tag:blogger.com,1999:blog-61437481789585680802024-11-01T03:33:27.276-07:00A place where i pour out my financial thoughts and philosophies. I'll blog in my spare time (for the moment), on the topic that i like to talk about.Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.comBlogger58125tag:blogger.com,1999:blog-6143748178958568080.post-59028479390802337382012-11-08T08:55:00.001-08:002012-11-08T08:56:06.962-08:00

If you have invested in ICAP on 11th Jan 2008, you would have paid RM 2.78 per share for it, while its NAV is RM 2.22 . Over the next 4.5 years, the NAV risen from RM 2.22 to RM 2.94 on 22nd June 2012, for a total growth of 32.4% during this period.But the same can't be said to your return as a shareholder during these period. The market price on 22nd June 2012 is only RM 2.15, giving you a

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com7tag:blogger.com,1999:blog-6143748178958568080.post-68830795742658043282012-11-07T09:27:00.002-08:002012-11-07T18:15:09.833-08:00

Feeling lost and unsure what to vote in the coming Icapital.biz Bhd's AGM ? Do read what Buffett have to say, and i really hope Mr Tan Teng Boo will read this and act in the interest of the share owners, NOT JUST SAY (like mentioned by Buffett below). "The companies in which we have our largest investments have all engaged in significant stock repurhases at times when wide discrepancies existed

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com2tag:blogger.com,1999:blog-6143748178958568080.post-76860806267414096552012-11-06T00:07:00.001-08:002012-11-07T09:33:59.815-08:00

Dear fellow shareholder of Icapital.biz Bhd. As of 2nd November 2012, funds managed by Laxey Partners Ltd ("Laxey") owned 9,645,191 shares in Icapital.biz Bhd ("ICAP"), being 6.89% of the shares in issue. Laxey have been a Shareholder since 2010 in ICAP. The purpose of this letter is to provide Shareholders with information relating to the Resolutions to be tabled at the forthcoming AGM. We

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com5tag:blogger.com,1999:blog-6143748178958568080.post-19576567616945004392012-03-29T07:48:00.004-07:002012-03-29T08:11:36.705-07:00

I came across a forwarded email promoting a 1 day Value Investing Seminar, talking about philosophies and investment styles of Benjamin Graham, Philip Fisher and Warren Buffett .The email (written by the organiser) is as follows:"If you like to get rich quickly, this is the way. Please kindly circulate this to all your friends who are also interested to get rich quickly."Well, I did forward and

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com4tag:blogger.com,1999:blog-6143748178958568080.post-15673451910671601482011-12-23T08:37:00.000-08:002012-02-10T23:06:55.626-08:00

After digging about Avenue Hotel Property Scheme, i thought it might be a good thing to share here.Info about Avenue Hotel Property Scheme (PDF).Company's website: Avenue Properties Bhd.My research:1) From the prospectus (http://avenuepropertiesberhad.com/pdf/avenueproperties_prospectus.pdf), look at page 40. The company’s RM 5 Million paid up capital is NOT funded by cash, but by Director’s

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com15tag:blogger.com,1999:blog-6143748178958568080.post-56858684532608272952011-09-25T07:07:00.000-07:002011-09-25T07:11:39.645-07:00

This article was extracted from Warren Buffett's letters to Berkshire Hathaway's shareholders in 1994. It's available at : http://www.berkshirehathaway.com/letters/1994.html____________________________________________________________________We try to price, rather than time, purchases. In our view, it is folly to forego buying shares in an outstanding business whose long-term future is

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com3tag:blogger.com,1999:blog-6143748178958568080.post-51028703003848400272011-08-10T09:09:00.000-07:002011-08-10T09:17:04.006-07:00

Take a look at what Warren Buffett wrote to his investors at July 12, 1966 after Dow Decline by more than 10% since it's peak to May that year. Sounds familiar to what we're facing currently? "I resurrect this "market-guessing" section only because after the Dow declined from 995 at the peak in February to about 865 in May, I received a few calls from partners suggesting that they thought stocks

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com1tag:blogger.com,1999:blog-6143748178958568080.post-80898825303556684202010-11-12T23:32:00.001-08:002010-11-13T02:01:07.520-08:00

1. Is it possible to be millionaires from employment? 2. How about getting paid in millions a year from employment? 3. How about getting paid in millions a year before 40 years old and worth at least 100 millions in Net Worth purely from employment, and that company doesn't belong to your parents (or relatives) ?Take a look at Value Partners Group. In the year 2007, the executive directors of the

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com2tag:blogger.com,1999:blog-6143748178958568080.post-78279532673333291042010-10-21T06:22:00.000-07:002010-10-21T07:14:00.831-07:00

Is Gold a good investment?It depends what's your definition of "good". When compared to cash, i think Gold is a better choice, since government have the legal license to keep printing money and thus diluting our cash while we're not compensated enough from interest earned from our cash. That is assuming you're not buying Gold at an overvalued price. But i don't keep my surplus in "cash". I don't

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-73096230276564834062010-09-18T00:55:00.001-07:002010-09-18T19:53:04.951-07:00

Here's a letter i wrote to a fund manager (investment-linked) of a local insurance company. Until today, there's no reply from them.In the year ending Nov 30th, 2007, A** Equity Fund had 92.6% in Equities. That time, the index was 1,396.98. 1 year later, when KLCI is at 866.14, A**'s Equity Fund's equity exposure drop to 42.5% ! Isn't that "buy high, sell low"?Put it another way, the summary is

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com6tag:blogger.com,1999:blog-6143748178958568080.post-46291216912505857642010-08-16T08:46:00.000-07:002010-08-16T09:19:35.505-07:00

This article was extracted from Warren Buffett's letters to Berkshire Hathaway's shareholders in 2006. It's available at : http://www.berkshirehathaway.com/letters/2006ltr.pdf____________________________________________________________________Let me end this section by telling you about one of the good guys of Wall Street, my long-timefriend Walter Schloss, who last year turned 90. From 1956 to

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com2tag:blogger.com,1999:blog-6143748178958568080.post-23507226443365441942010-05-31T16:27:00.000-07:002010-06-08T03:33:48.876-07:00

Do you need life insurance? If yes, how much life insurance do you need? Why would a person wants to buy something that they won't be benefiting from it when they're alive?The truth is, you don't need life insurance. However, your dependence might need it! So, purchasing life insurance (especially when it's bought for the right reason) for your dependence, be it your parents, spouse or children(s

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com10tag:blogger.com,1999:blog-6143748178958568080.post-90886744193880559512010-05-05T03:34:00.001-07:002010-05-06T17:12:28.837-07:00

Before i tell you the TRUTH behind those "The Truth about Mortgage Reduction", i would like to share with you a story:'Once upon a time, a Young Engineer with an income of $3,000 per month noticed he had extra time (after work). Thus, he decided to use the extra time to work in Mcdonalds as a cashier, earning RM 5.00 per hour. In a month, his part-time salary was around RM 500, since he worked 4

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com7tag:blogger.com,1999:blog-6143748178958568080.post-40098384771414501022010-05-04T22:11:00.000-07:002010-05-04T22:23:20.412-07:00

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-31734523667019681152010-04-11T09:03:00.000-07:002010-05-05T06:45:07.562-07:00

How to Become WealthyNine Truths That Can Set You on the Path to Financial Freedom#1: Change the Way You Think About MoneyThe general population has a love / hate relationship with wealth. They resent those who have it, but spend their entire lives attempting to get it for themselves. The reason a vast majority of people never accumulate a substantial nest egg is because they don't understand the

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com1tag:blogger.com,1999:blog-6143748178958568080.post-20274326220823425932010-04-03T03:34:00.000-07:002010-04-03T05:02:56.936-07:00

Gordon Gekkon on the movie "Wall Street (1987)" says, "I don't throw darts at a board. I bet on sure things"Sun Tzu says, "Every battle is won before it's ever fought.”"You make money when you buy, NOT when you sell."Think about it!.

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-37007356638382759472010-04-01T06:47:00.000-07:002010-04-01T07:34:10.341-07:00

Confucious says, "A man should practice what he preaches, but a man should also preach what he practices.". After reading this, i believe i should preach more what i practices for the society to see things the way i see it (and condemn on my mistakes too!).He also says, "If you think in terms of a year, plant a seed; if in terms of ten years, plant trees; if in terms of 100 years, teach the

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-29112374425614628482010-03-06T05:32:00.000-08:002010-03-06T05:37:01.178-08:00

Q: Calculation of Intrinsic value depends on how accurate is business evaluation on projected income growthA: I don't use that, because i don't forecast/ project. I don't see any difference in forecast vs speculate, which to me, both are gambling. Ask any person who does business/ in the sales line, and ask them to project their income growth "accurately" (some so-called analyst even project to 2

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-7109843326247936392010-01-27T19:26:00.000-08:002010-01-27T19:33:22.293-08:00

“Index funds are imperfect, but they provide the best outcome for most know-nothings, in order to avoid being misled by fools and liars.”Quote by Charlie MungerFrom the article of Stableboy Selections, i borrow his definition of Investing. "Investing is the process of putting money away now to be sure of getting more money back in the future."If you agree with this definition, then you'll realize

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-77920764093923230512010-01-26T16:08:00.001-08:002010-01-26T16:10:14.561-08:00

I came across a very interesting article about Warren Buffett's method of investing, and thought of sharing the link here:http://www.tomspencer.com.au/2008/04/06/warren-buffett-on-long-term-value-investing/A must read for Buffett wannabe!

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com2tag:blogger.com,1999:blog-6143748178958568080.post-5458011479737719522009-10-15T17:35:00.000-07:002009-10-15T22:20:45.619-07:00

To answer this question, we need to understand how a unit trust fund’s price is derived daily. For example, why a particular fund’s unit price is is RM 0.2858 in a particular day, and not RM 0.2832 or even RM 0.2953. Who determines this price, and how is this price derived?A fund’s price is determined by the underlying asset’s closing market price divide by total number of units of that fund on

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com3tag:blogger.com,1999:blog-6143748178958568080.post-66727236188367885872009-07-20T09:32:00.000-07:002009-07-20T20:07:02.610-07:00

Imagine a supermarket selling 2 packages below:Package 2 has all the same item as Package 1 (more in size, and also more items), but selling at an even lower price! Isn’t this insane? Given the 2 package below, you might wonder why there is anyone wants to buy Package 1. Any rational buyer would not pay that price for Package 1 when they can buy Package 2 at a lower price and owns more size of

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com6tag:blogger.com,1999:blog-6143748178958568080.post-54400086151876159372009-06-21T07:55:00.000-07:002009-06-21T08:06:40.732-07:00

I came across this article about Buffett in CNN, written by Jason Zweig. Here's some extracts of the article:____________________________________________________________________In response to a question from Barbara Kiviat of Time on how he and Munger control their emotions, Buffett replied: "[It] comes about from having an investment philosophy grounded in the idea that a stock is a piece of a

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0tag:blogger.com,1999:blog-6143748178958568080.post-42883556032830110052009-04-13T08:00:00.000-07:002009-04-13T23:07:09.480-07:00

Referring to the newspaper article by TheStar on RM5bil National Savings Bond on sale from April 14 , i was asked whether this investment is good or not, and whether should they invest in it.The main features of the National Savings Bond is as below:Investment amount - ranges from RM 1,000 to maximum of RM 50,000, and in multiples of RM 100.Tenure - 3 yearsFrequency of interest payment -

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com4tag:blogger.com,1999:blog-6143748178958568080.post-63836941398611334812009-04-01T09:19:00.000-07:002009-04-01T20:46:08.527-07:00

Yes, my father-in-law and my wife were in the front cover of Personal Money magazine. That time, she was my girl friend, and her father, well.... let's just say that I used to live in their house most of the time.Isn't she pretty? She's getting prettier day by day. Take a look at her blog here.Why are they in the front cover of Personal Money magazine holding money?. Well, they joined the

Peter Limhttp://www.blogger.com/profile/17613899264386606197noreply@blogger.com0