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Annual reports - Reading, Understanding and Discussing.
 The Equity Desk Forum :Investment Ideas - Creating winning portfolios! :Annual reports - Reading, Understanding and Discussing.
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iaditya
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Quote iaditya Replybullet Posted: 04/May/2010 at 8:34pm
any chance he is comming to india on a holiday ?
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kaushalchawla
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Quote kaushalchawla Replybullet Posted: 04/May/2010 at 9:09pm
See...the beauty of India is it still survives and grows amongst "Chaos". To the outsider, India is chaos...everything (policies etc) are not well defined and implemented...infact everything is adhoc.....and hence they kind of fear investing in india....

And we are so used to this chaos that it seems organised (not very disturbing) to us....and thats where the beauty of India and Indian brain lies.

Warm Regards,
Kaushal
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mitesh4unme
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Quote mitesh4unme Replybullet Posted: 04/May/2010 at 9:16pm
You may be right that when the world's who's who comes to India, they are coming just for their "returns"; i.e., their selfish motive. But we are supposed to be optimists and always looks at the brighter or the positive side of it. When we talk of Mr Buffet coming to India and investing over here, there are lot of good points in it. It increases India's Brand Equity. It increases international confidence in India's market. It shows stability and potential of the Indian market. When the investment guru himself is investing here, then his students will follow him and we know that his students are no petty people. They are also giants in their fields. So lets be positive and hope that Indian market keeps up the progress.

"We have got one life, so why not strive for excellence"
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basant
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Quote basant Replybullet Posted: 04/May/2010 at 9:17pm
Polio, Holidays, Momentary lapse of concentration, organized chaos, the brain storming is getting better by the dayLOL.

But Manish makes a good case for product vs. services and that is what I wanted to highlight ultimately it is the earnings that matter you can argue that Infy is services and Hindustan Unilever is a product but then as a shareholder what matters is earnings and cash flow.

Why do we compare India with China on infra only. China is ready with its infra for 2015 and the lack of infra is the opportunity in India.

We should compare RoCE of Indian companies with those of China and the West ultimately an investor will make only as much as the company makes on the investors money (RoE).

'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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beryr
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Quote beryr Replybullet Posted: 04/May/2010 at 9:51pm
 Anybody who has been compounding money at the rate Buffet has done and for the last many decades can never be behind the curve. The results are spectacular and a lot of us simply will not be able to replicate it. Perhaps we are getting ahead of the curve in our enthusiasm.
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tigershark
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Quote tigershark Replybullet Posted: 04/May/2010 at 9:56pm
when the worlds greatest /biggest bond house has started to look eastwards , that too at equity, great investors will also sit up and take notice. even as of today it will be an interesting statistic to know what percentage of american households and in what percentage own an emerging mkt equity fund
understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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Quote rpradeephere Replybullet Posted: 04/May/2010 at 10:09pm
I do not agree to the viewpoint. Buffet has always preferred to invest only in US because he feels there are so many opportunities to invest in the US itself that there is no need for him to go beyond that. He has gone on record with that. Secondarily, He did not invest in "countries" like China or Israel but in companies like BYD and ISCAR. One should note that in both these companies, the company contacted him through a letter. BYD, he tells he does not understand the company nor the technology, but Charlie Munger thought that the owner of BYD was a great person and hence it was a bet on the jockey. Iscar's founder wrote a two page letter to him highlighting his business and invited WB to Israel. He made up his mind even before going to the factory that he would love to work with the person who wrote it. The factory just confirmed that this is a great business. In either case he was still looking for businesses. If someone from India had sent a letter to him, I am pretty sure he would have considered an investment had it been attractive. Secondly, why do we expect someone who lives outside India to predict that India would be a success story way back in 1991. Very few in India predicted it. In fact it is in 2002-03, 11-12 years after opening up did the ripple effect of India opening up catch on and it is just in the last few years there has been significant wealth creation. Buffet never took pride in predicting macro stuff. Though I agree one can criticize him, these critiques do not stand base according to me.

Rgds
Pradeep
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bijoy_ajj
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Quote bijoy_ajj Replybullet Posted: 04/May/2010 at 11:04pm
Your quotes have made me remmber one of the best movie recently..
"yeh mera india".. It starts with this a story about a foreign Atheist who comes to india and live here for 6 months and then when he goes back to his country , first thing he does is to go to church and pray for 2 hrs.. Seeing this his friends started wondering and asking him how he suddenly started believeing in god.. He said...after being in india .. he came to knw how complex and chronic is the mindset and religious discriminations in india and still the country is growing... after all without god how is it ever possible??Smile
 
 
Originally posted by yogishkamath

   India seems very chaotic and unstable to outsiders.

   Even Jim Rogers was scared away by the infrastructure (or the lack of it) and the corruption.  These goras like order, clarity and predictability. China has it, India doesn't.

   It is hard for them to see how a country that seems to be falling apart can possibly keep growing at 9%.
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