Benjamin Graham, the founding father of value investing, was the first to recognize the quality problem among equities back in the 1930s.
- Graham classified stocks as either Quality or Low Quality.
- He also observed that the greatest losses result not from buying quality at an excessively high price, but from buying Low Quality at a price that seems good value.
Do you know that I buy Takaful insurance, not only I get coverage, I also got paid by Takaful every now and then (my real life experience) ? Go study the business concept qqq3
Then you know why it cleans the clock of conventional insurance
but sslee got burn by Xinguan, one other red chip, TA, Hengguan and now jump into Malaysian pink chip Insas........see...I told u, rubbish will seek rubbish......its only natural......
In conventional insurance, insurance companies provides funds, take the risk, reap the profit
In Takaful, policy holders provide funds, Takaful operator manage the operations and bears the risk for a fee (the risk is mitigated through reinsurance or diversification through portfolio of insurees of course, who as mentioned above, is the funds provider for the Takaful).
Because of this arrangement, Policy holders are entitled to a share of the profit
That is why as a policy holder of Maybank Takaful , I regularly receive cheques from my Takaful company
With this kind of model, who would not switch from conventional to Takaful ? That is why Takaful has been growing by leaps and bounds over past ten years
It has a structural advantage over its conventional competitors
As long as you trust their Q.....and you are the contrarian....I don't think anyone can question their r for the time being......as long as there is no scandal.
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....
Posted by 3iii > 2019-01-22 21:52 |
Post removed.Why?