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Ah.......!
i like the word "tikam". Even WB the expert in finding intrinsic value has to "tikam". How about us or you? No tikam after finding your "intrinsic" value?
Ha! Ha!
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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I think 95-5 in our favor is possible. I like a simple company with simple product or service that have been around in the market for a long time. Business has been good and will be good for another 5-10 years at least.
Unfortunately most people don't like simple company. They think it's boring, obsolete and cursed. In bull market, price of this ugly company may not go as high as price of the super stock in terms of P/E. But in bear market, people are often over pessimistic especially on stock without exciting story to support. That is time we can find 95-5.
I've also found that longer holding time like 3-5 years can increase odds in our favor too.
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20-07-2013, 11:50 AM
(This post was last modified: 22-07-2013, 07:44 AM by Temperament.)
In 1977 a very sucessful investment GURU said this:-
The Guru is Irving Kahn.
1) Don’t depend on current figures to forecast futures prices; remember many others knew them before you did.
2) Prices are continuously molded by fears, hopes and unreliable estimates; capital is always at risk unless you buy better than average values.
3) Remember that many complex factors—such as accounting choices and the human problems within management and with large shareholders—lie behind reported earnings.
4) Disregard the competition at your peril—they are always attacking your company’s trade position and its earnings.
5) Don’t trust quarterly earnings. Verify reports through the source and application statement. Figures can lie and liars can figure.
My questions:
A) Is there any difference today?
B) If there is no difference, how can retail investors Verify reports through the source and application statement?
By the way what is application statement? Anyone likes to teach us?
Is it the Notes in AR?-- After smoking you with figures they use the Notes to cover their backsides and may confuse you further.
Thanks.
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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22-07-2013, 03:09 PM
(This post was last modified: 22-07-2013, 03:11 PM by NTL.)
According to businessdictionary.com, it is an older type of financial statement summarizing transactions that (1) increased the working capital, such as net income, sale of securities, depreciation, and deference of taxes, or (2) used up cash, such as purchase of machinery and equipment, payment of dividends, repayment of debts, payment of taxes.
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(22-07-2013, 03:09 PM)NTL Wrote: According to businessdictionary.com, it is an older type of financial statement summarizing transactions that (1) increased the working capital, such as net income, sale of securities, depreciation, and deference of taxes, or (2) used up cash, such as purchase of machinery and equipment, payment of dividends, repayment of debts, payment of taxes.
Thanks!
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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