| Author |
Message |
basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
|
   Topic: The Equity Desk - Report Card Match 2007
Posted: 01/Apr/2007 at 1:15am |
Hello,
March 2007 was another of those high flying quarters with extraordinary performance from most of the stocks members discuss on this forum. Particularly piquant was the performance of the The Equity Desk XI which outperformed the Indian cricket XI hands down. So while Dravid failed Bharti Airtel flourished. For a discussion on our Cricket XI you would need to visit this link.
The real test would start from this quarter. Rising interest rates will create panic in the markets but over the past few years I have learnt that we as investors have almost little chance to fight rising interest rates by timing the markets. I am personally invested 100% because taking that interest rate call is difficult.
So what is the solution? The solution is not to be invested in sectors that are interest rate sensitive. Now we can argue whether HDFC Bank is ineterst rate sensitive or not but for a bank that has been a 25 bagger and has handled quite a few interest rate cycles we could take any weakness in such companies as opportunities.
The Cricket XI continues to do extraordinarily well except for two stocks which should recover well with time.
The cost of purchase in TV 18 and Network18 has been divided on the basis of the shares made available to shareholders on demerger. IndiaBulls has been allocated an equal cost since the demerger ratio was 1:1.
Nilkamal Plastics was a bad investment decision and is hence being removed whereas for Rain Commodities a cement cyclical we had decided to exit at around Rs 175 levels.
The coming quarter will test the character of the investor more then his skills and it is the former which is in short supply within us. For this we remain obliged to Kulmanji for helping us understand the master by making continuous posts to the Warren Buffet School of Investing.
It is another thing not to sell in panic but entirely extraordinary not to panic and after reading those posts each day in the morning I think I have graduated from the earlier level (of not selling in panic) to the higher level of not panicking- thanks again to Kulmanji.
Regards,
Basant
Edited by basant - 01/Jul/2007 at 7:57pm
|
|
'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
|
 IP Logged |
|
|
|
 |
|
xbox
Senior Member
Joined: 10/Sep/2006
Online Status: Offline
Posts: 2001
|
Posted: 01/Apr/2007 at 7:37am |
It is another thing not to sell in panic but entirely extraordinary not to panic
-----------------
Very relevant quotation. It is time to separate boys from men. Basant jee, congratulations for excellent q4 results. We are first to publish q4 and y'06-'07 results.  Loss and gains are part of game but journey is quite important for serious investors. I thank you many times to make this journey smooth, enjoyable and comfortable for all of us. Many times, TED has helped me to make or not-to-make certain decisions.
Wish many more fruitful years, quarters to all of TEDs. 
Edited by vipul - 01/Apr/2007 at 7:39am
|
|
Don't bet on pig after all bull & bear in circle.
|
|
IP Logged |
|
|
|
Mr. V
Senior Member
Joined: 01/Mar/2007
Location: United States
Online Status: Offline
Posts: 903
|
Posted: 01/Apr/2007 at 7:59am |
|
Congratulations to all the members of TED.
More than the actual performance of the portfolio which no doubt is important, I feel the real gain of TED members is the learning. I have been part of this forum for 1 month and already I have learned and enjoyed so much. Like Vipul said its the journey that is important.
I can't wait for the annual reports to come out followed by the analysis by the TED members.
Once again kudos to everyone.
|
|
IP Logged |
|
|
|
kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
|
Posted: 01/Apr/2007 at 8:17am |
I must confess that TED has helped me immensly to develop kind of 'emotional detachment'. Of course it (my approach) needs continuous improvement & it is a long way to go.
I'm fortunate enough to have found this wonderful forum exactly 6 months ago. Sometimes I wonder had it not been for TED, how I would have reacted in Dec'06 or Feb'07 or even now. As said earlier I've stopped losing money.
I may not be owning major stocks from TED-XI or I might have underperformed indices; but does it really matter? TED has helped me in becoming a better human being emotionally. And in the process my friends' circle of competence has widened!
|
|
Life can only be understood backwards—but it must be lived forwards
|
|
IP Logged |
|
|
|
Mr. V
Senior Member
Joined: 01/Mar/2007
Location: United States
Online Status: Offline
Posts: 903
|
Posted: 01/Apr/2007 at 8:54am |
"And in the process my friends' circle of competence has widened!"
----------------------------------------------------------------
Totally True...
I also realise that I have become a groupie....good growth 
Edited by Mr. V - 01/Apr/2007 at 8:54am
|
|
IP Logged |
|
|
|
tigershark
Senior Member
Joined: 13/Oct/2006
Location: India
Online Status: Offline
Posts: 3542
|
Posted: 01/Apr/2007 at 9:18am |
|
i have met some truly amazing poeple here without physically meeting them!
|
|
understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
|
|
IP Logged |
|
|
|
vip1
Senior Member
Joined: 09/Oct/2006
Location: India
Online Status: Offline
Posts: 492
|
Posted: 01/Apr/2007 at 10:08am |
The coming quarter will test the character of the investor more then his skills and it is the former which is in short supply within us.
The greatest part of being at TED is the CONVICTION one has gained , the storms easily wither away.
|
|
IP Logged |
|
|
|
deveshkayal
Senior Member
Joined: 04/Sep/2006
Online Status: Offline
Posts: 3903
|
Posted: 01/Apr/2007 at 10:21am |
|
Basantji, PVR has not been included in the list...
|
|
"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
|
|
IP Logged |
|
|
|
Active Topics
Memberlist
Calendar
Search
Help
Register
Login
