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Madness at the NSE
VituVingiSana
#1661 Posted : Wednesday, November 21, 2018 12:11:27 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,067
Location: Nairobi
Horton wrote:
Skin in the game ..... overrated?

So the last couple of firms to go down the dark road ARM & DEACONS CEOs both had skin in the game. Is this trait overrated?
Firms will fail. It has happened for as long as there were firms and farms.

I feel sorry for both of them given they had real money at stake and didn't sell like some could have done.

I feel better in firms where the management has skin in the game. James Mwangi, BC Patel (as a director), James Mworia, etc. [Building value]

On the other hand, the former CEO of the largest destroyer of wealth in KE, had zero shares.

Some are crooks e.g. Matu who eats from the other 95%, Merali whose insider dealings eats most of the profits, Ndegwas with their conflicts (selling Ennsvalley to Unga), etc

Dande, Arora, etc have "skin in the game" too Laughing out loudly Laughing out loudly Laughing out loudly Let's see where they end up!

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Horton
#1662 Posted : Wednesday, November 21, 2018 1:03:45 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,334
Location: Nairobi
VituVingiSana wrote:
Horton wrote:
Skin in the game ..... overrated?

So the last couple of firms to go down the dark road ARM & DEACONS CEOs both had skin in the game. Is this trait overrated?
Firms will fail. It has happened for as long as there were firms and farms.

I feel sorry for both of them given they had real money at stake and didn't sell like some could have done.

I feel better in firms where the management has skin in the game. James Mwangi, BC Patel (as a director), James Mworia, etc. [Building value]

On the other hand, the former CEO of the largest destroyer of wealth in KE, had zero shares.

Some are crooks e.g. Matu who eats from the other 95%, Merali whose insider dealings eats most of the profits, Ndegwas with their conflicts (selling Ennsvalley to Unga), etc

Dande, Arora, etc have "skin in the game" too Laughing out loudly Laughing out loudly Laughing out loudly Let's see where they end up!



Exactly my point 😆😆. I try not to make this a must have requirement ie “don’t buy shares unless CEO has skin in the game ”
I own shares in KCB,CYTONN, BRK.B, Almasi Beverages and a few other private small businesses
VituVingiSana
#1663 Posted : Wednesday, November 21, 2018 8:56:27 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,067
Location: Nairobi
Horton wrote:
VituVingiSana wrote:
Horton wrote:
Skin in the game ..... overrated?

So the last couple of firms to go down the dark road ARM & DEACONS CEOs both had skin in the game. Is this trait overrated?
Firms will fail. It has happened for as long as there were firms and farms.

I feel sorry for both of them given they had real money at stake and didn't sell like some could have done.

I feel better in firms where the management has skin in the game. James Mwangi, BC Patel (as a director), James Mworia, etc. [Building value]

On the other hand, the former CEO of the largest destroyer of wealth in KE, had zero shares.

Some are crooks e.g. Matu who eats from the other 95%, Merali whose insider dealings eats most of the profits, Ndegwas with their conflicts (selling Ennsvalley to Unga), etc

Dande, Arora, etc have "skin in the game" too Laughing out loudly Laughing out loudly Laughing out loudly Let's see where they end up!



Exactly my point 😆😆. I try not to make this a must have requirement ie “don’t buy shares unless CEO has skin in the game ”
WB and CM are NDANI Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
lochaz-index
#1664 Posted : Thursday, November 22, 2018 7:36:24 AM
Rank: Veteran


Joined: 9/18/2014
Posts: 929
Sufficiently Philanga....thropic wrote:
Finally the Jan 2017 low has been smashed and we are at levels never seen in this decade. NSE 20 currently at 2783.
We were last here twice last decade, in October 2004, when Kibaki was still new in the Presidency, and April 2009 during the GFC. Yes 9 years of gains wiped out of the NSE. What separates us now from the Sept 2002 lows of 1005 is the 2360 GFC low of March 2009......more popcorns pleasePray




Closed at 2769 yesterday. Rough couple of weeks in most markets with few and far in between pockets of resilience. NSE's ambivalence was quite surprising. Let's see how much of that carnage is priced in. Watch out for cracks in the credit market, things should get more interesting as another fed hike draws closer.
The main purpose of the stock market is to make fools of as many people as possible.
Ericsson
#1665 Posted : Wednesday, November 28, 2018 8:02:11 PM
Rank: Elder


Joined: 12/4/2009
Posts: 5,880
Location: NAIROBI
20% uptick on key counters as we head towards end of the year
VituVingiSana
#1666 Posted : Wednesday, December 05, 2018 10:37:11 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,067
Location: Nairobi
Why you need a vulture’s patience at Nairobi bourse
https://www.businessdail...E&tg=1102&pt=63

“Our stay-put behaviour reflects our view that the stock market serves as a relocation centre at which money is moved from the active to the patient,”—Warren Buffett. Remember this is from a man who by the time he turned 50, he only held one percent of his current holdings (estimated at Sh8.6 trillion). He turned 88 this year.

“The world is full of foolish gamblers and they will not do as well as the patient investors.” —Charles Munger. Charles is Mr Buffett’s billionaire second-in-command at Berkshire Hathaway.

“It is possible to make money – and a great deal of money – in the stock market. But it can be done overnight or by haphazard buying and selling. The big profits go to the intelligent, careful and patient investor, not to the reckless and overeager speculator.” —J Paul Getty (Patriarch of the Getty Family)

“Patience is essential.”— Howard Marks. Marks is known for his prescient investment memos, which warned about the 2008 financial crisis and the dot-com bubble. He manages Oaktree, which oversees over Sh10 trillion of assets.

“One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do.”— James Rogers. James is the co-founder of the Quantum Fund and Soros Fund management

“Throughout all my years of investing I’ve found that the big money was never made in the buying or the selling. The big money was made in the waiting.”— Jessie Livermore. Boy! plunger knew the usefulness of staying patient.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
rwitre
#1667 Posted : Thursday, December 06, 2018 1:27:35 PM
Rank: Member


Joined: 3/8/2018
Posts: 161
Location: Nairobi
Ericsson wrote:
20% uptick on key counters as we head towards end of the year


Slide resumes. The bear is not done yet Pray Pray
Ebenyo
#1668 Posted : Thursday, December 06, 2018 2:31:20 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,436
Location: Kitale
VituVingiSana wrote:
Why you need a vulture’s patience at Nairobi bourse
https://www.businessdail...E&tg=1102&pt=63

“Our stay-put behaviour reflects our view that the stock market serves as a relocation centre at which money is moved from the active to the patient,”—Warren Buffett. Remember this is from a man who by the time he turned 50, he only held one percent of his current holdings (estimated at Sh8.6 trillion). He turned 88 this year.

“The world is full of foolish gamblers and they will not do as well as the patient investors.” —Charles Munger. Charles is Mr Buffett’s billionaire second-in-command at Berkshire Hathaway.

“It is possible to make money – and a great deal of money – in the stock market. But it can be done overnight or by haphazard buying and selling. The big profits go to the intelligent, careful and patient investor, not to the reckless and overeager speculator.” —J Paul Getty (Patriarch of the Getty Family)

“Patience is essential.”— Howard Marks. Marks is known for his prescient investment memos, which warned about the 2008 financial crisis and the dot-com bubble. He manages Oaktree, which oversees over Sh10 trillion of assets.

“One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do.”— James Rogers. James is the co-founder of the Quantum Fund and Soros Fund management

“Throughout all my years of investing I’ve found that the big money was never made in the buying or the selling. The big money was made in the waiting.”— Jessie Livermore. Boy! plunger knew the usefulness of staying patient.






i fully agree.Patience is the best skill to succeed in the stock market.Being in a hurry here,will be doomed.
Towards the goal of financial freedom
obiero
#1669 Posted : Thursday, December 06, 2018 4:51:16 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,937
Location: nairobi
Ebenyo wrote:
VituVingiSana wrote:
Why you need a vulture’s patience at Nairobi bourse
https://www.businessdail...E&tg=1102&pt=63

“Our stay-put behaviour reflects our view that the stock market serves as a relocation centre at which money is moved from the active to the patient,”—Warren Buffett. Remember this is from a man who by the time he turned 50, he only held one percent of his current holdings (estimated at Sh8.6 trillion). He turned 88 this year.

“The world is full of foolish gamblers and they will not do as well as the patient investors.” —Charles Munger. Charles is Mr Buffett’s billionaire second-in-command at Berkshire Hathaway.

“It is possible to make money – and a great deal of money – in the stock market. But it can be done overnight or by haphazard buying and selling. The big profits go to the intelligent, careful and patient investor, not to the reckless and overeager speculator.” —J Paul Getty (Patriarch of the Getty Family)

“Patience is essential.”— Howard Marks. Marks is known for his prescient investment memos, which warned about the 2008 financial crisis and the dot-com bubble. He manages Oaktree, which oversees over Sh10 trillion of assets.

“One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do.”— James Rogers. James is the co-founder of the Quantum Fund and Soros Fund management

“Throughout all my years of investing I’ve found that the big money was never made in the buying or the selling. The big money was made in the waiting.”— Jessie Livermore. Boy! plunger knew the usefulness of staying patient.






i fully agree.Patience is the best skill to succeed in the stock market.Being in a hurry here,will be doomed.

Calculated patience otherwise you may not enjoy the fruits of your labor
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual
VituVingiSana
#1670 Posted : Friday, December 07, 2018 12:40:56 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,067
Location: Nairobi
Has @ericsson become my good luck charm?

Any holding of mine he has dissed of late has done well Applause Applause Applause
Unga
KK
NIC
ARM (Maybe. Anything over zero is good given it "died" on me)

Now I await his dissing of KenRe and I&M.
Among the others that I hold but in smaller value.

Please don't diss Centum since I am a buyer so I don't want a jump in the price Pray
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#1671 Posted : Monday, December 17, 2018 5:21:04 PM
Rank: Elder


Joined: 12/4/2009
Posts: 5,880
Location: NAIROBI
This will be the worst year for stock investors in a decade,since the 2008 financial crisis.
2012
#1672 Posted : Monday, December 17, 2018 11:26:58 PM
Rank: Elder


Joined: 12/9/2009
Posts: 5,973
Location: Nairobi
"Winter is here". The global bear officially begins. Or so I think.
I wonder how this will affect our already battered market. Question is, will these investors hold their cash after exiting counters in the west or will they put it in markets such as ours?

What people think of you is none of your business. °😱
Horton
#1673 Posted : Tuesday, December 18, 2018 8:56:45 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,334
Location: Nairobi
https://www.cnbc.com/201...e-market-is-tanking.html
I own shares in KCB,CYTONN, BRK.B, Almasi Beverages and a few other private small businesses
littledove
#1674 Posted : Tuesday, December 18, 2018 11:50:29 AM
Rank: Member


Joined: 7/1/2014
Posts: 643
Location: sky
2012 wrote:
"Winter is here". The global bear officially begins. Or so I think.
I wonder how this will affect our already battered market. Question is, will these investors hold their cash after exiting counters in the west or will they put it in markets such as ours?

demand is slowly fading , equity supply of 2million against demand of 50k
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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