《股票投资正道》

[早起的虫儿被鸟吃 (Early Worms Eaten by Birds)]

“钱不是万能，没有钱万万不能”。
这两句话，说明了钱的局限性，也道尽了钱的重要性。
是的，有钱买不到爱，买不到幸福，买不到别人对你的尊敬，买不到生命，更买不到心灵的安宁－－钱不是万能。
但是在现实生活中，每天开门七件事，样样要钱。现实是残酷的，没有钱，寸步难移。相信吃过钱不够用的苦头的人都会同意，穷与苦是对孪生兄弟，难分难解。
所以，我们不得不努力赚钱－－其实是被逼努力赚钱，因为，“没有钱万万不能”。

做任何事情，开始之前必须摆正态度，出发点正确，做到“理直”，“理直”才会“气壮”，气壮才会义无反顾，勇往直前。
赚钱也一样，首先要有正确的出发点，为了什麽而赚？

[为了父母、妻子、儿女的生活过得更好。
为了使你所爱的人的生活有保障。
为了我们退休後能财务自主，不靠儿女过活。
为了追求我们梦想中的美好生活。
为了做人做得更有尊严。
为了对哺育我们的社会人群尽一点反哺的责任。
为了得到我们想得到一切。]

正确的出发点，成为促使我们努力赚钱的力量，这股力量，善加引导，会为你带来预想不到的成果。
赚钱，有如做人，做人要跑正道，循正道而行，人生的路，越来越宽。
赚钱之道亦然，依正道而行，越来越顺遂，所谓“君子爱财，取之有道”，这个“道”就是正道。
如果你起步之前，就动了歪念头，走旁门左道，走捷径，越来越狭，最後是举步维艰，甚至走上“不归路”。
我在谈到股票投资之前，先谈赚钱之道，是有感而发。
我觉得股票投资、资金、知识、技术固然重要，但更重要的是正确的做人和投资的出发点。
如果在出发之前，取错了方向，那麽，无论你多麽努力，也无法达成投资的目标。
投资有如打字，如果你在开始时，用两只手指按字键，习惯了，你很难改正，一辈子用两只手指打字，永远不会把十只手指按在字键上打字。
投资又好像驾飞机，如果起飞之前，偏离航线，那怕只有一度，在飞行了十多个小时之後，降陆地点，距离你的目的地，何止千里，“失之毫厘，差之千里”，此之谓也。

[Violet]

 
nice article.

[早起的虫儿被鸟吃 (Early Worms Eaten by Birds)]

Good book to share, i has been finish Read. I will post chapter bu chapter here, and also take this opportunities to refresh my memory... Wish all guy here Happy Trading ...

 

[早起的虫儿被鸟吃 (Early Worms Eaten by Birds)]

[股票投资 不循正道 散户容易倾家荡产 (第1篇)]

股票投资，一开始就抱着错误的态度，你几乎可以肯定，永远无法达到财务自主的境界。
不但如此，你可能会倾家荡产。
股市对态度正确的人是金矿，对态度错误的人是坟墓。
循正道做人，也许不能出人头地，但最低限度还是个堂堂正正的人，也许对社会没有什麽值得歌颂的贡献，但最低限度不会为害社会。
循正道投资，也许收获不如你预想的那麽大，但最低限度不会使你倾家荡产，使你的家人的生活陷入水深火热之中，使你的人生之路走得更自在。
那麽，什麽是股票投资的正道，又什麽是股票投资的“左道”？

很简单“左道”就是在股市投机。
“正道”就是从商业的角度，依据基本面进行投资。
股票投资者如果一开始就对股市存着错误的观念，以为可以在股市快捷致富，那麽，他的下场，几乎肯定是悲惨的。
如果你以为股市是个做无本生意的地方－－可以靠“对敲”致富，而且上了“对敲”的瘾，那麽，你已患上软骨症，永远站不起来。
如果你存着一种想法：可以击败股市，那麽你是自讨苦吃，因为你已成为孙悟空，永远跳不出股市这个如来佛的手掌，最後必然是来也空空，去也空空。
而导致“左道”投资者无法抬头的最主要原因，是因为股市的游戏，是“零数游戏”（ZERO SUM GAME），是因为不存在的价值，最终一定会消失无踪，是因为财富的创造，必须建立在价值的创造上。作为经济的一部份，作为商业的一环，股票价值不能无中生有。无中生有如果存在，也只能是昙花一现，－－晚上开花，太阳还没有升上来就枯萎了。
股票市场，实在是个天才的发明，但是，演变到今天，已逐渐变质，成为最大的赌场－－大马百万的“股友”，美其名为“投资者”，实际上，绝大多数是“赌友”－－抱着“搏一搏”的心理进场，股票是筹码，跟它所代表的资产和业务脱节。
“赌友”们的普遍态度是“管他是好股还是坏股，只要会起，就是好股”。大部份人不了解公司，也没有兴趣去研究，他们把重点放在股市，不投向公司，投向股价，不投向基本面。
我目击数以万计的PN4公司的股东，亏掉了数百亿令吉的血汗钱，而其中绝大部份是散户。
我发现散户们在股市一错再错－－屡战屡败。

[早起的虫儿被鸟吃 (Early Worms Eaten by Birds)]

[买股票就是买股份 (第2篇)]

最简单的道理，常常也是最基本及最重要的。
就以股票投资来说，很少人去想过一个很简单的问题；股票是什么？
在开始投资之前，首先要建立正确的投资观念，循正道而行，表面上看起来，这样做很老土，实际上这是有效，最稳当的途径。
如果你一开始就持着错误的态度，以为在股市中投机可以致富，那么，你在股市越久，亏得越多，跟财富绝缘。
所以，要走上投资正道，第一件要做的，就是要知道“股票”是什么？

“股票”也者，就是股份的票据，你参加一家公司的股份，公司的股份注册处，发给你一纸证书，证明你在这家公司拥有的股份额，这张证书，就是“股份”。
这种情形，就好像土地局发给你一张地契，证明你在该段土地的拥有权一样。如果你拥有一间屋子的话，你不妨拿出屋子的地契来看一看，你一定会发现，发展商把一段很大的土地，分割为数以千计的小段，你的屋子占有其中的一小段。同样的，一家有限公司的股份，可能是一亿令吉，分为一亿股，每股一令吉，如果你投资100令吉在这家公司（在股市，每100股为一个交易单位）你就是持有这家公司100股的股份，在过去，公司注册处发给你一张证书，证明你的股份额，这就是股票，其性质跟地契证明你是屋地的拥有者没有两样。
现在由于实施无票制，由中央存票处登记你的股份额，股东已看不到“票”了，但拥有权更有保障，因为股份纪录是在中立的中央存票处保持，上市公司的董事无法做手脚，居心不良者无法印假股票。
明乎此，你就不难理解：买股票就是买公司的股份。股票代表公司的资产及业务，就好像地契代表土地一样。
这个观念的建立，是非常重要的，我可以说，这也是股票投资的成败关键所在。没有确立这个观念，你很难在股市投资成功。所以，投资者一定要时刻记住“买股票就是买公司的股份”这句话，每一次在买进之前，都提醒自己：我是在买进这家公司的股份，不是买进赌桌上的筹码。
在认识清楚买股票就是买股份之后，你整个投资景观就完全改变了。
买进股份后，你就是该公司的股东，换句话说，你是跟数以千计，万计完全不认识的人，合股做生意。
有限公司分为两大类：私人有限公司和公共有限公司。两者的区别有二：（1）私人公司股东少，公共公司股东多（上市公司必须有25%的股份分散在小股东手中，最少要有1千名每名持有不少过100股的小股东）。（2）上市公共公司的股份可以在股市，通过拍卖制转让。其他方面的分别不大。（我在最近出版的”30年股票投资心得”一书中有详细论析）。
假如你跟几个朋友组织一家私人有限公司从事某种生意的话，你占有10%股权，如果意见不合，或是你急需现金以济燃眉之急，或是公司表现欠佳，你很难退股，我有一些跟人合股做生意的朋友，就面对这样的困境。如果他所参股的是上市公共公司（公共公司也有不上市的），他只要给经纪打一个电话就“退股”了，不必看大股东的脸色。我曾有许多参股私人有限公司的机会，都不加以考虑，就是不想受大股东的气。另一个重要的理由，是950家上市公司任由我选择参股，何必做无权过问的私人有限公司的小股东？
在了解到你不是在买一张“票”，而是在买公司的股份，那么，在参股之前，你就会问：这家公司做的是什么生意？这门生意有前途吗？什么人在主持这家公司的业务？这个人是否精明能干？是否诚实可靠？是正派做生意，还是藉做生意来刮股东的钱？这家公司的财务情况如何？是否有负债？如果负债很高，目前的生意是否有足够的CASH FLOW 来还本还息？公司是否有长远的发展蓝图？
你要知道，公司的拥有权和管理权是分开的。你把公司的经营权交给董事部，除了常年股东大会及重要事项需要你的批准之外，平常你是无权过问公司的营运的（否则，天下会大乱，职员无所适从）。所以，你最好购买你对公司领导层有信心的公司的股份，否则，吃亏的是你自己。
记住，买股票就是买股份，也就是参股于有关公司，所以，在参股之前，一定要对有关公司有深入的了解。
参股之前，勤做功课，是投票投资成功的最基本条件。
不了解你的公司，就不要参股，就好像你不知道你的朋友做的是什么生意，就不要跟他合股做生意一样。参股於公共公司要比跟朋友合股做生意更谨慎，因为你是跟陌生人合股做生意。

[Accerd]

Possible to post one in Chinese and one in English....At least everyone can read mah.

Thank you in advance.

[早起的虫儿被鸟吃 (Early Worms Eaten by Birds)]

Possible to post one in Chinese and one in English....At least everyone can read mah.

Thank you in advance.

english need Google translate, but the  outcome and meaning will lari .....

[Violet]

english need Google translate, but the outcome and meaning will lari .....

can't agree with you more!
i prefer in orginal language.

[ubi kayu]

“钱不是万能，没有钱万万不能”。
这两句话，说明了钱的局限性，也道尽了钱的重要性。
是的，有钱买不到爱，买不到幸福，买不到别人对你的尊敬，买不到生命，更买不到心灵的安宁－－钱不是万能。
但是在现实生活中，每天开门七件事，样样要钱。现实是残酷的，没有钱，寸步难移。相信吃过钱不够用的苦头的人都会同意，穷与苦是对孪生兄弟，难分难解。
所以，我们不得不努力赚钱－－其实是被逼努力赚钱，因为，“没有钱万万不能”。

做任何事情，开始之前必须摆正态度，出发点正确，做到“理直”，“理直”才会“气壮”，气壮才会义无反顾，勇往直前。
赚钱也一样，首先要有正确的出发点，为了什麽而赚？

[为了父母、妻子、儿女的生活过得更好。
为了使你所爱的人的生活有保障。
为了我们退休後能财务自主，不靠儿女过活。
为了追求我们梦想中的美好生活。
为了做人做得更有尊严。
为了对哺育我们的社会人群尽一点反哺的责任。
为了得到我们想得到一切。]

正确的出发点，成为促使我们努力赚钱的力量，这股力量，善加引导，会为你带来预想不到的成果。
赚钱，有如做人，做人要跑正道，循正道而行，人生的路，越来越宽。
赚钱之道亦然，依正道而行，越来越顺遂，所谓“君子爱财，取之有道”，这个“道”就是正道。
如果你起步之前，就动了歪念头，走旁门左道，走捷径，越来越狭，最後是举步维艰，甚至走上“不归路”。
我在谈到股票投资之前，先谈赚钱之道，是有感而发。
我觉得股票投资、资金、知识、技术固然重要，但更重要的是正确的做人和投资的出发点。
如果在出发之前，取错了方向，那麽，无论你多麽努力，也无法达成投资的目标。
投资有如打字，如果你在开始时，用两只手指按字键，习惯了，你很难改正，一辈子用两只手指打字，永远不会把十只手指按在字键上打字。
投资又好像驾飞机，如果起飞之前，偏离航线，那怕只有一度，在飞行了十多个小时之後，降陆地点，距离你的目的地，何止千里，“失之毫厘，差之千里”，此之谓也。

Capitalism is like this lah, money rules the world. Everybody is brainwashed to worship money and feeling lost in the process of chasing money.

[早起的虫儿被鸟吃 (Early Worms Eaten by Birds)]

“钱不是万能，没有钱万万不能”。
这两句话，说明了钱的局限性，也道尽了钱的重要性。
是的，有钱买不到爱，买不到幸福，买不到别人对你的尊敬，买不到生命，更买不到心灵的安宁－－钱不是万能。
但是在现实生活中，每天开门七件事，样样要钱。现实是残酷的，没有钱，寸步难移。相信吃过钱不够用的苦头的人都会同意，穷与苦是对孪生兄弟，难分难解。
所以，我们不得不努力赚钱－－其实是被逼努力赚钱，因为，“没有钱万万不能”。

做任何事情，开始之前必须摆正态度，出发点正确，做到“理直”，“理直”才会“气壮”，气壮才会义无反顾，勇往直前。
赚钱也一样，首先要有正确的出发点，为了什麽而赚？

[为了父母、妻子、儿女的生活过得更好。
为了使你所爱的人的生活有保障。
为了我们退休後能财务自主，不靠儿女过活。
为了追求我们梦想中的美好生活。
为了做人做得更有尊严。
为了对哺育我们的社会人群尽一点反哺的责任。
为了得到我们想得到一切。]

正确的出发点，成为促使我们努力赚钱的力量，这股力量，善加引导，会为你带来预想不到的成果。
赚钱，有如做人，做人要跑正道，循正道而行，人生的路，越来越宽。
赚钱之道亦然，依正道而行，越来越顺遂，所谓“君子爱财，取之有道”，这个“道”就是正道。
如果你起步之前，就动了歪念头，走旁门左道，走捷径，越来越狭，最後是举步维艰，甚至走上“不归路”。
我在谈到股票投资之前，先谈赚钱之道，是有感而发。
我觉得股票投资、资金、知识、技术固然重要，但更重要的是正确的做人和投资的出发点。
如果在出发之前，取错了方向，那麽，无论你多麽努力，也无法达成投资的目标。
投资有如打字，如果你在开始时，用两只手指按字键，习惯了，你很难改正，一辈子用两只手指打字，永远不会把十只手指按在字键上打字。
投资又好像驾飞机，如果起飞之前，偏离航线，那怕只有一度，在飞行了十多个小时之後，降陆地点，距离你的目的地，何止千里，“失之毫厘，差之千里”，此之谓也。

"Money is not everything, no money must not."
These two statements illustrate the limitations of money, but also the importance of road to make money.
Yes, money can not buy love, can not buy happiness, can not buy you respect others, can not buy life, but can not buy peace of mind - money is not everything.
But in real life, every day open seven things, everything for money. The reality is cruel, no money and lack of progress difficult to move. I believe eating enough money with the bitterness of people would agree that the poor and suffering is the twin brother, inextricably linked.
Therefore, we have to make money - in fact, forced to make money, because "no money must not."

Do anything, must be put right before the start of the attitude, the right starting point, so that "straighten", "straighten" will be "fierce" fierce will not hesitate, go ahead.
Make money, too, must first have the correct starting point, for what and earn?

[To parents, his wife and children to live better.
In order to make your loved one's life to protect.
In order to finance their own retirement we do not rely on children to live.
In order to pursue our dream of a better life.
In order to do more dignified life.
In order to feed our people to do a little nurturing social responsibility.
In order to get everything we want. ]

The correct starting point, as we strive to make money to promote the power of this force and make the best guide will bring you unexpected results.
Money, like a man, a man walked right way, through being the opposite direction, the road of life, grows ever wider.
How to make money is no exception, according to is the opposite direction, increasingly well, the so-called "gentleman's love of money, in a proper way", the "Road" is the right way.
If you start before, and had distorted the idea of ​​walking heresy, cut corners, more narrow, the last is difficult, even to a "no return."
I'm talking about stock investment, before talking about how to make money, a feeling.
I think stock investing, capital, knowledge, technology is important, but more important is the right man and the investment point of departure.
If prior to departure, whichever is in the wrong direction, then, no matter how hard you try, can not achieve investment objectives.
Investment like typing, if you start with two fingers by word key, used to, it is hard to correct a lifetime typing with two fingers, never put ten fingers on the keys by typing in the word.
Investment also seems to drive the aircraft, if before take-off, off course, even if only once, more than ten hours in flight, the landing place, away from your destination, far more than a thousand miles, "miss is, Chazhiqianli" called also.

[早起的虫儿被鸟吃 (Early Worms Eaten by Birds)]

[股票投资 不循正道 散户容易倾家荡产 (第1篇)]

股票投资，一开始就抱着错误的态度，你几乎可以肯定，永远无法达到财务自主的境界。
不但如此，你可能会倾家荡产。
股市对态度正确的人是金矿，对态度错误的人是坟墓。
循正道做人，也许不能出人头地，但最低限度还是个堂堂正正的人，也许对社会没有什麽值得歌颂的贡献，但最低限度不会为害社会。
循正道投资，也许收获不如你预想的那麽大，但最低限度不会使你倾家荡产，使你的家人的生活陷入水深火热之中，使你的人生之路走得更自在。
那麽，什麽是股票投资的正道，又什麽是股票投资的“左道”？

很简单“左道”就是在股市投机。
“正道”就是从商业的角度，依据基本面进行投资。
股票投资者如果一开始就对股市存着错误的观念，以为可以在股市快捷致富，那麽，他的下场，几乎肯定是悲惨的。
如果你以为股市是个做无本生意的地方－－可以靠“对敲”致富，而且上了“对敲”的瘾，那麽，你已患上软骨症，永远站不起来。
如果你存着一种想法：可以击败股市，那麽你是自讨苦吃，因为你已成为孙悟空，永远跳不出股市这个如来佛的手掌，最後必然是来也空空，去也空空。
而导致“左道”投资者无法抬头的最主要原因，是因为股市的游戏，是“零数游戏”（ZERO SUM GAME），是因为不存在的价值，最终一定会消失无踪，是因为财富的创造，必须建立在价值的创造上。作为经济的一部份，作为商业的一环，股票价值不能无中生有。无中生有如果存在，也只能是昙花一现，－－晚上开花，太阳还没有升上来就枯萎了。
股票市场，实在是个天才的发明，但是，演变到今天，已逐渐变质，成为最大的赌场－－大马百万的“股友”，美其名为“投资者”，实际上，绝大多数是“赌友”－－抱着“搏一搏”的心理进场，股票是筹码，跟它所代表的资产和业务脱节。
“赌友”们的普遍态度是“管他是好股还是坏股，只要会起，就是好股”。大部份人不了解公司，也没有兴趣去研究，他们把重点放在股市，不投向公司，投向股价，不投向基本面。
我目击数以万计的PN4公司的股东，亏掉了数百亿令吉的血汗钱，而其中绝大部份是散户。
我发现散户们在股市一错再错－－屡战屡败。

[Retail stock investments do not follow the right path is easy to ruin (part 1)]

Stock investment, start holding the wrong attitude, you almost certainly never be able to achieve financial autonomy of the realm.
Not only that, you might go bankrupt.
Attitude of the right people for the stock market is gold, the attitude of the wrong person is grave.
Life through the right path, may not succeed, but at least still a upright person, perhaps not worthy of praise for the community contribution, but at least will not harm society.
Investment through the right way, maybe not as good as you expected harvest big, but at least will not make you bankrupt, so that your family life into dire straits, so go the road of your life more comfortable.
So, what is the right way to stock investment, stock investment and what is the "heretical"?

Very simple, "heretical" is in the stock market speculation.
"Right way" is from a business perspective, investing based on fundamentals.
Beginning stock investors if the stock market kept the wrong idea that you can get rich quick in the stock market, then, his fate, almost certainly tragic.
If you think the stock market is the place to do business without capital - can rely on "to knock" to get rich, but also on the "to knock" of addiction, then you have been suffering from osteomalacia, always stand up.
If you deposit with an idea: You can beat the stock market, then you are asking for trouble, because you have become the Monkey King, is always impossible to escape the stock market the Buddha's hand, and finally must be to also empty, and go empty.
Which led to "heretical" investors are not the main reason for the rise is because the stock market game, is "zero numbers game" (ZERO SUM GAME), is because there is no value, will eventually disappear without a trace, because the wealth creation, must be based on the value creation. As part of the economy, as the commercial part of the stock value can not be fabricated. If there is something out of nothing, can only be short-lived, - night blooming, the sun will not rise up withered.
The stock market, it is a genius invention, however, evolved to today, has slowly changed to become the largest casino - Malaysia millions of "shares" Friends, under the pretext of "investors", in fact, the vast majority of "gamblers" - have the "give it a go," the psychological approach, the stock is a bargaining chip with the assets and it represents the business out of touch.
"Gamblers" who is the general attitude of "control shares that he is good or bad stocks, as long as will play, is a good stock." Most people do not understand the company, and no interest to study, they focus on the stock market, do not invest in companies, to invest in stock, do not invest in the fundamentals.
I witnessed tens of thousands of PN4 company's shareholders tens of billions of ringgit Kuidiao hard-earned money, of which the vast majority of individual investors.
I have found that individual investors in the stock market same mistake again - defeated.

[早起的虫儿被鸟吃 (Early Worms Eaten by Birds)]

[买股票就是买股份 (第2篇)]

最简单的道理，常常也是最基本及最重要的。
就以股票投资来说，很少人去想过一个很简单的问题；股票是什么？
在开始投资之前，首先要建立正确的投资观念，循正道而行，表面上看起来，这样做很老土，实际上这是有效，最稳当的途径。
如果你一开始就持着错误的态度，以为在股市中投机可以致富，那么，你在股市越久，亏得越多，跟财富绝缘。
所以，要走上投资正道，第一件要做的，就是要知道“股票”是什么？

“股票”也者，就是股份的票据，你参加一家公司的股份，公司的股份注册处，发给你一纸证书，证明你在这家公司拥有的股份额，这张证书，就是“股份”。
这种情形，就好像土地局发给你一张地契，证明你在该段土地的拥有权一样。如果你拥有一间屋子的话，你不妨拿出屋子的地契来看一看，你一定会发现，发展商把一段很大的土地，分割为数以千计的小段，你的屋子占有其中的一小段。同样的，一家有限公司的股份，可能是一亿令吉，分为一亿股，每股一令吉，如果你投资100令吉在这家公司（在股市，每100股为一个交易单位）你就是持有这家公司100股的股份，在过去，公司注册处发给你一张证书，证明你的股份额，这就是股票，其性质跟地契证明你是屋地的拥有者没有两样。
现在由于实施无票制，由中央存票处登记你的股份额，股东已看不到“票”了，但拥有权更有保障，因为股份纪录是在中立的中央存票处保持，上市公司的董事无法做手脚，居心不良者无法印假股票。
明乎此，你就不难理解：买股票就是买公司的股份。股票代表公司的资产及业务，就好像地契代表土地一样。
这个观念的建立，是非常重要的，我可以说，这也是股票投资的成败关键所在。没有确立这个观念，你很难在股市投资成功。所以，投资者一定要时刻记住“买股票就是买公司的股份”这句话，每一次在买进之前，都提醒自己：我是在买进这家公司的股份，不是买进赌桌上的筹码。
在认识清楚买股票就是买股份之后，你整个投资景观就完全改变了。
买进股份后，你就是该公司的股东，换句话说，你是跟数以千计，万计完全不认识的人，合股做生意。
有限公司分为两大类：私人有限公司和公共有限公司。两者的区别有二：（1）私人公司股东少，公共公司股东多（上市公司必须有25%的股份分散在小股东手中，最少要有1千名每名持有不少过100股的小股东）。（2）上市公共公司的股份可以在股市，通过拍卖制转让。其他方面的分别不大。（我在最近出版的”30年股票投资心得”一书中有详细论析）。
假如你跟几个朋友组织一家私人有限公司从事某种生意的话，你占有10%股权，如果意见不合，或是你急需现金以济燃眉之急，或是公司表现欠佳，你很难退股，我有一些跟人合股做生意的朋友，就面对这样的困境。如果他所参股的是上市公共公司（公共公司也有不上市的），他只要给经纪打一个电话就“退股”了，不必看大股东的脸色。我曾有许多参股私人有限公司的机会，都不加以考虑，就是不想受大股东的气。另一个重要的理由，是950家上市公司任由我选择参股，何必做无权过问的私人有限公司的小股东？
在了解到你不是在买一张“票”，而是在买公司的股份，那么，在参股之前，你就会问：这家公司做的是什么生意？这门生意有前途吗？什么人在主持这家公司的业务？这个人是否精明能干？是否诚实可靠？是正派做生意，还是藉做生意来刮股东的钱？这家公司的财务情况如何？是否有负债？如果负债很高，目前的生意是否有足够的CASH FLOW 来还本还息？公司是否有长远的发展蓝图？
你要知道，公司的拥有权和管理权是分开的。你把公司的经营权交给董事部，除了常年股东大会及重要事项需要你的批准之外，平常你是无权过问公司的营运的（否则，天下会大乱，职员无所适从）。所以，你最好购买你对公司领导层有信心的公司的股份，否则，吃亏的是你自己。
记住，买股票就是买股份，也就是参股于有关公司，所以，在参股之前，一定要对有关公司有深入的了解。
参股之前，勤做功课，是投票投资成功的最基本条件。
不了解你的公司，就不要参股，就好像你不知道你的朋友做的是什么生意，就不要跟他合股做生意一样。参股於公共公司要比跟朋友合股做生意更谨慎，因为你是跟陌生人合股做生意。

[Buy stocks is to buy shares (Chapter. 2)]

The simple fact, it is often the most basic and most important.
On the investment in shares, the few people to go thought a very simple question; stocks that?
Before you start investing, we must first establish the right investment concepts, is the opposite direction through the surface, it seems that it is very old-fashioned, in fact, it is effective, most reliable way.
If you start holding the wrong attitude, thinking you can get rich in the stock market speculation, then the longer you are in the stock market, they lose more with fortune.
Therefore, to embark on investment in the right path, the first thing to do is to know the "stock" mean?

"Stock" is who is the share of the bills, you join a company's shares, the company's share registry, send you a paper certificate to prove that you owned shares of the company share, this certificate is the "Shares" .
This situation, like Land Agency sent you a lease, you have to prove ownership of the land section of the same. If you own a house, you may wish to lease out the house to look at, you will find that the developers put a lot of land, divided into thousands of pieces, which you share a small room . Similarly, a limited company's shares, may be a billion ringgit, divided into one million shares a ringgit, if you invest RM100 in the company (in the stock market, trading 100 shares of a unit) is to hold you The company has 100 shares of stock in the past, the Registrar of Companies issued you a certificate to prove your share of stock, which is stock, with the lease of its properties to prove that you are the owner of the house is no different.
Now that the implementation of the no-vote, vote by the central depository register your shares at the share, the shareholders have not see the "vote", but ownership more secure, because the stock record is kept in a neutral central ticket office to maintain a listed company directors can not play tricks, malefactors can not print off the stock.
With this in mind, you can understand: to buy stocks is to buy shares of the company. Stock on behalf of the company's assets and business, as if the lease on behalf of the land.
The establishment of this concept is very important, I can say that this is the key to the success of stock investment. This concept has not been established, it is hard to invest in the stock market success. Therefore, investors must always remember that "buying stocks is to buy shares of the company", that is, each time in the buying, to have to remind myself: I was buying shares of this company is not buying the roulette the chips.
In the clear understanding is to buy shares after the stock to buy, your entire investment landscape is completely changed.
Buy shares, you are the company's shareholders, in other words, you are with the thousands of millions of people who did not know, partnership business.
Co., Ltd. is divided into two categories: private limited and public limited. The difference is twofold: (1) small private shareholders, many shareholders of public companies (listed companies must have 25% of the shares distributed in the hands of small shareholders, each of at least 1,000 holders of not less than 100 shares minority shareholders). (2) of the shares of listed public companies in the stock market through the auction system for the transfer. Not much different in other areas. (I recently published "30-year stock investment experience," a book on the analysis in detail).
If your organization with a few friends, a private limited company engaged in a business, you share 10% stake, if the disagreement, or if you need cash to meet their pressing needs, or the poor performance of the company, it's difficult withdrawal, I Some business partnership with a friend who, on the face of such difficulties. If he is a listed public company shares (public companies have not listed), as long as he hit a telephone call to the broker on the "withdrawal", and do not have to look at the major shareholder of the face. I have had many shares of private limited opportunity not to be considered by the major shareholders did not want to air. Another important reason is that 950 let me select the shares of listed companies, why do no say in the minority shareholders of private limited company?
Understand that you are not buying in a "vote", but to buy shares, then, before the shares, you will ask: What is the company to do business? This business has a future? Who presided over the company in the business? This person is smart and capable? Trustworthy? Is a decent business, the shareholders or by scraping the money to do business? The company's financial situation? Is there liability? If the debt is high, the current business whether there is sufficient CASH FLOW to payback the interest? Whether the company has long-term development blueprint?
You know, the company's ownership and management are separate. Your right to operate the company's Board of Directors, in addition to annual general meeting and the important issues need your approval, the usual you have no say in the operation of the company (otherwise, the world would be chaos, staff know what to do). So, you buy the best you have confidence in the leadership of the company's shares, or the expense of your own.
Remember, buying stocks is to buy shares, that is, shares in the company, so, before the shares, be sure to have a better understanding of the company.
Shares before the ground to do their homework, was voted the most basic conditions for successful investment.
Do not know your company, do not shares, if you do not know your friends to do what is business, not the same business partnership with him. Shares in a public joint stock company to do business with friends more than cautious, because you are a business partnership with strangers.

[Accerd]

  早起的虫儿被鸟吃

[早起的虫儿被鸟吃 (Early Worms Eaten by Birds)]

早起的虫儿被鸟吃

 

[Violet]

Capitalism is like this lah, money rules the world. Everybody is brainwashed to worship money and feeling lost in the process of chasing money.

that's the impact of Laissez-faire

[ubi kayu]

that's the impact of Laissez-faire

wow.... got substance wor... let me do some research first on "Laissez-faire"

[Accerd]

wow.... got substance wor... let me do some research first on "Laissez-faire"

read your economic 101.... Capitalism loh...

[ubi kayu]

read your economic 101.... Capitalism loh...

ehh... i am from science stream, only know technical stuff

never studied ecomomics lah

simple demand and supply boleh paham sikit sikit   

[gongong]

“道既是良心，良心既是道！”
如果连个良心都不懂，那还讲什么大道理！
医生读了那么多书，却乱开刀，乱开价，那就是没人道！
读书人不要一直讲一大堆垃圾废话来为自己辩护找藉口；凡是问心无愧，敢做敢当才是君子所为！
讲得头头是道，但见利忘义，还有意识吗？

[ubi kayu]

“道既是良心，良心既是道！”
如果连个良心都不懂，那还讲什么大道理！
医生读了那么多书，却乱开刀，乱开价，那就是没人道！
读书人不要一直讲一大堆垃圾废话来为自己辩护找藉口；凡是问心无愧，敢做敢当才是君子所为！
讲得头头是道，但见利忘义，还有意识吗？

mOraL lesson?? 

[早起的虫儿被鸟吃 (Early Worms Eaten by Birds)]

“道既是良心，良心既是道！”
如果连个良心都不懂，那还讲什么大道理！
医生读了那么多书，却乱开刀，乱开价，那就是没人道！
读书人不要一直讲一大堆垃圾废话来为自己辩护找藉口；凡是问心无愧，敢做敢当才是君子所为！
讲得头头是道，但见利忘义，还有意识吗？

这位先生好像很有感触哦 。。。

[ikan Besar]

ya ya ya  tui tui tui tui
semua betul

sebenar apa cerita itu

 

[Violet]

这位先生好像很有感触哦 。。。

可能吧。
你的文章也许触碰了他的过往。

[ubi kayu]

“道既是良心，良心既是道！”
如果连个良心都不懂，那还讲什么大道理！
医生读了那么多书，却乱开刀，乱开价，那就是没人道！
读书人不要一直讲一大堆垃圾废话来为自己辩护找藉口；凡是问心无愧，敢做敢当才是君子所为！
讲得头头是道，但见利忘义，还有意识吗？

hahaha

copy and paste punya la..

malaysian chinese where got this level of mandarin...

P/S: its absolutely okay to copy paste

[Violet]

hahaha
copy and paste punya la..
malaysian chinese where got this level of mandarin...
P/S: its absolutely okay to copy paste

really?
why cut & paste?
a new catch people's eyes marketing strategy?

 

[ubi kayu]

really?
why cut & paste?
a new catch people's eyes marketing strategy?

 

DIA ADA 共鸣 MA... 

[gongong]

不好意识，小弟只不过是有感而发。
有何不对之处，请见谅！

[早起的虫儿被鸟吃 (Early Worms Eaten by Birds)]

不好意识，小弟只不过是有感而发。
有何不对之处，请见谅！

大家学习学习。。。。

[早起的虫儿被鸟吃 (Early Worms Eaten by Birds)]

股票投资风险有多高？ (第3篇)

提到股票投资，一般人的反应是：股市是赌场，风险很高。
再询问你身边买过股票的人，你会发现，十之八九亏本，赚钱的不到十之一，二。
更使人好奇的是：既然如此，何以仍有人前仆后继？
我想股市的魅力，就是在它的变幻莫测，越难以捉摸的东西，吸引力越大。在股市中，每一个交易都是一个挑战，每一次的交易，盈亏都是个未知数，就好像进入赌场的人，有下注就有赢钱的希望一样，所以，尽管明知十赌九输，仍乐此不倦。
我曾经询问在股市中投机的朋友，屡战屡败，何以仍不离开股市，他们也无法解释。
更令人感到惊奇的是：在股市中失手的，不少是受过高等教育的专业人士，他们在专业的岗位上，精明能干，但进入股市，总是铩羽而归，似乎知识并无助于提高胜算。

跟别的投资管道，尤其是购买房地产相比，股票投资的风险，肯定比较高，有多高？我的答案是：不会比做生意的风险更高。
在“买股票就是买股份”一文中，我已经说得很清楚：买股票就是买公司的股份，买进一家公司的股份，就是投资于有关公司。很明显的，购买股份的风险，就等于有关公司的生意的风险。如果说买股票没有风险的话，那是痴人说梦话。大家都知道，做生意一定会面对风险。有赚无亏的生意，少之又少，即使用，当所有的人趋之若鹜时，这门生意的竞争激烈了，赚率会逐步下降，最后那些管理不当或资金不够雄厚的业者，会面对亏蚀，最后是被淘汰，优胜劣败，在商场中尤其明显。
既然买股份就是跟数以万计的陌生人合股做生意，则股份的风险，其实就等于生意的风险。
所以，买股票的风险，不会比直接做生意的风险更高。因为你的股份所代表的就是企业的业务。企业经营成功，你的股份的价值跟着上升，企业经营失败，你的股份的价值跟着贬值。如果是企业一蹶不振，就好像整百家被列为PN4的公司那样，股份的价值可能是一文不值。
不过，在有限公司下，作为小股东，“O”是你的亏蚀的极限，即使公司的资产沦为负数，也不至于连累你。
假如你是直接做生意，是私人有限公司的大股东，银行要你对贷款，提供个人担保的话，当公司负债高过资产时，你仍无法脱身。作为小股东，你所承担的风险，实际上比私人公司或合股企业的大股东更低。
股份（我不喜欢用“股票”两个字，因为容易误导人）的价值，既然是决定于公司的成败，或是决定于生意的成败，则作为小股东，只要选择购买生意成功的公司的股份，自然而然的就可以赚到钱，其理至明，看起来非常简单，照理是在股市赚钱并不是困难的事，为什么那么多人亏本？
我想主要的原因为：
①大部份人在买进时，根本对有关公司的基本面－－业务、结构、盈利、管理层结构、财务情况、前景等等，一无所知。他们在买进时，只关心有关股票会不会被炒起，公司的好坏，对他们来说，并不重要。对他们来说，会涨价的就是好股，不会涨价，好股有何用？
他们根本没有参股的念头，他是在买赌桌上的筹码，所以常常买进没有前途的公司的股票，股票价值不断下降，怎能赚钱。
②高价买进劣股，后果自然是悲惨的。在购买股份时，即使是好的公司，如果售价太高，也很难赚钱，何况是高价买进坏股？大家千万不要忘记，投资赚钱与否，跟你的成本息息相关，成本太高，即使是好的公司的股份，也要很长的时间才能赚回来钱，何况是买坏股？
参加私人公司的股份，或是自己做生意，你从事的是一个行业，更准确的是一个行业中的一家公司，你是孤注一掷，如果生意失败，你将失去一切。
购买上市公司的股份，你可以进行多元化投资。在大马股票交易所上市的公司多达950家，只要你腾出一点业余的时间，进行研究，严加选择，你总可以从中选出十家八家有成长潜能的公司，把资金分散在十家不同行业的公司，其风险肯定比投注于一家公司的风险为低。
因为，股票投资的风险，不应比直接投资于生意来得更高。
从以上的分析，我们可以得出结论：
①股票投资的风险，源自企业的失败，叫“企业风险”。
②来自股价的下跌－－买价太高。高价买好股，尚且难赚钱；何况高价买劣股。
我在“30年股票投资心得”一书中所提出的“冷眼方程式－－反向＋成长＋时间=财富”，就是治本之道。
凡是投资，都有风险，股票投资的风险是无法避免的，就好像做生意无法避免风险一样。但若坚守冷眼方程式，循正道而行，可减低风险。


How high the risk of stock investment? (Chapter 3)
Reference to stock investment, the general reaction is: The stock market is a casino, at high risk.
Asked the people around you bought the stock, you will find that nine out of ten lose money, make money less than ten one two.
The more people curious: That being the case, why there are still people fought?
I think the charm of the stock market, is the unpredictable, the more elusive of things, the greater the attractive. In the stock market, each transaction is a challenge for every transaction, gains and losses are unknown, just like the casino, bet there is hope of winning, so, despite knowing that 10 bet nine lost, still and loving.
I once asked a friend of speculation in the stock market, have been defeated, why still leave the stock market, they can not explain.
More surprising: missed in the stock market, and many of them are highly educated professionals in professional positions, smart and competent, but into the stock market, always playing with toys, it seems that knowledge is no help improve the odds.

Compared with other investment channels, especially the purchase of real estate, stock investment risk, certainly high, how high? My answer is: no higher than the risk of doing business.
"Buying stocks is to buy shares in a text, I have said very clearly: buy stocks is to buy shares of the company, to buy the shares of a company is an investment in the company concerned. Clearly, the risk of buying shares, equal to the company's business risk. If you buy stocks without risk, it is talking nonsense. We all know that doing business will face risks. Make no loss of business, very little use, when all the people flocking to this business is highly competitive, the earned rate will be gradually decreased, and finally the mismanagement of funds is not strong enough industry will face losses , and finally eliminated, the survival of the fittest, especially at the mall.
To buy shares with tens of thousands of strangers partnership business, the risk of the shares, in fact, equal to the risk of business.
Therefore, the risk of buying stocks, not higher than the risk of direct business. Because your shares on behalf of the company's business. Business success, the value of your shares followed the rise in business failures, followed by depreciation of the value of your shares. If the business brought to its knees, as if the entire one hundred were classified as PN4 company, the value of the shares may be worthless.
However, CO., as a minority shareholder, "O" is the limit of your losses, even if the assets of the company from becoming negative, that does not incriminate you.
If you are a direct business, the largest shareholder of a private limited company, bank loans, personal guarantees, then, when the company's liabilities higher than assets, you still can not get out. As a minority shareholder, you assume the risk, in fact, lower than the largest shareholder of the private companies or joint stock enterprises.
The success or failure of shares (I do not like to use the word "stock" is easy to mislead people) value, since it is determined by the success of the company, or decide in the business as a minority shareholder, simply choose to buy the business success of companies shares, naturally you can make money, the reason to the next, it seems very simple, it is reasonable in the stock market to make money is not difficult, and why so many people lose money?
I think the main reason for:
① Most people buy, there is the company's fundamentals - business structure, profitability, management structure, financial situation, prospects, etc., know nothing about. Buy, they only care about the stock will not be fired from the company's good or bad for them, is not important. For them, will the prices is good stock, not prices, good stock what is the use?
No shares of the idea, he is to buy the roulette chips, so I often buy the stock of the company with no future, the declining value of the stock, how can we make money.
② high price to buy the inferior shares, the consequence is tragic. In the purchase of shares, even if a good company, if the price is too high, it is difficult to make money, not to mention the high prices to buy the bad stocks? We must not forget that investment to make money or not, is closely related with your costs, the cost is too high, even if it is a good company shares, but also a very long time to earn back the money, let alone buy the bad stocks?
To participate in the shares of a private company, or your own business you are engaged in an industry, the more accurate is a company in an industry, you are desperate, if the business fails, you will lose everything.
To buy shares of listed companies, you can diversify investments. As many as 950 companies listed on Bursa Malaysia, as long as you make a little amateur research, strictly select, you can always choose the ten eight companies with growth potential, and funds dispersed ten companies in different industries, the risk is certainly lower than the risk of betting on a company.
Because the risk of stock investment, business more than the direct investment should not be higher.
From the above analysis, we can conclude that:
① stock investment risk from the failure of the enterprise, called "enterprise risk".
② from the decline in stock prices - the purchase price is too high. Higher price of good stock, being evil, difficult to make money; mention the higher price of the inferior shares.
I have 30 years of stock investment experience "cold equation - reverse + growth + time = wealth" is the root of the problem.
Any investments, are at risk, the risk of equity investments can not be avoided, as if business can not avoid risk. However, if the stick sit on the equation, through to live honestly, can reduce the risk.

[ikan Besar]

ehh... i am from science stream, only know technical stuff

never studied ecomomics lah

simple demand and supply boleh paham sikit sikit   

kayu gua lagi BTC   bor tuck chair
then how, lu ciakap how how how

[早起的虫儿被鸟吃 (Early Worms Eaten by Birds)]

股市赚钱不靠“炒” (第4篇)
最近在首都举行的一个投资展览会中，无意间听到这样的对话：
投资者问：“贵公司的股票价格何以不会起？”
有关上市公司董事：“因为没有人炒作。”
该名董事的意思是说：股票的涨价，要靠炒作，而不是靠业绩表现的不健康想法，就难怪广大的投资者，都作如是想了。
实际上，该公司每股每年只赚二发，以当时RM1.10的市价，本益比高达55倍（即55年才能赚回本钱），稍有投资头脑的人都会同意，合理的本益比为10倍（10年回本），55倍的本益比高得离谱，该公司的股价已被高估，不起是正常，如股份上升，是属反常。
大部分股票投资者都对股票投资存有错误的观念，即惟有买到有人炒作的股票，才有可能赚钱，所以他们天天都在寻求有可能被“炒”起的股票，对于公司的基本面，不屑一顾。

普遍的想法是：好股没人炒，不会涨价，有什么用？倒不如有人炒作的坏股，在最短的时间内暴涨，既赚钱，又刺激，不欲快哉！
这种投机心理，使散户将注意力，集中在“消息”上，只要听到某股将被炒的谣言，就不假思索，马上大买特买，为较早时静悄悄地在熊市中，低价累积了大批股票的炒家，制造了高价脱售股票的机会，散户最终成为装满劣股的垃圾桶，哀哉！
没有一个炒家会笨到，未买够股票就放出“消息”的，所以，散户听到“消息”时实际上股价已近颠峰，此散户永远成为输家的原因之一。
炒家的招数，层出不穷，套套新鲜，其中之一的杀手战是在极短的时间内使股价暴跌30%，到了交易所规定的跌幅极限，措手不及的散户，根本没有脱售的机会，炒家要“玩残”散户，易如反掌，此为散户屡战屡败的原因之二。
在950家上市公司中，被炒家点中的，不到一巴仙，散户买到此娄股票的机会微之又微，99%散户无法受益，此为散户无法靠“炒”股赚钱的原因之三。
散户既然不能靠“炒”，又靠什么在股市赚钱？
答案是：靠公司的业绩表现。
散户一定要建立一个信念：即“短期来说，股价可能跟公司的业绩表现脱节，但长期来说，股价必然反映公司的业绩。”
只要公司有良好的业绩表现，股价必然上升。
如果一个企业的盈利，长期保持上升的趋势，股价必然亦步亦趋。
业绩改善，股价随之，这种现象，屡试不爽。
靠基本面的改善而使股价上升，这种赚钱法，比靠“炒”更有把握。
所以，散户与其去听谣言，找“炒”股，倒不如多化心思去找业绩可能改善的公司，买进其股票，长期持有，这是股市赚钱的更可靠途径。
做生意的目的，是赚钱，我们没有必要投资于不能赚钱的公司，其理至明。
但大部份人在买进股票之前，都忘记了他们是在买公司的股份，他们把注意力集中在股价，忽略了基本面。
实际上价值是“末”，基本面才是“本”，多数人失败在舍本逐末。
谈到公司的盈利，许多人的观念非常模糊，不知如何去判断。
例如有人听到一家公司赚3千万令吉，就眉飞色舞，认为这是家了不起的公司。
实际上，若不跟资本挂钩，3千万令吉这个数字是没有多大意义的。假如这家公司的资本是10亿令吉的话，一年赚3千万令吉，有什么值得提的？它还比不上银行定存的利息回酬。
所以，最重要的数字是每股净和（Earning Per Share，简称EPS）。这是评估股票价值中最重要的数字。
投资者把注意力集中在这个数字上，永远错不了。
所谓“成长股”，就是EPS年年增加的公司。
有了EPS，我们可以轻而易举的评会估股价是否过高。
以EPS去除股价，得出本益比，例如：EPS：RM0.30，股价RM1.50，则本益比为RM1.50÷RM0.30 = 5。
本益比就是赚回本钱所需的年数（见“30年股票投资心得”对本益比有详细论述！可参考）。通常10倍的本益比是属合理。但如果公司没有什么成长，最好取8倍的本益比，成长快速的公司，本益比可达15倍。
每EPS RM0.30的公司，以8倍的本益比计算，合理股价为RM0.30X8= RM2.40，如果目前的股价为RM1.50，值得买进。
以这种方法预测股价，比在股市投机取巧，有更高的把握。
必须强调的是EPS或本益比只是评估的标准之一，投资者还要配合其他的因素，才能作出较为正确的投资决定。
例如，另一项极为重要的是，是“成长”，遵循冷眼方程式，低价买进成长股，长期持有，准错不了。
根据基本面，聚焦于EPS，注重成长，使股价跟着股票的价值上升，这种赚钱法，比靠“炒”赚钱更有把握，风险也更低。
有意于通过股票累积财富的投资者，应摒弃“炒”风，永不投机。


The stock market to make money do not rely on "speculation" (Chapter 4)

Investment Fair held in the capital recently overheard this dialogue:
Investors ask: "why your company's stock price will not play?"
Directors of Listed Companies: "Because no one speculation."
The director said: stock prices, rely on speculation, and unhealthy idea that does not depend on the performance, it is no wonder that the majority of investors are for the case of thought.
In fact, the company per share annually earn two rounds of the market price of RM1.10 at that time, the PE ratio up to 55 times (ie 55 years to recover the cost of capital), slightly investment-minded people would agree, reasonable benefits of this than back to this 10 times (10 years), 55 times PE ratio outrageous, the company's stock is overvalued, can not afford is normal, if the shares are rising, are of unusual.
Most stock investors are misconceptions on the stock investment, that is, only buy the stock was speculation, will it be possible to make money, so every day they are looking for may be "fired" from the stock for the company's fundamentals , dismissed.

The general idea is: good stocks that no one fried, not prices, what's the use? Would be better bad stocks was speculation in the shortest possible time surge, both money and stimulate, do not want to Yoshiya
This speculation, so that individual investors to focus attention on the "news" whenever they hear of a share will be fired rumors, without hesitation, immediately gorging quietly as earlier in the bear market low The price has accumulated a large number of stock speculators, manufacturing high-priced sale of the stock, retail eventually become filled with trash of inferior stock, Alas!
One speculators would be stupid enough not to buy enough stock on the release of the "message", retail hear "news" actually share price nearly reached its peak, the retail will never become one of the reasons of the losers.
The tricks of speculators, an endless stream of fresh condom, one of the killer war shares plunged 30 percent within a very short time, to the decline of the Stock Exchange regulations limit caught by surprise retail, there is no opportunity to sell off speculators play the residual retail, easy, this is the second reason that retail defeated.
950 listed companies, speculators point, less than one per cent, retail investors buy the Lou stock also opportunities for micro-micro, 99% individual investors can not benefit retail investors can not rely on "speculation" shares to make money ter.
Individual investors can not rely on "speculation", but also rely on making money in the stock market?
The answer is: rely on the company's performance.
Retail must establish a belief: "In the short term, stock prices may be with the performance of the company's performance out of touch, but in the long run, the stock is bound to reflect the company's performance."
As long as the company has a good performance, the stock is bound to rise.
If an enterprise's profitability, long-term upward trend, the share price will inevitably picked up the pace.
The improved results, the stock price along with this phenomenon, time-tested.
Rely on improving fundamentals make stock prices rise, this money-making method, with greater certainty than by "speculation".
So, retail investors and their listen to rumors, looking for the "fry" stocks, they might as well of mind to find results may improve the company, buy its stock, long-term holding, which is a more reliable way of the stock market to make money.
The purpose of doing business to make money, we do not need to invest in the company can not make money, the reason to the next.
But most people buy the stock before, have forgotten that they are buying the shares of the company, they focus on the stock, ignoring the fundamentals.
Actually the value of the end of the fundamentals is this, most people fail in the forest for the trees.
It comes to the profitability of the company, many people the concept is very vague, I do not know how to judge.
For example, if someone heard the company earned 300 million ringgit on the exultant, think this is a great company.
In fact, if not linked with the capital of 30 million ringgit this figure is of little significance. If the company's capital is one billion ringgit, earned 300 million ringgit a year, there is nothing worth mentioning? It is also smaller than bank deposit interest returns.
Therefore, the most important figure is the net per share and (Earning Per Share or EPS). This is the most important figures in the assessment of the value of the stock.
Investors to focus on this figure, always can not go wrong.
The so-called "growth stocks" is the company EPS increasing every year.
With EPS, the assessment that we can easily estimate whether a stock is too high.
EPS remove the stock come to the PE ratio, such as: EPS: RM0.30, the stock price RM1.50, then the PE ratio of RM1.50 ÷ RM0.30 = 5.
The PE ratio is to recover the cost of capital required number of years (see "30-year stock investment experience and detailed discussion of the PE ratio! Can refer to). Usually 10 times the PE ratio is reasonable. However, if the company does not have what growth, it is best to take the PE ratio of 8 times, the fast-growing company, the PE ratio of up to 15 times.
Each of the EPS the RM0.30's company, eight times the PE ratio, and reasonable price for RM0.30X8 = RM2.40, if the current share price of RM1.50 worth buying.
In this way to predict stock prices, opportunistic than in the stock market, a higher grasp.
Must be emphasized that the evaluation criteria of EPS or PE ratio just one of the investors but also with other factors, in order to make the right investment decisions.
For example, another extremely important, is to "grow" cold equations to follow, cheap to buy growth stocks, long-term holding, prospective can not go wrong.
Based on the fundamentals, focusing in the EPS, focus on growth, the rise of the share price followed by the value of the stock, this money, than rely on "speculation" to make money with greater certainty, the risk of lower
Interested in the accumulation of wealth through the stock investors should abandon the "fried" the wind, never speculative.

[USuck]

这在马来西亚用不着。马来西亚人太贪。

This won't work in Malaysia. Malaysians are too greedy.

股市赚钱不靠“炒” (第4篇)
最近在首都举行的一个投资展览会中，无意间听到这样的对话：
投资者问：“贵公司的股票价格何以不会起？”
有关上市公司董事：“因为没有人炒作。”
该名董事的意思是说：股票的涨价，要靠炒作，而不是靠业绩表现的不健康想法，就难怪广大的投资者，都作如是想了。
实际上，该公司每股每年只赚二发，以当时RM1.10的市价，本益比高达55倍（即55年才能赚回本钱），稍有投资头脑的人都会同意，合理的本益比为10倍（10年回本），55倍的本益比高得离谱，该公司的股价已被高估，不起是正常，如股份上升，是属反常。
大部分股票投资者都对股票投资存有错误的观念，即惟有买到有人炒作的股票，才有可能赚钱，所以他们天天都在寻求有可能被“炒”起的股票，对于公司的基本面，不屑一顾。

普遍的想法是：好股没人炒，不会涨价，有什么用？倒不如有人炒作的坏股，在最短的时间内暴涨，既赚钱，又刺激，不欲快哉！
这种投机心理，使散户将注意力，集中在“消息”上，只要听到某股将被炒的谣言，就不假思索，马上大买特买，为较早时静悄悄地在熊市中，低价累积了大批股票的炒家，制造了高价脱售股票的机会，散户最终成为装满劣股的垃圾桶，哀哉！
没有一个炒家会笨到，未买够股票就放出“消息”的，所以，散户听到“消息”时实际上股价已近颠峰，此散户永远成为输家的原因之一。
炒家的招数，层出不穷，套套新鲜，其中之一的杀手战是在极短的时间内使股价暴跌30%，到了交易所规定的跌幅极限，措手不及的散户，根本没有脱售的机会，炒家要“玩残”散户，易如反掌，此为散户屡战屡败的原因之二。
在950家上市公司中，被炒家点中的，不到一巴仙，散户买到此娄股票的机会微之又微，99%散户无法受益，此为散户无法靠“炒”股赚钱的原因之三。
散户既然不能靠“炒”，又靠什么在股市赚钱？
答案是：靠公司的业绩表现。
散户一定要建立一个信念：即“短期来说，股价可能跟公司的业绩表现脱节，但长期来说，股价必然反映公司的业绩。”
只要公司有良好的业绩表现，股价必然上升。
如果一个企业的盈利，长期保持上升的趋势，股价必然亦步亦趋。
业绩改善，股价随之，这种现象，屡试不爽。
靠基本面的改善而使股价上升，这种赚钱法，比靠“炒”更有把握。
所以，散户与其去听谣言，找“炒”股，倒不如多化心思去找业绩可能改善的公司，买进其股票，长期持有，这是股市赚钱的更可靠途径。
做生意的目的，是赚钱，我们没有必要投资于不能赚钱的公司，其理至明。
但大部份人在买进股票之前，都忘记了他们是在买公司的股份，他们把注意力集中在股价，忽略了基本面。
实际上价值是“末”，基本面才是“本”，多数人失败在舍本逐末。
谈到公司的盈利，许多人的观念非常模糊，不知如何去判断。
例如有人听到一家公司赚3千万令吉，就眉飞色舞，认为这是家了不起的公司。
实际上，若不跟资本挂钩，3千万令吉这个数字是没有多大意义的。假如这家公司的资本是10亿令吉的话，一年赚3千万令吉，有什么值得提的？它还比不上银行定存的利息回酬。
所以，最重要的数字是每股净和（Earning Per Share，简称EPS）。这是评估股票价值中最重要的数字。
投资者把注意力集中在这个数字上，永远错不了。
所谓“成长股”，就是EPS年年增加的公司。
有了EPS，我们可以轻而易举的评会估股价是否过高。
以EPS去除股价，得出本益比，例如：EPS：RM0.30，股价RM1.50，则本益比为RM1.50÷RM0.30 = 5。
本益比就是赚回本钱所需的年数（见“30年股票投资心得”对本益比有详细论述！可参考）。通常10倍的本益比是属合理。但如果公司没有什么成长，最好取8倍的本益比，成长快速的公司，本益比可达15倍。
每EPS RM0.30的公司，以8倍的本益比计算，合理股价为RM0.30X8= RM2.40，如果目前的股价为RM1.50，值得买进。
以这种方法预测股价，比在股市投机取巧，有更高的把握。
必须强调的是EPS或本益比只是评估的标准之一，投资者还要配合其他的因素，才能作出较为正确的投资决定。
例如，另一项极为重要的是，是“成长”，遵循冷眼方程式，低价买进成长股，长期持有，准错不了。
根据基本面，聚焦于EPS，注重成长，使股价跟着股票的价值上升，这种赚钱法，比靠“炒”赚钱更有把握，风险也更低。
有意于通过股票累积财富的投资者，应摒弃“炒”风，永不投机。


The stock market to make money do not rely on "speculation" (Chapter 4)

Investment Fair held in the capital recently overheard this dialogue:
Investors ask: "why your company's stock price will not play?"
Directors of Listed Companies: "Because no one speculation."
The director said: stock prices, rely on speculation, and unhealthy idea that does not depend on the performance, it is no wonder that the majority of investors are for the case of thought.
In fact, the company per share annually earn two rounds of the market price of RM1.10 at that time, the PE ratio up to 55 times (ie 55 years to recover the cost of capital), slightly investment-minded people would agree, reasonable benefits of this than back to this 10 times (10 years), 55 times PE ratio outrageous, the company's stock is overvalued, can not afford is normal, if the shares are rising, are of unusual.
Most stock investors are misconceptions on the stock investment, that is, only buy the stock was speculation, will it be possible to make money, so every day they are looking for may be "fired" from the stock for the company's fundamentals , dismissed.

The general idea is: good stocks that no one fried, not prices, what's the use? Would be better bad stocks was speculation in the shortest possible time surge, both money and stimulate, do not want to Yoshiya
This speculation, so that individual investors to focus attention on the "news" whenever they hear of a share will be fired rumors, without hesitation, immediately gorging quietly as earlier in the bear market low The price has accumulated a large number of stock speculators, manufacturing high-priced sale of the stock, retail eventually become filled with trash of inferior stock, Alas!
One speculators would be stupid enough not to buy enough stock on the release of the "message", retail hear "news" actually share price nearly reached its peak, the retail will never become one of the reasons of the losers.
The tricks of speculators, an endless stream of fresh condom, one of the killer war shares plunged 30 percent within a very short time, to the decline of the Stock Exchange regulations limit caught by surprise retail, there is no opportunity to sell off speculators play the residual retail, easy, this is the second reason that retail defeated.
950 listed companies, speculators point, less than one per cent, retail investors buy the Lou stock also opportunities for micro-micro, 99% individual investors can not benefit retail investors can not rely on "speculation" shares to make money ter.
Individual investors can not rely on "speculation", but also rely on making money in the stock market?
The answer is: rely on the company's performance.
Retail must establish a belief: "In the short term, stock prices may be with the performance of the company's performance out of touch, but in the long run, the stock is bound to reflect the company's performance."
As long as the company has a good performance, the stock is bound to rise.
If an enterprise's profitability, long-term upward trend, the share price will inevitably picked up the pace.
The improved results, the stock price along with this phenomenon, time-tested.
Rely on improving fundamentals make stock prices rise, this money-making method, with greater certainty than by "speculation".
So, retail investors and their listen to rumors, looking for the "fry" stocks, they might as well of mind to find results may improve the company, buy its stock, long-term holding, which is a more reliable way of the stock market to make money.
The purpose of doing business to make money, we do not need to invest in the company can not make money, the reason to the next.
But most people buy the stock before, have forgotten that they are buying the shares of the company, they focus on the stock, ignoring the fundamentals.
Actually the value of the end of the fundamentals is this, most people fail in the forest for the trees.
It comes to the profitability of the company, many people the concept is very vague, I do not know how to judge.
For example, if someone heard the company earned 300 million ringgit on the exultant, think this is a great company.
In fact, if not linked with the capital of 30 million ringgit this figure is of little significance. If the company's capital is one billion ringgit, earned 300 million ringgit a year, there is nothing worth mentioning? It is also smaller than bank deposit interest returns.
Therefore, the most important figure is the net per share and (Earning Per Share or EPS). This is the most important figures in the assessment of the value of the stock.
Investors to focus on this figure, always can not go wrong.
The so-called "growth stocks" is the company EPS increasing every year.
With EPS, the assessment that we can easily estimate whether a stock is too high.
EPS remove the stock come to the PE ratio, such as: EPS: RM0.30, the stock price RM1.50, then the PE ratio of RM1.50 ÷ RM0.30 = 5.
The PE ratio is to recover the cost of capital required number of years (see "30-year stock investment experience and detailed discussion of the PE ratio! Can refer to). Usually 10 times the PE ratio is reasonable. However, if the company does not have what growth, it is best to take the PE ratio of 8 times, the fast-growing company, the PE ratio of up to 15 times.
Each of the EPS the RM0.30's company, eight times the PE ratio, and reasonable price for RM0.30X8 = RM2.40, if the current share price of RM1.50 worth buying.
In this way to predict stock prices, opportunistic than in the stock market, a higher grasp.
Must be emphasized that the evaluation criteria of EPS or PE ratio just one of the investors but also with other factors, in order to make the right investment decisions.
For example, another extremely important, is to "grow" cold equations to follow, cheap to buy growth stocks, long-term holding, prospective can not go wrong.
Based on the fundamentals, focusing in the EPS, focus on growth, the rise of the share price followed by the value of the stock, this money, than rely on "speculation" to make money with greater certainty, the risk of lower
Interested in the accumulation of wealth through the stock investors should abandon the "fried" the wind, never speculative.

[USuck]

这在马来西亚用不着。马来西亚人太贪。

This won't work in Malaysia. Malaysians are too greedy.

Now Singaporeans own most of the new properties in Malaysia especially those in Penang, Malaysians will have to work harder to pay for the profit of those Singaporeans. Malaysia boleh!

Now all governments are trying to introduce low-cost housing to win some votes in the coming election. Malaysians deserve to stay in cheap houses as they are not as smart as the Singaporeans and the government is doing nothing to stop it.

  Boleh!!!!!!!!!!!!!!!!

[gongong]

这在马来西亚用不着。马来西亚人太贪。

This won't work in Malaysia. Malaysians are too greedy.

不是太贪，只是想要快点致富嘛！
如果有机会, 难道你不要咩？
SKIM CEPAT KAYA.. kita olang semua manyak suka mia...
kadang-kadang kena jalan short cut sikit ma.. balu boleh fight sama itu inflasi, bang！ mana ada tamak ??

[rich dad_poor dad]

i think the main reason is due to currency singapore dallor 2.4 times to RM

u work same effort in singapore u may get 5000 but in malaysia just get paid 2400 only

Now Singaporeans own most of the new properties in Malaysia especially those in Penang, Malaysians will have to work harder to pay for the profit of those Singaporeans. Malaysia boleh!

Now all governments are trying to introduce low-cost housing to win some votes in the coming election. Malaysians deserve to stay in cheap houses as they are not as smart as the Singaporeans and the government is doing nothing to stop it.

  Boleh!!!!!!!!!!!!!!!!

[ongchef]

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[ongchef]

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[ikan Besar]

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itu manyak leng lah

[ongchef]

ongchef lu ada jumpa itu orange tel no 017-5354679
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sure bor gua kasi lu satu leng punya orange
no dia 014-5354967
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[ongchef]

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018 - 0  42 26 38   
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[早起的虫儿被鸟吃 (Early Worms Eaten by Birds)]

刻舟求剑要不得 (第5篇)
我写股票投资专栏，写了三十多年，我的主张，三十年不变，其中之一就是反对投机，主张长期投资。
我最近出版的“30年股票投资心得”一书，最后一篇为“一万如何变百万”，我举了五个例子：马来亚银行、大众银行、丰隆贷款、OYL和东方实业，证明长期投资，可以致富。
买进这五家公司的股票，平均收藏30年，一万令吉可以变成一百万令吉。
我以30年为标准，是假设一个人由25岁开始工作，到55岁退休，刚好工作了30年。假设他在进入职场投资一万令吉于上述五家公司之一，到他退休时他已是百万富翁。
最近我与一个做律师的朋友用午餐，他告诉我他20年前花数万令吉买进一批云顶的股票，收藏了一两个月卖掉，赚了一万多令吉，他高兴得不得了，假如他收藏至今，这批股票价值超过三百万令吉。
10年前，他在机场遇见一名银行家，该银行家对他说：假如他投资10万令吉于该银行的股票，他退休时将有足够的钱渡晚年。
他听从该银行家的话，以10万令吉买进该银行的一批股票，紧握不放，10年后的今天，该批股票价值一百万令吉。
这名曾在股市翻过筋斗的前辈律师的结论是：长期投资是致富的最佳途径。

大家知道，跟陈水扁争台湾总统宝座的连战，是台湾富豪之一，身家数十亿，我最近看到一份有关他发迹的资料，令我感到惊异的是连战并不像王永庆等人有自己的事业，他的家族只是买进好股及地点优良的地皮，紧握不放，经数十年，靠股票与地产的增值成为巨富。
由于我一而再地强调长期投资，就给人一个错误的印象，就是我主张买进一万令吉的股票后，锁在保险箱，不理不睬，30年后打开保险箱，发现他已成为百万富翁。这个印象，似乎已深入人心，牢不可破。我最近在吉隆坡、槟城和新山举行免费的股票投资心得分享会，目的是要跟大家分享我30年的投资心得，希望有助于散户减少错误。在分享会上，不断的有人质疑紧握股票30年，是不是明智之举。
读者这样质疑，是无可厚非的，因为纪录显示，在30年中能保持技续成长纪录的公司，少之又少，我所举的五个例子，是非常特殊，也是“极品”股。在900多家上市公司中，在30年后，有可能成为“一万变百万”的公司，毕竟是少之又少，不是每一个投资者都有那么神奇的眼光，或是那么好的运气，买到这种股票。
在30年的漫长岁月中，许多公司经不起考验，早已消失无踪，近年来百家上市公司被列为PN4，就是很好的例证。假如你买到这样的公司，早已血本无归，更不要说“一万变百万”了。
照这样说法，我岂不是自打嘴吧？
请允许我先在这里讲一个小故事：
古代有一个楚国人，坐船过河，船行至河中央，他一不小心，背着的一把剑掉进河里，他马上在利剑落水的船边，做了一个记号，船靠岸后，他才从记号的地方下水找剑。问题是船继续前进，剑却留在落水的地方，两者相距已数里，他当然找不到剑，这个故事的成语叫“刻舟求剑”。
股票投资，最忌刻舟求剑。
股票就是公司的股份，好比是船。
公司做生意，好比渡河的船，不断的前进，不断的在变化，剑好比是公司的盈利。
当我们买进公司的股份时，我们是根据当时的环境来预测公司的盈利。
如果环境保持不变的话，我们所预测的盈利当然会准确地出现。就好像我们在剑落水的地方，下水找剑，当然找到剑。
但是，影响公司业务的环境，天天在变，盈利可能受到冲击，公司不但没钱赚，可能还蒙受亏蚀，就好像船已前进，你下水找剑，自然是空手而回。
这说明了，你买进公司的股份之后，一定要贴身跟踪公司的业务进展，切不可置之不理。
如果你发现公司持续不断地成长，就好像马来亚银行、大众银行、丰隆贷款、OYL和东方实业一样，而且以后也还会成长下去，那么你就紧握你的股票不卖，不要说30年，即使50年、60年也可以，西方不是许多百年公司，还在继续成长吗？
长守这样的公司的股票，比短期买进卖出，赚得更多。
丹斯郑鸿标、丹斯里林梧桐、丹斯里李莱生的家族、郭鹤年、丹斯里李深静、丹斯里郭令灿等就是这样成为富豪的。
但是，假如你发现，你持有股份的公司的业务，因环境的变动而日走下坡，而且在可以预见的将来，没有复苏的可能，那么，你再守下去，就是“刻舟求剑”，不但赚不到钱，而且会血本无归，就好像过河客永远找不到他的剑一样。
所以，长期投资的倡议是对的，投资30年的理念也没错，但是，必须配合有效的股票组合管理才有效果，如果一味死守、呆守、守株待兔，兔子已死，守之作么？
如果你发现环境已变，公司已没有前途，不要说赚钱，即使亏本也要脱售，否则你会亏得更多更惨。
所以，买进时应作长期投资的打算，但要逐季、逐年检讨，不可置之不理。
“长期投资”由数个月至数十年，是否继续投资下去，不应由时间，而应由公司的表现决定。
你买进时不妨作终身投资的打算，但是假如股市疯狂，股价被推至极为离谱的高价，你再不出售，你就不是股票投资的料子。
理想与现实
每个人都有理想，每个人都期待理想。
我有我的理想，你有你的理想，BILL GATES也有他的理想，不管你的财富有多少，你都会有你的理想，你都会期待你的理想。
这是很正常的事情。
理想都是在未来，它不可能是在现在。
但是，我们却是生活在现在。

如果我们把现实和理想来个比较，也就是说我们把现在和未来做个比较，我们就会失望。
我们失望是因为理想是多么的完美，它永远都是这样的完美，如果它不完美，它就不应该是我们的理想。
所以，拿现实中的不完美来和理想中的完美来做个比较，我们肯定会失望……非常的失望……
在期待理想的实现中，我们生活在失望中……
这是每个人都会有的感受。
一件很正常的事情。
但是，失望累积得越多，就会动摇我们追求理想的信心。
这就是问题的所在：
丧失信心的理想，是达不到的理想。
丧失信心的理想，只可以算是梦想。
我们都不允许我们的理想变成梦想。
所以，我们绝不能忽视失望，更重要的是，我们绝不能坐视失望的累积。
我告诉女儿：
在期待理想的实现中，我们是生活在失望中……
这是一件很平常的事情。
所以我们将会接受它，全然的接受它……
因为能够接受失望，所以失望就不会累积。
因为能够接受失望，所以失望就化为乌有。
这些都只是思想上的问题。
只要能够在思想上突破，问题就不存在。
问题不存在，失望就消失，理想的实现就变成自然的事情……
通过股票来致富是一个理想。
这个理想是建立在“股票是容易开番”的基础上。
既然理想是完美，那么股票开番就是完美……
既然理想是未来，那么股票开番就是未来……
但是，我们是生活在现实中。
当然，现实是无法和理想做比较，所以，我们就会觉得失望……对我们所选的股失望……
明明是精选的股了，可是我们还是失望。
失望的累积，导致信心的动摇。
这就是问题的所在：我们开始怀疑我们的选择。
尤其是看到烂臭股可以迅速的开番时，我们的信心动摇了……
缺乏信心的理想是无法实现的。
缺乏信心的理想就变成了梦想。
股票开番本来是可以完成的理想，却因为信心的消失而变成了不能达到的梦想。
这就是问题。
要解决这问题，我们就得接受失望。
我告诉女儿：股票不开番，那是因为时机不到，不是因为我们的方法不对。
我们就是如此这样的接受失望……然后把失望化为乌有……
所以，我们可以继续的储蓄，继续的投资……
（这点非常的重要）
通过定期的投资，我们维持了理想。
通过思想的突破，我们接受了现实。
既然已经定期的投资，理想就会照顾它自己，不必我们去穷操心。
所以，我们尽情的享受现在的生活……
我们是生活在现在，不是生活在未来。
理想归理想，现实归现实。
珍惜现在，享受现在……
这才是人生。


(Chapter 5)
I wrote a stock investment column for over 30 years, my ideas, three years, one of which is opposed to speculative, advocated long-term investment.
I recently published "30-year stock investment experience," a book, the last one "how to change millions of" Let me give you five examples: Maybank, Public Bank, Hong Leong loan, the OYL and the East Industrial prove long-term investment, can become wealthy.
Buy the shares of five companies, with an average collection of 30 years, a million ringgit into one million ringgit.
My 30 years as the standard is based on the assumption that a 25-year-old to retirement age of 55, just 30 years. Assume that he is one of the five companies entered the workforce investment ten thousand ringgit, to the time of his retirement, he is a millionaire.
Recently, I have lunch with a lawyer friend, he told me he was 20 years ago to spend tens of thousands of ringgit to buy the stock of a number of Genting, a collection of one or two months to sell, earn more than ten thousand ringgit, he was pleased shall not be , if he has collected so far, the value of these shares over three million ringgit.
10 years ago, he met at the airport, a banker, the banker said to him: If he had invested RM100, 000 in the bank's shares, when he retired, he will have enough money to old age.
Listen to the bankers, to RM100, 000 to buy the bank's batch of stock, grip and hold 10 years later revealed that the value of the stock of one million ringgit.
Senior lawyers turn somersaults in the stock market: long-term investment is the best way to get rich.

As you know, with Chen Shui-bian dispute presidency in Taiwan Lien Chan, Taiwan one of the richest net worth of several billion, I recently saw information a report on his fortune, I was surprised that the Lien is not as Wang Yung-ching have their own career, his family, just buy good stocks and good location of land, clenched tightly, and after several decades, relying on the added value of stocks and real estate to become wealthy.
As I repeatedly stressed that the long-term investment, it gives a wrong impression that I advocate buying the stock of one million ringgit, locked in a safe, ignore, 30 years later to open the safe and found that he has become a million rich man. The impression that has been firmly established, unbreakable. Held in Kuala Lumpur, Penang and Johor Bahru free stock investment experience-sharing sessions, the purpose is to share with everyone my 30 years of investment experience, I hope to help individual investors to reduce errors. In the sharing session, the questioned 30-year grip stock is not a wise move.
The reader questioned is understandable, because the record shows that to maintain the continued technical growth record company in 30 years, very few I have cited five examples, is very special, but also "the best" stocks. More than 900 listed companies in 30 years, may become a status quo million company, after all, very little, not every investor has less than miraculous vision, or so good luck buy this stock.
Long years to 30 years, many companies can not afford the test, has long since disappeared without a trace, in recent years, one hundred listed companies are classified as PN4 is a good example. If you buy this company, has long been down the drain, not to mention the status quo million.
According to this argument, I is not giving itself Zui Ba?
Allow me first to tell a little story here:
Have an ancient state of Chu, a boat across the river, the boats went to the middle of the river, he accidentally, carrying a sword fell into the river, he immediately fell into the water in the sword of the side of the boat, made a mark, the boat he was launched from the marked place to find the sword. The problem is that ship to move forward, the sword, but to stay where downed, the gap between the number of years, he certainly can not find the sword, the idiom of the story called "disregard the changing circumstances".
Equity investments, and very sensitive to disregard the changing circumstances.
Stock shares of the company, like a ship.
Do business with companies like to cross the river boat, forward, constantly changing, the sword is like the company's profit.
When we buy shares of the company, we are to predict according to the environment at that time the company's profitability.
If the environment remains unchanged, the profit forecast will certainly appear. If we place the sword fell into the water to find the sword, of course, to find the sword.
However, the company's business environment, every day is changing, profitability may be affected not only be profitable, the company may also suffer losses, just like the ship has been forward, you find the water sword, nature is empty-handed.
This shows that, after you buy shares of the company, personal tracking the progress of the company's business must not be ignored.
If you find that the company continued to grow, just like Maybank, Public Bank, Hong Leong loan, the OYL and Orient Industry, and the future will grow it, then you hold your shares do not sell, do not say 30 years, even 50 years, 60 years can also be the West are not many hundred companies, continues to grow it?
Keep the stock of this company long than short-term buying and selling, earn more.
Dance Teh Hong Piow, Tan Sri Lim Indus born family 丹斯里李莱, Kuok Hock Nien, Tan Sri Lee deep static, Tan Sri Quek Chan is to be rich.
However, if you find that you hold shares in the company's business, due to changes in the environment and on the decline in the foreseeable future, there is no possibility of recovery, then, you then keep going, "disregard the changing circumstances, not only not make any money, but will lose everything, as if to cross the river off never find his sword.
Therefore, the long-term investment initiatives 30 years of investment philosophy is also true, however, it is necessary to ensure effective stock portfolio management will be effective, if he stubbornly hang on, stay defensive, sit back and wait, the rabbit is dead, keep work?
If you find that the environment has changed, the company has no future, not to mention money, even if at a loss have to sell off, otherwise you will be thanks to the more worse.
So, buy when the long-term investment plan, but quarter by quarter, year after year review, can not be ignored.
Long-term investment from several months to several decades, whether to continue investment down should not be by the time the decision of the company's performance should be.
May wish to make you buy the intention of lifelong investment, but if the stock market madness, the stock was pushed extremely ridiculous high prices, you do not sell, you are not the material of the stock investment.
The ideal and the reality
Everyone has an ideal, everyone is looking forward to the ideal.
I have my ideal, you have your ideals, BILL GATES of his ideals, no matter how much of your wealth, you will have your ideal, you will look forward to your ideals.
This is a normal thing.
Ideal in the future, it can not be now.
However, we are living in now.

If we take the reality and ideals to a comparison, that is, we compare present and future, we will be disappointed.
We are disappointed because the ideal is so perfect, it is always so perfect, if it is not perfect, it should not be our ideal.
Take the reality of imperfect to the perfect ideal to make a comparison, we will certainly be disappointed ... very disappointed ...
Look forward to the realization of the ideal that we live in disappointment ...
This is everyone would have feelings.
A natural thing.
However, disappointed accumulated more, it will shake our pursuit of the ideal confidence.
This is where the problem is:
Loss of confidence in the ideal, unattainable ideal.
Loss of confidence in the ideal, and can only be regarded as a dream.
We do not allow our vision to become a dream.
Therefore, we must not ignore the disappointment and, more importantly, we must not sit idly by the accumulation of disappointment.
I told her daughter:
Look forward to the realization of the ideal, we live in disappointment ...
This is a very common thing.
Therefore, we will accept it, accept it completely ...
Able to accept disappointment, so the disappointment will not accrue.
Able to accept disappointed, so disappointed to come to naught.
These are just ideological problems.
Breakthrough in terms of ideology, the problem does not exist.
The problem does not exist, the disappointment disappeared, the ideal becomes a natural thing ...
To get rich through the stock is an ideal.
This ideal is based on the "stock is easy to open the Fan".
Since the ideal is perfect, then the stock opened Fan is the perfect ...
Since the ideal is the future, then the stock opened Fan is the future ...
However, we are living in reality.
Of course, the reality is not and ideals, we will feel disappointed ... we selected stocks disappointed ...
Obviously the selection of shares, but we are still disappointed.
The accumulation of disappointment, leading to confidence shaken.
This is where the problem is: We begin to doubt our choice.
Can quickly see the rotten stinking shares open Fan, our confidence shaken ...
The ideal of a lack of confidence can not be achieved.
The ideal of a lack of confidence becomes a dream.
The stock opened the Fan was an ideal that can be completed, and has become the dream can not be achieved because of the disappearance of confidence.
This is the problem.
To solve this problem, we have to accept disappointment.
I told her: the stock does not open the Fan, it is less because the timing, not because of our wrong way.
We accept disappointment is so ... then the disappointment vanished ...
Therefore, we can continue to savings, investment continued ...
(This point is very important)
Through regular investment, we maintain the ideal.
A breakthrough in thinking, we have accepted the reality.
Have been regular investment, the ideal would be to take care of its own, do not we go to the poor to worry about.
Therefore, we enjoy, now living ...
We are living in now, do not live in the future.
That's the ideal, the reality is the reality.
Cherish, to enjoy now ...
This is life.

[早起的虫儿被鸟吃 (Early Worms Eaten by Birds)]

How to translate 刻舟求剑要不得 in english ?
Google translate = Disregard the changing circumstances be tolerated

[USuck]

不是太贪，只是想要快点致富嘛！
如果有机会, 难道你不要咩？
SKIM CEPAT KAYA.. kita olang semua manyak suka mia...
kadang-kadang kena jalan short cut sikit ma.. balu boleh fight sama itu inflasi, bang！ mana ada tamak ??

If there is no victim, I sure want.

But goreng money is cruel, sure son got no backside.

[ubi kayu]

If there is no victim, I sure want.

But goreng money is cruel, sure son got no backside.

In the real world, there are lots of other things much more cruel than goreng

[gongong]

哎呀，世上最高回抽的投资莫不如积阴德！
一个人要成功，要大富大贵，其大部分的因素在于“德”，唯有“德”才能立命！
我所指的是大富大贵，不是那单单的大富，而是大富与大贵！
有些人大富并没大贵，有些人大贵并没大富！
郭老有那么大的成就，其因在何处？
也许，郑格如居士早已懂得其奥秘-“儿孙能如我，何必留多财；儿孙不如我，留财亦是空！”
小弟只是分享心得，要是不认同，请多多指教！

[ikan Besar]

In the real world, there are lots of other things much more cruel than goreng

etc ....mahu tarik olang punya ku ku chiao sampai 18 " and let go kasi
           terbang   maciam itu balloon

[gongong]

If there is no victim, I sure want.

But goreng money is cruel, sure son got no backside.

那可是见仁见智，得问问你自己咯！是在造“富”，还是造孽，哈哈。。。
只有你真正晓得！凡事在于一念之差，并非于果！
LarFengKo，是好人是坏人？

[Liveon]

Now Singaporeans own most of the new properties in Malaysia especially those in Penang, Malaysians will have to work harder to pay for the profit of those Singaporeans. Malaysia boleh!

Now all governments are trying to introduce low-cost housing to win some votes in the coming election. Malaysians deserve to stay in cheap houses as they are not as smart as the Singaporeans and the government is doing nothing to stop it.

  Boleh!!!!!!!!!!!!!!!!

The Singapore goverment is the smart one, while ordinary singaporean are the lucky one. Singaporean's major income are from their property investment in Singapore, not in Malaysia. They are buying Malaysia property mainly because Malaysia properties are much much cheaper compared to Singapore (they have much cash to spare after selling their properties in Singapore). There is actually a pros & cons in any cause. The obvious pros for this would be, it will boost up the property price in Malaysia and soon there will be more & more Millionaire in Malaysia like in Singapore, cons would be lots of people especially younger generation will not afford to buy a house. There is no absolute right or wrong on the government policy. Just a matter of which category a person's in.