tag:blogger.com,1999:blog-18183714.post5079511510488370689..comments2024-03-08T20:25:35.963+08:00Comments on Malaysia-Finance Blogspot: Why Ken Heebner Is Better Than BuffettSalvadorDalihttp://www.blogger.com/profile/06868577716920232901noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-18183714.post-19499273455179472122008-11-20T09:25:00.000+08:002008-11-20T09:25:00.000+08:00I read alot about Ken Heebner and Capital Growth M...I read alot about Ken Heebner and Capital Growth Management. But rather I am more interested to invest into his funds. But to my suprise, the funds does not allow non-American to invest into the funds. This is rather dissappointing as we Malaysians are missing out alot of good investment opportunities out there. Forget about our local funds investing in overseas as they are all losing investors' money. It is not as rosy as well in Singapore.HollyShttps://www.blogger.com/profile/02887982289347590048noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-46776119654012176772008-11-20T06:13:00.000+08:002008-11-20T06:13:00.000+08:00I like this post because of the topic and your obj...I like this post because of the topic and your objectivity in explaining the myth we have in Buffet. It depends on what basis we are rating a person's success in investments.<BR/><BR/>I have been telling people that the success of someone we know personally, could be due to a one-off good opportunity. Eg. a piece of land bought cheap and now much sought after in the Golden Triangle, or even several deals because of crony connections with the top people. What happens after that?<BR/><BR/>A sales person might be able to clinch good deals for the first year. Then he has to at least maintain it. Imagine he had growth in sales in the second year and this is expected of him for the following years. Annual growth! By then we can see the difference between mediocrity and genuine excellence.<BR/><BR/>For ordinary people like myself, being able to hold shares purchased instead of depending on the T+3 timing for contra gains, makes a lot of difference. Even that has become a luxury I cannot afford! Holding power evens out the odds.KoSong Cafehttps://www.blogger.com/profile/09257859564265735807noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-25468931809784577272008-11-20T02:30:00.000+08:002008-11-20T02:30:00.000+08:00You are right Dali, he is not only better than Buf...You are right Dali, he is not only better than Buffet... he's probably the best. Period. For around this period anyhow.<BR/><BR/>To me what is really telling is the fact that as you said he basically bought and sold his entire fund 4 times in a year.<BR/><BR/>It's only a very rough guess, but i would say that buffet probably buys and sells 1/5 of Berkshire each year? Less than that?<BR/><BR/>That essentially means he makes 20 times as many buy and sell decisions per year per dollar compared to Buffet.<BR/><BR/>In a sense, that means that we have a much larger "sample space" to look at the percentage of his winners and losers. It's not a "real" figure, but I equate his 10 year performance sample data as similiar to a 50 year winning streak for a normal buy and hold investor.<BR/><BR/>The big difference of course is the number of major downturns that one goes through.<BR/><BR/>Still, I would say overall that if he keeps this up for another 10 years, he's going to take the uncontested throne. As it is, he's probably the champion, but possibly challenged by others.Jasonred79https://www.blogger.com/profile/11003115192439470320noreply@blogger.com