Hi Vipul,
I remember one of the lessons which my daddy has given to me and still gives to me is something which I will explain now...
He asks what do you think we are investing when we are buying a stock. To most of us, it will be money. To a fewer of us, it will be time. To a still fewer of us, it will be effort/energy. And to the very rare-breed, it will also be faith.It is that breed of investor, who knows how to invest in faith will ultimately be the winner.We simply lack faith or what Basant says, conviction. If I look at your mistakes, I would like to say fw things, especially about GEShipping and SAIL, as these 2 companies I like tracking.You know what, when these analysts were saying so much rubbish about governance atGEShipping I was eagerly waiting for the company's stock price to fall.Because, if you sinmply think, the failure was not a significant one in my eyes, like the way they were saying( created post for the same on this forum).For me corporate governance is more than disclosures and successes. To me, it is acceptance of the wrong and admission of mistakes. To me, its shareholders' rewards.To me, its sensitivity towards' shareholders.And as a matter of disclosure, I must say that I myself hold these company's share and have been an accumulator since it reached 136 odd levels last year.
I think SAIL is an enigma.It has such a wonderful turnover and profits that it seems mind blowing to get it at this price. We complain of its huge equity but then the floating stock is quite appropriate. I beleive, you made a fair exit at 40 and by something else with your money would havefetched you better results, I suppose.
Mahindra and mahindra was indeed a bad exit.But then Vipul, I think you are being too modest, you must have made lots of money with whatever, you must have bought at that point of time..
... that was such a great period of investment....
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