It takes a long time in the markets with great performance – 17 years – with no great one year or 2 year returns to be called a good manager. No make it great.

29% CAGR – sure some of our business owners (Uday Kotak, Rakesh J, Deepak Parekh, Mukesh Ambani) must have achieved it. But for a fund manager it is a great, great, great feat.

How did he do it? What are our lessons?

http://www.fool.com/investing/general/2010/05/21/how-peter-lynch-destroyed-the-market.aspx?source=ihpsitota0000001&lidx=1

  1. and it is very true. Look at a company called Deccan Gold. It is in Gold mining business. So unless you can be friends with the Reddys, BJP (they rule K’nataka), Congress (Mining is a Central subject).

    The current management knows mining.

    Sadly, to run it, you need to be a politician. Geologist can be hired, politicians are more difficult to hire 🙂

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