Titan and crisil had done nothing since there listing from 1996-2004 in stock market. That is 8 long years, if you and i had put our 25% of net worth in each of them at the time of listing we would have been begging on street by 2001.
It requires conviction in business model like RJ to hold onto stocks like crisil.
Plus all the understanding of capex free biz model, zero or low equity dilution, business moats. And the guts to bet big on stocks.
Why skip the part where sanjoy bought infosys in 1995
and as per him he is pathological risk averse.
While the site owner PMS has done pathetic absolutly pathetic even when quoting greats like graham and buffett why didn't the PMS guy bought crisil when buffett also held moodys.
So even the direct contact with this greats and the chetan parekh remains 50% in cash in 2004.
Edited by chimak10 - 14/Oct/2010 at 9:05am
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