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Hope this is beneficial for you people out there! How to search for a good stock!
Beginners who want to start investing, you are in luck to read this!
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Using a screen is one way to look for stocks.
But a 'good' stock -- one that you might want to own -- is more than what can be seen from its quantifiable/quantitative data. Some investors, following Graham's style, use only quantitative data to drive their decisions but lower their company-specific business risks by diversifying heavily. Fatal mistakes are more likely to occur when big stakes are decided solely on quantitative data. But whether you wish to diversify, having an understanding of a stock beyond quantitative data will certainly lead to better decisions.
Nobody decides on their spouse just based on what can be quantified -- height, weight, colour of hair, size of eyes, etc -- though that could be where most start off from. Instinctively, people know that it is important to spend some time with their potential spouse, also known as dating -- or if you prefer, due diligence -- to discover and assess their qualitative attributes -- kindness, generosity, humour, music preference, etc -- on top of what is (mostly known) known quantitatively.
Investors will certainly do better if they choose their stocks the way they choose their spouse.
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This raised an interesting point. I am single and I am interested in learning more about relationship as much as investing. Global divorce rate is sitting at 50-60%, not including those that are unhappy but remain married. So perhaps, flipping a coin as a way to decide your future wife isn't a bad option after all. Jokes aside, the commonality between finding a great stock and choosing a spouse is this: you are forecasting the future. So you need to know what to look at: things that doesn't change in the long term. And it is a fact that most of us are bad at picking partners.
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"Keep your eyes wide open before marriage and half shut thereafter." - Charlie Munger
i.e. Invest in a good company at a reasonable valuation. Then hang on and let it ride (as long as fundamental story unchanged).
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
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02-10-2018, 03:32 PM
(This post was last modified: 02-10-2018, 03:33 PM by specuvestor.)
(02-10-2018, 03:05 PM)Wildreamz Wrote: "Keep your eyes wide open before marriage and half shut thereafter." - Charlie Munger
I actually think this is very wise advice in multi faceted ways and situations. Do DD properly and suck it up going forward
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)
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08-10-2018, 10:01 PM
(This post was last modified: 08-10-2018, 10:03 PM by chialc88.)
The best way to start looking for a good stock is fool.com
8 Oct 2018
Today, Stanley Lim just release an interview with a famous fool - David Kuo
link
I always trying hard to look for holy grail.
In particular, I'm mesmerised by following the guru.
Guru like Yeo Seng Chong (himself but not his fund), Hugh Young and morph investments,
just to name three.
After watching the foolish interview,
it's time to pay attentions to the fool in Singapore.
link
Extract on SGX new initiatives from above link:
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(01-11-2019, 03:39 PM)edragon Wrote: We’re sorry, The Motley Fool Singapore is no longer in business. LINK
Wow, I am surprised, there doesn't seem to be any advanced warning(or at least, I have not come across it anywhere), and David Kuo seems to be in the media occassionally. I wonder about their subscribers.
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(01-11-2019, 07:18 PM)dreamybear Wrote: (01-11-2019, 03:39 PM)edragon Wrote: We’re sorry, The Motley Fool Singapore is no longer in business. LINK
Wow, I am surprised, there doesn't seem to be any advanced warning(or at least, I have not come across it anywhere), and David Kuo seems to be in the media occassionally. I wonder about their subscribers.
hi dreamybear,
it was already reported around 3 weeks ago.
https://www.businesstimes.com.sg/banking...ory-issues
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(01-11-2019, 10:52 PM)weijian Wrote: hi dreamybear,
it was already reported around 3 weeks ago.
https://www.businesstimes.com.sg/banking...ory-issues
Thanks a lot weijian - now i have some context.
I am surprised by the no. of paid subscribers : "When the company was set up locally in 2013, it started out with Mr Kuo, his business manager and a mere two subscribers. It has since grown exponentially and amassed over 150,000 subscribers. About 10,000 of them pay between S$200 to S$2000 annually for additional services such as seminars and access to exclusive events."
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