The benefits of value investing

[Behappyalways]

The 1st step to value investing is to recognise a horse from a bunch of donkeys.

I supported and spent time building up a database (past history) in investideas because on and off a company will appear attractive but when you decide to explore further by looking at its past history, you will haha and walk away.

Examples are Econ healthcare investment in HK stocks, Malaysia supermax's aircraft fiasco. These are information you do not get to see in other forums. Financial numbers are one important factor in investing but there are other factors like integrity etc etc

By the way I am not implying that these two companies are attractive.

[Yoyo]

The 1st step to value investing is to recognise a horse from a bunch of donkeys.

This quote seem to suggest that a horse is more superior to a donkey.  I personally felt that it has done much injustice to our donkey friends.

Interesting facts - https://www.habitatforhorses.org/interes...key-facts/
For thousands of years donkeys have been the ‘helping hooves’ of humankind – they are the original beasts of burden. In many countries of the world, and in many situations, they are used as the preferred mode of transport. Donkeys are much more of an all terrain animal than horses. Donkeys are in fact a highly intelligent animal despite popular misconception.
Donkeys can live for over 50 years
Donkeys are very strong and intelligent
A donkey is stronger than a horse of the same size.

In term of survival - Hyena vs donkey
https://www.youtube.com/results?search_q...+vs+donkey
The same cannot be said for horse.

I believe in the eyes of farm owners, a donkey is more valuable than a horse - Don't mess with the donkey.

Guardians of the Galaxy Donkey

[i4value]

I think Graham invested in donkeys while Buffett invested in horses. Moral of the story? There are many ways to skin the cat.

[Behappyalways]

Charlie Munger shifted Warren Buffett's investing idealogy from cigarette butt investing.

Warren Buffett famously quotes Munger, “Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices.”

Many 'cheap' companies are really value trap. Take many years to realise their value until a catalyst appear.

I think many of us here are past fans of Sing Holdings. Nothing will happen till North Gaia TOP which is 1-2 years from now. Although I admit the company is well run.

Hence I agree with Warren that one should not swing his bat till you are very sure although you can still be wrong. If one is not careful and swing his bat 'regularly', he most probably be stuck with his 'hits' for years. Maybe 5-7 years....hee hee call it value trap if you like

[i4value]

I think the "swing the bat" analogy is about waiting till you find the best investment. It is not about how long you hold onto a stock after you have invested in it. Neither Graham or Warren talks about being able to crystalize the gain after a few weeks or months. But unfortunately this is the time frame for many investors.

[Behappyalways]

股神巴菲特為何看好比亞迪？陳鳳馨揭王傳福是波克夏「甜蜜意外」【Yahoo TV#風向龍鳳配 】
https://m.youtube.com/watch?v=OgYsoWL-CF0