Mohammed Al Alwan

the problem is for the wisdom of the crowed to operate in stock market you need diversity and independence which usually breakdown at market extreems.

Agree with all of the points mentioned above.There was a reading in CFA level three that really changed the way I approach my personal portfolio as well.The reading was about asset allocation for human and financial capital .The idea is that early in your life most of your net worth is in human capital which are cash flows distant in the future and your financial capital is little. So, if you consider your financial capital allocation only ,you might be underinvested and not concentrated as you may think. It touched on the correlation between human capital and financial capital. for-example ,you work in wall street and most of you pay is variable and equity like, by concentrating say on financial stocks you are actually more concentrated than you think because at worst you may lose your job (human capital) and your financial capital (stocks go down ).i think now it's being revised under risk management for individual portfolios worth a read .

thank you all for the insights

no i have not read it, thanks for the recommendation will check it out.

i found this primer an excellent introduction to crypto assets which was new asset class for me .good reading. rfbr-cryptoassets.pdf

any suggestion on good books that tackles position sizing for fundamental investors ,i liked the book art of execution by lee freeman but want some thing with more details and ideas.

thank you very much .

thank you ,it seems there is a waiting list .

i would appreciate if you can recommend what are the best data providers or website to access data (download financials, graph historical fundamentals, screens, peer multiple comparisons,etc) for the US market .i see many options like y chart ,finfiz, value line etc and i am lost .

I think Aramex listed in Dubai is an interesting growth story that is mispriced currently trading at 4.04 AED and PE 17X T12m EPS 0.24.Market Cap is 5,915M AED. Bloomberg code is ARMX UH Equity.

thank you for sharing

Thank you Schwab711 I already read it before I posted her.

Thank you Packer16 actually I am looking at multiple MI for a petrochemical company SABIC AB Equity (Bloomberg Code).unfortunately the accounting standard don't use market to market for MI but use book value. my concern on MI is only if you do look at Multiple alon,however,if your doing some DCF type of analysis then its not an issue as you can subtract it from EV to arrive at equity value.

Thank you Hielko actually if you calculate EV you can either include or exclude MI, if you opted to include or exclude you need to make sure both Numerator and denominator are apple to apple . My question was what is the best way to tackle it and it seems that the best way is to exclude MI from the calculation in both Numerator and Denominator.

Thank you all for the reply ,I think trying to estimate MV for MI is a bit difficult if you don't have an active M&A market to find PMV for comparable.