tag:blogger.com,1999:blog-6897513886211197509.post8432911280918893030..comments2024-03-28T12:38:11.434+08:00Comments on Singapore Man of Leisure: Income Statement versus Balance SheetSingapore Man of Leisurehttp://www.blogger.com/profile/13774067113884418001noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-6897513886211197509.post-32572934771842977732016-08-21T09:18:28.172+08:002016-08-21T09:18:28.172+08:00SMK,
Asian civilisations have a different memory ...SMK,<br /><br />Asian civilisations have a different memory and view on gold.<br /><br />Too many episodes of wars, famine, disease, failed regimes, and dynasty changes...<br /><br />Asian gangsters deck themselves with gaudy gold chains, rings, watches, etc; for one simple reason:<br /><br />You never know when you'll need to "run road" when all your bank accounts and credit cards were frozen by the authorities!<br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-4978048025953441382016-08-20T23:37:50.320+08:002016-08-20T23:37:50.320+08:00i partially agree at times and partially disagree ...i partially agree at times and partially disagree at times.<br /><br />which times? ;)<br /><br />"For the record, I disagree with Warren Buffett's view on gold. "SMKhttps://www.blogger.com/profile/10968938425811827200noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-60969709771975040872016-08-17T22:46:10.221+08:002016-08-17T22:46:10.221+08:00Sillyinvestor,
Sorli, sorli... My England not pow...Sillyinvestor,<br /><br />Sorli, sorli... My England not powderful.<br /><br /><br />Any number crunching more complicated than primary school math is beyond me :(<br /><br />I have my limitations.<br /><br />Luckily, accounting statements not hard to understand ;)Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-3868068950913132332016-08-17T18:25:17.461+08:002016-08-17T18:25:17.461+08:00I find formula for academic satisfaction, trying t...I find formula for academic satisfaction, trying to explain things that cannot really be effectively explained. <br /><br />I am ok with Graham ratios for adequacy of MoS of bonds. But the rest like a bit ...Sillyinvestorhttps://www.blogger.com/profile/03228581533460899084noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-48820409025552307892016-08-17T18:23:45.224+08:002016-08-17T18:23:45.224+08:00Oh Smol,
Think u misunderstood me. Numbers is imp...Oh Smol,<br /><br />Think u misunderstood me. Numbers is important. Seriously, those business people that look at numbers, they look at DCF, DMM models or whatever Gordon model that look like A maths formula? Sillyinvestorhttps://www.blogger.com/profile/03228581533460899084noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-86975702609899311132016-08-17T09:44:25.222+08:002016-08-17T09:44:25.222+08:00CW,
The market is the great equaliser.
One where...CW,<br /><br />The market is the great equaliser.<br /><br />One where the primary school leaver with his gambling instincts is not afraid to pit his wits against the Phd quant.<br /><br />The same goes for the academic with his market efficient hypothesis and how you can't time the market; yet facing opposite him is the hedge fund professional who practices market timing to seek alpha performance - if not how to justify his 2/20 fees?<br /><br /><br />It's intellectually stimulating for me as I prefer to see investing as a zero-sum game - 2 men walks into the cage; one comes out.<br /><br />Trading is a hardcore MMORPG!!!<br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-20146978006959867782016-08-17T08:19:47.650+08:002016-08-17T08:19:47.650+08:00A market is where all think they are probably righ...A market is where all think they are probably right. Buyers, Sellers, Holders, Researchers, Analysts, "Gurus", and "Waiters/Waitresses". :-)<br />Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-51564913355311935422016-08-17T07:57:44.946+08:002016-08-17T07:57:44.946+08:00Sillyinvestor,
Ah! You are more qualitative biase...Sillyinvestor,<br /><br />Ah! You are more qualitative biased ;)<br /><br />As ex-salesman and purchaser, I have to make educated guesses and find out the numbers of my important customers and suppliers.<br /><br />If you are a supplier to Swiber, would you dare to make a big sale on credit to them?<br /><br />If I am a big customer of Swiber, do you think I would look for a backup supplier?<br /><br />Accounting is the language of commerce. So even someone like me who is weak in math has to be conversant with numbers. What do you think?<br /><br />And yes, the businessmen and money managers I studied ALL will look at the numbers. <br /> <br />Not looking at the numbers is like playing poker without looking at your own cards.<br /><br />Jio me if you want to play Poker OK?<br /><br /><br /><br />P.S. Qualitative investing is all about being subjective. You buy OCBC at $4 as a no brainer; the person opposite who knew the quantitative numbers is glad to offload to you at $4 based on cold logic.<br /><br />It's a tug of war. Hence we have a market!<br /> <br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-15140874983066414722016-08-17T06:06:42.252+08:002016-08-17T06:06:42.252+08:00Smol,
After a while, I find understanding the sto...Smol,<br /><br />After a while, I find understanding the story began The the business more intriguing than the numbers, balance Sheet or whatever. <br /><br />No saying which is more important, there are most properly equally important. But I do think complicated valuation model that looks like university calculus a bit stretching it too far. <br /><br />U think businessmen who "buy business" of bankers/ fund managers do that often meh? <br /><br />Maybe DCF , DCM for reit and businesses that is very cash flow stable possible la.<br /><br />But the assumptions made is too subjective; if every variable I also conservative, u key in u get beat market valuation. Huh OCBC at $4? Who dun know dirt cheap? <br /><br />Walmart at $1.9, sgx $6. <br /><br />I no need a model to tell me, my nose can tell me. <br /><br />But I need a model and tinker with it to convince myself it's cheap enough o buy now lolSillyinvestorhttps://www.blogger.com/profile/03228581533460899084noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-25237468096348880612016-08-16T20:26:48.744+08:002016-08-16T20:26:48.744+08:00Money Honey,
I'm single so there are some top...Money Honey,<br /><br />I'm single so there are some topics what I say will have to be heavily "discounted".<br /><br /><br />All I can add is that mom is always there for me growing up. So its natural I am here for here now.<br /><br />What I noticed is busy and harried parents are the ones who buy "toys" to their children to "compensate".<br /><br />When we "outsource" parenting to maids, why are we surprised when children mimic us by "outsourcing" parental care to nursing homes?<br /><br />What goes around, comes around.<br /><br />"Success" is what we have to give up to achieve it.Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-19035368702651082882016-08-16T18:39:55.817+08:002016-08-16T18:39:55.817+08:00The young generation has the same mentality, mostl...The young generation has the same mentality, mostly. They said,"you give me "nothing" then be sure to get nothing from me when you are old. You give birth to me so you are responsible for me". Their wants can be ridiculous at times - good smartphone with as much data possible, larger pocket money, etc etc. No "gold" for them so not even "gold paper" in return.Money Honeyhttps://www.blogger.com/profile/06816123060281181046noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-78849785104738995392016-08-16T14:24:44.086+08:002016-08-16T14:24:44.086+08:00CW,
I take!
I now am a regular buyer of paper mo...CW,<br /><br />I take!<br /><br />I now am a regular buyer of paper money and incense - mom walk difficult so she now use me as man Friday to do her shopping.<br /><br />7th month gold $3.50 one stack. Unburnt one I accept ;)<br /><br />Karang guni man knows value! Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-65039663478161525042016-08-16T13:53:22.187+08:002016-08-16T13:53:22.187+08:007th month's Gold can exchange for ebook?7th month's Gold can exchange for ebook?Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.com