Billionaire Li Ka-shing: Becoming Hong Kong's Richest Man
15-04-2017, 02:20 PM
Published on 26 Feb 2017 An interview with Hong Kong's richest man, Li Ka-shing. In this interview Li Ka-shing discusses his early interest in business, why cash flow is the most important thing and building his companies, CK Hutchison Holdings and CK Property Holdings. Li Ka-shing also talks of his foundation, Li Ka Shing Foundation, and the philosophy behind it. 
15-04-2017, 05:16 PM
(15-04-2017, 02:20 PM)Wildreamz Wrote: Don't invest like "gambling", i think he said more than twice. But how? What does he means? What investment has no risk?
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.
Same goes to: "Rule #1: Never lose money. Rule# 2 Never forget Rule #1."
My interpretation is, always balance risk and return. Never assume unnecessary risk. 
16-04-2017, 04:00 PM
does it means that if one invest like him he will has no risk? anyway I don't believe the no risk talk. there's always risk but how to manage it and how much you can shoulder
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17-04-2017, 11:54 AM
It's all about risk adjusted gains, ie. expected returns (probability x pay off).
17-04-2017, 12:07 PM
I think Li KS also a good asset trader. E.g. selling Orange at dotcom bubble peak . Top-up lease for a big land plot at bottom of property market. and many others.
To asset trade, means must have money when everyone else have none...and sell out when the greater fool comes along...
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
17-04-2017, 02:24 PM
(17-04-2017, 12:07 PM)opmi Wrote: I think Li KS also a good asset trader. E.g. selling Orange at dotcom bubble peak . Top-up lease for a big land plot at bottom of property market. and many others. i tend to agree. That's why when Hutchison Port l P Oed in SGX, i was suspicious? i mean why not in HK? But can you buy Hutchison Port now? Very high Dividend Yield leh! Is it a good asset now?
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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