Author Topic: Any advice on getting into Value investors club and microcap club  (Read 2627 times)

Denistry

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Re: Any advice on getting into Value investors club and microcap club
« Reply #20 on: October 05, 2018, 05:40:21 PM »
I've tried VIC twice and have given up since then.
I am an independent operator now and don't want to be affected by any group thinking.
It is always dangerous to follow any herd, including the herd in VIC.  :)
What really matters most for your performance is:
1. Independent research by yourself.
2. Assume full responsibility for failure.
3. Have supreme confidence in your own ability to make money.

With that said, I also would like to know the combined average performance of all VIC articles. If the combined performance is not significantly beating the market, then the chances are low for an individual to read through those pitches and pick ones that outperform the market. If he can, then he doesn't need VIC. If he can't, then he also doesn't need VIC.

Wouldn't this same logic apply to cobf?   VIC can be used as a source for ideas just like anything else.   I've found the comments, message boards, network to be immensely valuable.

I agree.  CoBF, blogs, VIC, etc. are places to start, and sometimes good comments/discussions can correct errors in your thinking and point out risks you may have overlooked.


I agree that discussions has helped correct lots of my errors. Tbh, I feel that sometimes the most valuable aspect of VIC is the discussions below the pitch rather than the pitch itself. I am still going to try getting into VIC eventually, but I am probably going to polish my skills first.


Denistry

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Re: Any advice on getting into Value investors club and microcap club
« Reply #21 on: October 05, 2018, 05:45:55 PM »
I've tried VIC twice and have given up since then.
I am an independent operator now and don't want to be affected by any group thinking.
It is always dangerous to follow any herd, including the herd in VIC.  :)
What really matters most for your performance is:
1. Independent research by yourself.
2. Assume full responsibility for failure.
3. Have supreme confidence in your own ability to make money.

With that said, I also would like to know the combined average performance of all VIC articles. If the combined performance is not significantly beating the market, then the chances are low for an individual to read through those pitches and pick ones that outperform the market. If he can, then he doesn't need VIC. If he can't, then he also doesn't need VIC.

this is a study using data taken from VIC back in the day. It talks about the overall performance of VIC members, do take a look at it.
https://www.ivey.uwo.ca/cmsmedia/3775537/fundamental_value_investors_characteristics_and_performance.pdf

muscleman

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Re: Any advice on getting into Value investors club and microcap club
« Reply #22 on: October 05, 2018, 06:11:27 PM »
I've tried VIC twice and have given up since then.
I am an independent operator now and don't want to be affected by any group thinking.
It is always dangerous to follow any herd, including the herd in VIC.  :)
What really matters most for your performance is:
1. Independent research by yourself.
2. Assume full responsibility for failure.
3. Have supreme confidence in your own ability to make money.

With that said, I also would like to know the combined average performance of all VIC articles. If the combined performance is not significantly beating the market, then the chances are low for an individual to read through those pitches and pick ones that outperform the market. If he can, then he doesn't need VIC. If he can't, then he also doesn't need VIC.

Wouldn't this same logic apply to cobf?   VIC can be used as a source for ideas just like anything else.   I've found the comments, message boards, network to be immensely valuable.

I agree.  CoBF, blogs, VIC, etc. are places to start, and sometimes good comments/discussions can correct errors in your thinking and point out risks you may have overlooked.

I used to heavily rely on CoBF but not anymore. I found that the best picks are usually not discussed anywhere. SMLR for example. If I like a stock and it is not discussed in CoBF, seekingAlpha, or VIC, that's a big plus. The biggest red flag is when i like a stock but CoBF already has a 100+ page discussion about it. Those picks usually fail spectacularly.  :(

SnarkyPuppy

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Re: Any advice on getting into Value investors club and microcap club
« Reply #23 on: October 06, 2018, 01:06:01 PM »
I've tried VIC twice and have given up since then.
I am an independent operator now and don't want to be affected by any group thinking.
It is always dangerous to follow any herd, including the herd in VIC.  :)
What really matters most for your performance is:
1. Independent research by yourself.
2. Assume full responsibility for failure.
3. Have supreme confidence in your own ability to make money.

With that said, I also would like to know the combined average performance of all VIC articles. If the combined performance is not significantly beating the market, then the chances are low for an individual to read through those pitches and pick ones that outperform the market. If he can, then he doesn't need VIC. If he can't, then he also doesn't need VIC.

Wouldn't this same logic apply to cobf?   VIC can be used as a source for ideas just like anything else.   I've found the comments, message boards, network to be immensely valuable.

I agree.  CoBF, blogs, VIC, etc. are places to start, and sometimes good comments/discussions can correct errors in your thinking and point out risks you may have overlooked.

I used to heavily rely on CoBF but not anymore. I found that the best picks are usually not discussed anywhere. SMLR for example. If I like a stock and it is not discussed in CoBF, seekingAlpha, or VIC, that's a big plus. The biggest red flag is when i like a stock but CoBF already has a 100+ page discussion about it. Those picks usually fail spectacularly.  :(

Anecdotal. 

- Some stocks that aren't discussed do well.  Some don't.
- Some stocks discussed on VIC and COBF do well.  Some don't.   

odin

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Re: Any advice on getting into Value investors club and microcap club
« Reply #24 on: October 08, 2018, 08:28:18 AM »
Agree with the advice posted here on finding something misunderstood with a catalyst.  You probably won't get in without identifying a catalyst or something very unique. 

Try to write something up that has not been posted before. It might be okay if the most recent writeup is years old.

Avoid microcaps and international ideas.  Short ideas might be the way to go with stock mkts at all time highs.

The subsequent performance of the idea shouldn't matter.  You can get accepted very quickly if the idea is good enough.  Go read some of the highest rated ideas for guidance.