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Message Icon Topic: This is what the PMS guys buy!!! Post Reply Post New Topic
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deveshkayal
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Quote deveshkayal Replybullet Posted: 21/Aug/2007 at 5:50pm

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

 
Thanks to Kulmanji !
"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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aloksahi1971
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Quote aloksahi1971 Replybullet Posted: 21/Aug/2007 at 6:03pm
Kayal Saheb, It is so true. And to add salt to the wound even after writing a mail to the concerned depart no remedy is there . The money is with the company fine but my case seems to have lost it self and has become aturf batele between 2 departments of Kotak
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kulman
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Quote kulman Replybullet Posted: 21/Aug/2007 at 7:49pm
Oh...no! Regret to hear about this Alok jee.
 
That's why PMS mostly means "Pyaar-se Maaro Scheme" (Read more by clicking here.)
 
 
 
 
 
 
Baant jeeanother thread here could be combined with this one.
 
 
 
 
Life can only be understood backwards—but it must be lived forwards
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India_Bull
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Quote India_Bull Replybullet Posted: 21/Aug/2007 at 7:54pm
Kulmanjee,
Welcome back. How was your holiday vacation? Hope you have not curtailed it because of political (Nuclear deal-Left -Sensex turmoil etc )reasons !!
 
(I recollect Peter Lynch mentioning whenever he went for a vacation, market collpased !!)
 
India_Bull forever Bull !
www.kapilcomedynights.com
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aloksahi1971
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Quote aloksahi1971 Replybullet Posted: 21/Aug/2007 at 8:00pm
Kulman saheb, Agar Pyar se marte to bhi chalta tha . After the funds got transfered out of my account it was like bhul gaya sab kuch..... I trying to be  a long term invester did not inquire for 15 months thinking long term ment giving the fund manager time to do his stuff. Then on minutly scanning my account I found trade in even HOV which I had avoided on IPO. Also when the scheme was mandated a MIDCAP what business does Infosys have in the portfolio???
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kulman
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Quote kulman Replybullet Posted: 21/Aug/2007 at 8:01pm

Thanks, I had nice time as usual. Away from hustle & hassles.

Since I was out of touch with the happenings, let me get the 'feel' of things. And TED is the best place to catch up.
Life can only be understood backwards—but it must be lived forwards
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Vivek Sukhani
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Quote Vivek Sukhani Replybullet Posted: 21/Aug/2007 at 8:05pm
Add to your survey on the PMS fund managers, may i just ask how many of them sport a french-cut beard?????? How many of them pretend to be so serious while talking on phone.....how many of them pretend to listen so carefully....how many of them pretend to be so committed that they say they even forget their poor wife's name but never forget to remember the minutest details of the company
One thing which I have noticed with fund managers and TAUs......they simply have no sense of humility....they all bask in glory( real or unreal, God knows and they know). My only question is if they are so confident about making money than why dont they borrow it and do it themselves....why are they so charitable....why are they so endearing...why so loving??????
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aloksahi1971
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Quote aloksahi1971 Replybullet Posted: 21/Aug/2007 at 8:11pm
Yes Vivekji, this is what I told the the regional head east kotak PMS . If he could open a PMS account he would not be working ( It is another mater that his gigle conveyed to me that he will never have a dearth of bewkoofs like me to place the trust in them ) 
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