Tea leaves & chicken bones

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We need understand that a company’s ability to generate profits and pay dividends is determined by the numbers that can be found from its cash flow statements, its profit and loss accounts and its balance sheet.

Yet many will try, repeatedly, to find the answer from charts, tea leaves and chicken bones. What a dreadful waste of time and effort.

When we invest, our aim should be to look for successful companies, not mediocre ones. These successful companies, generally, have a story to tell.

- David Kuo

Comments

William said…
How about discarded condoms? :P
January 24, 2017 at 12:58 PM
Jaded Jeremy said…
William,
Wahhhh that's how you do it ar, bomoh William!
January 24, 2017 at 6:11 PM
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