Tuesday, 7 December 2010

Stock Picking is like Choosing your own durians?



After a few bad experiences with some durians vendors who will insist that the durians opened up are good enough to be eaten and you have to take them. Since then, I decided to learn to DIY (choosing my own durians and open them myself at home). Since it is DIY and I am no expert in choosing durians, I will have to buy  more (around 8-10 depending on the size) and bargain for 2-3 more FOC durians to compensate for bad durians. I will always expect to throw a few bad or not-so-good durains and it is EXPECTED!

Similarly, for stock picking for my DIY Portfolio I will always EXPECT to throw a few bad counters. So far I was hit by two counters that went to ZERO and by now probably I may have learned enough to avoid picking that next ZERO counter.


1 comment:

  1. Ya,
    My counters that went like the bad durians cost me UTD to the tune of 80K - 90k. after all these donkey years.
    Now who can say he/she never pick bad durians? Not even once?
    I must be very careful from now on. No joke O. K.!

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