Oct 9 2014, 03:30 PM
QUOTE(Boon3 @ Oct 9 2014, 09:08 AM)
huh?
Ok. I do not mind repeating.
This year or rather recently.
What did he say?
He warned about overvalued markets.
No problem.
That's his opinion.
Last year he made the following statement: "Shares on Bursa Malaysia are not cheap… many stocks are overvalued at present,”.
Proof that I do no twist any words: http://www.thestar.com.my/Business/Busines...overvalued.aspx
Every year he also say markets overvalued. Am I twisting this statement?
Well Uncle Ah Goog very powderful.
Cannot run cannot hide.
http://www.theedgemalaysia.com/features/18...uy-on-dips.html
Scroll down and you will see the following statement.
Yup, since 2010, he insisted the markets not cheap/valuations not attractive and then overvalued and more overvalued.
That's what he says each year.
And each year, this stock, this closed end fund, has seen its cash balances increased....
Can you find annual reports online?
Here's 2011 annual report link: http://www.bursamalaysia.com/market/listed...ncements/917504
Look for the balance sheet.
Can see short term deposits + cashand bank balances?
In 2010 the total cash was 103,925,260.
In 2011 the total cash was 115,907,950
Latest: the total cash balances is more than 240 million.
You tell me what he's doing as a fund manager?
He's collecting cash by disposing some of his good stock picks (like I said, I do give him credit for starting the fund at the right time and picking some good stock picks).
Cash increased from 103 million to 240 million.
Every year when he's embarking on this strategy, he claims the market is overvalued....
Fact: In 2010, the CI started at 1272 points.
What's the CI today?
Answer? ........................................
Read this again: http://klse.i3investor.com/blogs/kianweiaritcles/61168.jsp
If you understand what was written above, clearly iCapital has done rather poorly since 2010.
Why?
Cos the fund played safe and adopted a cash policy...
BUT each year, market grew higher and higher, which means his strategy to stick to cash is wrong!
It's like football.
The team score 2 goals in the first 5 mins...
then decide to play safe for the rest of the match.
For sure: result wise, that team above did very well (IF they hold on) and win the match.
But for fans.... they have to endure a very boring and lifeless match for the rest of the 85 mins....
Yes, for some it's acceptable but for some... it's a no.
Back to the original statements.
Every year, Teng Boo says markets overvalued.
Well if he keeps this up...
and since the fact that no market can go up forever and ever....
soon... one year.... he will be correct.
And our markets...
they are rather selective in memory....
they will remember his statement for saying market is overvalued....
and since he is correct for that year (in the future)....
yes, most likely he will be considered a genius!
Ok. I do not mind repeating.
This year or rather recently.
What did he say?
He warned about overvalued markets.
No problem.
That's his opinion.
Last year he made the following statement: "Shares on Bursa Malaysia are not cheap… many stocks are overvalued at present,”.
Proof that I do no twist any words: http://www.thestar.com.my/Business/Busines...overvalued.aspx
Every year he also say markets overvalued. Am I twisting this statement?
Well Uncle Ah Goog very powderful.
Cannot run cannot hide.
http://www.theedgemalaysia.com/features/18...uy-on-dips.html
Scroll down and you will see the following statement.
Yup, since 2010, he insisted the markets not cheap/valuations not attractive and then overvalued and more overvalued.
That's what he says each year.
And each year, this stock, this closed end fund, has seen its cash balances increased....
Can you find annual reports online?
Here's 2011 annual report link: http://www.bursamalaysia.com/market/listed...ncements/917504
Look for the balance sheet.
Can see short term deposits + cashand bank balances?
In 2010 the total cash was 103,925,260.
In 2011 the total cash was 115,907,950
Latest: the total cash balances is more than 240 million.
You tell me what he's doing as a fund manager?
He's collecting cash by disposing some of his good stock picks (like I said, I do give him credit for starting the fund at the right time and picking some good stock picks).
Cash increased from 103 million to 240 million.
Every year when he's embarking on this strategy, he claims the market is overvalued....
Fact: In 2010, the CI started at 1272 points.
What's the CI today?
Answer? ........................................
Read this again: http://klse.i3investor.com/blogs/kianweiaritcles/61168.jsp
If you understand what was written above, clearly iCapital has done rather poorly since 2010.
Why?
Cos the fund played safe and adopted a cash policy...
BUT each year, market grew higher and higher, which means his strategy to stick to cash is wrong!
It's like football.
The team score 2 goals in the first 5 mins...
then decide to play safe for the rest of the match.
For sure: result wise, that team above did very well (IF they hold on) and win the match.
But for fans.... they have to endure a very boring and lifeless match for the rest of the 85 mins....
Yes, for some it's acceptable but for some... it's a no.
Back to the original statements.
Every year, Teng Boo says markets overvalued.
Well if he keeps this up...
and since the fact that no market can go up forever and ever....
soon... one year.... he will be correct.
And our markets...
they are rather selective in memory....
they will remember his statement for saying market is overvalued....
and since he is correct for that year (in the future)....
yes, most likely he will be considered a genius!
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