How many people have told you this: “Invest like Warren Buffett”. Excellent piece of advice, now how I wish it were possible. Let us get the facts right, WB is NOT the world’s greatest fund manager. He is not the world’s most charitable person. He is not….there is a whole list of what he is […]
A friend was investing in a company which was listed about 2-3 years back, and he was about to invest Rs. 20 crores. Not a small sum and he just chatted up with me. He mentioned and asked me whether I knew the company. Sadly, I did know and did not know anything good about […]
There are many companies which have given fantastic, scorching returns. Microsoft, GE, Berkshire Hathway….are some examples. Berkshire Hathway, well er is a fund..or so you thought. Let me tell you, it is not. Mr. Buffet is a brilliant businessman, fantastic stock picker, (fantastic bargain picker – look at the recent offer to pick good bonds […]
Not sure whether to be in the same league as Azim Premji is a good thing or not… Long ago when Rs. 30 lakhs could have bought me 2-3 flats in Ghatkopar I had to make a payout to my customers…and my broker defaulted. I tried all legal methods to get money out of him […]
I wrote a post on volatile markets a couple of days back and said: Is the market at a low? can it go to 15,000 – frankly I do not have an answer. today I received a note from Prashant Jain and he has used exactly the same nos. and the same words.. It is […]
Not sure how many of you have read ‘Straight and Crooked Thinking’ – it is a book about writing and speaking in a complicated / simple way. Now let us look at the mutual fund industry: Facts: Entry loads have been abolished. There have been a lot of redemptions in the equity schemes. There has […]
Long ago when I asked the mutual fund regulator’s office why there were no Mergers and Acquisitions happening in the mutual fund industry he said ‘because it is easy to get a new license’. Chuckle Chuckle. Now 3 companies Indiainfoline, Union Bank of India with KBC Asset Management and India Bulls have all got the […]