Dear Readers,
As the founder of St Jude Investments, our flagship Fund, Wolf Fang Fund for this year performed on the average, returning at approximately 8% for this year. Granted, KLCI and the S&P has beaten us with a considerable margin and actually left us in the dust. This really gives me the feedback i need to reflect on what went wrong.
Mistake 1:
Selling way too fast.
Now, from my picks, i am very very capable of picking stocks, however, the need is for me to evaluate how i sell stocks. It seems that all my picks; SKPetro, Digi, KSL for this year delivered exceptional returns for the shareholders. IF they have held on to it. I did not. This i need to take the blame for. Should i have held on to them, the returns would be in the double digits. I guess i need to overcome the fear of holding on once the stocks reach an all time high and keep holding on provided their fundamentals change to reflect the ever changing market.
All three companies above were fundamentally strong, with little or no chance for drastic changes in the future. They were like dating Rinko Kinkuchi; should i have held on, i would have found heaven. rather i chose to chase the next short skirt available.
Now, i do advocate taking profit when it reaches your target, but i would take this holiday to devise a strategy to mitigate this risk in the future.
Mistake 2:
Losing my balls
Some of the best returns were lost due to me losing my balls. I just did not pull the trigger when the price was tempting enough; hoping for a pull back which never came. Ford came into the picture when i initiated a call at USD12, now it is at USD15.
I am always proud to summon my Ultimate Defense; where rain or shine, no harm shall befall my principal. But this year, my defense, although did not fail me, it served to be a hindrance. By focusing too much on the defense, i became lethargic on my offense.
Again, i will take this holiday season to develop a plan to mitigate this.
As of right now, we are loaded with cash and will seek to buy only companies who fit our model. I have found a few that do currently, either by their shift in strategy ( my oh my, it starts with a G), shift in demand ( starts with a V) or just battered by irrational pessimism ( starts with an F).
I am willing; albeit still seeking my balls, to bet on them with everything i have.
till then, happy holidays. and god bless
As the founder of St Jude Investments, our flagship Fund, Wolf Fang Fund for this year performed on the average, returning at approximately 8% for this year. Granted, KLCI and the S&P has beaten us with a considerable margin and actually left us in the dust. This really gives me the feedback i need to reflect on what went wrong.
Mistake 1:
Selling way too fast.
Now, from my picks, i am very very capable of picking stocks, however, the need is for me to evaluate how i sell stocks. It seems that all my picks; SKPetro, Digi, KSL for this year delivered exceptional returns for the shareholders. IF they have held on to it. I did not. This i need to take the blame for. Should i have held on to them, the returns would be in the double digits. I guess i need to overcome the fear of holding on once the stocks reach an all time high and keep holding on provided their fundamentals change to reflect the ever changing market.
All three companies above were fundamentally strong, with little or no chance for drastic changes in the future. They were like dating Rinko Kinkuchi; should i have held on, i would have found heaven. rather i chose to chase the next short skirt available.
Now, i do advocate taking profit when it reaches your target, but i would take this holiday to devise a strategy to mitigate this risk in the future.
Mistake 2:
Losing my balls
Some of the best returns were lost due to me losing my balls. I just did not pull the trigger when the price was tempting enough; hoping for a pull back which never came. Ford came into the picture when i initiated a call at USD12, now it is at USD15.
I am always proud to summon my Ultimate Defense; where rain or shine, no harm shall befall my principal. But this year, my defense, although did not fail me, it served to be a hindrance. By focusing too much on the defense, i became lethargic on my offense.
Again, i will take this holiday season to develop a plan to mitigate this.
As of right now, we are loaded with cash and will seek to buy only companies who fit our model. I have found a few that do currently, either by their shift in strategy ( my oh my, it starts with a G), shift in demand ( starts with a V) or just battered by irrational pessimism ( starts with an F).
I am willing; albeit still seeking my balls, to bet on them with everything i have.
till then, happy holidays. and god bless
