Warren Buffet's Investment Advice

When it comes to the world of investments - especially in the stock market - Warren Buffet, the Chief Executive Officer of Berkshire Hathaway, is an enigma.

Celebrated as the "Oracle of Omaha" because of his unparalleled success in the stock market, Warren Buffet lives the life of your regular next-door neighbour, hardly eats in classy restaurants and drives a regular, used 4-wheel drive.

How is he able to maintain success for so many years? Here are some of his best advice. Hear him:

Stay liquid
"We will never become dependent on the kindness of strangers. We will always arrange our affairs so that any requirements for cash we may conceivably have will be dwarfed by our own liquidity. Moreover, that liquidity will be constantly refreshed by a gusher of earnings from our many and diverse businesses." 

Buy when everyone else is selling
"We've put a lot of money to work during the chaos of the last two years. It's been an ideal period for investors: A climate of fear is their best friend.... Big opportunities come infrequently. When it's raining gold, reach for a bucket, not a thimble." 

Don't buy when everyone else is buying
"Those who invest only when commentators are upbeat end up paying a heavy price for meaningless reassurance. The obvious corollary is to be patient. You can only buy when everyone else is selling if you have held your fire when everyone was buying." 

Value, value, value
"In the end, what counts in investing is what you pay for a business -- through the purchase of a small piece of it in the stock market -- and what that business earns in the succeeding decade or two." 

Don't get suckered by big growth stories
Buffett further reminded investors that he and Berkshire's Vice Chairman, Charlie Munger, "avoid businesses whose futures we can't evaluate, no matter how exciting their products may be." 

Most investors who bet on the auto industry in 1910, planes in 1930 or TV makers in 1950 ended up losing their shirts, even though the products really did change the world. "Dramatic growth" doesn't always lead to high profit margins and returns on capital. 

Understand what you own
"Investors, who buy and sell based upon media or analyst commentary are not for us. 

"We want partners, who join us at Berkshire because they wish to make a long-term investment in a business they themselves understand and because it's one that follows policies with which they concur." 

Defense beats offense
"Though we have lagged the S&P in some years that were positive for the market, we have consistently done better than the S&P in the 11 years during which it delivered negative results. In other words, our defense has been better than our offense, and that's likely to continue." 

Hard work
All hard work bring a profit, but mere talk leads only to poverty. 

Laziness
A sleeping lobster is carried away by the water current. 

Earnings
Never depend on a single source of income. (At least make your Investments get you second earning) 

Spending
If you buy things you don't need, you'll soon sell things you need. 

Savings 
Don't save what is left after spending; Spend what is left after saving. 

Borrowings
The borrower becomes the lender's slave. 

Accounting
It's no use carrying an umbrella, if your shoes are leaking. 

Auditing
Beware of little expenses; A small leak can sink a large ship. 

Risk-taking
Never test the depth of the river with both feet.(Have an alternate plan ready) 

Investment
Don't put all your eggs in one basket. 

General Investment Rules

1. Rule Number 1 - Never lose money


2. Rule Number 2 - Don't forget rule number 1


3. You're neither right nor wrong because other people agree with you. You're right because your facts are right and your reasoning is right - and that's the only thing that makes you right.


4. Risk comes from not knowing what you're doing. If you don't know jewelry, know the jeweler.


5. If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.


6. There seems to be some perverse human characteristic that likes to make easy things difficult (Remember his advice to Bill Gates - keep it simple).


7. One's objective should be to get it right, get it quick, get it out, and get it over... your problem won't improve with age.


8. A public-opinion poll is no substitute for thought.


9. It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.


10. "I never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I would know the answer to that. "I'm paying $32 billion today for the Coca Cola Company because..." If you can't answer that question, you shouldn't buy it. If you can answer that question, and you do it a few times, you'll make a lot of money.


11. You ought to be able to explain why you're taking the job you're taking, why you're making the investment you're making, or whatever it may be. And if it can't stand applying pencil to paper, you'd better think it through some more. And if you can't write an intelligent answer to those questions, don't do it.


12. Be fearful when others are greedy, be greedy when others are fearful.

Day Trading Strategies For Beginners

When people use the term "day trading", they mean the act of buying and selling a stock within the same day. Day traders seek to make profits by leveraging large amounts of capital to take advantage of small price movements in highly liquid stocks or indexes. Here we look at some common day trading strategies that can be used by retail traders.


Entry StrategiesCertain stocks are ideal candidates for day trading. A typical day trader looks for two things in a stock: liquidity and volatility. Liquidity allows you to enter and exit a stock at a good price (i.e. tight spreads and low slippage). Volatility is simply a measure of the expected daily price range - the range in which a day trader operates. More volatility means greater profit or loss. (To learn more, see Day Trading: An Introduction.)

One day trader favorite is Sun Microsystems (Nasdaq: SUNW). The stock is cheap ($4.38 at the time of writing), liquid (almost 50 million shares traded daily) and very volatile (as can be seen by looking at its chart). This type of stock is ideal for the retail day trader.

Once you know what kind of stocks you are looking for, you need to learn how to identify possible entry points. There are three tools you can use to do this: 

• Intraday Candlestick Charts - Candles provide a raw analysis of price action. 
• Level II Quotes/ECN - Level II and ECN provide a look at orders as they happen. 
• Real-Time News Service - News moves stocks. This tells you when news comes out.

We will look at the intraday candlestick charts and focus on the following three factors:

• Candlestick Patterns - Engulfings and dojis 
• Technical Analysis - Trendlines and triangles 
• Volume - Increasing or decreasing volume

There are many candlestick setups that we can look for to find an entry point. If properly used, the doji reversal pattern (highlighted in yellow in Figure 1) is one of the most reliable ones.

Figure 1 - Looking at candlesticks - the highlighted doji signals a reversal.

Typically, we will look for a pattern like this with several confirmations: 

1. First, we look for a volume spike, which will show us whether traders are supporting the price at this level.Note that this can be either on the doji candle, or on the candles immediately following it. 
2. First, we look for a volume , which will show us whether traders are supporting the price at this level. Second, we look for prior supportat this price level. For example, the prior low of day (LOD) or high of day (HOD). 
3. We look at the Level II situation, which will show us all the open orders and order sizes. 

If we follow these three steps, we can determine whether the doji is likely to produce an actual turnaround, and we can take a position if the conditions are favorable. Typically, entry points are found using a combination of these three tools.

Finding a TargetIdentifying a price target will depend largely on your trading style. Here is a brief overview of some common day trading strategies:

Strategy	Description
Scalping	Scalping is one of the most popular strategies, and it involves selling almost immediately after a trade becomes profitable. Here the price target is obviously just after profitability is attained.
Fading	Fading involves shorting stocks after rapid moves upwards. This is based on the assumption that (1) they are overbought, (2) early buyers are ready to begin taking profits and (3) existing buyers may be scared out. Although risky, this strategy can be extremely rewarding. Here the price target is when buyers begin stepping in again.
Daily Pivots	This strategy involves profiting from a stock's daily volatility. This is done by attempting to buy at the low of the day (LOD) and sell at the high of the day (HOD). Here the price target is simply at the next sign of a reversal, using the same patterns as above.
Momentum	This strategy usually involves trading on news releases or finding strong trending moves supported by high volume. One type of momentum trader will buy on news releases and ride a trend until it exhibits signs of reversal. The other type will fade the price surge.Here the price target is when volume begins to decrease and bearish candles start appearing.

Why Men Like Boobs

An interesting article I found online for sharing :D

In-conjunction with October’s Breast Cancer Awareness Month, kenwooi.com is taking part in promoting the awareness of loving boobies. This entry has good intentions.

Warning: This entry is boobilicious. May not be suitable to be viewed at workplace or when your girlfriend is around. Be warned.

So… if a straight man tells you that he’s not attracted to boobs, he’s a damn liar!

Guys, please enlighten me – how could you resist from adoring such natural wonder? It’s the 8th Natural Wonder of the World, you know?

And ladies, you may or may not know about this – whenever a guy walks pass a well-endowed lady, it’s very likely for him to take at least a short glance. And if it’s an attractive cleavage, the short glance will be a split second longer – or into multiple glances.

True story.

Some are big, some just perfect and some are small – the thing is, they come in different sizes. No matter what, men still like ‘em.

Now, it makes me think – why do men like boobs so much? What is the mechanism behind this attraction? There must be scientific reasons.

An explanation is clearly required for this unique phenomenon because after all, boobs are just normal fats!

But wait, it’s not just men! Ladies are actually attracted to boobs as well, and it’s perfectly normal. Now some of you ladies might say, “Ken, I have boobs and I don’t go crazy over every pair of boobs I see.”

Well duh… that’s because you already have a pair! You can have “hands on” experience every time you shower, while you sleep and while you get dressed, or anywhere anytime. It’s already there!

For the men, looking at boobs is like looking at the sun, they don’t stare – it’s too risky. Men get a sense of it and then look away. In fact, men don’t harm the sun by looking at it, it’s the sun that harm men instead!

So ladies, you must be also wondering why right? Hence, without further ado, let the pro tell you 4 reasons why men are so fascinated by your lovely natural cushions…

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1) Men like soft comfy stuff. Give them a soft cozy sofa, pillow or bed, they’ll love it totits bits – especially when it comes in a pair.

They are soft, smooth and fun to play with – they make great cushions, and they feel real nice when you get to squeeze ‘em, and… uhm… yeah…

2) Men like things that are round, for example – men likes football, basketball, golf – mainly sports that use a round object to play with.

Or semi-sphere, to be exact.

3) Men love to fiddle with buttons. Give them any game controller, they will play non-stop with their fingers pushing, poking, pressing and flicking the buttons.

Oh yeah, baby, game on! We just love the games!

4) Boobs are there, and guys don’t have them.

Obviously I don’t have them.

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Well, it’s not to say that guys want boobs on themselves, but weirdly, they have this uncontrollable urge to fondle it.

However, for most scenarios, it’s not morally permitted to grab to total stranger’s boobs. You’ll get bitch-slapped.

Now ladies, you might think that men are damn perverts. But wait a minute, aren’t you ladies the ones who are showing off first?

It’s known as the freedom of cleavage expression. If you didn’t realize, some ladies just love flaunting their booby cleavage, or simply wear tight fitting cloths to reveal their curves.

Generally there’s always an explanation for such exposure. It’s either the ladies are being confident, flirty or just to capture the attention of innocent dudes – for example, yours truly.

Anyway, I feel that I’m so much healthier just by writing this entry. Did you know thatboobs are good for men? Ogling at boobs gives men a longer weenie longevity!

So gentlemen, let kenwooi.com do you a favour this time. Let’s take your time off from being gentle (and also your busy schedule) to appreciate the beauty of boobs…

So sensual.

So adorable.

So sexy.

So Japanese.

So seductive.

Do you feel healthier now? I’m sure you do. ;)

Oh hey, I know you wish you could just lift your arms, reach out your hands and tenderly fondle those masterpieces on the screen. But no, don’t do that on kenwooi.com okay? My blog isn’t in 3D, yet.

But you know what, if there were a National Boobs Day, I would proudly march along to the Mountains of Happy Valley! It’d definitely be a wonderful view there!

So guys, you shouldn’t be afraid of expressing your feeling towards boobs. They are amazing, lovely and simply beautiful.

And as much as we try, boobs are hard to resist.

They send men spinning, pulling us in close and throwing us away. But we keep coming back for more.

To be honest, there’s just no way to stop men from liking boobs. It’s just against the law of nature to forbid men from adoring those beauties.

I admit guilt to over-expressing my admiration for boobs. By all means, arrest me! But I won’t deny that all men love teteks!

All hail boobies!

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On a side note: All proceeds from this entry will go to the Kenwooi Boobies Foundation for further research of an antidote to cure men from the B02B5 disease, which is an illness of attraction to boobs.

Our current test subject is this cat…

Tabby is diagnosed with B02B5 and he’s our guinea cat. No animal is harmed during the process of experiments. If you know anyone with B02B5 disease, please report them to Kenwooi Boobies Foundation.

Once again – All hail boobies!