Saturday, November 9, 2019

Free warrants and its futility

Free warrant feels like this. If we give it the first time, the children (meaning the ones that are still immature) will like it - feels like free ang pows. Precisely. But soon, the children will also realise that the free ang pows that we give is just a paper money which is worth less when we print our own money.

If we give out too many times just like what Vivocom did - in total 5 times and see what happened to its share price. Vivocom used to be the master of the free warrants and seems like one person - a sifu - is a biggest proponent of free warrants.

I wrote an article about Vivocom, during its most active period.

What is free warrant?

It is printing money. Only one country in this world can do it in large quantities and can get away with it. Uncle Sam. Even then, they are rethinking.

One person used to say this,

You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.

But it seems that recently, Buffettology is also under fire by some people. Nothing wrong and harmful.

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