JAKARTA - Seasoned investor Lo Kheng Hong said that he not only managed to gain profits from investing in stocks in large numbers. However, the man who is known as Indonesia's Warren Buffet has also experienced losses due to investing in the capital market.
"Actually, 2016 was also a crisis for me. Because, I bought a lot of shares, and I had so much money, but the shares fell to IDR 50. Anyway, I had a lot of money. So, it's like I lost 90 percent," said Lo Kheng Hong in the SPOD podcast broadcast on Syailendra Capital's YouTube channel, quoted on Wednesday 1 June.
However, according to the man who is familiarly called Mr. Lo, he was finally able to get through those times of crisis because he didn't focus on his lost money.
"But I was able to get through the crisis. I wasn't focused on losing my big money, but I was focusing on the money that was still there, the remaining money. So I'm happy, why? Even though I lost 90 percent of my money, the remaining 10 percent is mine, still rich, still richer than many people," he explained.
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At that time, continued Lo Kheng Hong, there was a friend who conveyed the news that he was bankrupt. However, Lo Kheng Hong denied the news because he had no debt, and was still listed as a shareholder of PT Petrosea Tbk (PTRO).
"In 2016 the price of Petrosea's shares was IDR 285, and the book value was 2,000. Now it's proven. And, I also remember there is one statement, if you lose your money, you don't lose anything, if you lose your health, you lose something, if you lose your character you lose everything. So it doesn't stress me out, I'm still happy," explained Mr. Lo.
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