Posted by 3iii > 2019-09-30 18:43 |

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Posted by calvintaneng > 2019-09-30 21:12 | Report Abuse

Investlah was plagued be 2 extremes

1. One dinosaur recommending ancient fossilized stocks called 3x idiots

Incorrigible
Insanely blind to net asset approach
Idiot like a busybody even Sifu Raider and Icon8888 fed up with.

2. Out and out gambling fool called Dr Kim
A fool gambling with passion without brain

So one got brain full of antique obsolete ideas
One has no brain

What a sad state investlah landed in

Good that Dr Kim has been locked away

Bad for i3 investors people if incorrigible 3x idiots still never learn from all his errors

Will 3x idiots change his stubborn and wanton ways?

I doubt so. How can an Ethopian change his skin or a leopard change his spots?

Posted by 3iii > 2019-10-01 16:10 |

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Posted by Jason Toshi Ho > 2019-10-02 09:25 | Report Abuse

315 dropping

Posted by 3iii > 2019-10-02 16:30 |

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Posted by stockraider > 2019-10-02 16:55 |

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Posted by stockraider > 2019-10-02 16:59 |

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Posted by ahbah > 2019-10-02 17:03 | Report Abuse

KLCI now at 4 yr low. Anyone dare to fix his fishing net to catch fish ?

Posted by 3iii > 2019-10-02 21:34 | Report Abuse

Ahbah a good reminder. Value appearing in Bursa.

Posted by 3iii > 2019-10-03 10:35 | Report Abuse

I was expecting for the KLCI to drop 30 points today.

Posted by 3iii > 2019-10-04 08:19 | Report Abuse

Great companies grow their intrinsic values over time, getting cheaper over time.

Equities are more interesting than bonds, as good equities can grow over time.

Posted by 3iii > 2019-10-04 08:21 | Report Abuse

Invest in companies with long term growth and reasonable valuations.

With interest rate so low, valuation matters less (think this through).

Posted by 3iii > 2019-10-04 08:22 | Report Abuse

Quality and a good price will always be fine over the long term. (Proven)

Posted by 3iii > 2019-10-04 08:24 |

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Posted by 3iii > 2019-10-04 08:26 | Report Abuse

https://klse.i3investor.com/servlets/forum/600227786.jsp
The GRIS strategy and method.

Posted by qqq3 > 2019-10-04 09:20 | Report Abuse

themes.............the themes now are apparel and technology ...watch out for weakness in ringgit.............

Posted by 3iii > 2019-10-04 11:40 | Report Abuse

You need money to make money!

Big rally has no windfall for small investors

Many of the stocks that retail investors are exposed to are fundamentally weak.

Do not expect companies with stress on balance sheets or lack of earnings visibility to perform.

What led to the correction in stocks prices?
1. fall in valuation multiples, or
2. earnings downgrades (mild, moderate or severe).

Posted by 3iii > 2019-10-05 15:47 | Report Abuse

Emulate Buffett and Munger

Build equity through a holding company.

How many companies you have in your own (equity) holding company?

How much dividends you receive over the years?

How much have these companies grown in value over the years?

Posted by stockraider > 2019-10-05 16:06 |

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Posted by 3iii > 2019-10-06 20:37 | Report Abuse

Posted by Jason Toshi Ho > Oct 6, 2019 6:41 PM

A business that increases its revenue and earnings throughout the years while keeping shareholder value will always see its share price go up in the long run - Philip Fisher

Posted by 3iii > 2019-10-06 22:45 |

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Posted by Sslee > 2019-10-07 07:57 | Report Abuse

Dear 3iii,
Good morning, compliment from Kcchong on your golden rule and PE> 50.

Posted by kcchongnz > Oct 6, 2019 10:43 PM | Report Abuse
"A business that increases its revenue and earnings throughout the years while keeping shareholder value will always see its share price go up in the long run - Philip Fisher"

But does the "Golden Rule" we are talking about here has any similarity with what Philip Fisher said?

Did Fisher named his statement as "Golden Rule"?

I would also like to add that the above statement is generally true, but not all the time.

If you buy those stocks at a lofty price, your return won't be encouraging, even for a long period.

Warren Buffet through Berkshire Hathaway invested in Coca Cola from year 1987. He invested in it because in his analysis, Coca Cola was an excellent quality company, and it still is. On 1st July 1990, share price of Coke was $5.69. At earnings of 30 cents per share, PE was only 19, a fair price to pay for a company which grew its earnings at a CAGR of 13.4% over the next 8 years to 82 cents a share in 1998. The share price grew at a much faster rate at a CAGR of 29% over the next 8 years to $42.59, six and a half baggers. PE ratio of Coca Cola in 1998 expanded to 52.

Over the next 21 years from July 1998 to July 30th, 2019, EPS of Coca Cola still grew by 83%, but just at CAGR of 2.9%. Its share price barely grew by 22.6% to $52.2 per share, or a CAGR of just 1%, while the Dow Industrial Index has doubled during the same period. The PE ratio of Coke has contracted to about 35. Those investors who bought Coke, a great company, at its peak price 21 years ago way under-performed the broad market during the same period.

It is the same story for Microsoft. If you have bought it in year 2000, your return won't be good. There are many others.

Posted by 3iii > 2019-10-07 08:14 | Report Abuse

Quality versus Net asset value bargains

Quality: Price today $12. Price in 5 years?

Net asset value bargains: price today is $12 and its intrinsic value should be $18.



It is always better to buy compounders.

It is always better to buy growth.

If you are buying an asset because it is cheap, your upside is limited.

Buying cheap assets is not the name of the game. Do not focus on cheap assets.

Always better to buy high growth where the intrinsic value is growing, at an unreasonable price. Look for these diamonds in the stock markets.

You should look for both: good and cheap.

The greater the margin of safety the higher the potential return.

Always demand a huge margin of safety.

Posted by 3iii > 2019-10-07 08:24 | Report Abuse

Historical daily share price chart and data for Coca-Cola since 1962 adjusted for splits. The latest closing stock price for Coca-Cola as of October 04, 2019 is 54.54.

#The all-time high Coca-Cola stock closing price was 55.77 on September 04, 2019.#

The Coca-Cola 52-week high stock price is 55.92, which is 2.5% above the current share price.

The Coca-Cola 52-week low stock price is 44.25, which is 18.9% below the current share price.

The average Coca-Cola stock price for the last 52 weeks is 49.48.


https://www.macrotrends.net/stocks/charts/KO/coca-cola/stock-price-history
Coca Cola 57 years Price History

Posted by 3iii > 2019-10-08 06:32 |

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Posted by Icon8888 > 2019-10-08 06:56 | Report Abuse

Wah, KC is right, Coca Cola is a dinasaur

It's share price was USD25 in 1996

After 23 years now in 2019, it is USD50+

Only manage to double over twenty years

Posted by Icon8888 > 2019-10-08 06:58 | Report Abuse

That is a good lesson for 3iii's Nestle and Dutch Lady

Never buy overvalued stocks

They will underperform

Might as well put money in fixed deposit

Posted by Icon8888 > 2019-10-08 07:03 | Report Abuse

Cola chart

https://finance.yahoo.com/quote/KO?p=KO&.tsrc=fin-srch

Click max to see full chart since 1962

Posted by Icon8888 > 2019-10-08 07:04 | Report Abuse

Those who read a few books and thought they understand buffett better think twice

Twenty years of stagnation ahead, if you not careful

Posted by 3iii > 2019-10-08 15:45 | Report Abuse

How to make $400 million from stocks?

Start with $10 million.

Identify a superb growth stock.

Grow this to $80 million. (How many years to achieve this?)

Then sell and redeploy this to another portfolio.

Grow this portfolio 5x. Voila, you achieve your $400 million target. (How many years to achieve this?)

Posted by KAQ4468 > 2019-10-08 15:48 | Report Abuse

wowwwwwww

can share that superb growth stock ??


kikikiki

Posted by ahbah > 2019-10-08 15:54 | Report Abuse

Value expert now got free investment lesson from 8888.

Posted by ahbah > 2019-10-08 15:57 | Report Abuse

FD give 3% yield , still better than a red portfolio.

Posted by Icon8888 > 2019-10-09 09:18 | Report Abuse

Gruesome company armada 355

Investing is about buying well

Buying a beaten down stock with recurrent income at low PE is buying well

Buying a good company with little opportunity for growth at 50 times PE is not buying well

Posted by 3iii > 2019-10-09 09:20 |

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Posted by qqq3 > 2019-10-09 09:23 | Report Abuse

icon......to be steady and stay the course, not easy..........


and if round holes square pegs, it becomes impossible............


me? I buy and sell, buy and sell,....its fun too.....cannot be another person,

I never have problem picking the right stocks......I only have problem staying the course..........................

Posted by 3iii > 2019-10-09 09:25 | Report Abuse

Look at the 52 weeks high and low prices of each of your stock.

You will notice that it was not unusual for your stock prices to go up 50% for the year and to drop the equivalent 1/3rd for the same year. That is the nature of the stock prices fluctuation. Do you think the intrinsic value (or the business) of the company fluctuates so much too? Of course, not.

Therefore, as an investor, you should have your own strategy to take advantage of these price fluctuations. As a value investor, these price fluctuations offer you the opportunity to buy when the prices are obviously undervalued to intrinsic value. As to whether you wish to sell when it is highly priced or not to sell (hold long term), this is not so critical, especially if you are holding a great company with a very long run way ahead. You will still be fine.

On the other hand, you will definitely need to sell your gruesome companies when they are overpriced.

Posted by qqq3 > 2019-10-09 09:29 | Report Abuse

stock market is just a game
games people play.....

normally, impossible to stay the course unless

- its a blue chip or
- its some thing with insider knowledge.


with just public info and not a blue chip.......impossible for me to stay the course..................

Posted by 3iii > 2019-10-09 09:52 | Report Abuse

Game theory

Yes, you must know the game you are in.

Avoid the negative sum games (gambling in Genting / Short term frequent trading).

Some are zero sum games.

Better to be in positive sum games (holding great companies that grow intrinsic value over the long term.)



You must choose the game you wish to be in. Do you have the right philosophy and method to profit form your game with a high degree of probability?

Posted by 3iii > 2019-10-09 09:55 | Report Abuse

IN 2007/2008, the market crashed. Yes, my portfolio went down 30%+. But I did not lose my capital. Still has a profit based on my initial costs. Still received dividends from the stocks I own.

I did not sell. Many sold at the depth of the market and guess what happened? That was also the best time to buy and hold for the long term.

Anyway, the same stocks I had are many times higher than before 2007 crash.

Risk in investing is when you do not know what you are doing.

Posted by ahbah > 2019-10-09 10:04 | Report Abuse

I just wish stock mkt is just a game. For me only, stk mkt include landing in ICU or landing on hard concrete ground from high rise building.

How wonderful if stk mkt is just a game for all to main main and have everlasting fun.

Posted by Icon8888 > 2019-10-09 10:36 | Report Abuse

https://klse.i3investor.com/blogs/icon8888/212924.jsp


when I made Buy call, it was 23

now 36

the gruesome company that you despised

Posted by stockraider > 2019-10-09 10:41 | Report Abuse

Correctloh....there are many way to skin a cat mah....!!

Armada is doing well bcos it has turnaround & have make 2 consistent quarterly profit loh....!!

This armada will continue to advance despite the gain recently bcos it still have margin of safety & huge undervaluation loh...!!

Posted by Icon8888 > Oct 9, 2019 10:36 AM | Report Abuse

https://klse.i3investor.com/blogs/icon8888/212924.jsp


when I made Buy call, it was 23

now 36

the gruesome company that you despised

Posted by Icon8888 > 2019-10-09 11:02 | Report Abuse

gruesome company 365

Posted by Icon8888 > 2019-10-09 11:08 | Report Abuse

37

Posted by 3iii > 2019-10-09 11:09 |

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Posted by stockraider > 2019-10-09 11:26 |

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Posted by 3iii > 2019-10-09 11:30 | Report Abuse

raider,

Do you take your investing from others?

If not, then just do your own analysis.

You should realise I do not choose to play such stocks.

For the reasons given.

But you need not have to agree with me.

Posted by Icon8888 > 2019-10-09 11:34 | Report Abuse

Everyday talk warren buffett no use one

Posted by 3iii > 2019-10-09 11:54 | Report Abuse

The KLCI peaked at 1880 in June 2014 and March 2018.

The KLCI today is at 1551.

This level of today was last seen in February 2012.

At below KLCI of 1500, the KLCI will be officially in bear market territory.

Value is appearing, hopefully sooner than later.