Tea leaves & chicken bones

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
2 Responses
  1. William Says:

    How about discarded condoms? :P

  2. Jaded Jeremy Says:

    Wahhhh that's how you do it ar, bomoh William!