Look at John Lee's investment performance result.
Down -14% in 2007
Down - 42% in 2008
Uncle8888 recommended this book. But, if you think his performance is nothing to shout about; then don't bother to read this book.
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Does this book give a detailed example of what his strategy is based on his 10 principles?
ReplyDeleteAdvance investors who do detailed company analysis like yourself may the book lacking in How?
DeleteHe just look at PER and Dividend Yield.
Can borrow from NLB. Don't buy. LOL!
The irony is that most people don't believe using simple valuation method.
ReplyDeleteAny view on John Lee's portfolio return?
DeleteWB (1985): I have seen no trend toward value investing in the 35 years I've practiced. There seems to be some perverse human characteristic that likes to make easy things difficult.
DeleteIt took Lord Lee 16 years to achieve $1m from initial capital of 126K.
ReplyDeletethat's eqial to 14% CAGR.
IMO, it is impressive but to shout about.
Beside selecting the undervalue stock (low cap in Lord Lee case), the critical success factor is able to ride the downturn (2007/08).
DeleteNot many people can do that.
CW888 had shown us he endure the pain in those years, but emerge a winner after the storm pass.
Good doses of panadols from the market as pain killer does help.
Delete:-)
For long only investors, it is a MUST to have the financial and emotional strength to ride the down market. It is unavoidable!
DeleteAll retail long ONLY investors must prepare themselves for this to happen. It WILL happen one day and last for X years!
We can see Lord Lee down -56% and CW8888 down -53% at the last GFC crisis.
DeleteMay be it is quite common to see -40% to -60% drop in market crashes so we should prepare for it and don't come to the stock market with money that may be needed in the next few years since STI is quite high now.
Ha! Ha!
ReplyDeleteWB + someones had said, "If you can not stomach a loss of 50% or more in your stock portfolio, you should have no business in the market". Do you think they were all calling the bluff? You can always try to prove them wrong, yourself.
CW & Lord Lee may be calling bluff?
Ha! Ha!