中國國務院總理李克強指出，中國願意加強與大馬的金融合作，中國願意按市場購買大馬的國債，並且在大馬發放人民幣債券。
李克強指出，中國希望內需可成為大馬的商機，他有信心中馬的投資前景廣闊。 中國國務院總理李克強趣談大馬果王榴槤時說，很多中國人告訴我，第一次吃（榴槤）可能會很難受，第二次吃會很難忘，而第三次吃就會忘不了。” 中國總理李克強今早10時抵達吉隆坡香格里拉大酒店，並趕在馬中經濟高層開始前，與副首相拿督斯里阿末扎希、第二貿工部長拿督斯里黃家泉及大馬10大富豪進行短時間會面。 這10人包括常青集團兼世華媒體集團執行主席丹斯里張曉卿爵士、丹斯里郭鶴年長子郭孔丞、楊忠禮集團創辦人丹斯里楊忠禮、IOI集團主席丹斯里李深靜、亞航集團創辦人丹斯里東尼費南達斯、馬來西亞中華總商會（中總）總會長拿督戴良業、吉隆坡甲洞首席執行員拿督斯里李愛賢、聯昌銀行首席執行員拿督蘇萊曼及國庫控股首席執行員等。
Showing posts with label market. Show all posts
Showing posts with label market. Show all posts
22 November 2015
15 September 2015
Sharing: How To Invest Like Warren Buffett
WARREN Buffett is the third richest person on Earth with a net worth that’s north of US$60 billion (RM258 billion).
I remember in 1992, while interviewing my friend Tan Teng Boo for Malaysian Business magazine, I asked: “Who is Warren Buffett?” Tan told me in enthusiastic detail. In the intervening decades, Tan, a fan and student of Buffett, has racked up a fine record as a fund manager.
In recent months, before global volatility spiked, Tan sold profitable equity positions and raised the cash levels of his domestic and international funds. Initially, as markets continued rising, his moves elicited disdain; but the grumbles gave way to respect for Tan as cash has been the best performing and most defensive asset class in the current global market turmoil! What I have gleaned from studying Buffett’s annual letters to shareholders of his investment vehicle Berkshire Hathaway and several biographies has helped me better serve my financial planning clients. Warren Edward Buffett was born in Omaha, Nebraska, the United States, on Aug 30, 1930. His father was a stockbroker whom the younger Buffett adored. In later years, Buffett attributed the honing of his mental investment framework to two teachers: Benjamin Graham (85 per cent) and Philip Fisher (15 per cent)! Over the last half century, Buffett has used the balance sheet of his company, Berkshire Hathaway, as “a canvas to paint” an economic masterpiece through judicious stock investments and the wholesale purchase of businesses.
Here are four less-ons from numerous Buffett-derived principles which I have taught my clients:
1. Nurture emotional strength When times are good, it is easy for all of us to label ourselves investors. But what separates the men from the boys is the ability to keep a cool head when everyone else is terrified by imploding markets. You see, markets rise and fall… with certainty but unknown periodicity and magnitude! So, as Buffett once wrote: “Unless you can watch your stock holding decline by 50 per cent without becoming panic-stricken, you should not be in the stock market.”
2. Know the difference between value and price The best way to make money is to buy low and sell high. Only those who truly internalise this principle can grow wealthy through investing. On March 16, 1979, Buffett explained in his 1978 letter to shareholders: “We continue to find… small portions of really outstanding businesses that are available, through the auction pricing mechanism of securities markets, at prices dramatically cheaper than the valuations inferior businesses command on negotiated sales.” Today, more than 36 years later, local and global markets are roiling from Chinese securities markets, commodity and currency downturns. Therefore, countless opportunities will arise for you to identify the yawning gaps between intrinsic economic value and temporarily depressed prices.
3. Allocate capital wisely Buffett has long maintained that his one core skill was capital allocation. When he took over Berkshire Hathaway half a century ago in 1965, it was a struggling New England textile maker. He then allocated the dwindling stream of cash flow from the ailing concern into businesses with brighter prospects. He diverted Berkshire’s free cash flow into positions in general insurer Geico and other undervalued listed companies. So, by the time Buffett shuttered the last Berkshire textile plant in 1985 his reinvented investment holding company enjoyed cash gushing in from diversified insurance, retailing, media, banking and confectionery operations.
4. Maintain large cash reserves for stability and opportunistic flexibility In his 2008 letter (published February 27, 2009) to shareholders, Buffett wrote: “I have pledged — to you, the rating agencies and myself — to always run Berkshire with more than ample cash. “We never want to count on the kindness of strangers in order to meet tomorrow’s obligations. When forced to choose, I will not trade even a night’s sleep for the chance of extra profits.” So, for the tough road ahead, I encourage you to tap into this incomparable wisdom by studying his Berkshire shareholder letters (www.berkshirehathaway.com/letters/letters.html).
Source : How To Invest Like Warren Buffett
I remember in 1992, while interviewing my friend Tan Teng Boo for Malaysian Business magazine, I asked: “Who is Warren Buffett?” Tan told me in enthusiastic detail. In the intervening decades, Tan, a fan and student of Buffett, has racked up a fine record as a fund manager.
In recent months, before global volatility spiked, Tan sold profitable equity positions and raised the cash levels of his domestic and international funds. Initially, as markets continued rising, his moves elicited disdain; but the grumbles gave way to respect for Tan as cash has been the best performing and most defensive asset class in the current global market turmoil! What I have gleaned from studying Buffett’s annual letters to shareholders of his investment vehicle Berkshire Hathaway and several biographies has helped me better serve my financial planning clients. Warren Edward Buffett was born in Omaha, Nebraska, the United States, on Aug 30, 1930. His father was a stockbroker whom the younger Buffett adored. In later years, Buffett attributed the honing of his mental investment framework to two teachers: Benjamin Graham (85 per cent) and Philip Fisher (15 per cent)! Over the last half century, Buffett has used the balance sheet of his company, Berkshire Hathaway, as “a canvas to paint” an economic masterpiece through judicious stock investments and the wholesale purchase of businesses.
Here are four less-ons from numerous Buffett-derived principles which I have taught my clients:
1. Nurture emotional strength When times are good, it is easy for all of us to label ourselves investors. But what separates the men from the boys is the ability to keep a cool head when everyone else is terrified by imploding markets. You see, markets rise and fall… with certainty but unknown periodicity and magnitude! So, as Buffett once wrote: “Unless you can watch your stock holding decline by 50 per cent without becoming panic-stricken, you should not be in the stock market.”
2. Know the difference between value and price The best way to make money is to buy low and sell high. Only those who truly internalise this principle can grow wealthy through investing. On March 16, 1979, Buffett explained in his 1978 letter to shareholders: “We continue to find… small portions of really outstanding businesses that are available, through the auction pricing mechanism of securities markets, at prices dramatically cheaper than the valuations inferior businesses command on negotiated sales.” Today, more than 36 years later, local and global markets are roiling from Chinese securities markets, commodity and currency downturns. Therefore, countless opportunities will arise for you to identify the yawning gaps between intrinsic economic value and temporarily depressed prices.
3. Allocate capital wisely Buffett has long maintained that his one core skill was capital allocation. When he took over Berkshire Hathaway half a century ago in 1965, it was a struggling New England textile maker. He then allocated the dwindling stream of cash flow from the ailing concern into businesses with brighter prospects. He diverted Berkshire’s free cash flow into positions in general insurer Geico and other undervalued listed companies. So, by the time Buffett shuttered the last Berkshire textile plant in 1985 his reinvented investment holding company enjoyed cash gushing in from diversified insurance, retailing, media, banking and confectionery operations.
4. Maintain large cash reserves for stability and opportunistic flexibility In his 2008 letter (published February 27, 2009) to shareholders, Buffett wrote: “I have pledged — to you, the rating agencies and myself — to always run Berkshire with more than ample cash. “We never want to count on the kindness of strangers in order to meet tomorrow’s obligations. When forced to choose, I will not trade even a night’s sleep for the chance of extra profits.” So, for the tough road ahead, I encourage you to tap into this incomparable wisdom by studying his Berkshire shareholder letters (www.berkshirehathaway.com/letters/letters.html).
Source : How To Invest Like Warren Buffett
14 September 2015
Why so serious? Have some fun guys :)
No matter how bad the market going to be... we should stay happily... have fun!!!
still learning and always will be... to be continued... LOL
:)
13 September 2015
Are you ready for the Market?
Have you ever wonder, why are so many analysts/ medias/ or even government are still telling you that "NO BIG DEAL" for current market? Have you ever feel or thought of another crisis is near the corner? Yeah, I think is time to sit down and think about this before entering the mist(so hazy). Stop believing the positive news! Why? Well, take a look at these
- world indices(just look at Malaysia will do)
- gold(from highest 1900USD/oz till now around 1100USD/oz)
- RM(depreciated 18% since Jun, just only 3 months? Well... not so much only... Our "smart" ministers said is beneficial for export and so)
- weak commodity price(Crude oil to around 45USD/barrel)
- however, regards the local "Good" news inside Malaysia. We are proud to present GST and 1MDB and "Good" leader(donations from middle east, many more coming) and Foreign fund saying sayonara and Foreign reserve going low and so many more... sigh...
See for yourself, don't positively think the market will be better in near terms as "Many" are covering it up with positive news! This slow down, will somehow benefits to those who are ready but definitely not the newbie(or whom not aware)... In facts, these are signs showing bear is more stronger than bull.
Sigh(disappointed)... go oversea -> think twice(weak RM), stay within Malaysia -> hard(super inflation, money seems so small now), and investment -> difficult(not pro). Only one word can describe "Suffer"!
Sigh(disappointed)... go oversea -> think twice(weak RM), stay within Malaysia -> hard(super inflation, money seems so small now), and investment -> difficult(not pro). Only one word can describe "Suffer"!
Hope you enjoy reading, good luck and to be continued...
Still learning and always will be :)
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