Author Archives: Timeless Investor

About Timeless Investor

My name is Samual Lau. I am a long-term value investor and a zealous disciple of Ben Graham. And I am a MBA graduated in May 2010 from Carnegie Mellon University. My concentrations are Finance, Strategy and Marketing.

To avoid value trap stocks

Posted on October 3, 2017 by Timeless Investor

Over the past 7 years, I have invested in several value trap stocks (SHLD, SHOS, SDRL, NADL, VRX) and lost about $150,000 which is huge!! I really need to learn to detect these kinds of value traps and avoid them.

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AIG is out of SIFI label, a great step forward! – from WSJ

Posted on September 30, 2017 by Timeless Investor

AIG is out of SIFI label, a great step forward! I need to come back and study its options again.

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Understanding interest rate, rate spread and economic activity

Posted on September 29, 2017 by Timeless Investor

To understand interest rate, rate spread and economic activity is critical for me to understand where the stock market and economy will head to.

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Trump’s Tax reform framework has come

Posted on September 27, 2017 by Timeless Investor

Trump’s Tax reform framework has come today, 

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Why EV/EBITDA is better than P/E?

Posted on September 26, 2017 by Timeless Investor

What Makes EV/EBITDA a Better Alternative than P/E? – answer from Zack. I therefore need to use EV/EBITDA to do valuation, and coupled with P/sales,  and P/BV. And FCF and Earing growth rate.

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Comprehensive investment principles and checklist – from csinvesting

Posted on September 25, 2017 by Timeless Investor

I have found a great document on very comprehensive investment principles and checklist – from csinvesting. 

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Tax reform proposal is coming this week, get ready

Posted on September 25, 2017 by Timeless Investor

According to axios.com, Trump’s tax reform is quickly approaching this week. This is very important for me to plan out the investment time point.

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Use worst of option to short equity (such as euro)

Posted on September 25, 2017 by Timeless Investor

In the book of “Hedge Fund Market Wizards”, Jamie Mai and Charles Ledley adopt a great idea to use worst of option to short euro. I am now starting to learn this technique.

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It is possible that AIG will drop SIFi label tomorrow?

Posted on September 21, 2017 by Timeless Investor

The AIG finance has almost all gone, nowdays AIG is only insurance, also, its market cap has dropped to about half of its size in 2007.  Can AIG follow Metlife and GE to drop its SIFI label? WSJ reports that … Continue reading →

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Study of UVXY (TVIX) and SVXY (updated)

Posted on September 21, 2017 by Timeless Investor

I plan use options of UVXY (or TVIX) and SVXY to trade in the volatility of market, 

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