The perennial search for quick money takes us through lot of unknown routes. It takes a lot of hard work, luck, government lobbying, team building – to create companies like Tata Steel, Hdfc, TCS, Infosys, Reliance, Honda Motors. It takes years, if not decades to create good companies too! However a few people feel (and […]
I receive so much of advice these days on my inbox, that I would die if I read them all. So sorry I stick to a few people whom I can talk with, and reports I ignore. I do read reports of 2-3 brokerage houses – only if it is not STOCK SPECIFIC. One topic […]
If the CFOs of Tata Steel, Tata Motors, TCS, Indian Hotels came to Mr. Ratan Tata and said we want to set up a mutual fund and a life insurance company how do you think will he react? Most probably he would say we have a mutual fund and a life insurance company so please […]
If you wondered how a company can fudge its accounts, well here are some things that they do: – show less expenses: if you want to be more profitable -show more expenses if you want to be seen as less profitable from real life. – increase profits by showing revenue expenditure as capital expenditure – […]
The people with old portfolios – some of them in their ’80s is coming from a completely unexpected source (that is what risk is supposed to be, is it not?). My parents lost Cadbury, Kodak, Hoganas, ITW Signode, …significant shares in their portfolio to a ‘buy-back’ in the 1980s…or 1990s, not sure. Buy-back is a […]
I get a lot of mails saying – investing does not work, trading is fun, ‘i made Rs. 124,000 in trading’ etc. Frankly I do not know how to react. Let me share with you what has worked for my family’s portfolio. Very broadly this portfolio has been a Value portfolio. There are shares acquired […]
Markets fell by 240 points yesterday and has fallen 230 points already today. For people like us markets means sensex! Markets are driven by 3 factors – Earnings of the companies, the future expectations (price-earning ratio) and the liquidity in the market. In the current market earnings are at their peak – the next couple […]