Author's posts

Jan 19

MARKETS ARE SCREAMING BUYYYYYYYYY

I wrote some resolutions a week back. A week is a long time in stock markets. The markets worried about China have dived south. And the entire Indian stock markets have also been hit by the Chinese wave. Where do we stand? What should you do? 

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Jan 05

RESOLUTIONS AND LIFE IN 2016

I wish all of you a very happy 2016. May the lords be benevolent upon you and your kith to shower their blessings and keep you engaged in positive pursuits. The new year is just a date in a calendar. Actually, it becomes a benchmark to start new events or take stock mentally of what …

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Dec 11

DEPRIVATION SUPER REACTION SYNDROME AND MY WIFE

My wife is not a value investor. She is an impulsive buyer. She is under the spell of American Marketing Whiz Kids and Psychologists. I have seen her a number of times going for shopping to malls. The shopping mall is a completely American invention which encourages useless and impulsive buying and plays on your …

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Sep 15

DEBT FUNDS ALSO LOSE

Most investors think that Debt Mutual Funds are a safe bet. It is a myth. Debt funds may not be as risky as equity funds because they invest in risk free assets like Government Bonds, T-Bills, G-Secs,  FDs, etc. But they can also erode your

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Sep 13

BE A PATIENT OPPORTUNIST

I have not written for a long time because there was nothing which was happening much in the markets. I mean the markets were at stretched valuations. Then in the last month, the values of businesses collapsed and they are again cheap. Some good businesses like Axis Bank, Noida Toll Bridge and Vaibhav Global have 

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Jul 11

UNDERSTANDING HOLDING COMPANIES : A PRIMER

One of my readers, Anshul, has been asking me, “Why do companies have a Holding Company? Why don’t they do direct business? A case in point is Balmer & Lawrie Investments Ltd vis a vis Balmer & Lawrie Ltd.

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Jul 07

GREEK DEBT CRISIS SIMPLIFIED. GREXIT: A GRECIAN TRAGEDY

As I wrote in my previous post, I just returned from Greece. There seemed to be no crisis. The people were happy, enjoying, slightly worried perhaps for pensions, but nothing more. When I watch the news, the background building is the Greek Parliament at the Syntagma Square. All the crowd gathers there

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Jul 06

WHICH BUSINESSES TO BUY OR COMPANIES TO INVEST IN??

I got a comment rather a query from a reader asking me how do I select companies to analyse and invest in? It’s a million dollar question. And the key to becoming rich. I learnt it after a lot of hits and trials after 20 years of my investing career. And that was a Eureka …

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May 11

PPFAS LONG TERM VALUE FUND — POST PARAG PARIKH

Last week, we lost a doyen of Indian Value Investing Community. Though, what is investing if not value investing. All investing is willy nilly value investing but 90% of us act like gamblers and traders, therefore the word value-investing has got added to the lexicon of finance.  I never met Mr Parikh, I only followed …

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Apr 29

PORTFOLIO DIVERSIFICATION

A couple of days back, Brigadier Ajit Katoch, a dear friend, called me up. He wanted some advise on his Portfolio. I asked him to tell me the shares he was holding in his demat account. I asked him, “How many stocks are there?”. He said about 23 shares. I assumed, it must be a …

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