I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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Friday, 18 November 2011

Bolton again!

I wrote in Nov 2009 Cash Is King?

Bolton's china fund takes a beating

Lost -29% of NAV in six months to Sep 30.

Bolton said:

"It  was a real lesson for me. I was wrong. In this business of probabilities, they are many times I'm wrong. But, it's darkest before dawn."

"The most difficult thing about investment is not about what the future looks like but what future is discounted in today prices. If future looks bad and everyone becomes risk averse, that's a far less risky world."

"This is the time to be optimistic and go against the trend. The most dangerous times are opposite, when everyone's happy."



Posted by Createwealth8888 at 07:59
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2 comments:

  1. Singapore Man of Leisure18 November 2011 at 14:58:00 GMT+8

    I got to admire this Bolton guy! Down 29%, admit he is wrong, and then go on to say it's time to go against the trend and be optimistic!?

    It reminds me of the Monty Python sketch of the Black Knight. Lost his arms and legs; but bravely say "it's only a scratch"!

    LOL!

    ReplyDelete
  2. Createwealth888818 November 2011 at 15:11:00 GMT+8

    Iron teeth or Dead duck whose mouth still remain harden. LOL

    ReplyDelete

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