So your approach is a variant of the old Benjamin Graham approach to“cigar butt” value investing style (buy cheap in one market then sell dear in a different but connected market on the legally same equity)? Hmm, I am still in “love”with my holdings (unless their core business or markets change).
Postscript : Another swiftie with investing characteristics? 😉
I don’t see what that has to do with cigar-butt investing. This works even for some of the best Chinese companies, especially those listed in the US and Hong Kong, whose share prices are extremely volatile purely because of investor mood swings.
Perhaps cigar butt investing is a loaded phrase but the prince remains the same : buying companies’ stock whose market prices are a significant discount to intrinsic value then wait until the market realises that & then boost prices.
How do you find time to both think deeply and write beautifully? I have myself tried to be methodical in my investments, but nothing really works except that I am in a fortunate position not to ever need to sell my equity investments (by living modestly) and aim to leave as much of my wealth as possible to charity, so I have an investment horizon that goes beyond my own life. That said, my investment performance is nothing to shout about, and probably too volatile.
So your approach is a variant of the old Benjamin Graham approach to“cigar butt” value investing style (buy cheap in one market then sell dear in a different but connected market on the legally same equity)? Hmm, I am still in “love”with my holdings (unless their core business or markets change).
Postscript : Another swiftie with investing characteristics? 😉
I don’t see what that has to do with cigar-butt investing. This works even for some of the best Chinese companies, especially those listed in the US and Hong Kong, whose share prices are extremely volatile purely because of investor mood swings.
Perhaps cigar butt investing is a loaded phrase but the prince remains the same : buying companies’ stock whose market prices are a significant discount to intrinsic value then wait until the market realises that & then boost prices.
on PingAn AH, the reverse trade, long A short H when the premium collapses to less than 10%, works equally well.
How do you find time to both think deeply and write beautifully? I have myself tried to be methodical in my investments, but nothing really works except that I am in a fortunate position not to ever need to sell my equity investments (by living modestly) and aim to leave as much of my wealth as possible to charity, so I have an investment horizon that goes beyond my own life. That said, my investment performance is nothing to shout about, and probably too volatile.
I just enjoy what I’m doing, so I don’t really count the hours. And since I’m free to do whatever I want, I can always find the time.
👍