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.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com

Welcome to Ministry of Wealth!

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

Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Sunday, 13 June 2021

Winning The Loser's Game (3)

Spur commented on "Sembcorp Ind + 4.9 SML in specie Is Greater Than Sum of parts for Semcorp Ind with 61% SML holding ???"

Jun 2, 2021

Hi Uncle8888, The 8th ed. of Winning The Loser's Game is out. Think you've read the previous editions liao. 😉 Some nuggets from this article about the book: - More important than understanding the market is to understand who you are. "If you don't know who you are, this is an expensive place to find out," Adam Smith famously wrote in The Money Game. - Ellis' key insight for investors is this: The winner is the person who makes the fewest mistakes. To make the fewest mistakes, focus a little less on returns and more on managing risk, particularly the risk of serious permanent loss. I think the main thing new for this latest edition is a chapter on longer duration bonds ... and the conclusion is that they're bad for long-term holding at current prices. Another unspoken conclusion from this article is this: To beat the market on a long-term sustainable basis, you may need to focus on companies/things which are not mainstream & certainly not in the news or covered by 20 bank/broker analysts. 😛

Read? Winning The Loser's Game (2)

CW8888: More important than making fewest mistakes is don't ever make a few large permanent losses which may make us chopped our fingers and never touch the market anymore!

Read? Luckily, Me in Merdeka Generation Didn't Start Younger To Invest/Speculate in My 30s During 1990s

Read? Lost Your Money In Hyflux???

Read? 3M's - Method, Money, Mind (6)

1 comment:

  1. Hi CW,
    Chop hand permanent loss is definitely one to avoid. I am worried about that, hence I have a no bigger than 5 percent at cost of portfolio rule.

    That's only me. In the bloggersloogersphere. You can easily find 2 camps of diversification and concentration play.

    I no balls. I play diversification, so that if one day I kena permanent loss, I need not chop handa


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