Insas Bhd, up 5.11% today....
Only idiots ask others for 'tips' on the stock market, and the bigger idiot gives them genuine tips... So when one of the other traders (who never bought stocks through the metereoric bull market rise) now wants to 'enter into stocks', he asked me. I just give the tip "Buy insas", which the typical response is "insas, nah, that stock never moves..."
Insights from Koon Yew Yin
http://malaysiafinance.blogspot.com/2013/11/investing-experience-by-koon-yew-yin.html
http://malaysiafinance.blogspot.com/2013/11/investing-experience-by-koon-yew-yin.html
Statistics show that most equity investors including professionals cannot beat thestock index. Studies have also shown that more than 80 % of day traders
lose money mainly due to transaction costs and they select shares basedon hot tips. There are several reasons for their poor performance but the most frequent mistake is ‘loss aversion’. This is a psychological obstacle which has been consistently affecting their performance especially in view of the ups and downs that is the normal behavior of the stock market.
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