Masters are Everywhere..

Over the weekend Dr Neoh Soon Kean, dubbed as the father of Value Investor of Malaysia, spoke at InvestSmart Fair 2017 and shared his "secret" tips of success.  Some of his "tips" that includes one must be prepared to lose 100% in a particular stock and the importance of diversification, diversified into 30 stocks. Many forumers and stock investors/traders have commented and expressed different views.
Looking at his impressive return over the very long term, I am sure there are many things we can learn from him and adapt the approach to our own situation eg if we do not have large capital, I reckon trying to buy into 30 stocks may sound a bit challenging. I believe the notion "be prepared to lose 100%" is just a statement to instil courage to go ahead with a stock if you are confident about it, but at the same time we must acknowledge that nothing is guaranteed in investment and we could be wrong at times. If one is to follow the yardstick on basic financials and fundamental, chances of losing 100% is very slim, though it is still possible. Below is the image of Dr Neoh's book "Stock Market Investment in Malaysia and Singapore", it is definitely worth reading if you can find it.    



As usual, there is no "one size fits all" approach in whatever field, even in stock investment. A young professional whom I met in a Investment forum recently told me that his return for 2014-2016 was at average 30% per year and 2017 so far is a little exceptional, more than 100%..wow..  He is now trying to impart his skills and knowledge of his impressive stock picks strategy. I believe there is something I can learn from him too. 


Value Investing, though sound simple - buy something that's worth more than what they are selling, but involves many subjective judgement, especially to determine how much it is worth, what's more - the soft skill : patience and discipline, overcoming the fear & greed in us. Hence, it is easy to learn but very difficult to master. Continuing education and adaptability is important to sharpen our skills of value investing from time to time, whether that is from fundamental analysis, chart analysis or price momentum/action analysis. There are so many masters around whom we could always learn one or two things from, we may only need to tweak a little to achieve something much bigger, why not?