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Follow Warren Buffet....
Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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Do not think about when the market will tank.It is simply time to buy for there will never be a better chance.......Warren says if you wait for the Robins,spring will be gone.......Am doing exactly that......buying buying buying and more buying......but don't follow me blindly....meanwhile........ http://business.timesonl...ance/article4968888.ece
Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Buffet was refering to the advanced global market mainly US (nyse,nasdaq,amex) Third world ( frontier) markets are peculiar. Nse (nairobi) is more peculiar. This market was already bearish before the crunch. This is only my opinion. You are your best teacher. Majority opinion may not necessary be the best opinion. AFRICAN INVESTOR The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Member Joined: 2/12/2008 Posts: 345
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@njunge..... Warren B. also belives everytime is buyin tym...as long as you kno what u are doin. Everyone here is buyin...pain is that lookin at the prices now u feel u shouldn't have bought when u did!!... Its not about buying... Its how u do it. Warren's way is periodical consistent buying over time regardless what market is doin... He 's made jokes about never havin seen stock prices for last 3 years!.. Either spread buy...or if buyin at once do it on strategic planning. Buy at once when u are convinced of turnaround. I'm pretty sure that personally u know and know so well that market isn't picking up soon..especially with coop goin on.
' I have heard of You,o Lord. Now mine eyes have seen thee!! Baal-Perazim.. The Lord of the Breakthrough!!'
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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Advanced or not,peculiar or not,the trends in all markets have similar traits........ @Jammo, You have put it rightly.To continue spread buying for the entire bargain period.Of course you do not expect to wake up one morning and walk up my broker with 10M and tell him..'Give me one of those'...The more the bear lasts,the better. Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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@ Njunge I was also looking for exactly this link coz i read it somewhere recently,I think the man summarises everything on stock trading,thats what has made him richer than the Kenya,Uganda and Tanzania,he does not have a glitzy new product to sell,he just sells insurance and buys shares. He may not look at stock prices,but he does look at balancesheets and company values. He recently sunk $5billion in the NYSE,targetting General electric and Morgan Stanley (an investment bank!!!!!). We don't know how long the NSE will sink,but entry at current prices is a good idea. Take a case like Safcom @3.85,KCB @20,KQ@35,equity@180. Bargain!!! bargain!!! bargain. Is there something like a moneyday "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Member Joined: 2/12/2008 Posts: 345
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Strategic. With 10m...should access touch 15-18...Give me all of THOSE!!
' I have heard of You,o Lord. Now mine eyes have seen thee!! Baal-Perazim.. The Lord of the Breakthrough!!'
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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@Ngunje, Chronic bearishness just like AIDs is real in nse !!! For retail investors like us skill of managing bull market is different from bear market. One of the popular skills is hold it and observe to get a stable price. Knowing the stable price is a different subject for another forum or future seminar. I had held cash watching my most sought afterKCB at 26,25,24,24.....20 and it will not be a suprise if it goes below 20 this week or next all happening within a spade of 6 weeks. For people with large capital it is not a problem. But for retail investor like me trying to build my next egg,all shilings counts to average out. .I pray all of us manage the situation well. I This is my last 2 cents on this subject. Hakuna Matata Best Regards Young, Lagos,Nigeria AFRICAN INVESTOR The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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@Young, It's not really a matter of large pockets.Ordinary folks like you and me do it all the time.Nobody,here or even in high heaven can predict when the prices reach rock bottom.In your case,you could have picked bits at 24,22,20 and maybe even 19.Suppose today's price is the last least?....An upswing comes with a huge momentum.In a matter of days and before your buy order goes through the thing goes to 35..........You would agree it's better to be on the sideline cheering an upsurge than chasing fast moving buses....Again,it's all about buying for long term.Buffet for example is targeting 2016... and am also not in a hurry too.... Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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watch the market ............feel good effect and prove me wrong......thanx God i took position. Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Took position with KCB bulk at 17.50 in block instead of spread buy at different high prices . Guess who is better of ? Kind Regards my friends Mainat,Miefu,Njung'e and other numerous friends in Kenya.Congrats on Obama. Africans should know it is possible,yes we can,any way any time,any endeavour. Young, Lagos,Nigeria AFRICAN INVESTOR The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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@Young, Win win....am over the top with EB....Picked 30K pieces at 119 and 122.....was i wrong?? Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Absolutely !!! Thanks and bye AFRICAN INVESTOR The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Veteran Joined: 7/24/2008 Posts: 781
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im so happy today,i had bought so many stocks i had ran out of money and just as i was about to start crying,the market got me with my pants up.....i wont buy for a long time to come....halleluiyah.. The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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Rank: Member Joined: 3/23/2007 Posts: 127
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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Buffet is smart... and when he buys he looks at fair price (intrinsic value) not the current price... what I mean is that WB buys when he think the price is right (or undervalued)... so it matter little if the price drops coz it will come back... **** Of course,the fundamentals - economy,industry,sector - have to be the same... Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 6/3/2006 Posts: 553
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His latest buy BSNF Quite a business this is. Some fellas locally were to/did pull off the same. The thicker the thigh the sweeter the pie. The thicker the thigh the sweeter the pie.
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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Buffet doesnt buy 'turnaround' businesses... BNSF was doing OK thank you... but he gave it some whoomp... whereas RVR (old KR) was a dead business & now even deader! Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 9/24/2009 Posts: 20
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The reason WB looks at long term is because he has experience in short term failures. Dude was once bankrupt,owing over a billion USD and look at where he is now? He actually used to advise Bill Gates: compare their networth.
The last time global recession hit stocks this big was in 1929 and the market did not recover for about 5 years. Most of you,NSE (and for some your parents) were just rumours back then and it might break some hearts and egos to say the market will have recovered by 2016 as some collumnist put it...and most of you are lucky the slump taught you this early in your not-so-elaborate 'stocks careers'. Lets all stand up and clap for the recession.
I mean lets all invest for 2030 and 2040 not for an unprecedented act of God that will take the NSE all share Index to 10,000...because,that wont happen.
Nairoberry-'The darker the berry the sweeter the juice'
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Buy and hold doesn't work all the time. Infact,it only works if you buy months before an economy hits rock bottom. And this doesn't apply in every market... www.mjengakenya.blogspot.comSehemu ndio nyumba
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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@nairobbery - Erm,when was WB bankrupt? Puhleeze tell me with sources... WB is not Donald trump... **** @mainat - Well,the B&H strategy is not absolute... meaningu do sell at some point if there are better opportunities BUT if done the WB way produces much better results than any trader I have read about... Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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