[daringdave]

Originally Posted by pounce

The point being, no one is infallible.

Buffet is famous for picking the best 5-10-20 year investments. And that didn't work this time.

I'm suggesting that 5 years in way too long into the future. It's like being in the 1900s and not imagining walking on the moon, the internet, stem cell research etc.

You are right. Buffett is a failure.

The point being that Mr Buffett is a long time frame investor. He doesn't give a monkeys about the short time frames. But he has been very right on the long time frames. Unless being the second richest man in the world a failure. Come back here in 5 years and have another look at his investments

[pounce]

Originally Posted by daringdave

The point being that Mr Buffett is a long time frame investor. He doesn't give a monkeys about the short time frames. But he has been very right on the long time frame.

Ok again, to repeat myself.
The infallible Mr. Buffet made a loss of 30% in 2008 after a series of spectacular gains over a long period of time.

Is this so difficult to understand? Or are we the dumbed-down generation?

[pounce]

Originally Posted by daringdave

You are right. Buffett is a failure.

You are right. You are not Buffet.

[daringdave]

Originally Posted by pounce

Ok again, to repeat myself.
The infallible Mr. Buffet made a loss of 30% in 2008 after a series of spectacular gains over a long period of time.

Is this so difficult to understand? Or are we the dumbed-down generation?

No We are the limited attention span generation. If you had taken the time to read the topic instead of posting without thinking, you would have seen that he topic is Whats the best FIVE year investment. You are showing only ONE year of 2008.
Come back in 2014 and Mr Buffett will still be scoring big goals and you will still have a limited attention span.

[pounce]

Originally Posted by daringdave

No We are the limited attention span generation. If you had taken the time to read the topic instead of posting without thinking, you would have seen that he topic is Whats the best FIVE year investment. You are showing only ONE year of 2008.
Come back in 2014 and Mr Buffett will still be scoring big goals and you will still have a limited attention span.

You seem to have the attention span of a peanut. If you had read the thread in it's entirety, you would have seen what I am about to repeat here.

A 5 year investment horizon these days is like a 30 year horizon when Mr. Buffet started investing.
Is this difficult to understand?

If someone is talking about a 5 year investment horizon today, you have to wonder whether he is stuck in the 80s.

To illustrate, I gave the example of Mr. Buffet, a guru of long-term investing philosophy who made a loss in 2008. Is that not a fact? Why the aggravation?

Who would have thought in the 70s that GM would fail? How many today can say with certainty that Microsoft will be in existence in 2020?

And agin to repeat to the peas and pods. Five years is way out into the future. It is like being in the 60s and making plans for the 2010s.

If you are thinking green, solar/wind, stem-cells or whatever, it is already priced in. Each of these are already valued at what they will look like (earnings, PE, etc.) when they are fully mature.

[Danoid]

This is all extremely amusing...

I'm pretty sure Buffet didn't take much of a loss, it's only a loss when you sell, so he might be down some but not necessarily have a loss.

It's still not to late to get in on Dongfeng (DNFGF). Waaay to late for BYD!

I just found this awesome Chinese gaming company, PWRD. The PE is a bit too high for my tastes.

[pounce]

What I don't like about Dong is that it's inventory, short-term debt and long-term debt have all gone up. However, cash on hand has increased some 40% and enough to cover the increased inventory and debt during the same period.
The 52 week high/low is ~800%.

The one I recently bought is QINGLING MOTORS. This one has 0 debt, cash on hand is up 20% and inventory is down.
The 52 week high/low is ~300%.
Incidentally Isuzu owns 20% of the company.

Net profit for both are up 10%. The turnover of Dong is 20 times Qing's and the market cap is 15 times greater. Net profit as a % of turnover is 7 for Dong and 5 for Qing.

BYD inventory up 40%, cash on hand down 80%, st/lt debt down 10%, net profit up 200%, net profit is 6% of revenue and the 52 week high/low is ~950%.

[pounce]

Originally Posted by Danoid

I just found this awesome Chinese gaming company, PWRD. The PE is a bit too high for my tastes.

This this from the Fool, dude? Damn!

I recently sold Kingsoft another game-making software company. It had all my criteria going for it - 0 debt, increased cash on hand, lower/steady inventory etc.
But when one mofo (Citi) downgraded the company to a sell, Kingsoft put out a statement (within hours) to counter the mofo's reasons for the downgrade. This to me reeks of mofoness. I mean, come on!

Since then, it collapsed 10%, I guess on the adage that nothing is true until officially denied.
When I looked at the Board, it was very heavy (too many mofos, all smiling) for a software company.
I took at 12% loss on this one, happily.

[neo1599]

Ok,

Seems everyone is looking more to stocks than anything else.

My suggestion:

Go for this company:

RIL - Reliance Industries Limited

They basically own almost all sectors of Indian economy between two groups. I am sure every1 has heard of the Ambani's.

Reasons for this stock:

Track record - It has never disappointed its stockholders. If you are long India then this stock has to go up. There is no way that the Indian stock market can go up without this company gaining. So 5 years down the line this should be about 2-3 times current market price.

I dont know about most of the people here but my way to gauge a company's future prospects is by checking the public barometer.

Real story:

My brother-in-law works in Mumbai which is sort of Wall St. for India. The entire city is crazy about stocks. He smokes a lot and guess what his tobaconnist(hope I got the spelling right) said to him one day. Sir, I dont know much about stocks but all I do is buy 1 share of RIL every time I have the money no matter what the price. I have been doing it every since the company started and will keep doing it for the next 30 years. I can be assured of my future based on that single stock.

This view is very widely held by nearly all classes of people. The entire liquidity of the Indian stock market got sucked out when a part of this group came out with an IPO. The market fell 10% people borrowed money, sold stock just to apply for the IPO.

Regards

Neo

[pounce]

Originally Posted by pounce

The one I recently bought is QINGLING MOTORS. This one has 0 debt, cash on hand is up 20% and inventory is down.
The 52 week high/low is ~300%.
Incidentally Isuzu owns 20% of the company.

Qing up 11% on very good volume (4 times yesterday's) on no news at mid-day on the Hong Kong Stock Exchange.

[pounce]

Originally Posted by neo1599

I am sure every1 has heard of the Ambani's.

So 5 years down the line this should be about 2-3 times current market price.

We heard that these 2 sobs don't get along. Typical Indian "I'm better than you" crap.

2-3 times is very conservative, but I'll take it.

[pounce]

Originally Posted by pounce

Qing up 11% on very good volume (4 times yesterday's) on no news at mid-day on the Hong Kong Stock Exchange.

Qing closed up 32%.