PTM 0.83% $1.19 platinum asset management limited

ok Fair. Yes I dont think so much about "valuation" and...

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  1. 643 Posts.
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    ok Fair. Yes I dont think so much about "valuation" and "quality" or "growth" and "value".
    Maybe more "instrinsic value shrinking business" vs "intrinsic value growing business".

    I meant that LYL is a business you can get your sell decision wrong (i.e. hold when people say sell) and sooner or later in the long term it will pay off (because it has a rising intrinsic value - cyclical but rising). PTM is more a cigar butt type investment with a structurally shrinking intrinsic value. You can make a lot of money out of cigar butts but you need to get the valuation right.
 
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