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	<title>Comments on: Looking Back at 2008 and Moving Forward to 2009!</title>
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	<link>http://www.wailoong.com/596/looking-back-at-2008-and-moving-forward-to-2009/</link>
	<description>Unique Insights and Other Writings By Wai Loong</description>
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		<title>By: Wai Loong</title>
		<link>http://www.wailoong.com/596/looking-back-at-2008-and-moving-forward-to-2009/comment-page-1/#comment-16129</link>
		<dc:creator>Wai Loong</dc:creator>
		<pubDate>Mon, 17 May 2010 16:50:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.wailoong.com/?p=596#comment-16129</guid>
		<description>Dear Bryan,

My humble apologies for my late reply!

MIP is perhaps the first of its kind in Singapore when I attended the very 1st time back in July 2008.  Today, you will see no less than 3 other value investing partnership out there teaching the basics of value investing.

My question to you is why do you wish to seek the advise of others when you already have an answer inside you?  Value investing is rarely practiced because it takes a lot of guts and patience even after you have done your homework.  MIP teaches you the Science of it which you can read in most value investing books.  What books cannot teach you is how to screen for them and the psychology of value investing.

Since you&#039;re already seeking answers, you should already know the main difference between an real investor and a real speculator.  Otherwise, the course will  help you identify it quickly.  It is possible that you will end up not applying anything you&#039;ve learn in the course (as I&#039;m confident that at least 50% of all students will do nothing).

So do you think it&#039;s a waste of time and money?  Absolutely not!  You will discover what you should not pretend to be, just as Conrad Lim of Adam Khoo&#039;s Learning Technologies have taught.  You pay money not to lose more money if you don&#039;t understand what investing is all about.  In the end like most people, they take no further actions and stop losing money.


Hope my answer clarifies your doubt! :)


Greed is The Seed of Evil!
Be Blessed &amp; @ Peace!

Sincerely,

Wai Loong</description>
		<content:encoded><![CDATA[<p>Dear Bryan,</p>
<p>My humble apologies for my late reply!</p>
<p>MIP is perhaps the first of its kind in Singapore when I attended the very 1st time back in July 2008.  Today, you will see no less than 3 other value investing partnership out there teaching the basics of value investing.</p>
<p>My question to you is why do you wish to seek the advise of others when you already have an answer inside you?  Value investing is rarely practiced because it takes a lot of guts and patience even after you have done your homework.  MIP teaches you the Science of it which you can read in most value investing books.  What books cannot teach you is how to screen for them and the psychology of value investing.</p>
<p>Since you&#8217;re already seeking answers, you should already know the main difference between an real investor and a real speculator.  Otherwise, the course will  help you identify it quickly.  It is possible that you will end up not applying anything you&#8217;ve learn in the course (as I&#8217;m confident that at least 50% of all students will do nothing).</p>
<p>So do you think it&#8217;s a waste of time and money?  Absolutely not!  You will discover what you should not pretend to be, just as Conrad Lim of Adam Khoo&#8217;s Learning Technologies have taught.  You pay money not to lose more money if you don&#8217;t understand what investing is all about.  In the end like most people, they take no further actions and stop losing money.</p>
<p>Hope my answer clarifies your doubt! <img src='http://www.wailoong.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
<p>Greed is The Seed of Evil!<br />
Be Blessed &#038; @ Peace!</p>
<p>Sincerely,</p>
<p>Wai Loong</p>
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		<title>By: bryan</title>
		<link>http://www.wailoong.com/596/looking-back-at-2008-and-moving-forward-to-2009/comment-page-1/#comment-16010</link>
		<dc:creator>bryan</dc:creator>
		<pubDate>Fri, 14 May 2010 14:55:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.wailoong.com/?p=596#comment-16010</guid>
		<description>Hi Wai Loong,

I am Bryan and recently attended the MIP free seminar. Am having a dilemma now on whether i should attend the course. It would be great if i could seek your advice on this? or any other recommended courses worth attending? As i myself have recently plan to start investing in both shares and proerty if possible.

May i know how was the MIP course? Is it worth investing the time and money? Were the concepts that were being thought able to grow your money?

Your help and time is much appreciated.

Yours Sincerely,
Bryan</description>
		<content:encoded><![CDATA[<p>Hi Wai Loong,</p>
<p>I am Bryan and recently attended the MIP free seminar. Am having a dilemma now on whether i should attend the course. It would be great if i could seek your advice on this? or any other recommended courses worth attending? As i myself have recently plan to start investing in both shares and proerty if possible.</p>
<p>May i know how was the MIP course? Is it worth investing the time and money? Were the concepts that were being thought able to grow your money?</p>
<p>Your help and time is much appreciated.</p>
<p>Yours Sincerely,<br />
Bryan</p>
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		<title>By: Jason Liew</title>
		<link>http://www.wailoong.com/596/looking-back-at-2008-and-moving-forward-to-2009/comment-page-1/#comment-3754</link>
		<dc:creator>Jason Liew</dc:creator>
		<pubDate>Sat, 03 Jan 2009 15:22:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.wailoong.com/?p=596#comment-3754</guid>
		<description>My resolution for last year was totally out of reach mostly due to the weakening economy. Hopefully this year will provide the opportunity to achieve that, like they say &#039;better late than never&#039;. 

The MIP course price does make you think twice before enrolling. For now I think I&#039;ll just stick to blue chips proven counters that survived the 98 crisis.

Thks for the add, I&#039;ve linked back too. Have a great year ahead.</description>
		<content:encoded><![CDATA[<p>My resolution for last year was totally out of reach mostly due to the weakening economy. Hopefully this year will provide the opportunity to achieve that, like they say &#8216;better late than never&#8217;. </p>
<p>The MIP course price does make you think twice before enrolling. For now I think I&#8217;ll just stick to blue chips proven counters that survived the 98 crisis.</p>
<p>Thks for the add, I&#8217;ve linked back too. Have a great year ahead.</p>
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		<title>By: Wai Loong</title>
		<link>http://www.wailoong.com/596/looking-back-at-2008-and-moving-forward-to-2009/comment-page-1/#comment-3753</link>
		<dc:creator>Wai Loong</dc:creator>
		<pubDate>Sat, 03 Jan 2009 10:42:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.wailoong.com/?p=596#comment-3753</guid>
		<description>Hi Jason!

Thanks I wish that year 2009 is going to be rocking for you too as it will be for me - I know it!  :)

Hmm... I have no intention to make any resolution.  Resolutions may disappoint, as one is never certain that one can achieve it if it gets too unrealistic.  What&#039;s more important is the process as one progress over the new year, as well as how you plan it out and eventually experiences it.  Forcing desired outcomes can add a lot of pressures to life and takes out the fun.  The higher your expectations, the worse the disappointments may get.  It&#039;s a little philosophy that I subscribe to that allows myself to experience more happiness and health.  Nothing beats happiness and health!  :)


As for the MIP course, it is likely to be closing soon (or have closed already) and the 3rd batch is scheduled to start on 12th February 2009.  The 3 full-day course fee and all the bonuses, if I remember correctly, is currently priced at $3,995.  By the 4th batch comes around in June, it is likely to be at full price as I wrote on my blog - $4,995.  I have a $150 voucher which you can use to offset the total course fee.

The first day of the course focus on the psychology of investing.  Getting this wrong will most certainly wipe out most investors.  That is why trading is so hard.  The games are designed to drill the concepts deep down into you so that you&#039;ll remember that for life!  This part of the course alone, in my humble opinion, is the most invaluable part!  The other days include the science and art of evaluating businesses listed here on SGX (Singapore).

What I mean by science is the screening for outstanding businesses at a glance, such as financial reports and ratios, determining intrinsic values and other very important concepts, as already detailed by Benjamin Graham.  The art aspect of it covers how you screen for key managements, and also different ways to valuate a business, depending on the classifications you put the target business under, as well as considering the assumptions you make for the valuations.


You&#039;re on PR2?  That&#039;s great!  Sure, I&#039;ll add you to my blog-roll if you don&#039;t mind?

Have an exciting year ahead... 
Good Investing &amp; Stay Invested!  :)</description>
		<content:encoded><![CDATA[<p>Hi Jason!</p>
<p>Thanks I wish that year 2009 is going to be rocking for you too as it will be for me &#8211; I know it!  <img src='http://www.wailoong.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
<p>Hmm&#8230; I have no intention to make any resolution.  Resolutions may disappoint, as one is never certain that one can achieve it if it gets too unrealistic.  What&#8217;s more important is the process as one progress over the new year, as well as how you plan it out and eventually experiences it.  Forcing desired outcomes can add a lot of pressures to life and takes out the fun.  The higher your expectations, the worse the disappointments may get.  It&#8217;s a little philosophy that I subscribe to that allows myself to experience more happiness and health.  Nothing beats happiness and health!  <img src='http://www.wailoong.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
<p>As for the MIP course, it is likely to be closing soon (or have closed already) and the 3rd batch is scheduled to start on 12th February 2009.  The 3 full-day course fee and all the bonuses, if I remember correctly, is currently priced at $3,995.  By the 4th batch comes around in June, it is likely to be at full price as I wrote on my blog &#8211; $4,995.  I have a $150 voucher which you can use to offset the total course fee.</p>
<p>The first day of the course focus on the psychology of investing.  Getting this wrong will most certainly wipe out most investors.  That is why trading is so hard.  The games are designed to drill the concepts deep down into you so that you&#8217;ll remember that for life!  This part of the course alone, in my humble opinion, is the most invaluable part!  The other days include the science and art of evaluating businesses listed here on SGX (Singapore).</p>
<p>What I mean by science is the screening for outstanding businesses at a glance, such as financial reports and ratios, determining intrinsic values and other very important concepts, as already detailed by Benjamin Graham.  The art aspect of it covers how you screen for key managements, and also different ways to valuate a business, depending on the classifications you put the target business under, as well as considering the assumptions you make for the valuations.</p>
<p>You&#8217;re on PR2?  That&#8217;s great!  Sure, I&#8217;ll add you to my blog-roll if you don&#8217;t mind?</p>
<p>Have an exciting year ahead&#8230;<br />
Good Investing &#038; Stay Invested!  <img src='http://www.wailoong.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
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		<title>By: Jason Liew</title>
		<link>http://www.wailoong.com/596/looking-back-at-2008-and-moving-forward-to-2009/comment-page-1/#comment-3746</link>
		<dc:creator>Jason Liew</dc:creator>
		<pubDate>Fri, 02 Jan 2009 15:31:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.wailoong.com/?p=596#comment-3746</guid>
		<description>Hi Wai Loong,
Happy New Year and Best Wishes to u and ur loved ones! This is a great reflection of ur 2008 experience. Will u be posting a similar article on 2009 resolution? :)
I&#039;m looking into investing in the stock market too and take advantage of the current downturn. Ur mention of the Millionaire Investor Program that teach how to invest Buffet style is indeed timely. Can u pls share some of the techniques they teach? My gmail address is jasonlccima. Thks.

Guess what? After our previous exchange link, my site jumped from PRn/a to PR2. It really works. 

I&#039;ve created another new blog. Let me know if u&#039;re interested to exchange once more. Hope u have a great blogging year.

Breitling Navitimer Watch:
&lt;b&gt;&lt;a href=&quot;http://breitling-navitimer-watches.blogspot.com/&quot; rel=&quot;nofollow&quot;&gt;http://breitling-navitimer-watches.blogspot.com/&lt;/a&gt;&lt;/b&gt;</description>
		<content:encoded><![CDATA[<p>Hi Wai Loong,<br />
Happy New Year and Best Wishes to u and ur loved ones! This is a great reflection of ur 2008 experience. Will u be posting a similar article on 2009 resolution? <img src='http://www.wailoong.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /><br />
I&#8217;m looking into investing in the stock market too and take advantage of the current downturn. Ur mention of the Millionaire Investor Program that teach how to invest Buffet style is indeed timely. Can u pls share some of the techniques they teach? My gmail address is jasonlccima. Thks.</p>
<p>Guess what? After our previous exchange link, my site jumped from PRn/a to PR2. It really works. </p>
<p>I&#8217;ve created another new blog. Let me know if u&#8217;re interested to exchange once more. Hope u have a great blogging year.</p>
<p>Breitling Navitimer Watch:<br />
<b><a href="http://breitling-navitimer-watches.blogspot.com/" rel="nofollow">http://breitling-navitimer-watches.blogspot.com/</a></b></p>
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		<title>By: Wai Loong</title>
		<link>http://www.wailoong.com/596/looking-back-at-2008-and-moving-forward-to-2009/comment-page-1/#comment-3733</link>
		<dc:creator>Wai Loong</dc:creator>
		<pubDate>Thu, 01 Jan 2009 03:49:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.wailoong.com/?p=596#comment-3733</guid>
		<description>To Alex:
Hi Alex!  Thanks for your kind comments!  I&#039;m just beginning and I trust I can achieve what I set out in year 2008 in the next 15-20 years.
You have a very bright future as you&#039;re starting out so young compared to me who only got to know the importance of finance about 4 years ago; something you have at least 10 years ahead of me.  Someday, I&#039;d love to meet you personally and pass you Leroy&#039;s copy of &quot;Tuesdays with Morris&quot;.  It&#039;s truly inspirational!  :)

And To Thim Wai:
Happy New Year too!  Be blessed and enlightened!  :)</description>
		<content:encoded><![CDATA[<p>To Alex:<br />
Hi Alex!  Thanks for your kind comments!  I&#8217;m just beginning and I trust I can achieve what I set out in year 2008 in the next 15-20 years.<br />
You have a very bright future as you&#8217;re starting out so young compared to me who only got to know the importance of finance about 4 years ago; something you have at least 10 years ahead of me.  Someday, I&#8217;d love to meet you personally and pass you Leroy&#8217;s copy of &#8220;Tuesdays with Morris&#8221;.  It&#8217;s truly inspirational!  <img src='http://www.wailoong.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
<p>And To Thim Wai:<br />
Happy New Year too!  Be blessed and enlightened!  <img src='http://www.wailoong.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
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		<title>By: Yen Thim Wai</title>
		<link>http://www.wailoong.com/596/looking-back-at-2008-and-moving-forward-to-2009/comment-page-1/#comment-3730</link>
		<dc:creator>Yen Thim Wai</dc:creator>
		<pubDate>Thu, 01 Jan 2009 02:20:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.wailoong.com/?p=596#comment-3730</guid>
		<description>Happy New Year 2009</description>
		<content:encoded><![CDATA[<p>Happy New Year 2009</p>
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		<title>By: Alexchious Chéng</title>
		<link>http://www.wailoong.com/596/looking-back-at-2008-and-moving-forward-to-2009/comment-page-1/#comment-3724</link>
		<dc:creator>Alexchious Chéng</dc:creator>
		<pubDate>Wed, 31 Dec 2008 08:37:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.wailoong.com/?p=596#comment-3724</guid>
		<description>Wow, this is a hell of a long article. It seems as if the moment I finished reading it must have been a different day from which I began. hahaa..but I like your way of reflecting. I feel it&#039;s very good for progress to be able to look back and tell yourself, &quot;Hey, I think I&#039;ve come a long way. And I know I have a longer way to go.&quot; 

So anyway, here&#039;s a happy new year to you mate! May you attain that financial freedom that you&#039;re working towards, TEN TIMES AS FAST. hahaha...

Cheers mate!

To your success!

Alexchious

PS: Good luck with your recipe business. =)</description>
		<content:encoded><![CDATA[<p>Wow, this is a hell of a long article. It seems as if the moment I finished reading it must have been a different day from which I began. hahaa..but I like your way of reflecting. I feel it&#8217;s very good for progress to be able to look back and tell yourself, &#8220;Hey, I think I&#8217;ve come a long way. And I know I have a longer way to go.&#8221; </p>
<p>So anyway, here&#8217;s a happy new year to you mate! May you attain that financial freedom that you&#8217;re working towards, TEN TIMES AS FAST. hahaha&#8230;</p>
<p>Cheers mate!</p>
<p>To your success!</p>
<p>Alexchious</p>
<p>PS: Good luck with your recipe business. =)</p>
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