Dennis Ng has passed away

[arthur]

I remembered d.o.g. (almost universally well-liked on WallStraits except perhaps by the Founder of WallStraits because d.o.g pulled no punches in his criticism of Curtis's portfolio) rejected his business when he offered to be one of his clients in his hedge fund. I guess Dennis did not give the impression that he will be an easy person to get along with.

Dennis would get irritated and impatient when people disagree and refuse to learn from him. This aspect of him made him come across as arrogant and was one of the reasons why he was so unwelcomed on investment forums. I believed Dennis was deeply hurt by the experience. In a private correspondence with him, Dennis revealed (in his own words) that "the reason my MasteryOfFinance forum was not open to public comment is becos of silly personal attacks I've been through in public forums, which you should know very well, why I left wallstraits.com" In his defense, I think this seemingly arrogant behavior stems from his deep passion to teach. When a teacher is anxious to see results, he will become impatient with students who doubt his teachings. Unfortunately, fellow forummers never had any intention to be his students. Many of them were good investors in their own right and could make good money with their own methods. If Dennis wanted people to listen to his advice, then the most effective way is to get people to pay to listen to him. This was why Dennis was so well-respected in his own forum www.masteryourfinance.com but disliked in all the other investment forums that he actively participated before. Dennis's fault was trying to impose his methods on others but he never held back on what he knew for those who wanted to listen. In all fairness to Dennis, can any of his detractors accuse him of being selfish in sharing what he knows?

Hi Hyom

Do you have any idea what is happening to Dennis' forum and financial coaching after his demise?
Frankly its one of the forum I visit regularly even though I am not a graduate of his.

For the past couple of weeks, i can sense the contributors seem unable to find a common goal and direction for Dennis' continuation contribution to the local investors' financial learning.

In fact, on the contrary, I am seeing some "contributors" taking advantage of his demise to promote another guru Hu Li Yang, which Dennis while alive, has actively seek to warn his students about.

To take advantage of someone demise so as to promote another's business is downright dispicable.

I really sincerely hope there will be some charismatic students of his who could rise to the occasion to take over Dennis' will of teaching financial knowledge to others.

Its saddening and heart-wrenching to see such state when there isn't a proper handover of duties due to his sudden demise. Dennis hasn't start his financial coaching for many years thus leading to such a state now.

[hyom]

i went to your blog and noted your post on retrenchment. sorry to hear that, but have u found a job or doing full-time investing now? god bless.

Thanks for your concern. I have already found a job. I am in my 30s and still too young to become a full-time investor. I do not have the strength of character to withstand how society would view me as a full-time investor regardless of whether I can afford it or not. Even if people are not talking, I will always be imagining that they are talking. I have even toyed with the idea of registering a company to my name so that I can hide my unemployment status. Simple acts like filling forms were humiliating because they exposed the embarrassing truth.

I am not like Jared who can take things in his stride "Those who matter do not mind. Those who mind do not matter". Neither am I confident to be like KopiKat who can survive well as a full-time investor.

Do you have any idea what is happening to Dennis' forum and financial coaching after his demise?
Frankly its one of the forum I visit regularly even though I am not a graduate of his.

After Dennis's death, I stopped visiting his forum. Since Dennis emphasized "independence of thought" in his teachings, I believe his good students should be able to take care of themselves after his demise. The good ones should not need to look for a new sifu like Hu Li Yang and should be independent enough to evolve a style that suit themselves.

[FA+TA]

Today is Dennis Ng one year death anniversary. If his SIFU is Mossie, I have compiled some Mossie's contribution in SharesInvestor.com and I want to share with all Valuebuddies.

Mossie's MY STORY was very interesting and inspiring to many Valuebuddies. His other sharing is HOW TO BECOME SUCCESSFUL INVESTOR. I hope these 2 articles can be useful to all Valuebuddies and boost the members to 3000.


  Mossie's story & his sharing in SI.pdf (Size: 172 KB / Downloads: 427)

Note: Can moderator ensure only members can download the file?

[kelvesy]

When property and stock market were at boiling points because of availability of cheap credit and liquidity, i should have avoided them and stay in cash.

----

Are we there yet? I can't tell, but I fear it's near.

[Ray168]

FA+TA,

Thanks for sharing.

Today is Dennis Ng one year death anniversary. If his SIFU is Mossie, I have compiled some Mossie's contribution in SharesInvestor.com and I want to share with all Valuebuddies.

Mossie's MY STORY was very interesting and inspiring to many Valuebuddies. His other sharing is HOW TO BECOME SUCCESSFUL INVESTOR. I hope these 2 articles can be useful to all Valuebuddies and boost the members to 3000.



Note: Can moderator ensure only members can download the file?

[newborn1000]

Well, I was from wallstraits forum too......time flies i guess

[zf87]

Today is Dennis Ng one year death anniversary. If his SIFU is Mossie, I have compiled some Mossie's contribution in SharesInvestor.com and I want to share with all Valuebuddies.

Mossie's MY STORY was very interesting and inspiring to many Valuebuddies. His other sharing is HOW TO BECOME SUCCESSFUL INVESTOR. I hope these 2 articles can be useful to all Valuebuddies and boost the members to 3000.



Note: Can moderator ensure only members can download the file?

Thanks for sharing.

More from Mossie's.

"By Mossie on Thursday, August 3, 2000 - 10:41 am:

If I may, I would like to take this opportunity to share & summarise my approach to investment using Pertama as the case study. Again, what I am sharing is just my approach. It's by no means 100% correct.

If you have been following this saga on Pertama, I have cited Pertama as an example of how I invest in shares. I stated I look at basement prices and I follow Invisible Hands. In this case, we have identified IH to be Harvey
Norman (HVN). Their entry/buying-in price of 27.5cts constitutes basement price.

Also, I shared, having established IH and their entry price, I conduct meetings with Management to ascertain their business strategy and whether they are able to deliver the desired results. The idea of conducting meet-the-management meetings was shared on SI's forum. It led to the ever
proactive forumer Pnd taking the initiative to set up the meeting. This was held on 29th July with 18 forumers in attendance.

I also stated I am a very focused investor. My approach is akin to a sniper having "one shot,one kill" probabilities. Hence, the company I buy must have cash balances in their balance sheets, proven & credible management with solid track records, and a viable business strategy. All these characteristics have been summarised & mentioned by James4888.

Now that I have identified a candidate in Pertama, I will now share with you my buying approach.

Yes, as James488 suggested, the catalyst for Pertama's price run could either be in the form of an opening of a megastore in Singapore or Malaysia. When? I don't know but I think
it's within the next six months.

The question begs, why don't I buy in six months' time rather than getting my capital tied down.

In my 12 years of experience of being in business & investing in markets, I have learnt that the
investor/businessman who is the first to the market with his/her products & services reaps the best margins.

I have also learnt that it's difficult to time an entry such that the price surges within a contra period. Most times, I have to buy and wait. In most cases, the waiting period had been months before I could exit with 100% gains.

Also, the market is forever forward looking and it discounts the future. When the plans are laid out & the shape of the store in S'pore & M'saia takes greater form & structure, what will happen is this. Insiders, suppliers, biz contacts,
contractors etc will be buying as they also can read the writing on the wall.

As a result of "smart money" buying, the shares will be in ever stronger hands and the supply will be taken out of the market. Those who are late will have no choice but to PAY-UP and chase after stocks selling at higher prices.

Hence, once I have identified a favoured candidate AFTER conducting extensive work, I will be slowly accumulating when I have saved up a couple of hundred of dollars. I try not to time my entry in a sense.

Hopefully, this little discourse will help to explain my approach to investing. It has worked for me in the past and it has helped to recover my six figure losses incurred during the Asian financial crisis.

Investing is a game of hard work and patience. My method puts me in a steady position in that I will never be PRRESURISED to react. Rather, my approach puts me in a comfortable position to pre-empt or anticipate what could happen in the future. "

[zf87]

Mossie's strategy, self-summarized:

By Mossie on 12/21/2000.16:49:38

"I suggest you read my thread at "Becoming A Successful Investor". During the early part of this year, I went through a Q&A with Forumers over my investment process. Perhaps, I can summarise them here for you.

(1)USe the TA's as the starting point. Look out for bottoming out formations like "w", "U", inverse head and shoulders, cup and saucers. Look for strong accumulation patterns. Use the "Manx" chart to spot where the accumulation is. You need to be a Gold Member to use Man's chart. For illustration, click
here.. Accumulation is detected when there is a large increase in the sideway bar.

(2)After you have detected accumulation by insiders (there must be strong levels of insider buying), Invisible Hands etc, then proceed to do extensive FA (Fundamental analysis). Try and find out why the insiders are buying. If possible, make arrangements to meet the company's Management. Nowadays, Management is VERY accessible. Just look at what Kenny is doing with QianHu!!

Make every effort to understand the business. Study the balance sheet. Pay special attention to three main issues: cash, accounts receivables and inventory. For an understand, see
How To Read A Balance sheet.

Understand the ethos of Management. When you buying a company, you are buying the quality of Management.

Ensure that the company is going you have growth (growth drivers).

(3)Devise a Trading Plan
Establish how much this stock is going to constitute to the overall size of your portfolio. If it is, say, overweight, then I will buy as much as 30% of the portfolio is this counter. For me, Pertama is my overweight stock!!

Once you are comfortable with all of the above, never fear when the price falls. In fact, celebrate! Why? Because I am getting a chance to buy more stock at a cheaper price. SeeVictor's principle.

For a live example, please go to Pertama's thread to see how I analyse counters.

(4)Exercise a lot of patience.
Once I buy at basement levels, I can hold a stock for 12 to 24 months. I have set aside enough "living" capital such that I need not be worroed if the market tanks. My temperament is one of a BUy and Hold. I appropriate a small portion of my funds for playing. But the bulk are in investments. Incidentally, I have already set aside six to eight months of "living" money such that if I lose my job, I am not perturb!!."

[Temperament]

In fact for me, the money i dump into the stock market i am prepared to take the time factor out. So that i can choose when to sell. Of course in reality if i can do it for 5 years, i think i will be quite O. K. That's my temperament only.....

[corydorus]

Many Crisis formed due to "New" factor that is not easy to anticipate. And the greed and then fear factor can be high in the midst.
Not sure what's the behavior will be for me next despite the historical lesson learned. The last GFC crash, I basically ride out because in shock mode.

SARs - Diseases. If is not controlled the world could have gone back to stone age.
Dotcom - Internet with no earning. Many wealth were wipe out. I know a friend who lost US$5M.
AFC - Financial. Speculative attack and poor fundamental.
GFC - Sub Prime. Everybody assume housing is one way up driving demands.

Cory