This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!
"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder
"For the things we have to learn before we can do them, we learn by doing them." - Aristotle
It is here where I share with you how I did it!
FREE Education in stock market wisdom.
Think Investing as Tug of War - Read more? Click and scroll down
Arthur Andersen & Enron & Worldcom
ReplyDeleteE&Y & Wirecard & Luckin coffee
Deloitte & Hin Leong
KPMG & Carrilion UK
PWC & AIG & Northern Rock UK
What to do ... diversify & position sizing lorr.
Or pray to tua pek kong LOL.
Lol.... True... Or just keep money in cash... Maybe those with "weaker" balance sheet are more "honest" and conservative.
DeleteI was told by a accountant trained friend and someone in the management that the books need not even be cooked or falsified to give an accurate picture
Same same but different for credit rating agencies?
DeleteCW,
ReplyDeleteWell, so much for "superficial" fundamental investing...
For eg, if someone tells me he earns more than $10K per month as a salesman selling home appliances on the selling floor in a shopping mall, I would smell something is "fishy".
Of course can hit $10K and more, but not EVERY month. Once in a while during boom time Charlie sales periods believable. But EVERY month???
Just like some years back a taxi driver boasted he can earn $6-7K per month easy... Straightaway kenna exposed by other fellow taxi drivers.
Similarly, if you are working in an industry and the usual net profit margin is around 5-10%, and all of sudden this listed company says its making 30-40%...
But if you outsider in that industry, how to do fundamental analysis if you can't read BEYOND the numbers?
Of maybe do what Spur suggests instead?
He must be a 4D player with his tua pek kong....
I'm more a waterloo street Kwan Im Ma guy ;)
LOL!