Make money 'without actual work'

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#11
(31-03-2013, 08:00 AM)Musicwhiz Wrote: ...
His best stock has been Elite KSB Holdings, which he sold for a profit of close to 50 per cent after holding it for a few months. He picked it after finding out that it was selling its core meat-processing business. He then checked its annual report and worked out a value that was substantially higher than its price then.

That did not call for a celebration, though. "To me, money is like a game. I don't have an emotional attachment to it. It's just a medium. It's like doing well in a test."

...

Spot familiar stock name... Elite KSB... oh.. found a buddy.

I saw a group of young shareholders in the latest AGM. Probably he is one of them. I was a bit surprise to see young investors interested on Elite KSB, which is less popular. Big Grin
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#12
Buying shares and making money is good.
Starting a company, growing it and eventually selling shares is even better. Smile
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#13
Personally I find some of the condescending comments by 'value investors' increasing tiresome. Dodgy

Sure in a rising market, some of the winners may perhaps be dismissed as being 'lucky' and having bought at the 'correct' time.

But I would like to say that 'value investing' is not the 'be all that end all' in investing. And I also like to suggest that some of the winners in the stock picks by 'value investors' is also down to timing and yes - luck.

Let me ask you guys a question: Have you ever come across a company that you think is a value proposition but for some unfathomable reasons, it seems to be persistently undervalued by Mr. Market? Why? You can keep on beating the drum and say that this company has a fantastic moat, good fundamentals and sustainable earnings, but if no one is listening or paying attention, does it matter if you are a one-member cheer-leading squad? Of cos not.

So I won't dismiss 'traders' so much; just like I always feel that the word 'investors' is probably over-stated and over-rated. Sleepy
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#14
Starting a company requires a lot of planning, guts, good financial and talent managment. Many fail. The few who succeed had gone through thick and thin. That is the reason many start via franchising to minimise the failure risk.

Personally, I prefer to invest my money in profitable and well managed companies that distribute an increasing dividend annually.

Alternatively, I helped my aunty with 2 annuities. One that pays her monthly and the other annually. Both has increased payout to her annually.
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#15
(01-04-2013, 07:37 PM)lonewolf Wrote: Personally I find some of the condescending comments by 'value investors' increasing tiresome. Dodgy

Sure in a rising market, some of the winners may perhaps be dismissed as being 'lucky' and having bought at the 'correct' time.

But I would like to say that 'value investing' is not the 'be all that end all' in investing. And I also like to suggest that some of the winners in the stock picks by 'value investors' is also down to timing and yes - luck.

Let me ask you guys a question: Have you ever come across a company that you think is a value proposition but for some unfathomable reasons, it seems to be persistently undervalued by Mr. Market? Why? You can keep on beating the drum and say that this company has a fantastic moat, good fundamentals and sustainable earnings, but if no one is listening or paying attention, does it matter if you are a one-member cheer-leading squad? Of cos not.

So I won't dismiss 'traders' so much; just like I always feel that the word 'investors' is probably over-stated and over-rated. Sleepy

Yes, i had came across, but i might not need to beat the drum to drive the price up. If the valuation is right, the value (or in simplicity the NAV) of the company will continue to go up, till one day, Mr Market will pay attention to it. If the valuation is wrong, then too bad.

In short term, the stock market behaves like a voting machine, but in the long term it acts like a weighing machine. It is not from me, but Benjamin Graham. Big Grin
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#16
(01-04-2013, 07:37 PM)lonewolf Wrote: Personally I find some of the condescending comments by 'value investors' increasing tiresome. Dodgy

Sure in a rising market, some of the winners may perhaps be dismissed as being 'lucky' and having bought at the 'correct' time.

But I would like to say that 'value investing' is not the 'be all that end all' in investing. And I also like to suggest that some of the winners in the stock picks by 'value investors' is also down to timing and yes - luck.

Let me ask you guys a question: Have you ever come across a company that you think is a value proposition but for some unfathomable reasons, it seems to be persistently undervalued by Mr. Market? Why? You can keep on beating the drum and say that this company has a fantastic moat, good fundamentals and sustainable earnings, but if no one is listening or paying attention, does it matter if you are a one-member cheer-leading squad? Of cos not.

So I won't dismiss 'traders' so much; just like I always feel that the word 'investors' is probably over-stated and over-rated. Sleepy

I will readily admit I sometimes do pass remarks which are rather harsh and will therefore try to temper them in future. As a Moderator I also have to moderate my own remarks! Haha. Tongue So I do apologize if the remarks have offended anyone. Smile

You made a very valid point about value investing - luck does play a part too for value to be realized, or else a catalyst will take place to ensure value is crystallized.

That said, I think the primary aim of value investing is to ensure an adequate return, and dividends do provide that return even as we wait for value to be crystallized. Margin of safety will ensure capital preservation and the upside, as they say, should take care of itself.
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/
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#17
(01-04-2013, 09:31 PM)CityFarmer Wrote:
(01-04-2013, 07:37 PM)lonewolf Wrote: Personally I find some of the condescending comments by 'value investors' increasing tiresome. Dodgy

Sure in a rising market, some of the winners may perhaps be dismissed as being 'lucky' and having bought at the 'correct' time.

But I would like to say that 'value investing' is not the 'be all that end all' in investing. And I also like to suggest that some of the winners in the stock picks by 'value investors' is also down to timing and yes - luck.

Let me ask you guys a question: Have you ever come across a company that you think is a value proposition but for some unfathomable reasons, it seems to be persistently undervalued by Mr. Market? Why? You can keep on beating the drum and say that this company has a fantastic moat, good fundamentals and sustainable earnings, but if no one is listening or paying attention, does it matter if you are a one-member cheer-leading squad? Of cos not.

So I won't dismiss 'traders' so much; just like I always feel that the word 'investors' is probably over-stated and over-rated. Sleepy

Yes, i had came across, but i might not need to beat the drum to drive the price up. If the valuation is right, the value (or in simplicity the NAV) of the company will continue to go up, till one day, Mr Market will pay attention to it. If the valuation is wrong, then too bad.

In short term, the stock market behaves like a voting machine, but in the long term it acts like a weighing machine. It is not from me, but Benjamin Graham. Big Grin

For those who thinks it's mostly luck, perhaps the smart thing to do would be to take profits before their luck runs out....Big Grin
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ,百战不殆 ;不知彼 ,不知己 ,每战必殆 ------------
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#18
Now this looks impressive as well as persuasive. I have been reading out a little bit of Warren Buffet and had been really impressed by his theory's and his thinking. His 10 most basic facts he told was quiet a learning thing there and here again reading about Mr.Yeo helps a lot. So i agree with Weijien and let us gladly welcome the new comers with open arms Smile
new house builders Melbourne
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#19
The bulk of the investors here I will say are just normal investors buy and sell on opportunity sometimes turning speculator sometimes becoming "value investors"

I think true value investors you will find very very few in this forum who stay invested and just collect dividend regardless whether market up or down whether it cheong or crash. When it crash they will plonk more cash down to buy even more. But is a very hard discipline it's like being a fishermen just focus on going after a few of the species and not whatever opportunities that present itself.

out of 10 in this forum I will say 1 or 2 are real true value investors. The rest just taking on the name only.
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#20
(03-04-2013, 10:03 AM)sgd Wrote: out of 10 in this forum I will say 1 or 2 are real true value investors. The rest just taking on the name only.

How would you determine if a person was a "real" value investor or just in name? I think you would have to observe his behaviour as well as performance over an extended period of time, right? Therefore, what makes you conclude that only about 10% to 20% of the forumers here represent ""true" value investors? Huh
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/
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