i am also waiting to get out my last small remaining holdings with this counter.
'1 handful of stocks' versus 'diversification'
It all boils down if '1 handful stocks' are value-traps.
If got it right, of course '1 handful of stocks' outperform 'diversification'
else
'diversification' outperform '1 handful of stocks' over a period of time
I personally think a handful beats diversification.
Simple reason diversification is wat the academics n the norms wans you to think as.
i'm a contrarian, so by following crowd u die.. Inorder to outperform the norm u need to think slight differently.
Having say that i do agree to diversify ur risk across a few assets class, namely property cash stocks insurance, and bonds if you wan to.. So at least wont die altogether.
Got money buy property first, got roof die die wont die.
(22-04-2013, 05:19 PM)kuku Wrote: [ -> ]I personally think a handful beats diversification.
Simple reason diversification is wat the academics n the norms wans you to think as.
i'm a contrarian, so by following crowd u die.. Inorder to outperform the norm u need to think slight differently.
Having say that i do agree to diversify ur risk across a few assets class, namely property cash stocks insurance, and bonds if you wan to.. So at least wont die altogether.
Got money buy property first, got roof die die wont die.
Yep, think Peter Lynch also suggested buy a house before finding baggers.
the family feud n the redev plans appears to come within days.
wonder if got any connection.
if family discord grows n one majority shareholder decides to call it a day, then theoretically a tycoon with 146m to spare could buy his share n scoop up 30% or more of its shares.
he could then get the new 7storey freehold building worth some 60-80m for free, remembering that even at end of todays trade, its at a large discount to the unrevalued nav.
the development of thr family feud must be watched closely.
of course, not to say we wish for family bteakup for our benefit.
(22-04-2013, 10:51 PM)paullow Wrote: [ -> ]...
if family discord grows n one majority shareholder decides to call it a day, then theoretically a tycoon with 146m to spare could buy his share n scoop up 30% or more of its shares.
...
The "family feud" involves only a small segment of the 3rd generation. Hupsteel is run and significantly own by a large mixture of 2nd and 3rd generation family members. The "feud" is a non-event as far as the company is concerned. The same segment group is not unfamiliar with feuds. This one is back in 2010:
http://news.xmhuaren.com/huaren/2010/01/12/1171324.html
Time to brush up my Chinese.
(22-04-2013, 02:08 PM)nitro Wrote: [ -> ]really hard to predict market.
last month - no good news, rocketed till $0.275 with volume
today after good news, rocketed till $0.255 and normalized to $0.240
maybe we can pool some $, and pay Kevin Scully to do coverage.
maybe there are no speculators/punters...the type which are greatly despised by value investors ........
where are they when u need them most?
(23-04-2013, 09:18 AM)camelking Wrote: [ -> ] (22-04-2013, 02:08 PM)nitro Wrote: [ -> ]really hard to predict market.
last month - no good news, rocketed till $0.275 with volume
today after good news, rocketed till $0.255 and normalized to $0.240
maybe we can pool some $, and pay Kevin Scully to do coverage.
maybe there are no speculators/punters...the type which are greatly despised by value investors ........
where are they when u need them most?
Why would value investors despise speculators/punters?
speculate fail become investor lo.. call specuvestor
(23-04-2013, 11:51 AM)kuku Wrote: [ -> ]speculate fail become investor lo.. call specuvestor
it's more like watching people play mahjong actually... interesting to watch.