Exactly.
I have found "systems that work" based on,Benjamin Graham, Warren Buffett,Peter Lynch, and Jim Slater have stood the test of time.
None broke yet.1952 to 2018.
2019 different.?
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I'm in good company then, I read about his Asymmetrical holdings although I've never read any books by him or any of the above mentioned names, I just followed my own style from the start. PS-Have been starting to refine the model over the last year but that has been influenced by this guy named Percy on some random NZ forum rather than Buffet.
Take care,I am looking to avoid reading his posts and putting him on my ignore list,after he turned turtle, and brought MVN, after slagging them for years.!
PS.Get your wife to read you a chapter of either Warren Buffett or Peter Lynch's books, in bed, before you go to sleep at night.
Guarantees sweet dreams, and a good nights sleep.
I couldn't agree more. Any bean counter worth is salt must have a high propensity to be an investor based on the fundamental's and I'm no exception. That said there is a lot of irrational behavior in the market so I like it best when FA and TA are in sync like they presently are with great stocks like SUM, SML and now ATM. I feel quite uncomfortable when TA and FA are badly out of sync like they currently are with TRA which explains why I halved my position at $3.16 before the recent decline. I will stick with the way I do things now..it works for me and besides that its hard to teach an old dog new tricks lol
TRA I have increased my holding since their result in May and their presentations.It has worked for me adding to my "high conviction" shares on any share price weakness.
All started in about 1990 when Smiths City went into receivership.The last day of them being listed, was the day I started buying.
I visited their shops and became an expert on their business.The business was still very well supported by their loyal customers.
I checked the share registry was still operating.Their finance company was still being funded by FPF.Then I approached local sharebrokers to buy SCY shares.They were keen to have a buyer,so they could clean up deceased estates.I found the then Chairman,Bill Revell was happy to speak to me and answer my questions.Over the next 4 or 5 years while they were delisted I built up a substantial holding.
So I do my research and back myself.
Did it with HBL,and have also being doing it over the past 6 years with a company on the NZ USX .
Seems to work just fine.
disc.Was a top 20 SCY shareholder,and currently in a USX company's top 20,but have never made to either TRA's or HBL's top 20.[so far lol].
Happy its worked for you Percy. You're also too old to learn new tricks :) I need to refine my strategy, (take a leaf from your book) and become a more patient investor. If TA and FA stay in line keep holding until they don't. I think that's going to be a strategy that will do my portfolio in shares like ATM, SUM and SML wonders over the long run.