tag:blogger.com,1999:blog-28086856.post6483711170744763466..comments2024-03-20T01:42:13.273+08:00Comments on Eight percent per annum: Value investing in Singapore stocks: If you don’t know the jewellery...Jayhttp://www.blogger.com/profile/03292158817395898619noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-28086856.post-41097259067424809762009-12-17T13:55:35.834+08:002009-12-17T13:55:35.834+08:00Hi Lattemoney,
You have a really nice blog. I wil...Hi Lattemoney,<br /><br />You have a really nice blog. I will put up a link right away!Jayhttps://www.blogger.com/profile/03292158817395898619noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-1620370678993919032009-12-17T13:55:11.219+08:002009-12-17T13:55:11.219+08:00Hi Berkshire!
Thanks for dropping by. It's re...Hi Berkshire!<br /><br />Thanks for dropping by. It's really great to see your addition of Buffett's approach in sizing up people. Much appreciated.Jayhttps://www.blogger.com/profile/03292158817395898619noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-9190569162077406992009-12-17T13:53:25.230+08:002009-12-17T13:53:25.230+08:00Hi Lau, as a retail shareholder, you can only judg...Hi Lau, as a retail shareholder, you can only judge management by their actions over time by reading media reports. As stated in towards the end of my post. A lot of info can be extracted from public domains actually which some times is good enough to judge whether a management is good or bad. Take a look at my analysis of CK Tang.Jayhttps://www.blogger.com/profile/03292158817395898619noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-36775834793635399662009-12-11T13:47:35.623+08:002009-12-11T13:47:35.623+08:00this is well writen 8percentpa. nice :)
i was won...this is well writen 8percentpa. nice :)<br /><br />i was wondering if you'd like to do link exchange with my new blog at http://www.lattemoney.com/ please? i have already linked to you.lattemoneyhttp://www.lattemoney.com/noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-41117182481981232662009-12-06T00:50:30.729+08:002009-12-06T00:50:30.729+08:00Management is surely most important. The most impo...Management is surely most important. The most important thing is how seriously the management views their fiduciary duty for shareholders. Ultimately, management is the steward for shareholders who have placed their trust in them. <br /><br />But, the duty of establishing the trustworthiness of the management ultimately lies with the investor to gauge. No doubt, a retail investor can hardly gain decent access to management. But that does not hinder the retail investor for it is up to the investor to learn and gauge how they place their trust in others. It is not much use to have all access to management if the management in the first place is of shady character. Gauging a person character is surely the hardest task, but it is a skill to be learnt and try to strengthen it. Buffett mentioned there're 3 qualities when he size people up in business - integrity, intelligence and drive. All 3 are must-haves. But the most important is integrity because lacking which, having the other two only harm others because it is far easier to rob with the point of a pen than a gun. The smarter people with brains but lacking character would be the Madoffs than a bank robber.<br /><br />As for Buffett, surely he can access any management he wants to given his current status. But let's not forget such status are not a given when he started out. Surely, he does not have such access 30, 40 or 50 years ago.<br /><br />Even today, he does not necessary reach out to management. For instance, Moodys, he had never talked to the CEO of Moodys (if I am not wrong, I recall reading it somewhere).Berkshirehttps://www.blogger.com/profile/02415080722037608944noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-2747895559876205112009-12-04T23:22:11.664+08:002009-12-04T23:22:11.664+08:00Definitely management plays an important part in t...Definitely management plays an important part in the future prospects of the company.<br /><br />But, how can a normal individual layman meet with the management to determine their strength?<br /><br />You are comparing with Buffett! He can meet management any time he wants and he can probably even tell them what to do.Lauhttp://anifaview.blogspot.com/noreply@blogger.com