Rank: Member Joined: 10/26/2015 Posts: 151
|
kimanimsc wrote:MadDoc wrote:nashx wrote:zizzi wrote:Rollout wrote:Everything Mr Buffett say is sweet for the ear but the fact of the matter is no one has become wealthy by following the fundamentals as Mr Buffett would advise you to. Apart from Mr Buffett no one can name anyone in millioniers club who made their money investing the Buffet ways. You are a millionier because you are an entreprenuer or because you are a corporate raider or an hedge fund manager( short sale and marginal trading).
Income statement is full of top-sides, reserves and true-ups.
Perhaps, but the fear of failure is surely no reason to not try.. Basically, I have no other ideas on how to make cash...so while I can, I am gonna try this. So far, what i found is that to invest like this, you need an insane amount of discipline. After all the only way to buy a company cheap is when others dont like it...otherwise it would be expensive isnt it? So you need to analyse the company, the balance sheet, especially if it is in trouble, does it have the power to sustain the bad period. You have to make a call and then go with it. The Kenyan market is small and would not necessarily expose an investor to the true vagaries of the market. Having said that, there have been some amazing companies on the NSE which are cheap..now though, with the rally, very few companies offer true compelling value - their share prices however may still go up substantially but because I compare to the fundamentals, I would not invest..perhaps to my own detriment. Which are these companies that you consider cheap...for myself fundamentally I consider Kenya re to be a cheap string share...kengen too Williamson Tea and Kapchorua For Williamson, does 8,756,320 shares include last year's 1:1 bonus? Hapana. It's around 17.5 million shares right now
|