worst ever year, after disastrous wagers that web stocks would fall and euro would be a strong currency

https://www.theguardian.com/business/1999/aug/11/15

Posted by 3iii > 2019-03-02 16:19 | Report Abuse

The Soros group of funds has fallen from a peak of $22bn (£13.7bn) last year to $13bn (£8bn) because of bad investment decisions and money withdrawals by nervous investors. Most US stock markets have achieved double digit percentage gains during the same period.

Posted by 3iii > 2019-03-02 16:38 | Report Abuse

THERE are few investors who deliver solid results year after year. Hedge funds often get spectacular results, then crash and burn. The world’s most successful investor, Warren Buffett, has just delivered another annual letter to the Berkshire Hathaway shareholders that make fascinating reading, if only for his pithy insights into how he sees the world.


Read more at https://www.thestar.com.my/business/business-news/2019/03/02/investing-in-an-age-of-disruption/#rqQQJWtmchzZPJzw.99

Posted by qqq3 > 2019-03-02 16:49 | Report Abuse

this 2 months was a small cap esp OG rally................so how?

Posted by qqq3 > 2019-03-02 16:50 | Report Abuse

this 2 months was a small cap esp OG rally................so how?

esp OG MCM rally.

Posted by qqq3 > 2019-03-02 17:00 | Report Abuse

the success of wallen bufett, Philips and 3iii must be congratulated.......

but duplicable? easy? guaranteed?

Posted by Haw Liao > 2019-03-02 17:05 | Report Abuse

this time market crash slow slowly...

to trap sorchai...

new way market crash

hahaha

Posted by 3iii > 2019-03-02 17:24 |

Post removed.Why?

Posted by qqq3 > 2019-03-02 18:03 | Report Abuse

S = Q r

no Q no S

Posted by Heavenly PUNTER > 2019-03-02 18:04 | Report Abuse

no r

Posted by qqq3 > 2019-03-02 18:09 | Report Abuse

Q is a talent or can be trained?

Posted by Heavenly PUNTER > 2019-03-02 18:15 | Report Abuse

Q is trained by praying

Posted by 3iii > 2019-03-03 16:58 | Report Abuse

There is no price low enough to make a poor quality company a good investment.



If you're in doubt about the quality of a company as an investment, abandon the study and look for another candidate.

When in doubt, throw it out.

Abandon your study and go on to another. There is no price low enough to make a poor quality company a good investment.


The worse a company performs, the better value its stock will appear to be.

Because declining fundamentals will prompt a company's shareholders to sell, the price will decline. This will cause all the value indicators to show that the price has become a bargain. It's not!

When the stock is selling at a price below that for which it has customarily sold, you will want to check to see why - what current investors know that you don't.



http://myinvestingnotes.blogspot.com/2012/06/there-is-no-price-low-enough-to-make.html?m=1

Posted by 3iii > 2019-03-03 16:59 | Report Abuse

There is no price low enough to make a poor quality company a good investment.



If you're in doubt about the quality of a company as an investment, abandon the study and look for another candidate.

When in doubt, throw it out.

Abandon your study and go on to another. There is no price low enough to make a poor quality company a good investment.


The worse a company performs, the better value its stock will appear to be.

Because declining fundamentals will prompt a company's shareholders to sell, the price will decline. This will cause all the value indicators to show that the price has become a bargain. It's not!

When the stock is selling at a price below that for which it has customarily sold, you will want to check to see why - what current investors know that you don't.



http://myinvestingnotes.blogspot.com/2012/06/there-is-no-price-low-enough-to-make.html?m=1

Posted by 3iii > 2019-03-04 16:22 |

Post removed.Why?

Posted by 3iii > 2019-03-06 13:05 | Report Abuse

Market Manipulation

Charles Dow wrote in 1901: "The manipulator is all-powerful for a time. He can move market prices up or down. He can mislead investors, inducing them to buy when he wishes to sell, and sell when he wishes to buy; but manipulation in a stock cannot be permanent, and, in the end, the investor learns the approximate truth. His decision to keep his stock or sell it then makes a price independent of speculation and, in a large sense, indicative of true value."

In the current regulatory situation, manipulation, though it does crop up, is less common.

Posted by 3iii > 2019-03-06 13:10 |

Post removed.Why?