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(14-05-2013, 06:13 PM)greengiraffe Wrote: Absolutely, its TINA times. One just got to understand who is behind the buying now - its real money, no the small men on the streets...
Hence, the need to hunt for stocks with the margin of safety in the event of an unexpected turn - at least can tide over wrong term...
GG
(14-05-2013, 05:15 PM)violinist Wrote: The market can stay irrational longer than you can stay solvent.
I always believe it's the big Fishes (Sharks) that moves the market to either extreme. And the small fishes are herded as sacrificial morsels. That's my strong conviction for years. Correction! Since day 1. of my investment.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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(14-05-2013, 09:23 PM)Temperament Wrote: (14-05-2013, 06:13 PM)greengiraffe Wrote: Absolutely, its TINA times. One just got to understand who is behind the buying now - its real money, no the small men on the streets...
Hence, the need to hunt for stocks with the margin of safety in the event of an unexpected turn - at least can tide over wrong term...
GG
(14-05-2013, 05:15 PM)violinist Wrote: The market can stay irrational longer than you can stay solvent.
I always believe it's the big Fishes (Sharks) that moves the market to either extreme. And the small fishes are herded as sacrificial morsels. That's my strong conviction for years. Correction! Since day 1. of my investment.
Let us be Remora then! 
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(14-05-2013, 10:43 PM)NTL Wrote: (14-05-2013, 09:23 PM)Temperament Wrote: (14-05-2013, 06:13 PM)greengiraffe Wrote: Absolutely, its TINA times. One just got to understand who is behind the buying now - its real money, no the small men on the streets...
Hence, the need to hunt for stocks with the margin of safety in the event of an unexpected turn - at least can tide over wrong term...
GG
(14-05-2013, 05:15 PM)violinist Wrote: The market can stay irrational longer than you can stay solvent.
I always believe it's the big Fishes (Sharks) that moves the market to either extreme. And the small fishes are herded as sacrificial morsels. That's my strong conviction for years. Correction! Since day 1. of my investment.
Let us be Remora then! Ha! Ha!
i just learn a new word.
You are right. We have to learn from Remoras in order to swim with the sharks. How clever of you to to let me know your plan.
On the other hand i may be one of the Remora who has amnesia due to too many "market-extreme psychology traumas."
Sorry for those who like to see quantitative analysis of stock only. (You read at your own risk. Don't complain please.)
We like to talk-cock (bits & pieces) about the psychology of investing and understanding the market general behaviour.
We can always analyse a stock later (at our own risk) if we want to buy it.
Arikato!
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
Posts: 1,045
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(14-05-2013, 11:14 PM)Temperament Wrote: (14-05-2013, 10:43 PM)NTL Wrote: (14-05-2013, 09:23 PM)Temperament Wrote: (14-05-2013, 06:13 PM)greengiraffe Wrote: Absolutely, its TINA times. One just got to understand who is behind the buying now - its real money, no the small men on the streets...
Hence, the need to hunt for stocks with the margin of safety in the event of an unexpected turn - at least can tide over wrong term...
GG
(14-05-2013, 05:15 PM)violinist Wrote: The market can stay irrational longer than you can stay solvent.
I always believe it's the big Fishes (Sharks) that moves the market to either extreme. And the small fishes are herded as sacrificial morsels. That's my strong conviction for years. Correction! Since day 1. of my investment.
Let us be Remora then! Ha! Ha!
i just learn a new word.
You are right. We have to learn from Remoras in order to swim with the sharks. How clever of you to to let me know your plan.
On the other hand i may be one of the Remora who has amnesia due to too many "market-extreme psychology traumas."
Sorry for those who like to see quantitative analysis of stock only. (You read at your own risk. Don't complain please.)
We like to talk-cock (bits & pieces) about the psychology of investing and understanding the market general behaviour.
We can always analyse a stock later (at our own risk) if we want to buy it.
Arikato!
How about doing it this way:
- Know (guess) where the sharks are going
- Stuck to the sharks as they come along
- Let the sharks bring you to where you want to go
- Meanwhile feed on the remains of the sharks' food
- When reach destination, let go
- Wait for the next shark to come
Hmmm... wait a minute, is that investing or speculating?
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(14-05-2013, 06:13 PM)greengiraffe Wrote: Absolutely, its TINA times. One just got to understand who is behind the buying now - its real money, no the small men on the streets...
Hence, the need to hunt for stocks with the margin of safety in the event of an unexpected turn - at least can tide over wrong term...
GG
Beside TINA, I think the Greater Fool theory is also in play. Just last week I sold all my holding at $1.31 to the next fool, so I thought, but looking at the price now, I realized I am the greater fool 
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(15-05-2013, 09:31 AM)Ben Wrote: (14-05-2013, 06:13 PM)greengiraffe Wrote: Absolutely, its TINA times. One just got to understand who is behind the buying now - its real money, no the small men on the streets...
Hence, the need to hunt for stocks with the margin of safety in the event of an unexpected turn - at least can tide over wrong term...
GG
Beside TINA, I think the Greater Fool theory is also in play. Just last week I sold all my holding at $1.31 to the next fool, so I thought, but looking at the price now, I realized I am the greater fool Ha! Ha!
All of us will react like that until one incident after you sell, the market tanks. Then you will react the other way. "Heng Ah, thank my lucky star."
Sooner or later you will come to accept or understand as long as you make money when you decide to sell, you should thank your lucky star too. Why? Don't you think you have the possibility & capability to make money again? Even may be from the same stock. IMO.
JOBLATT says something like that too. (i may spell his name wrongly).
Cheers!
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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15-05-2013, 09:48 AM
(This post was last modified: 15-05-2013, 09:48 AM by CityFarmer.)
(15-05-2013, 09:31 AM)Ben Wrote: (14-05-2013, 06:13 PM)greengiraffe Wrote: Absolutely, its TINA times. One just got to understand who is behind the buying now - its real money, no the small men on the streets...
Hence, the need to hunt for stocks with the margin of safety in the event of an unexpected turn - at least can tide over wrong term...
GG
Beside TINA, I think the Greater Fool theory is also in play. Just last week I sold all my holding at $1.31 to the next fool, so I thought, but looking at the price now, I realized I am the greater fool
IIRC, Warren Buffett always sold not on highest, and bought not on lowest. So does it make him a fool? Hmm... i am convince he is not. what do you think?
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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(15-05-2013, 09:48 AM)CityFarmer Wrote: IIRC, Warren Buffett always sold not on highest, and bought not on lowest. So does it make him a fool? Hmm... i am convince he is not. what do you think?
Yes, you are right, it is impossible to sell at the highest and buy at the lowest. I am just being grouchy. In fact, I wanted to sell when it hit my target price of $1.2, so I already got more than what I asked for. 
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(15-05-2013, 09:56 AM)Ben Wrote: (15-05-2013, 09:48 AM)CityFarmer Wrote: IIRC, Warren Buffett always sold not on highest, and bought not on lowest. So does it make him a fool? Hmm... i am convince he is not. what do you think?
Yes, you are right, it is impossible to sell at the highest and buy at the lowest. I am just being grouchy. In fact, I wanted to sell when it hit my target price of $1.2, so I already got more than what I asked for.
With your logic, i am a greater fool, since i sold mine at $1.2 ha..ha..
I had divested due to higher M&A and transitional risks, and better choices available elsewhere.
(not vested)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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In fact i may be the "greatest fool" here since i started to sell in 2010 till now. Anyone started to sell earlier? Any consolation prize that i may not be the "greatest fool"
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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