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Showing posts from July, 2008

The market is always wrong?

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In the recent market crashes, the KLSE fell about 1150 points, a drop of 350 points within 6 months. When the overall market is coming down, analysis tend to lower the target selling price of a company and increase the target selling price when the overall market is trending higher. Whenever stock market has a lot of uncertainties, all stocks good or poor fundamental stocks will hammered down.  However, we always believe crisis means opportunities. The recent drop in market prices creates magnificent investment opportunities. Even though the market may drop further as there are still a lot of uncertainties and outstanding negative news pending announcement, we believe there is great opportunity for long-term investment. Warren Buffer  believes that stock market is manic depressive, it always overreacts to positive as well as negative news. If the overall market sentiment is good, the stock price may surge sky high. However if the stock market is depressive, the stock market may go down

Lessons from Warren Buffett’s guru

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Phillip Fisher says he doesn ’ t want a lot of good investments but a few good outstanding ones.   Q: What can we learn from Philip Fisher?    Philip A. Fisher, one of Warren Buffett’s investment gurus, is known for his philosophy on the qualitative aspects of selecting a good company for investment. Buffett learned qualitative analysis from him.   Fisher got his early education at Stanford Business School . He joined an independent San Francisco bank as a securities analyst in 1928, and founded Fisher & Co, an investment  rganizati  business, in 1931.   According to his book entitled  Common Stocks and Uncommon Profits , one of the most important investment philosophies from Fisher is Scuttlebutt, which he also calls “the business grapevine”, in investing.   Scuttlebutt is the use of the business grapevine to analyse a company. We can obtain the information from customers, employees, suppliers, academics, trade association officers, industry observers, etc. This information is cru

Now Is a Fantastic Time to Be a Value Investor

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The Dow Jones Industrial Average reached its yearly low yesterday. The S&P 500 and Nasdaq are each down a minimum of 12% year to date, too -- and we're talking about broad-market indexes, including Bursa. Now is a fantastic time to be a value investor. Really. With stocks so widely sold off, and with pessimism so pervasive, you should make like a bargain shopper and pick out a few of the values that seem to be screaming, "Buy me!" Of course, it is always difficult to believe that stocks could possibly go up when every day they seem to edge lower. We're human, after all, and a constant downward spiral brings an overwhelming sense of loss and makes us remember prior market crashes, like the Nasdaq bubble at the beginning of this decade or the Black Monday Crash of '87. But if those memories make you want to shun the market, sell your stocks, and move to "safer" investments, let me be blunt: That's a recipe for disaster. The market crashes I alluded

Resort - 2008 Quarter Review

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Received the below article from one of the fried: Income Statement -  Nothing major sticks out like a sore thumb here when comparing Q1/08 to Q1/07.  Revenue grew slightly.  Cost of sales marginal growth.  Gross Profits okay.  Other Income and expenses steady.  Profit from Operations Good.  Finance cost small and improved.  No more big loss from Star Cruises.  Taxes okay.  In short, diluted earnings of 5 sen for Q1/08 looks okay. Balance Sheet -  There's no question Resorts Balance Sheet is very strong.  Total cash recorded under Current Assets is $3.2 Bn.  Under Fixed Assets, there is another $1.4 Bn of what comprises mainly quoted securities. The "other long term investments" recorded at $0.5 Bn does not reflect unrealized gains (per 2007 Annual Report, although I'm not sure what the value is today).  However, the sharp eyes amongst you will have noticed that the sum of these 4 items have actually decreased from Q1/07. The question is where did that money go? A quic

Breath

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我們有左邊、右邊鼻孔,吸氣、吐氣時有沒有一樣? We have left, right nose, is that the same for inhale and exhale? 其實不一樣 ,可以感覺 不一樣;右邊等於是太陽的意思,左邊等於是月亮 . Actually they are different, can feel the difference; right side represent the sun, left side represent the moon.   平常頭痛時可以用手把右邊鼻孔關起 來,只用左邊鼻孔吸氣、吐氣,約五分鐘, 頭痛就好 了。 When having headache, try to close right nose and use your left nose to do your breathing, about 5 min, headache will be gone. &n bsp;   如果疲倦、 累了,相反的關起左邊的鼻孔,只用右邊吸氣、吐氣,不用多久,馬上 精神好起 了。   If you feel tired, do it the opposite round, close your left nose and breathe through your right nose. After a while, you will feel your mind is fresh again.   因為右邊屬於火氣,比較會熱,左邊比較會涼。 Right side belongs to heat, so it gets hot easily, left side belongs to cold.   女生大部分吸氣、吐氣在左邊,所以心比較會涼快。 Most of the girls breathe with their left nose, so their heart gets cold easily.   男生大部分吸氣、吐氣在右邊,所以他們比較會生氣。 Most of the guys breathe with their right nose, so they get angry easily   我們起床時,可以注意哪邊