17-03-2015, 03:57 PM
(This post was last modified: 17-03-2015, 03:57 PM by specuvestor.)
Actually I think catching top or bottom, trough or peak is only useful for cocktail talk
Approximately right is more important than precisely wrong
What is important besides knowing the business is the asset allocation strategy and execution cause nobody knows where is top or bottom. It's a fine line between cutting loss and accumulate, unless one knows what one is doing.
Cashflow to the investor is indeed paramount in the long run because capital gain is fleeting based on "market timing", especially for full time professional investors, so balancing and constructing portfolio with adequate cashflow is important rather than rely on Mr Market

What is important besides knowing the business is the asset allocation strategy and execution cause nobody knows where is top or bottom. It's a fine line between cutting loss and accumulate, unless one knows what one is doing.
Cashflow to the investor is indeed paramount in the long run because capital gain is fleeting based on "market timing", especially for full time professional investors, so balancing and constructing portfolio with adequate cashflow is important rather than rely on Mr Market
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
Think Asset-Business-Structure (ABS)