Let me clarify – I have not spoken to RJ in over a decade, and not seriously over 3 decades. This post has nothing to do with his portfolio picks that I know by speaking to him, but only from the press. I track Mr. Warren Buffett far more than I track RJ – I […]
No I am not reproducing the letter here. This is just some of the side lights from that letter. If the worlds richest man hires you, keeps you for 23 years that is proof that you are good. Just see what he says “When Ajit Jain joined us..we knew we had acquired a great talent. […]
Many experts in the market now have a view on the market. This is of course only to be expected is it not? It is like when you thrust a mike in front of a person, suddenly he becomes a wise man (person?). Mr. Ken Fisher who is himself a great fund manager and the […]
Some businesses are franchises. They have high walls and deep moats around them. Such businesses usually do well in the long run. Some of course create an addiction – ITC is a case in point. Other companies which come to mind are say Wriggley’s gum. When you are spending say Rs. 5 (or Rs. 20) […]
It is customary in film circles to say “i was inspired by Kishore Kumar or S D Burman or …” what have you and then copy their song – either partially or in toto. In fund management too you can copy and the advantage is your money in the bank, is yours. Your money does […]
It takes 20 years to build a reputation and 5 minutes to ruin it. If you think about it, you will do things differently. This is what Warren Buffet has to say about reputation risk. Frankly this is perhaps the most ignored aspect today in financial product sales. Most people who are looking to selling […]