Dear investors,
latest fund price: $1.2542 (+0.0292, 2.83%)
Well yeah, things have been back, my investments usually have some sort of delay and insensitive to the market, just like myself.
In fact, detach from the market is my ultimate goal, if market is represent the mass media, then sensitive to it will make you mainstream, but also make you mediocre, Benjamin Graham once said: having opposite opinion with the masses do not make you right or wrong, you are only right when your data and logics are correct.
i would add: most of the time, the masses are usually wrong, otherwise 90% of the people would have been rich already, wouldn't it?
my dad almost got annoy when i present carelessly on facebook page or anywhere openly, he said my "image" is very important to make how people feel trust in me (funny my boss also say that a lot), i always respond: hey, this is not like i have to "prove" myself to the general public, try my best to impress anyone so they "trust" me, and i don't like to sell my fund actively, this kind of mentality is pretty much in my blood, i have no fashion sense, little social skill or don't usually bother with my hair, i am only serious in what i do - work,
i have seen too many "professional" look analyist and fund managrers, fail big still get paid large amount of sum, while those investment masters like Warran Buffett and Peter Lynch go eat burgers and dress up cheap, i don't like "professional image", so i decide my style will be called "Not-So-Pro", hahaha.
maybe i should change, but definitely not now.
anyway, this report not really about my fund, just few grumbling since basically i don't think i will move anything in the next 2 months but wait for the investments to grow. most people feel they need to do a lot of thing to get a great return, but i am telling you, activities have nothing to do in investment, in fact inactive will give you better advantage, people just want to do too much.
Warran Buffett only make 1 deal in a year, and there were 4 years he did nothing because he said he can't find anything interesting on the market, and he become 2nd richest man in the world, can you believe that? i guess after hearing that, 99% of the Hong Kong people who believe in working hard will want to beat him to death . my average trade is about 25-50 trades in one year, and my target is to reduce it to less than 10 in the next couple years.
So there you go, I am learning to "Do Nothing" and "Not-So-Pro"! :)
wanted to write some stories to make this report less boring, but i think it is already long enough.
So have a nice weekend and don't forgot you can subscribe more by the end of this year, there is 120k quota left :)
regards,
Calvin
*little note: in case you didn't get the jokes and really believe i don't need to do anything, investors needs to work hard, but the work is mainly thinking and finding data, not spend time on the market.
