How many times have people told you “you should invest like Warren Buffett” or ‘You should invest like Peter Lynch’. Let us face it. You are Parag. NOT Warren Buffett or Peter Lynch. So you cannot invest like them. Let me tell you what one promoter told me once. He had controlling stake in a […]

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  Sometime in 1994 a friend wanted to keep some money in a fixed interest bearing instrument. The amount was about Rs. 15000. He kept it in one company – let us call it Company A. Sometime in 1999 I was surprised to see that he still had his money there. I told him and […]

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I have referred to the low p/e of psu companies many times in my past posts. For many people who do not have any exposure to the government’s way of working, this may sound surprising. Let me also clarify that calling the government a rogue does not mean I am saying that the private sector […]

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WoW that is amazing, right? banks become brokers, so what is in it for you? Well, er, sorry, but NOTHING. Really, nothing. Ok, do you know how a shop sells cell phone connections? – 99% of the customers will not care whether they buy a Bharti Airtel, Tata, Reliance….so the shop keeper sells the ones […]

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If you thought only Indian politicians talk through their hat…see what Obama said… “The Buffet tax will help us bridge the deficit”. This is exactly what a Pranab Mukherjee or a P Chidambaram tell the PARLIAMENT when they talk about the deficit. The truth is NO politician is worried about what he says because he/she […]

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  The Sensex may have given 19% returns over 33 years, however it may not have given 19% in any particular year! This is fairly simple – the standard deviation is quite high, and good years are followed by bad years. Simple. In the year 2011 the sensex’s performance looks bad because of the poor […]

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