July 29, 2021

8 thoughts on “Book Review : $how Me the MONEY (Book 3) – Teh Hooi Ling

  1. Rolf,

    1. I don't know whether it's your typo or THL's.
    Under "Cut losses", if our stock loses half its value, we need a 2 bagger return just to breakeven. See? I'm only writing in English instead of % 😉

    2. Again under "Cut losses", we say it's better to cut when we hit our 20-30% loss point.

    But under "To Invest or Not", we say never cut losses in good stocks during a crisis!?

    Not even when we hit our 20-30% cry uncle point?

    A bit spear/shield don't you think?

    LOL!

    1. Hi Jared,

      You are absolutely right. It was my typo and reading errors. I apologised for my mistakes. As I read the book, I actually jot down notes with my illegible handwriting. Furthermore the book was read during my ICT period.

      So typo = 80% and not 50% that I mistyped.

      And for the contradiction of "cut loss" THL actually highlighted that an average down strategy can also work.

      See updated corrected wordings in blue.

      Thanks for pointing out. It is very helpful. 🙂

    2. Rolf,

      Averaging down strategy in the wrong hands of amateurs, combined with bad luck, well good luck!

      I rather not get myself into situation where I am down by -80% 😉

  2. Hi Rolf,

    Great summary and highlights, haven't got the chance to read the Book 2 and 3 yet.. will try to get hold of them and read one of these day.

    Cheers!

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