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Ajith
Senior Member
Joined: 06/Aug/2006
Location: India
Online Status: Offline
Posts: 1284
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   Posted: 30/Aug/2006 at 11:23pm |
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I think it is to retain objectivity and not having to justify yourself or getting carried away-to take decisions appropriately.
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BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
Online Status: Offline
Posts: 3142
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Posted: 31/Aug/2006 at 2:58pm |
Hi Friends,
Check out these lions in a zebra country here
Ajith,
Thanks for that words of wizdom.. as Mr BasantJi has already pointed out.
Edited by BubbleVision - 31/Aug/2006 at 3:02pm
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 21/Mar/2007 at 12:25pm |
I am reading this topic again and would recommend all those investors to read this and keep it at the back of their mind the next time they attempt to view a MF portfolio!
See if a MF has to buy Reliance, ONGC, Ranbaxy and Tata Power the w hy should I give my money to it. The point that I am giving my money to a MF is because I expect them to look for undiscovered ideas not tread on the path that is already taken.
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'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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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 21/Mar/2007 at 12:46pm |
Full-time professionals in other fields, let's say dentists, bring a lot to the layman. But in aggregate, people get nothing for their money from professional money managers.--- Warren Buffett
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Life can only be understood backwards—but it must be lived forwards
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 21/Mar/2007 at 12:53pm |
At TED we always benefit from that expertise whether it is engineering, banking, technology, media & entertainment, currency, global events plus in addition to this our members bring a lot of common sense which is the most uncommon thing in this part of the world.
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'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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monu_duggad
Senior Member
Joined: 07/Sep/2006
Location: India
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Posts: 289
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Posted: 21/Mar/2007 at 3:13pm |
I completely agree...we give money to mf to discover uncharted paths...not buy sensex/nifty stocks ....
Basantji : Can u explain wht exactly absloute return guys means ?...iknow its used for hedge funds....but wht do they do when they look for absolute returns
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If you think you can,You Can
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 21/Mar/2007 at 3:33pm |
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Absolute means broadly to have a positive NAV irrespective of whether the sensex or Nifty goes up or not.
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'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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BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
Online Status: Offline
Posts: 3142
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Posted: 21/Mar/2007 at 3:35pm |
Monu... Old wine in new bottle.. Its another fancy name given to the "returns".
However the Absolute Returns funds are more daring. They Day Trade to generate absolute returns and use high leverage! They trade both sides of the market ... Long or Short!
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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