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astute
#11 Posted : Thursday, July 22, 2010 5:36:00 PM
Rank: Member

Joined: 3/24/2010
Posts: 101
Location: Nairobi
2012 wrote:
Here's a quote from Warren Buffett's 'The Making of an American Capitalist' Autobiography'.

The state of the economy or political worries should never affect your decision whether to buy a stock. Forecasting is a waste of time, you should analyse a company and not an economy.

If a company has strong fundamentals it will wither through. It's value on paper might be affected temporally.



in other words, as investors we should identify the solid companies and in case the market is affected negatively, then we should buy more because it will be temporally!!! My worry is that if the vote sways for the NO, the future of Kenya will be bleak...not for the near future but at least for 7-10yrs..the Kenyan economy will be the shakiest in East Africa..
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2012
#12 Posted : Thursday, July 22, 2010 6:05:59 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
the deal wrote:
Go overdrive in buying goods when theres blood in the streets...


Depends on how you look at it. A NO might just be a NO. As a matter of fact a YES vote is more likely to bring that blood on the street than a NO vote. Whichever way I don't anticipate a major decline in demand for goods and services, do you?

BBI will solve it :)
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Gordon Gekko
#13 Posted : Thursday, July 22, 2010 6:15:13 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
My disappointment is that schools are closing a week earleir. They had been scheduled to close on Aug 6th but they now close on July 30th. A week of buying three loaves of bread daily is the equivalent of a few KK shares....smile
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StatMeister
#14 Posted : Thursday, July 22, 2010 6:21:30 PM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
mwenza wrote:
The consequences of a NO victory are too grave to contemplate.

Luckily, we shall not have a refUrendum soon.


How so? A no will leave us without a new constitution, i.e. with the consitution we already have. What will change so fundamentally to cause a market crash?

In fact, a YES win means structural changes in government which may have SOME (not a lot of) effect on the markets, especially senior appointments and regulatory environment
A bad day fishing is better than a good day at work
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Gatheuzi
#15 Posted : Thursday, July 22, 2010 6:38:15 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
I still think that the effect of YES or NO win will not be as catastrophic as PEV of 2007. We have no individuals involved here; just strong ideologies. I wish OCAMPO had already cracked the whip on some of the mpigs a**es!!!
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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  | | Edit by user: Thursday, July 22, 2010 6:40 PM | Reason: Not specified
VituVingiSana
#16 Posted : Thursday, July 22, 2010 6:42:47 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
2012 wrote:
Here's a quote from Warren Buffett's 'The Making of an American Capitalist' Autobiography'.

The state of the economy or political worries should never affect your decision whether to buy a stock. Forecasting is a waste of time, you should analyse a company and not an economy.

If a company has strong fundamentals it will wither through. It's value on paper might be affected temporally.
He was discussing the USA not tinpot dictatorships or African countries... Look at Zimbabwe or Uganda or Somalia...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#17 Posted : Thursday, July 22, 2010 6:44:44 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
2012 wrote:
the deal wrote:
Go overdrive in buying goods when theres blood in the streets...


Depends on how you look at it. A NO might just be a NO. As a matter of fact a YES vote is more likely to bring that blood on the street than a NO vote. Whichever way I don't anticipate a major decline in demand for goods and services, do you?

With blood flowing in the Rift Valley...even the most defensive counter at the NSE will be for Sale...would you not go into a buying frenzy if KPLC dropped to 80 bob...
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VituVingiSana
#18 Posted : Thursday, July 22, 2010 6:57:24 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
I am conflicted... I want cheaper prices for the shares I want to buy but higher prices for the shares I already have...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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youcan'tstopusnow
#19 Posted : Thursday, July 22, 2010 7:02:13 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
VituVingiSana wrote:
I am conflicted... I want cheaper prices for the shares I want to buy but higher prices for the shares I already have...

Mtaka yote hu...
GOD BLESS YOUR LIFE
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VituVingiSana
#20 Posted : Thursday, July 22, 2010 7:04:42 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
youcan'tstopusnow wrote:
VituVingiSana wrote:
I am conflicted... I want cheaper prices for the shares I want to buy but higher prices for the shares I already have...
Mtaka yote hu...
I am like an MPig of the NSE...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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