Posted by 3iii > 2018-10-25 18:17 | Report Abuse

GAPIC approach of Mario Gabelli

Gather
Arrange
Project
Interprete and
Communicate

Posted by 3iii > 2018-10-25 18:22 |

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Posted by 3iii > 2018-11-09 16:13 | Report Abuse

It is always preferable to invest in compounders and growth companies than just any bargains or cheap non-quality stocks.

https://myinvestingnotes.blogspot.com/2018/11/it-is-always-preferable-to-invest-in.html?m=1

Posted by 3iii > 2018-11-09 19:55 | Report Abuse

Achieving 100% increase in portfolio value over 5 years

My Investing Objective

My objective in investing is to double my portfolio value every 5 years. Essentially, this means a 100% return on my investment every 5 years. What does this mean in practice?


https://myinvestingnotes.blogspot.com/2017/04/achieving-100-increase-in-portfolio.html

Posted by lizi > 2018-11-25 15:56 | Report Abuse

3iii, which stocks good to accumulate and hold for 5 years or more? can give a list for us to study?

Posted by lizi > 2018-11-25 15:57 | Report Abuse

stocks that meet your criteria..

Posted by 3iii > 2018-11-27 09:55 |

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Posted by 3iii > 2018-12-04 19:51 |

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Posted by 3iii > 2018-12-05 21:38 | Report Abuse

After warning against entering the market "at a time of extreme exuberance and then (becoming) disillusioned when paper losses occur," Buffett quotes the late Wall Street money manager Barton Biggs:

"'A bull market is like sex. It feels best just before it ends.'"

Posted by 3iii > 2018-12-15 21:05 | Report Abuse

Fear Index

What are you doing with your money?

I'm buying stocks while they are cheap.
I'm staying put in the market for the long-term.
I'm taking some money out of stocks. I don't want to risk everything.
I'm selling all stocks and moving to CDs.
I'm in a panic. Where's the nearest mattress?

Posted by 3iii > 2018-12-15 21:14 |

Post removed.Why?

Posted by 3iii > 2019-01-01 05:43 | Report Abuse

http://www.investlah.com/forum/index.php/topic,69819.msg1560483.html#msg1560483


Happy New Year 2019.

2018 was another great year for my investing.

Posted by 3iii > 2019-01-01 07:56 | Report Abuse

My 2019 advice:

Remember this: "Short-term profit does not create long-term value for anyone."

This is a very profound and important point when it comes to investing.

Posted by Sslee > 2019-01-01 11:04 | Report Abuse

Dear 3iii,
KCChong define value investor do not mean holding the share for eternality (do not fall in love with the share) but to sell when the share price had overshot its intrinsic value.

May I ask is Nestle current price already overshot its intrinsic value.
And why PETDAG is a value buy but not Petronm and Hengyuan?

Thank you

Posted by 3iii > 2019-01-03 07:05 |

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Posted by stockraider > 2019-01-03 10:11 |

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Posted by 3iii > 2019-01-03 11:46 |

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Posted by Icon8888 > 2019-01-03 11:52 | Report Abuse

Need to spend some time read this thread

Different from my universe

Maybe can provide different insights

Posted by stockraider > 2019-01-03 11:54 |

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Posted by stockraider > 2019-01-03 11:57 |

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Posted by 3iii > 2019-01-04 07:51 | Report Abuse

Investing is fun. Investing can be rewarding.

The greatest risk in investing is yourself. Risk is when you do not know what you are doing.

The investor should have a well developed philosophy (strategy) and then put this into his investing. Over-time, he modifies, improves and refines this through his experience and mistakes. He can also learn a lot learning from other’s experiences and mistakes.

When investing, always be mindful of these alll the time:

1. Your investment objectives
2. Your tolerance to risk.
3. Your time horizon
4. Your present financial capacity.

Each investor is different and need to develop their own investment strategy based on his unique these 4 characteristics.

My investing objective is to grow my portfolio value at a compound annual growth rate of 15% per year for the long term. My time horizon is the very long, that is, whatever is my remaining lifetime plus that of the remaining lifetime of my loved ones. Since I am financially free and well off, my tolerance for risk is high. My portfolio value can drop by 50% and I do not think I would be frightened out of the stock market or be permanently harmed financially, given my asset allocation and methodology using value investing.

Thus, the challenge is within. Building a portfolio of great stocks with little volatility that gives good total returns, from dividends and capital appreciation, over many years or forever.

Achieving a total portfolio compounded return of 5% per year is imminently and easily achievable. Achieving compounded 10% per year over the long term is not difficult. 15% per year is of course more challenging but requires more diligence and hard work.

The challenge in my investing is within and not without.

Posted by 3iii > 2019-01-04 19:05 | Report Abuse

Yes, I recall my portfolio was down >20% in 2008.

Posted by Alex™ > 2019-01-04 19:23 | Report Abuse

Unfortunately, we can only see from rear mirror which company will survive with that kind of consistent, if not improved, earning power.

Posted by 3iii > 2019-01-04 22:09 |

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Posted by 3iii > 2019-01-05 06:24 |

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Posted by 3iii > 2019-01-05 06:27 | Report Abuse

The market cap-to-GDP ratio, largely known as Buffett indicator, now stands at 113 per cent for US and 82 per cent for the rest of the world.

Posted by 3iii > 2019-01-05 06:35 |

Post removed.Why?

Posted by Icon8888 > 2019-01-05 06:38 | Report Abuse

I have bookmarked this thread to read it thoroughly

Forcing myself to read so as to tap 3iii wisdom

Even though it is difficult to do (falls asleep after few minutes, due to ideological difference)

But I promise myself I will finish the whole thing . But need a bit of time

Posted by Up_down > 2019-01-05 11:44 | Report Abuse

Icon. It’s really take your time to digest his ideological. Not easy to absorb his information since we have been practicing value trade in few years back. We get used to our way and feeling comfortable with our existing strategy since it has proven to us. Our resistance is much lesser if our value trade strategy doesn’t work and we are eagering looking for better solutions to improve our situation.

Posted by Icon8888 > Jan 5, 2019 06:38 AM | Report Abuse

I have bookmarked this thread to read it thoroughly

Forcing myself to read so as to tap 3iii wisdom

Even though it is difficult to do (falls asleep after few minutes, due to ideological difference)

But I promise myself I will finish the whole thing . But need a bit of time

Posted by 3iii > 2019-01-05 16:26 |

Post removed.Why?

Posted by UnicornP > 2019-01-05 16:39 | Report Abuse

Companies that grow revenues and earnings will see share prices grow over time. But can you foresee it? Better foresee its downfall before everyone else !

Posted by stockraider > 2019-01-05 23:52 | Report Abuse

The test whether investment or speculation ??
U ASK YOURSELF R U PREPARE TO HOLD MORE THAN 3 YRS LEH ??
IF YES....IT IS INVESTMENT ....IF NO IT IS SPECULATION LOH...!!

Posted by Up_down > Jan 5, 2019 11:44 AM | Report Abuse

Icon. It’s really take your time to digest his ideological. Not easy to absorb his information since we have been practicing value trade in few years back. We get used to our way and feeling comfortable with our existing strategy since it has proven to us. Our resistance is much lesser if our value trade strategy doesn’t work and we are eagering looking for better solutions to improve our situation.

Posted by Icon8888 > Jan 5, 2019 06:38 AM | Report Abuse

I have bookmarked this thread to read it thoroughly

Forcing myself to read so as to tap 3iii wisdom

Even though it is difficult to do (falls asleep after few minutes, due to ideological difference)

But I promise myself I will finish the whole thing . But need a bit of time

Posted by qqq3 > 2019-01-06 00:32 |

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Posted by qqq3 > 2019-01-06 00:44 |

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Posted by Zhuge_Liang > 2019-01-06 01:57 |

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Posted by 3iii > 2019-01-06 06:58 |

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Posted by 3iii > 2019-01-06 07:07 | Report Abuse

Generally, a bear market will cause the securities you already own to become undervalued.

What you already own is worth less [according to the market.]


This leads to two fundamental truths:
1.) A bear market is only bad if you plan on selling your stock or need your money immediately.
2.) Falling stock prices and depressed markets are the friends of the long-term investor.

In other words, if you invest with the intent to hold your investments for years down the road, a bear market is a great opportunity to buy. [It always amazes me that the "experts" advocate selling after the market has fallen. The time to sell was before your stocks lost value. If they know everything about your money, why they didn't warn you the crash was coming in the first place?]


So what do I do with my money in a bear market?

The first thing you need to do is to look for companies and funds that are going to be fine ten or twenty years down the road. If the market crashed tomorrow and caused Gillette's stock price to fall 30%, people are still going to buy razors. The basics of the business haven't changed.


This proves the third fundamental truth of the market:

3.) You must learn to separate the stock price from the underlying business. They have very little to do with each other over the short-term.

When you understand this, you will see falling stock markets like a clearance sale at your favorite furniture store... load up on it while you can, because before long, the prices will go back up to normal levels

Posted by 3iii > 2019-01-06 07:15 |

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Posted by 3iii > 2019-01-06 07:30 |

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Posted by stockraider > 2019-01-06 12:01 | Report Abuse

Bursa Snipers

Author: BursaSnipers | Latest post: Sat, 5 Jan 2019, 03:38 PM

Any reliance on this information is at your own risk.

Blog Headlines (by Date) Blog Index
LEARN TO ANALYZE DETAILS
Author: BursaSnipers | Publish date: Sat, 5 Jan 2019, 03:38 PM

LEARN TO ANALYZE DETAILS

Predict More Presciently

6 It takes little effort to make predictions. Perhaps that’s why so many people get them wrong.
Pundits guess what will happen with the economy, geopolitics or consumer behavior. Within companies, executives make sales projections, predict the cost of raw materials and assess staffing needs in the year ahead.
Some leaders seem preternaturally gifted at making accurate predictions. What do they know that others don’t?
As a rule, the most astute observers of the present gain a better grip on the future. They also think logically, sift through various data points and prioritize what matters most. To enhance your predictive power:
Go beyond your gut. If you make predictions solely on what your gut tells you, beware of blowback. It’s unlikely that your instinctive sense of what the future will bring will produce an accurate result.
“Natural human decision-making is gut-driven,” said Dan Gardner, a risk communications consultant at Tactix, an Ottawa, Canadabased firm. “That often works well. But when it comes to forecasting, that’s a bad way to approach it.”
He cautions that what seems intuitively true may not necessarily prove true. When rushing to make predictions, it’s tempting to skip a methodical analysis.
Add a step. Rather than make predictions and then spring into action, break the process into two steps. Say to yourself, “I think this is true; now let me think about it some more,” as opposed to, “I think this is true, so I’ll act on it now.”
“You need to slow it down,” said Gardner, author of “Future Babble.” “You need to engage in conscious thought.”
Track your thinking. When you opine, proceed with care. That’s especially true if you start making assertions about what hasn’t happened yet.
“Sometimes, people don’t realize that they’ve made a prediction,” Gardner said. “Look at your thinking and ask, ‘Is there a forecast buried in there?’ Unpack your thinking and ask if it rests on certain assumptions.”
Start with stats. Say you’re predicting whether one particular family owns a dog. You examine details such as the number of kids at home and the layout of the property.
A better starting point is to determine how many single-family households have dogs.
“Always start with the base rate, which is the frequency of something within a category,” Gardner said. From there, broaden your analysis to incorporate details of a given situation.
Weigh the two Rs. Heighten the odds of making a sound prediction by weighing two key factors: relevancy and reliability.
Carl Spetzler, chief executive of Strategic Decisions Group in San Mateo, Calif., suggests asking yourself, “What’s relevant?” and “How reliable does my estimate have to be?” to guide your prediction.
Open wide. Beware of basing your prediction on information that’s most familiar to you. Don’t close yourself off to strands of data that you might otherwise ignore.
“People typically fall into the trap of not looking at a wide enough range of alternatives,” said Spetzler, co-author of “Decision Quality.” “People have a natural tendency to jump in without asking if they’re framing it right, so they frame it too narrowly.”
Set a realistic standard. Instead of trying to predict with precision, strive to aim in the right direction. Wrapping your mind around what’s more likely to occur works better than insisting on seeing the future with crystal clarity.
“The human mind is wired for all kinds of biases,” Spetzler said. “There’s lots of wishful thinking with rosy predictions. Take out your biases and introduce an understanding of uncertainty. It’s not about certainty; it’s about getting the ranges right.”
Telegram me: Bursa Snipers

Posted by qqq3 > 2019-01-06 12:28 | Report Abuse

Posted by 3iii > Jan 6, 2019 07:30 AM | Report Abuse

Buy and hold strategy is safe for selected stocks.
==========

value traps....I think every beginner have to go through that stage.....what u think?

value traps...referring specifically to all the Insas supporters out there.

Posted by Icon8888 > 2019-01-06 13:47 | Report Abuse

Finally finished reading one page

Nothing much to disagree

The only difference between him and me is that I am a small / mid cap junkies while he goes for established companies

Posted by Icon8888 > 2019-01-06 15:47 | Report Abuse

Disagree.

Beating the market makes you feel good but has no tangible benefit (for non fund managers)

Absolute return is the only thing that matters because it has real positive impact on your net worth

In other words, mind our own business, don’t let your buy and sell decisions been influenced by what others do


Posted by 3iii > Oct 20, 2018 10:42 AM | Report Abuse

Your goal in investing is not to achieve average market return but to be better than that.

Posted by 3iii > 2019-01-06 15:53 |

Post removed.Why?

Posted by Icon8888 > 2019-01-06 16:22 | Report Abuse

3iii, is this your portfolio ?

http://www.investlah.com/forum/index.php/topic,69819.msg1560483.html#msg1560483

Posted by Icon8888 > 2019-01-06 17:29 | Report Abuse

Let us discuss the charts (click the link above)

3iii outperformed us this year not because his blue chips had done well, they are mostly flattish. On the other hand, 2018 was bad for us small and mid cap investors (higher volatility)

Because of the above, 3iii claims that his investment strategy is superior and is dismissive of our method

But in past three years most of us did better than him

It is true we suffer paper loss this year, but small and mid caps are now trading at such depressed level that they will comfortably bounce back when market normalised (pray it happens this year)

Then we are ahead of him again

If that happens, we will be ahead of him in 3 of the 4 years

If that is the case, how can his method be more superior than us ?

3iii's rhetoric is powerful, but real life performance showed otherwise

Posted by Up_down > 2019-01-06 17:31 | Report Abuse

We can’t defy market cycle. 3i was enjoying better returns in bear period. Investors are defensive and willing to park their money in stable FMCG companies. It won’t last for long as usual, although, I don’t foresee any big drop in the share prices. I believe in nature cycle of up and down. Traders would be certainly outperformed in bull market future.

Posted by stockraider > 2019-01-06 17:33 |

Post removed.Why?

Posted by Up_down > 2019-01-06 18:21 | Report Abuse

I will revisit 3i portfolio again in next bear cycle...after ending of next bull run.

Posted by 3iii > 2019-01-06 20:36 | Report Abuse

http://myinvestingnotes.blogspot.com/2008/08/investment-policies-based-on-benjamin.html?m=1


FRIDAY, 1 AUGUST 2008

Investment Policies (Based on Benjamin Graham)
Summary of Investment Policies

A. INVESTMENT FOR FIXED INCOME:
US Savings Bonds (FDs or Amanah Sahams for Malaysians)

B. INVESTMENT FOR INCOME, MODERATE LONG-TERM APPRECIATION AND PROTECTION AGAINST INFLATION:
(1) INVESTMENT FUNDS bought at reasonable price.
(2) Diversified list of primary common stocks (BLUE CHIPS) bought at reasonable price.

C. INVESTMENT CHIEFLY FOR PROFIT: 4 approaches are open to both the small and the large investors:
(1) Representative common stocks bought when the MARKET level is clearly LOW.
(2) GROWTH STOCKS, when these can be obtained at reasonable prices in relation to actual accomplishment – GROWTH INVESTING.
(3) Purchase of securities selling well BELOW INTRINSIC VALUE – VALUE INVESTING.
(4) Purchase of WELL-SECURED PRIVILEGED SENIOR ISSUES (bonds and preferred shares).
(5) SPECIAL SITUATIONS: Mergers, arbitrages, cash pay-outs.

D. SPECULATION:
(1) Buying stock in new or virtually new ventures (IPOs) .
(2) TRADING in the market.
(3) Purchase of "GROWTH STOCKS" at GENEROUS PRICES.


_______________


For DEFENSIVE INVESTORS: Portfolio A & B
(Portfolio A: Cash, FDs, Bonds Portfolio B: Mutual funds, Blue chips)

For ENTERPRISING INVESTORS: Portfolio A & B & C
(Portfolio C: Buy in Low Market, Buy Growth stocks at fair value, Buy value stocks i.e. bargains, High grade bonds and preferred shares, Arbitrages)

For SPECULATORS: Portfolio D
(Should set aside a sum for this separate from their money in investing.)