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James J. Wang, Oceanstone fund
Posted: Thu May 03, 2012 4:45 pm
by foglifter
I feel like I'm reading about the next adventure of Bond, James Bond. An adviser that doesn't talk to anyone... a fund that posts triple-digit returns... fund shares sold by application only...
http://finance.fortune.cnn.com/2012/03/ ... ames-wang/
Re: James J. Wang, Oceanstone fund
Posted: Thu May 03, 2012 5:01 pm
by MediumTex
BS detector redlining!
Normally, these steller performances are followed by an abrupt cold spell.
Who knows, though, maybe when it comes to investing he just really has the wang of it.
Re: James J. Wang, Oceanstone fund
Posted: Thu May 03, 2012 6:35 pm
by BugMan
Three years from now no one will remember this dude. How many times have I seen this movie?? Answer...too many.
Re: James J. Wang, Oceanstone fund
Posted: Fri May 04, 2012 2:26 pm
by MachineGhost
MediumTex wrote:
BS detector redlining!
My B.S. detector isn't redlining, but my Inexperienced detector is!
MG
Re: James J. Wang, Oceanstone fund
Posted: Sun May 06, 2012 4:38 pm
by Tortoise
I love the equation Wang uses the calculate the intrinsic value (IV) of a stock based on earnings (E):
IV = IV/E x E
That's almost as profound as 1 = 1.