Warren Buffett is undoubtedly the world’s best investor. Aside from his excellent ability to analyze a company’s fundamentals, he is also very good in knowing when to buy stocks and when to sell it. While knowing when to sell is quite tricky, knowing when to buy stocks the Warren Buffett way is easy. The ideal on when to buy stocks is to “Buy low and sell high.” Ironically most people only pay lip service to this fundamental principle on when to buy stocks because what most are doing is exactly the opposite. For example in 2007 people were asking the “experts” when to buy stocks. The “experts” said “now” in order not to be left behind. The Philippine stock index (PSEi) was at 3800 points (from a mere 1000+ points) The “experts” at that time were saying that it will reach 4400 points. At 3000 points, people want a slice of the action so they jumped into the band wagon and bought when stocks were at its all time high. The PSEi eventually reached 3800 points but never went … [Read more...]
Applying value investing in the Philippine stock market
Ever since I started reading Warren Buffett books more than 3 months ago, I had been hooked on value investing. I bought all the value investing books I could get my hands on. Perhpas I should consider taking some diet pill to stave of my hunger for value investing books. hehehehe :-) I wrote about my value investing book purchases in the post entitled “How Warren Buffett made me poor” and “I’ve got the latest Warren Buffett book!” Recently, I read some Benjamin Graham books. Benjamin Graham is Warren Buffett’s mentor and is considered the “Father” of value investing. “Value investing” according to Wikipedia “involves buying securities whose shares appear underpriced by some form of fundamental analysis” Graham refers to value investing as buying an item worth $1.00 for half the price. The definition of “Value investing” has evolved throughout the years and has been refined by Warren Buffett. Warren Buffett is said to have a consistent above 20 % return per annum for more than 50 … [Read more...]
Manny“Pacman” Pacquiao vs. Oscar “Golden Boy” De la Hoya youtube video and live streaming
Finally, the fight we all have been waiting for and dreaming about is coming on Saturday, November 6, 2008 (Sunday in the Philippines) when Manny“Pacman” Pacquiao trades fists with Oscar “Golden Boy” De la Hoya ! The delayed telecast will be broadcasted in the Philippine local channel, GMA 7. However I am sure that people will be all over the internet looking for the Manny “Pacman” Pacquiao vs. Oscar “Golden Boy” De la Hoya youtube video and live streaming So will experience and size overcome speed and sheer force? Oscar “Golden Boy” Dela Hoya will try to prove to the world that the former will prove to be an asset than the latter while Manny“Pacman” Pacquiao will try to prove otherwise. For some it is a mismatch. Others say that Manny “Pacman” Pacquiao should wake up from his dream of beating Oscar “Golden Boy” De la Hoya. Their advice to Jinky (Manny’s wife) is found in Kenny Roger’s song “Don’t fall in love with a dreamer. On the other hand Freddy Roach is telling the … [Read more...]
Too much politics killed Andres Bonifacio
Yesterday, November 30 we celebrated the birthday of one of our Philippine heroes, Andres Bonifacio. However the holiday was moved to today, December 1 by virtue of the President’s “Holiday economics.” Andres Bonifacio is dubbed as the "Father of the Philippine Revolution." He was one of the main leaders in the Filipino revolution against Spanish rule. Andres Bonifacio founded the Katipunan, an organization whose purposes were to defend the poor and the oppressed, promote good morals and to liberate the Philippines from Spanish rule through taking up arms. Usually, a public holiday is declared to celebrate the death of a hero. However in the case of Andres Bonifacio, it his birth that is being declared a public holiday and not his death. The reason for such is because unlike other heroes who died in the hands of the enemy, Andres Bonifacio died in the hands of his fellow country men. Some historians contend that the death of Andres Bonifacio was a result of the classic “rich … [Read more...]
The financial script of life
Have you ever tried seeing a movie by watching the ending first and working your way backwards to the beginning? Sounds weird hugh? But that is exactly what we will be doing now. For most people, sadly their financial script of life ends with the words “Bankrupt” instead of “. . . .and they lived happily ever after” that is, they end up relying on their little social security pension or worse rely on their children to take care of them . So how does an educated middle income individual end up with the words “bankruptcy” written at the end of his script of life? Watch this youtube video on the financial script of life. After the video on the financial script of life, there are other informative videos as well such as the effect of interest rate, the difference between an asset and liability and the types of investor. This youtube video on the financial script of life is courtesy of the International Marketing group (IMG) of which I am a member of. Although I am not a very … [Read more...]
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