tag:blogger.com,1999:blog-28021668.post1708657159630112286..comments2023-10-12T21:12:41.408+08:00Comments on Value Investment - Musicwhiz's Journey: Musicwhizhttp://www.blogger.com/profile/10950754156386935254noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-28021668.post-74007715206502255312008-02-12T19:45:00.000+08:002008-02-12T19:45:00.000+08:00Hello MM,Yes, I've seen that book by Ken Fisher bu...Hello MM,<BR/><BR/>Yes, I've seen that book by Ken Fisher but have not had time to browse through it as I am currently reading another book. Haha so many books, so little time !<BR/><BR/>It is also true that the market can stay irrational for long periods of time, which is why most of the time I just ignore it and stay focused on my companies' businesses. Whether this will work in the long run remains to be seen, but I hope my framework will prove me right or I would have wasted quite a bit of time haha :P<BR/><BR/>Good idea as well to check out that book by O'Neil. I have also seen it on bookshelves but have not had a read yet.<BR/><BR/>Thanks !<BR/><BR/>MusicwhizMusicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-71959145483201972012008-02-12T19:42:00.000+08:002008-02-12T19:42:00.000+08:00Hi donmihaihai,Wow, thanks for the quotes, they ar...Hi donmihaihai,<BR/><BR/>Wow, thanks for the quotes, they are good ones ! Thanks for visiting as well. :)<BR/><BR/>Regards,<BR/><BR/>MusicwhizMusicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-91771320921289275972008-02-09T21:10:00.000+08:002008-02-09T21:10:00.000+08:00Sorry, I mean to say "I buy them to make money, no...Sorry, I mean to say "I buy them to make money, not to prove that I am right and the market is wrong."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28021668.post-22988398002318395492008-02-09T21:09:00.000+08:002008-02-09T21:09:00.000+08:00Hi MW,Interesting piece. If you like, you might wa...Hi MW,<BR/><BR/>Interesting piece. If you like, you might want to consider reading the book The Only 3 Qns that Count by Ken Fisher. In it, he also talks bout the primitive brain with regards to investments. <BR/><BR/>As I reviewed my trades/investments in 2007, my biggest mistakes were to think that my reasoning is correct and the market is wrong...<BR/><BR/>The market is never wrong... though it can be manic depressive at times... like now.. and stay that way for quite some time, and I will get my money tied up in securities that might not show its true value for a long time to come. <BR/><BR/>Hence, I fine tuned my new investment rules to never hold any stocks thro' a correction. <BR/><BR/>I read your comments on How to make money in stocks by Bill O'Neil. I strongly encourage you to read the book with an unbiased view before you decide....<BR/><BR/>It has really helped me to be able to time the market and get out prior to any correction. <BR/><BR/>As far as I am concerned, all stocks are bad and speculative, unless they go up in price. I buy them to make money, not to prove that I am wrong and the market is wrong. <BR/><BR/>Have a happy CNY ;)<BR/><BR/>Cheers,<BR/>MMAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-28021668.post-50879892200665206512008-02-09T15:37:00.000+08:002008-02-09T15:37:00.000+08:00Some insights from Charlie Munger and Bruce Berkow...Some insights from Charlie Munger and Bruce Berkowitz<BR/><BR/>trying not to be over confident is one of the hardest because many times, it is only known after not before the event happened.<BR/><BR/>Charlie Munger gives ways to avoid is to invert. Think back from conclusion to starting point to see the whole process of thinking backward at the same time thinking whether congitive errors and over confidence are being made. <BR/><BR/>Bruce Berkowitz, another superinvestor trys to "kill" the company after the initial conclusion is made. If that company cant be kill, it is something.Anonymousnoreply@blogger.com