I am asked this question very often. Typically it is “I bought GMR infra for Rs. 70, now it is 8 what should I do?” or “I bought Jain Irrigation DVR for Rs. 54 about 3 years ago it is now at Rs. 57 what should I do”. This request comes in the form of […]
I have friends /clients with concentrated portfolios and they also need some kind of a portfolio management. Let us take the case of one person who has had the luck of 3 esop entitlements..and hence a slightly less concentrated portfolio. Let me call the 3 companies A, B and C. Figures are actual, but the […]
It is very important to keep writing..so start. Write down why you want to invest or why you need to invest. It can take various forms like: I need to retire and for that I need a corpus Subra says long term money should be in equity (what a joker Subra is) I have some […]
When you invest in the markets there is one solid reason to be humble. At least you are not driven to suicide when you get things wrong. At all points in time you have errors of omission and errors of commission. It is human tendency to think of your mistakes as ‘could have been avoided’ […]
If you do not know the philosophy of your investing, I can assure you, you are doing a bad job. Not because you want to but you are expecting too much from your brain. Your brain is a bloody lazy organ which does not want to work on a high performance level for too long. […]
Let me enumerate some of my investing mistakes…or let me tell you how I have made amazingly stupid mistakes… Mistakes of commission: buying the wrong stock for the wrong reasons. I knew the promoters of Silverline, Patheja Forging, Krishna Filaments, Shaan Interwell, Indiana Dairy. All turned out to be shit. Luckily for me not much […]
I have a daughter, not a son, but no the advice would not have changed much whether it was a boy or a girl…but Morgan Housel’s advice to his son (see the link below, on fool.com) is just as fine for a girl as it is for a man…but for a girl I would add […]