Caveat: I am not applying in the IPO, nor in the quota for Hdfc shareholders. However, I may buy on listing, I have not made up my mind. When you look at a business you should see the following things: ability to grow well ability to grow well WITHOUT ADDITIONAL CAPITAL based on reputation and […]

Risk tolerance is a often used word by Advisers telling you where to invest. Not that the adviser himself understands the usefulness of this, or how to administer it, but it is now a done thing. So typically a 20+ something, usually a pretty girl from the bank sits with a 48 year old ‘investor’ […]

What is your biggest asset? Well if you are young, it has to be time. You are going to trade it successfully over a period of time and you are going to become rich. Let me throw a bet – if you were to be given all the wealth of Buffett, Ratan Tata or Azim […]

The joke I often hear in the market is ‘sophisticated investor’ aka ‘big investor’ or what have you. The assumption is: he is a big rich man (true) has access to the finest investment brains (not always true) he checks with the smartest people about ALL his deals (not always true) he has controlled is […]

I walk into a class of advisers / investors / students and ask them one question. The answer I get ranges from Rs. 2 crores to about Rs. 200 crores. It is wrong of course. I then ask them ‘How wrong do you think you can be’ and for that the answer is ‘In a […]

I hate people who ask me “What do you think the market will do next”? The hatred is on the people who keep repeating this question knowing that I belong to the Peter Lynch school that “only the company matters, the surrounding area does not matter”. The sensex is at 36000. For it to be […]