tag:blogger.com,1999:blog-935072059836759128.post6590073621444877083..comments2023-11-05T18:54:47.602+08:00Comments on Fusion Investor: Samgoss outperforms Buffett over past 16 years? A $4 Million Proposal to SamgossSenghttp://www.blogger.com/profile/08265958046623158053noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-935072059836759128.post-13492899477864866142009-01-12T16:22:00.000+08:002009-01-12T16:22:00.000+08:00I hereby withdraw my offer after reading sam's...I hereby withdraw my offer after reading sam's blog:<BR/><BR/>"First of all, did I ever said I beat warren buffet in my posting ? where ? don’t twist d story ..ok ? ..come back to my 1,500% returns in 16 years …K..let me teach u what is 1 + 1 = 2 lar ha ha… I started my shares investment in 1992 with initial capital of 12K+ , as known to u guys, 1993 is a super bull year , KLCI rose from 450 to 1,314 within a year , Idris shot up from RM 0.50+- to RM8.80, same goes to Aokam from RM0.80 to RM 16.00+, repco >RM100 ! for one to make millions or >1000% returns in 1993 is definitely not a problem ( ask those old birds who involved in 1993 if u doubt ) ! Hence , I hv made about 135K+_ in that particular year !<BR/><BR/>12K to 135K -= >10 times or > 1000% ! ( see d attached picture). So..what is so difficult 4 me to achieve another 500% returns from 1995 to 2007 ? look at my 2007 result , this year alone I hv acheieved about 299% returns ( as per attached picture ) ! so ..is that so difficult to make 1500% returns in 16 years ?? ha ha … as I said , y d length of our fingers r not d same (十个手指有长短)!? y some can be so rich y some cant ? y some can be doctor n lawyer , y some cannot ? sour seng ohh sour seng , u cant do it doesn’t mean we can't do it oso ! faham ? ha ha"<BR/><BR/><BR/>My concern here is: he claims he made 1000% in his first year of trading.<BR/><BR/>Removing this outlier, we arrive at an 50% return on total capital over 15 years.<BR/><BR/>Which is rather sub-standard.<BR/><BR/>So, I no longer have any interest in giving my investment capital nor to convince my friends and family to invest.<BR/><BR/>I am officially withdrawing my offer.Jasonred79https://www.blogger.com/profile/11003115192439470320noreply@blogger.comtag:blogger.com,1999:blog-935072059836759128.post-6858531012528350152009-01-10T21:31:00.000+08:002009-01-10T21:31:00.000+08:00... What are you talking about Seng?Berkshire'...... What are you talking about Seng?<BR/><BR/>Berkshire's price may be that amount, but it's net asset value has been slashed BADLY in the last year... so I would say his return in terms of NAV was perhaps less than 800%.<BR/><BR/>...<BR/><BR/>Put me on the audit team. I don't trust the majority of Malaysian audit firms. (having worked on their teams or with friends who worked there)<BR/><BR/>If I like what I see, I will personally put another RM2 million into this fund. And will attempt to put RM20 million in from friends and family.<BR/><BR/>You must realize that Sam has shown that he is the BEST fund manager on Earth, since he has apparently made fantiastic returns despite 1997 crisis, dot com crash, and current crash.<BR/><BR/>Remember that Warren was trading the American market... Sam was trading the Malaysian market. If you compare their performance to their local index benchmarks, Sam appears EVEN MORE incredible.<BR/><BR/>...<BR/><BR/>My only question is: if we have this priceless living gem right here in Malaysia, who needs TTB and ICap? Who needs any of those local funds of any sort?<BR/><BR/>Seng, you think far too small. If Sam is really this godlike deity who can generate such returns, I can pretty much guarantee you that he can form a RM1 billion dollar fund, EASILY. ... Just walk into any CIMB or whatever Unit Trust, you can easily steal 20% of their biggest clients.<BR/><BR/>...<BR/><BR/>RM4 million a year not good enough for you Samgoss? ... how about RM2billionx15%pa x 20% profit share = RM60 million per year? I am sure I can easily negotiate an extra RM5 million a year salary too.<BR/><BR/>And all you have to do is give Seng&me access to all those figures and accounts. Sounds so simple, right?<BR/><BR/>...<BR/><BR/>Hah.Jasonred79https://www.blogger.com/profile/11003115192439470320noreply@blogger.com