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A World Without Buffett
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sohguanh
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21-Aug-2007 11:41
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singaporegal: ur observation is same as mine. the average joe is hard to reach the status as those big players who are businessmen or have huge capital to play. wat i am looking for is not to reach their status but to take abit more risk to earn more monies than my current FD, insurance etc. i treat the profits make from stocks as complement added income to my monthly salary. tat is why i am still working full time and only dabble in stocks as complement and not as main income source. |
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Fairygal
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21-Aug-2007 11:33
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Probably Peter Lim can share with us his secret? |
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singaporegal
Supreme |
21-Aug-2007 11:26
Yells: "Female TA nut" |
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I've been thinking of this for some time - is it possible to get rich simply by playing the stock market? In my observation, those people who make big money from the stock market are usually businessmen who already have a large amount of money. Small timers can chip away at the profits but it will be difficult to make a fortune from just the stock market alone. I'm talking about average joe, not the big time gurus like Buffet. |
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ten4one
Master |
21-Aug-2007 09:48
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I think our own Mr Oei Hong Leong is what I called 'the modern day Warren Buffett.' ! He (Mr Oei) is very shrew and smart businessman. I respect the man for the ways he reads the Market. He buys, sells (even for a loss) and holds but never forever! Cheers! |
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ltvalue
Senior |
20-Aug-2007 19:10
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Ken Fisher in his book The Only Three Questions that Count also mentioned that we should view Buffett as a great manager of a great insurance company instead of simply as an investor. As all good stocks, Berkshire has greatly enhanced the wealth of its owners. I'm just thinking that if he like the company very much he can actually take a company private which normal investors can't...so do you think his 'ideal' method of buy and hold forever, really works in real life? |
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terry138
Member |
20-Aug-2007 16:07
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all should take note of ten4one advise. vest wisely ! |
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baseerahmed
Master |
20-Aug-2007 13:20
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yeah .. i agree with ten4one .. noone can repeat exactly what WB had done .. he may have been at the right time and the right place ... and maybe that's what it was supposed to be .. just like many other uniques in the world ...can we have an exact copy of LKY today....or Bill Gates ... ? hahaha ! |
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elfinchilde
Elite |
20-Aug-2007 13:17
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agreed, ten4one! |
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ten4one
Master |
20-Aug-2007 12:46
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Whatever you do in the Stock Market, don't try to be a Warren Buffet. That doesn't mean that don't read his books - read by all means and enjoy them! You and I can never be a WB. You & I will be better off just being ourselves and do what we know and do the best according to our abilities. What WB did long time ago may not be applicable in today's environments. I feel that each and every situation needs different applications and 'handlings' , especially so, in today's fast moving Markets. I like the man for his simplicity in life! Cheers! |
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Farmer
Master |
20-Aug-2007 11:35
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If you're interested, go to the NYSE and find out more details and its history about how it out perform WB's BH over the decades. However, this compay is very low in profile. Here is a brief summary: Danaher Corp NYSE Symbol DHR Business Summary CORPORATE OVERVIEW. Danaher Corp. is a leading maker of hand tools and process and environmental controls. Following the end of 2006, the company has four reporting segments: professional instrumentation (30% of 2006 sales), industrial technologies (almost 33%), tools and components (14%), and medical technologies, formerly included in professional instrumentation (23%). The professional instrumentation segment offers professional and technical customers various products and services that are used in connection with the performance of their work. The industrial technologies segment manufactures products and sub-systems that are typically incorporated by original equipment manufacturers (OEMs) into various end-products and systems, as well as by customers and systems integrators into production and packaging lines. The tools and components segment encompasses one strategic line of business--mechanics' hand tools--and four focused niche businesses--Delta Consolidated Industries, Hennessy Industries, Jacobs Chuck Manufacturing Company, and Jacobs Vehicle Systems. Sales in 2006 by geographic destination were: U.S. 51%, Europe 30%, Asia 12%, and other regions 7%. CORPORATE STRATEGY. The company's strategy is to expand revenues through a combination of internal growth and acquisitions. We expect the company to continue its tradition of successful acquisition integrations. |
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elfinchilde
Elite |
20-Aug-2007 10:57
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hi farmer, would you like to share more about danahers? :) |
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Farmer
Master |
20-Aug-2007 10:49
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Well actually, WB isn't the best investor around. There're other's who can outperform his vehicles over the last 2-3 decades but in a smaller scale instead. Anyone heard of Danahers Corps? |
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elfinchilde
Elite |
20-Aug-2007 10:36
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doctors etc becoming traders...hm. mebbe cos in our society, which is very face-conscious, traders are regarded as not having a 'decent' job? plus, that not all ppl are cut out to be traders either. but yea, i'd like to learn from a veteran trader! he/she would have the experience. :) keke, wonder if ipunter was a trader before.... |
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sohguanh
Veteran |
20-Aug-2007 10:31
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elfin:what i'd like to know tho, is a comparison of buffett's rate of returns versus a trader of the same class as him. who is more successful? i'm afraid it is hard to measure for the simple fact traders goes in and out so frequently at different times of a year. and if trading is such a lurcrative business to be, we would see lotsa doctors, lawyers, engineers, nurses, teachers, businessmen etc etc abandon their current profession to go full time into trading full time. i believe full time trading is still viable but only for the selected minority who can control their emotion and greed and know when enuff is enuff to withdraw. we can perhaps ask some 1980's veteran traders still trading today to give their opinions on being a trader? i tink it is even more worthwhile for those veteran traders to publish books and give seminars than do the actual trading which is a phenomenon i see nowadays :) |
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elfinchilde
Elite |
19-Aug-2007 16:47
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buffett's principles are not easy to follow. takes ppl who are willing to sit in for a long period of time (read: years, not months, not days), and have sufficient cash to buy in every dip. his style of value investing necessarily means you have to have a huge capital to begin playing with. or that you are willing to wait years for it. actually, technically, one can explain why buffett is so successful. and it is less of the logic of 'picking good stocks', but more the logic of probability. markets move 80% in 20% of the time. that is the fact. buffett is successful because everyone knows him. that is also a fact. what i'd like to know tho, is a comparison of buffett's rate of returns versus a trader of the same class as him. who is more successful? perhaps we'll find that at the end, the markets are simply a game of probability, the mathematics of emotions. that the value of a company has no significant correlation with the value of its stock. and perhaps ultimately, the one thing that no one ever teaches another in the stock market--since almost everyone is only interested in proving that they are the best, or that they are right, or that they have the one 'golden' method of success-- one can win in the market if and only if one plays with his personality, not against. there is, in fact, no single method that can claim to succeed the best. |
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ongjeremiah
Member |
19-Aug-2007 16:21
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One of the principles of value investing I always follow and apply is to allow for an appropriate margin of safety for your prospective purchase. The forecasts that we have put in place, and the valuation that we have derived could be easily derailed by some unforeseen circumstances. It also helps to enforces a strict discipline of not over-paying for a stock, no matter how bright its prospects could be. This principle has served me well tremendously, allowing me to sleep peacefully through the nights. |
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joeyhops
Member |
16-Aug-2007 00:10
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When i first started out, i thought that reading all these buffet,lynch,graham material will teach u a sure fire method to do successful stock picking. Now that i'm actually applying my investment knowledge, i realise its not the case. But the principles that i learnt from these wise investors are definitely larger than life in the market. Principles like price does not equate to value. And its true. In gd times every tom dick harry can say, oh i'm a value investor.Throw up a a quarter report with dipped earnings and the stock corrects overnight. So much for value and long term. But after saying all that, i'm still pretty novice. Perharps the more experienced ones could give their own pt on view on value? Joeyhops. |
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ltvalue
Senior |
15-Aug-2007 22:52
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I think that we can all learn from the wisdom of Warren Buffett, arguably the best investor in the world. His advocacy of rational and business like investing is especially important in times like this, where short term woes are causing much fear in the investing community. I have learnt a lot from his annual letters to shareholders, his thoughts and investing mindset is clearly distilled in these letters. Perhaps we can also read and reflect on why he's happy buyer of homebuilders when everyone else is selling these stocks down. www.berkshirehathaway.com/letters/letters.html ?If you expect to continue to purchase stocksthroughout your life, you should welcome price declines as a way to add stocks more cheaply to your portfolio.? WARREN BUFFETT |
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Z040069
Member |
15-Aug-2007 16:25
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well its not too late for you to realise how to pronounce his name correctly. Do read up more about him. It may seem easy to understand how he invests but its not that easy to follow in his footsteps. Patience is what everybody knows and not many has |
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littlemiss
Member |
15-Aug-2007 15:47
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it was only last year that i found out "buffett" was not supposed to be pronounced "boo-fay". since then, upon reading up on this remarkable human being who isn't only a legend (and that's saying alot cos most legends have to be dead before they're deemed legends) but is also a humble, down-to-earth man, i've come to know what a hugongous (for lack of a better word) influence he has on future investors and the markets today. in here let's air our views on what we think of our man warren, be it good or not-so-good, and some of the poignant lessons we can gather from his investment philosophies that apply to our everyday lives. |
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