The most important learning from Robert Kiyosaki is you cannot do a cut and paste in life.
I have been an investor, done some trading, been in equity research, sold equity shares, done equity placements, been a sub-broker, and been a main broker.
Seriously there cannot be a greater all round view of the market. I do make my investment after a lot of thought, believe in value investing, even trading positions are normally in good companies, and have beaten the index over 30 years +.
The most important learning is that even if I were to write my life story page by page, it is not likely to be of any use to anybody reading it. Yes generally broad principles can be learnt and even implemented but tactics will have to be done by YOU on a day to day basis.
There are some stunning transactions which I have NEVER been able to repeat. Keeping an open position and close during the settlement was easy when the settlements would last 15 days. With one day settlements, these transactions have to be funded. I have helped promoters reduce their stake in their company by getting excellent new investors – and for this got shares of great companies that I am still holding.
I have bought shares of Kajaria tiles when I received a great report on cement. Simple – both are derived demands from housing, right? I have bought Hindustan Oil Exploration at 18 and sold at 300+ and have traded in HOEL almost infinite number of times. I have traded in real estate but never invested in real estate. I do not mind doing a short term SECURED lending to a builder, but in a secured manner.
Sadly none of this is easy to put in a pattern and talk about on the blog. If somebody tries to copy, he/she can get killed. My long term investing strategy on the other hand is very, very, very biased. I have to believe in the quality of management – so a KCP or a Madras Cement will be in my long term portfolio, but India Cement at worst can only be in my trading portfolio. Radia tapes not withstanding, my respect for the Tata group remains sky high and I could be suffering from Confirmation bias. Murugappa, Sundaram, Birla (AV, and BK only), many MNCs have been there in my long term portfolio, as has been Hdfc, Hdfc bank, Hero Honda…
However to call my portfolio a ‘balanced portfolio’ across risk parameters would be wrong from a puritan’s point of view.
Robert Kioysaki thought (thinks) that there is a theory beyond all the happenings. Sadly true, the only learning from the past is “you cannot learn investing/biking /swimming by reading a book.
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