Kingsmen Creatives

[CityFarmer]

Today threads on King's Men capture the Greed and Fear and turn valuebuddies into tikam tikam. (ok, I might be wrong, some says dollar averaging.)

At one point in time ( 7:50am ), was tempted to tikam tikam but decided that there are too many excellent counter to bet my money.

9:35am - no panic selling confirmed my decision. Ignore this stock for today. Wait till newspaper report and then and decide again next week.

<not vested>

Someone once wrote:-

When it comes to stocks most investors make the pretense of trying to own value when in fact all they care about is the price of the security.

Stock guys can give you a very nice story about growth and valuation but at the first sign of price declines they will bail.

It's times like this that we get to know our buddies better... We see how each of us can have different interpretations from the same piece of news.. How risk averse, how decisive, how analytical, how experienced,.. each of us can be.. Ain't it great to have diversity...

No, I don't see it as a case of how more / less of a Value Investor one is, but rather it shows how each of us handles our risk-reward based on our own individual interpretations and temperament.

For eg., in my case, if Kingsmen had been a huge % of my portfolio, I'd likely have reduced my stake as this new unexpected event had created much uncertainty and I'd see it as too high a risk to have too much exposure. If my holding had been only a tiny % of portfolio, I may either sell all if I deem it not to be worth my time or increase my stake depending on how attractive my current alternatives are.

Even my newly acquired stake, I can't guarantee how long I'll be holding as new info may emerge to show that I'd seriously misjudged the situation...

Different approaches by each individual.

KopiKat following a approach of poker player, never know his next move unless a new card unfolded.

I am more and less the same approach, but more like a mahjong player which next move highly dependent on each new tile discarded.

My apologies if it sound more like a casino, rather than a value investor forum