Peter Lynch superior results
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?
TheWealthWisher
Very informative article. The best line was “”Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it.””
subra
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 🙂