looking bullish, page-48

I dont follow charts or use charts.

My principles are very clear

I dont beleive in looking at historic data you can predict the future

I'm firmly believe if I can understand the business and like the business and it worth a $1 and I can acquire for a lot less I'm buying in big time..

Charters can scream and headlines can run mad I buy with my eyes close...

There are always good opportunity for those who put in the effort to seek them.

I always look out for wonderful business that got punished by the market due to fear and uncertainty and trade below its earning power..

it doesnt happen often but it does happen often enough for me to pile large junk of money on each time to work that compouding machine...

I buy into fear while other are heading for the exit ...
it's not that I like thrill seeking, I just happen to have strong conviction in all my research and I beleive the information I know are better than the guys that sell me the stocks on the way to the exit.

some stocks I know intimidly for years before I
commit the capital...I only bought CAB this year but
it appeared on my radar 3 years ago and I know people who
has taxi plate and run taxi and the industry pretty well...

I also look out for up coming champion with business model I like with very strong balance sheet that poke fun at babcock and centro

Once I like something I devote a fair bit of my time to learn more and more about the business.....with that understand I can come up with a figure that is fairly accurate and reflect the value of the business

I then use my super simple 30 second formular to work out a price I should be paying for this business....

if it trades below this price I buy and I forget
dividend stream start to come in a few months later and with time and patient, this dividend stream will increase along with modest capital appreciation.

that dividend stream then pile up for the next un-love champion and new up coming champion....

who say buy and hold doesn't work any more?.... I know the fund managers and the high paying brokers of this world that got disillusion buying shitty business

and when thing blow up they put up their hand and said, market are so volatile buy and hold doesn't work any more, need to buy, sell,buy, sell and keep those
fees fat in their pocket ....

if I find nothing worth buying I just sit around until
someone got punished by the market or small champion appear on my radar

there is no requirement for me to put my cash into stocks I don't like....

I can sit around all year doing nothing...
that doesn't mean I stop researching and reading ..I just dont commit my capital to a stock I don't think provide good value...

I do the same stuff every week and every year.
I find it fairly interesting, understand different business model, how each business make their money and you feel good every time you buy a dominos pizza or drink a coke or punt on your favorite soccer team on Centrebet

knowing that you put a fair chunk of your cash into these business and it deliver great return while you enjoy simple things in life...

some business I never ever use in my life but I still put large chunk of cash into them because I know a lot of other people do..

I'm in the middle of buying 2 small champion and I'm not finish buying so I wont let it out of
the bag :-) could take me several months to get the quota and price I want

but a broker spoil my halfway party with a buy recommendation yesterday and stock jump and keep going up in the last few days..

but with patient I will get the quota and the price I want

I follow principles and frame work that our great fore fathers in investing has put it out in the public for many generation now ... those who seek them will find it and prosper...