Contrarian Investing
Well this is not really about contrarian investing. It is about different type of investing….
- do not worry about benchmarks – they mean NOTHING. For a fund like TIGF and I Pru Discovery for example which are contrarian – or value investors – there CANNOT be a benchmark.
- chasing a date makes NO SENSE. Why companies or funds chase returns on 30th June or 31 March makes no sense
- In search of excellence, only excellence should matter NOT what it did on which date
- asset allocation should just be an indicator and not a RIGID boundary
- the biggest wealth destroyer that I have seen is EGO
- you will be stunned by the number of failures Vee Cees make while investing
- more Vee Cees have destroyed wealth because of ego than CEOs have destroyed wealth
- the no. of bad businesses funded by Vee Cees is HUGE
- incentives drive people to action – see how your advisor is rewarded and who is doing it
- fees is just one portion of a professional’s income – and that is a chilling fact
- constantly chasing alpha makes an investor chase rainbows
- earning 14% on 80% of your portfolio for 40 years makes far greater money than earning 24% on 20% of your portfolio for 10 yrs
- you have NO choice but to do mega sips
- Goal based Investing – is the ONLY way to go
- Brilliant idiots who cannot suffer others rarely build good teams
- Nice, successful companies and products are because of teams not one IDIOT who can talk well or make good ppt
- Most software companies end up wanting to be like Infosys – and look awesome in their PPT
- Looking good on PPT means NOTHING if you cannot translate that into action
- good companies fail fast, fail a lot, but keep learning
- if your team cannot learn from failures, dismantle your company
- can your team LEARN faster than your competition?
- does your company REWARD managers who recommend abandoning products?
- do you create products for your ego or do you talk to the clients too?
- if a product cannot be described in 20 words, make the product and show the prototype
- do not make free samples – triers hardly commit
- if it is good enough just to be given free, chances are people will not buy
- involve your staff and their families – helps to be together in bad times
- have very stong deadlines, grit, and ruthless abandoning skills
all these are imp whether you are investing as an individual, Vee Cee, or as a banker. Remember the Vee cee and banker are losing other’s money.
Ashutosh
Nice one subra sir. Very few people can say it like that “Nice, successful companies and products are because of teams not one IDIOT who can talk well or make good ppt”
I have a post related to IT Job loss these says, which discusses this same point. Here http://www.thewisezone.com/layoffs-the-reason/