After the seminar, someone said that maybe what Koon Yew Yin said about investments and what I said about investing do not quite gel with what Glen Arnold had been talking the whole time.
Well, the seminar was about the gurus of investing, what they did and why they did what they did. Koon Yew Yin shared how he make his investing decisions. They may not be an exact replica of most of the investment methods of the guru but the essence of it remains.
I don't think Mr. Koon or I must follow these methods exactly. We learn from experienced teachers, we take what we think its suitable for ourselves. We may be wrong, so can the gurus. Who is to day Mr. Koon or I may not be able to generate even greater returns than the gurus?
If we were to follow the Fischer or Buffett methods religiously, we might as well just invest in Berkshire Hathaway, why bother learning. Time tested investment methods are tools we can use to our advantage. I do not see Mr. Koon or myself violating much of the principles touted.
Readers of my blog will know I am more of a value-momentum person. Maybe I should write a book, but I do not intend to be a guru. I just write about what I like. If you want me to follow the Grahams and Fischers to the letter, then read their books or invest in funds that religiously do that.
Mr. Koon and I think that it is a good seminar to get more investors to discuss more about the concepts and investment thinking of gurus. You may choose to take as much of it and apply to your investing decisions, and may need to research a bit more diligently.
Nobody is owing anyone a living here. You want to follow what Mr. Koon and I are buying, fine, you don't want to, fine also. You want to be Malaysia's Warren Buffett, go ahead, its all out there the information and tools you need. Good luck to all.
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