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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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   Posted: 11/Dec/2007 at 10:27pm |
"Bol mere Laal"
Mungerilal enters his bedroom & is shocked to see Bunty open the wardrobe & looking at some 'valuables' inside.....
Mungerilal: "BUNTY!! what's this? What are you doing here in my room?...Ohhhh God...how did you find this Kingfisher Calender?"
Bunty: "Papa...I'm just following the advise of that fundamental analyst on TV."
Mungerilal: "What?"
Bunty: "That uncle said that always look at the big picture....so I just...."
Mungerilal: " ...abey... gadhe ke bachhe...Bh#$%#...  "
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Life can only be understood backwards—but it must be lived forwards
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deveshkayal
Senior Member
Joined: 04/Sep/2006
Online Status: Offline
Posts: 3903
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Posted: 11/Dec/2007 at 9:34am |
Some Mungerilals are betting on UB Holdings on the hope that they will be doled out Kingfisher Calendar as a shareholder gift !!
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 14/Dec/2007 at 9:00pm |
"Bol mere Laal"
Bunty is reading a daily newspaper, Mungerilal walks into the room....
Mungerilal: "Bunty Beta.....what's up? What are you reading?"
Bunty: "Papa...Just some local news. Look here... Papa! Tomorrow is the World Piles Day & our neighbourhood hospital has free check-up facility."
Mungerilal: "So what?"
Bunty: "I feel you should get yourself examined well."
Mungerilal: ".... "
Bunty: "... if you don't have Piles, then you are a PERFECT A**HOLE."
Mungerilal: " ..Bh#$%#... "
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Life can only be understood backwards—but it must be lived forwards
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 16/Dec/2007 at 1:01pm |
"Bol mere Laal"
Bunty: "Papa...what does it mean when that fundamental analyst uncle say: 'that stock idea is a no-brainer?' "
Mungerilal: "Bunty, no-brainer implies 'anything that requires little thought'. So he wants to say that the stock idea is so good that one needn't apply brains."
Bunty: "Hmmm...the way you 'invest' Papa, based on Tips & chats is also 'no-brainer' activity, isn't it?"
Mungerilal: " ..Bh#$%#... "
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Life can only be understood backwards—but it must be lived forwards
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 17/Dec/2007 at 6:58pm |
"Bol mere Laal"
Bunty: "Papa...Papa....look at that breaking news! Advance Tax Numbers Are Pretty Robust! "
Mungerilal: "Bunty, It's of no use to me. I was long based on that & SL got triggered."
Bunty: "Hmmm...It's no wonder then why they call the numbers RoBUST"
Mungerilal: " ..Bh#$%#...  "
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Life can only be understood backwards—but it must be lived forwards
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 18/Dec/2007 at 5:39pm |
"Bol mere Laal"
Bunty: "Papa...what do those experts mean when they talk of Opportunity Cost while churning the portfolio?"
Mungerilal: "Bunty Beta....it means that if you find other stock better than the one you are holding, implying superior returns then it's your opportunity cost."
Bunty: "Hmmm....tell me Papa....is this opportunity cost emotion same when you stare at other women at shopping malls?"
Mungerilal: " ...Bh#$%#... "
Edited by kulman - 18/Dec/2007 at 5:40pm
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Life can only be understood backwards—but it must be lived forwards
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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
Online Status: Offline
Posts: 5966
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Posted: 18/Dec/2007 at 5:55pm |
Hee Hee Hee! So, Kulman jee...what's the answer(I am sure you know) 
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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tigershark
Senior Member
Joined: 13/Oct/2006
Location: India
Online Status: Offline
Posts: 3542
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Posted: 18/Dec/2007 at 7:01pm |
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the oportunity cost being huge in goa we now know why people from other parts of india visit this place so often!
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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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