Many people send me their portfolio and ask me to review it. These are the tell tale signs of a losing portfolio: 1. People who brag about their ‘success’ : One person who was so proud of his investment in one particular scheme. He said it had given him a 32% CAGR over the past […]
What sensational results this Auto Giant has produced! Hats off to Ratan Tata. If you want the numbers go to www.myiris.com, moneycontrol…..etc. here is just the philosophical analysis! I have a couple of research reports -saying sell @ 170. No I do not want to name the research houses, but I know exactly what went […]
Research is always interesting – especially if you are getting paid for it! As a company we do research of a few hedge funds. The discipline that they show while picking stocks is quite amazing. There are various screens which they use – from market capitalization, no. of transactions in a day, value of trading […]
About a year back we were all perhaps not so optimistic about the markets. Now we all are optimistic – what this means is the risk in the market has increased !! Risk is counter intuitive and it has always been like that for a long time. About a year ago when I saw the […]
For those who were born in the 1980s…and who take 8-9% growth for granted they should take a lesson in History! Just when I saw the rocking performance of Bajaj Auto – 80% y-o-y growth – and a net profit for the year Rs. 1700 crores! When Rajiv Gandhi came to power he allowed motorcycle […]
Markets fell by 240 points yesterday and has fallen 230 points already today. For people like us markets means sensex! Markets are driven by 3 factors – Earnings of the companies, the future expectations (price-earning ratio) and the liquidity in the market. In the current market earnings are at their peak – the next couple […]
There is a fantastic group in South India – the Murugappa group – for me they have made money. That is a good test of management. I have been an investor in EID Parry, Cholamandalam Investment and Finance, Carborundum Universal and Coromandel Fertilizers. All these have been in my portfolio for long periods of time. […]